M I N U T E S
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
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 Treasurerís 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
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.
The Redevelopment Agency meeting was adjourned at 11:01 P.M. on motion of Member Stern.
/s/ Peter C. Gardiner
__/s/ Jo Purcell__