HomeMy WebLinkAbout1974-1001 rda_CCv0001.pdf MINUTES of an adjourned regular meeting of the Redevelop-
ment Agency of the City of Redlands held in the
Council Chambers, Safety Hall, 212 Brookside
Avenue, on October 1, 1974 at 2 :30 P.M.
PRESENT Sack B. Cummings, Chairman
Ellsworth E. Miller, Member
Charles G. DeMi.rjyn, Member
Chresten M. Knudsen, Member
Bertha Rose Grace, Member
W. C. Schindler, Community Development
Director
Edward F. Taylor, City Attorney
Peggy A. Moseley, Secretary
Erwin S. Hein, Redlands Daily Facts
Rosemary Hite, San Bernardino Sun
ABSENT None
BIDS The following bid on $2,000, 000 principal amount
negotiable promissory notes, in letter form, was
received in the office of the Secretary of the
Redevelopment Agency and opened and publicly
Bid declared at 11:00 A.M. this date:
Promissory Goldman-Sachs $2,000,000
Notes Los Angeles, CA Less discount of: 89,000
Aggregate: $1, 911, 000
Interest rate: 7-1f4j
At this time Mr. Ed Hyland of Stone and Youngberg
summarized the bid, stated that it was legal in
all aspects, and in view of the present money
market, was to be considered very acceptable.
The members discussed the matter at length. Mr.
DeMirjyn stated that he had been advised by sev-
eral knowledgeable community members that a better
procedure would be to take two two and one--half
x
months and raise the entire sum needed for re-
MEN' by a bond issue. Chairman Cummings
stated that while possibly some points could be
saved in interest, the rate of construction in-
crease at this time would not justify such a
delay.
The motion by Councilman Miller, seconded by
Councilwoman Grace, to accept the bid of Goldman-
Resolution Sachs as outlined above, and to adopt Resolution
No. 139
Awarding No. 139, a resolution of the Redevelopment Agency
Bid of the City of ;Redlands awarding the bid, carried
by the following roll call vote':
AYES: Members Miller, Knudsen, Grace, Chair-
man Cummings
NOES: Member DeMirjyn
ABSENT: None
Mr. DeMirjyn stated that he intendedtofile in-
vestigative action for conflict of interest of
the members of this body and some employees.
Chairman Cummings responded that that was his
privilege.
Director of Building and Safety Mitchell presented
a comprehensive plan for the demolition which is
required in order for redevelopment to proceed:.
He stated that it will be done in phases in order
to allow as much time as possible for salvage;
Demolition that each property,would be handled as a separate
entity in order that schedules could be 'readjusted
to accommodate tenants having difficulty in: re-
locating; and added that working this project in
phases will permit the work to be done by com-
munity contractors. Mr. Mitchell presented a
map covering Phase i.
Mr, Knudsen complimented Mr. Mitchell on his
handling of this project and particularly ex-
pressed satisfaction with the use of local con-
tractors and engineers.
BE
w
On motion of Member DeMirjyn, seconded by Member
Miller, authorization was given to advertise for
Bid Auth-
orization fixed price competitive bids for demolition and
land clearing for Phases 1 and 2 as shown on the
map presented to the Agency.
"There being no further business, the Redevelopment
Agency adjourned, on motion.
ATTEST:
Chairman of the Redevelopment
_Sec nary �.
Agency
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