HomeMy WebLinkAbout050796-rda_CCv0001.pdf AMENDED
MINUTES of a regular meeting of the Board of Directors of the Redevelopment Agency of
the City of Redlands held in the City Council Chambers, Civic Center, 35 Cajon
Street, at 3:48 P.M. on May 7, 1996.
PRESENT Swen Larson, Chairman
Pat Gilbreath, Vice Chairman
William E. Cunningham, Member
Gilberto Gil, Member
Geni A. S. Banda, Member
Gary M. Luebbers, Executive Director
Daniel J. McHugh, Agency Attorney
Beatrice Sanchez, Acting Agency Secretary
John Andrews, Redlands Daily Facts
Alisa Slaughter, The Sun
ABSENT None
The minutes of the regular meeting of April 16, 1996, were unanimously
approved as submitted on motion of Mr. Gil, seconded by Mrs. Gilbreath.
NEW BUSINESS
Agreement - Tax Increment Revenue - Finance Director Chapman explained
he mailed a request for proposal to perform an analysis of the Redevelopment
Agency's tax increment revenue which will be used to enhance the issuance of
refunding bonds to three consulting firms. The report will become an integral
part of the official statement. Rosenow Spevacek Group, Inc. performed the
tax increment analysis in 1994 prior to the issuance of the variable rate
refunding of the parking lease revenue and tax allocation bonds. Of the three
firms, they gave the lowest quote for an all inclusive service fee of $12,500.0.
An additional $5,000.00 would be charged if the 1996-97 assessment roll must
also be reviewed to update the report. Mr. Cunningham moved to approve a
service agreement with Rosenow Spevacek Group, Inc. to perform a
comprehensive study and prepare a report on the Redevelopment Agency's tax
increment revenue. Motion seconded by Mrs. Banda and carried unanimously.
ADJOURNMENT
There being no further business, the Board of Directors' meeting of the
Redevelopment Agency adjourned at 3:49 P.M. The next regular meeting will
be held on May 21, 1996.
Acting Secretary