HomeMy WebLinkAbout1992-08-13MINUTES
SPECIAL MEETING OF THE
PALM DESERT FINANCING AUTHORITY
THURSDAY, AUGUST 13, 1992
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I. CALL TO ORDER
President Kelly convened the meeting at 12:00 a.m.
H. ROLL CALL
Present:
Vice President Jean M. Benson
Commissioner Buford A. Crites
Commissioner Walter H. Snyder
Commissioner S. Roy Wilson
President Richard S. Kelly
Also Present:
Bruce A. Altman, City Manager/Chief Administrative Officer
David J. Erwin, City Attorney
Sheila R. Gilligan, Authority Secretary
Carlos L. Ortega, ACM/RDA Executive Director
Ramon A. Diaz, ACM/Director of Community Development
Richard J. Folkers, ACM/Director of Public Works
Paul Shillcock, ACM/Director of Economic Development
Paul Gibson, Finance Director/City Treasurer
Wayne Ramsey, Acting Director of Code Compliance
Phil Drell, Senior Planner
John Wohlmuth, Environmental Conservation Manager
MINUTES
SPECIAL PALM DESERT FINANCING AUTHORITY MEETING AUGUST 13, 1992
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III. RESOLUTIONS
Mr. Altman noted that this should be considered as a joint item with the Palm Desert
Redevelopment Agency.
REDEVELOPMENT AGENCY ROLL CALL
Present:
Vice Chairman Jean M. Benson
Member Buford A. Crites
Member Walter H. Snyder
Member S. Roy Wilson
Chairman Richard S. Kelly
Member Snyder moved to add this item to the Redevelopment Agency Agenda for
consideration, noting that the need to take action arose subsequent to the Agenda being posted. Motion was
seconded by Crites and carried by unanimous vote of the Agency Board.
A. RESOLUTION NO. 262 - A RESOLUTION OF THE PALM DESERT
REDEVELOPMENT AGENCY APPROVING AS TO FORM AND AUTHORIZING
THE EXECUTION AND DELIVERY OF CERTAIN DOCUMENTS IN
CONNECTION WITH THE SALE AND ISSUANCE OF TAX ALLOCATION
BONDS (PROJECT AREA NO. 2), 1992 SERIES A, OF THE PALM DESERT
FINANCING AUTHORITY.
B. RESOLUTION NO. FA-9 - A RESOLUTION OF THE PALM DESERT
FINANCING AUTHORITY, AUTHORIZING THE SALE AND ISSUANCE OF ITS
TAX ALLOCATION REVENUE BONDS (PROJECT AREA NO. 2, AS
AMENDED), 1992 SERIES A, APPOINTING A TRUSTEE, AND APPROVING AS
TO FORM AND AUTHORIZING THE EXECUTION AND DELIVERY OF
CERTAIN DOCUMENTS IN CONNECTION WITH THE SALE AND ISSUANCE
OF SAID BONDS.
Mr. Altman noted the staff report in the packets and stated that Mr. Ortega was
available to answer any questions.
Member/Commissioner Crites moved to waive further reading and adopt Redevelopment
Agency Resolution No. MI and Financing Authority Resolution No. FA-9. Motion was seconded by Snyder
and carried by unanimous vote.
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MINUTES
SPECIAL PALM DESERT FINANCING AUTHORITY MEETING AUGUST 13, 1992
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IV. ADJOURNMENT
Upon motion by Crites, second by Benson, and unanimous vote of the Financing Authority
Board, President Kelly adjourned the meeting at 12:25 a.m.
ATTEST:
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SHEILA R. V LIGAN, ;1' CRETARY TO THE
PALM DESERT FIN �' G AUTHORITY
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RICI(ARD S KELLY, PRESIDENT,
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