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RPVCCA_IA_DM_2010_08_03_01_IA_Draft_Mins_20100706DRAFT MINUTES RANCHO PALOS VERDES IMPROVEMENT AUTHORITY REGULAR MEETING JULY 6,2010 The meeting was called to order at 10:15 P.M.on July 6,2010,by ChairWolowicz at Fred Hesse Community Park,29301 Hawthorne Boulevard. Improvement Authority roll call was answered as follows: PRESENT:Campbell,Long,Misetich,Stern,and Chair Wolowicz ABSENT:None 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 Long moved,seconded by Commissioner Stern,to approve the Agenda as presented. Without objection,Chair Wolowicz so ordered. APPROVAL OF CONSENT CALENDAR: Vice Chair Long moved,seconded by Commissioner Stern,to approve the Consent Calendar. The motion carried as follows: AYES: NOES: ABSTAIN: ABSENT: Campbell,Long,Misetich,Stern,and Chair Wolowicz None None None Approval of the Minutes Approved the minutes of the June 1,2010 Regular Meeting. FY10-11 Improvement Authority Budget ADOPTED RESOLUTION NO.IA 2010-07,A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY,ADOPTING THE IA 1-1 OPERATING BUDGET FOR FISCAL YEAR 2010-2011. Improvement Authority Investment Policy -FY10-11 Adopted and filed the FY10-11 Investment Policy for the Rancho Palos Verdes Improvement Authority. May 2010 Monthly Report of Cash Balances Received and filed the May 2010 Monthly Report of Cash Balances for the Rancho Palos Verdes Improvement Authority. Register of Demands ADOPTED RESOLUTION NO.IA 2010-08,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. ######## PUBLIC COMMENTS: None. ADJOURNMENT: At 10:16 A.M.,ChairWolowicz adjourned the Improvement Authority meeting. Chair Attest: Commission Secretary W:\City CouncillA Minutes\201 0\201 00706 DRAFT IA MINS.doc DRAFT Improvement Authority Minutes July 6,2010 Page 2 of 2 IA 1-2