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1996 07 22 FAing -> 105,o 4 La Quinta Financing Authority Agenda CITY COUNCIL CHAMBER 78-495 Calle Tampico La Quinta, California 92253 Regular Meeting July 22, 1996 3:00 P.M. CALL TO ORDER Beginning Res. No. FA 96-01 a. Roll Call PUBLIC COMMENT CONFIRMATION OF AGENDA APPROVAL OF MINUTES a. Approval of Minutes of February 6, 1 996. PUBLIC COMMENT BUSINESS SESSION 1. CONSIDERATION OF ADOPTION OF RESOLUTION APPROVING THE FISCA? YEAR 1996/97 BUDGET. A) RESOLUTION ACTION. BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105,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. DEPARTMENT REPORTS 1. TRANSMITTAL OF REVENUE AND EXPENDITURES REPORT DATED MAY31, 1996. CHAIR AND BOARD MEMBERS' ITEMS PUBLIC HEARINGS None ADJOURNMENT DECLARATION OF POSTING I, SAUNDRA L. JUHOLA, Secretary of the La Quinta Financing Authority, do hereby declare that the foregoing agenda for the La Quinta Financing Authority meeting of July 22, 1996 was posted on the outside entry to the Council Chamber, 78-495 CaIle Tampico and on the bulletin board at the La Quinta Chamber of Commerce on Friday, July 19, 1996. Da d: July 19, 1996. La Quinta Financing Authority Page 2 BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, AGENDA CATEGORY: BUSINESS SESSION: COUNCIL?DA MEETING DATE: July 22,1996 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: Consideration of Adopting Resolution PUBLIC HEARING: approving the Fiscal Year 1996-97 La Quinta Financing Authority Budget RECOMMENDATION: Adopt Resolution approving Fiscal Year 1996-97's Proposed Budget and receive and file the Five Year Resource Allocation Plan. FISCAL IMPLICATIONS: All Fiscal Year 1996-97 revenues, operational appropriations and capital project funding are included in the Proposed Fiscal Year 1996-97 City of La Quinta Budget. BACKGROUND AND OVERVIEW: See City Council Staff Report Thomas P. Genovese Executive Director 0d3 BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, AGENDA CATEGORY: July 22, 1 996 BUSINESS SESSION: COUNCIL/RDA MEETING DATE: h CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: Transmittal of Treasurer's Report PUBLIC HEARING: as of May31, 1996 RECOMMENDATION: Receive and file. BACKGROUND AND OVERVIEW: Transmittal of Treasurer's Report dated May 31, 1996 for the La Quinta Financing Authority. FINDINGS AND ALTERNATIVES: I certify that this report accurately reflects all pooled investments and is in compliance with California Government Code Section 53645 as amended 1/1/86; and is in conformity with City Code 3.08.010 to 3.08.070 Investment of Money and Funds. I hereby certify that sufficient investment liquidity and anticipated revenues are available to meet next month's estimated expenditures. G BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105 ,S AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: July 22, 1996 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC HEARING: Approval of a Resolution of the La Quinta Financing Authority of the City of La Quinta, California Adopting the Investment Policy of the City of La Quinta for Fiscal Year 1 996/97 RECOMMENDATION: Approve the resolution of the La Quinta Financing Authority of the City of La Quinta, California adopting the Investment Policy of the City of La Quinta for Fiscal Year 1996/97. FISCAL IMPLICATIONS: None BACKGROUND AND OVERVIEW: On June 20, 1 996 the City Council took action to approve a Resolution of the City of La Quinta, California adopting the Investment Policy of the City of La Quinta for Fiscal Year 1 996/97. The actions on that date extended to both the City of La Quinta and La Quinta Redevelopment Agency. This resolution would apply to the La Quinta Financing Authority and is being presented at the first business meeting in July. FINDINGS AND ALTERNATIVES: Options available to the Financing Authority include: 1. Approve the Resolution of the La Quinta Financing Authority of the City of La Quinta Adopting the Investment Policy for Fiscal Year 1 996/97; BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105 , NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105!, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105", NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105#, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105$, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105%, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105&, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105', NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105(, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105), NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105*, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105+, %Af AGENDA CATEGORY: BUSINESS SESSION: COUNCILIRDA MEETING DATE: July 22? 1 996 CONSENT CALENDAR: ITEM TITLE: STUDY SESSION: PUBLIC IIEARING: Transmittal of Revenue and Expenditures Report dated May31, 1996 RECOMMENDATION: Receive and File BACKGROUND AND OVERVIEW: Transmittal of the May 31, 1996 Statement of Revenue and Expenditures for the La Quinta Financing Authority. 43 BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02 ing -> 105,, NOTEXTPAGE BIB] 07-12-1999-U01 11:41:42AM-U01 ADMIN-U01 FA-U02 07-U02 22-U02 1996-U02