HomeMy WebLinkAbout1997-05-22MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, MAY 22, 1997
CIVIC CENTER COUNCIL CHAMBER
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I. CALL TO ORDER
President Kelly convened the meeting at 5:45 p.m.
II. ROLL CALL
Present:
Vice President Jean M. Benson
Commissioner Walter H. Snyder
Commissioner Robert A. Spiegel
President Richard S. Kelly
Excused Absence:
Commissioner Buford A. Crites
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
Paul S. Gibson, Finance Director/City Treasurer
Pat Conlon, Director of Building and Safety
Phil Drell, Director of Community Development
Mary P. Gates, Deputy City Clerk
III. ORAL COMMUNICATIONS
None
IV. CONSENT CALENDAR
A. MINUTES of the Meetings of the Financing Authority Meeting of April 10, 1997.
Rec: Approve as presented.
Upon motion by Spiegel, second by Snyder, the Consent Calendar was approved as presented by a
4-0-1 vote, with Commissioner Crites ABSENT.
MINUTES
FINANCING AUTHORITY MEETING MAY 22, 1997
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V. RESOLUTIONS
A. RESOLUTION NO. FA-20 - A RESOLUTION OF THE PALM DESERT FINANCING
AUTHORITY AUTHORIZING THE SALE AND ISSUANCE OF ITS TAX ALLOCATION
REFUNDING REVENUE BONDS (PROJECT AREA NO. 1, AS AMENDED), SERIES
1997, 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.
Commissioner Spiegel moved to waive further reading and adopt Resolution No. FA-2Q. Motion
was seconded by Benson and carried by a 4-0-1 vote, with Commissioner Crites ABSENT.
VI. CONSENT ITEMS HELD OVER
None
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
C. PRESIDENT AND MEMBERS OF THE AUTHORITY
None
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MINUTES
FINANCING AUTHORITY MEETING MAY 22, 1997
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XI. ORAL COMMUNICATIONS
None
XII. ADJOURNMENT
Upon motion by Spiegel, second by Benson and unanimous vote of the Authority Members present,
President Kelly adjourned the meeting at 5:47 p.m.
ATTEST:
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SHEILA R. Gi1.iIGAN, S CRETARY TO THE
PALM DESERT FINANpING AUTHORITY
ARD S. KELLY, PRYSIDENT
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