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HomeMy WebLinkAbout00 AGENDA 11-27-01 AGENDA CITY COUNCIL SPECIAL MEETING CITY OF TUSTIN NOVEMBER 27, 2001 12:00 P.M. CALL TO ORDER ROLL CALL PUBLIC INPUT - Members of the public may address the City Council on items on the Agenda. REGULAR BUSINESS (ITEM NO. 1) · ENVIRONMENTAL INSURANCE- MARINE CORPS AIR STATION, TUSTIN City Council authorization is required to secure environmental insurance coverage for certain property at the former MCAS-Tustin site by December 31, 2001 and prior to acceptance by the City and/or the Tustin Redevelopment Agency of any property at the former facility. Recommendation by the Redevelopment Department: It is recommended that the City Council and Redevelopment Agency authorize staff to bind environmental insurance coverage from ECS Insurance Company for portions of the MCAS-Tustin property, subject to special legal counsel approval of all policy endorsements, and to authorize premium payments in the installment amounts as follows: 20% of the total premium due upon inception of the policy; 40% of the total policy premium on or before July 1, 2002 and 40% of the total premium on or before December 21,2002. ADJOURNMENT - The next regular meeting of the City Council is scheduled for Monday, December 3, 2001, at 7:00 p.m., in the Council Chamber, 300 Centennial Way. Agenda - City Council Special Meeting November 2'7, 2001