HomeMy WebLinkAbout07/26/2005 - Public FacilitesNEWPORT BEACH PUBLIC FACILITIES CORPORATION
MINUTES
July 26, 2005
1. CALL THE MEETING TO ORDER.
The meeting was called to order by Mayor Heffernan at 4:00 p.m. The roll call was as
follows:
Present: Selich, Rosansky, Webb, Ridgeway, Daigle (arrived at 4:08 p.m.), Nichols, Mayor
Heffernan
Absent: None
2. ELECTION OF OFFICERS.
Motion by Council Member Ridgeway to elect the Mayor as Chairperson of the
Corporation, the Mayor Pro Tem as Vice - Chairperson of the Corporation, the Council
Members as the Corporation's Board of Directors, the City Manager as the Corporation's
Secretary, and the Administrative Services Director as the Corporation's Treasurer for the
2005 -2006 fiscal year.
The motion carried by the following roll call vote:
Ayes: Selich, Rosansky, Webb, Ridgeway, Nichols, Mayor Heffernan
Noes: None
Abstain: None
Absent: Daigle
3. APPROVAL OF MINUTES FROM THE MEETING OF JULY 13, 2004.
Motion by Mayor Pro Tem Webb to waive reading of subject minutes, approve as written
and order filed.
The motion carried by the following roll call vote:
Ayes: Rosansky, Webb, Ridgeway, Nichols, Mayor Heffernan
Noes: None
Abstain: Selich
Absent: Daigle
4. NEWPORT BEACH PUBLIC FACILITIES CORPORATION FINANCIAL REPORT.
Corporate Treasurer Dennis Danner provided the staff report on the item and responded to
questions.
Dolores Otting expressed her confusion over the various types of debt instruments used by
the City and when a vote of the public is required.
Motion by Mayor Pro Tem Webb to receive and file the Financial Report.
The motion carried by the following roll call vote:
Ayes: Selich, Rosansky, Webb, Ridgeway, Daigle, Nichols, Mayor Heffernan
Noes: None
Abstain: None
Absent: None
5. PUBLIC COMMENTS - None.
6. ADJOURNMENT - 4:18 p.m.