HomeMy WebLinkAbout2003-03-13MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, MARCH 13, 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 Richard S. Kelly
Vice President Robert A. Spiegel
President Jean M. Benson
Excused Absence:
Commissioner Jim Ferguson
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
Amir Hamidzadeh, Director of Building & Safety
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
Michael Errante, Acting Director of Public Works/City Engineer
David Yrigoyen, Director of Redevelopment
Robert P. Kohn, Director of Special Programs
Vice President Spiegel moved to adjourn the meeting to Closed Session at 3:05 p.m.
Motion was seconded by Crites and carried by a 4-0 vote, with Commissioner Ferguson
ABSENT. President Benson reconvened the meeting at 4:00 p.m.
III. CONSENT CALENDAR
A. MINUTES of the Financing Authority Meeting of February 27, 2003.
Rec: Approve as presented.
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING MARCH 13, 2003
B. ANNUAL REVIEW and Approval of Statement of Investment Policy (Joint
Consideration with the Palm Desert City Council and the Palm Desert
Redevelopment Agency).
Rec: By Minute Motion, approve the City of Palm Desert's "Statement of
Investment Policy" for the Year 2003, as submitted by the
City Treasurer.
Upon motion by Kelly, second by Spiegel, the Consent Calendar was approved as
presented by a 4-0 vote, with Commissioner Ferguson ABSENT.
IV. CONSENT ITEMS HELD OVER
None
V. RESOLUTIONS
None
VI. NEW BUSINESS
None
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
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MINUTES
PALM DESERT FINANCING AUTHORITY MEETING MARCH 13, 2003
C. PRESIDENT AND MEMBERS OF THE AUTHORITY
None
XI. ADJOURNMENT
Commissioner Kelly moved to adjourn the meeting at 5:15 p.m. Motion was
seconded by Spiegel and carried by a 4-0 vote, with Commissioner Ferguson ABSENT.
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
PALM DESERT FINANCING AUTHORITY
M. BEN N, PRESIDENT
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