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RDA MINUTES
6-21-93
MINUTES
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
CITY OF TUSTIN, CALIFORNIA
JUNE 7, 1993
CAL~, TO' ORDER
The meeting was called to order by Chairperson Potts at 8:35 p.m.
at the Tustin Area Senior Center, 200 South "C" Street, Tustin,
California.
ROLL CALL
Members Present:
Members Absent:
Recording Secretary:
Others Present:
Jim Potts, Chairperson
Thomas R. Saltarelli, Chairperson Pro Tem
Leslie Anne Pontious
Charles E. Puckett
Jeffery M. Thomas
None
Mary E. Wynn
William A. Huston, Exec. Dir./City Manager
Alan Watts, Assistant City Attorney
Rita Westfield, Asst. Dir./Comm. Development
W. Douglas Franks, Chief of Police
Robert Ledendecker, Director of Public Works
Ronald A. Nault, Treasurer
Dana Kasdan, Engineering Services Manaqer
Richard Zimmer, Redevelopment Program M~nager
· Rick Brown, Building Official
Gary Veeh, Water Services Manager
Robert Ruhl, Field Services Manager
Bettie Correa, Senior Personnel Analyst
Susan Jones, Recreation Superintendent
Doug Anderson, Transportation Engineer
Gary Magill, Recreation Supervisor
Valerie Whiteman, Chief Deputy City Clerk
Approximately 10 in the audience
APPROVAL OF MINUTES - MAY 17, 1993 REGULAR MEETING
It was moved by Puckett, seconded by Pontious, to approve the
Redevelopment Agency Minutes of May 17, 1993.
Motion carried 5-0.
APPROVAL OF DEMANDS
It was moved by Puckett, seconded by Pontious, to approve Demands
in the amount of $977,483.87.
Motion carried 5-0.
APPROVAL OF PUBLIC WORKS AGREEMENT BETWEEN THE CITY OF TUSTIN AND
TUSTIN COMMUNITY REDEVELOPMENT AGENCY FOR THE SOUTH CENTRAL PROJECT
AREA
It was moved by Puckett, seconded by Pontious, to make a finding as
Go the lack of other means of financing this project; make a
finding as to the benefit of the Newport Avenue Extension Project
to the Project Area as discussed in the staff report and authorize
REDEVELOPMENT AGENCY MINus'ES
Page 2, 6-7-93
the Mayor to execute the subject Public Works Agreement between the
City ~nd the Agency.
Motion carried 5-0.
WORKING CAPITAL LOAN AGREEMENT WITH FIRST INTERSTATE BANK
Ronald Nault, Treasurer, reported that the tax increment revenues
generated within a Redevelopment project area could only be
transferred to the Agency to the extent that debt had been incurred
that would be repaid from the tax increment. Previously, loans
between the City and Agency had been utilized to secure annual tax
increments and staff was now recommending a short-term working
capital note between the Agency and First Interstate Bank.
Agency/staff discussion followed regarding use of a revolving fund.
It was moved by Potts, seconded by Pontious, to adopt the following
Resolution No. RDA 93-8 approving a one-year working Capital Loan
Agreement with First Interstate Bank and authorizing the Executive
Director to execute the Agreement on behalf of the Agency:
RESOLUTION NO. RDA 93-8 -. A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF TUSTIN, CALIFORNIA, APPROVING ACQUISITION OF A
$3,000,000 LINE OF CREDIT ~ROM FIRST INTERSTATE BANK OF CALIFORNIA
Motion carried 5~0.
OTHER BUSINESS
INTRODUCTION - RICHARD ZIMMER, REDEIrELOPMENT PROGP. AM MANAGER
Wil'l'iamHuston, Executive Director, introduced new staff member,
Richard Zimmer, Redevelopment Program Manager.
B. STATUS - IRVINE RANCH WATER DISTRICT LETTER
Chairperson Potts questioned the status of the letter to Irvine
Ranch Water District regarding water usage/cost related to the
Sports Park.
William Huston, Executive Director, responded the letter was
being prepared.
ADJ OUR/~MENT
Chairperson Potts adjourned the meeting at 8:45 p.m. The next
regular meeting of the Redevelopment Agency was scheduled for
Monday, June 21, 1993, 7:00 p.m., at the Tustin Area Senior Center.
JIM POTTS, CHAIRPERSON
F~RY E. WYNN, RECORDING SECRETARY