1998 02 17 FA Minutesd_Q LA QUINTA FINANCING AUTHORITY
MINUTES
FEBRUARY 17, 1998
Meeting of the La Quinta Financing Authority was called to order by Chairman Pens.
PRESENT: Board Members Adolph, Henderson, Perkins, Sniff, Chairman Pens
ABSENT: None
PUBLIC COMMENT None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Sniff/Adolph to approve the Financing
Authority Minutes of December 16, 1997 as submitted. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF AUTHORIZATION TO PROCEED WITH THE REFUNDING
OF TWO LA QUINTA REDEVELOPMENT AGENCY BOND ISSUES: THE 1991
PROJECT NO.1 BONDS AND THE 1992 PROJECT NO.2 BONDS.
There were no changes to the staff report as submitted to the Financing
Authority from the Finance Department and on file in the City Clerk's
Department.
MOTION It was moved by Board Members Perkins/Henderson to authorize
staff and the bond refunding team to proceed forward and refund the 1 991
Project No.1 and the 1992 Project No.2 Tax Allocation Bonds. Motion carried
unanimously.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED DECEMBER31, 1997.
MOTION It was moved by Board Members Sniff/Adolph to receive and file the
Treasurer's Report dated December 31, 1997. Motion carried unanimously.
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d_QFinancing Authority Minutes 2 February 17, 1998
DEPARTMENT REPORTS
1. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED DECEMBER
31, 1997.
MOTION It was moved by Board Members Sniff/Perkins to receive and file the
Revenue & Expenditures Report dated December 1, 1997. Motion carried
unanimously.
CHAIR AND BOARD MEMBERS? ITEMS None
PUBLIC HEARINGS None
There being no further business, it was moved by Board Members Adolph/Perkins to
adjourn the meeting.
Res ectfully submitted,
SAUNDRA??
L. JUHOLA, Secretary
La Quinta Financing Authority
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