2013 06 18 FA MinutesFINANCING AUTHORITY
MINUTES
TUESDAY, JUNE 18, 2013
A regular meeting of the La Quinta Financing Authority was called to order at 6:57
p.m. by Chairperson Adolph.
PRESENT: Authority Members Evans, Franklin, Henderson, Osborne, Chair Adolph
ABSENT: None
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION — A motion was made and seconded by Authority Members Franklin/
Evans to approve the minutes of June 4, 2013 as submitted. Motion passed
unanimously.
CONSENT CALENDAR
1. TREASURER'S REPORT DATED APRIL 30, 2013
2. REVENUE AND EXPENDITURE REPORT DATED APRIL 30, 2013
3. RESOLUTION TO ADOPT THE INVESTMENT POLICY OF THE CITY OF LA
QUINTA FOR FISCAL YEAR 2013/2014 [RESOLUTION FA 2013 -0021
MOTION — A motion was made and seconded by Authority Members Evans/
Franklin to approve the Consent Calendar as recommended, with Item No. 3
adopting Resolution No. FA 2013 -002. Motion passed unanimously.
BUSINESS SESSION
1. RESOLUTION TO ADOPT THE FISCAL YEAR 2013/2014 LA QUINTA
FINANCING AUTHORITY BUDGET [RESOLUTION FA 2013 -0031
Authority Members waived the report presentation since Business Session Item No.
1 of the City Council meeting covered it.
MOTION — A motion was made and seconded by Agency Members Evans /Franklin
to adopt Resolution No. FA 2013 -003 with the correction to page 124, rental
income to read $673,400, not $671,400:
RESOLUTION NO. FA 2013 -003
RESOLUTION TO ADOPT THE FISCAL YEAR 2013/2014 LA QUINTA
FINANCING AUTHORITY BUDGET
Motion passed unanimously.
CHAIR AND BOARD MEMBERS' ITEMS — None
PUBLIC HEARINGS — None
ADJOURNMENT
There being no further business, it was moved by Authority Members Henderson/
Franklin to adjourn at 6:59 p.m. Motion passed unanimously.
Respectfully submitted,
SUSAN MAYSELS, Authority Secretary
La Quinta Financing Authority
FINANCE AUTHORITY MINUTES 2
June 18, 2013