M I N U T E S
REGULAR MEETING
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
OCTOBER 4, 2005

The meeting was called to order at 1:42 A.M. by Chair Clark at Fred Hesse Community Park, 29301 Hawthorne Boulevard.

PRESENT: Gardiner, Long, Stern, Wolowicz, Chair Clark
ABSENT: None

Also present were Executive Director Evans; Agency Attorney Lynch; Agency Secretary Petru; and Recording Secretary Bothe.

APPROVAL OF AGENDA:

Member Long moved, seconded by Member Gardiner, to approve the Agenda as submitted. Without objection, Chair Clark so ordered.

APPROVAL OF CONSENT CALENDAR:

Approval of the Minutes (1900)
Approved the Minutes of July 5, 2005.
Redevelopment Agency Investment Policy – FY 05-06 (1900)
1) Adopted and Filed the FY 05-06 Investment Policy for the Rancho Palos Verdes Redevelopment Agency; and, 2) Retained 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.
Member Gardiner moved, seconded by Member Long, to approve the Consent Calendar as presented. The motion carried as follows:
AYES: Gardiner, Long, Stern, Wolowicz, Chair Clark
NOES: None
ABSTAIN: None
ABSENT: None
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PUBLIC COMMENTS:
None.
ADJOURNMENT:
At 1:43 A.M., Member Gardiner moved, seconded by Vice-Chair Wolowicz, to adjourn to the Improvement Authority meeting. Without objection, Chair Clark so ordered.

/s/ Stefan Wolowicz
Chair

Attest:

/s/ Carolynn Petru
Agency Secretary