HomeMy WebLinkAboutRDA AGENDA 08-01-94 AGENDA
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
AUGUST 1, 1994
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS (ITEMS 1 THROUGH 3)
APPROVAL OF MINUTES - JULY 18, 1994 REGULAR MEETING
Recommendation: Approve the Redevelopment Agency Minutes of July 18, 1994.
APPROVAL OF DEMANDS
Recommendation: Approve Demands in the amount of $162,452.08.
APPLICATION FOR ALLOCATION OF MORTGAGE CREDIT CERTIFICATES
The Federal Government allocates a set amount of mortgage authorization for each
state. California, in turn, sub-allocates this authority to local jurisdictions. The
application, which the County is filing, is to the California Debt Limit Advisory
Committee, who has the authority in California to allocate this State's share of
mortgage amounts to local agencies. In September 1993, the City of Tustin joined
other cities and the County in receiving an allocation for this program. The allocation
is almost depleted and the County is now preparing an application for a new
allocation.
Recommendation by the Community Development Department.
Appropriate the following Town Center Project Area and South Central Project Area
Housing Set-aside funds as part of the 1994-95 budget:
$4,500.00 in administrative costs for the Mortgage Credit Certificate Program
to be assigned to the Town Center Project and $4,500.00 to be assigned to the
South Central Project Area;
$10,000.00 in potential penalty charges to be assigned to the Town Center
Project Area and $10,000.00 to be assigned to the South Central Project Area.
Pursuant to the requirements of the California Debt Limit Advisory Committee,
the Finance Director shall deposit said amounts in a trust/security account.
OTHER BUSINESS
CLOSED SESSION - None
Redevelopment Agency Agenda I August 1, 1994
ADJOURNMENT- The next regular meeting of the Redevelopment Agency is scheduled for
Monday, August 15, 1994, at 7:00 p,m, in the Council Chambers at 300 Centennial Way,
Redevelopment Agency Agenda 2 August 1, 1994