AUGUST 7, 2007 RANCHO PALOS VERDESIMPROVEMENT AUTHORITY MINUTES AUGUST 7, 2007 RANCHO PALOS VERDESIMPROVEMENT AUTHORITY MINUTES
AUGUST 7, 2007 RANCHO PALOS VERDESIMPROVEMENT AUTHORITY MINUTES

MINUTES
REGULAR MEETING
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
AUGUST 7, 2007

The meeting was called to order at 10:56 P.M. by Chair Long at Fred Hesse Community Park, 29301 Hawthorne Boulevard. 

Improvement Authority roll call was answered as follows:

PRESENT:   Gardiner, Stern, Wolowicz and Chair Long
ABSENT:      Clark (excused)

Also present were Chief Administrative Officer Carolyn Lehr, Commission Attorney Carol Lynch, Deputy Administrative Officer Carolynn Petru, Director of Finance/IT Dennis McLean, and Commission Secretary Carla Morreale.

APPROVAL OF AGENDA:

Vice Chair Stern moved, seconded by Chair Long, to approve the Agenda as submitted.  Without objection, Chair Long so ordered.

APPROVAL OF CONSENT CALENDAR:

Vice Chair Stern moved, seconded by Commissioner Wolowicz, to approve the Consent Calendar. 

The motion carried as follows:

AYES:             Gardiner, Stern, Wolowicz and Chair Long
            NOES:            None
ABSTAIN:      None
ABSENT:       Clark

Approval of the Minutes (2200)

Approved the minutes of July 3, 2007.

Improvement Authority Investment Policy – FY07-08 (2200)

1) Adopted and filed the FY07-08 Investment Policy for the Rancho Palos Verdes Improvement Authority; and, 2) ADOPTED RESOLUTION NO. IA 2007-08, A RESOLUTION OF THE RANCHO PALOS VERDES IMPROVEMENT AUTHORITY, AUTHORIZING THE CHIEF ADMINISTRATION OFFICER AND AUTHORITY TREASURER TO CONDUCT FINANCIAL TRANSACTIONS WITH VARIOUS FINANCIAL INSTITUTIONS AND DESIGNATING THE DIRECTOR OF FINANCE AND INFORMATION TECHNOLOGY AS THE AUTHORITY TREASURER.

June 2007 Treasurer’s Report (2200)

Received and filed the June 2007 Treasurer’s Report for the Rancho Palos Verdes Improvement Authority.           

Register of Demands

ADOPTED RESOLUTION NO. IA 2007-09, 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.

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PUBLIC COMMENTS:

There were no requests to speak from the audience.

ADJOURNMENT:

Commissioner Wolowicz moved to adjourn the meeting.  Chair Long adjourned the Improvement Authority meeting at 10:57 P.M.

 

                                                                                                 /s/ Thomas D. Long
                                                                                                         Chair

Attest:

 

/s/ Carla Morreale
Agency Secretary