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HomeMy WebLinkAbout2002-01-24MINUTES PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, JANUARY 24, 2002 CIVIC CENTER COUNCIL CHAMBER I. CALL TO ORDER President Kelly convened the meeting at 4:02 p.m. II. ROLL CALL Present: Vice President Jean M. Benson Commissioner Buford A. Crites Commissioner Jim Ferguson Commissioner Robert A. Spiegel President Richard S. Kelly Also Present: Carlos L. Ortega, City Manager/RDA Executive Director David J. Erwin, City Attorney Richard J. Folkers, ACM for Community Services Justin McCarthy, ACM for Redevelopment Homer Croy, Director of Building & Safety Paul S. Gibson, Director of Finance/City Treasurer 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 III. CONSENT CALENDAR A. MINUTES of the Financing Authority Meeting of November 8, 2001. Rec: Approve as presented. Upon motion by Spiegel, second by Benson, the Consent Calendar was approved as presented by a 5-0 vote. MINUTES PALM DESERT FINANCING AUTHORITY MEETING JANUARY 24, 2002 IV. CONSENT ITEMS HELD OVER None V. RESOLUTIONS None VI. NEW BUSINESS None VII. CONTINUED BUSINESS None VIII. OLD BUSINESS None IX. PUBLIC HEARINGS A. REQUEST FOR APPROVAL OF ACTIONS IN CONNECTION WITH THE SALE AND ISSUANCE OF TAX ALLOCATION REFUNDING REVENUE BONDS (PROJECT AREA NO. 1, AS AMENDED), 2002 SERIES A, 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. 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. 434, making certain findings and approving as to form, and authorizing the execution and delivery of certain documents in connection with the sale and issuance of Tax Allocation Refunding Revenue Bonds (Project Area No. 1, As Amended), 2002 Series A, of the Palm Desert Financing Authority; 2) waive further reading and adopt Financing Authority Resolution No. FA-31, authorizing the sale and issuance of its Tax Allocation Refunding Revenue Bonds (Project Area No. 1, As Amended), 2002 Series A, appointing a trustee, and approving as to form and authorizing 2 MINUTES PALM DESERT FINANCING AUTHORITY MEETING JANUARY 24, 2002 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 5-0 vote. 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 Upon motion by Spiegel, second by Crites, and unanimous vote of the Financing Authority Board, President Kelly adjourned the meeting at 5:53 p.m. Ja)ti R(CHARD S. KELLY, PRESID NT ATTEST: RACHELLE D. KLASSEN, ASSISTANT SECRETARY PALM DESERT FINANCING AUTHORITY 3