IA MINS 20090407 MINUTES
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
REGULAR MEETING
APRIL 7, 2009
The meeting was called to order at 10:22 P.M. by Chair Clark at Fred Hesse Community
Park, 29301 Hawthorne Boulevard.
Improvement Authority roll call was answered as follows:
PRESENT: Long, Wolowicz, and Chair Clark
ABSENT: Gardiner (excused) and Stern (excused)
Also present were Chief Administrative Officer Carolyn Lehr, Deputy Administrative
Officer Carolynn Petru, Commission Attorney Carol Lynch, Director of Finance and
Information Technology Dennis McLean, and Commission Secretary Carla Morreale.
APPROVAL OF AGENDA:
Vice Chair Wolowicz moved, seconded by Commissioner Long, to approve the Agenda,
as submitted.
Without objection, Chair Clark so ordered.
APPROVAL OF CONSENT CALENDAR:
Commissioner Long moved, seconded by Vice Chair Wolowicz, to approve the Consent
Calendar.
The motion carried as follows:
AYES: Long, Wolowicz, and Chair Clark
NOES: None
ABSTAIN: None
ABSENT: Gardiner and Stern
Approval of the Minutes (2200)
Approved the minutes of the March 3, 2009 Regular Meeting.
November 2008 Monthly Report of Cash Balances (2200)
Received and filed the November 2008 Monthly Report of Cash Balances for the
Rancho Palos Verdes Improvement Authority.
December 2008 Monthly Report of Cash Balances (2200)
Received and filed the December 2008 Monthly Report of Cash Balances for the
Rancho Palos Verdes Improvement Authority.
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 its cash portfolio as
may be deemed appropriate.
Register of Demands
ADOPTED RESOLUTION NO. IA 2009-03, 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 10:23 P.M., Chair Clark adjourned the Improvement Authority meeting.
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Attest:
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Commission Secretary
W:\City Council IA Minutes\2009\20090407 IA MINS.doc
Improvement Authority Minutes
April 7, 2009
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