1996 11 05 FA Minutesd_< LA QUINTA FINANCING AUTHORITY
MINUTES
November 5, 1 996
Meeting of the La Quinta Financing Authority was called to order by Vice Chairman
Perkins.
PRESENT: Board Members Adolph, Henderson, Sniff, Vice Chairman Perkins
ABSENT: Chairperson Holt
MOTION It was moved by Board Members Sniff/Adolph to excuse Chairperson Holt.
Motion carried unanimously.
PUBLIC COMMENT None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Henderson/Adolph to approve the
Financing Authority Minutes of October 1, 1 996 as submitted. Motion carried
unanimously.
BUSINESS SESSION
1. CONSIDERATION OF ADOPTION OF RESOLUTION AMENDING THE FINANCING
AUTHORITY?S INVESTMENT POLICY FOR FISCAL YEAR 1996197.
RESOLUTION NO. FA 96-04
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY OF THE CITY OF
LA QUINTA APPROVING AND ADQPTING THE AMENDED INVESTMENT
POLICY FOR FISCAL YEAR 1996197.
It was moved by Board Members Sniff/Adolph to adopt Resolution No. FA 96-
04 as amended maximum percentage for LAIF investments reduced to 40%).
Motion carried unanimously.
CONSENT CALENDAR None
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d_<Financing Authority Minutes 2 November 5, 1 996
DEPARTMENT REPORTS None
CHAIR ANb BOARD MEMBER?S ITEMS None
PUBLIC HEARINGS None
There being no further business, it was moved by Board Members Sniff/Adolph to
adjourn. Motion carried unanimously.
DRA L. JU LA, Secretary
La Quinta Financing Authority
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