HomeMy WebLinkAbout2005-11-10MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, NOVEMBER 10, 2005
CIVIC CENTER COUNCIL CHAMBER
I. CALL TO ORDER
President Crites convened the meeting at 3:00 p.m.
II. ROLL CALL
Present:
Commissioner Jean M. Benson
Vice President Jim Ferguson
Commissioner Richard S. Kelly
Commissioner Robert A. Spiegel
President Buford A. Crites
Also Present:
Carlos L. Ortega, City Manager/RDA Executive Director
David J. Erwin, City Attorney (arrived at 5:00 p.m.)
Robert W. Hargreaves, Deputy City Attorney (present from 3:00 p.m. - 5:00 p.m.)
Sheila R. Gilligan, ACM for Community Services
Homer Croy, ACM for Development: Services
Justin McCarthy, ACM for Redevelopment
Stephen Y. Aryan, Assistant to the City Manager
Rachelle D. Klassen, City Clerk
Amir Hamidzadeh, Director of Building & Safety
Phil Drell, Director of Community Development
Paul S. Gibson, Director of Finance/City Treasurer
Michael J. Errante, Director of Public Works
David Yrigoyen, Director of Redevelopment & Housing
Walt Holloway, Battalion Chief, Palm Desert/Riverside County Fire Dept./CDF
Steve Thetford, Asst. Chief, Palm Desert Police/Riverside Co. Sheriffs Dept.
Grace L. Mendoza, Deputy City Clerk
With Authority Board concurrence, President Crites adjourned the meeting to
Closed Session of the City Council and Redevelopment Agency at 3:03 p.m. He
reconvened the meeting at 4:00 p.m.
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING NOVEMBER 10, 2005
III. CONSENT CALENDAR
A. MINUTES of the Financing Authority Meeting of July 14, 2005.
Rec: Approve as presented.
B. REQUEST FOR APPROVAL of Successor Trustee (Contract No. C24550)
(Joint Consideration with the Palm Desert City Council and the
Palm Desert Redevelopment Agency).
Rec: By Minute Motion, terminate the City's trust relationship with Bank of
New York and approve Wells Fargo & Company as a successor
trustee for a five-year term, commencing January 1, 2006.
Upon a motion by Kelly, second by Ferguson, and 5-0 vote of the Authority Board.
the Consent Calendar was approved as presented.
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
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MINUTES
PALM DESERT FINANCING AUTHORITY MEETING NOVEMBER 10, 2005
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
With Authority Board concurrence, President Crites adjourned the meeting at
7:12 p.m.
ATTEST:
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RACHELLE b. KLASSE4, SECRETARY
PALM DESERT FINANCING AUTHORITY
BUFORDA. CRITES, PRESIDENT
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