HomeMy WebLinkAboutMinutes - December 2, 1985 - RACITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
DECEMBER 2, 1985 - 7:36 P.M.
The Redevelopment Agency of the City of Azusa met in regular
session at the above date and time in the Civic Auditorium.
Chairman Moses called the meeting to order. Call to order
ROLL CALL Roll Call
PRESENT: DIRECTORS: CRUZ, COOK, CAMARENA, LATTA, MOSES
ABSENT : DIRECTORS: NONE
ALSO PRESENT Also present
General Counsel Thorson, Assistant to the Executive Director
Fuentes, City Department Heads, Consultant Hill, Administrative
Clerk Toscano, Deputy Secretary Lara.
AT THIS TIME, 7:37 P.M. THE CITY COUNCIL AND THE REDEVELOPMENT Convene joint -
AGENCY CONVENED JOINTLY. ly CRA&Cncl
Councilman Cook offered a resolution entitled:
A RESOLUTION OF THE CITY COUNCIL APPROVING THE ISSUANCE BY Res. #7825
THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, SINGLE FAMILY appvng issunce
RESIDENTIAL MORTGAGE REVENUE BONDS (GNMA MORTGAGE-BACKED res.rev.bonds
SECURITIES PROGRAM) SERIES 1985 A, IN THE PRINCIPAL AMOUNT
OF $16,800,000.
Moved by Councilman Cook, seconded by Councilman Camarena
to waive further reading and adopt. Resolution passed and
adopted by the following vote of the Council:
AYES: COUNCILMEMBERS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
Director Cook offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
DETERMINING TO AUTHORIZE THE ISSUANCE OF $16,800,000 PRINCIPAL
AMOUNT OF SINGLE FAMILY RESIDENTIAL MORTGAGE REVENUE BONDS
THE (GNMA MORTGAGE-BACKED SECURITIES PROGRAM) SERIES 1985
A, SUCH BONDS TO BE ISSUED PURSUANT TO A TRUST INDENTURE
DATED AS OF DECEMBER 1, 1985, AUTHORIZING THE SALE OF SUCH
BONDS, SUBJECT TO CERTAIN TERMS AND CONDITIONS, APPROVING
DISTRIBUTION OF PRELIMINARY OFFICIAL STATEMENT RELATING TO
SUCH BONDS, DIRECTING SUBMISSION OF FINAL IMPLEMENTING
AGREEMENTS AND DOCUMENTS AND PROVIDING OTHER MATTERS PROPERLY
RELATING THERETO.
Moved by Director Cook, seconded by Director Camarena to
waive further reading and adopt. Resolution passed and adopted
by the following vote of the Agency:
AYES: DIRECTORS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
Res. #224
authorizing
issuance of
mortgage
rev.bonds
0 6
Director Cook offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA Res. #225
APPROVING IMPLEMENTING AGREEMENTS AND DOCUMENTS RELATING appvng agmts
TO THE ISSUANCE OF $16,800,000 PRINCIPAL AMOUNT OF SINGLE re: mortgage
FAMILY RESIDENTIAL MORTGAGE REVENUE BONDS (GNMA MORTGAGE- rev. bonds
BACKED SECURITIES PROGRAM) SERIES 1985 A, AND PROVIDING OTHER
MATTERS PROPERLY RELATING THERETO.
Moved by Director Cook, seconded by Director Camarena to
waive further reading and adopt. Resolution passed and adopted
by the following vote of the Agency:
AYES: DIRECTORS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
AT THIS TIME, 7:46 P.M., THE CITY COUNCIL RECESSED AND THE Cncl recessed
REDEVELOPMENT AGENCY CONTINUED.
There being no additions or corrections, the Minutes of the Min appvd
6:00 P.M. and 7:30 P.M. meetings of November 18, 1985, were
approved as written.
Director Cruz offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA Res. #226
ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT OF Warrants
REDEVELOPMENT AGENCY FUNDS.
Moved by Director Cruz, seconded by Director Cook to waive
further reading and adopt. Resolution passed and adopted
by the following vote of the Agency:
AYES: DIRECTORS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
AT THIS TIME, 7:56 P.M. THE AGENCY RECESSED TO THE END OF Recessed
THE CITY COUNCIL MEETING.
THE REDEVELOPMENT AGENCY RECONVENED AT 9:52 P.M. Reconvened
Mayor/Chairman Moses offered a resolution entitled:
A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res. #227
AND THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF Closed Session
THE CITY OF AZUSA TO RECESS TO CLOSED SESSION ON DECEMBER
2, 1985, PURSUANT TO THE PROVISIONS OF GOVERNMENT CODE SECTION
54957 AND MAKING FINDINGS PURSUANT TO GOVERNMENT CODE SECTION
54956.9(a) AND (c).
Moved by Mayor/Chairman Moses, seconded by Councilman/Director
Cook to waive further reading and adopt. Resolution passed
by the following vote of the Council/Agency:
AYES: COUNCILMEMBERS/DIRECTORS: CRUZ, COOK, CAMARENA,
LATTA, MOSES
NOES: COUNCILMEMBERS/DIRECTORS: NONE
ABSENT: COUNCILMEMBERS/DIRECTORS: NONE
THE COUNCIL AND THE AGENCY RECESSED TO CLOSED SESSION AT Adj to Closed
8:56 P.M. Session
THE CITY COUNCIL AND THE AGENCY RECONVENED AT 9:53 P.M. Reconvened
12/02/85 PAGE TWO
Moved by Councilman/Director Cook, seconded by Councilman/
Director Latta and unanimously carried to adjourn to a Joint
City Council and Redevelopment Agency meeting on MONDAY,
DECEMBER 9, 1985, at 7:30 P.M. to conduct regular business
and to hold a CLOSED SESSION pursuant to Government Code
Section 54957.
TIME OF ADJOURNMENT: 9:56 P.M.
rSECRETARY1
DEPUTY
NEXT RESOLUTION NO. 228
12/02/85 PAGE THREE
Adj to 12/9/85
7:30 P.M.