HomeMy WebLinkAbout2003-02-27MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, FEBRUARY 27, 2003
CIVIC CENTER COUNCIL CHAMBER
I. CALL TO ORDER
President Benson convened the meeting at 3:02 p.m.
II. ROLL CALL
Present:
Commissioner Buford A. Crites
Commissioner Jim Ferguson arrived at 3:15 p.m.
Commissioner Richard S. Kelly
Vice President Robert A. Spiegel arrived at 3:21 p.m.
President Jean M. Benson
Also Present:
Carlos L. Ortega, City Manager/RDA Executive Director
David J. Erwin, City Attorney
Sheila R. Gilligan, ACM for Community Services
Homer Croy, ACM for Development Services
Justin McCarthy, ACM for Redevelopment
Rachelle D. Klassen, City Clerk
Phil Drell, Director of Community Development
Paul S. Gibson, Director of Finance/City Treasurer
Teresa L. La Rocca, Director of Housing
David Yrigoyen, Director of Redevelopment
Robert P. Kohn, Director of Special Programs
Mark Greenwood, Engineering Manager
Commissioner Kelly moved to adjourn to Closed Session of the City Council Meeting
Agenda at 3:04 p.m. Motion was seconded by Crites and carried by a 3-0 vote, with
Commissioner Ferguson and Vice President Spiegel ABSENT.
President Benson reconvened the meeting at 4:01 p.m.
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING FEBRUARY 27, 2003
III. CONSENT CALENDAR
A. MINUTES of the Financing Authority Meeting of December 12, 2002.
Rec: Approve as presented.
Upon motion by Spiegel, second by Crites, the Consent Calendar was approved as
presented by a 5-0 vote.
IV. CONSENT ITEMS HELD OVER
None
V. RESOLUTIONS
A. RESOLUTION NO. FA-41 - A RESOLUTION OF THE PALM DESERT
FINANCING AUTHORITY, AMENDING ITS RESOLUTION NO. FA-40,
AUTHORIZING THE SALE AND ISSUANCE OF ITS TAX ALLOCATION
REVENUE BONDS (PROJECT AREA NO. 2), 2003 SERIES A,
APPOINTING A TRUSTEE, AND APPROVING AS TO FORM AND
AUTHORIZING THE EXECUTION AND DELIVERY OF CERTAIN
DOCUMENTS IN CONNECTION WITH THE SALE AND ISSUANCE OF
SAID BONDS.
Redevelopment Finance Manager Dennis Coleman reviewed the staff report
and offered to answer any questions.
Vice President Spiegel moved to waive further reading and adopt Resolution
No. FA-41. Motion was seconded by Kelly and carried by a 5-0 vote.
VI. NEW BUSINESS
None
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
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MINUTES
PALM DESERT FINANCING AUTHORITY MEETING FEBRUARY 27, 2003
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. ORAL COMMUNICATIONS - C
None
XII. ADJOURNMENT
Upon motion by Spiegel, second by Crites, and a 5-0 vote of the Financing Authority
Board, President Benson adjourned the meeting at 7:47 p.m.
ATTEST:
R4CHELLE D. KLAS'EN, SECRETARY
PALM DESERT FINANCING AUTHORITY
M. BENSON, PRESIDENT
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