HomeMy WebLinkAboutRDA MINUTES 2007 09 18MINUTES OF THE REGULAR MEETING OF THE COMMUNITY REDEVELOPMENT AGENCY TUSTIN, CALIFORNIA SEPTEMBER 18, 2007 CALL TO ORDER 7:48 p.m. ATTENDANCE Present: Chair Lou Bone; Chair Pro Tem Jerry Amante; Agency Members Doug Davert and Tony Kawashima Absent: Agency Member Jim Palmer Recording Secretary: Pamela Stoker Others Present: William A. Huston, Executive Director and Douglas C. Holland, City Attorney PUBLIC INPUT -None 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 Community Redevelopment Agency Meeting September 18, 2007 Minutes Page 1 of 2 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 - 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 LOU BONE, Chair PAMELA STOKER Recording Secretary Community Redevelopment Agency Meeting Minutes September 18, 2007 Page 2 of 2