HomeMy WebLinkAboutAnnual 02-19-04
MINUTES OF THE ANNUAL REGULAR MEETING
OF THE BOARD OF DIRECTORS
CITY OF DOWNEY PUBLIC FACILITIES FINANCING CORPORATION
FEBRUARY 19, 2004
The Annual Regular Meeting of the Board of Directors of the City of Downey Public
Facilities Financing Corporation was called to order at 5:02 p.m., February 19, 2004, in the
Administrative Services Conference Room of the Downey City Hall, President John Kennedy
presiding.
PRESENT:
John Kennedy, President (District 5)
Nikki Utermohlen, Treasurer (District 1)
Carl Jackson, Secretary (District 3)
ABSENT:
Doris Patterson, Director (District 4) - excused
Vacant (District 2)
ALSO PRESENT:
Lee Powell, Chief Financial Officer
Kathleen L. Midstokke, Assistant Secretary
MINUTES
It was moved by Treasurer Utermohlen, seconded by Secretary Jackson, and unanimously
approve theMinutes of the Regular Meeting of February 27, 2003
carried (3-0) to .
FINANCIAL REPORT - JUNE 30, 2003
Chief Financial Officer Powell explained that the Financial Report now shows the 2002
debt related to the Golf Course project which is new since the organization reorganized.
It was moved by Secretary Jackson, seconded by Treasurer Utermohlen, and unanimously
receive and file the Financial Report
carried (3-0) to as submitted.
ELECTION OF OFFICERS
It was moved by Treasurer Utermohlen, seconded by Secretary Jackson, and unanimously
reelect the following officers:
carried (3-0) to
John Kennedy, President
Nikki Utermohlen, Treasurer
Carl Jackson, Secretary
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Pub. Facilities Financing Corp. Minutes 02/19/04
ORAL COMMUNICATIONS:
No one came forward to speak.
OTHER BUSINESS
At this time, Chief Financial Officer Powell updated the Board on the status of the Golf
Course Clubhouse remodel which is scheduled to be completed in August 2004. Furniture has
been ordered recently and construction is being started on a portion of the parking lot.
ADJOURNMENT
It was moved by Secretary Jackson, seconded by Treasurer Utermohlen, and unanimously
adjourn
carried (3-0) to the meeting at 5:07 p.m.
Respectfully submitted,
Kathleen L. Midstokke, Assistant Secretary
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Pub. Facilities Financing Corp. Minutes 02/19/04