1992 01 10 CC Minutes LA QUINTA CITY COUNCIL
MINUTES
JANUARY 10, 1992
Special meeting of the La Quinta City Council was called to order
at the hour of 11:00 A.M., Mayor pena presiding.
PRESENT. Council Members Franklin, Rushworth, Sniff, Mayor pena
ABSENT: Council Member Bohnenberger
Council adjourned to Closed Session pursuant to Government Code
Section 54956.9 to discuss pending litigation involving
International Treasury Management/Denman Co., et. al.
Council recessed Closed Session and reconvened to Special Session
and proceeded to conduct a press conference in which Mayor Pena and
Special Litigation Counsel, Kurt Yeager announced that a law suit
was filed on this date in Indio Superior Court against Steven
Wymer, Institutional Treasury Management, Inc., Denman & Company,
Refco Capital Corporation, Refco Securities, Inc. and Iowa Trust in
connection with the alleged misappropriation of funds from the City
of La Quinta by Mr. Wymer and his related entities.
QuestionS from the press and public were then fielded.
Council then adjourned to conclude the Closed Session pursuant to
Government Code Section 54956.9 to continue discussion of pending
litigation involving International Treasury Management/Denman &
Co., et. al.
Council reconvened and adjourned with no action being taken.
Re ectfully submitted,
DRAL.JU(-HOL,CitYClerk
City of La Quinta, California
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