HomeMy Public PortalAboutA 1988-01-13 LLDC � • • I: �
;� '
i
LYNWOOD LOCAL DEVELOPMENT COMPANY i;'
BOARD OF DIRECTOR'S M�ETING '
� � ��
WEDNESDAY, JANU?�RY 13, 1988 �
3:00 p.lYi. ; j I
CITY COUIQCIL CHAMBERS � ,
LYNWOOD CITY HALL —�-~ [: r•��• � . __ , ;�
11330 SULLIS ROAD � ��Ty �" "��'� u� ,� �
LYNWOOD, CALIFORNIA CI7Y OF LYFf:'JC�� �
CLEItkS OFi•ICC i '
' JAt �t 1 � �r �' �
�;.; i:,88
A G E N D A ��f�i�lldj3!(t/.;1 �, � �i.j ��
�'� 3 �'t�fC
. /l �' �
A) CALL TO ORDER �` `�����
B ) FLAG SALUTE / —/� Q�,
C) ROLL CALL ��
D) CERTIFICATION OF AGENDA POSTING
E) APPROVAL OF MINUTES - NOVEMBER 18, 1987 ' I
F) PUBLIC ORALS - ITEMS ON AGENDA ONLY
G) ITEMS FOR CONSIDERATION � � i �
1. Authorization to Conduct Bank Tran��r,tions
I �
�
Comments
Resolution No. 11, adopted August 27, 1986, authorizes the ' '
LLDC Chairman, Secretary-Treasurer and the "of£ical City of
Lynwood staff person" to conduct Bank transactions on behalf �
of the Agency. There exists a need to further clarify ,;
, 4 '�
signatqry authority by designating the Housing and Community
��
Development Coordinator and the Economic Development ' ,
Specialist as official Lynwood staff persons. All bank �' "
transactions shall require two signatures: either the LLDC '
Chairman or Secretary-Treasurer and i_he HCDA Coordinator or ��
Economic Development Specialist. � +
Recommendation '
, �
It is recommended that the P.oard adopt the attached resolu- �i
tion which designates formal signator.y a+ithority to conduct I
bank transactions. . � i
I ,
2. Warrant Register � � ;
It is recommende3 that the Board a�orove the Warrant Register. !' �
�
� �{ I
� ' �
` � i �
� ,
� � i
i�
_ �
f
• . I
.,f i
ITEMS FOR DISCISSION I
' I
1.. Report by Economic Development Corporation of Los Angeles �'
�
County.
� �
Comments
David Rosenblatt, EDC Business Consultant, will provide an �.
update on EDC activities under contract with LLDC.
2. LLDC Membership Status �
i
Comments l '(
Current LLDC members have not responded to several requests
I'
for meeting attendance, consequently, many items requesting •
ratification by a quorum of the membership have been deferred.
At the November 18, 1987 meeting of the LLDC Board of Directors, �
staff was instructed to develop a letter which would be used to
survey current members of the LLDC regarding their interest ' i
in remaining an LLDC member. .
Attached is the letter. The Board is asked to comment and approve�
the letter.
3. Financial Report �I
i �
Attached is a report on the financial status and activities of
the LLDC. �
�4 '
i
H. STAFF R�POttTS '
I'
I. BOARD ORALS ' �
1
1 ,
J. ADJOURNMENT I
. �
!I � I
j r
, ,
� I i
I4
I
� f � �
i �
I ' ;
i
� �
,
�
i t
� i
i �; I
i
�