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MINUTES of a regular meeting of the Board of Directors of the Redevelopment Agency of
the City of Redlands held in the Council Chambers, Civic Center, 35 Cajon
Street, on November 16, 2010 at 4:21 P.M.
PRESENT Pat Gilbreath, Chairperson
Jerry Bean, Vice Chairperson
Jon Harrison, Boardmember
Mick Gallagher, Boardmember
Pete Aguilar, Boardmember
ABSENT None
STAFF N. Enrique Martinez, Executive Director; Daniel J. McHugh, Agency Attorney;
Tina Kundig, Finance Director/Agency Treasurer; Oscar Orci, Redevelopment
Agency Director* and Sam Irwin, Agency Secretary 11%
CONSENT CALENDAR
Minutes - On motion of Mr. Bean, seconded by Mr. Gallagher, the minutes of
the regular meeting of November 2, 2010 were approved as submitted.
NEW BUSINESS
Restaurant Incentive Loan -A motion of Mr. Bean, seconded by Mr. Gallagher,
requesting further study by staff of a participation agreement between the
Redevelopment Agency and the Shabahang-Hatami Family Trust for a
Commercial Rehabilitation Program Restaurant Incentive Loan to assure the
appropriate interest rate arrangement for the loan, was defeated with Mayor
Gilbreath and Councilmembers Harrison and Aguilar voting No due to the
delay. On motion of Mr. Aguilar, seconded by Mr. Harrison, the participation
agreement was approved, subject to a personal guarantee, in a standard
Redlands bank format, being signed by the applicant, and using the Local
Agency Investment Fund interest rate, adjusted annually and capping at the
ten-year trend of 3,17%. As part of the motion, a participation agreement
between the Agency and Shahrokh Shabahang for a fagade easement for
property at 5 East Citrus Avenue was rescinded. Mr. Bean and Mr. Gallagher
voted No on Mr. Aguilar's motion restating the need for further staffwork. Mr.
Bean requested a copy of all the documents in this matter be provided to the
Board members prior to execution of the transactions.
PUBLIC COMMENTS
None forthcoming.
ADJOURNMENT
There being no further business, the Board of Directors' meeting of the
Redevelopment Agency adjourned at 4:49 P.M. The Board of Directors will
meet next at their regularly scheduled meeting on December 7, 2010.
",..........
Chairman, Redevelopment Agency
Attest:
Sam Irwin, Secretary
4.
November 16,2010