HomeMy WebLinkAboutRDA 01 MINUTES OF RDA MEETING 2007 09 18MINUTES OF THE REGULAR MEETING OF THE
COMMUNITY REDEVELOPMENT AGENCY
TUSTIN, CALIFORNIA
SEPTEMBER 18, 2007
CALL TO ORDER
ATTENDANCE
Present:
Absent:
Recording Secretary:
Others Present:
PUBLIC INPUT -None
7:48 p.m.
Agenda Item 1
Reviewed:
City Manager
Finance Director NIA
Chair Lou Bone; Chair Pro Tem Jerry Amante; Agency
Members Doug Davert and Tony Kawashima
Agency Member Jim Palmer
Pamela Stoker
William A. Huston, Executive Director and Douglas C. Holland,
City Attorney
REGULAR BUSINESS ITEMS - It was moved by Agency Member Davert, seconded by
Chair Pro Tem Amante, to approve items 1 and 2. Motion carried 4-0 (Palmer absent).
1. APPROVAL OF MINUTES -REGULAR MEETING OF SEPTEMBER 4, 2007
Motion: Approve the Redevelopment Agency Minutes of September 4, 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.
Motion:
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
Community Redevelopment Agency Meeting September 1 ~, zuu ~
Minutes Page 1 of 2
Year 2007-2008.
ADJOURNMENT - 7:49 p.m. -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
Minutes Page 2 of 2