1995 07 18 FA Minutesd_3 LA QUINTA FINANCING AUTHORITY
MINUTES
July 18, 1995
Meeting of the La Quinta Financing Authority was called to order by Chairman Pena.
PRESENT: Mrs. Bangerter, Mr. Cathcart, Mr. Perkins, Mr. Sniff, Chairman Pefia
ABSENT: None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUThS
MOTION It was moved by Mr. Sniff and seconded by Mr. Cathcart to approve the Financing
Authority Minutes of June 20, 1995 as submitted. Motion carried unanimously.
PUBLIC COMMENT None
BUSINESS SESSION
1. CO NS?ERATION OF ADOPTING RESOLUTION APPROVING THE HSCAL
YEAR 1995/96 BUDGET.
RESOLUTION NO.95-02
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY APPROVING
A BUDGET FOR FISCAL YEAR 1995/%.
It was moved by Mrs. Bangerter and seconded by Mr. Sniff to adopt Resolution No.95-
02 as submitted. Motion carried unanimously.
CONSENT CALENDAR None
DEPARTMENT REPORTS None
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d_3 Financing Authority Minutes 2 July 18, 1995
CHAIR AND BOARD MEMBERS' ITEMS
Board Member Perkins expressed his continuing concern about the commingling of City and
Agency funds and asked for a breakdown on how these funds are handled and why. He advised
that he's very uncomfortable with the current manner in which these funds are handled.
PUBLIC HEARINGS None
MOTION It was moved by Board Members SnifflCathcart to adjourn. Motion carried
unanimously.
AUNDRA L. J HOLA, Secretary
La Quinta Financing Authority
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