IMPROVEMENT AUTHORITY AGENDA REGULAR MEETING AUGUST 3, 2004 FRED HESSE COMMUNITY PARK, 29301 HAWTHORNE BOULEVARD IMPROVEMENT AUTHORITY AGENDA REGULAR MEETING AUGUST 3, 2004 FRED HESSE COMMUNITY PARK, 29301 HAWTHORNE BOULEVARD IMPROVEMENT AUTHORITY AGENDA REGULAR MEETING AUGUST 3, 2004 FRED HESSE COMMUNITY PARK, 29301 HAWTHORNE BOULEVARD

M I N U T E S

REGULAR MEETING

RANCHO PALOS VERDES IMPROVEMENT AUTHORITY COMMISSION

AUGUST 3, 2004

The regular meeting was called to order at 11:01 P.M. by Chair Gardiner at Fred Hesse Park, 29301 Hawthorne Boulevard.

PRESENT: Clark, Long, Stern, Wolowicz, Chair Gardiner

ABSENT: None

Also present were Chief Administrative Officer Les Evans; Assistant Chief Administrative Officer Carolynn Petru; Commission Attorney Carol Lynch; Director of Planning, Building and Code Enforcement Joel Rojas; Finance Director Dennis McLean; Commission Secretary Jo Purcell; and Recording Secretary Denise Bothe.

APPROVAL OF AGENDA:

Commissioner Stern moved to approve the Agenda as submitted. Without objection, Chair Gardiner so ordered.

APPROVAL OF CONSENT CALENDAR:

Commissioner Stern moved, seconded by Commissioner Long, to approve the Consent Calendar, but to amend the investment policy language on page 5 as follows: "The Treasurer shall utilize LAIF or substantially comparable pooled funds to the greatest extent feasible and practical."

June 2004 Treasurerís Report. (2200)

Received and filed.

FY 04-05 Improvement Authority Investment Policy. (2200)

Adopted the FY 04-05 Investment Policy for the Rancho Palos Verdes Improvement Authority as amended.

Resol No. IA 2004-08: Register of Demands.

ADOPTED RESOLUTION NO. IA 2004-08, A RESOLUTION OF THE RANCHO PALOS VERDES IMPROVEMENT AUTHORITY ALLOWING CERTAIN CLAIMS AND DEMANDS AND SPECIFYING FUNDS FROM WHICH THE SAME ARE TO BE PAID.

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

AYES: Clark, Long, Stern, Wolowicz, Chair Gardiner

NOES: None

ABSENT: None

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PUBLIC COMMENTS:

None.

ADJOURNMENT:

The Improvement Authority meeting was adjourned at 11:02 P.M.

/s/ Peter C. Gardiner

Chair

Attest:

____/s/ Jo Purcell____

Commission Secretary