HomeMy WebLinkAboutRDA MINUTES 2003 08 18 MINUTES
REGULAR MEETING OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
CITY OF TUSTIN, CALIFORNIA
AUGUST 18, 2003
7:15 p.m.
CALL TO ORDER
Agency Present:
Agency Absent:
--Recording Secretary:
Others Present:
ROLL CALL
Chair Pro Tem Tony Kawashima, Agency Members Lou Bone,
Doug Davert and Jeffery M. Thomas
Chair Tracy Wills Worley
Pamela Stoker
William A. Huston, Lois Jeffrey, City Attorney
None
PUBLIC INPUT
REGULAR BUSINESS
(Agenda Items I and 2)
It was moved by Thomas, seconded by Davert, to approve
Redevelopment Agency Items 1 and 2.
Motion carried 4-0, Worley absent.
Approved
1. APPROVAL OF MINUTES - REGULAR MEETING OF
AUGUST 4, 2003
Recommendation: Approve the Redevelopment Agency
Minutes of August 4, 2003.
Approved
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.
--None
OTHER BUSINESS
CLOSED SESSION - None
ADJOURNMENT - Chair Pro Tem Kawashima adjourned the meeting at 7:16 p.m. The next
regular meeting of the Redevelopment Agency was scheduled for Tuesday, September 2, 2003,
at 7:00 p.m. in the Council Chamber at 300 Centenn~ial Way.<~TRACY~S ~fi~wORLEY, CHAIR~
P;~MEI_~ STOKEI~ECORDING SECRETARY
Minutes - Redevelopment Agency August 18, 2003 - Page 1