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HomeMy WebLinkAboutMinutes - December 9, 1985 - RA (2)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, Itaas C=l &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 Res. #228 AUTHORIZING AND DIRECTING THE NOTICE OF SALE OF REDEVELOPMENT sale of 1985 AGENCY OF THE CITY OF AZUSA WEST END REDEVELOPMENT PROJECT Tax Allocation 1985 TAX ALLOCATION NOTES, ADOPTING OFFICIAL NOTICE OF SALE, Notes -West APPROVING DISTRIBUTION OF PRELIMINARY OFFICIAL STATEMENT, End Red.Proj. AUTHORIZING OTHER OFFICIAL ACTIONS AND PROVIDING OTHER MATTERS PROPERLY RELATING THERETO. 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 Allocatioi 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. 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: 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. # 231 Closed Session. THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY RECESSED TO Joint Closed CLOSED SESSION AT 7:40 P.M. 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 8:23 P.M. A� z A� ZY4, SECRETARY NEXT RESOLUTION NO. 232 12/09/85 PAGE TWO