HomeMy WebLinkAboutRDA 00 AGENDA 09-02-08CITY OF TUSTIN
REGULAR MEETING OF THE
COMMUNITY REDEVELOPMENT AGENCY •
Doug Davert, Chair Pro Tem
Lou Bone, Agency member
Tony Kawashima, Agency member
Jim Palmer, Agency member Jerry Amante, Chair
CALL TO ORDER — Meeting #726
ATTENDANCE
SEPTEMBER 2, 2008
COUNCIL CHAMBER
300 CENTENNIAL WAY, TUSTIN
William A. Huston, Executive Director
Douglas C. Holland, Legal Counsel
Pamela Stoker, Recording Secretary
George Jeffries, City Treasurer
PUBLIC INPUT — Refer to City Council Agenda First Public Input
REGULAR BUSINESS ITEMS
(Agenda Item 1 and 2)
1. APPROVAL OF MINUTES - REGULAR MEETING OF AUGUST 5, 2008
Recommendation: Approve the Redevelopment Agency Minutes of August 5,
2008.
2. WORKING CAPITAL LOAN AND ADMINISTRATIVE SERVICES
AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE TUSTIN
COMMUNITY REDEVELOPMENT AGENCY
The approval of this loan and administrative services agreement between the
City of Tustin and the Tustin Community Redevelopment Agency will comply
with Section 33675 of the California Health and Safety Code regarding the
allocation and payment of tax increment to Redevelopment Agencies, and
provide the resources necessary to carry out the Agency's programs.
Recommendations:
2.a. Approve Working Capital loan of $4,650,000 to the South Central
Project Area through August 31, 2009.
NOTE: As required by Senate Bill 343, any non -confidential writings or documents
provided to a majority of the Community Redevelopment Agency members
regarding any item on this agenda will be made available for public inspection in
the City Clerk's office located at 300 Centennial Way, Tustin, CA during normal
business hours.
2.b. Authorize the Mayor and the Chairperson of the Agency to execute the
attached agreement for 2008-2009, offering and accepting a loan and
various services from the City to the Agency totaling $5,725,000 for
fiscal year 2008-2009.
ADJOURNMENT — Next regular meeting is scheduled for Tuesday, September 16, 2008
at 7:00 p.m. in the Council Chamber, 300 Centennial Way, Tustin,
California
Community Redevelopment Agency Meeting September 2, 2008
Agenda Page 2 of 2