HomeMy WebLinkAbout2008-12-23 CC-Public Finance Authority No.1 CITY OF
LAKI aLSITIOKE
WT.
D REAM EXTREME
REPORT TO THE PUBLIC FINANCE AUTHORITY
TO: HONORABLE CHAIRMAN
AND MEMBERS OF THE PUBLIC FINANCE AUTHORITY
FROM: ROBERT A. BRADY
EXECUTIVE DIRECTOR
DATE: December 23, 2008
SUBJECT: APPROVAL OF MINUTES
Discussion
The following Public Finance Agency Minutes are submitted for approval as follows:
a) Public Finance Authority Meeting — December 9, 2008.
Recommendation
Approve the Minutes as submitted.
Prepared by: Carol Cowley
Interim Secretary
Approved by: Robert A. Brady 4
City Manager
Agenda Item No. 1
Page 1 of 4
MINUTES
PUBLIC FINANCE AUTHORITY
CITY OF LAKE ELSINORE
183 NORTH MAIN STREET
LAKE ELSINORE, CALIFORNIA
TUESDAY, DECEMBER 9, 2008
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CALL TO ORDER - 7:00 P.M.
The meeting was called to order by Vice - Chairman Buckley at 7:19 p.m.
ROLL CALL
PRESENT: VICE - CHAIRMAN BUCKLEY
MEMBER BHUTTA
MEMBER HICKMAN
MEMBER MAGEE
MEMBER MELENDEZ
ABSENT: NONE
Also present: Executive Director Brady; Authority Counsel Leibold,
Administrative Services Director Pressey, Acting Community Development
Director Weiner; Public Works Director /City Engineer Seumalo, Director of Lake
and Aquatics Kilroy, Parks and Recreation Director Gonzales, Communications
and Information Manager Dennis, City Treasurer Baldwin, and Interim Secretary
Cowley.
PUBLIC COMMENTS
There were no public comments.
AUTHORITY APPROVES CONSENT CALENDAR
(1) Approval of Public Finance Authority Minutes
Recommendation: Approve the following minute(s):
a) Regular Public Finance Authority Meeting — January 9, 2007
Agenda Item No. 1
Page 2 of 4
Member Magee moved to approve Consent Calendar Item No. 1; second by
Member Hickman. The motion unanimously carried by the following vote:
AYES: Vice - Chairman Buckley, Member Bhutta, Member Hickman, Member
Magee and Member Melendez; NOES: None.
PUBLIC HEARING(S)
No public hearings scheduled.
BUSINESS ITEM(S)
(2) Annual Reorganization of the Public Finance Authority of the City of Lake
Elsinore to select A Chair and Vice Chair
Recommendation: The Authority Board:
a) Open the floor to nominations for the selection of a Chairperson,
receive nominations, close the nominations and conduct a roll call
vote; and
b) The newly selected Chairperson opens the floor to nominations for the
office of Vice - Chair, receive nominations, close the nominations and
conduct a roll call vote.
Secretary Cowley opened nominations for Chairperson of the Public Financing
Authority. Vice - Chairman Buckley nominated Member Amy Bhutta. Member
Magee nominated Member Hickman; second by Member Melendez. There being
no further nominations, Secretary Cowley closed nominations and called for the
vote as to the nomination of Amy Bhutta. The motion failed by the following vote:
AYES: Member Buckley and Member Bhutta. The motion to select Member
Hickman as Chair of the Public Financing Authority carried by the following vote:
AYES: Member Hickman, Member Magee and Member Melendez.
Chairman Hickman opened nominations for Vice - Chair. Member Magee
nominated Member Bhutta; second by Member Buckley. The motion
unanimously carried by the following vote: AYES: Chairman Hickman, Member
Bhutta, Member Buckley, Member Magee and Member Melendez.
PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 3 MINUTES
There were no public comments.
EXECUTIVE DIRECTOR COMMENTS
No comments.
Agenda Item No. 1
Page 3 of 4
LEGAL COUNSEL COMMENTS
Authority Counsel Leibold congratulated Chairman Hickman and Vice -
Chairwoman Bhutta.
BOARDMEMBER COMMENTS
No comments.
ADJOURNMENT
There being no further business to come before the Authority, Chairman
Hickman adjourned the meeting at 7:21 pm.
DARYL HICKMAN, CHAIRMAN
CITY OF LAKE ELSINORE
ATTEST:
CAROL COWLEY, INTERIM SECRETARY
CITY OF LAKE ELSINORE
Agenda Item No. 1
Page 4 of 4