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Home My WebLink About2012-03-08 FA Regular Meeting Agenda POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING THURSDAY, MARCH 08, 2012 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. II. ROLL CALL Reports and documents relating to each of the following items listed on the agenda, including those received following posting/distribution, are on file in the Office of the City Clerk and are available for public inspection during normal business hours, Monday – Friday, 8:00 a.m. – 5:00 p.m., 73510 Fred Waring Drive, Palm Desert, CA 92260, telephone (760) 346-0611. III. CONSENT CALENDAR ALL MATTERS LISTED ON THE CONSENT CALENDAR ARE CONSIDERED TO BE ROUTINE AND WILL BE ENACTED BY ONE ROLL CALL VOTE. THERE WILL BE NO SEPARATE DISCUSSION OF THESE ITEMS UNLESS MEMBERS OF THE REDEVELOPMENT AGENCY OR AUDIENCE REQUEST SPECIFIC ITEMS BE REMOVED FROM THE CONSENT CALENDAR FOR SEPARATE DISCUSSION AND ACTION UNDER SECTION VII, CONSENT ITEMS HELD OVER, OF THE AGENDA. A. MINUTES of the Financing Authority Meeting of May 12, 2011. Rec: Approve as presented. Action: IV. CONSENT ITEMS HELD OVER V. RESOLUTIONS None VI. NEW BUSINESS POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING MARCH 8, 2012 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 HOUSING AUTHORITY). Rec: By Minute Motion, concur with the recommendation of the Audit, Investment & Finance Committee and adopt the Palm Desert Statement of Investment Policy, as amended. Action: VII. CONTINUED BUSINESS None VIII. OLD BUSINESS None IX. PUBLIC HEARINGS None X. REPORTS AND REMARKS A. CHIEF ADMINISTRATIVE OFFICER B. AUTHORITY COUNSEL C. PRESIDENT AND MEMBERS OF THE AGENCY XI. ORAL COMMUNICATIONS – C Any person wishing to discuss any item not scheduled for public hearing may address POSTED AGENDA PALM DESERT FINANCING AUTHORITY MEETING MARCH 8, 2012 the City Council, Successor Agency to the Palm Desert Redevelopment Agency, Housing Authority, or Financing Authority Boards at this point by stepping to the lectern and giving his/her name and address for the record. Remarks shall be limited to a maximum of three minutes unless additional time is authorized by the City Council, Successor Agency to the Palm Desert Redevelopment Agency, Housing Authority, or Financing Authority Boards. Because the Brown Act does not allow the City Council, Successor Agency to the Palm Desert Redevelopment Agency, Housing Authority, or Financing Boards to take action on items not on the Agenda, members will not enter into discussion with speakers but may briefly respond or instead refer the matter to staff for report and recommendation at a future City Council, Successor Agency to the Palm Desert Redevelopment Agency, Housing Authority, or Financing Authority meeting. XII. ADJOURNMENT I hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda for the Palm Desert Financing Authority was posted on the City Hall bulletin nd board not less than 72 hours prior to the meeting. Dated this 2 day of March, 2012. ______________________________ Rachelle D. Klassen, City Clerk � � ♦ PRELIMINARY MINUTES 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. II1. CONSENT CALENDAR A. MINUTES of the Financing Authority Meeting of April 14, 2011. Rec: Approve as presented. PRELIMINARY MINUTES PALM DESERT FINANCING AUTHORITY MEETING DRAFT 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 PRELIMINARY MINUTES PALM DESERT FINANCING AUTHORITY MEETING C. PRESIDENT AND MEMBERS OF THE AUTHORITY None XI. ORAL COMMUNICATIONS - C None XII. ADJOURNMENT DRAFT MAY 12, 2011 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. JEAN M. BENSON, PRESIDENT ATTEST: RACHELLE D. KLASSEN, SECRETARY PALM DESERT FINANCING AUTHORITY 3