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HomeMy WebLinkAboutPrelim - HA - 03/08/2012PRELIMINARY MINUTES 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. PRELIMINARY MINUTES DRAFT 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 2 PRELIMINARY MINUTES PALM DESERT HOUSING AUTHORITY MEETING VI11. OLD BUSINESS None IX. PUBLIC HEARINGS None DRAFT MARCH 8, 2012 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: RACHELLE D. KLASSEN, SECRETARY PALM DESERT HOUSING AUTHORITY ROBERTA. SPIEGEL, CHAIRMAN K