2025 06 17 FA Minutes Special MeetingFINANCING AUTHORITY MINUTES Page 1 of 2 JUNE 17, 2025
SPECIAL MEETING
FINANCING AUTHORITY
SPECIAL MEETING
MINUTES
TUESDAY, JUNE 17, 2025
CALL TO ORDER
A special meeting of the La Quinta Financing Authority was called to order at 8:55 p.m.
by Chairperson Evans.
PRESENT: Authority Members Fitzpatrick, Peña, McGarrey, Sanchez, Chair Evans
ABSENT: None
PLEDGE OF ALLEGIANCE
CONFIRMATION OF AGENDA – Confirmed
PUBLIC COMMENT – None
BUSINESS SESSION
1. ADOPT RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY TO
APPROVE THE FISCAL YEAR 2025/26 BUDGET [RESOLUTION NO. FA 2025-001]
The Authority waived presentation of the staff report, which is on file in the Clerk’s Office.
Mayor Evans noted the Authority’s fiscal year 2025/26 budget is $1,000 dollars to cover
the fee for the annual filing of a State Controller’s Report.
MOTION – A motion was made and seconded by Authority Members Sanchez/Fitzpatrick
to adopt Resolution No. FA 2025-001 of the La Quinta Financing Authority approving the
fiscal year 2025/26 La Quinta Financing Authority budget as presented:
A RESOLUTION OF THE FINANCING AUTHORITY OF THE CITY OF LA
QUINTA, CALIFORNIA, APPROVING FISCAL YEAR 2025/26 BUDGET
Motion passed unanimously.
FINANCING AUTHORITY MEMBERS' ITEMS – None
ADJOURNMENT
There being no further business, it was moved and seconded by Authority Members
McGarrey/Sanchez to adjourn at 8:56 p.m. Motion passed unanimously.
FINANCING AUTHORITY MINUTES Page 2 of 2 JUNE 17, 2025
SPECIAL MEETING
Respectfully submitted,
MONIKA RADEVA, Authority Secretary
La Quinta Financing Authority