1996 07 22 FA Minutesd_9 LA QUINTA FINANCING AUTHORITY
MINUTES
JULY22, 1996
Regular meeting of the La Quinta Financing Authority was called to order by
Chairwoman Holt.
PRESENT: Board Members Adolph, Henderson, Perkins, Sniff, Chairwoman Holt
ABSENT: None
PUBLIC COMMENT None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Sniff/Adolph to approve the Minutes of
February 6, 1996. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF ADOPTION OF RESOLUTION APPROVING THE FISCAL
YEAR 1996/97 BUDGET.
RESOLUTION NO. FA96-O1
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY ADOPTING A
BUDGET FOR FISCAL YEAR 1996/97.
It was moved by Board Members Sniff/Adolph to adoption Resolution No.
FA96-O1 as submitted. Motion carried unanimously.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURY REPORT DATED MAY 31, 1996.
2. ADOPTION OF RESOLUTION ADOPTING THE INVESTMENT POLICY OF THE
CITY OF LA QUINTA FOR FISCAL YEAR 1996/97.
MOTION It was moved by Board Members Sniff/Adolph to approve the
BIB]
04-06-1999-U01
10:03:13AM-U01
FAMIN-U02
07-U02
22-U02
1996-U02
d_9 consent Calendar as recommended with Item No.2 being approved by
RESOLUTION NO. FA96-02. Motion carried unanimously.
DEPARTMENT REPORTS
1. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED MAY
31, 1996.
MOTION It was moved by Board Members Sniff/Adolph to receive and file
the Revenue and Expenditures Report dated May 31, 1996. Motion carried
unanimously.
CHAIR AND BOARD MEMBERS' ITEMS None
PUBLIC HEARINGS None
There being no further business the meeting was adjourned.
submitted,
City of La Quinta, California
BIB]
04-06-1999-U01
10:03:13AM-U01
FAMIN-U02
07-U02
22-U02
1996-U02