2008 07 15 FA MinutesLA QUINTA FINANCING AUTHORITY
MINUTES
JULY 15, 2008
A regular meeting of the La Quinta Financing Authority was called to order
by Chairman Adolph.
PRESENT: Board Members Henderson, Kirk, Osborne, Sniff,
Chairman Adolph
ABSENT: None
PUBLIC COMMENT -None
CONFIRMATION OF AGENDA -Confirmed
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Sniff/Osborne to approve the
Financing Authority Minutes of June 17, 2008, as submitted. Motion carried
unanimously.
MOTION - It was moved by Board Members Sniff/Henderson to approve the
Financing Authority Special Meeting Minutes of June 19, 2008, as
submitted. Motion carried unanimously.
CONSENT CALENDAR
1. RECEIVE AND FILE THE TREASURER'S REPORT DATED MAY 30,
2008.
2. RECEIVE AND FILE THE REVENUE & EXPENDITURES REPORT DATED
MAY, AND INVESTMENT SUMMARY REPORT FOR THE QUARTER
ENDING JUNE 30, 2008.
MOTION - It was moved by Board Members Sniff/Osborne to approve
the Consent Calendar as recommended. Motion carried unanimously.
Financing Authority Minutes 2 July 15, 2008
BUSINESS SESSION
1. CONSIDERATION OF A RESOLUTION APPROVING THE FISCAL YEAR
2008/2009 LA QUINTA FINANCING AUTHORITY BUDGET.
RESOLUTION NO. FA 2008-001
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY
APPROVING A BUDGET FOR FISCAL YEAR 2008/2009.
It was moved by Board Members Sniff/Osborne to adopt Resolution
No. FA 2008-001 as submitted. Motion carried unanimously.
CHAIR AND BOARD MEMBERS' ITEMS -None
PUBLIC HEARINGS -None
ADJOURNMENT
There being no further business, it was moved by Board Members
Osborne/Sniff to adjourn. Motion carried unanimously.
Respectf submitted,
~~'~~
VERONICA J. NTECINO, City Clerk
City of La Quinta, California