2003 06 17 FA Minutes LA QUINTA FINANCING AUTHORITY
MINUTES
JUNE 17, 20O3
A meeting of the La Quinta Financing Authority was called to order by Chairman
Adolph.
PRESENT: Board Members Henderson, Osborne, Perkins, Sniff, Chairman Adolph
ABSENT: None
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION -It was moved by Board Members Sniff/Henderson to approve the Minutes
of May 20, 2003, as submitted. Motion carried unanimously.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED APRIL 30, 2003.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED APRIL 30,
2003.
MOTION -It was moved by Board Members Henderson/Sniff to approve the
Consent Calendar as recommended. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF A RESOLUTION ADOPTING THE INVESTMENT POLICY
OF THE FINANCING AUTHORITY FOR FISCAL YEAR 2003/2004.
There were no changes in the staff report as submitted and on file in the City
Clerk's Office.
Financing Authority Minutes 2 June 17, 2003
RESOLUTION NO. FA 2003-01
A RESOLUTION OF THE FINANCING AUTHORITY OF THE CITY OF
LA QUINTA, CALIFORNIA, APPROVING AND ADOPTING THE AMENDED
INVESTMENT POLICY FOR FISCAL YEAR 2003/2004.
It was moved by Board Members Osborne/Henderson to adopt Resolution No.
FA 2003-01 as submitted. Motion carried with Board Members Perkins and
Sniff voting NO.
DEPARTMENT REPORTS - None
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Board Members Henderson/Osborne
to adjourn the meeting. Motion carried unanimously.
Respectfully submitted,
JUNE S. GREEK, Secretary
La Quinta Financing Authority