HomeMy WebLinkAbout10301968a-cc_CCv0002.pdf Chresten M. Knudsen, Member
Ralph P. Merritt, Jr. , City Manager
Michael R. Quinn, Deputy City Attorney
Peggy A. Moseley, Secretary
Malcolm Schwartz, Redlands Daily Facts
Chuck Palmer, San Bernardino Sun
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This special meeting of the Parking Authority was convened for the pur-
pose of considering agreements and leases necessary for parking facility
acquisition, and the discussion of long-range parking-lot development.
City Manager Merritt stated that the first order of business was to
consider a lease between the Parking Authority and the City of Redlands
for the Eureka Street parking lot, and a second lease for the Redlands
Boulevard - Orange Street parking lot. He presented itemized breakdowns
of the costs of both lots, and the revenue anticipated from parking. He
stated that the Authority is the financing vehicle and is not responsible
for raising monies , and explained the exchange of funds between the City
Council and the Parking Authority, which funds will ultimately be repaid
by sale of bonds .
Administrative Assistant Mr. John Wagner outlined the resolutions
authorizing agreements with the City providing an advance of funds, and
authorizing the execution of leases, with the City of Redlands, as relate3
to parking facilities on Eureka Street and on Redlands Boulevard and
Orange Street.
He stated that the facilities will be constructed according to specifica-
tions provided by the City and the actual cost will be established by the
construction bids.
Mr. Edward Hyland of Stone and Youngberg explained the procedure for sale
of bonds .
Following Council discussion and reading of the resolution in full,, Reso-
lution No. 4, a resolution of the Parking Authority authorizing the
execution of an agreement with the City of Redlands providing for an
advancement of funds for the purchase of property for the Eureka Street
parking lot in the amount of $54,700, and a second agreement providing
for $1-75, 000 for the purchase and preparation of the parking lot at
Redlands Boulevard and Orange Street. Resolution No. 4 of the Parking
Authority was unanimously adopted on motion of Mr. Cummings, seconded by
Mr. Martinez.
Mr. Wagner then gave full reading to Parking Authority Resolution No, 5,
which authorizes the execution of a lease agreement with the City of
Redlands which covers the leasing of the parking facilities to be devel-
oped at Eureka Street and at Redlands Boulevard and orange Street. Reso-
lution No. 5 of the Parking Authority was unanimously adopted on motion
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Chairman of the Parking Auth ity
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