HomeMy WebLinkAboutRDA MINUTES 11-01-82O,~.o]c)e~ 20, lCj~2
~ ~00l~D~
The meeting was called to order by Chairman Edgar at 5:04 p.m. in the City
Council Chambers, 300 Centennial Way, T~stin, California.
Agency Members Present:
Agency Members Absent:
Others Present:
Edgar, Greinke, Hoesterey, Kennedy, Saltarelli
None
James G. Rourke, City Attorney
william A. H~ston, Exec. Director/City Manager
Mary E. Wynn, Recording Secretary/City Clerk
Mike Brotemarkle, Cca~m~nity Development Director
Ronald Nault, Finanoe Director
Roy Gonzales, Personnel Director
Bob Ledendeoker, Director of Public Works
Norwood Williams, Police Captain
R. Kenneth Fleagle, Consultant
Approximately 20 in the audience
It was moved by Hoesterey, seconded by Kennedy, to approve the minutes of
the October 4, 1982, meeting. The motion carried 5-0.
Se
It was moved by Kennedy, seconded by Hoestere¥, to approve General Demands
for the month of September, 1982, in the a~ount of $885,799.52 as recom-
mended by the Director of Finance. Carried 5-0. 81
As recommended in the report ~ated October 7, 1982, prepared by the Direc-
tor of Public Works, it was moved by Saltarelli, seconded by Hoesterey, to
authorize the supplamental appropriations for the E1 Camino Real/Main
Street Improvement Project as follows:
1. Contract Administration - $1,458.00
2- Construction Inspection - $34,181.00
3. Construction Contract - $35,000.00
Mr. Greinke requested a breakdown on costs of appropriation to be provided
at the next meeting for information purposes only.
The motion carried 5-0.
95
In response to Chairman Edgar, the Director of Public Works provided a
progress report on the project.
6. ~)B~E,0~Kmi'~ ~ ~ .l~O]~ ~ ri:SC. AZ. ~ 1981-82
Pursuant to the recommendation contained in the report dated October 8,
1982, prepared by the Executive Director, it was moved by Hoesterey, sec-
onded by Greinke, to adopt the following resolution:
RESOI/~TI~ NO. I~)A 82-8 - A Resolution of the City of Tustin Redevelopment
Agency APPROVING AND TRANSMITTING THE ANNUAL REPORT
The motion carried 5-0.
As recommended in the report dated October 13,
Finance Director, it was moved by Saltarelli,
adopt the following resolution:
81
1982, prepared by the
seconded by Greinke, to
REDEVELOPMENT AGENCY MINUTES
Page 2, 10-20-82
RESOXA]TIO~i NO. ~)A 82-9 - A Resolution of the Board of Directors of the
Tustin Community Redevelopment Agency PRESCRIBING CHECK AND WARRANT PRO-
CEDURES
Motion carried 5-0.
81
· 8. ISSUANCE A~E) SA~E O~ TAX ~Tz~CATION B0~D8
&
9. The Executive Director presented a brief staff report and introduced Mr.
Michael F. Whipple, Vice President, Miller & Schroeder Municipals, Inc.
In response to Mr. Saltarelli, the Executive Director clarified the word-
ing on Resolution No. RDA 82-10, stating that by adoption of same, the
Agency is authorizing bids on bonds subject to the terms and conditions of
the resolution. Mr. Whipple responded to Agency concerns regarding insur-
ance and interest rates, a 10-year call provision, advance refunding, the
current market status, fixed redemption premium, and the effect of the
election on market rates. Following a lengthy discussion period, it was
moved by Greinke, seconded by Kennedy, to continue the matter to the eve-
ning session. Carried 5-0. 81
RECESS -
~.~w.v. - ¥ s SESSION;
~v~ING
At 5:43 p.m. it was moved by Saltarelli, seconded by Kennedy, to recess to
a 7:30 p.m. Executive Session, and thence to the evening meeting. Carried
5-0.
MI~iOTF~ 0~' AN aD.]~X~i~D E~GOI,AR I~ETING
OF THE ~DE~ELOPM~T ~CX
October 20, 19e2
The meeting was reconvened by Chairman Edgar at 7:30 p.m. with all Agency
members present and {m~ediately recessed to an Executive Session* At 7:58
p.m. the meeting was called to order by Chairman Edgar.
2. ROT_,Z, C~T.T.
Agency M-mhers Present:
Agency Members Absent:
Others Present:
Edgar, Greinke, Hoesterey, Kennedy, Saltarelli
None
Jam~_s G. Rourke, City Attorney
William A. Huston, E~ec. Director/City Manager
Mary E. Wynn, ~ecording Secretary/City Clerk
Mike Brotemarkle, Community Development Director
Ronald Nault, Finance Director
Roy Gonzales, Personnel Director
Bob Ledendecker, Director of Public Works
Norwood Williams, Police Captain
Approximately 26 in the audience
RESOL~TIO~ NO. ~DA 82-10 - A Resolution of the Tustin Cc~ununity Redevelop-
ment Agency AUTHORIZING THE ISSUANCE OF $8,500,000 PRINCIPAL AMOUNT OF
TUSTIN COMMUNITY REDEVELOPMENT AGENCY, TOWN CENTER AREA REDEVELOPMENT
PROJECT, TAX ~TJ.OCATION BONDS, SERIES 1982
It was moved by Kennedy, seconded by Edgar, to pass and adopt Resolution
No. RDA 82-10. Carried 5-0. 81
9.,
~8OI~]TI~ NO. ~DA 82--11 - A Resolution of the Tustin Co~u~unity Redevelop-
ment Agency PROVIDING FOR THE S~T.R OF NOT TO EXCEED $8,500,000 PRINCIPAL
AMOUNT OF TUSTIN COMY~3NITY REDEVELOPMENT AGENCY, TOWN CENTER AREA REDEVEL-
OPMENT PROJECT, TAX ~T.~.OCATION BONDS, SERIES 1982
It was moved by Edgar, seconded by Kennedy, to pass and adopt, Resolution
No. RDA 82-11. Carried 5-0. 81
Mr. Greinke qualified his v~te, due to the problem of finding time to
digest all of the information, but now feels he has received enough infor-
mation in the last two days to support this.
REDEVELOPMENT AGENCY MINUTES
Page 3, 10-20-82
10. ~ ~INESS
.Hr. Saltarelli requested that the Financial Consultant advise the
Finance Director who in turn will advise the Council of daily fluctu-
ations in the bond market until the day of the bid.
11. ADJOu~z~NT
It was moved by Hoesterey, seconded by Greinke, to adjourn at 8:07 p.m. to
the next regular meeting on November 1, 1982. Carried 5-0.
CHAIRMAN
RECORDING SECRETARY