1994 07 05 RDA MinutesM LA QUINTA REDEVELOPMENT AGENCY
MINUTES
JULY 5,1994
Regular meeting of the La Quinta Redevelopment Agency was called to order by Chairman
Sniff.
PRESENT: Board Members Bangerter, McCartney, Pena, Perkins, Chairman Sniff
ABSENT: None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Mccartney/Bangerter to approve Minutes of June
20, 1994 as submitted. Motion carried unanimously.
PUBLIC COMMENTS None
BUSINESS SESSION
1. CONSIDERATION OF ADOPTION OF A RESOLUTION AUTHORIZING THE
SUBSTITUTION OF THE RESERVE FUND SECURING THE LA QUINTA
REDEVELOPMENT PROJECT TAX ALLOCATION BONDS, SERIES 1991.
Mr. Parzonko, Finance Director, advised the issue before the Board is to clarify the final
part of the recent bond refunding issue and informed the Board that Mr. Tom DeMaris,
the City's Financial Advisor, was present to answer questions.
RESOLUTION NO. RA 94-9
A RESOLUTION OF THE LA QUINTA REDEVELOPMENT AGENCY
AUTHORIZING THE SUBSTITUTION OF THE RESERVE FUND SECURING
ITS LA QUINTA REDEVELOPMENT PROJECT TAX ALLOCATION BONDS,
SERIES 1991, APPROVING CERTAIN DOCUMENTS AND TAKING CERTAIN
OTHERS IN CONNECTION THEREWITH
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M It was moved by Board Members Mccartney/Bangerter to adopt Resolution RA 94-9 as
submitted and taking other actions as contained in the Resolution. Motion carried
unanimously
CONSENT CALENDAR
1. APPROVAL OF DEMAND REGISTER DATED JULY 5, 1994.
MOTION It was moved by Board Members Pena/MCCartney that the Consent Calendar
be approved as recommended. Motion carried unanimously.
DEPARTMENT REPORTS
MOTION It was moved by Board Members McCartney/Bangerter to receive and f?e
the Report of Revenue and Expenditures, dated May 31, 1994. Motion carried
unanimously.
CHAIR AND BOARD MEMBERS' ITEMS None
PUBLIC HEARINGS None
CLOSED SESSION None
There being no further business, it was moved by Board Members McCartney/Bangerter to
adjourn. Motion carried unanimously.
Res ectfully submitted,
AUNDRA L. JUHOLA LA, Secretary
La Quinta Redevelopment Agency
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