HomeMy WebLinkAbout1984 - 0306rda_CCv0001.pdf MINUTES of a regular meeting of the Redevelopment Agency
of the City of Redlands held in the Council Chambers,
Safety Hall, 212 Brookside Avenue, on March 6 , 1984 ,
at 3 :45 P.M.
PRESENT Carole Beswick, Chairman
Tim Johnson, Vice Chairman
Charles G. DeMirjyn, Member
Oddie J. Martinez, Jr. , Member
Richard Larsen, Member
John Holmes, Executive Director
Derrill Quaschnick, Director
Michael Riddell, Agency Attorney
Lorrie Poyzer, Secretary
Laura Wingard, Redlands Daily Facts
James Nickles, The Sun
ABSENT None
Minutes of the regular meeting of the Redevelopment
Agency of the City of Redlands of February 21 , 1984 ,
were approved as submitted.
Mr. Quaschnick explained that Resolution No. 166
initiates the legal process necessary to permit
the issuance of tax allocation bonds by the
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1h Redevelopment Agency. He noted this resolution only authorizes staff and bond counsel to take
necessary steps to consider issuance of tax
Resolution allocation bonds in 1.984 and does not legally
No. 166 commit the Agency to proceed. Mr. Martinez moved
to approve Resolution No. 166 , a resolution of the
Tax Redevelopment Agency of the City of Redlands
Allocation authorizing the issuance of up to $10 ,000 ,000 . 00
Bonds principal amount of tax allocation bonds of said
Agency to finance a portion of the cost of a
redevelopment project known as the Redlands
Redevelopment Project. Noting that this does not
incur any obligation for taxpayers, Mr. Johnson
seconded the motion, and Resolution No. 166 was
unanimously approved by the Agency.
Budget On motion of Mr. Martinez, seconded by Mr. DeMirjyn,
and the Agency unanimously approved the Redevelopment
Annual Agency Budget Summary and Annual Report for 1983-84
Report for submission to the State.
Financial On motion of Mr. Larsen, seconded by Mr . Martinez ,
Consultant the Agency unanimously authorized execution of an
Agreement agreement for consulting services with Katz , Hollis,
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Coren & Associates, Inc . This contract will provide
the Agency a financial advisor that will be available
when the Agency desires to utilize the firm' s services.
The first assignment under the contract will be
the preparation of a financing plan for implementation
of the Agency' s objectives.
Chairman Beswick accepted with regret the resignation
of Bertha Rose Grace from the Redevelopment Advisory
Appointment Commission and moved to nominate Jane Holden to
complete Mrs. Grace' s term. Motion seconded by
Mr. Johnson and carried unanimously.
There being no further business, the Redevelopment
Agency meeting adjourned, on motion, at 4 :00 P.M.
Next regular meeting, March 20 , 1984 .
Chairman, Redevelopment Agency
ATTEST:
Sec etary
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