HomeMy WebLinkAbout1996-07-11MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, JULY 11, 1996
CIVIC CENTER COUNCIL CHAMBER
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I. CALL TO ORDER
President Snyder convened the meeting at 6:10 p.m.
H. ROLL CALL
Present: Excused Absence:
Vice President Richard S. Kelly Commissioner Jean M. Benson
Commissioner Robert A. Spiegel Commissioner Buford A. Crites
President Walter H. Snyder
Also Present:
Ramon A. Diaz, Chief Administrative Officer
David J. Erwin, City Attorney
Sheila R. Gilligan, Authority Secretary
David Yrigoyen, Acting RDA Executive Director
Richard J. Folkers, ACM/Director of Public Works
John Wohlmuth, ACM/Director of Administrative Services
Agnes Flor, Acting Finance Director
Phil Drell, Director of Community Development
Wayne Ramsey, Director of Code Compliance
Mary P. Gates, Deputy City Clerk
III. ORAL COMMUNICATIONS
None
IV. CONSENT CALENDAR
A. MINUTES of the Financing Authority Meeting of June 27, 1996.
Rec: Approve as presented.
Upon motion by Kelly, second by Spiegel, the Consent Calendar was approved as presented by
unanimous vote of the Financing Authority Board.
V. RESOLUTIONS
None
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING JULY 11, 1996
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VI. CONSENT ITEMS HELD OVER
None
VII. NEW BUSINESS
None
VIII. CONTINUED BUSINESS
A. REQUEST FOR CONSIDERATION OF BLYTHE COUNTY ADMINISTRATIVE CENTER
FINANCING (Continued from the Meetings of June 27 and July 3, 1996) JOINT MATTER
WITH THE PALM DESERT REDEVELOPMENT AGENCY
Mr. Erwin noted that at the Adjourned City Council/Redevelopment Agency/Financing
Authority meeting of July 3, 1996, there was a vote of 2-1 by the Agency and Financing
Authority to approve this request. At that time, he advised after the vote that three
affirmative votes were needed, and the matter was continued to this meeting. He said he was
subsequently advised by Counsel for the Redevelopment Agency that the Agency and
Financing Authority do not have the same rules as the City Council, and it is necessary to
only have a majority of those members in attendance to approve the expenditure of funds;
therefore, two affirmative votes was sufficient to approve the request, and no further action
was necessary on this matter. He added that the Minutes of the July 3rd meeting should be
corrected to reflect action as follows:
Chairman/President Snyder moved to approve the following: 1) That the Financing Authority, by
Minute Motion, approve the site lease, Lease Agreement (Contract No. R11420), Assignment Agreement
(Contract No. R11430), Indenture (Contract No. R11440), Implementation Agreement (Contract No.
R 11450), Purchase Contract (Contract No. R 11460), and Preliminary Official Statement, and waive further
reading and adopt Financing Authority Resolution No. FA-17 authorizing the issuance of its Ipact Revenue
Bonds; 2) that the Redevelopment Agency, by Minute Motion, approve the Implementation Agreement
(Contract No. R11450), waive further reading and adopt Redevelopment Agency Resolution No. 328,
approving the Implementation Agreement, and by Minute Motion, approve certain actions with regard to
the transaction. Motion was seconded by Benson and carried by a 2-1 vote, with Member/Commissioner
Kelly voting NO.
IX. OLD BUSINESS
None
P. 1
2
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING JULY 11, 1996
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X. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION
A. CHIEF ADMINISTRATIVE OFFICER
None
B. AUTHORITY COUNSEL
Absent
C. PRESIDENT AND MEMBERS OF THE AUTHORITY
None
XL ORAL COMMUNICATIONS
None
XII. ADJOURNMENT
With Financing Authority Board concurrence, President Snyder adjourned the meeting at 6:11 p.m.
ATTEST:
-R- IA-301c----,
SHEILA ILLIGAN, SECRETARY TO 0
THE PAL ESERT FINANCING AUTHORITY
WALTER H. SNYDER, P IDENT
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