HomeMy WebLinkAbout2012-03-08MINUTES
PALM DESERT HOUSING AUTHORITY MEETING
THURSDAY, MARCH 8, 2012
CIVIC CENTER COUNCIL CHAMBER
73510 FRED WARING DRIVE, PALM DESERT, CA 92260
I. CALL TO ORDER - 3:00 P.M.
Chairman Spiegel convened the meeting at 3:02 p.m.
II. ROLL CALL
Present:
Member Jean M. Benson
Member Cindy Finerty
Member Jan C. Harnik
Vice Chairman William R. Kroonen
Chairman Robert A. Spiegel
Also Present:
John M. Wohlmuth, City Manager
David J. Erwin, City Attorney
Justin McCarthy, Assistant City Manager
Rachelle D. Klassen, City Clerk
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
Stephen Y. Aryan, Risk Manager
Bill Hunley, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire
William Sullivan, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept.
Grace L. Mendoza, Deputy City Clerk
On a motion by Kroonen, second by Finerty, and 5-0 vote of the Authority Board,
Chairman Spiegel adjourned the meeting to Closed Session of the City Council at
3:03 p.m. He reconvened the meeting at 4:00 p.m.
III. CONSENT CALENDAR
A. MINUTES of the Housing Authority Meeting of February 23, 2012.
Rec: Approve as presented.
MINUTES
PALM DESERT HOUSING AUTHORITY MEETING MARCH 8, 2012
B. CLAIMS AND DEMANDS AGAINST THE AUTHORITY TREASURY -
Warrant Nos. 189-Housing, 194-Housing, 190HA, and 195HA.
Rec: Approve as presented.
Upon a motion by Finerty, 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
A. REQUEST FOR ADOPTION OF THE PALM DESERT STATEMENT OF
INVESTMENT POLICY AS AMENDED (JOINT CONSIDERATION WITH
THE PALM DESERT CITY COUNCIL, SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY, AND PALM DESERT
FINANCING AUTHORITY).
Deputy City Treasurer Thomas Jeffrey stated staff was requesting two
amendments, the first substitutes the "RDA -Successor Agency, Palm Desert"
for the former "Palm Desert Redevelopment Agency." The second request
is to increase the concentration limit for local agency investment pools from
30% to 50%. Due to the elimination of the Redevelopment Agency, the
arithmetic changed on how it's calculated.
Councilmember/Director/Member/Commissioner Finerty stated it was
wonderful that the City is allowed to earn more than 50% than what it's
currently earning in interest income.
Councilmember/Director/Member/Commissioner Finerty moved to, by Minute
Motion, concur with the recommendation of the Audit, Investment & Finance Committee
and adopt the Palm Desert Statement of Investment Policy, as amended. Motion was
seconded by Kroonen and carried by a 5-0 vote.
VII. CONTINUED BUSINESS
None
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MINUTES
PALM DESERT HOUSING AUTHORITY MEETING MARCH 8, 2012
VIII. OLD BUSINESS
None
IX. PUBLIC HEARINGS
None
X. REPORTS, REMARKS, AND AUTHORITY BOARD ITEMS REQUIRING ACTION
A. EXECUTIVE DIRECTOR
None
B. AUTHORITY COUNSEL
None
C. CHAIRMAN AND MEMBERS OF THE AUTHORITY
None
XI. ADJOURNMENT
Upon a motion by Kroonen, second by Finerty, and 5-0 vote of the Authority Board,
Chairman Spiegel adjourned the meeting at 5:40 p.m.
ATTEST:
RAC iEL D. KLASSE(CRETARY�
PALM DESERT HOUSING AUTHORITY
,46,9
ROBERTA. SPIE AIRMAN
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