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CITY OF CATHEDRAL CITY
MINUTES OF THE CITY COUNCIL
SITTING AS THE PUBLIC FINANCING AUTHORITY
WEDNESDAY, JANUARY 26, 2000
This meeting of the City Council, also sitting as the Public Financing Authority (PFA),
was called to order by Chairman Gary L. Amy in the Council Chamber at 68 -700
Avenida Lalo Guerrero, Cathedral City, California, on January 26, 2000, at 8:10 p.m.
with Roll Call of all members present.
ROLL CALL: Present: PFA Board Members Kathleen De Rosa, Robert
Gomer, Gregory S. Pettis, Sarah Di Grandi, and
Chairman Gary L. Amy
Absent: None
CONSENT AGENDA:
1. Proposed Reimbursement Resolution declaring intention to reimburse
expenditures from the proceeds of certain obligations and directing certain
actions related to Cathedral City Redevelopment Agency bonds secured by
low and moderate income housing funds.
Report was given by Redevelopment Director, Susan Moeller.
PFA Board Member Pettis made a motion, seconded by PFA Board Member Gomer,
carried by a 5 -0 vote, to approve this issue by Resolution No. FA - 8.
LEGISLATIVE ACTION:
2. Proposed Resolution of the Cathedral City Public Financing Authority
authorizing the issuance of 2000 Tax Allocation Revenue Bonds (Cathedral City
Merged Redevelopment Project) in the aggregate principal amount of not -to-
exceed S17,000,000, approving Indenture of Trust and Loan Agreement
authorizing sale of bonds, approving Official Statement and providing other
matters properly relating thereto.
Report was given by Redevelopment Director, Susan Moeller.
PFA Board Member Pettis made a motion, seconded by PFA Board Member Di Grandi,
carried by a 5 -0 vote, to approve the above request by Resolution No. FA -9.
PFA MINUTES
JANUARY 26, 2000
PAGE 2
ADJOURNMENT:
There being no further business to discuss, the Public Financing Authority special
meeting was adjourned at 8:38 p.m. on January 26, 2000.
.
Donna M. Velotta
Secretary