IA MINS 20051004 MINUTES
REGULAR MEETING
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
ABSENT: None
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
NOES: None
ABSTAIN: None
ABSENT: None
# # # # # # # # # # # #
PUBLIC COMMENTS:
None.
ADJOURNMENT:
At 1:44 A.M., Chair Clark adjourned the Improvement Authority meeting.
f
411111/ ,.._ • .
air
Attest:
Commitsion Secretary
W:\City Council IA Minutes\2005\20051005 IA MINS.doc
Improvement Authority Minutes
October 4, 2005
Page 2 of 2
•