HomeMy WebLinkAboutMinutes - February 19, 1991 - RACITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
FEBRUARY 19, 1991 - 8:38 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: DANGLEIS, STEMRICH, NARANJO,
ALEXANDER, MOSES
ABSENT DIRECTORS: NONE
ALSO PRESENT
General Counsel Thorson, Executive Director Caswell,
Redevelopment Director Steel, City Department Heads,
Deputy Secretary Lara, Administrative Clerk Toscano.
PUBLIC PARTICIPATION
NONE
Call to order
Roll Call
Also Present
Pub Prtc
None
The CONSENT CALENDAR consisting of Items H -2a through H -2d, Cons Cal
was approved by motion of Director Naranjo, seconded by appvd
Director Dangleis, and unanimously carried by roll call
vote.
a. The Minutes of the regular meeting of February 4, 1991, Min appvd
were approved as written.
b. California State Law requires each City Agency to adopt
a formal Investment Policy. The policy seeks to
maximize the safety and yield of the investments while
maintaining sufficient liquidity to meet cash flow
needs. The following Resolution was adopted:
A RESOLUTION OF THE EXECUTIVE BOARD OF THE REDEVELOPMENT Res. #91-R1
AGENCY OF THE CITY OF AZUSA AODPTING ITS INVESTMENT Investment
POLICY. Policy
C. The Agency Treasurer's Financial Statement showing a Agency Treas
balance of $7,313,431.83 as of January 31, 1991, was Fin Stmt
received and filed.
d. Resolution authorizing payment of warrants by the Agency
was adopted and entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. #91-R2
AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT
OF REDEVELOPMENT AGENCY FUNDS.
SCHEDULED ITEMS
Sched. Items
NONE None
SPECIAL CALL ITEMS
NONE
It was consensus of the Agency to recess to the end of the
City Council meeting.
TIME OF RECESS: 8:40 P.M.
THE REDEVELOPMENT AGENCY CONVENED JOINTLY WITH THE CITY
COUNCIL AT 10:06 P.M.
Councilman/Director Alexander 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 FEBRUARY
19, 19911 PURSUANT TO THE PROVISIONS OF GOVERNMENT CODE
SECTION 54957 AND MAKING FINDSING PURSUANT TO GOVERNMENT
CODE SECTION 54956.9(b).
Moved by Director/Councilman Alexander, seconded by
Chairman/Mayor Moses to waive further reading and
adopt. Resolution passed and adopted by the following vote
of the Agency/Council:
AYES: COUNCILMEMBERS/DIRECTORS: DANGLEIS, STEMRICH,
NARANJO, ALEXANDER, MOSES
NOES: COUNCILMEMBERS/DIRECTORS: NONE
ABSENT: COUNCILMEMBERS/DIRECTORS: NONE
TIME OF RECESS TO CLOSED SESSION: 10:07 P.M.
Spec Call
None
Recess to
end of Cncl
mtg
Res. #91-R3
Closed Sess
THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY RECONVENED AT Recovened
10:32 P.M.
Moved by Director/Councilman Dangleis, seconded by Adjourn
Director/Councilman Alexander and unanimously carried to
adjourn.
TIME OF ADJOURNMENT: 10:33 P.M.
NEXT RESOLUTION NO. 91-R4
02/19/91 PAGE TWO