2018 06 19 FA Minutes Special MeetingFINANCING AUTHORITY MINUTES Page 1 of 2 JUNE 19, 2018
SPECIAL MEETING
FINANCING AUTHORITY
MINUTES
SPECIAL MEETING
TUESDAY, JUNE 19, 2018
CALL TO ORDER
A special meeting of the La Quinta Financing Authority was called to order at
8:57 p.m. by Chairperson Evans.
PRESENT: Authority Members Fitzpatrick, Peña, Radi, Sanchez, Chairperson Evans
ABSENT: None
CLOSED SESSION – None
PUBLIC COMMENT – None
CONFIRMATION OF AGENDA – Confirmed
ANNOUNCEMENTS, PRESENTATIONS, AND WRITTEN COMMUNICATIONS
– None
CONSENT CALENDAR
1. APPROVE SPECIAL MEETING MINUTES DATED JUNE 20, 2017
MOTION – A motion was made and seconded by Authority Members Radi/Peña
to approve the Consent Calendar as recommended. Motion passed
unanimously.
BUSINESS SESSION
1. ADOPT A RESOLUTION TO APPROVE FISCAL YEAR 2018/19
BUDGET [RESOLUTION NO. FA 2018-001]
Finance Authority waived presentation of the staff report, which is on file in
the Clerk’s Office.
Chairperson Evans said the Financing Authority will pay off the outstanding
balance of the 1996 Lease Revenue Refunding Bonds by October 2018.
3
FINANCING AUTHORITY MINUTES Page 2 of 2 JUNE 19, 2018
SPECIAL MEETING
MOTION – A motion was made and seconded by Authority Members Peña/Radi
to adopt Resolution No. FA 2018-001 approving the La Quinta Financing
Authority Fiscal Year 2018/19 Budget, as recommended:
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY APPROVING
A BUDGET FOR FISCAL YEAR 2018/19
Motion passed unanimously.
2. ADOPT A RESOLUTION TO APROVE A DEBT MANAGEMENT
POLICY [RESOLUTION NO. FA 2018-002]
Finance Authority waived presentation of the staff report, which is on file in
the Clerk’s Office.
MOTION – A motion was made and seconded by Authority Members
Peña/Fitzpatrick to adopt Resolution No. FA 2018-002 approving the La Quinta
Financing Authority Fiscal Year 2018/19 Budget, as recommended:
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY APPROVING
A DEBT MANAGEMENT POLICY
Motion passed unanimously.
STUDY SESSION – None
PUBLIC HEARINGS – None
DEPARTMENTAL REPORTS – None
CHAIR AND AUTHORITY MEMBERS' ITEMS – None
REPORTS AND INFORMATIONAL ITEMS – None
ADJOURNMENT
There being no further business, it was moved and seconded by Authority
Members Radi/Fitzpatrick to adjourn at 8:59 p.m. Motion passed
unanimously.
Respectfully submitted,
MONIKA RADEVA, Authority Secretary
La Quinta Financing Authority
4