HomeMy WebLinkAboutMinutes - May 4, 1992 - RA0 0
CITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
MAY 41 1992 - 9:32 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: DANGLEIS, MADRID, NARANJO,
ALEXANDER, MOSES
ABSENT DIRECTORS: NONE
ALSO PRESENT Also Present
General Counsel Wadden, Executive Director Garcia,
Redevelopment Director Steel, City Department Heads,
Secretary Solis, Administrative Clerk Sifuentes.
THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT Cncl/Cra
AGENCY AND THE PUBLIC FINANCING AUTHORITY AT 9:31 P.M.
The Agency proposes to issue bonds in an amount not to Purchase of
exceed $7,000,000 for the purpose of funding various Bonds
redevelopment projects in upcoming years. The bonds will be
secured solely by a pledge of tax increments available to
the Agency. Though the resolution authorizes up to
$7,000,000, staff expects the actual issue to approximate
$5.5-$6.0 million.
Director Dangleis offered a Resolution entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res 92-R25
AZUSA AUTHORIZING ISSUANCE OF NOT TO EXCEED $7,000,000 Auth Issu-
AGGREGATE PRINCIPAL AMOUNT OF MERGED PROJECT AREA TAX ance & appvg
ALLOCATION BONDS, 1992 SERIES A, APPROVING AND AUTHORIZING execution of
AND DIRECTING EXECUTION OF INDENTURE OF TRUST RELATING related
THERETO, AUTHORIZING SALE OF SUCH BONDS, APPROVING OFFICIAL documents
STATEMENT AND PROVIDING OTHER MATTERS PROPERLY RELATING
THERETO.
Moved by Director Dangleis, seconded by Director Alexander
to waive further reading and adopt. Resolution passed and
adopted by the following vote of the Agency:
AYES: DIRECTORS: DANGLEIS, MADRID, NARANJO, ALEXANDER,
MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
Councilman Dangleis offered a Resolution entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res 92-054
APPROVING ISSUANCE BY THE REDEVELOPMENT AGENCY OF THE CITY Appvg Issu-
OF AZUSA OF NOT TO EXCEED $7,000,000 AGGREGATE PRINCIPAL ance Bonds
AMOUNT OF REDEVELOPMENT AGENCY OF THE CITY OF AZUSA MERGED
PROJECT AREA TAX ALLOCATION BONDS, 1992, SERIES A.
Moved by Councilman Dangleis, seconded by Councilman
Alexander to waive further reading and adopt. Resolution
passed and adopted by the following vote of the Council:
0
AYES: COUNCILMEMBERS:
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS:
DANGLEIS, MADRID,
ALEXANDER,
NONE
NONE
Director Dangleis offered a Resolution entitled:
P
NARANJO,
MOSES
A RESOLUTION OF THE AZUSA PUBLIC FINANCING AUTHORITY
AUTHORIZING THE PURCHASE AND SALE OF NOT TO EXCEED
$7,000,000 PRINCIPAL AMOUNT OF TAX ALLOCATION BONDS, 1992
SERIES A, UPON CERTAIN TERMS AND CONDITIONS, APPROVING
DISTRIBUTION OF OFFICIAL STATEMENT RELATING THERETO AND
PROVIDING OTHER MATTERS PROPERLY RELATING THERETO.
Moved by Director Dangleis, seconded by Director Alexander
to waive further reading and adopt. Resolution passed and
adopted by the following vote of the Authority:
AYES: DIRECTORS: DANGLEIS, MADRID, NARANJO, ALEXANDER,
MOSES
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
THE CITY COUNCIL RECESSED, THE AZUSA PIIBLIC FINANCING
AUTHORITY ADJOURNED AND THE REDEVELOPMENT AGENCY CONTINUED
AT 9:32 P.M.
PIIBLIC PARTICIPATION
None
Res 92-P1
Auth Purchase
Appvg Dist-
ribution re-
lated Docu-
ments
Pub Prtc
The CONSENT CALENDAR consisting of Items I -3a and I -3f, Cons Cal
was approved by motion of Director Dangleis, seconded by appvd
Director Naranjo, and unanimously carried by roll call
vote.
a. The Minutes of the regular meeting of April 21, 1992, Min appvd
were approved as written.
b. The Agency has negotiated a Purchase Agreement for
acquiring 240 West Foothill owned by John Abdelnour.
This facility will be resold to the Chamber of Commerce
in accord with the Disposition and Development Agreement
previously approved by the Agency. The following
Resolution was adopted:
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF Res. 92-R26
THE CITY OF AZUSA APPROVING A PURCHASE AND SALE Pur Agmt
AGREEMENT FOR THE PURCHASE OF CERTAIN REAL PROPERTY 240 W. Foot -
GENERALLY LOCATED AT 240 WEST FOOTHILL BOULEVARD. hill
c. The Agency has negotiated a Purchase Agreement for 600
No. San Gabriel Avenue, owned by Mr. and Mrs. Gallant.
This property will eventually be used for parking and
related public improvements. The following Resolution
was adopted:
A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF Res. 92-R27
THE CITY OF AZUSA APPROVING A PURCHASE AND SALE Pur Agmt
AGREEMENT FOR THE PURCHASE OF CERTAIN REAL PROPERTY 600 N. San
GENERALLY LOCATED AT 600 NORTH SAN GABRIEL AVENUE. Gabriel Ave
d. The Agency Board directed staff to initiate the EIR EIR/Fibre
process for Fibre Fuels operation as consideration for Fuels
extending their Owner Participation Agreement. Staff cont
has prepared the required initial studies, solicited 5/18/92
consultant proposals and recommended the most qualified
proposer (Envicom). Fibre Fuels is required to pay for
the cost of the Environmental Impact Report. At the
request of legal counsel for Fibre Fuels, this item was
continued to May 18, 1992 meeting.
05/04/92 PAGE TWO
e. The Agency Treasurer's Report showing a balance of Agency Rpt
$3,141,863.58, as of March 31, 1992, was received and rec & filed
filed.
f. Resolution authorizing payment of warrants by the Agency
was adopted and entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. 92-R28
AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT Warrants
OF REDEVELOPMENT AGENCY FUNDS.
SCHEDULED ITEMS Sched. Items
None None
SPECIAL CALL ITEMS Spec Call
None None
THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT CRA convened
AGENCY AT 11:05 P.M. w/Cncl
Councilman/Director Alexander offered a Resolution entitled:
A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res. #92-R29
AND THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF Closed Sess
THE CITY OF AZUSA TO RECESS TO CLOSED SESSION ON MAY 41
1992.
Moved by Councilman/Director Alexander, seconded by
Councilman/Director Naranjo to waive further reading and
adopt. Resolution passed and adopted by the following vote
of the Council/Agency:
AYES: COUNCILMEMBERS/DIRECTORS: DANGLEIS, MADRID,
NARANJO, ALEXANDER, MOSES
NOES: COUNCILMEMBERS/DIRECTORS: NONE
ABSENT: COUNCILMEMBERS/DIRECTORS: NONE
TIME OF RECESS TO CLOSED SESSION: 11:06 P.M.
THE CITY COUNCIL AND THE
11:41 P.M.
AGENCY RECONVENED AT
Moved by Councilman/Director Naranjo, seconded by
Councilman/Director Dangleis and carried to adjourn.
Councilman Alexander absent.
TIME OF
11:44 P.M.
DEPUTY SECRETARY
NEXT RESOLUTION NO. 92-R30
NEXT ORDINANCE NO. 92-R02
05/04/92 PAGE THREE
Recess
Reconvened
Adjourn