HomeMy WebLinkAboutRDA MINUTES 1982 09 20 MINUTES OF A REGULAR MEETING
OF THE REDEVELOPMENT AGENCY OF
THE CITY OF TUSTIN, CALIFORNIA
T~ ~ ~ ~, ~FO~IA
September 20, 1982
1. CALL TO ORDER
~e meeting was called to order by ~ai~n Edgar at 4:48 p.m. in the City
Co~cil Cheers, 300 Centennial Way, T~tin, California.
~ 2. ROLL CALL
~ge~cy H~e~S ~se~: ~o~e
O~he~s ~ese~: ~es G. ~o~ke~ C~y ~o:~ey
H~ke ~o~em~le~ C~y Develogme~ D~ec~o~
3. APPROVAL OF MINUTES
~oy Gong~les~ ~e~so~Gel D~ec~o:
9o~ ~e~e~ecke~ D~ec~o:
~ w~s move~ ~ ~t~ seco~e~ by Hoes~e~ey~ ~o
~he Se~e~e~ 7 ~ 1982 ~ mee~&n9- C~e~ 3-0 ~ ~e~e~y
abstaining ~
4. APPROVAL OF DEMANDS~ ~
It was moved b~ Hoesterey, seconded b~ Grei~e, to approve General Demands
for ~e month of July, 1982, in the ~o~t of $~8~,039.71 as recomended
by ~e Director of Finance. Motion carried 5-0. 81
5. REDEVELOPMENT AGENCY CAPITAL IMPROVEMENT PROGRAM
P~suant to the Director of P~lic Works' reco~ndation contained in his
report ~ted September ~3, ~982, it was ~ved b~ Hoesterse, seconded by
Kenned~, to not accelerate the Prospect Avenue ~lief Drain into the c~-
rent fiscal year Redevelopment Agency Capital Improvement Program. Car-
ried 5~0 ·
It was then moved by Edgar, seconded b~ Hoesterey, to appropriate $55,000
from ~e Redevelopment Fund ~l~ce for the si~l improvement project at
the corner of Prospect Avenue and First Street.
~e Director of P~lic Works clarified what sisal improvMents are
needed. The motion carried 5-0. 81
6. REAPPROPRIATION OF CARRY OVER FISCAL YEAR 1981-82 APPROPRIATIONS FROM THE
TUSTIN COMMUNITY REDEVELOPMENT AGENCY
As reckended in the re~rt dated Sept~er 15, 1982, prepared by the
Finance Director, it was moved by Saltarelli, seconded by Hoesterse, to
reappropriate $825,245 for the ~expended appropriations from Fiscal Year
1981-82. Carried 5-0. 29
7. AUTHORIZATION TO RETAIN MUDGE, ROSE, GUTHRIE & ALEXANDER AND ROURKE &
WOODRUFF AS BOND COUNSEL.
Following consideration of the re~rt dated Sept~er 15, 1982, pre~red
by the Executive Director, it was moved bX Saltarelli, seconded by
Hoesterey, to authorize retention of Mudge, Rose, Guthrie & Alexander and
Ro~ke & Woodr~f as ~e Ag~cy' s bnd co~sel in connection with ~e
issuance of ~x allocation bnds by ~e Agency. Motion carried 5-0. 45
REDEVELOPMENT AGENCY MINUTES
Page 2, 9-20-82
8. AUTHORIZATION TO RETAIN MILLER & SCHROEDER MUNICIPALS, INC., AS BOND
FINANCIAL CONSULTANT
PUrsuant to the recommendation contained in the report dated September 17,
1982, prepared by the Executive Director, it was moved by Saltarelli, sec-
onded by Hoesterey, to authorize the Chairman to execute an agreement with
Miller & Schroeder Municipals, Inc., to serve as the Agency's financial
consultant in connection with the issuance of tax' allocation bonds and to
provide technical assistance to the Agency's bend counsel. The motion
carried 5-0.
81
9. PROJECT PRIORITIES
Following lengthy Agency/staff discussion and a question-and-answer period
regarding the ability to change priorities at a later date, it was moved
by Saltarelli, seconded by Hoesterey, to adopt the following project
priorities:
1. Land Acquisition $1,800,000
2. Senior Citizen Housing 200,000
3. Columbus Tustin Park/Community Center 1,000,000
4. Undergrounding of Utilities (area bounded by
Holt/Irvine Boulevard/Newport Avenue) 750,000
5. Parking Structure 1,000,000
6. Water System Improvements (within the Town
Center Project Area) 500,000
7. Repayment of General FUnd Loan 1,125,000
TOTAL $6,375,000
The motion carried 5-0. 81
~0, AUTHORIZATION TO PUBLISH NOTICES OF SALE OF TAX ALLOCATION BONDS
The Executive Director presented the staff report and recommendation.
Mr. Saltarelli raised questions pertaining to insUrance, ratings, and
cost. The City Attorney provided information on Proposition 4 require-
ments. FUrther Agency/staff discussion followed. It was then moved
Edgar, seconded by Kennedy, to authorize and direct the Executive Director
to publish notices of sale of tax allocation bends by the Agency.~
In response to Mr. Saltarelli's concern re issuing bends at an 11% inter-
est rate in an Unfavorable market, the Executive Director stated ~hat it
could very well be that when bids are awarded, the rate will be well Under
11%.' If not, the Agency has the option to reject bids at that time.
The motion carried 5-0. 81
11. AGENCY CONCERNS
a. E1 Camino Real/Main Street Improvements Project - Mr. Greinkeropened
discussion regarding complaints from merchants in the downtown area on
the E1 Cemino Real/Main Street Improvements Project and stressed that
the City should require the contractor to provide temporary tramps for
easier access into the businesses. The Director of Public Works
responded to the complaints and provided a status report on the proj-
ect's progress.
Jeffrey McElderry, 10351 Mira Vista, Santa Ana, representing Tustin
Chamber of Commerce, requested the City's assistance to merchants in
letting the public know that they are open dUring construction. The
Agency felt Mr. McElderry's suggestion to place signs to this effect
was excellent. The Executive Director added that staff has advised
any merchant who has called in that they do not have to Worry about
sign permits, as long as the temporary sign is safe. The Director of
Public Works suggested that the Chamber provide the propor wording for
the signs to be placed by the City at both ends of the construction
area so that they are uniform in size and wording. Agency concUrred.
The Chairman requested that the City Attorney provide legal coUnsel on
what the Agency can do financially to assist the merchants impacted by
the street construction downtown. 81
REDEVELOPMENT AGENCY MINUTES
Page 3, 9-20-82
b. Site Development Informational Signs - Mr. Hoesterey suggested that
staff investigate the possibility of requiring informational signs at
development sites to enhance people's awareness of what is happening
in the City.
c. E1 Camino Real/Main Street Ribbon-Cutting Ceremony - It was moved by
Edgar, seconded by Kennedy, that staff plan a ribbon-cutting ceremony,
to include a plaque presentation to the TNT Committee~ upon completion
of the E1 Camino Real/Main Street project. Carried 5-0. 81
9o ADJOURNMENT
It was moved by Kennedy, seconded by Hoesterey, to adjourn at 5:39 p.m. to
the next regular meeting on October 4, 1982. Carried 5-0.
RECO~ SECPZT Y~