The meeting was called to order at 12:20 A.M. by Chair Byrd at Fred Hesse Community Park, 29301 Hawthorne Boulevard.

PRESENT: Ferraro, McTaggart, Stern, Lyon, and Chair Byrd

ABSENT: None

Also present were Executive Director Les Evans; Assistant Executive Director Carolynn Petru; Agency Attorney Carol Lynch; Planning, Building & Code Enforcement Director Joel Rojas; Director of Public Works Dean Allison; Finance Director Dennis McLean; Director of Administrative Services/Agency Secretary Jo Purcell; and, Recording Secretary Jackie Drasco.

Member Ferraro moved, seconded by Member Stern, to approve the agenda as presented.

Member Ferraro moved, seconded by Member Lyon, to approve the Consent Calendar as follows:

Approved the minutes of May 2, 2000.

Adopted and filed the FY 2000-01 investment policy for the Rancho Palos Verdes Redevelopment Agency

Received and filed the April 2000 Treasurer’s Report for the Rancho Palos Verdes Redevelopment Agency.

ADOPTED RESOLUTION No. RDA 2000-06, A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY ALLOWING CERTAIN CLAIMS AND DEMANDS AND SPECIFYING FUNDS FROM WHICH THE SAME ARE TO BE PAID.

The motion to approve the Consent Calendar carried on the following roll call vote:

AYES: Ferraro, Lyon, McTaggart, Stern and Chair Byrd

NOES: None

Chair Byrd opened the public hearing on this request to adopt the annual budget for fiscal year 2000-2001. Agency Secretary Clerk Purcell announced that notice had been duly published and that there were no protest letters received by the City.

Assistant Executive Director Petru presented the staff report of June 6, 2000 and the recommendation to adopt the proposed resolution adopting the operating and capital improvement budget for fiscal year 2000-2001

There being no response to a request for public comments, Mayor Byrd closed the public hearing.

Member Lyon moved, seconded by Member McTaggart, to ADOPT RESOL. NO. RDA 2000-07, A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR FISCAL YEAR 2000-2001

The motion carried on the following roll call vote:

AYES: Ferraro, Lyon, McTaggart, Stern and Chair Byrd

NOES: None

At 12:25 A.M., the meeting was adjourned on motion of Chair Byrd.

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Chair

Attest:

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Agency Secretary