HomeMy WebLinkAboutMinutes - December 9, 1985 - RA0
CITY OF AZUSA
MINUTES
JOINT CITY COUNCIL AND REDEVELOPMENT AGENCY
DECEMBER 9, 1985 - 7:30 P.M.
The City Council and the Redevelopment Agency of the City
of Azusa met in joint adjourned regular session at the above
date and time in the Civic Auditorium.
Mayor/Chairman Moses called the meeting to order.
ROLL CALL
Call to order
Roll Call
PRESENT: COUNCILMEMBERS/DIRECTORS: CRUZ, COOK, CAMARENA, MOSES
ABSENT : COUNCILMEMBERS/DIRECTORS: LATTA Latta absent
ALSO PRESENT Also Present
City Attorney/General Counsel Thorson, City Administrator/
Executive Director Wood, Director of Finance Craig, Assistant
to the City Administrator Fuentes, Redevelopment Manager
Harding, Consultant DeDios and City Clerk/Secretary Solis.
Agenda Items C-1 and C-2 were deferred to later in the meeting, Items C-1 &2
when Mr. Latta would be present. dfrd to later
Director Cook offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
AUTHORIZING AND DIRECTING THE NOTICE OF SALE OF REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA WEST END REDEVELOPMENT PROJECT
1985 TAX ALLOCATION NOTES, ADOPTING OFFICIAL NOTICE OF SALE,
APPROVING DISTRIBUTION OF PRELIMINARY OFFICIAL STATEMENT,
AUTHORIZING OTHER OFFICIAL ACTIONS AND PROVIDING OTHER MATTERS
PROPERLY RELATING THERETO.
Res. #228
sale of 1985
Tax Allocatio:
Notes -West
End Red.Proj.
COUNCILMAN/DIRECTOR LATTA ENTERED THE MEETING AT 7:34 P.M. Latta entrd
mtg
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
Director Cook offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA Res. #229
AUTHORIZING AND DIRECTING THE NOTICE OF SALE OF REDEVELOPMENT sale of 1985
AGENCY OF THE CITY OF AZUSA CENTRAL BUSINESS DISTRICT Tax Allocatior
REDEVELOPMENT PROJECT 1985 TAX ALLOCATION NOTES, ADOPTING Notes -CBD
OFFICIAL NOTICE OF SALE, APPROVING DISTRIBUTION OF PRELIMINARY Red.Project
OFFICIAL STATEMENT, AUTHORIZING OTHER OFFICIAL ACTIONS 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
Agenda Items C-1 and C-2 were brought forward at this time. Items C-1&2
brt forward
The City Attorney/General Counsel then apprised the Council/
Agency that he had previously advised Mayor/Chairman Moses Moses and
and Councilman/Director Cruz that there was no conflict of Cruz to ab -
interest in the matter of Relco Industries, based on the stain - poss.
fact that the bonds to be sold were for the portion of the conflict of
project already under construction. However, bonds are for interest
Phase II which is not under construction and therefore directed (Relco)
Mr. Moses and Mr. Cruz to abstain from the proceedings to
avoid any conflict of interest.
I
Councilman Cook then offered a resolution entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA APPROVING
THE TRANSFER TO THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
OF ITS MORTGAGE REVENUE BONDS ALLOCATION 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:
COOK, CAMARENA, LATTA
NOES:
COUNCILMEMBERS:
NONE
ABSTAIN:
COUNCILMEMBERS:
CRUZ, MOSES
ABSENT:
COUNCILMEMBERS:
NONE
Director Cook offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
APPROVING IMPLEMENTING AGREEMENTS AND DOCUMENTS RELATING TO
THE SECONDARY FINANCING OF SINGLE FAMILY RESIDENTIAL MORTGAGES
UNDER THE AGENCY RESIDENTIAL MORTGAGE FINANCING PROGRAM AND
PROVIDING OTHER MATTERS PROPERLY RELATING THERETO. SINGLE-
FAMILY RESIDENTIAL MORTGAGE REVENUE BONDS (GNMA MORTGAGE-
BACKED SECURITIES PROGRAM) SERIES 1985 A.
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:
COOK, CAMARENA, LATTA
NOES:
DIRECTORS:
NONE
ABSTAIN:
DIRECTORS:
CRUZ, MOSES
ABSENT:
DIRECTORS:
NONE
Councilman/Director Cook offered a resolution entitled:
A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
AND THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF
THE CITY OF AZUSA TO RECESS TO CLOSED SESSION ON DECEMBER
9, 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 Councilman/Director Cook, seconded by Councilman/
Director Camarena to waive further reading and adopt.
Resolution passed and adopted by the following vote of the
Council/Agency:
AYES: COUNCILMEMBERS/DIRECTORS:
NOES: COUNCILMEMBERS/DIRECTORS:
ABSENT: COUNCILMEMBERS/DIRECTORS:
THE CITY COUNCIL AND THE
CLOSED SESSION AT 7:40 P.M.
CRUZ, COOK, CAMARENA,
LATTA, MOSES
NONE
NONE
Res. #7828
appvng &
transfrng
Mort.Rev.Bonds
to Agency
Res. #230
appvng & im-
plementing
agmts-secondry
financing
under Res.
Mortgage Fin.
Program
Res. #7829
Closed Session
AGENCY RECESSED TO Joint Closed
Session
CITY COUNCIL AND THE REDEVELOPMENT AGENCY RECONVENED AT 8:22 Reconvened
P.M.
Moved by Councilman/Director Cook, seconded by Adjourn
Councilman/Director Latta and unanimously carried to adjourn.
TIME OF
x f'z'�
CITY CLERK
. 8:23 P.M.
NEXT RESOLUTION NO. 7830
NEXT ORDINANCE NO. 2293
12/09/85 PAGE TWO