HomeMy WebLinkAbout2004-05-13MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, MAY 13, 2004
CIVIC CENTER COUNCIL CHAMBER
I. CALL TO ORDER
President Spiegel convened the meeting at 3:03 p.m.
II. ROLL CALL
Present:
Commissioner Jean M. Benson
Vice President Buford A. Crites
Commissioner Ferguson arrived at 3:24 p.m. and left the meeting at 6:00 p.m.
Commissioner Richard S. Kelly arrived at 3:04 p.m.
President Robert A. Spiegel
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
Mark D. Greenwood, City Engineer
Amir Hamidzadeh, Director of Building & Safety
Philip Drell, Director of Community Development
Paul S. Gibson, Director of Finance/City Treasurer
Teresa L. La Rocca, Director of Housing
Michael J. Errante, Director of Public Works
David Yrigoyen, Director of Redevelopment
Robert P. Kohn, Director of Special Programs
Richard Twedt, Public Arts Manager
Upon motion by Crites, second by Benson, and 3-0 vote of the Authority Board
(Commissioners Ferguson and Kelly ABSENT), President Spiegel adjourned the meeting
to Closed Session of the City Council and Redevelopment Agency at 3:04 p.m. He
reconvened the meeting at 4:04 p.m.
Recesses were observed from 6:00 p.m. to 6:47 p.m., 9:05 p.m. to 9:08 p.m., and
9:30 p.m. to 9:38 p.m.
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING MAY 13, 2004
III. CONSENT CALENDAR
A. MINUTES of the Financing Authority Meeting of October 23, 2003.
Rec: Approve as presented.
Upon motion by Crites, second by Kelly, the Consent Calendar was approved as
presented by a 4-0 vote, with Commissioner Ferguson ABSENT.
IV. CONSENT ITEMS HELD OVER
None
V. RESOLUTIONS
A. RESOLUTION NO. FA-48 - A RESOLUTION OF THE PALM DESERT
FINANCING AUTHORITY, DECLARING ITS INTENTION TO ISSUE ITS
TAX ALLOCATION REFUNDING REVENUE BONDS (PROJECT AREA
NO. 1, AS AMENDED) 2004 SERIES A, AND ITS TAX ALLOCATION
REFUNDING REVENUE BONDS (PROJECT AREA NO. 2)2004 SERIES A,
AND APPOINTING AN UNDERWRITER.
Mr. Coleman reviewed the staff report and recommendation. He said this
would basically authorize sale and issuance of bonds for two project areas.
He added that this is a refunding of existing bonds from 1995.
Vice President Crites moved to waive further reading and adopt Resolution
No. FA-48. Motion was seconded by Kelly and carried by a 4-0 vote, with Commissioner
Ferguson ABSENT.
VI. NEW BUSINESS
None
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
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MINUTES
PALM DESERT FINANCING AUTHORITY MEETING MAY 13, 2004
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
Vice President Crites moved to adjourn the meeting at 11:39 p.m. Motion was
seconded by Kelly and carried by a 4-0 vote, with Commissioner Ferguson ABSENT.
ATTEST:
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RACHELLE D. KLASS N, SECRETARY'
PALM DESERT FINANCING AUTHORITY
ROBERTA. SPIE , E 1DENT
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