HomeMy WebLinkAboutRDA 00 AGENDA 08-18-03 REGULAR MEETING OF THE
COMMUNITY REDEVELOPMENT AGENCY
TUSTIN, CALIFORNIA
AGENDA
AUGUST 18, 2003
CALL TO ORDER
ROLL CALL
PUBLIC INPUT - Refer to City Council Agenda Second Public Input
REDEVELOPMENT AGENCY
REGULAR BUSINESS
(Agenda Items 1 and 2)
1. APPROVAL OF MINUTES - REGULAR MEETING OF AUGUST 4, 2003
Recommendation: Approve the Redevelopment Agency Minutes of August 4,
2003.
2. WORKING CAPITAL LOAN AND ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY AND THE
CITY OF TUSTIN
Approval of the loan and agreement will comply with Section 33675 of the
California Health and Safety Code regarding the allocation and payment of tax
increment to Redevelopment Agencies.
Recommendation by the Finance Department:
1. Extend the outstanding loan balance to the South Central Project Area of
$3,000,000 until August 31, 2004.
2. Extend the outstanding loan balance to the MCAS Tustin Project Area of
$1,000,000 until August 31,2004.
3. Authorize the Chairperson of the Agency and the Mayor to execute the
agreement for 2003-2004, offering and accepting a loan and various services
from the City to the Agency totaling approximately $4,480,000 for fiscal year
2003-2004.
OTHER BUSINESS
CLOSED SESSION - None
ADJOURNMENT - The next regular meeting of the Redevelopment Agency is scheduled for
Tuesday, September 2, 2003, at 7:00 p.m. in the Council Chamber at 300 Centennial Way.
Agenda - Redevelopment Agency August 18, 2003 - Page 1