HomeMy WebLinkAbout2008-12-08MINUTES
ADJOURNED REGULAR MEETING OF THE
RIVERSIDE COUNTY PALM DESERT FINANCING AUTHORITY
MONDAY, DECEMBER 8, 2008 — 1:30 P.M.
NORTH WING CONFERENCE ROOM - PALM DESERT CIVIC CENTER
73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260
I. CALL TO ORDER
President Benson convened the meeting at 1:35 p.m.
II. ROLL CALL
Present:
Commissioner Dan Martinez (Alternate)
Commissioner Carlos Ortega
Vice President S. Roy Wilson
President Jean M. Benson
Excused Absence:
Commissioner Bill Luna
Also Present:
Justin McCarthy, ACM for Redevelopment, City of Palm Desert
Paul S. Gibson, Director of Finance/City Treasurer/Authority Treasurer
Rachelle D. Klassen, Secretary
III. ORAL COMMUNICATIONS
None
IV. CONSENT CALENDAR
A. MINUTES of the Adjourned Regular Riverside County Palm Desert Financing
Authority Meeting of October 24, 2008.
Rec: Approve as presented.
On a motion by Wilson, second by Benson, 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
DECEMBER 8, 2008
A. RESOLUTION NO. RCPDFA 6 — A RESOLUTION OF THE RIVERSIDE
COUNTY PALM DESERT FINANCING AUTHORITY, AUTHORIZING THE
INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND
OF THE STATE OF CALIFORNIA.
Commissioners noted that the Authority had sold some bonds; and in order
to have another option for investing their proceeds (LAIF), a resolution of the
Authority Commission Board was required.
Vice President Wilson moved to waive further reading and adopt Resolution
No. RCPDFA 6. Motion was seconded by Ortega and carried by 4-0 vote.
VII. CONTINUED BUSINESS
None
VIII. OLD BUSINESS
None
XI. REPORTS AND REMARKS
A. PRESIDENT
President Benson commented that this would be her last meeting to preside
over the Authority, as she would be stepping down from the position of
Mayor of the City of Palm Desert later this week. She was pleased to have
served while the various achievements were accomplished this year.
B. VICE PRESIDENT
Responding to question about the successful bidder for the new Sheriffs
Station being built in Palm Desert, Vice President Wilson said the County
awarded the contract to the low bidder; however, the second lowest was
now suing over it.
Commissioner Martinez added that the second lowest bidder would have to
go to court to prove his case; but the County was moving forward, as the
project was far too important to wait for any potential proceedings. If they
come to pass, they will be dealt with accordingly.
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MINUTES
ADJOURNED REGULAR MEETING OF THE
RIVERSIDE COUNTY PALM DESERT
FINANCING AUTHORITY
C. MEMBERS OF THE AUTHORITY
DECEMBER 8, 2008
Responding to Commissioner Ortega's question about where the bond
proceeds were being held currently, Commissioner Martinez answered that
they were being held by the Trustee, Wells Fargo.
D. STAFF
None
X. ADJOURNMENT
With Authority Commission Board concurrence, President Benson adjourned the
meeting at 1:40 p.m.
ATTEST:
RAC ELLE D. KLASSE , SECRETARY
RIVERSIDE COUNTY/PALM DESERT
FINANCING AUTHORITY
M. BENS O . PRESIDENT
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