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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. # # # # # # # # PUBLIC COMMENTS: None. ADJOURNMENT: At 10:47 P.M., Chair Stern adjourned the Improvement Authority meeting. ...M.I C air Attest: ateL. / /1 / Commission Secretary W:\City Council IA Minutes\2008\20081106 IA MINS.doc Improvement Authority Minutes November 6, 2008 Page 2 of 2