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Home My WebLink About1995-08-24MINUTES PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, AUGUST 24, 1995 CIVIC CENTER COUNCIL CHAMBER * * * * * * * * * * * * * * * * * * * * * * * * * s s s s s s s s s s s s I. CALL TO ORDER President Crites convened the meeting at 7:40 p.m. H. ROLL CALL Present: Commissioner Jean M. Benson Commissioner Richard S. Kelly Vice President Walter H. Snyder Commissioner Robert A. Spiegel President Buford A. Crites Also Present: Ramon A. Diaz, Acting Chief Administrative Officer David J. Erwin, City Attorney Sheila R. Gilligan, Authority Secretary Carlos L. Ortega, ACM/RDA Executive Director Richard J. Folkers, ACM/Director of Public Works John Wohlmuth, ACM/Director of Administrative Services Paul S. Gibson, Finance Director/City Treasurer Wayne Ramsey, Director of Code Compliance Phil Drell, Acting Director of Community Development Lisa Constande, Environmental Conservation Manager Mary P. Gates, Assistant Authority Secretary III. ORAL COMMUNICATIONS None MINUTES PALM DESERT FINANCING AUTHORITY MEETING AUGUST 24, 1995 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * IV. CONSENT CALENDAR A. MINUTES of the Meeting of the Financing Authority of July 13, 1995. Rec: Approve as presented. Upon motion by Spiegel, second by Kelly, the Consent Calendar was approved as presented by unanimous vote of the Agency Board. V. RESOLUTIONS A. RESOLUTION NO. FA-14 - A RESOLUTION OF THE PALM DESERT FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF REVENUE BONDS FOR THE PURPOSE OF PURCHASING BONDS OF THE CITY OF PALM DESERT RELATING TO ASSESSMENT DISTRICT NOS. 83-1, 84-1R, AND 87-1, AUTHORIZING AND DIRECTING THE EXECUTION AND DELIVERY OF AN INDENTURE OF TRUST, BOND PURCHASE CONTRACTS, ESCROW DEPOSIT AND TRUST AGREEMENTS AND A CONTINUING DISCLOSURE AGREEMENT, AUTHORIZING THE SALE OF BONDS, APPROVING AN OFFICIAL STATEMENT AND AUTHORIZING OTHER ^ ACTIONS. Commissioner Spiegel moved to waive further reading and adopt Resolution No. FA-14, as amended. Motion was seconded by Kelly and carried by unanimous vote. VI. CONSENT ITEMS HELD OVER None VII. NEW BUSINESS None VIII. CONTINUED BUSINESS None IX. OLD BUSINESS None wrI 2 MINUTES PALM DESERT FINANCING AUTHORITY MEETING AUGUST 24, 1995 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * X. REPORTS, REMARKS, AND AUTHORITY BOARD ITEMS REQUIRING ACTION A. CHIEF ADMINISTRATIVE OFFICER None B. AUTHORITY COUNSEL None C. PRESIDENT AND MEMBERS OF THE AUTHORITY None XI. ORAL COMMUNICATIONS None XII. ADJOURNMENT With Authority Board concurrence, President Crites adjourned the meeting at 7:42 p.m. ATTEST: \,? S 1EILA R. Gi. ) GAN, SE. TARY TO THE PALM DESERT FINANCI AUTHORITY B FORD t . CRITES, PRESIDENT 3