HomeMy WebLinkAboutRDA MINUTES 1998 06 15 MINUTES
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
CITY OF TUSTIN, CALIFORNIA
JUNE 15, 1998
CALL TO ORDER
The meeting was called to order by Chair Saltarelli at 7:52 p.m. at the Council Chambers, 300
Centennial Way, Tustin, California.
ROLL CALL
Members Present: Thomas R. Saltarelli, Chair
Tracy Wills Worley, Chair Pro Tem
Mike Doyle
3 i m Potts
3effery rvl. Thomas
Members Absent: None "'
Recording Secretary: Pamela Stoker
Others Present: William A. Huston, Executive Director
Lois 3effrey, City Attorney
Christine Shingleton, Assistant Executive Director
George 3eftties, City Treasurer
Elizabeth Binsack, Director of Community Development
Steve Foster, Chief of Police
Ronald A. Nault, Finance Director
Tim Serlet, Director of Public Works
Pat Sanchez, Director of Parks and Recreation Services
Dana Kasdan, Engineering Services Manager
Rita Westfield, Assistant Director/Community Development
Beverley White, Deputy City Clerk
Robert Schoenkopf, Police Captain
George Wiesinger, Code Enforcement Officer
Bettie Correa, Senior Personnel Analyst
Approximately 50 in the audience
Agencymember Potts left the dais at 7:52 p.m.
REGULAR BUSINESS (ITEMS I THROUGH 4 )
1. APPROVAL OF MINUTES -JUNE 1, 1998 REGULAR MEETING
~[t was moved by Thomas, seconded by Worley, to approve the Redevelopment Agency
Minutes of3une ::L, 1998.
Motion carried 4-0, Potts absent.
2. APPROVAL OF DEMANDS
It was moved by Thomas, seconded by Worley, to approve Demands in the amount of
$33,877.23.
Motion carried 4-0., Ports absent. 380-10
3. PUBLIC HEARING: APPROVAL OF RELOCATION PLAN AND ADOPTION OF
REPLACEMENT HOUSING PLAN FOR TUST1ZN MEADOWS PRO.1ECT
Christine Shingleton, Assistant Executive Director, reported the Agency had authorized an
exclusive negotiation agreement with DeBeikes Investment Company for development of
the Tustin Meadows Apartments, located on Sixth Street; California Redevelopment Law
required adoption of a relocation plan and approval of a replacement housing plan 30 days
prior to action on the development agreement; and both plans had been prepared by
Pacific Relocation Consultants.
Chair Saltarelli opened the Public Hearing at 7:55 p.m. There were no speakers on the
subject and the Public Hearing was closed.
REDEVELOPMENT AGENCY MINUTES
Page 2, 6-15-98
It was moved by Thomas, seconded by Doyle, to adopt the following Resolution No. RDA
98-3 approving the Replacement Housing Plan and the Relocation Plan for the Tustin
Meadows Apartment Project property:
RESOLUTION NO, RDA 98-3 - A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, APPROVING AND
ADOPTING THE REPLACEMENT HOUSING PLAN AND RELOCATION PLAN FOR THE TUSTIN
MEADOWS APARTMENT PROJECT PROPERTY LOCATED AT 120-250 SIXTH STREET IN
THE CITY OF TUSTiN
Motion carried 4-0, Potts absent. 400-10
Agencymember Ports returned to the dais at 7:56 p.m.
4, REFUNDING OF OUTSTANDING 1987 AND 1991 TOWN CENTER PROJECT AREA
TAX ALLOCATION BONDS
Ron Nault, Director of Finance, reported the original structure of the bonds would be
maintained; the 1987 bonds matured November 1, 1998 through November 1, 2006; the
1991 bonds matured December 1998, through December 2016; the bond issues were in
excess of $18 million; the proposed action did not take out new money, extend maturities,
or increase the amount of debt; and final maturity would be in 2016.
Agency/staff discussion followed regarding receiving competitive interest rates; and staff
was reviewing available options including current refunding and one advanced refunding.
It was moved by Thomas, seconded by Doyle, to adopt the following Resolution No. RDA
98-2 authorizing the issuance by the Tustin Community Redevelopmerit Agency of Tax
Allocation Bonds in the aggregate principal amount of not to exceed $21,000,000 and
approving related documents and actions:
RESOLUTION NO, RDA 98-2 - A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING THE
ISSUANCE AND SALE OF TAX ALLOCATION BONDS IN THE AGGREGATE PRINCIPAL
AMOUNT OF NOT TO EXCEED $21,000,000 TO REFUND THE AGENCY'S OUTSTANDING
TOWN CENTER AREA REDEVELOPMENT PROJECT TAX ALLOCATION REFUNDING BONDS,
SERIES 1987, AND THE AGENCY'S TOWN CENTER AREA REDEVELOPMENT PROJECT
SUBORDINATE TAX ALLOCATION BONDS, SERIES 1991, AND APPROVING RELATED
DOCUMENTS AND ACTIONS
Motion carried 5-0. 350-55
OTHER BUSINESS - None
CLOSED SESSION
Chair Saltarelli announced that Agencymembers would convene in closed session pursuant to
Government Code Section 54956.8 to confer with the Agency's real property negotiator regarding
the following properties and negotiating parties: 17102 McFadden Avenue (AP 402-122-03) -
Pension Income Property Fund One; 15962 Myrtle Avenue (AP 402-134-01) - Roz Properties L.P.;
16002 Myrtle Avenue (AP 402-134-02) - Roz Properties L.P.; 14611 Newport Avenue (AP 402-
134-03) - De Anza Plaza Apartments; 15981 through 15991 Myrtle Avenue, 17152 Altadena,
16012 Bliss (AP 402-133-06) - Naren Shah; 14701 Newport Avenue (AP 402-133-07) - Richard
and Linda Cherney; 14711 Newport Avenue (AP 402-133-08) - The Perry Family Trust; 14721
Newport Avenue (AP 402-133-09) - The Perry Family Trust; 14731 Newport Avenue (AP 402-133-
10) - The Perry Family Trust; 14741 Newport Avenue (AP 402-133-11) - Dennis Smith; 14751
Newport Avenue (AP 402-133-12) - Dennis Smith; 14771 through 14781 Newport Avenue (AP
402-142-22) - Bruce and 3anis Thompson; 14791 Newport Avenue (AP 402-142-21) - Bing and
Eleanor Wong; 14811 Newport Avenue (AP 402-142-05) - Clermont and Nancy Sherman; 14801
Newport Avenue (AP 402-142-19) - Russell Greengard; and the Redevelopment Agency.
Instructions to the negotiator shall concern terms and conditions of acquisition. Acquisition of said
properties is related to needed Newport Avenue widening, Newport/Sycamore Avenue intersection
enhancements, the Newport Avenue extension, and neighborhood park acquisition.
REDEVELOPMENT AGENCY MINUTES
Page 3, 6-15-98
ADJOURNMENT
Chair Saltarelli adjourned the meeting at 8:00 p.m. The next regular meeting of the
Redevelopment Agency was scheduled for Tuesday, 3uly 7, 1998, at 7:00 p.m. in the Council
Chamber at 300 Centennial Way.
"' THOMAS R.S~