2002 05 07 FA Financing Authority
Agenda
City Council Chamber
78-495 Calle Tampico
La Quinta, California 92253
A SPECIAL MEETING
Tuesday, May 7, 2002
3:00 PM
Beginning Res. No. FA 2002-01
CALL TO ORDER
ROLL CALL
Board Members: Adolph, Henderson, Perkins, Sniff, Chairman PeSa
PUBLIC COMMENT
At this time, members of the public may address the Finance Authority on any matter
not listed on the agenda or scheduled for public hearing. Please complete a "request
to speak" form and limit your comments to three minutes.
For all Public Hearings on the agenda, a completed "request to speak" form must be
filed with the City Clerk prior to the Council beginning consideration of that item.
Please watch the timing device on the podium.
CONFIRMATION OF AGENDA
APPROVAL OF MINUTES
1. MINUTES OF THE MEETING OF APRIL 16, 2002
CONSENT CALENDAR - None
BUSINESS SESSION
1. CONSIDERATION OF A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY
OF A PURCHASE CONTRACT BY AND AMONG THE LA QUINTA REDEVELOPMENT
AGENCY, THE LA QUINTA FINANCING AUTHORITY AND WEDBUSH MORGAN
SECURITIES
A. RESOLUTION ACTION
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT -Adjourn to a.Regular Meeting of the Financing Authority to be held on May 21,
2002, in the City Council Chambers, 78-495 Calle Tampico, CA 92253.
DECLARATION OF POSTING
I, June S. Greek, Authority Secretary of the City of La Quinta Financing Authority, do hereby declare
that the foregoing agenda for the La Quinta Financing Authority Special meeting of Tuesday, May 7,
2002, was posted on the outside entry to the Council Chambers, 78-495 Calle Tampico and on the
bulletin board at the La Quinta Chamber of Commerce and at Stater Bros. 78-630 Highway 111, on
Friday, May 3, 2002.
DATED: May 3, 2002
J~EK, CMC
Authority Secretary, City of La Quinta, California
PUBLIC NOTICES
The La Quinta City Council Chamber is handicapped accessible. If special equipment is needed for the
hearing impaired, please call the City Clerk's Office at 777-7025, 24-hours in advance of the meeting
and accommodations will be made
Finance Authority Page 2 May 7, 2002
AGENDA CATEGORY:
BUSINESS SESSION: /
COUNCIL/RDA MEETING DATE: May 7, 2002 CONSENT CALENDAR:
ITEM TITLE: STUDY SESSION:
Consideration of (1) Authorization to PUBLIC HEARING:
Proceed with the Issuance of La Quinta
Redevelopment Agency 2002 Project :
Area No. 1 Tax Allocation Bonds; (2)
Approval of Bond Disclosure Counsel
Contract and (3} Approval of Bond
Underwriter Contract
RECOMMENDATION'
Authorize staff and the bond team to proceed with the issuance of 2002 Project Area
No. 1 Bonds and approve a contact with (1) Stradling Yocca Carlson & Rauth to serve
as Bond Disclosure Counsel and (2) Wedbush Morgan Securities to provide
underwriting services.
Receive and file.
PLEASE SEE RELATED BUSINESS SESSION ITEM ON CITY COUNCIL AGENDA