HomeMy Public PortalAboutM2006-10-17-LPFALYNWOOD PUBLIC FINANCE AUTHORITY
REGULAR MEETING
OCTOBER 17, 2006
The Lynwood Public Finance Authority of the City of Lynwood met in a regular meeting
at 11330 Bullis Road on the above date at 5:32 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 discussiun
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.
~~ It was moved by Member Santillan, seconded by Member Byrd, to approve the minutes
and receive & file the August 2006 condition of funds
Item #4 MINUTES OF PREVIOUS MEETINGS:
• Regular Meeting -October 3, 2006
Item #5 AUGUST 2006 STATEMENT ON THE CONDITION OF FUNDS
Receive and file this Monthly Statement on the Condition of Funds for the City of
Lynwood, Lynwood Redevelopment Agency, and Lynwood Information, Inc., for August
2006.
ROLL CALL
AYES: MEMBERS BYRD, JOHNSON, PEDROZA, SANTILLAN, AND VASOUEZ
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
CLOSED SESSION
Item #6 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.
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 Byrd, seconded by Member Pedroza, and carried to ~
recess to Closed Session at 8:42 p.m.
Agency Members reconvened at 10:05 p.m.
City Attorney Beltran stated that President Vasquez did not participate during the
discussion of Closed Session. The 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. I ';
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.
No action was taken.
ADJOURNMENT
Having no further discussion, it was moved by Member Byrd, seconded by Member
Santillan, and carried to adjourn the regular Lynwood Public Finance Authority meeting
at 10:14 p.m.
ticia Vasquez, President Andrea L. Hooper, Secretary I ~