2003 08 05 FA Minutes LA QUINTA 'FINANCING AUTHORITY
MINUTES
AUGUST 5, 2003 called
A regular meeting of the La Quinta Financing Authority was to order
by Chairman Adolph. .,
PRESENT: Board Members Henderson, Osborne, Perkins, Sniff, Chairman
Adolph
ABSENT: None
The Financing Authority convened in joint session with the City Council and
the Redevelopment Agency for the purpose of considering Financing
Authority Business Item No. 1, City Council Business Item No. 8, and
Redevelopment Agency Business Item No. 3.
BUSINESS SESSION
1. CONSIDERATION OF ADOPTION OF A RESOLUTION OF THE
LA QUINTA FINANCING AUTHORITY 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.
RESOLUTION NO. FA 2003-03
A RESOLUTION OF THE 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.
It was moved by Board Members Sniff/Henderson to adopt Resolution
No. FA 2003-03 as submitted. Motion carried unanimously.
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
Financing Authority Minutes 2 August 5, 2003
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Henderson/Sniff to approve the
Financing Authority Minutes of July 22, 2003 as submitted. Motion carried
unanimously.
CONSENT CALENDAR - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Board Members
Sniff/Henderson to adjourn. Motion carried unanimously.
Respectfully submitted,
JUNE S. GREEK, City Clerk
City of La Quinta, California