2014 03 19 OB MinutesOVERSIGHT BOARD
OF THE SUCCESSOR AGENCY TO THE
LA QUINTA REDEVELOPMENT AGENCY
MINUTES
WEDNESDAY, MARCH 19, 2014
A meeting of the Oversight Board of the Successor Agency to the La Quinta
Redevelopment Agency was called to order at 2:00 p.m. by Chairperson Pena.
PRESENT: Board Members Maysels, McDaniel, Nelson, Osborne,
Chair Pena.
ABSENT: Board Members Howell and Marshall.
STAFF PRESENT: Frank J. Spevacek, Executive Director of the Successor Agency,
Kathy Jenson, City Attorney
PUBLIC COMMENT - None
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APPROVAL OF MINUTES
Motion — A motion was made by Board Members Maysels/McDaniel to approve the
Oversight Board Minutes of January 22, 2014, as submitted. Motion passed
Motion — A motion was made by Board Members Maysels/McDaniel to approve the
Oversight Board Minutes of February 19, 2014, as submitted. Motion passed
BUSINESS SESSION
1. RESOLUTION APPROVING ISSUANCE AND SALE OF SUBORDINATE TAX
ALLOCATION REFUNDING BONDS
RESOLUTION NO. OB 2014 - 005
RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY TO THE LA QUINTA
REDEVELOPMENT AGENCY APPROVING THE ISSUANCE
AND SALE OF TAX ALLOCATION REFUNDING BONDS
BY THE SUCCESSOR AGENCY TO THE LA QUINTA
REDEVELOPMENT AGENCY AND AUTHORIZING
CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH
MOTION — A motion was made by Board Members Nelson/Osborne to adopt
Resolution No. OB 2014-005. Motion passed 5 ayes, 0 noes, 2 absent.
REPORTS AND INFORMATION ITEMS - None
ADJOURNMENT
There being no further business, it was moved by Board Members Maysels/Nelson
to adjourn this meeting at 2:20 p.m. Motion passed unanimously.
Respectfully submitted,
Pam Nieto
Oversight Board Secretary
OVERSIGHT BOARD MEETING 2 February 19, 2014