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HomeMy WebLinkAbout2011-05-12MINUTES PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, MAY 12, 2011 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. President Benson convened the meeting at 3:04 p.m. II. ROLL CALL Present: Commissioner Cindy Finerty Commissioner Jan C. Harnik Commissioner William R. Kroonen Vice President Robert A. Spiegel President Jean M. Benson Also Present: John M. Wohlmuth, City Manager/RDA Executive Director David J. Erwin, City Attorney Justin McCarthy, ACM for Redevelopment Stephen Y. Aryan, Assistant to the City Manger 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 Bill Hunley, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Misty Reynolds, Admin. Sergeant, Palm Desert Police/Riverside Co. Sheriff's Dept. Grace L. Mendoza, Deputy City Clerk Upon a motion by Finerty, second by Spiegel, and unanimous vote of the Authority Board, President Benson adjourned the meeting to Closed Session of the City Council and Redevelopment Agency at 3:07 p.m. Vice President Spiegel reconvened the meeting at 4:03 p.m. III. CONSENT CALENDAR A. MINUTES of the Financing Authority Meeting of April 14, 2011. Rec: Approve as presented. MINUTES PALM DESERT FINANCING AUTHORITY MEETING MAY 12, 2011 B. REQUEST FOR AMENDMENT of the Palm Desert Statement of Investment Policy to Include Rabobank as an Authorized Depository (Joint Consideration with the Palm Desert City Council, Palm Desert Redevelopment Agency, and Palm Desert Housing Authority). Rec: By Minute Motion, approve the Palm Desert Statement of Investment Policy as presented. Upon a motion by Spiegel, second by Kroonen, 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 X. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION A. CHIEF ADMINISTRATIVE OFFICER None B. AUTHORITY COUNSEL None 2 MINUTES PALM DESERT FINANCING AUTHORITY MEETING MAY 12, 2011 C. PRESIDENT AND MEMBERS OF THE AUTHORITY None XI. ORAL COMMUNICATIONS - C None XII. ADJOURNMENT Upon a motion by Finerty, second by Spiegel, and 5 0 vote of the Authority Board, President Benson adjourned the meeting at 6:13 p.m. ATTEST: RA HELLS D KSSEN;'SECRETAR<( PALM DESERT FINANCING AUTHORITY ,MAN M. BENS PRESIDENT 3