M I N U T E S
REGULAR MEETING
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
AUGUST 3, 2004
The meeting was called to order at 10:59 P.M. by Chair Gardiner at Fred Hesse Community Park, 29301 Hawthorne Boulevard.
PRESENT: Clark, Long, Stern, Wolowicz, Chair Gardiner
ABSENT: None
Also present were Executive Director Les Evans; Assistant Executive Director Petru; Agency Attorney Carol Lynch; Director of Planning, Building and Code Enforcement Joel Rojas; Finance Director Dennis McLean; Agency Secretary Jo Purcell; and Recording Secretary Denise Bothe.
APPROVAL OF AGENDA:
Member Stern moved to approve the Agenda as submitted. Motion carried without objection.
APPROVAL OF CONSENT CALENDAR:
Member Stern moved, seconded by Member Long, to approve the Consent Calendar as follows:
June 2004 Treasurer’s Report. (1900)
Received and filed.
FY 04-05 Redevelopment Agency Investment Policy. (1900)
Adopted the FY 04-05 Investment Policy for the Rancho Palos Verdes Redevelopment Agency.
The motion to approve the Consent Calendar carried on the following roll call vote:
AYES: Clark, Long, Stern, Wolowicz, Chair Gardiner
NOES: None
ABSENT: None
PUBLIC COMMENTS:
None.
At this time, Member Wolowicz moved, seconded by Member Long, to amend the language in the investment policy, page 5, as follows: "The Treasurer shall utilize LAIF or substantially comparable pooled funds to the greatest extent feasible and practical." There being no objection, Mayor Gardiner so ordered.
ADJOURNMENT:
The Redevelopment Agency meeting was adjourned at 11:01 P.M. on motion of Member Stern.
/s/ Peter C. Gardiner
Chair
Attest:
__/s/ Jo Purcell__
Agency Secretary