HomeMy WebLinkAbout2001-09-27MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, SEPTEMBER 27, 2001
CIVIC CENTER COUNCIL CHAMBER
I. CALL TO ORDER
President Ferguson convened the meeting at 4:01 p.m.
II. ROLL CALL
Present:
Commissioner Jean M. Benson
Commissioner Buford A. Crites
Vice President Richard S. Kelly
Commissioner Robert A. Spiegel
President Jim Ferguson
Also Present:
Carlos L. Ortega, City Manager/RDA Executive Director
David J. Erwin, City Attorney
Sheila R. Gilligan, ACM for Community Services/City Clerk
Richard J. Folkers, ACM for Development Services
Homer Croy, Director of Building & Safety
Phil Drell, Director of Community Development
J. Luis Espinoza, Finance Operations Manager
Teresa La Rocca, Director of Housing
Martin Pinon, Director of Human Resources
Joseph S. Gaugush, Director of Public Works/City Engineer
David Yrigoyen, Director of Redevelopment
Rachelle D. Klassen, Deputy City Clerk
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING SEPTEMBER 27, 2001
I11. CONSENT CALENDAR
A. MINUTES of the Financing Authority Meeting of April 9, 1998.
Rec: Approve as presented.
Upon motion by Spiegel, second by Kelly, the Consent Calendar was approved as
presented by a 4-0-1 vote, with Commissioner Benson ABSTAINING, as she was not
present at that meeting.
IV. CONSENT ITEMS HELD OVER
None
V. RESOLUTIONS
None
VI. NEW BUSINESS
A. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE SALE AND
ISSUANCE OF TAX ALLOCATION REVENUE BONDS (PROJECT AREA
NO. 4), SERIES 2001, OF THE PALM DESERT FINANCING AUTHORITY
(JOINT CONSIDERATION WITH THE PALM DESERT
REDEVELOPMENT AGENCY).
Mr. Ortega reviewed the staff report and offered to answer any questions.
Mr. Dennis Coleman noted that Project Area 4 is located in the northeast
section of the City, from Fred Waring on the south side to Country Club on
the north, to Washington on the east and approximately Eldorado on the
west.
Member/Commissioner Spiegel moved to waive further reading and adopt:
1) Redevelopment Agency Resolution No. 426, approving as to form and authorizing the
execution and delivery of certain documents in connection with the sale and issuance of
Tax Allocation Revenue Bonds (Project Area No. 4), Series 2001, of the Palm Desert
Financing Authority; 2) Financing Authority Resolution No. FA-29, authorizing the sale and
issuance of its Tax Allocation Revenue Bonds (Project Area No. 4), Series 2001,
appointing a trustee, approving as to form and authorizing the execution and delivery of
certain documents in connection with the sale and issuance of said bonds. Motion was
seconded by Kelly and carried by a 5-0 vote.
2
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING SEPTEMBER 27, 2001
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
IX. PUBLIC HEARINGS
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
XI. ADJOURNMENT
With Authority Board concurrence, President Ferguson adjourned the meeting at
6:28 p.m.
ATTEST:
N, PRESIDENT
(2'&k>.4—s--5-1—45-s+..
SHEILA R. GILLIGAN, SECRETA(1Y TO THE
PALM DESERT FINANCING AUTHORITY
3