HomeMy WebLinkAboutRDA MINUTES 01-03-83 ~ OF A ~z..AR
0F ~ ~r,~Kvml,OL:'Yl~X AG~ICZ 0~'
Dec,....her 20, 1982
The meeting was called to order by Chairman Edgar at 4:16 p.m. in the City
Council Chambers, 300 Centennial Way, Tustin, California.
2 o ~ C~AT-T-
Agency Members Present:
Agency M~mhers Absent:
Others Present:
Edgar, Greinke, Kennedy, Saltarelli
Hoesterey
William A. Huston, Executive Director/City Mgr.
James G. Rourke, City Attorney
Mary E. Wynn, Recording Secretary/City Clerk
Michael Brotemarkle, Community Dev. Director
Ronald Nault, Finance Director
Roy Gonzales, Personnel Director
Robert Ledendecker, Director of Public Works
Reed Jensen, Water Services. Analyst
Earl Rowenho~st, Water Services Manager
Eva Solis, Deputy City Clerk
Approximately 15 in the audience
It was moved by Kennedy, seconded by Greinke, to approve the minutes of
the December 6, 1982, meeting. The motion carried 4-0, Hoesterey absent.
4. ~L O~ D~%ND8
It was moved by Kennedy, seconded by Saltarelli, to approve General
De~ands for the month of Nov-mher, 1982, in the amount of $689,481.14 as
recomended by the Director of Finance. Carried 4-0, Hoesterey absent.
5. LO~AL ~"~K"'~Z ZL'~F,8'~m~T
The Executive Director presented the staff report and recommendation as
contained in the inter-com dated December 15, 1982, prepared by the
Finance Director. It was then moved by Kennedy, seconded by Edgar, to
adopt the following:
~O~ NO. ~A 82-14 - A Resolution of the Tustin C_~-~unity Redevelop-
ment Agency, REQUESTING THAT THE TUSTIN COMMUNITY REDEVELOPMENT ~ENCY BE
ACCEPTED AS A MEMBER OF THE LOCAL AGENCY INVESTMENT FUND.
The Finance Director responded to Mr. Saltarelli's concerns relative to
any liability the City might be exposed to in co-mingling funds with the
State, reporting that the State is under the same legal requirements as
the City. Mr. Grei~ke stated his opposition to co-mingling any City funds
with the State unless there is a definite insurance policy to the effect
that funds would not be impounded by the State if they should ever
default. The Executive Director clarified that there is no more risk than
investing funds in Bank of America or Security Pacific, who co-mingle
funds with other sources and invest in various opportunities.
The motion carried 3-1, Greinke opposed, Hoesterey absent.
81
Mr. Saltarelli thanked Mr. Greinke for his time and efforts
new trees on E1 Camino Real/Main Street.
in securing
REDEVELOPMENT AGENCY MISU3TES
Page 2, 12-20-82
7. SC)G'X~C:Bt,~'RAZ, ~rJsu,mv~ ~ ~
Chairman Edgar acknowledged receipt of material on the South/Central Rede-
velopment Project Area noting that the matter was not agendized by t_he
Agency for today's meeting. It was then moved by Kennedy, seconded by
Edgar, to direct staff to proceed with the steps required to establish the
South/Central Project Area.
Mr. Greinke expressed his concern with proceeding ~nder current economic
conditions. After further Agency discussion, the motion carried 3-~,
Greinke opposed, Hoesterey absent. 81
At 4:29 p.m. it was moved by Kennedy, seconded by Edgar, to adjourn to the
next regular meeting on January 3, 1983. Carried 4-0, Hoesterey absent.
CHAIRMAN
RECORDING SECRETARY