1998 04 07 FA Minutesd_T LA QUINTA FINANCING AUTHORITY
MINUTES
APRIL 7, 1998
Regular meeting of the La Quinta Financing Authority was called to order by Chairman
Pena.
PRESENT: Board Members Adolph, Henderson, Perkins, Sniff, Chairman Pena
ABSENT: None
PUBLIC COMMENT None
CONFIRMATION OF AGENDA Confirmed
APPROVAL OF MINUTES
MOTION It was moved by Board Members Sniff/Adolph to approve the Minutes of
February 1 7, 1 998 as submitted. Motion carried with Board Member Perkins
ABSTAINING.
BUSINESS SESSION
1. CONSIDERATION OF: 1) ADOPTION OF RESOLUTION AUTHORIZING THE
EXECUTION AND DELIVERY OF A BOND PURCHASE CONTRACT WITH MILLER
AND SCHROEDER FINANCIAL, INC. FOR THE SALE OF LA QUINTA
REDEVELOPMENT AGENCY TAX ALLOCATION PARITY REFUNDING BONDS
FOR THE LA QUINTA PROJECT PROJECT NO.1); AND 2) ADOPTION OF
RESOLUTION AUTHORIZING THE EXECUTION AND DELIVERY OF A BOND
PURCHASE CONTRACT WITH MILLER AND SCHROEDER FINANCIAL, INC. FOR
THE SALE OF LA QUINTA REDEVELOPMENT AGENCY TAX ALLOCATION
REFUNDING BONDS FOR LA QUINTA REDEVELOPMENT PROJECT NO.2.
Mr. Falconer, Finance Director, advised that this is a request to authorize the
execution and delivery of a Bond Purchase Contract with Miller and Schroeder
Financial, Inc. for the sale of La Quinta Redevelopment Agency tax allocation
parity refunding bonds for Project Area Nos. 1 and 2.
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d_TFinancing Authority Minutes 2 April 7, 1998
RESOLUTION NO. FA 98-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA QUINTA
FINANCING AUTHORITY, AUTHORIZING THE EXECUTION AND DELIVERY OF
A PURCHASE CONTRACT BY AND AMONG THE LA QUINTA
REDEVELOPMENT AGENCY, THE LA QUINTA FINANCING AUTHORITY, AND
MILLER AND SCHROEDER FINANCIAL, INC.
It was moved by Board Members Sniff/Henderson to adopt Resolution No. FA
98-01 as submitted. Motion carried unanimously.
RESOLUTION NO. FA 98-02
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LA QUINTA
FINANCING AUTHORITY, AUTHORIZING THE EXECUTION AND DELIVERY OF
A BOND PURCHASE CONTRACT BY AND AMONG THE LA QUINTA
REDEVELOPMENT AGENCY, THE LA QUINTA FINANCING AUTHORITY, AND
MILLER AND SCHROEDER FINANCIAL, INC.
It was moved by Board Members Sniff/Adolph to adopt Resolution No. FA 98-
02 as submitted. Motion carried unanimously.
CONSENT CALENDAR None
DEPARTMENT REPORTS None
CHAIR AND BOARD MEMBERS' ITEMS None
PUBLIC HEARINGS None
There being no further business, it was moved by Board Members Adolph/Sniff to
adjourn the meeting.
AUNDRA L. JUHOLA, Secretary
La Quinta Financing Authority
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