HomeMy WebLinkAboutRDA 01 MINUTES OF JOINT & REG MTG 2007 04 17 05-01-07Agenda Item RDA 1
Reviewed:
City Manager
Finance Directo NIA
MINUTES OF THE JOINT AND REGULAR MEETING OF THE
COMMUNITY REDEVELOPMENT AGENCY
TUSTIN, CALIFORNIA
APRIL 17, 2007
CALL TO ORDER - 9:13 P.M.
ATTENDANCE
Present: Chair Lou Bone, Chair Pro Tem Jerry Amante, Agency
Members Doug Davert, Tony Kawashima, and Jim Palmer
Absent: None
Recording Secretary: Pamela Stoker
Others Present: William A. Huston, Executive Director and Douglas C.
Holland, City Attorney
JOINT MEETING BETWEEN THE
COMMUNITY REDEVELOPMENT AGENCY,
TUSTIN PUBLIC FINANCING AUTHORITY, AND CITY COUNCIL
2. LOAN AGREEMENT WITH CITIGROUP GLOBAL MARKETS
It was moved by Agencymember/Councilmember Davert, seconded by
Chair/Mayor Pro Tem Amante, to approve the following item:
Motion carried 5-0.
Community Redevelopment Agency Action (Item No. 2)
Motion: Adopt resolutions.
RDA RESOLUTION NO. 07-03 - A resolution of the Tustin Community
Redevelopment Agency approving the form and authorizing the
issuance of a promissory note and approving the form and authorizing
the execution of a note purchase agreement relating thereto, in an
amount not to exceed $5,100,000, in connection with the financing of
the acquisition of certain land within the agency's South Central
Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment Project and authorizing and directing actions with
respect thereto (Series ANote -Tax-Exempt)
RDA RESOLUTION NO. 07-02 - A resolution of the Tustin Community
Community Redevelopment Agency Meeting April 17, 2007
Minutes Page 1 of 3
Redevelopment Agency approving the form and authorizing the
issuance of a promissory note and approving the form and authorizing
the execution of a note purchase agreement relating thereto, in an
amount not to exceed $19,900,000, in connection with the financing of
the acquisition of certain land within the agency's South Central
Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment Project and authorizing and directing actions with
respect thereto (Series BNote -Taxable)
Tustin Public Financing Authority Action (Item No. 2)
Motion: Adopt resolutions.
TPFA RESOLUTION NO. 07-03 - A resolution of the Tustin Public
Financing Authority approving the form and authorizing the execution of
a note purchase agreement in an amount not to exceed $5,100,000, in
connection with the financing by the Tustin Community Redevelopment
Agency of the acquisition of certain land within the agency's South
Central Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment project and authorizing and directing actions with
respect thereto (Series ANote -Tax-Exempt)
TPFA RESOLUTION NO. 07-02 - A resolution of the Tustin Public
Financing Authority approving the form and authorizing the execution of
a note purchase agreement in an amount not to exceed $19,900,000, in
connection with the financing by the Tustin Community Redevelopment
Agency of the acquisition of certain land within the agency's South
Central Redevelopment Project but of benefit to its MCAS Tustin
Redevelopment Project and authorizing and directing actions with
respect thereto (Series BNote -Taxable)
City Council Action (Item No. 21)
Motion: Adopt resolutions.
RESOLUTION NO. 07-39 - A resolution of the City Council of the City
of Tustin approving the issuance by the Tustin Community
Redevelopment Agency of a promissory note in an amount not to
exceed $5,100,000, in .connection with the financing of the acquisition
of certain land within the agency's South Central Redevelopment
Project but of benefit to its MCAS Tustin Redevelopment Project
(Series ANote -Tax-Exempt)
RESOLUTION NO. 07-37 - A resolution of the City Council of the City
of Tustin approving the issuance by the Tustin Community
Redevelopment Agency of a promissory note in an amount not to
exceed $19,900,000, in connection with the financing of the acquisition
Community Redevelopment Agency Meeting April 17, 2007
Minutes Page 2 of 3
of certain land within the agency's South Central Redevelopment
Project but of benefit to its MCAS Tustin Redevelopment Project
(Series BNote -Taxable)
CITY COUNCIL MEETING WAS RECONVENED AT 9:14 P.M. WITH ALL MEMBERS
PRESENT
CALL TO ORDER - 9:31 P.M.
ATTENDANCE
Present: Chair Lou Bone, Chair Pro Tem Jerry Amante, Agency
Members Doug Davert, Tony Kawashima, and Jim Palmer
Absent: None
Recording Secretary: Pamela Stoker
Others Present: William A. Huston, Executive Director and Douglas C.
Holland, City Attorney
REGULAR BUSINESS
1. APPROVAL OF MINUTES -REGULAR MEETING OF APRIL 3, 2007
Motion: It was moved by Agency Member Davert, seconded by Chair Pro Tem
Amante, to approve the Redevelopment Agency Minutes of April 3, 2007 as
recommended by staff. Motion carried 5-0.
ADJOURNED - 9:32 P.M. The next regular meeting is scheduled for Tuesday, May 1,
2007 at 7:00 p.m. in the Council Chamber, 300 Centennial Way, Tustin, California
Community Redevelopment Agency Meeting April 17, 2007
Minutes Page 3 of 3