HomeMy WebLinkAbout2026 06 16 FA Minutes Special MeetingFINANCING AUTHORITY
SPECIAL MEETING
MINUTES
TUESDAY, JUNE 16, 2026
CALL TO ORDER
A special meeting of the La Quinta Financing Authority was called to order at 6:34 p.m.
by Chairperson Evans.
PRESENT: Authority Members Fitzpatrick, McGarrey, Pena, Sanchez, and Chair Evans
ABSENT: None
PLEDGE OF ALLEGIANCE
Authority Member McGarrey led the audience in the Pledge of Allegiance, which was
conducted during the concurrent Council meeting.
PUBLIC COMMENT ON MATTERS NOT ON THE AGENDA — None
CONFIRMATION OF AGENDA — Confirmed
CONSENT CALENDAR
1. APPROVE ESTABLISHMENT OF AN INVESTMENT ACCOUNT WITH THE
CALIFORNIA COOPERATIVE LIQUID ASSETS SECURITIES SYSTEM
MOTION — A motion was made and seconded by Authority Members Fitzpatrick/Sanchez
to approve the Consent Calendar as presented. Motion passed unanimously.
BUSINESS SESSION
1. ADOPT RESOLUTION TO APPROVE FISCAL YEAR 2026/27 LA QUINTA
FINANCING AUTHORITY BUDGET [RESOLUTION NO. FA2026-001]
Principal Management Analyst Hallick presented the staff report, which is on file in the
Clerk's Office.
MOTION — A motion was made and seconded by Authority Members Fitzpatrick/Sanchez
to adopt Resolution No. FA 2026-001 approving fiscal year 2026/27 La Quinta Financing
Authority Budget as presented. Motion passed unanimously.
STUDY SESSION — None
FINANCING AUTHORITY MEMBERS' ITEMS — None
FINANCING AUTHORITY MINUTES
SPECIAL MEETING
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ADJOURNMENT
There being no further business, it was moved and seconded by Authority Members
Pena/McGarrey to adjourn at 6:38 p.m. Motion passed unanimously.
Respectfully submitted,
MONIKA RADEVA, Authority Secretary
La Quinta Financing Authority
FINANCING AUTHORITY MINUTES
SPECIAL MEETING
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