HomeMy WebLinkAboutRDA 01 RDA MINUTES OF 5/1/07 MEETING 05-15-07Agenda Item RDA 1
Reviewed:
MINUTES OF THE REGULAR MEETING OF THE City Manager
COMMUNITY REDEVELOPMENT AGENCY
TUSTIN, CALIFORNIA Finance Director N/A
MAY 1, 2007
CALL TOORDER - 7:58 P.M.
ATTENDANCE
Present: Chair Lou Bone; Chair Pro Tem Jerry Amante; and Agency Members Doug
Davert, Tony Kawashima, and Jim Palmer
Absent: None
City Clerk: Pamela Stoker
Others Present: William A. Huston, Executive Director and David Kendig, Assistant City
Attorney
PUBLIC INPUT -None
REGULAR BUSINESS ITEMS
1. APPROVAL OF MINUTES -REGULAR MEETING OF APRIL 17, 2007
Motion: It was moved by Agency Member Davert, seconded by Chair Pro Tem Amante, to
approve the Redevelopment Agency Minutes of April 17, 2007 as recommended by staff.
Motion carried 5-0.
2. SALE OF RESTRICTED AFFORDABLE HOUSING UNIT: 14870 DANCY COURT IN
TUSTIN GROVE
Motion: It was moved by Agency Member Davert, seconded by Chair Pro Tem Amante, to:
2.a. Authorize the City Manager andlor Assistant City Manager to have the Agency
exercise its Purchase Option at 14870 Dancy Court in Tustin Grove and authorize
the Agency staff to buy the unit directly from the seller based on the formula
contained in the Purchase Option, including authorization to market, and resell the
unit and impose .new affordability restrictions on any new purchaser, as
recommended by the City Attorney. The action includes authorization for the City
Manager andlor Assistant City Manager to execute any necessary documents and
to take all actions necessary including the execution of all related documents and
instruments.
2.b. Appropriate $280,000 from un-appropriated fund balances in the South Central
Housing Set-Aside Fund for marketing and acquisition expenses.
Motion carried 5-0.
ADJOURNED - 7:59 P.M. -The next regular meeting is scheduled for Tuesday, May 15,
2007 at 7:00 p.m. in the Council Chamber, 300 Centennial Way, Tustin,
California
Community Redevelopment Agency Meeting May 1, 2007
Minutes Page 1 of 1