HomeMy WebLinkAboutRDA 00 AGENDA 09-07-99 AGENDA
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
SEPTEMBER 7, 1999
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS. (ITEMS I THROUGH 3) .
1. APPROVAL OF MINUTES- AUGUST 16, 1999 REGULAR MEETING
Recommendation: Approve -the Redevelopment Agency Minutes of August 16,
1999.
2. APPROVAL OF DEMANDS
Recommendation: Approve Demands in the amount of $179,984.67.
3. WORKING CAPITAL LOAN AND ADMINISTRATIVE SERVICES
BETWEEN THE CITY OF TUSTIN AND THE TUSTIN
REDEVELOPMENT AGENCY
AGREEMENT
COMMUNITY
The approval of this loan and administrative services agreement between the
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 Department:
1. Increase the outstanding loan balance to the South Central Project Area to
$2,000,000 until August 31, 2000.
2. Increase the outstanding loan balance to the MCAS Tustin Project Area to
$700,000 until August 31,. 2000.
.
Authorize the Chairperson of the Agency and the Mayor to execute subject
agreement for 1999-00, offering and accepting a loan and various services
from the City to the Agency totaling approximately $3,380,000 for fiscal year
1999-00.
Agenda - Redevelopment Agency September 7, 1999 - Page 1
OTHER BUSINESS
CLOSED SESSION -None
ADJOURNMENT The next regular meeting of the Redevelopment Agency is
scheduled for Monday, September 20, 1999, at 7:00 p.m. in the Council Chamber at
300 Centennial Way.
Agenda - Redevelopment Age,q~ September 7, 1999 - Page 2