RDA MINS 20040803 MINUTES
REGULAR MEETING
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
AUGUST 3, 2004
The meeting was called to order at 10:59 P.M. by Chair Gardiner at Fred Hesse
Community Park, 29301 Hawthorne Boulevard.
PRESENT: Clark, Long, Stern, Wolowicz, Chair Gardiner
ABSENT: None
Also present were Executive Director Les Evans; Assistant Executive Director
Petru; Agency Attorney Carol Lynch; Director of Planning, Building and Code
Enforcement Joel Rojas; Finance Director Dennis McLean; Agency Secretary Jo
Purcell; and Recording Secretary Denise Bothe.
APPROVAL OF AGENDA:
Member Stern moved to approve the Agenda as submitted. Motion carried without
objection.
APPROVAL OF CONSENT CALENDAR:
Member Stern moved, seconded by Member Long, to approve the Consent
Calendar as follows:
June 2004 Treasurer's Report. (1900)
Received and filed.
FY 04-05 Redevelopment Agency Investment Policy. (1900)
Adopted the FY 04-05 Investment Policy for the Rancho Palos Verdes
Redevelopment Agency.
The motion to approve the Consent Calendar carried on the following roll call vote:
AYES: Clark, Long, Stern, Wolowicz, Chair Gardiner
NOES: None
ABSENT: None
PUBLIC COMMENTS:
None.
At this time, Member Wolowicz moved, seconded by Member Long, to amend the
language in the investment policy, page 5, as follows: "The Treasurer shall utilize
LAIF or substantially comparable pooled funds to the greatest extent feasible and
practical." There being no objection, Mayor Gardiner so ordered.
ADJOURNMENT:
The Redevelopment Agency meeting was adjourned at 11:01 P.M. on motion of
Member Stern.
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Attest:
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Agency Secretary
W:\2004 RDA Minutes\08032004 RDA MINS.doc
Redevelopment Agency Minutes
August 3, 2004
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