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1995 06 20 FA Minutesd_0 LA QUINTA FINANCING AUTHORITY MINUTES June 20, 1995 Meeting of the La Quinta Financing Authority was called to order by Chairman Pefia. PRESENT: Mrs. Bangerter, Mr. Cathcart, Mr. Perkins, Mr. Sniff, Chairman Pen-a ABSENT: None CONFIRMATION OF AGENDA Confirmed APPROVAL OF MINUTES MOTION It was moved by Mr. Sniff and seconded by Mrs. Bangerter to approve the Financing Authority Minutes of August 2, 1994 as submitted. Motion carried with Mr. Cathcart ABSTA?ING. PUBLIC COMMENT None BUSINESS SESSION 1. CONSIDERATION OF A RESOLUTION AUThORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE CONTRACT BY AND AMONG THE LA QUINTA REDEVELOPMENT AGENCY,. LA QUINTA FINANCING AUTHORITY, AND THE UNDERWRITERS NAMED THEREIN. Mr. Frank Spevacek, of Rosenow Spevacek Group, advised that the document allows for the sale of up to $28 million in Redevelopment Agency bonds to Stone & Youngberg. He advised that the bonds will be insured and the transaction should be complete by the end of July, 1995. RESOL?ON NO. FA 954)1 A RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND PURCHASE CONTRACT BY AND AMONG THE LA QUINTA REDEVELOPMENT AGENCY, LA QUINTA FINANCING AUTHORITY, AND THE UNDERWRITERS NAMED THEREIN. It was moved by Mr Sniff and seconded by Mrs. Bangerter to adopt Resolution No. FA 95-01 as submitted. Motion carried unanimously. BIB] 04-06-1999-U01 10:00:32AM-U01 FAMIN-U02 06-U02 20-U02 1995-U02 d_0 Financing Authority Minutes 2 June 20, 995 CONSENT CALENDAR None DEPARTMENT REPORTS None CHAIR AND BOARD MEMBERS' ITEMS None PUBLIC HEARINGS None MOTION It was moved by Mr. Sniff and seconded by Mrs. Bangerter that the meeting be adjourned Motion carried unanimously. R??ctfulI?subm;t;d? DRAL;USecretary La Quinta Financing Authority BIB] 04-06-1999-U01 10:00:32AM-U01 FAMIN-U02 06-U02 20-U02 1995-U02