HomeMy WebLinkAbout110398rda_CCv0001.pdf MINUTES ofaregular meeting of the Board of Directors ofthe Redevelopment Agency of
the City of Redlands held in the City Council Chambers, Civic Center, 35 Cajon
Street, at 3:50 P.M. on November 3, 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
ABSENT Nona
The minutes of the regular meeting of October 20. 1988. were unanimously
approved as submitted on motion of Mr. Fnsedrnon, seconded by
Mrs. Gilbreath.
JOINT MEETING - REDEVELOPMENT AGENCY AND CITY COUNCIL
Resolution No. 276 - RDA Debt Refinancing - Finance Director Johnson and
Jim CervanUez of Stone and Youngberg described the refinancing process in
n3|8tiOn to outstanding Redevelopment Agency debt which was authorized
during the May City Council budget hearings. K4[. FF88d03D moved tOadopt
Resolution No. 270, a nonn|uhon of the Redevelopment agency of the City of
Redlands authorizing the issuance ufits Redlands Redevelopment Project Tax
o||000bon Refunding bonds, Series 1988A; approving aform of indenture; o
fO[[D Of CODt[@Ct Of purchase; 8 fO[0 Of OffiCi@| St@tO0UDt; fOrnlS Of refunding
escrow agreements and o form of continuing dioo|oauna agreement; making
certain d8te[DliDGUODS n3|GUDg thereto; and authorizing certain other G[tiOO in
connection therewith. Motion seconded byMr. George and was 000rdered by
the Chairman aethere was noopposition tuthe motion.
NEW BUSINESS
Subordination Agreement - Jarboe - Mr. Freedman moved to approve the
subordination agreement between Jonathan VV. Jarboe and Tammy L. Jarboe
and the F{8dev8|OpDlGOt AO8DCy for property which is located at 1002
Herrington Drive and authorized execution ofthe necessary documents.
- Chairman Cunningham briefly explained the action
taken by this Board on September 1. 1998. approving an agreement with the
American Baptist Homes of the West (ABH[)VV) for the Fern Lodge project
which will be |OCGt8d at the southwest corner OfRedlands Boulevard and Fern
Avenue. In exchange for the allocation of set-aside fundn. ABHC}VV would
reimburse the Redevelopment Agency all proceeds from the eu|u of the
Redevelopment Agency
November 3. 1S98
Page
residential unit located on the property. Sale of the existing residential unit has
become awkward, and ABHOW is now proposing to deed it to the City of
Redlands. Mr. Cunningham moved to reconsider this commitment. Motion
seconded by Mrs. Banda. Referring to the minutes of September 1, 1998, Mr.
Freedman asked for confirmation that the other two items would remain the
same under the prior agreement and that the property would be deeded to the
City of Redlands free and clear of any encumbrances. Board members
concurred with Mr. Freedman's request and approval was so ordered by the
Chairman as there was no opposition to the motion.
ADJOURNMENT
There being no further business, the Board of Directors' meeting of the
Redevelopment Agency adjourned at 4:05 P.M. The next regular meeting will
be held on November 17, 1998.
Secretary
Redevelopment Agency
November 3, 1998
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