HomeMy WebLinkAboutAnnual 03-27-08
MINUTES OF THE ANNUAL REGULAR MEETING
OF THE BOARD OF DIRECTORS
CITY OF DOWNEY PUBLIC FACILITIES FINANCING CORPORATION
MARCH 27, 2008
The Annual Regular Meeting of the Board of Directors of the City of Downey
Public Facilities Financing Corporation was called to order at 5:04 p.m., March 27,
2008, in the Administrative Services Conference Room of the Downey City Hall, located
at 11111 Brookshire Avenue, Downey, California, President John Kennedy presiding.
PRESENT:
John Kennedy, President (District 5)
Carl Jackson, Secretary (District 3)
Doris Patterson, Director (District 4)
ABSENT:
Nikki Utermohlen, Treasurer (District 1) – excused
Vacant (District 2)
ALSO PRESENT:
Lee Powell, Chief Financial Officer
Kathleen L. Midstokke, Assistant Secretary
3. APPROVED MINUTES.
It was moved by Secretary Jackson, seconded by Director Patterson, and
approve theMinutes of the Regular Meeting of
unanimously carried (3/0) to
February 15, 2007
.
4. RECEIVED AND FILED ANNUAL COMPONENT UNIT FINANCIAL
STATEMENTS WITH REPORT ON AUDIT DATED JUNE 30, 2007.
Chief Financial Officer Powell noted there is nothing remarkable about the
report, explaining that the bond issue for the City Hall complex will be paid off in
January of 2009.
It was moved by Director Patterson, seconded by Secretary Jackson, and
receive and file the Financial Report
unanimously carried to as submitted.
5. ELECTED OFFICERS.
It was moved by Secretary Jackson, seconded by President Kennedy, and
reelect the following officers:
unanimously carried to
John Kennedy, President
Nikki Utermohlen, Treasurer
Carl Jackson, Secretary
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Pub. Facilities Financing Corp. Minutes 03/27/08
PUBLIC COMMENT:
No one came forward to speak.
ADJOURNMENT:
5:00 p.m., February 19, 2009
The meeting adjourned at 5:10 p.m., to .
__________________________________
Kathleen L. Midstokke, Assistant Secretary
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Pub. Facilities Financing Corp. Minutes 03/27/08