HomeMy WebLinkAboutMinutes - October 14, 1981 - RA0 0
CITY HALL CONFERENCE ROOM AZUSA, CALIFORNIA OCTOBER 14, 1981 7 00 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 Decker, Fry, Cruz,
Moses, Solem
Also Present Consultants Linn and Wolf, Executive
Director Dangleis, Finance Officer Cooney,
Bond Counsel and Secretary Solis
Director Fry offered a resolution entitled
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA APPROVING RULES AND REGULATIONS, COMMITMENT CONTRACTS,
OWNER PARTICIPATION AGREEMENTS, A SERVICING AGREEMENT,
SERVICERS' GUIDE, ORIGINATION AGREFMTN, ORIGINATORS' GUIDE
AND LETTER OF CREDIT AGREEMENT AND AUTHORIZING CERTAIN
ACTIONS
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
AIES DIRECTORS Decker, Fry, Cruz, Moses, Solen
NOES DIRECTORS None
ABSENT DIRECTORS None
Moved by Director Fry, seconded by Director Decker and
unanimously carried by roll call to direct Staff to either
meet or communicate with Los Angeles County, concurring
with financial arrangements as proposed with regard to
the Second Amendment to the Redevelopment Area, with one
change, in that the City cannot agree to prior approval by
the County of any future proposed amendments to the
redevelopment plan of the City of Azusa
Director Fry offered a resolution entitled
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT
BONDS IN AN AMOUNT NOT TO EXCEED $10,000,000 00 SUBJECT
TO COMPLETION OF PROCEEDINGS IN CONNECTION WITH THE DE-
VELOPMENT PROPOSED BY INTER UNITED DEVELOPMENT COMPANY,
INC , AT A SITE LOCATED WITHIN THE AZUSA CENTRAL BUSINESS
DISTRICT REDEVELOPMENT PROJECT
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
Roll Call
Res #79 appvng
reqs, commitmnt
contract, ownr
participation,
agmts ,servicng
aamts & guide,
orign agmt &
guide & ltr of
credit
Agmt to be
prepared w/L A
Cny-financial
arrangements
Res #80 auth
issuance of Ind
Dev Bonds (In-
ter United Corp
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CITY FALL CONFERENCE ROOM AZUSA, CALIFORNIA OCTOBER 14, 1981 Page Two
Director Fry offered a resolution entitled
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
AZUSA AUTHORIZING THE ISSUANCE OF INDUSTRIAL DEVELOPMENT
BONDS IN AN AMOUNT NOT TO EXCEED $10,000,000 00 SUBJECT
TO COMPLETION OF PROCEEDINGS IN CONNECTION WITH THE
DEVELOPMENT PROPOSED BY EDWARDS THEATRES IN JOINT VENTURE
WITH PARTIES TO BE NAMED, AT A SITE LOCATED WITHIN THE
AZUSA CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT
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
Moved by Director Fry, seconded by Director Cruz and
unanimously carried to adjourn
Time of Adjournment 7 45 p m
j
Secretary
Next Resolution #82
Res #81 auth
issuance of
Ind Dev Bonds
(Edwards Thtrs)
Adjourn