HomeMy WebLinkAbout2009-08-27MINUTES
PALM DESERT FINANCING AUTHORITY MEETING
THURSDAY, AUGUST 27, 2009
CIVIC CENTER COUNCIL CHAMBER
73510 FRED WARING DRIVE, PALM DESERT, CA 92260
I. CALL TO ORDER - 3:00 P.M.
President Spiegel convened the meeting at 3:00 p.m.
II. ROLL CALL
Present:
Commissioner Jean M. Benson
Commissioner Jim Ferguson
Vice President Cindy Finerty
Commissioner Richard S. Kelly
President Robert A. Spiegel
Also Present:
John M. Wohlmuth, City Manager/RDA Executive Director
David J. Erwin, City Attorney
Justin McCarthy, ACM for Redevelopment & Housing
Stephen Y. Aryan, Assistant to the City Manager
Rachelle D. Klassen, City Clerk
Bo Chen, City Engineer
Russell Grance, Director of Building & Safety
Lauri Aylaian, Director of Community Development
Paul S. Gibson, Director of Finance/City Treasurer
Janet M. Moore, Director of Housing
Mark Greenwood, Director of Public Works
Frankie Riddle, Director of Special Programs
Steve Brooker, Fire Marshal, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire
Bill Hunley, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire
Andrew Shouse, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept.
Grace L. Mendoza, Deputy City Clerk
With Authority Board concurrence, President Spiegel adjourned the meeting to
Closed Session of the City Council and Redevelopment Agency at 3:01 p.m. He
reconvened the meeting at 4:00 p.m.
MINUTES
PALM DESERT FINANCING AUTHORITY MEETING AUGUST 27, 2009
III. CONSENT CALENDAR
A. MINUTES of the Financing Authority Meeting of July 9, 2009.
Rec: Approve as presented.
Upon a motion by Finerty, second by Kelly, and 4-0 vote of the Authority Board, with
Benson ABSENT, the Consent Calendar was approved as presented.
IV. CONSENT ITEMS HELD OVER
None
V. RESOLUTIONS
None
VI. NEW BUSINESS
A. REQUEST FOR AUTHORIZATION TO PROVIDE FOR A SAFEKEEPING
SET -ASIDE FUND FOR THE PALM DESERT FINANCING AUTHORITY'S
ENERGY INDEPENDENCE PROGRAM VARIABLE RATE DEMAND LEASE
REVENUE BONDS, SERIES 2009 (FEDERALLY TAXABLE), IN
CONNECTION WITH DEVELOPER CLAIM AGAINST THE CITY, AND
APPROVAL OF RELATED DOCUMENTS (JOINT CONSIDERATION WITH
THE PALM DESERT CITY COUNCIL).
Councilman/Member Ferguson moved to waive further reading and adopt:
1) Financing Authority Resolution No. FA-65, supplementing Resolution No. FA-63 to
provide for a Safekeeping Set -aside Fund for its Energy Independence Program, Variable
Rate Demand Lease Revenue Bonds, Series 2009, in connection with developer claim
against City; approving related changes to certain documents in connection therewith; and
authorizing certain other matters relating thereto; 2) City Council Resolution No. 09-64,
supplementing Resolution No. 09-53 to provide for a Safekeeping Set -aside Fund for the
Palm Desert Financing Authority's Energy Independence Program, Variable Rate Demand
Lease Revenue Bonds, Series 2009; approving related changes to certain documents in
connection therewith, and authorizing certain other matters relating thereto. Motion was
seconded by Finerty and carried by a 5-0 vote.
Councilman/Member Kelly said he voted yes but didn't see the need,
because he didn't believe the City of Palm Desert would go broke.
VII. CONTINUED BUSINESS
None
2
MINUTES
' PALM DESERT FINANCING AUTHORITY MEETING AUGUST 27, 2009
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
C. PRESIDENT AND MEMBERS OF THE AUTHORITY
None
XI. ORAL COMMUNICATIONS - C
None
XII. ADJOURNMENT
Upon a motion by Ferguson, second by Finerty, and 4-0 vote of the Authority Board,
with Benson ABSENT, President Spiegel adjourned the meeting at 5:45 p.m.
ATTEST:
H LE D. LAS N, SECRETARY
PALM DESERT FINANCING AUTHORITY
Ui
ROBERT A. SPIEL, SIDENT
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