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IA MINS 20180807 MINUTES RANCHO PALOS VERDES IMPROVEMENT AUTHORITY REGULAR MEETING AUGUST 7, 2018 The meeting was called to order at 11:05 P.M. by Chair Brooks at Fred Hesse Community Park, 29301 Hawthorne Blvd., Rancho Palos Verdes, CA 90275. Improvement Authority roll call was answered as follows: PRESENT: Alegria, Cruikshank, Dyda, Duhovic, and Chair Brooks ABSENT: None Also present were Doug Willmore, Chief Executive Officer; Bill Wynder, Commission Counsel; Gabriella Yap, Assistant Executive Officer; Deborah Cullen, Director of Finance; Ara Mihranian, Director of Community Development; Cory Linder, Director of Recreation and Parks; Elias Sassoon, Director of Public Works, and Emily Colborn, Commission Secretary. Also present was Sergeant Digerlando, Lomita Station, Los Angeles County Sheriff's Department. Commissioner Dyda moved, seconded by Vice Chair Duhovic, to approve the Agenda and Consent Calendar, as presented. The motion carried as follows: AYES: Alegria, Cruikshank, Dyda, Duhovic, and Chair Brooks NOES: None ABSENT: None APPROVAL OF AGENDA: The agenda was approved as presented. CONSENT CALENDAR: A. Approval of the Minutes Approved the Minutes of the July 17, 2018 Special Meeting. B. Register of Demands Adopted Resolution No. IA 2018-07, 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. C. Consideration and possible action regarding the June 2018 Cash Balances/Monthly Treasurer's Report. Received and filed the June 2018 Cash Balances/Monthly Treasurer's Report. D. Consideration and possible action to review and adopt the FY18-19 Investment Policy for the Rancho Palos Verdes Improvement Authority (Authority). Adopted the FY18-19 Investment Policy for the Rancho Palos Verdes Improvement Authority (Authority). E. Consideration and possible action to receive and file the 2018 Local Agency Biennial Notice for the Rancho Palos Verdes Improvement Authority and indicating that the Conflict of Interest Code be amended and updating the Conflict of Interest Code. Received and filed the 2018 Local Agency Biennial Notice for the Rancho Palos Verdes Improvement Authority, indicating that the Conflict of Interest Code be amended; and, 2) Adopted Resolution No. IA 2018-08, A RESOLUTION OF THE RANCHO PALOS VERDES IMPROVEMENT AUTHORITY, ADOPTING A CONFLICT OF INTEREST CODE WHICH INCORPORATES BY REFERENCE THE STANDARD CONFLICT OF INTEREST CODE PREPARED BY THE FAIR POLITICAL PRACTICES COMMISSION AND REPEALING RESOLUTION NO. IA 2016-07. REGULAR BUSINESS: F. Consideration and possible action regarding the FY 18-19 Improvement Authority Budget. Vice Chair Duhovic moved, seconded by Commissioner Dyda, to adopt Resolution No. IA 2018-09, A RESOLUTION OF THE RANCHO PALOS VERDES JOINT POWERS IMPROVEMENT AUTHORITY ADOPTING THE OPERATING BUDGET FOR FISCAL YEAR 2018-2019. The motion passed on the following roll call vote: AYES: Alegria, Cruikshank, Dyda, Duhovic, and Mayor Brooks NOES: None ABSENT: None PUBLIC COMMENTS: None. Improvement Authority Minutes August 7, 2018 Page 2 of 3 ADJOURNMENT: At 11:06 P.M., Chair Brooks adjourned the Improvement Authority meeting. Attes ': Ch it AIL 1 11:07114A - -ion Secretary Improvement Authority Minutes August 7, 2018 Page 3 of 3