HomeMy WebLinkAboutRDA AGENDA 08-21-95REGULAR MEETING
AGENDA
,'HE TUSTIN COMMUNITY REb.._ . ELOPMENT AGENCY
AUGUST 21, 1995
CALL TO ORDER
ROLL CALL
REGULAR BUSINESS ( ITEMS I THROUGH 4 )
1. APPROVAL OF MINUTES - AUGUST 7, 1995 REGULAR MEETING
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Recommendation: Approve the Redevelopment Agency Minutes of August 7, 1995.
APPROVAL OF DEMANDS
Recommendation: Approve Demands in the amount of $19,870.12.
WORKING CAPITAL LOAN AGREEMENT WITH FIRST INTERSTATE BANK
The State Health and Safety Code dictates that tax increment revenues generated
within a Redevelopment Agency Project Area can only be transferred to the Agency
to the extent that the Agency has incurred debt that will be repaid from the tax
increment and that the debt must be equal to or greater than the total available tax
increment.
Recommendation: Adopt the following Resolution No. RDA 95-5 approving a one
year working Capital Loan Agreement with First Interstate Bank for the Town Center
Project Area in the amount of $750,000 and for the South Central Project Area in
the amount of $2,500,000 and authorizing the Executive Director to execute the
Agreement on behalf of the Agency as recommended by the Treasurer of the
Agency:
RESOLUTION NO. RDA 95-5 - A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE .CITY OF TUSTIN, CALIFORNIA, APPROVING ACQUISITION OF A
$3,250,000 WORKING CAPITAL LOAN FROM FIRST INTERSTATE BANK OF
CALIFORNIA
SHEA HOMES DISPOSITION AND DEVELOPMENT AGREEMENT
Disposition and Development Agreement between the Tustin Community
Redevelopment Agency and Shea Homes Ltd. for development of the property
located at 14882 Newport Avenue.
Recommendation: Pleasure of the Agency.
Redevelopment Agency Agenda I August 21, 1995
OTHER BUSINESS
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CLOSED SESSION- None
ADJOURNMENT- The next regular meeting of the Redevelopment Agency is scheduled
for Tuesday, September 5, 1995, at 7:00 p.m. in the Council Chambers at 300 Centennial
Way.
Redevelopment Agency Agenda 2 August 21, 1995