HomeMy WebLinkAbout051998rda_CCv0001.pdf MINUTES nforegular meeting ofthe Board ofDirectors ofthe RedevelopmentAgency of
the City OfRedlands held iDthe City Council Chambers, Civic Center, 35Cajon
8tnae{. at 4:15 P.M. on May 19 1998.
PRESENT VViUionn E. Cunningham, Chairman
Ggni A. G. Bonda, Vice Chairman
Pat Gilbreath, K4ennbar
John L. Freedman, Member
Gary George, Member
Gory M. Luebbern, Executive Director
Daniel J. K4CHugh, Agency Attorney
Beatrice Gonchez, Acting Agency Secretary
ABSENT Nona
The minutes of the regular meeting of May 5, 1998, were unanimously
approved aesubmitted Vnmotion ofMr. Freedman, seconded byMrs. Banda.
JOINT MEETING - REDEVELOPMENT AGENCY AND CITY OF REDLANDS
Selection of Bond Counsel - 1993 Water and Sewer COP's and RDA Debt
Issue Refinancing - Adthio morning's adjourned regular City Council meeting,
the Council approved refinancing to ufixed rate the 1993 Water and @evvgr
CC}P'a and ROA Debt Issue Refinancing. Finance Director Johnson reported
that the Finance Committee interviewed three applicants. All fees were
comparable ranging from .25 to .30 of percent boned on the total issuance.
The firm being nBC0[DrDeDded is also willing to negotiate further. On DlOUOD Of
Mrs. Gi|bneoth, seconded by Mr. Freedman, the Agency unanimously selected
the firm of Orrick, Herrington and Sutcliffe to serve as Bond Counsel for the
Redevelopment Agency. (Also see City Council minutes doted May 18. 1998.)
ADJOURNMENT
There being no further business, the Board of Directors' rneaiinQ of the
Redevelopment Agency @diOu[D8d @t4:10 P.M. The D8/t regular meeting will
be held on May 19, 1990.
Acting Secretary
Redevelopment Agency
May 10. 100O
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