HomeMy Public PortalAboutM 2016-02-02 - LPFALYNWOOD PUBLIC FINANCING AUTHORITY
REGULAR MEETING
February 2, 2016
The Lynwood Public Financing Authority of the City of Lynwood met in a regular
meeting in the Council Chambers, 11330 Bullis Road, Lynwood, CA on the above date
at 7:53 p.m.
President Hernandez presiding.
Members Alatorre, Santillan -Beas, Solache, Vice - President Castro and President
Hernandez v�ere present.
Also present were Chief Administrative Officer Beltr6n, Authority Counsel Garcia,
Secretary Quinonez, Interim Deputy Secretary Betancur and City Treasurer Camacho.
Secretary Quinonez announced that the Agenda had been duly posted in accordance
with the Brown Act.
Item #4. GOVERNMENT CODE SECTION 54954.3
Secretary Quinonez announced as required by Government Code Section 54954.3, that
Members of the City Council are also Members of the Lynwood Public Financing
Authority, .which is concurrently convening with the City Council and each Council
Member is paid an additional stipend of $100 for attending the Lynwood Public
Financing Authority Meeting.
Council Member Solache requested that in the spirit of clarity and transparency that he
was requesting that the language cited by the City Clerk be updated to state that
irrespective of how many Lynwood Public Financing Authority meetings the City Council
had and acted in such capacity, that they would only get a $100 stipend for each
meeting and a total of $400 for four meetings per year.
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
NONE
NONE AGENDA PUBLIC ORAL COMMUNICATIONS
NONE
1
CONSENT CALENDAR
MOTION: It was moved by Vice President Castro, Seconded by Council Member
Solache to approve the consent calendar and receive and file staff reports. Motion
carried by a 5 -0 vote.
Item #5. MINUTES OF PREVIOUS MEETINGS:
Regular Meeting — November 3, 2015
ROLL CALL
AYES: COUNCIL MEMBERS ALATORRE, SANTILLAN -BEAS, SOLACHE,
CASTRO AND MAYOR HERNANDEZ
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
Item #6. TREASURER'S QUARTERLY INVESTMENT REPORT
Received and Filed by Minute Order No. 2016 -002
Item #7. TREASURER'S INVESTMENT POLICY STATEMENT
Item was heard in conjunction with the Treasurer's Investment Policy Statement on the
regular City Council, Lynwood Successor Agency, and Lynwood Housing Authority
agendas and carried by unanimous consent.
RESOLUTION NO. 2016.002 ENTITLED:
A RESOLUTION OF THE LYNWOOD PUBLIC FINANCING AUTHORITY OF THE
CITY OF LYNWOOD APPROVING THE TREASURER'S INVESTMENT POLICY
STATEMENT
ADJOURNMENT
Having no further discussion, it was moved by Vice President Castro, seconded by
Member Solache to adjourn the regular meeting of the Lynwood Public Financing
Authority meeting at 7:57 p.m. and convene to the Lynwood Utility Authority meeting.
Motion carried by unanimous consent.
lif =
q.- 7
Edwin Hernandez, Presici nt
PA
Maria Quinonez, uthority Sec ary