M I N U T E S
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY COMMISSION
OCTOBER 4, 2005
The meeting was called to order at 1:43 A.M. by Chair Clark at Fred Hesse Park, 29301 Hawthorne Boulevard.
PRESENT: Gardiner, Long, Stern, Wolowicz, Chair Clark
Also present were Chief Administrative Officer Evans; Commission Attorney Lynch; Commission Secretary Petru; and Recording Secretary Bothe.
APPROVAL OF AGENDA:
Commissioner Gardiner moved, seconded by Commissioner Stern, to approve the Agenda as submitted. Without objection, Chair Clark so ordered.
APPROVAL OF CONSENT CALENDAR:
Approval of the Minutes (2200)
Approved the Minutes of July 5, 2005.
Improvement Authority Investment Policy – FY 05-06 (2200)
1) Adopted and filed the FY 05-06 Investment Policy for the Rancho Palos Verdes Improvement Authority; and, 2) Retain Fieldman, Rolapp Financial Services, LLC, as the City's investment advisor to assist staff with the development of possible revisions to the City's investment strategy for a fee not to exceed $7,000.
Register of Demands
ADOPTED RESOLUTION NO. IA 2005-13, 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.
Vice-Chair Wolowicz moved, seconded by Member Gardiner, to approve the Consent Calendar. The motion carried as follows:
AYES: Gardiner, Long, Stern, Wolowicz, Chair Clark
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At 1:44 A.M., Chair Clark adjourned the Improvement Authority meeting.
/s/ Stefan Wolowicz
__/s/ Carolynn Petru__