HomeMy WebLinkAbout1989-0103_CCv0001.pdf 0087
MINUTES of a regular meeting of the Redevelopment Agency of the City of Redlands
held in the Council Chambers, 212 Brookside Avenue, on January 3,
1989, at 3:35 P.M.
PRESENT Carole Beswick, Chairman
Barbara C. Wormser, Vice Chairman
Charles G. DeMirjyn, Member
Tim Johnson, Member
William E. Cunningham, Member
John E. Holmes, Executive Director
Daniel J. McHugh, Agency Attorney
Norman McMenemy, Acting Agency Director
Lorrie Poyzer, Agency Secretary
Pamela Fitzsimmons, The Sun
Sheryl Oring, Redlands Daily Facts
ABSENT None
Minutes of the regular meeting of December 20, 1988, were approved
as submitted.
Bond Financing Finance Director Kaenel recommended that staff be authorized to refinance
the Redevelopment Agency parking lease bonds so as to provide a cash
flow for the Redevelopment Agency projects already approved. Council-
member Cunningham indicated he had not had sufficient time to compare'
figures presented to the staff report to those of Katz-Hollis and therefore
would not vote on this matter at this time. Mrs. Wormser moved to
authorize the refunding of the 1974 Parking Lease Bonds, Series A,
and the 1975 Parking Lease Bonds, Series B, and directed that these
bonds not extend the life of the Agency. Motion seconded by
Mrs. Beswick and carried by the following vote:
AYES: Members Wormser, Johnson; Chairman Beswick
NOES: Members DeMirjyn and Cunningham
There being no further business, the meeting adjourned at 3:50 P.M.
Next regular meeting, January 17, 1989.
ATTEST: Chairman, Redevelopment Agency
Secr tary
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