HomeMy WebLinkAbout1997-12-11MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, DECEMBER 11, 1997
CIVIC CENTER COUNCIL CHAMBER
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I. CALL TO ORDER
President Benson convened the meeting at 4:00 p.m.
H. ROLL CALL
Pint:
Commissioner Buford A. Crites
Commissioner Jim Ferguson
Commissioner Richard S. Kelly
Vice President Robert A. Spiegel
President Jean M. Benson
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
Agnes Flor, Accounting Manager
Mary P. Gates, Deputy City Clerk
M. CONSENT CALENDAR
A. MTNJLTF- of the Financing Authority Meeting of October 23, 1997.
Rec: Approve as presented.
Upon motion by Spiegel, second by Crites, the Consent Calendar was approved by a 4-1 vote,
with Commissioner Ferguson ABSTAINING. .
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MINUTES
PALM DESERT FINANCING AUTHORITY DECEMBER 11, 1997
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V. CONSENT ITEMS HELD OVER
None
VI. RESOLUTIONS
A. RESOLUTION NO. FA-25 - A RESOLUTION OF THE PALM DESERT FINANCING
AUTHORITY AUTHORIZING THE SALE AND ISSUANCE OF ITS TAX
ALLOCATION (HOUSING SET -ASIDE) REVENUE BONDS SERIES 1998.
Upon motion by Kelly, second by Spiegel, Resolution No. FA-25 was adopted by unanimous
vote of the Financing Authority Board.
B. RESOLUTION NO. FA-26 - A RESOLUTION OF THE PALM DESERT FINANCING
AUTHORITY AUTHORIZING THE SALE AND ISSUANCE OF ITS TAX
ALLOCATION REVENUE BONDS (PROJECT AREA NO. 4) SERIES 1998.
Upon motion by Kelly, second by Spiegel, Resolution No. FA-26 was adopted by unanimous
vote of the Financing Authority Board.
VII. NEW BUSINESS
None
VIII. CONTINUED BUSINESS
None
IX. OLD BUSINESS
None
X. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION
A. CHIEF ADMINISTRATIVE OFFICER
None
B. AUTHORITY COUNSEL
None
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PRELIMINARY MINUTES
PALM DESERT FINANCING AUTHORITY DECEMBER 11, 1997
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C. PRESIDENT AND MEMBERS OF THE AUTHORITY
None
XI. ORAL COMMUNICATIONS
None
XII. ADJOURNMENT
Upon motion by Spiegel, second by Crites, and unanimous vote of the Financing Authority
Board, President Benson adjourned the meeting at 8:40 p.m.
ATTEST:
SHEILA F;.. G&rGAN, S ARY TO THE
PALM DESERT FINAN • AUTHORITY
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M. BENSON, PRESIDENT
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