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HomeMy WebLinkAbout2002-04-25MINUTES PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, APRIL 25, 2002 CIVIC CENTER COUNCIL CHAMBER I. CALL TO ORDER President Kelly convened the meeting at 4:04 p.m. II. ROLL CALL Present: Vice President Jean M. Benson Commissioner Jim Ferguson Commissioner Robert A. Spiegel President Richard S. Kelly Excused Absence: Commissioner Buford A. Crites 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 Justin McCarthy, ACM for Redevelopment Homer Croy, Director of Building & Safety Phil Drell, Director of Community Development Paul S. Gibson, Director of Finance/City Treasurer Teresa L. La Rocca, Director of Housing Joseph S. Gaugush, Director of Public Works/City Engineer David Yrigoyen, Director of Redevelopment III. CONSENT CALENDAR A. MINUTES of the Financing Authority Meeting of April 11, 2002. Rec: Approve as presented. Upon motion by Spiegel, second by Benson, the Consent Calendar was approved as presented by a 4-0 vote, with Commissioner Crites ABSENT. IV. CONSENT ITEMS HELD OVER None MINUTES PALM DESERT FINANCING AUTHORITY MEETING APRIL 25, 2002 V. RESOLUTIONS None VI. NEW BUSINESS None VII. CONTINUED BUSINESS None VIII. OLD BUSINESS None IX. PUBLIC HEARINGS A. REQUEST FOR APPROVAL OF ACTIONS RELATED TO THE SALE AND ISSUANCE OF TAX ALLOCATION (HOUSING SET -ASIDE) REVENUE BONDS, SERIES 2002, OF THE PALM DESERT FINANCING AUTHORITY (JOINT CONSIDERATION WITH THE PALM DESERT REDEVELOPMENT AGENCY). Mr. Ortega noted the report in the packets and offered to answer any questions. Chairman/President Kelly declared the public hearing open and invited testimony in FAVOR of or in OPPOSITION to this request. No testimony was offered, and he declared the public hearing closed. Member/Commissioner, Spiegel moved to: 1) Waive further reading and adopt Redevelopment Agency Resolution No. 443, making certain findings, approving as to form, and authorizing the execution and delivery of certain documents in connection with the sale and issuance of Tax Allocation (Housing Set -Aside) Revenue Bonds, Series 2002, of the Palm Desert Financing Authority; 2) waive further reading and adopt Financing Authority Resolution No. FA-35, authorizing the sale and issuance of its Tax Allocation (Housing Set -Aside) Revenue Bonds, Series 2002, 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 Ferguson and carried by a 4-0 vote, with Member/Commissioner Crites ABSENT. 2 MINUTES PALM DESERT FINANCING AUTHORITY MEETING APRIL 25, 2002 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 With Financing Authority Board concurrence, President Kelly adjourned the meeting at 6:16 p.m. SHEILA R. diLL'1GAN : CRETARY PALM DESERT FIN j9 NG AUTHORITY RICHARD S. KELLY, PRESI. NT 3