This facility is disabled accessible.  Auxiliary aids and services are available for individuals with speech, vision or hearing impairments (48 hour notice is required).  Please contact the ADA Coordinator at (818) 238-5021 voice or (818) 238-5035 TDD with questions or concerns.

                                                                             

6:30 P.M.

 

                                                                             

                                    INVOCATION:                       Reverend Sally Kinarthy, Saint Joseph�s Medical Center.

                                                                                               The Courts have concluded that sectarian prayer as part of City Council meetings is not permitted

                                                                                                under the Constitution.

 

FLAG SALUTE:

 

ROLL CALL:

 

 

JOINT MEETING WITH THE CITY COUNCIL, HOUSING AUTHORITY, PARKING AUTHORITY AND YOUTH ENDOWMENT SERVICES FUND BOARD:

 

                         1.      2004 INVESTMENT POLICY:

 

The 2004 Investment Policy for the Investment Pool comprised of the City, Redevelopment Agency, Parking Authority, Youth Endowment Services, and separately for the Housing Authority is being presented for approval.

 

The only recommended change this year is the monthly liquidity requirement which has increased from $60 million to $67 million due to Burbank Water and Power reserves being higher for Fiscal Year 2003-04.

 

The 2003 Investment Policy was submitted to the Association of Public Treasurers of the United States and Canada last year and it was certified as a comprehensive written investment policy that meets the criteria set forth by the Association�s Investment Policy Certification Committee.  This is the first time that the City�s Investment Policy has been certified.     

 

Recommendation:

 

Staff recommends that the Redevelopment Agency approve the 2004 Investment Policy as submitted.

 

 

CONSENT CALENDAR: (Items 2 and 3)

 

The following items may be enacted by one motion.  There will be no separate discussion on these items unless a Council Member so requests, in which event the item will be removed from the consent calendar and considered in its normal sequence on the agenda. A roll call vote is required for the consent calendar.