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HomeMy WebLinkAbout1987-0203_CCv0001.pdf 0027 MINUTES of a regular meeting of the Redevelopment Agency of the City of Redlands held in the Council Chambers, 212 Brookside Avenue, on February 3, 1987, at 3:00 P.M. Agency Secretary Poyzer called the meeting to order and immediately recessed it to 7:00 P.M. or as soon thereafter as City Council business would permit. The meeting reconvened at 7:32 P.M. PRESENT Richard N. Larsen, Vice Chairman Charles G. DeMirjyn, Member Barbara C. Wormser, Member John E. Holmes, Executive Director Dallas Holmes, Agency Attorney Derrill Quaschnick, Agency Director Lorrie Poyzer, Agency Secretary John de Leon, The Sun Elaine O'Grady-Rankin, Redlands Daily Facts ABSENT Carole Beswick, Chairman Tim Johnson, Member Minutes of the regular meeting of January 20, 1987, were approved as submitted. Resolution Resolution No. 198, a resolution of the Redevelopment Agency No. 198 of the City of Redlands approving the issuance of its not to exceed $18,000,000.00 principal amount Redlands Redevelopment Project Tax 1987 'Fax Allocation Refunding Bonds, an indenture, an escrow Allocating agreement, an official statement, and a bond purchase agreement, Refunding authorizing the Executive Director to set the final terms of the Bonds sale of the bonds, approving the payment of costs of issuing the bonds, retaining bond counsel and making certain determinations relating thereto, was approved by AYE votes of all present on motion of Mrs. Wormser, seconded by Mr. DeMirjyn. (Also see City Council minutes dated February 3, 1987, for action on Resolution No. 4217.) Coast Mr. Quaschnick reported that the deposit for the Coast Plaza Plaza Project was received on January 22, 1987, and had cleared the Project bank. An amendment will be necessary to the Disposition and Development Agreement and the developer is also asking that he be allowed to build the project in phases. The Redevelopment Advisory Commission will review these matters at their next meeting. Mr. Larsen asked that staff continue to take a strong stand and push this project along. Phase II Associate Engineer Alan Griffiths presented scheduling information Project for the Phase II Street Improvements and the Pacific Savings Bank off-sites. Bids are scheduled to be opened on March 20, 1987. The Agency board members urged staff to move along faster while challenging staff to provide a quality project. Property On motion of Mr. DeMirjyn, seconded by Mrs. Wormser, the Acquisition Agency approved by AYE votes of all present the settlement of the acquisition of the property located at 304 East Stuart Avenue, the southeast intersection of Seventh Street and East Stuart Avenue, Assessor's Parcel No. 169-236-01, for the sum of $53,000.00 and authorized the execution of any and all documents necessary to complete the acquisition. Property On motion of Mrs. Wormser, seconded by Mr. DeMirjyn, the Acquisition Agency approved by AYE votes of all present the settlement of the acquisiton of the property located at 346 Orange Street, Assessor's Parcel No. 169-301-27 for the sum of $142,500.00 and authorized the execution of any and all documents necessary to complete the acquisition. I 0028 There buing no further business. the moating adjourned at 7:52 P.M. Next regular meeting, Febmary 17, 1987. /1 Z' 1 4- p ATTEST: "0. rma Recret 0-0-0-0-01-0-0-0