HomeMy WebLinkAboutRDA 00 AGENDA 06-15-98 AGENDA
REGULAR MEETING OF i HE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
JUNE 15, 1998
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS (ITEMS 1 THROUGH 4)'
1. APPROVAL OF MINUTES- JUNE 1, 1998 REGULAR MEETING
Recommendation: Approve the Redevelopment Agency Minutes of June 1, 1998.
2. APPROVAL OF DEMANDS
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Recommendation: Approve Demands in the amount of $33,877.23.
PUBLIC HEARING: APPROVAL OF RELOCATION PLAN AND ADOPTION OF
REPLACEMENT HOUSING PLAN FOR TUSTIN MEADOWS PROJECT
Agency adoption of the Replacement Housing Plan and approval of the Relocation
Plan is requested for the Tustin Meadows Apartment project located at Sixth
Street and El Camino Real.
Recommendation by the Redevelopment staff:
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1. Open and close the public hearing.
2. Adopt the Replacement Housing Plan for the Tustin Meadows Apartment
Project.
3. Approve the Relocation Plan for the Tustin Meadows Apartment Project.
1987 AND 1991 TOWN CENTER PROJECT
REFUNDING OF OUTSTANDING
AREA TAX ALLOCATION BONDS
At their meeting held June 1, 1998, the Redevelopment Agency authorized staff to
proceed with a proposal to refund outstanding 1987 and 1991 Tax Allocation
Bonds. The Agency and the City are requested to adopt Resolution Nos. RDA 98-2
and 98-54 authorizing the issuance of not to exceed $21,000,000 of refunding
bonds and approving related documents and actions.
Agenda - Redevelopment Agency June 15, 1998 - Page 1
Recommendation: iopt the following Resolution RDA 98-2 authorizing the
issuance by the Tustln Community Redevelopment Agency of Tax Allocation Bonds
in the aggregate principal amount of not to exceed $21,000,000 and approving
related documents and actions as recommended by the Finance Department:
RESOLUTION NO. RDA 98-2 - A RESOLUTION OF THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, AUTHORIZING
THE ISSUANCE AND SALE OF TAX ALLOCATION BONDS IN THE AGGREGATE
PRINCIPAL AMOUNT OF NOT TO EXCEED $21,000,000 TO REFUND THE
AGENCY'S OUTSTANDING TOWN CENTER AREA REDEVELOPMENT PROJECT TAX
ALLOCATION REFUNDING BONDS, SERIES 1987, AND THE AGENCY'S TOWN
CENTER AREA REDEVELOPMENT PROJECT SUBORDINATE TAX ALLOCATION
BONDS, SERIES 1991, AND APPROVING RELATED DOCUMENTS AND ACTIONS
OTHER BUSINESS
CLOSED SESSION - Agency members shall convene in closed session pursuant to
Government Code Section 54956.8 to confer with the Agency's real property negotiator
regarding the following properties and negotiating parties: 17102 McFadden Avenue (AP
402-122-03)- Pension Income Property Fund One; 15962 Myrtle Avenue (AP 402-134-
01) - Roz Properties L.P.; 16002 Myrtle Avenue (AP 402-134-02) - Roz Properties L.P.;
14611 Newport Avenue (AP 402-134-03)- De Anza Plaza Apartments; 15981 through
15991 Myrtle Avenue, 17152 Altadena, 16012 Bliss (AP 402-133-06) - Naren Shah;
14701 Newport Avenue (AP 402-133-07)- Richard and Linda Cherney; 1471'1 Newport
Avenue (AP 402-133-08)- The Perry Family Trust; 14721 Newport Avenue (AP 402-133-
09)- The Perry Family Trust; 14731 Newport Avenue (AP 402-133-10)- The Perry
Family Trust; 14741 Newport Avenue (AP 402-133-11)- Dennis Smith; 14751 Newport
Avenue (AP 402-133-12)- Dennis Smith; 14771 through 14781 Newport Avenue (AP
402-142-22)-'Bruce and Janis Thompson; 14791 Newport Avenue (AP 402-142-21)-
Bing and Eleanor Wong; 14811 Newport Avenue (AP 402-142-05)- Clermont and Nancy
Sherman; 14801 Newport Avenue (AP 402-142-19) - Russell Greengard; and the
Redevelopment Agency. Instructions to the negotiator shall concern terms and
conditions of acquisition. Acquisition of said properties is related to needed Newport
Avenue widening, Newport/Sycamore Avenue intersection enhancements, the Newport
Avenue extension, and neighborhood park acquisition.
ADJOURNMENT The next regular meeting of the Redevelopment Agency is
scheduled for Monday, July 6, 1998, at 7:00 p.m. in the Council Chamber at 300
Centennial Way.
Agenda - Redevelopment Agency June 15, 1998 - Page 2