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HomeMy WebLinkAboutRDA MINUTES 1987 09 08 MINUTES OF AN ADJOURNED REGULAR MEETING OF THE REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA SEPTEMBER 8, 1987 1, CALL TO ORDER The meeting was called to order at 8:22~p.m. by Chairman Edgar in the City Council Chambers, 300 Centennial Way, Tustin, California. 2. ROLL CALL Agency Members Present: Richard B. Edgar, Chairman Ronald B. Hoesterey John Kelly Earl J. Prescott Agency Members Absent: Ursula E. Kennedy Others Present: William A. Huston, Exec. Director/CityManager James G. Rourke, City Attorney Mary E. Wynn, Recording Secretary Charles R. Thayer, Chief of Police Robert Ledendecker, Dir. of Public Wor~ks Ronald A. Nault, Finance Director Royleen White, Com. & Admin. Srvcs. DirectOr Captain Wakefield, Police Department Lloyd Dick, Building Official Jeff Davis, Senior Planner Approximately 18 in the Audience 3. APPROVAL OF MINUTES - AUGUST 17, 1987, REGULAR MEETING .-- It was moved by Hoesterey, seconded by Edgar, to approve the Minutes of the August 17, 1987, Regular Meeting. The motion carried 4-0, Kennedy absent. 4. PUBLIC HEARING - 1987-88 BUDGET - RESOLUTION NO. RDA 87-13 A public hearing on the proposed Annual Budget for the 1987-88 Fiscal Year. The public hearing was opened by Mayor Edgar at 8:23 p.m. There were no speakers on the matter, and the public hearing was closed. It was moved by Hoesterey, seconded by Kelly, to adopt the following: RESOLUTION NO. RDA 87-13 - RESOLUTION OF THE BOARD OF DIRECTORS OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY, ADOPTING THE AGENCY BUDGET AND APPROPRIATING REVENUE OF THE AGENCY FOR FISCAL YEAR 1987-88 Mayor Edgar requested that staff prepare a cash movement schedule which reflects last year's bonded indebtedness commitment and this year's refi- nancing. The motion carried 4-0, Kennedy absent. 29 5. CONSENT TO TRANSFER INTEREST IN DISPOSITION & DEVELOPMENT AGREEMENT BY BURNETT-EHLINE A request to consent to transfer of interest in the agreement with LaFayette Partners, held by Pentall Properties to Burnett-Ehline, for development and construction of commercial/retail buildings with a restau- rant. As recommended in the inter-com dated September 8, 1987, prepared by the Community Development Department, it was moved by Hoesterey, seconded by Prescott, to approve the Consent to Transfer; and authorize the Chairman and Secretary to execute same. Carried 4-0, Kennedy absent. 45 REDEVELOPMENT AGENCY MINUTES Page 2, 9-8-87 6, OTHER BUSINESS None. 7. ADJOURNMENT It was moved b~ Edgar, seconded by Hoestere~, to adjourn at 8:26 p.m. to the next Regular Meeting on Monday, September 21, 1987. Motion carried 4-0, Kennedy absent. ~-- RE~ING SECRA~