HomeMy WebLinkAboutRDA 00 AGENDA 08-21-00 AGENDA
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT
AGENCY
AUGUST 21, 2000
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS (ITEMS 1 THROUGH 2)
1. APPROVAL OF MINUTES - AUGUST 7, 2000 REGULAR MEETING
.
Recommendation: Approve the Redevelopment Agency Minutes of August 7, 2000.
WORKING CAPITAL LOAN AND ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY AND THE CITY
OF TUSTIN
Approval of the loan and administrative services agreement between the Tustin
Community Redevelopment Agency and the City of Tustin will comply with Section 33675
of the California Health and Safety Code regarding the allocation and payment of tax
increment to Redevelopment Agencies, and provide the resources necessary to carry out
the Agency's adopted programs in the South Central Project Area and the to be created
MCAS Tustin Project Area.
Recommendation by the Finance Director:
.
Increase the outstanding loan balance to the South Central Project Area to
$2,050,000 until August 31,2001.
.
Increase the outstanding loan balance to the MCAS Tustin Project Area to $740,000
until August 31,2001.
.
Authorize the Chairperson of the Agency and the Mayor to execute the attached
agreement for 2000-2001, offering and accepting a loan and various services from
the City to the Agency totaling approximately $3,500,000 for fiscal year 2000-2001.
OTHER BUSINESS
CLOSED SESSION - None
ADJOURNMENT - The next regular meeting of the Redevelopment Agency is scheduled for
Tuesday, September 5, 2000, at 7:00 p.m. in the Council Chamber at 300 Centennial Way.
Agenda - Redevelopment Agency August 21, 2000 - Page 1