IA MINS 20081106 ADJ MINUTES
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
ADJOURNED REGULAR MEETING
NOVEMBER 6, 2008
The meeting was called to order at 10:46 P.M. by Chair Stern at Fred Hesse
Community Park, 29301 Hawthorne Boulevard, notice having been given with affidavit
thereto on file.
Improvement Authority roll call was answered as follows:
PRESENT: Clark, Long, Wolowicz, and Chair Stern
ABSENT: Gardiner (excused)
Also present were Chief Administrative Officer Carolyn Lehr, Commission Attorney
Carol Lynch, Deputy Administrative Officer Carolynn Petru, and Commission Secretary
Carla Morreale.
APPROVAL OF AGENDA:
Commissioner Wolowicz moved, seconded by Commissioner Long, to approve the
Agenda, as submitted.
Without objection, Chair Stern so ordered.
APPROVAL OF CONSENT CALENDAR:
Commissioner Wolowicz moved, seconded by Commissioner Long, to approve the
Consent Calendar.
The motion carried as follows:
AYES: Clark, Long, Wolowicz, and Chair Stern
NOES: None
ABSTAIN: None
ABSENT: Gardiner
Approval of the Minutes (2200)
Approved the minutes of October 7, 2008.
Revision to Investment Policy— FY08-09 (2200)
Approved the proposed revision to the FY08-09 Investment Policy for the Rancho Palos
Verdes Improvement Authority to enable further diversification of the City's cash
portfolio as may be deemed appropriate.
August 2008 Monthly Report of Cash Balances (2200)
Received and filed the August 2008 Monthly Report of Cash Balances for the Rancho
Palos Verdes Improvement Authority.
Register of Demands
ADOPTED RESOLUTION NO. IA 2008-12, 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:
None.
ADJOURNMENT:
At 10:47 P.M., Chair Stern adjourned the Improvement Authority meeting.
...M.I
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Attest:
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Commission Secretary
W:\City Council IA Minutes\2008\20081106 IA MINS.doc
Improvement Authority Minutes
November 6, 2008
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