IA MINS 19971118 ADJMINUTES
RANCHO PALOS VERDES IMPROVEMENT AUTHORITY
ADJOURNED REGULAR MEETING
NOVEMBER 18, 1997
The meeting was called to order at 9:17 P.M. by Chairman McTaggart at the
Hesse Park Community Center, 29301 Hawthorne Boulevard.
PRESENT: Lyon, Byrd, Ferraro, Hollingsworth, and Chair McTaggart
ABSENT: None
Also present were Chief Administrative Officer Paul Bussey; Director of Public
Works Les Evans; Authority Attorney Carol Lynch; Finance Director Dennis
McLean; Authority Secretary Jo Purcell; and Recording Secretary Monica
Ponce.
APPROVAL OF THE AGENDA:
Commissioner Byrd moved, seconded by Commissioner Ferraro to approve the
agenda. Motion carried.
REGULAR BUSINESS:
Resol. No. IA 97 -14 - Abalone Cove Assessment Bond Restructuring (602 x
2200)
Director of Finance McLean presented the Staff Report of November 18 and the
recommendation to adopt the proposed resolution authorizing the execution and
delivery of a purchase agreement and actions related thereto.
Commissioner Byrd moved, seconded by Commissioner Ferraro to Adopt Resol.
No. IA 97 -14 Authorizing the execution and delivery of a purchase agreement
and actions related thereto.
The motion carried on the following roll call vote:
Ayes: Ferraro, Byrd, Lyon, Hollingsworth & Chair McTaggart
Noes: None
Adjournment: The meeting adjourned at 9:39 P.M. on motion of Commissioner
Byrd.
Attest:
Authority Secretary
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