HomeMy Public PortalAboutM2006-12-05-LPFALYNWOOD PUBLIC FINANCE AUTHORITY
REGULAR MEETING
DECEMBER 5, 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 5:30 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.
It was moved by Member Santillan, seconded by Member Pedroza, to adopt the
minutes and receive & file the Treasurer's Quarterly Investment Report.
Item #4 MINUTES OF PREVIOUS MEETINGS:
• Regular Meeting -November 7, 2006
Item #5 TREASURER'S QUARTERLY INVESTMENT REPORT
Receive and file the Quarterly Investment Report-for the quarter ending March 31, 2006.
ROLL CALL
AYES: MEMBERS BYRD, JOHNSON, PEDROZA, SANTILLAN, AND VASQUEZ
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
CLOSED SESSION
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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 Santillan, seconded by Member Byrd, and carried to
recess to closed session at 7:20 p.m.
Agency Members reconvened at 8:07 p.m.
City Attorney Beltran stated that the Council 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 fo parties legally entitled thereto.
Status report was provided. 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
8:10 p.m., in memory of Charles Banks.
Leti is Vasquez, President
LOUIS BYRD, President
Andrea L. Hooper, Secretary
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