HomeMy WebLinkAbout1997-04-10MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, APRIL 10, 1997
CIVIC CENTER COUNCIL CHAMBER
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I. CALL TO ORDER
President Kelly convened the meeting at 9:46 p.m.
H. ROLL CALL
Present:
Vice President Jean M. Benson
Commissioner Buford A. Crites
Commissioner Walter H. Snyder
Commissioner Robert A. Spiegel
President Richard S. Kelly
Also Present:
Ramon A. Diaz, Chief Administrative Officer
David J. Erwin, City Attorney
Sheila R. Gilligan, Authority Secretary
Richard J. Folkers, ACM/Director of Public Works
John Wohlmuth, ACM/Director of Administrative Services
Carlos L. Ortega, RDA Executive Director
Phil Drell, Director of Community Development
Paul S. Gibson, Finance Director/City Treasurer
Mary P. Gates, Deputy City Clerk
III. ORAL COMMUNICATIONS
None
IV. CONSENT CALENDAR
A. MINUTES of the Meetings of the Financing Authority Meeting of August 22, 1996.
Rec: Approve as presented.
Upon motion by Spiegel, second by Crites, the Consent Calendar was appfovec as presented by
unanimous vote of the Authority Board.
'MINUTES
PALM DESERT FINANCING AUTHORITY MEETING APRIL 10, 1997
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V. RESOLUTIONS
None
VI. CONSENT ITEMS HELD OVER
None
VII. NEW BUSINESS
A. REQUEST FOR ADOPTION OF RESOLUTION NO. FA-19 DECLARING ITS INTENTION
TO ISSUE TAX ALLOCATION REFUNDING BONDS.
Mr. Diaz reviewed the staff report in the packets and offered to answer any questions.
Commissioner Crites moved to waive further reading and adopt Resolution No. FA-19, A Resolution
of the Financing Authority declaring its intention to issue tax allocation refunding bonds and taking certain
actions in connection with the offering and sale thereof. Motion was seconded by Snyder and carried by a
4-0-1 vote, with Commission Spiegel ABSTAINING.
VII. ADJOURNMENT
Upon motion by Crites, second by Spiegel, and unanimous vote of the Authority Board,
President Kelly adjourned the meeting at 9:50 p.m.
RICHARD S KELLY, PjtESIDENT
ATTEST:
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SHEILA R. GIL-LIGAN, SE ► ARY TO THE
PALM DESERT FINAN •1► ' AUTHORITY