HomeMy WebLinkAbout2007-04-09MINUTES
ADJOURNED REGULAR MEETING
RIVERSIDE COUNTY PALM DESERT FINANCING AUTHORITY
MONDAY, APRIL 9, 2007 — 10:30 A.M.
NORTH WING CONFERENCE ROOM - PALM DESERT CIVIC CENTER
73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260
I. CALL TO ORDER
Commissioner Ortega convened the meeting at 10:33 a.m.
II. ROLL CALL
Present:
Commissioner Dan Martinez (Alternate)
Commissioner Carlos L. Ortega
Vice President S. Roy Wilson
President Richard S. Kelly
Excused Absence:
Commissioner Larry Parrish
Also Present:
Justin McCarthy, ACM for Redevelopment, City of Palm Desert
Paul S. Gibson, Director of Finance/City Treasurer/Authority Treasurer
Rachelle D. Klassen, City Clerk/Authority Secretary
III. ORAL COMMUNICATIONS
None
IV. CONSENT CALENDAR
A. MINUTES of the Riverside County Palm Desert Financing Authority
Adjourned Regular Meeting of January 8, 2007.
Rec: Approve as presented.
Upon a motion by Kelly, second by Wilson, and 4-0 vote of the Authority
Commission Board, the Consent Calendar was approved as presented.
V. CONSENT ITEMS HELD OVER
None
MINUTES
ADJOURNED REGULAR MEETING OF THE
RIVERSIDE COUNTY PALM DESERT
FINANCING AUTHORITY
VI. NEW BUSINESS
APRIL 9, 2007
A. REQUEST FOR APPROVAL OF THE TRANSFER OF COUNTY OF
RIVERSIDE - PALM DESERT REDEVELOPMENT AGENCY PASS -
THROUGH FUNDS TO THE COUNTY GENERAL FUND FOR PROPERTY
PURCHASE.
Commissioner Martinez pointed out that the request represented a portion
of the total funds necessary for the County's purchase of the Workforce
Development Building in Indio. The current balance of the County Pass -
through account with Palm Desert was $11.4 million; after the requested
transfer, it would be $6.4 million.
Vice President Wilson moved to, by Minute Motion, approve the transfer of
$5 million in County/Palm Desert Redevelopment Pass -through Funds to the County
General Fund for partial funding of the County's purchase of the Workforce Development
Building located on Monroe Avenue in Indio, California. Motion was seconded by Kelly and
carried by a 4-0 vote.
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
XI. REPORTS AND REMARKS
A. PRESIDENT
B. VICE PRESIDENT
C. MEMBERS OF THE AUTHORITY
Responding to Mr. Gibson's question about status of the new Sheriffs
Station project relative to the next bond issue, Commissioner Martinez said
County officials were still in the process of negotiating purchase of a 10-acre
site from the City. Once that was completed, they would be able to move
forward with the bond issue, now tentatively planned for mid- to late May. He
noted current total bonding capacity was around $79 million. The Sheriffs
Station was expected to cost $35 million, and there were one or two other
projects from the approved list that would also be ready to bond at this time
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MINUTES
ADJOURNED REGULAR MEETING OF THE
RIVERSIDE COUNTY PALM DESERT
FINANCING AUTHORITY
APRIL 9, 2007
totaling another approximately $10 million. He has already alerted all the
appropriate County officials in order for the process to go smoothly.
D. STAFF
None
X. ADJOURNMENT
With no further business or discussion, and Authority Commission Board
concurrence, the meeting was adjourned at 10:38 a.m.
ATTEST:
R UHELLL= D. KLASSE :ECRETARY
RIVERSIDE COUNTY PALM DESERT
FINANC!NG AUTHORITY
g141/1/( 7.A46
ARD S. KELL , PRESIC NT
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