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Home My WebLink AboutMinutes - September 25, 1979 - RA.b, — -% CIVIC AUDITORIUM AZUSA, CALIFORNIA TUESDAY, 25, 1979 7 40 p m The Redevelopment Agency of the City of Azusa met in adjourned regular session at the above time and place Chairman Solem called the meeting to order Call to Order Present at Roll Call Directors Decle r, Fry, Cruz, Roll Call Moses, Solem Also Present City Attorney Newton, Special Counsel Friedlander, Executive Director Dangleis, City Department Heads, Secretary Solis There being no additions or corrections, the Minutes of Appvl Min of the September 4, 1979, regular meeting stand approved as 9/4/79 reg mtg written Director Decker offered a resolution entitled Res #31 re appvg rules & A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY regs re res OF AZUSA APPROVING RULES AND REGULATIONS RELATING TO mortgage fin ITS RESIDENTIAL MORTGAGE FINANCING PROGRAM prgm Moved by Director Decker, seconded by Director Moses and unanimously carried to waive further reading Moved by Director Declo r, seconded by Director Moses that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES Directors Decker, Fry, Cruz, Moses, Solem NOES Directors None ABSENT Directors None The Seller's Guide for the sale of Mortgage Loans to Seller's Guide the Redevelopment Agency of the City as well as the & Servicer's Servicer's Guide for the servicing of Mortgage Loans Guide for the Redevelopment Agencywas received by the Agency Director Moses offered a resolution entitled Res #32 re appvng & auth A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF execution of AZUSA, APPROVING AND AUTHORIZING EXECUTION OF COMMITMENT res Mortg Fin CONTRACT (AND RESERVATION OF FUNDS) FOR THE RESIDENTIAL Prgm MORTGAGE REVENUE BONDS, 1979 SERIES A RESIDENTIAL MORTGAGE (McKeon Constr) FINANCING PROGRAM Moved by Director Moses,seconded by Director Fry and unanimously carried to waive further reading Moved by Director Moses, seconded by Director Fry that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES Directors Decker, Fry, Cruz, Moses, Solem NOES Directors None ABSENT Directors None Director Decker offered a resolution entitled Res #33 re appvg & auth A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA,execution of APPROVING AND AUTHORIZING EXECUTION OF COMMITMENT CONTRACT Res Mortgage (AND RESERVATION OF FUNDS) FOR THE RESIDENTIAL MORTGAGE Fin Program REVENUE BONDS, 1979 SERIES A RESIDENTIAL MORTGAGE FINANCING PROGRAM (Lesny Dev Co DBA Azusa Moved by Director Decker, seconded by Director Moses Properties) and unanimously carried to waive further reading CIVIC AUDITORIUM AZUSA, CALIFORNIA TUESDAY, Moved by Director Decker, seconded by Director Moses that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES tDirectors Decker, NOES Direc ors None ABSENT Directors None Fry, Cruz, Moses, Solem Director Fry offered a resolution entitled A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, APPROVING AND AUTHORIZING EXECUTION OF COMMITMENT CONTRACT AND RESERVATION OF FUNDS) FOR THE RESIDENTIAL MORTGAGE REVENUE BONDS, 1979 SERIES A RESIDENTIAL MORTGAGE FINANCING PROGRAM Moved by Director Fry, seconded by Director Decker and unanimously carried to waive further reading Moved by Director Fry, seconded by Director Decker that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES Directors Decker, Fry, Cruz, Moses, Solem NOES Directors None ABSENT Directors None Director Fry offered a resolution entitled A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, APPROVING AND AUTHORIZING EXECUTION OF COMMITMENT CONTRACT (AND RESERVATION OF FUNDS) FOR THE RESIDENTIAL MORTGAGE REVENUE BONDS, 1979 SERIES A RESIDENTIAL MORTGAGE FINANCING PROGRAM Moved by Director Fry, seconded by Director Decker and unanimously carried to waive further reading Moved by Director Fry, seconded by Director Decker that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES Directors Decker, Fry, Moses, Solem NOES Directors Cruz ABSENT Directors None Director Fry offered a resolution entitled A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, APPROVING AND AUTHORIZING EXECUTION OF MORTGAGE IRAN PURCHASE AGREEMENT FOR THE RESIDENTIAL MORTGAGE REVENUE BONDS, 1979 SERIES A RESIDENTIAL MORTGAGE FINANCING PROGRAM Moved by Director Fry, seconded by Director Decker and unanimously carried to waive further reading Moved by Director Fry, seconded by Director Decker that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES Directors Decker, Fry, Cruz, Moses, Solem NOES Directors, None ABSENT Directors None The Mortgage Loan Purchase Agreement was then received by the Agency. 25, 1979 Page 2 Res #34 re appvng & auth exec of Res Mortgage Fin Program (Lesny Dev Cc DBA Sierra Properties) Res #35 re appvng & auth exec of Res Mortgage Fin Program (Rainbow Angling Club Corp ) Res #36 re appvng &auth Mortgage Loan Purch Agmnt CIVIC AUDITORIUM AZ• , CALIFORNIA TUESDAY, SEPTEMBER 25, 1979 Page 3 Director Moses offered a resolution entitled Res #37 re A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY execngof auth OF AZUSA, APPROVING AND AUTHORIZING EXECUTION OF Servicing SERVICING AGREEMENT FOR THE RESIDENTIAL MORTGAGE Agreement REVENUE BONDS, 1979 SERIES A RESIDENTIAL MORTGAGE FINANCING PROGRAM Moved by Director Moses, seconded by Director Fry and unanimously carried to waive further reading Moved by Director Moses, seconded by Director Fry that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES DIRECTORS Decker, Fry, Cruz, Moses, Solem NOES DIRECTORS None ABSENT DIRECTORS- None The Servicing Agreement was then received by the Agency Director Fry offered a resolution entitled Res #38 re auth issuance A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE of Res Mortg CITY OF AZUSA AUTHORIZING THE ISSUANCE OF Rev Bonds RESIDENTIAL MORTGAGE REVENUE BONDS 1979 SERIES A Moved by Director Fry, seconded by Director Decker and unanimously carried to waive further reading Moved by Director Fry, seconded by Director Decker that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES Directors Decker, Fry, Cruz, Moses, Solem NOES Directors None ABSENT Directors None Director Decker offered a resolution entitled Res #39 re estab low & A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE moderate CITY OF AZUSA, ESTABLISHING THE IOW AND MODERATE income INCOME HOUSING FUND housing fund Moved by Director Decker, seconded by Director Moses and unanimously carried to waive further reading Moved by Director Decker, seconded by Director Moses that resolution be adopted Resolution passed and adopted by the following vote of the Agency AYES Directors Decker, Fry, Cruz, Moses, Solem NOES Directors None ABSENT Directors None Community Redevelopment Agency recessed as CRA and reconvened as City Council at 8 15 p m City Council recessed and reconvened as CRA at 8 21 p m Moved by Director Moses, seconded by Director Cruz Statmnts of and unanimously carried to receive and file State- Int in parti- ments of Interest in Participating in Redevelopment cipating in Project from the following Redevelop area CHIC AUDITORIUM AZUSA, CALIFORNIA TUESDAY, SEPTEMBER 25, 1979 Page 4 1 Jack Kagan, dba Azusa Jewelers 2 Wilbur Standley, dba Will's Auto Parts 3 Lowell R Hamilton, dba Hamilton Lawnmower Service 4 Henk Van Olphen, dba Azusa Bike Sales 5 John R Parr, dba Square Deal 6 Elizabeth Hahn 7 Dean D Buxton Presentations were made by New West Development Corpora- Presentations tion and Leavy Development Corporation regarding redevelop- re NW & NE ment of both the northeast and northwest corners of corners of Foothill Blvd Foothill Blvd Moved by Director Moses, seconded by Chairman Solem Motion to that decision regarding granting exclusive negottation table decision rights to developer of proposed areas be tableB to the (failed) October 15th meeting, failed by the following vote of the Agency AYES Directors Moses, Solem NOES Directors Decker, Fry, Cruz ABSENT Directors None Moved by Director Cruz, seconded by Director Decker that Lesny Dev Lesny Development Corporation be given exclusive nego- Corp to cation rights for the redevelopment of the northwest redevelop NW corner of Azusa Avenue and Foothill Blvd , only, passed corner of by the following vote of the Agency Foothill Blvd AYES Directors D'ecker,OFry, Cruz, Moses, Solem NOES Directors lone - ABSENT Directors None Moved by Director Cruz, seconded by Director Moses that 90 days Lesny Development Corporation provide a status report exclusive within 30 days to the Agency and that exclusive negotia- rights tion rights be given for a period of 90 days, failed by (failed) the following vote of the Agency AYES Directors Cruz NOES Directors Decker, Fry, Moses, Solem ABSENT Directors None Moved by Director Fry, seconded by Director Decker that 180 days Ancy enter into exclusive negotiation agreement for awarded to 180 days as requested by developers and that a status Lesny Dev Co report be provided within 30 days to the Agency, passed by the following vote of the Agency AYES Directors Decker, Fry, Moses, Solem NOES Directors Cruz ABSENT Directors None Moved by Director Fry, seconded by Director Decker and unanimously carried to adjourn Time of Adjournment 10 15 p m Adjourn � secretary Next Resolution #40