2007 07 17 FA Minutes
LA QUINTA FINANCING AUTHORITY
MINUTES
JULY 17, 2007
A regular meeting of the La Quinta Financing Authority was called to order
by Chairman Adolph.
PRESENT: Board Members Henderson, Kirk, Osborne, Sniff,
Chairman Adolph
ABSENT: None
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed
APPROVAL OF MINUTES
MOTION - It was moved by Board Members Sniff/Osborne to approve the
Financing Authority Min!ltes of June 19, 2007 as submitted. Motion carried
unanimously.
MOTION - It was moved by Board Members Sniff/Osborne to approve the
Financing Authority Special Meeting Minutes of June 21, 2007 as submitted.
Motion carried unanimously.
CONSENT CALENDAR
1. RECEIVE AND FILE TREASURER'S REPORT DATED MAY 31, 2007.
2. RECEIVE AND FILE REVENUE & EXPENDITURES REPORT DATED
MAY 31, 2007, AND INVESTMENT SUMMARY REPORT FOR THE
QUARTER ENDING JUNE 30, 2007.
MOTION - It was moved by Board Members Sniff/Osborne to approve
the Consent Calendar as recommended. Motion carried unanimously.
Financing~Authority Minutes
2
July 17, 2007
BUSINESS SESSION
1. CONSIDERATION OF A RESOLUTION APPROVING THE FISCAL YEAR
2007/208 LA QUINTA 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 2007-001
A RESOLUTION OF THE FINANCING AUTHORITY OF THE CITY OF
LA QUINTA, CALIFORNIA, APPROVING A BUDGET FOR FISCAL YEAR
2007/2008.
It was moved by Board Members Sniff/Osborne to adopt Resolution
No. FA 2007-001 as submitted. Motion carried unanimously.
CHAIR AND BOARD MEMBERS' ITEMS - None
PUBLIC HEARINGS - None
ADJOURNMENT
There being no further business, it was moved by Board Members
Sniff/Osborne to adjourn. Motion carried unanimously.
submitted,