HomeMy Public PortalAboutM2005-02-01-LIILYNWOOD INFORMATION, INC.
REGULAR MEETING
FEBRUARY 1, 2005
The Lynwood Information, Inc. of the City of Lynwood met in a Regular Meeting in the
Council Chambers, 11330 Bullis Road on the above date at 6:20 p.m.
Chairman Rodriguez presiding.
Directors Byrd, Pedroza, Santillan, Vasquez, and Rodriguez answered the roll call.
Also present were Interim City Manager Wang, City Attorney Beltran, Secretary Hooper
and Treasurer Pygatt.
Secretary Hooper announced that the agenda had been posted in accordance with the
Brown Act.
PUBLIC ORAL COMMUNICATIONS
(Regarding Agenda Items Only)
NONE
PUBLIC ORAL COMMUNICATIONS
NONE
CONSENT CALENDAR
All matters listed under the Consent Calendaz will be acted upon one motion affirming
the action recommended on the agenda. There will be no sepazate discussion on these
items prior to voting unless members of the Council or staff request specific items be
removed from the Consent Calendar for separate action.
It was moved by Director Byrd, second by Director Pedroza to receive and file and
approve the following items and adopt the following Resolution.
Item #4: MINUTES OF PREVIOUS MEETING:
Regular Meeting, January 7, 2005
Item #5: WARRANT REGISTER
RESOLUTION NO. 2005.003 ENTITLED:
A RESOLUTION OF THE LYNWOOD INFORMATION INC. OF LYNWOOD,
CALIFORNIA, ALLOWING AND APPROVING THE DEMANDS AND
WARRANTS THEREFORE.
Item #6: COMCAST INTERNET BASED PHONE SERVICE
The purpose of this item is to inform the Board of Directors of Lynwood Information
Incorporated of Comcast's plan to provide millions of customers with an Internet based
phone service.
Item #7: INVESTMENT POLICY - LYNWOOD INFORMATION INC.
The investment policies and practices of the Lynwood Information Inc. of the City of
Lynwood aze based on state laws and principals of prudent money management. This
statement is intended to provide guidelines for the prudent investment of idle and surplus
cash, while meeting the short and long-term cash flow demands, and it is submitted
annually for City review. The primary goals of these policies are:
1. To assure compliance with all federal, state, and local laws governing the
investment of monies under the control of the Treasurer.
2. To protect the principal and asset holdings of the City's portfolio.
3. To generate the maximum amount of investment income within the
parameters of these investment policies and guidelines for suitable
investments.
4. To ensure that adequate liquidity is provided for the prompt and efficient
handling of City disbursements.
ROLL CALL:
AYES: DIRECTOR BYRD, PEDROZA, SANTILLAN, VASQUEZ AND - ~
RODRIGUEZ
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
ADJOURNMENT
Having no further discussion, it was moved by Director Pedroza, seconded by
Chairperson Rodriguez and carried to adjourn the Regular Lynwood Information Inc,
Meeting at 6:2~ p.m.
Ramon Ro nguez, Chairman
<<~~ ~ 5~~
Andrea L. Hooper, Secretary