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HomeMy WebLinkAbout1995-05-25MINUTES PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, MAY 25,1995 CIVIC CENTER COUNCIL CHAMBER * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * 1. CALL TO ORDER President Crites convened the meeting at 4:10 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: Richard J. Folkers, Acting Chief Administrative Officer David J. Erwin, City Attorney Mary P. Frazier, Assistant Authority Secretary Carlos L. Ortega, ACM/RDA Executive Director Ramon A. Diaz, ACM/Director of Community Development Paul Gibson, Finance Director/City Treasurer Gregg Holtz, Acting Director of Public Works John Wohlmuth, Assistant to the City Manager Lisa Constande, Environmental Conservation Manager III. ORAL COMMUNICATIONS None IV. CONSENT CALENDAR A. MINUTES of the Financing Authority Meetings of March 26, April 9, and August 13, 1992. Rec: Approve as presented. Upon motion by Spiegel, second by Benson, the Consent Calendar was approved as presented by unanimous vote. MINUTES PALM DESERT FINANCING AUTHORITY MEETING MAY 25, 1995 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * V. RESOLUTIONS A. RESOLUTION NO. FA-10 — A RESOLUTION OF THE PALM DESERT FINANCING AUTHORITY AUTHORIZING THE SALE AND ISSUANCE OF ITS TAX ALLOCATION REVENUE BONDS (PROJECT AREA NO. 1, AS AMENDED), SERIES 1995A AND SERIES 1995B (TAXABLE), 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. Commissioner Benson moved to waive further reading and adopt Resolution No. FA-10. Motion was seconded by Vice President Snyder and carried by unanimous vote. B. RESOLUTION NO. FA-11 — A RESOLUTION OF THE PALM DESERT FINANCING AUTHORITY AUTHORIZING THE SALE AND ISSUANCE OF ITS TAX ALLOCATION REVENUE BONDS (PROJECT AREA NO. 2), SERIES 1995, 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. Commissioner Benson moved to waive further reading and adopt Resolution No. FA-10. Motion was seconded by Vice President Snyder and carried by unanimous vote. VI. CONSENT ITEMS HELD OVER None VII. NEW BUSINESS None VIII. CONTINUED BUSINESS None IX. OLD BUSINESS None X. REPORTS, REMARKS, AND AUTHORITY BOARD ITEMS REQUIRING ACTION A. CHIEF ADMINISTRATIVE OFFICER None 2 MINUTES PALM DESERT FINANCING AUTHORITY MEETING MAY 25, 1995 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B. AUTHORITY COUNSEL None C. PRESIDENT AND MEMBERS OF THE AUTHORITY None XI. ADJOURNMENT Upon motion by Spiegel, second by Kelly, and unanimous vote of the Financing Authority Board, President Crites adjourned the meeting at 4:15 p.m. ATTEST: B RD A. CRITES, PRESIDENT MARY P. FIkAZI R, ASSISTANT AUTHORITY SECRETARY CITY OF PALM -DESERT, CALIFORNIA 3