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Housing Minutes 06-27-2006• • MINUTES OF THE REGULAR MEETING ROSEMEAD HOUSING DEVELOPMENT CORPORATION June 27, 2006 President Taylor called the Regular Meeting of the Rosemead Housing Development Corporation to order at 7:31 p.m. in the Conference Room of City Hall, 8838 E. Valley Boulevard, Rosemead, California. President Taylor led the pledge to the flag and Director Clark led the invocation. ROLL CALL OF OFFICERS; Present: Director Clark, Imperial, Tran, Vice-President Nunez, President Taylor Absent: None 1. PUBLIC COMMENTS FROM THE AUDIENCE None 2. CONSENT CALENDAR The following Resolution was presented to the Rosemead Housing Development Corporation for adoption: A. Resolution No. 2006-01 Claims and Demands Recommendation: Adopt Resolution No. 2006-01, for payment of Corporation expenditures in the amount of $353,473.00 demands 1478 through 1482. B. Approval of Minutes November 22, 2005 - Regular Meeting December 27, 2005 - Regular Meeting C. 2006-07 Rosemead Housing Development Corporation Budget The 2006-07 Annual Budget includes expenditures of $795,900 with total funds available of $799,834, resulting with an ending fund balance of $3,934. The budget document presented at the Budget Study Session held on June 6, 2006. Housing Minutes 062706 Page 1 of 2 0 0 Recommendation: That the Housing Development Corporation approve the 2006-07 Housing Development Corporation Budget by adopting Resolution No. 2006-02. Director Tran made a motion, with a second by Vice-President Nunez that the Corporation adopts the aforementioned Consent Calendar items with minor corrections on the second page of the December 27, 2005 minutes. Vote resulted: Aye: Clark, Imperial, Nunez, Taylor, and Tran No: None Absent: None Abstain: None The President declared said motion duly carried and so ordered. 3. MATTERS FROM THE PRESIDENT & DIRECTORS None 4. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF None 5. ADJOURNMENT Being no further action at this time, the meeting was adjourned at 7:35 p.m. Respectfully submitted: APPROVED: Corporation Secretary PRESI T Housing Minutes 06_2706 Page 2 of 2 STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS. CITY OF ROSEMEAD ) 0 I, Nina Castruita, Corporation Secretary of the City of Rosemead Housing Development Corporation, do hereby certify that the minutes from June 27, 2006 were duly and regularly approved and adopted by the Rosemead Housing Development Corporation on the 19th of December 2006, by the following vote to wit: Yes: CLARK, IMPERIAL, NUNEZ, TAYLOR, TRAN No: NONE Absent: NONE Abstain: NONE Lma, x - Nina Castruita Corporation Secretary