HomeMy WebLinkAboutRDA AGENDA 08-16-93 AGENDA
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
AUGUST 16, 1993
1. CALL TO ORDER
2. ROLL CALL
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APPROVAL OF MINUTES - AUGUST 2, 1993 REGULAR MEETING
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Rec~mmendati0n: Approve the Redevelopment Agency Minutes of August 2, 1993.
APPROVAL OF DEMANDS
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Recommendation: Approve Demands in the amount of $4,571,817.42.
STATUS OF AGENCY HOUSING REHABILITATION REPORT
In 1992, the Tustin Community Redevelopment Agency established a Housing
Rehabilitation Program in the South Central area to assist property owners 'in making
basic code-related improvements to their properties and other improvements which
would upgrade these residential neighborhoods.
Recommendation: Receive and file subject report as recommended by the Community
Development Department.
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PROPOSED CONTRACT FOR PREPARATION OF A REDEVELOPMENT PLAN FOR THE
TUSTIN MARINE CORPS AIR STATION
With the anticipated closure of the Tustin Marine Corps Air Station, City staff began
early in the Base Reuse' Study process to consider the creation of a new
redevelopment project area for the Base as a major source of revenue for the
improvements of the infrastructure as well as the demolition of facilities.
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Recommendation: Appropriate $67,400.00 from the South Central Redevelopment
Project Area Capital Projects Fund and approve the contract with Katz Hollis for the
preparation of a redevelopment plan for the Marine Corps Air Station, Tustin, as
recommended by the Community Development Department.
APPLICATION FOR ALLOCATION OF MORTGAGE CREDIT CERTIFICATES
Under the Mortgage Credit Certificate, first-time homebuyers who qualify by income
and by the price of the unit they purchase, receive a certificate authorizing them to
receive a tax credit of 20% of their annual principal and interest payment.
Recommendation by the Community Development Department:
Redevelopment Agency Agenda
Page I August 16, 1993
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10.
a. Adopt the following Resolution No. RDA 93-11 finding that the Mortgage Credit
Certificate Program will benefit both the Town Center and South Central Project
Areas:
RESOLUTION NO. RDA 93-11 - A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF TUSTIN, CALIFORNIA, FINDING THAT THE USE OF
TAXES ALLOCATED FROM THE SOUTH CENTRAL PROJECT AREA AND FROM
THE TOWN CENTER PROJECT AREA FOR THE MORTGAGE CREDIT
CERTIFICATE PROGRAM OUTSIDE THE PROJECT AREAS WILL BE OF BENEFIT
TO BOTH PROJECT AREAS
b. Appropriate the following Town Center Project Area and South Central Proiect
Area Housing Set-aside funds as part of the 1993-94 budget: (1) $3,000.00 in
administrative costs for the Mortgage Credit Certificate Program to be assigned
to the Town Center Project and $3,000.00 to be assigned to the South Central
Proiect Area; and (2) $30,000.00 in potential penalty charges to be assigned
to the Town Center Proiect Area and $30,000.00 to be assigned to the South
Central Proiect Area. Pursuant to the requirements of the California Debt Limit
Advisory Committee, the Finance Director shall deposit said amounts in a
trust/security account.
PUBLIC HEARING TO DISCUSS THE PROPOSED TUSTIN COMMUNITY
REDEVELOPMENT AGENCY BUDGET FOR THE FISCAL YEAR 1993-94
As of August 16, 1993, the Agency will have held five public budget workshops to
review and discuss the City's Draft Budget for fiscal year 1993-94.
_Recommendation: Direct Staff to prepare a resolution to adopt the Draft 1993-94
Budget as amenc~ed by the Redevelopment Agency as recommended by the Finance
Director.
OTHER BUSINESS
ADJOURNMENT
The next regular meeting of the Redevelopment Agency is scheduled for Tuesday,
September 7, 1993, 7:00 p.m., at the Council Chambers, 300 Centennial Way.
Redevelopment Agency Agenda
August 16, 1993