HomeMy Public PortalAboutM2006-10-03-LPFALYNWOOD PUBLIC FINANCE AUTHORITY
REGULAR MEETING
OCTOBER 3, 2006
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The Lynwood Public Finance Authority of the City of Lynwood met in a regular meeting
at 11330 Bullis Road on the above date at 6:01 p.m.
President Vasquez presiding.
Members Byrd, Johnson, Pedroza, Santillan, and Vasquez were present.
Also present were Chief Administrative Officer Martinez, City Attorney Beltran,
Secretary Hooper, and City 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 Calendar will be acted upon by one motion
affirming the action recommended on the agenda. There will be no separate discussion
on these items prior to voting unless members of the Authority or staff request specific
items be removed from the Consent Calendar for separate action.
Item #4 MINUTES OF PREVIOUS MEETINGS:
• Regular Meeting -September 19, 2006
CLOSED SESSION
Item #5 With respect to every item of business to be discussed in closed session
pursuant to Section 54956.8:
A. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Properties: See listing of properties by Address and Assessor
Parcel Numbers in Attachment "A" to this agenda.
Authority Negotiator: Authority Members, Chief Administrative
Officer, Authority Counsel, Development Services
Director and Universal Field Services, Inc.
Negotiating: See listing of properties and property owners ("Seller"
or "Seller's") in Attachment "A" to this agenda.
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Under Negotiation: Price and terms of payment -Seeking authority to
make offer to Seller's for acquisition of property and,
where appropriate, value of immovable fixtures and
equipment, provision of appropriate relocation
benefits and compensation for potential loss of
goodwill to parties legally entitled thereto.
It was moved by Member Santillan, seconded by Member Byrd, and carried to
recess to Closed Session at 8:52 p.m.
Agency Members reconvened at 10:30 p.m.
City Attorney Beltran stated that the Agency Members met on the aforementioned
matters and with respect to the following:
A. CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Properties: See listing of properties by Address and Assessor
Parcel Numbers in Attachment "A" to this agenda.
Authority Negotiator: Authority Members, Chief Administrative
Officer, Authority Counsel, Development Services
Director and Universal Field Services, Inc.
Negotiating: See listing of properties and property owners ("Seller"
or "Seller's") in Attachment "A" to this agenda.
Under Negotiation: Price and terms of payment -Seeking authority to
make offer to Seller's for acquisition of property and,
where appropriate, value of immovable fixtures and
equipment, provision of appropriate relocation
benefits and compensation for potential loss of
goodwill to parties legally entitled thereto.
The Agency members reached consensus (5-0) and
provided further instructions to staff regarding the
possible disposition of the matter.
No action was taken.
ADJOURNMENT
Having no further discussion, it was moved by Member Santillan, seconded by Member
Byrd, and carried to adjourn the regular Lynwood Public Finance Authority meeting at
10:33 p.m.
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eticia Vasquez, Preside Andrea L. Hooper, Secretary