HomeMy WebLinkAboutRDA 00 AGENDA 09-18-07
CITY OF TUSTIN SEPTEMBER 18, 2007
REGULAR MEETING OF THE COUNCIL CHAMBER
300 CENTENNIAL WAY, TUSTIN
COMMUNITY REDEVELOPMENT AGENCY
Jerry Amante, Chair Pro Tem William A. Huston, Executive Director
Doug Davert, Agency member Douglas C. Holland, Legal Counsel
Tony Kawashima, Agency member Pamela Stoker, Recording Secretary
Jim Palmer, Agency member Lou Bone, Chair George Jeffries, City Treasurer
CALL TO ORDER
ROLL CALL
PUBLIC INPUT – Refer to City Council Agenda First Public Input
REGULAR BUSINESS ITEMS
(Agenda Items 1 and 2)
1. APPROVAL OF MINUTES - REGULAR MEETING OF SEPTEMBER 4, 2007
: Approve the Redevelopment Agency Minutes of September 4,
Recommendation
2007
2. WORKING CAPITAL LOAN AND ADMINISTRATIVE SERVICES AGREEMENT
BETWEEN THE CITY OF TUSTIN AND THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY
The approval of this loan and administrative services agreement between the City
of Tustin and the Tustin Community Redevelopment Agency will comply with
Section 33675 of the California Health and Safety Code regarding the allocation
and payment of tax increment to Redevelopment Agencies, and provide the
resources necessary to carry out the Agency's programs.
Recommendations:
2.a. Approve Working Capital loan of $4,000,000 to the South Central Project
Area through August 31, 2008; and
2.b. Authorize the Mayor and the Chairperson of the Agency to execute the
attached agreement for 2007-2008, offering and accepting a loan and
various services from the City to the Agency totaling $4,850,000 for Fiscal
Year 2007-2008.
ADJOURNMENT – Next regular meeting is scheduled for Tuesday, October 2, 2007 at 7:00
p.m. in the Council Chamber, 300 Centennial Way, Tustin, California
Community Redevelopment Agency Meeting September 18, 2007
Agenda Page 1 of 1