HomeMy WebLinkAboutRDA MINUTES 03-16-87 MINUTES OF A REGULAJ~ MEETING
OF 1)lE REDEVELOPMENT AJ~ENCY OF
THE CITY OF llJSTIN, CALIFORNIA
MARCH 2, 1987
1. CALL TO ORDER
The meeting was called to order at 7:45 p.m. by Chairman Edgar in the City.
Council Chambers, 300 Centennial Way, Tustin, California.
'ROLL CALL
Agency Members Present:
AgencY Members Absent:
Others Present:
Richard B. Edgar, Chairman
Ursula E. Kennedy, Chairman Pro Tem
Ronald B. Hoesterey
John Kelly
Donald J. Saltarelli
None
William A. Huston, Exec. Director/City Manager
Mary E. ~nn,' Recording Secretary
James G. Rourke, City Attorney
Christine Shingleton, Com. Dev. Director
Robert S. Ledendecker, Public Works Director
Captain Wakefield, Police Department
Ronald A. Nault, Finance Director
Royleen A. White, Dir. of Com. & Admin. Srvcs.
Susan Jones, Recreation Superintendent
Jeff Davis, Senior Planner
Mary Ann Chamberlain, Associate Planner
Laura Pickup, Assistant Planner
Janet Hester, Administrative Secretary
Approximately 60 in the audience
3. APPROVAL OF MINUTES - FEBRUARY 17, 1987, ADJOURNED REGULAR MEETING
It was moved by Hoesterey, seconded by Kelly, to approve Minutes of the
February 17, 1987, Adjourned Regular Meeting. Motion carried 5-0.
4. REFINANCING OF TAX ALLOCATION BONDS
The Agency is requested to authorize staff, the City's financial advisor
and bond counsel to proceed with steps required to assess feasibility of
refinancing the $8.5 million bonds issued in 1982 to finance projects
within the Town Center Project Area. I*t is anticipated the Agency could
make a final decision within the next 60 days.
It was moved by Hoesterey, seconded by Kelly, to authorize staff to pro-
ceed with the steps required to refinance all or a portion of the Agency's
outstanding tax allocation bonds and issue additional bonds for public
projects as recommended by the Executive Director in his inter-com dated
March 2, 1987. The motion carried 5-0. 60
5. OTHER BUSIRESS
None.
6. AI~IOURNMENT
At 7:46 p.m., it was moved by Hoesterey, seconded by Edgar, to adjourn to
the next Regular Meeting on Monday, March 16, 1987, at 7:00 p.m. Motion
carried 5-0.
CHAIRMAN
RECORDING SECRETARY