2005 07 19 FA Minutes
LA QUINT A FINANCING AUTHORITY
MINUTES
JULY 19, 2005
A regular meeting of the La Quinta Financing Authority was called to order
by Chairman Adolph.
PRESENT:
ABSENT:
Board Members Henderson, Osborne, Sniff, Chairman Adolph
Board Member Perkins
MOTION - It was moved by Board Members Sniff/Henderson 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 Sniff/Osborne to approve the
Financing Authority Minutes of June 20, 2005 as submitted. Motion carried
with Board Member Perkins ABSENT.
MOTION - It was moved by Board Members Sniff/Osborne to approve the
Financing Authority Minutes of June 21, 2005 as submitted. Motion carried
with Board Member Perkins ABSENT.
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED MAY 31,2005.
2. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED MAY
31, 2005, AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING JUNE 30,2005.
MOTION - It was moved by Board Members Sniff/Osborne to approve
the Consent Calendar as recommended. Motion carried with Board
Member Perkins ABSENT.
Financing Authority Minutes
2
July 19, 2005
BUSINESS SESSION
1 . CONSIDERATION OF A RESOLUTION APPROVING THE FISCAL YEAR
2005/2006 LA QUINT A FINANCING AUTHORITY BUDGET.
There were no changes to the staff report as submitted and on file in
the City Clerk's Office.
RESOLUTION NO FA 2005-002
A RESOLUTION OF THE FINANCING AUTHORITY OF THE CITY OF
LA QUINT A, CALIFORNIA, APPROVING THE FISCAL YEAR
2005/2006 LA QUINT A FINANCING AUTHORITY BUDGET.
It was moved by Board Members Sniff/Osborne to adopt Resolution
No. 2005-002 as submitted. Motion carried with Board Member
Perkins ABSENT.
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT.
There being no further business the meeting was adjourned.
Respectfully submitted,
~ ---d ~
JUNE S. GREEK, City Clerk
City of La Quinta, California