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HomeMy WebLinkAbout01/09/07 PFA Repots '- CITY OF LAKE ELSINORE PUBLIC FINANCE AUTHORITY AGENDA ROBERT SCHIFFNER, CHAIR THOMAS BUCKLEY VICE CHAIR DARYL HICKMAN AUTHORITYMEMBER GENIE KELLEY AUTHORITYMEMBER ROBERT MAGEE AUTHORITYMEMBER ROBERT BRADY EXECUTIVE DIRECTOR WWW LAKE-ELSINORE ORG (951) 674 3124 PHONE (951) 674 2392 FAX LAKE ELSINORE CULTURAL CENTER 183 NORTH MAIN STREET LAKE ELSINORE CA 92530 ****************************************************************** TUESDAY, JANURARY 9, 2007 - PUBLIC SESSION AT 700 P M CALL TO ORDER ROLL CALL PUBLIC COMMENTS - NON-AGENDIZED ITEMS -1 MINUTE (Please read & complete a Speaker's Form at the POdIum, pnor to the Start of the CIty CouncIl Meetmg) PUBLIC COMMENTS - AGENDIZED ITEMS - 3 MINUTES (Please read & complete a Speaker's Form at the PodIum, pnor to the Start of the CIty CouncIl Meetmg The ChaIrman WIll call on you to speak, when your Item IS called) CONSENT CALENDAR (All matters on the Consent Calendar are approved on one motIon, unless an Authontymember or any member of the publIc requests separate actIOn on a specIfic Item) 1 Mmutes a PublIc Fmance Authonty Meetmg - March 14 2006 b PublIc Fmance Authonty Meetmg - December 12 2006 Page 2- PublIc Fmance AuthorIty - January 9, 2007 2 Update to LAIF ResolutIOn RECOMMENDATION Approve ResolutIOn 2007-01 whIch names Mr James R RIley as an addItIonal authonzed sIgner for all Local Agency Investment Accounts held at the State of CahfomIa BUSINESS ITEMS None PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES EXECUTIVE DIRECTOR COMMENTS LEGAL COUNSEL COMMENTS AUTHORITY MEMBER COMMENTS ADJOURNMENT MINUTES I PUBLIC FINANCE AUTHORITY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, MARCH 14,2006 CALL TO ORDER The Regular PublIc Fmance Authonty Meetmg was called to order by Chairman Magee at 801 pm ROLL CALL PRESENT AUTHORITY MEMBERS HICKMAN, KELLEY, MAGEE, SCHIFFNER, BUCKLEY ABSENT AUTHORITY MEMBERS NONE Also present were Executive Director Brady, Legal Counsel Leibold, AdmmlstratIve Services Director Pressey, CommuDlty Development Director Prelsendanz, CommuDlty Services Director Sapp, Lake & Aquatic Resources Director Kilroy, InformatIon/CommuDlcatIons Manager DenDls, BuIldmg & Safety Manager Chipman, RecreatlOn/TourIsm Manager FazzIo, PolIce Chief Fetherolf, Fire Chief Gallegos, City Treasurer Weber and Clerk ofthe Authority Ray PUBLIC COMMENTS - NON-AGENDIZED ITEMS -1 MINUTE No comments PUBLIC COMMENTS - AGENDIZED ITEMS - 3 MINUTES No comments ACENDA ITEM NO ..-10 PACE) OF).... Page 2 PublIc Fmance Authority Mmutes - March 14,2006 CONSENT CALENDAR MOVED BY BUCKLEY, SECONDED BY SCHIFFNER AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTED 1 Adopted ResolutIOn No 2006-1, naming Mr DavId W Sapp as an addItlona1 authonzed sIgner for all Local Agency Investlnent Accounts held at the State of Cahfoffila PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES No comments EXECUTIVE DIRECTOR COMMENTS No comments LEGAL COUNSEL COMMENTS No comments BOARDMEMBER COMMENTS No comments ADJOURNMENT THE PUBLIC FINANCE AUTHORITY MEETING WAS ADJOURNED AT 8 01 P M THOMAS BUCKLEY, CHAIRMAN PUBLIC FINANCE AUTHORITY ATTEST FREDERICK RAY, CLERK OF THE AUTHORITY ACENDA ITEM NO. In PACE 2. ~ MINUTES PUBLIC FINANCE AUTHORITY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, DECEMBER 12, 2006 - 500 PM ************************************************************* CALL TO ORDER The Public Fmance Authonty Meetmg was called to order by PF A Chairman Buckley at 7 50 p m ROLL CALL PRESENT AUTHORITY MEMBERS BUCKLEY, HICKMAN, KELLEY, MAGEE, SCHIFFNER ABSENT AUTHORITY MEMBERS NONE Also present were Executive Director Brady, Legal Counsel Leibold, Admmlstratlve Services Director Pressey, Lake & Aquatic Resource Director KIlroy, CommuDlty Development Director Prelsendanz, CommuDlty Services Director Sapp, InformatlOn/CommuDlcatlons Manager DenDls, City Engmeer Seumalo, Plannmg Manager Wemer, Fmance Manager RIley, Chief of PolIce Fetherolf, Fire Chief Gallegos, City Treasurer Weber and Clerk of the Board Ray ROLL CALL PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE No comments PUBLIC COMMENTS - AGENDIZED ITEMS - 3 MINUTES No comments Agenda Item No J S Page I of4 Page 2 - PublIc Fmance Authority Mmutes - December 12,2006 BUSINESS ITEMS 1 Annual reorgamzatlOn of the Public FInance Authonty of the City of Lake ElsInore to select the Chair and V Ice Chair Chairman Buckley opened up nomInatIOns for the positIOn of Chair MOVED BY MAGEE, SECONDED BY HICKMAN TO NOMINATE AUTHORITY MEMBER SCHIFFNER FOR PFA CHAIR CHAIRMAN BUCKLEY VOTED FOR AUTHORITY MEMBER SCHIFFNER. VICE CHAIRMAN HICKMAN VOTED FOR AUTHORITY MEMBER SCHIFFNER AUTHORITY MEMBER KELLEY VOTED FOR AUTHORITY MEMBER SCHIFFNER AUTHORITY MEMBER MAGEE VOTED FOR AUTHORITY MEMBER SCHIFFNER AUTHORITY MEMBER SCHIFFNER VOTED FOR AUTHORITY MEMBER SCHIFFNER MOVED BY MAGEE TO NOMINATE AUTHORITY MEMBER HICKMAN FOR PFA VICE CHAIR Boardmember Hickman respectfully declined the nomInatIOn MOVED BY HICKMAN, SECONDED BY KELLEY TO NOMINATE CHAIRMAN BUCKLEY FOR PFA VICE CHAIR CHAIRMAN BUCKLEY VOTED FOR CHAIRMAN BUCKLEY VICE CHAIRMAN HICKMAN VOTED FOR CHAIRMAN BUCKLEY AUTHORITY MEMBER KELLEY VOTED FOR CHAIRMAN BUCKLEY Agenda Item No ~ Page 2 of4 Page 3 - PublIc Fmance AuthorIty Mmutes - December 12, 2006 AUTHORITY MEMBER SCHIFFNER VOTED FOR CHAIRMAN BUCKLEY AUTHORITY MEMBER MAGEE VOTED FOR CHAIRMAN BUCKLEY PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES No comments EXECUTIVE DIRECTOR COMMENTS No comments LEGAL COUNSEL COMMENTS None AUTHORITY MEMBER COMMENTS No comments ADJOURNMENT THE PUBLIC FINANCE AUTHORITY MEETING WAS ADJOURNED AT 755PM THOMAS BUCKLEY, CHAIRMAN PUBLIC FINANCE AUTHORITY RESPECTFULLY SUBMITTED MICHELLE SOTO, DEPUTY CLERK OF THE BOARD Agenda Item No J C2, Page 3 of4 Page 4 - PublIc Fmance Authority Mmutes - December 12, 2006 ATTEST FREDERICK RAY, CLERK OF THE BOARD REDEVELOPMENT AGENCY Agenda Item No \ Q.,. p~ , CITY OF LAKE ELSINORE REPORT TO PUBLIC FINANCE AUTHORITY / TO MAYOR AND CITY COUNCIL FROM ROBERT A BRADY, EXECUTIVE DIRECTOR DATE JANUARY 9, 2007 j SUBJECT UPDATE TO LAIF RESOLUTION BACKGROUND As IS reqUIred by the State of Cahfornla Local Agency Investment Fund, upon termmatlOn of employment of an authonzed sIgner, the Authonty should remove those termmated from employment wIth the CIty of Lake Elsmore and replace them as an authonzed sIgner as necessary DISCUSSION The pnor Fmance DIVISIOn Manager retIred m July 2006 ThIs resolutIOn would add the current Fmance DIVISIOn Manager, James R RIley, as an authonzed sIgner and remove the pnor Fmance Manager KIm Magee The current sIgners are the CIty Manager, the DIrector of AdmmlstmtIve ServIces, and the DIrector of Commumty ServIces FISCAL IMPACT NONE RECOMMENDATION Staff hereby recommends that the Authonty approve ResolutIOn 2007- of whIch names Mr James R RIley as an addItIOnal authonzed sIgner for all Local Agency Investment Accounts held at the State ofCahfornla AGENDA ITEM NO PAGE 2- / OF 1. I ~ , # PREPARED BY REVIEWED BY APPROVED FOR AGENDA BY ~I<~. JA S R RILEY FI ANCE DIVISION MANAGE;(f MATT N PRESSEY DIRECTOR OF AD INISTRATIVE SERVICES AGENDA ITEM NO 2.- PAGE d OFL