HomeMy WebLinkAboutRDA MINUTES 1982 12 20 MINUTES OF A REGULAR MEETING
OF THE REDEVELOPMENT AGENCY OF
THE CITY OF TUSTIN, CALIFORNIA
December 20, 1982
CALL TO ORDER
The meeting was called to order by Chairman Edgar at 4:16 p.m. in the City
Council Chambers, 300 Centennial Way, Tustin, California.
ROLL CALL
Agency Members Present: Edgar, Greinke, Kennedy, Saltarelli
Agency Members Absent: Hoesterey
Others Present: William A. Huston, Executive Director/City Mgr.
James G. Rourke, City Attorney
Mary E. Wynn, Recording Secretary/City Clerk
Michael Brotemarkle, Community Dev. Director
Ronald Nanlt, Finance Director
Roy Gonzales, Personnel Director
Robert Ledendecker, Director of Public Works
Reed Jensen, Water Services Analyst
Earl Rowenhorst, Water Services Manager
Eva Solis, Deputy City Clerk
Approximately 15 in the audience
3. APPROVAL OF MINUTES
It was moved by Kennedy~ seconded by Greinke, to approve the minutes of
the December 6, 1982, meeting. The motion carried 4-0, Hoesterey absent.
4. APPROVAL OF DEMANDS
It was moved by Kennedy, seconded by Saltarelli, to approve General
Demands for the month of November, 1982, in the amount of $689,481.14 as
recommended by the Director of Finance. Carried 4-0, Hoesterey absent.
81
5. LOCAL AGENCY INVESTMENT FUND
The Executive Director presented the staff report and recommendation as
contained in the inter-com dated December 15, 1982, prepared by the
Finance Director. It was then moved by Kennedy, seconded by Edgar, to
adopt the following:
RESOLUTION NO. RDA 82-14 - A Resolution of the Tustin Community Redevelop-
ment Agency, REQUESTING THAT THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY BE
ACCEPTED AS A MEMBER OF THE LOCAL AGENCY INVESTMENT FUND.
The Finance Director responded to Mr. Saltarelli's concerns relative to
any liability the City might be exposed to in co-mingling funds with the
State, reporting that the State is under the same legal requirements as
the City. Mr. Greinke stated his opposition to co-mingling any City funds
with the State unless there is a definite insurance policy to the effect
that funds would not be impounded by the State if they should ever
default. The Executive Director clarified that there is no more risk than
investing funds in Bank of America or Security Pacific, who co-mingle
funds with other sources and invest in various opportunities.
The motion carried 3-1, Greinke opposed, Hoesterey absent. 81
6. ACQUISITION OF REPLACEMENT TREES ON EL CAMINO REAL/MAIN STREET
Mr. Saltarelli thanked Mr. Greinke for his time and efforts in securing
new trees on E1 Camino Real/Main Street.
REDEVELOPMENT AGENCY MINUTES
Page 2, 12-20-82
7. SOUTH/CENTRAL REDEVELOPMENT PROJECT AREA
Chairman Edgar acknowledged receipt of material on the South/Central Rede-
velopment Project Area noting that the matter was not agendized by the
Agency for today's meeting. It was then moved by Kennedy, seconded by
Edgar, to direct staff to proceed with the steps required to establish the
South/Central Project Area.
Mr. Greinke expressed his concern with proceeding under current economic
conditions. After further Agency discussion, the motion carried 3-1,
Greinke opposed, Hoesterey absent.
ADJOURNMENT
At 4:29 p.m. it was moved by Kennedy, seconded by Edgar, to adjourn to the
next regular meeting on January 3, 1983. Carried 4-0, Hoesterey absent.
RECORDI~ SECRETLY