HomeMy WebLinkAbout1996-03-14MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, MARCH 14, 1996
CIVIC CENTER COUNCIL CHAMBER
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I. CALL TO ORDER
President Snyder convened the meeting at 7:55 p.m.
H. ROLL CALL
Present:
Commissioner Jean M. Benson
Commissioner Buford A. Crites
Vice President Richard S. Kelly
Commissioner Robert A. Spiegel
President Walter H. Snyder
Also Present:
Ramon A. Diaz, Chief Administrative Officer
David J. Erwin, City Attorney
Sheila R. Gilligan, Authority Secretary
Carlos L. Ortega, RDA Executive Director
Joe Gaugush, Acting 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, Director of Community Development
Mary P. Gates, Deputy City Clerk
M. ORAL COMMUNICATIONS
None
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING MARCH 14, 1996
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IV. CONSENT CALENDAR
A. PIDIUTES of the Financing Authority Meeting of August 24, 1995, and the Special Joint
Meeting of the Palm Desert City Council and Financing Authority of September 20, 1995.
Rec: Approve as presented.
Upon motion by Spiegel, second by Crites, the Consent Calendar was approved as presented by
unanimous vote of the Authority Board.
V. RESOLUTIONS
A. RESOLUTION NO. FA-16 - A RESOLUTION OF THE FINANCING AUTHORITY
AUTHORIZING THE SALE AND ISSUANCE OF ITS TAX ALLOCATION REFUNDING
REVENUE BONDS (PROJECT AREA NO. 1, AS AMENDED), SERIES 1996,
APPOINTING A TRUSTEE AND ESCROW AGENT, 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. Ortega reviewed the staff report, noting that it was basically the same as the
Redevelopment Agency action taken.
Commissioner Benson moved to waive further reading and adopt Resolution No. FA-16. 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
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MINUTES
PALM DESERT FINANCING AUTHORITY MEETING MARCH 14, 1996
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X. REPORTS, REMARKS, AND AGENCY 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
Upon motion by Spiegel, second by Kelly, and unanimous vote of the Authority Board, President
Snyder adjourned the meeting at 8:00 p.m.
ATTEST:
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