1999 07 20 FA Minutesd_ LA QUINTA FINANCING AUTHORITY
MINUTES
JULY20, 1999
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/Henderson to approve the Minutes
of June 22, 1999, as submitted. Motion carried with Board Member Adolph
ABSTAINING.
MOTION It was moved by Board Members Sniff/Adolph to approve the Minutes of
June29, 1999, as submitted. Motion carried unanimously.
BUSINESS SESSION
1. CONSIDERATION OF ADOPTING THE FISCAL YEAR 1999/2000 BUDGET.
There were no changes to the staff report as submitted to the Financing
Authority by the City Manager's Department and on file in the City Clerk's
Department.
RESOLUTION NO. FA99-02
A RESOLUTION OF THE LA QUINTA FINANCING AUTHORITY OF THE CITY OF
LA QUINTA, CALIFORNIA, APPROVING A BUDGET FOR FISCAL YEAR
199912000.
It was moved by Board Members Sniff/Adolph to adopt Resolution No.
FA 99-02 as submitted. Motion carried unanimously.
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d_ Financing Authority Minutes 2 July 20, 1 999
CONSENT CALENDAR
1. TRANSMITTAL OF TREASURER'S REPORT DATED MAY31, 1999.
MOTION It was moved by Board Members Sniff/Henderson to approve the
Consent Calendar as recommended. Motion carried unanimously.
DEPARTMENT REPORTS
1. TRANSMITTAL OF REVENUE & EXPENDITURES REPORT DATED MAY 31,
1999.
MOTION It was moved by Board Members Sniff/Adolph to receive and file the
Revenue & Expenditures Report dated May 31, 1999. Motion carried
unanimously.
CHAIR AND BOARD MEMBERS' ITEMS None
PUBLIC HEARINGS None
There being no further business, it was moved by Board Members Sniff/Adolph to
adjourn the meeting.
Resp?ctfully submitted,
S? UNDRA LFUHOLA, Secretary
La Quinta Fir nci?g Authority
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