2004 06 01 FA Minutes
LA QUINT A FINANCING AUTHORITY
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; MINUTES
I JUNE 1,2004
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A regular 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
Executive Director Genovese advised of the need to take up Business Item
No.1 after the City Council/Redevelopment Agency joint public hearing.
r- APPROVAL OF MINUTES
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~MOTION - It was moved by Board Members Sniff/Osborne to approve the
Financing Authority Minutes of May 1 8, 2004 as submitted. Motion carried
unanimously.
CONSENT CALENDAR - None
CHAIR AND BOARD MEMBERS' ITEMS - None
The Financing Authority recessed to and until 7:00p.m.
7:00 P.M.
PUBLIC HEARINGS - None
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Financing Authority Minutes 2 June 1, 2004
BUSINESS SESSION
1 . CONSIDERATION OF ADOPTION OF A RESOLUTION OF THE
LA QUINT A FINANCING AUTHORITY AUTHORIZING THE ISSUANCE
OF LOCAL AGENCY REVENUE BONDS, 2004 SERIES A, IN AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $100,000,000
APPROVING THE EXECUTION OF AN INDENTURE OF TRUST,
SUPPLEMENTAL LOAN AGREEMENT, PURCHASE CONTRACT,
ESCROW DEPOSIT AND TRUST AGREEMENT, OFFICIAL
STATEMENT, AND PROVIDING OTHER MATTERS PROPERLY
RELATING THERETO.
There were no changes to the staff report as submitted and on file in
the City Clerk's Office.
RESOLUTION NO. FA 2004-002
A RESOLUTION OF THE FINANCING AUTHORITY OF THE CITY OF
LA QUINT A, CALIFORNIA, AUTHORIZING THE ISSUANCE OF LOCAL
AGENCY REVENUE BONDS, 2004 SERIES A, IN AN AGGREGATE
PRINCIPAL AMOUNT NOT TO EXCEED $100,000,000, APPROVING
THE EXECUTION OF AN INDENTURE OF TRUST, SUPPLEMENTAL
LOAN AGREEMENT, PURCHASE CONTRACT, ESCROW DEPOSIT
AND TRUST AGREEMENT, OFFICIAL STATEMENT, AND PROVIDING
OTHER MATTERS PROPERLY RELATING THERETO.
It was moved by Board Members Sniff/Osborne to adopt Resolution
No. FA 2004-002 as submitted. Motion carried unanimously.
ADJOURNMENT
There being no further business, it was moved by Board Members
Sniff/Osborne to adjourn. Motion carried unanimously.
Respectfully submitted,
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JUNE S. GREEK, City Clerk
City of La Quinta, California
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