2002 06 18 FA Minutes LA QUINTA FINANCING AUTHORITY
MINUTES
JUNE 18, 2002
A meeting of the La Quinta Financing Authority was called to order by Chairman Pefia.
PRESENT: Board Members Adolph, Henderson, Sniff, Chairman Pefia
ABSENT: Board Member Perkins
MOTION - It was moved by Board Members Adolph/Sniff to excuse Board Member
Perkins. Motion carried unanimously.
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Henderson/Adolph to approve.the Minutes
of May 21,2002, as submitted. Motion carried with Board Member Perkins ABSENT.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED JUNE 18, 2002.
2. TRANSMITTAL OF REVENUES & EXPENDITURES REPOR'r DATED APRIL 30,
2002.
MOTION - It was moved by Board Members Sniff/Henderson to approve the
Consent Calendar as recommended. Motion carried with Board Member Perkins
ABSENT.
BUSINESS SESSION
1. CONSIDERATION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY
OF THE CITY OF LA QUINTA FOR FISCAL YEAR 2002/2003.
RESOLUTION NO. FA 2002-02
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY OF THE CITY OF
LA QUINTA, CALIFORNIA, APPROVING AND ADOPTING THE AMENDED
INVESTMENT POLICY FOR FISCAL YEAR 2002/2003.
Financing Authority Minutes 2 June 18, 2002
It was moved by Board Members Sniff/Adolph to adopt Resolution No.
FA 2002-02 as submitted. Motion carried with Board Member Perkins ABSENT.
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Board Members Sniff/Adolph to
adjourn the meeting. Motion carried unanimously.
Respectfully submitted,
JUNE S. GREEK, Secretary
La Quinta Financing Authority