2002 05 07 FA Minutes LA QUINTA FINANCING AUTHORITY
MINUTES
MAY 7, 2002
A meeting of the La Quinta Financing Authority was called to order by Chairman Pe~a.
PRESENT: Board Members Adolph, Henderson, Perkins, Sniff, Chairman Pe6a
ABSENT: None
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed /.
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Henderson/Adolph to approve!the Minutes
of April 16, 2002, as submitted. Motion carried unanimously.
CONSENT CALENDAR - None
BUSINESS SESSION
The Financing Authority recessed into joint session with the City Council and the
Redevelopment Agency to consider Item No. 1.
1. CONSIDERATION OF A RESOLUTION AUTHORIZING THE EXECUTION AND
DELIVERY OF A PURCHASE CONTRACT BY AND AMONG THE LA QUINTA
REDEVELOPMENT AGENCY, THE LA QUINTA FINANCING AUTHORITY, AND
WEDBUSH MORGAN SECURITIES.
Finance Director Falconer presented the staff report.
Board Member Adolph asked if the bond expenses are expected to be higher
than last year's bonds, to which Mr. Falconer responded NO.
RESOLUTION NO. FA 2002-01
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY OF THE CITY OF
LA QUINTA, CALIFORNIA, AUTHORIZING THE EXECUTION AND DELIVERY OF
A PURCHASE CONTRACT BY AND AMONG THE LA QUINTA
REDEVELOPMENT AGENCY, THE LA QUINTA FINANCING AUTHORITY, AND
WEDBUSH MORGAN SECURITIES.
Financing Authority Minutes 2 May 7, 2002
It was moved by Board Members Henderson/Perkins to adopt Resolution No. FA
2002-01 as submitted. Motion carried unanimously.
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Board Members Sniff/Adolph to
adjourn the meeting. Motion carried unanimously.
Respectfully submitted,
JUNE S. GREEK, Secretary
La Quinta Financing Authority