IA MINS 20040803MINUTES
REGULAR MEETING
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY COMMISSION
AUGUST 3, 2004
The regular meeting was called to order at 11:01 P.M. by Chair Gardiner at Fred
Hesse Park, 29301 Hawthorne Boulevard.
PRESENT: Clark, Long, Stern, Wolowicz, Chair Gardiner
ABSENT: None
Also present were Chief Administrative Officer Les Evans; Assistant Chief
Administrative Officer Carolynn Petru; Commission Attorney Carol Lynch; Director
of Planning, Building and Code Enforcement Joel Rojas; Finance Director Dennis
McLean; Commission Secretary Jo Purcell; and Recording Secretary Denise
Bothe.
APPROVAL OF AGENDA:
Commissioner Stern moved to approve the Agenda as submitted. Without
objection, Chair Gardiner so ordered.
APPROVAL OF CONSENT CALENDAR:
Commissioner Stern moved, seconded by Commissioner Long, to approve the
Consent Calendar, but to amend the investment policy language on page 5 as
follows: "The Treasurer shall utilize LAIF or substantially comparable pooled funds
to the greatest extent feasible and practical."
June 2004 Treasurer's Report. (2200)
Received and filed.
FY 04 -05 Improvement Authority Investment Policy. (2200)
Adopted the FY 04 -05 Investment Policy for the Rancho Palos Verdes
Improvement Authority as amended.
Resol No. IA 2004 -08: Register of Demands.
ADOPTED RESOLUTION NO. IA 2004 -08, 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.
The motion to approve the amended Consent Calendar carried on the following roll
call vote:
AYES: Clark, Long, Stern, Wolowicz, Chair Gardiner
NOES: None
ABSENT: None
# # # # # # # # # # # #
PUBLIC COMMENTS:
None.
ADJOURNMENT:
The Improvement Authority meeting was adjourned at 11:02 P.M.
Attest:
Commission Secretary
WA2004 IA Minutes \08032004 IA MINS.doc
Improvement Authority Minutes
August 3, 2004
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