2018 07 18 FAC Minutes
FINANCIAL ADVISORY COMMISSION
MINUTES
WEDNESDAY, JULY 18, 2018
CALL TO ORDER
A special meeting of the La Quinta Financial Advisory Commission was called to order at
4:00 p.m. by Chairperson Batavick.
PRESENT: Commissioners Johnson, Lopez, Mills, Rosen, Turbow, Twohey, and
Chairperson Batavick
ABSENT: None
PLEDGE OF ALLEGIANCE
Commissioner Turbow led the audience in the pledge of allegiance.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA – None
CONFIRMATION OF AGENDA
Finance Director Campos said she would provide an update of Council’s discussion
regarding the Commission’s membership at the July 17, 2018, meeting.
Chairperson Batavick said he would pull Consent Calendar Item No. 1 for a separate vote.
The Commission concurred.
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS - None
CONSENT CALENDAR ITEMS
1. APPROVE FINANCIAL ADVISORY COMMISSION MINUTES DATED
JUNE 13, 2018
Finance Director Campos said that the word “Staff’s” should be replaced with “City’s” on
line 2 of the motion on Business Session Item No. 4, page No. 3; the motion shall be
amended to read:
“Motion – A motion was made and seconded by Commissioners Johnson/Lopez
recommending Council approval of City’s participation in the California Asset
Management Program. Motion passed: ayes 6, absent 1 (Commissioner
Rosen).”
Motion – A motion was made and seconded by Commissioners Lopez/Johnson to approve
Consent Calendar Item No. 1, as amended. Motion passed unanimously.
2. RECEIVE AND FILE REVENUE AND EXPENDITURE REPORTS DATED
APRIL 30, 2018
Motion – A motion was made and seconded by Commissioners Johnson/Lopez to receive
and file Consent Calendar Item No. 2, as recommended. Motion passed unanimously.
STUDY SESSION – None
BUSINESS SESSION
1. APPROVE SILVERROCK EVENT SITE – PHASE 1 ENHANCED PLAN
Finance Director Campos, Community Resources Director Escobedo, and Planning
Manager Perez, presented the staff report, which is on file in the Finance Department.
Commissioner Turbow provided the Commission with an update on the proceedings of
the June 26, 2018, Planning Commission meeting, which he attended.
The Commission discussed the upcoming SilverRock Event Site Ad-hoc Committee
meeting; selection of Ad-hoc Committee members; use of Measure G funds and potential
funding sources; ten-year financial projections; marketing ideas for the event site; and
fee structure for the venue.
The Commission recommended that Commissioner Mills attend the July 30, 2018,
SilverRock Event Site Ad-hoc Committee and August 7, 2018, City Council meetings, in
representation of the Commission.
Motion – A motion was made and seconded by Commissioners Johnson/Rosen
recommending Council approval of the SilverRock Event Site – Phase 1 Enhanced Plan.
Motion passed unanimously.
2. APPOINT FINANCIAL ADVISORY COMMISSION CHAIRPERSON AND
VICE-CHAIR FOR FISCAL YEAR 2018/19
Commissioner Batavick presented the staff report, which is on file in the Finance
Department.
Commissioner Batavick recommended Commissioner Mills for Chairperson and
Commissioner Twohey for Vice-Chairperson.
Motion – A motion was made and seconded by Commissioners Rosen/Lopez to appoint
Commissioners Mills and Twohey, to serve as Commission Chairperson and Vice-
Chairperson, respectively, for fiscal year 2018/19. Motion passed unanimously.
DEPARTMENTAL REPORTS
Finance Director Campos gave a verbal update on Council’s discussion regarding possibly
expanding the Commission membership from seven to nine; an overview of the selection
process; and possible duty expansion.
CORRESPONDENCE AND WRITTEN MATERIAL – None
COMMISSIONERS’ ITEMS
The Commission requested an update on the annual membership dues for the
Jacqueline Cochran Regional Airport Authority and anything that can be disclosed
regarding the SilverRock Resort project at the next Commission meeting.
ADJOURNMENT
There being no further business, it was moved and seconded by Commissioners
Lopez/Rosen to adjourn this meeting at 4:55 p.m. Motion passed unanimously.
Respectfully submitted,
Jessica Delgado, Management Assistant
City of La Quinta, California