HomeMy WebLinkAbout12/7/2005 - STAFF REPORTS (7) CITY OF PALM SPRINGS
FINANCING AUTHORITY
MINUTES
WEDNESDAY, FEBRUARY 16, 2005
CITY COUNCIL CHAMBER
CALL TO ORDER: Chair Oden called the order at 9:18 P.M.
ROLL CALL:
PRESENT: Boardmembers Foat, Mills, Pougnet, McCulloch, Chair Oden.
ABSENT: None.
CONSENT CALENDAR:
ACTION: Approve Item FA1. Motion Boardmember Mills, seconded by
Boardmember Pougnet and unanimously carried.
FA1. APPROVAL OF MINUTES:
ACTION: Approve the Financing Authority Minutes of April 7, 2004, April 21,
2004 and May 5, 2004. Approved as part of the Consent Calendar.
I JOINT ITEM OF THE PALM SPRINGS CITY COUNCIL AND THE PALM SPRINGS
FINANCING AUTHORITY:
I
FA2. REFINANCING OF THE 1992 AIRPORT BOND ISSUE AND AMENDING
CERTAIN DOCUMENTS OF THE 1998 GENERAL AIRPORT REVENUE
BONDS:
City Treasurer Kanarr provided background information as outlined in the staff
report dated February 16, 2005.
ACTION: Adopt Resolution No. 32, "A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE CITY OF PALM SPRINGS FINANCING AUTHORITY,
PROVIDING FOR THE ISSUANCE, SALE AND DELIVERY OF NOT TO
EXCEED $13,500,000. PRINCIPAL AMOUNT OF ITS BONDS AND
APPROVING CERTAIN DOCUMENTS AND AUTHORIZING CERTAIN
ACTIONS IN CONNECTION THEREWITH." Motion Boardmember Mills,
seconded by Boardmember McCulloch and unanimously carried.
ADJOURNMENT: The Palm Springs Financing Authority adjourned at 9:22 P.M.
APPROVED BY A MOTION OF THE PALM SPRINGS FINANCING
AUTHORITY THIS 7th DAY OF DECEMBER, 2005.
Chair
Attest:
Secretary Item No. F /�" 2.