HomeMy WebLinkAboutRDA AGENDA 05-03-93AGENDA
REGULAR MEETING Ur THE TUSTIN COMMUNITY REDEvELOPMENT AGENCY
MAY 3, 1993
1. CALL TO ORDER
2. ROLL CALL
3. APPROVAL OF MINUTES - APRIL 19, 1993 REGULAR MEETING
Recommendation: Approve the Redevelopment Agency Minutes of April 19, 1993.
4. APPROVAL OF DEMANDS
Recommendation: Approve Demands in the amount of $254,297.41.
5. TRANSFERS OF REDEVELOPMENT AGENCY TAX ALLOCATION FUNDS TO THE
COUNTY EDUCATIONAL REVENUE ALLOCATION FUND (ERAF)
SB 844 modified certain sections of the State's Budget Act of 1992 regarding a one-
time shift of Redevelopment Agency tax increment for 1992-93 to a newly created
County Educational Revenue Allocation Fund. Cities, counties and special districts
are permanently losing $1.1 billion from their property tax base to back -fill lost
revenues to schools.
Recommendation: Authorize the Redevelopment Agency Treasurer to return current
year tax increment, $327,810.97 from the South Central Project Area and
$370,940.94 from the Town Center Project Area, to the County of Orange for
deposit in the County (ERAF) in compliance with Chapter 700 (SB 844), Statutes of
1992, the 1992 Budget Act for the State of California as recommended by the
Treasurer of the Tustin Community Redevelopment Agency.
6. SELECTION OF CHAIRPERSON AND CHAIRPERSON PRO TEM
The Redevelopment Agency is required to formally select those members of the
Agency who will serve as Chairperson and Chairperson Pro Tem.
Recommendation: Pleasure of the Redevelopment Agency.
7. APPROVAL OF BANKING SERVICES PROPOSAL
At their meeting of February 16, 1993, the City/Agency approved the Request for
Proposal developed and recommended by the City's Audit Committee.
Recommendation: Authorize the Agency Treasurer to enter into an agreement with
First Interstate Bank of Tustin to provide banking services for a three year period
beginning approximately June 1, 1993 through May 31, 1996 as recommended by
the Treasurer of the Redevelopment Agency.
Redevelopment Agency Agenda 1 May 3, 1993
8. AUTHORIZATION R PURCHASE AND REFURBISF VT OF FURNISHINGS FOR
PHASE II OF THE �_ ✓IC CENTER PROJECT
At a regular meeting of the Redevelopment Agency on March 1, 1993, the Agency
authorized participation in the County of Orange's Cooperative Purchasing Program
for Steelcase Avenir Product and accessory Steelcase Products for Phase 11 of the
Civic Center Project.
Recommendation: Approve the purchase and refurbishment of furniture under the
County Cooperative Purchasing Program in the amount of $308,586.00 as previously
authorized by the Agency on March 1, 1993, as recommended by the Community
Development Department.
9. REQUEST FOR AGENCY FINDING OF BENEFIT
Redevelopment law requires the use of any Redevelopment Project Area tax
increment to be used only within the project boundaries. However, Section
33334.2(g) of the California Community Redevelopment law provides an exception
to this rule when the local agency makes a finding that use of these funds, outside
of the Project Area, constitutes a benefit to the Project Area.
Recommendation: Adopt the following Resolution No. RDA 93-7 so that housing
set-aside funds allocated to the South Central Project Area may be used outside the
boundaries of the Project Area for the purpose of increasing, improving, and
preserving the community's supply of low and moderate income housing as
recommended by the Community Development Department:
RESOLUTION NO. RDA 93-7 - 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 FOR THE PURPOSE OF
INCREASING, IMPROVING AND PRESERVING HOUSING OUTSIDE THE PROJECT
AREA WILL BE OF BENEFIT TO THE PROJECT
10. OTHER BUSINESS
11. ADJOURNMENT
The next regular meeting of the Redevelopment Agency is scheduled for Monday,
May 17, 1993, 7:00 p.m., at the Tustin Area Senior Center.
Redevelopment Agency Agenda 2 May 3, 1993