HomeMy WebLinkAboutMinutes - June 15, 1987 - RA0 6
CITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
JUNE 15, 1987 - 7:44 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.
ROLL CALL
PRESENT: DIRECTORS: COOK, CRUZ, LATTA, MOSES
ABSENT : DIRECTORS: AVILA
Call to order
Roll Call
Avila absent
Moved by Director Latta, seconded by Chairman Moses and Avila excused
unanimously carried by roll call* to excuse Director Avila
from the meeting.
ALSO PRESENT Also Present
General Counsel Thorson, Interim Executive Director
Fuentes, City Department Heads, Redevelopment Project
Analysts Steel and Katchen, Secretary Solis, Deputy
Secretary Lara.
THE REDEVELOPMENT AGENCY AND THE CITY COUNCIL CONVENED CRA & Cncl
JOINTLY AT 7:45 P.M. convened
The purpose of the following resolutions and promissory
notes is to show the administrative and operating costs of
the Agency as an incurred debt in the form of an advance
from the City. This allows the Agency to increase its
amount of indebtedness, thereby increasing the amount of
tax increment revenues received. Actual expenses of the
Agency would be paid from the City's General Fund, and would
then be immediately reimbursed by the Agency from available
funds. This transaction will not cause an additional
financial burden on the City's financial posture but will
formalize an actual debt instrument required in obtaining
our full allocation of tax increment.
Director Cruz offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. #369
AZUSA REQUESTING AN ADVANCE FROM THE CITY OF AZUSA FROM THE req.advance
GENERAL FUND FOR PURPOSES OF THE WEST END DISTRICT frm City for
REDEVELOPMENT PROJECT. West End
Moved by Director Cruz, seconded by Director Latta to waive Redev.Area
further reading and adopt. Resolution passed and adopted by
the following vote of the Agency:
AYES: DIRECTORS: COOK, CRUZ, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: AVILA
Councilman Latta offered a resolution entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res. #8264
AUTHORIZING AN ADVANCE FROM THE GENERAL FUND FOR PURPOSES OF granting
THE WEST END DISTRICT REDEVELOPMENT PROJECT. advance for
West End
Redev.Area
Moved by Councilman Latta, seconded by Councilman Cruz to
waive further reading and adopt. Resolution passed and
adopted by the following vote of the Council:
AYES: COUNCILMEMBERS: COOK, CRUZ, LATTA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: AVILA
Director Cruz offered a resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. #370
AZUSA REQUESTING AN ADVANCE FROM THE CITY OF AZUSA FROM THE req.advance
GENERAL FUND FOR PURPOSES OF THE CENTRAL BUSINESS DISTRICT frm City for
REDEVELOPMENT PROJECT. CBD
Moved by Director Cruz, seconded by Director Latta to waive
further reading and adopt. Resolution passed and adopted by
the following vote of the Agency:
AYES: DIRECTORS: COOK, CRUZ, LATTA, MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: AVILA
Councilman Cruz offered a resolution entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
AUTHORIZING AN ADVANCE FROM THE GENERAL FUND FOR PURPOSES OF
THE CENTRAL BUSINESS DISTRICT REDEVELOPMENT PROJECT.
Moved by Councilman Cruz, seconded by Councilman Latta, to
waive further reading and adopt. Resolution passed and
adopted by the following vote of the Council:
AYES: COUNCILMEMBERS: COOK, CRUZ, LATTA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: AVILA
THE REDEVELOPMENT AGENCY CONTINUED AND THE CITY COUNCIL
RECESSED AT 7:55 P.M.
Res. #8265
granting
advance for
CBD
Cncl recessed
CRA cont.
Moved by Director Latta, seconded by Director Cruz and Min appvd
unanimously carried by roll call* to approve the Minutes of
the May 27th special meeting and the regular meeting of June
1st, 1987.
Director Latta offered two separate resolutions
authorizing payment of warrants by the Agency entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. #'s 371
AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT OF & 372 -
REDEVELOPMENT AGENCY FUNDS. Warrants
Moved by Director Latta, seconded by Director Cook to waive
further reading and adopt. Resolutions passed and adopted
by the following vote of the Agency:
AYES:
DIRECTORS:
COOK, LATTA, MOSES
NOES:
DIRECTORS:
NONE
ABSTAIN:
DIRECTORS:
CRUZ
ABSENT:
DIRECTORS:
AVILA
Moved by Director Cook, seconded by Director Latta and Agency Treas.
unanimously carried by roll call* to receive and file Agency Fin. Stment
Treasurer's Financial Statement showing a balance of
$2,774,690.35 as of April 30, 1987.
06/15/87 PAGE TWO
E
PUBLIC PARTICIPATION
0
Pub Prtc
Mr. Art Morales addressed the Agency requesting amount of A. Morales re
monies to be advanced to the Agency with regard to above info on monie
resolutions. Interim Executive Director Fuentes responded to CRA frm Ct
to his question.
Moved by Director Cook, seconded by Director Latta and Adj to 6/29/
unanimously carried by roll call* to adjourn meeting to 87 @ Woman's
6:30 P.M., June 29, 1987, in the Woman's Club, 1003 North Club
Azusa Avenue.
TIME OF ADJOURNMENT: 7:55 P.M.
SECRETARY
f
NEXT RESOLUTION NO. 373
* Indicates Director Avila absent
06/15/87 PAGE THREE