HomeMy WebLinkAbout010698rda_CCv0001.pdf MINUTES nforegular meeting ofthe Board ofDirectors ofthe RedevelopmentAgency of
the City OfRedlands held iDthe City Council Chambers, Civic Center, 35Cajon
Street, at 4:20 P.M. on January 6, 1998.
PRESENT William E. Cunningham, Chairman
GgniA. G. Banda, Vice Chairman
Pat Gilbreath, K4ennbar
John L. Freedman, Member
Gary George, Member
Gary K4. Luebbern. Executive Director
Daniel J. McHugh, Agency Attorney
LorriePoyzer. Agency Secretary
Joshua Lowe, Redlands Daily Facts
Courtney Cho||on. Press Enterprise
Monica Whitaker, The Sun
ABSENT None
The minutes of the regular meeting of December 16. 1907. were unanimously
approved as submitted on motion of Mrs. Gi|braoih, seconded by Mr.
Freedman.
JOINT MEETING - REDEVELOPMENT AGENCY AND CITY COUNCIL
Resolution No. 264 - RDA Loan - Finance Director Johnson explained that as
pod of the funding plan for the Eureka Street Improvement Project, approved
by the City Council OD April 1, 1997. and in 8CCOnd@DC8 with the 1090-97
adopted budget. the Redevelopment Agency was to contribute $1.217.940.00
towards the Project. 7Fhgag funds were to be made available from the
proceeds relating to the oo|e of two pieces of Redevelopment Agency-owned
land. The sales were competed; however, the Redevelopment Agency is
holding u note receivable on the Abrams property (C>nanga Street and Pearl
Avenue) that was O[iQiO@||y due April 23, 1997. and extended to January 15,
1988. As a nnau|t. on June 30. 1897. the Redevelopment Agency Capital
Project Fund, having paid its full COOO[Oit[DGDt' had 8 C8Sh deficit Of
$383.050.00. Historically, the General Fund has covered any cash deficiency
iDthe form Of@loan. This loan will have DOfinancial O[cash flow impact ODthe
General Fund in as much on during 1998-97. the Redevelopment Agency Debt
Service Fund repaid the General Funds $383.05O.OUufoutstanding loans. It is
recommended the City loan the Redevelopment Agency this amount in
GCCOnd@DCe with The California C000[Dittg8 OO Municipal ACCOUOiiDg'S VVhiL8
paper entitled "Accounting and Financial Reporting for Loans between
California Cities and Related Redevelopment Agencies" issued in May 1998.
The adoption of Resolution No. 284 will alleviate on audit finding for the year
ended June 30, 1997. K8no. Gilbreath moved toadopt Resolution No. 254a
resolution of the Redevelopment Agency of the City of Redlands documenting
@ |OaD from the City tDthe Redevelopment Agency. Motion S8CODd8d by Mrs.
Redevelopment Agency
January 8. 1998
Page
Banda and carried unanimously. (Also see City Council minutes for January 6,
1998.)
Resolution No. 263 - Great Neighborhoods Program - Community Services
Manager Pettus reported that staff has qualified additional participants in the
Great Neighborhoods Program. Mr. George moved to adopt Resolution No.
263, a resolution of the Redevelopment Agency of the City of Redlands
authorizing the use of low- and moderate-income housing funds outside the
Redlands Project Area and authorized participant agreements for the Great
Neighborhoods Program between the Redevelopment Agency and Virginia and
Ralph Lopez, 316 Brockton Avenue; Darryl and Susan Hill, 215 Church Street;
and Lori Floyd, 518 San Jacinto Street. Motion seconded by Mrs. Banda and
carried unanimously. (Also see City Council minutes dated January 6, 1998.)
ADJOURNMENT
There being no further business, the Board of Directors' meeting of the
Redevelopment Agency adjourned at 4:36 P.M. The next regular meeting will
be held on January 20, 1998.
Secretary
Redevelopment Agency
January 6, 1998
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