HomeMy WebLinkAboutMinutes - August 3, 1992 - RACITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
AUGUST 3, 1992 - 8:24 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: MADRID, NARANJO, ALEXANDER,
MOSES
ABSENT: DIRECTORS: DANGLEIS
ALSO PRESENT Also
present
General Counsel Wadden, Executive Director Garcia,
Redevelopment Director Steel, City Department Heads,
Secretary Solis, Deputy Secretary Toscano.
THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT Cncl
AGENCY AT 8:23 P.M. convene
As a result of the 1979 Mortgage Revenue Bond refunding, w/CRA
the Agency acquired three (3) mortgages with outstanding
balances of $313,938. The Agency desires to sell these
mortgages as an investment for the City Light Fund for
$291,304.
Moved by Councilman/Director Alexander, seconded by Purchase
Councilman/Director Naranjo and unanimously* carried by of
roll call to approve the purchase of three mortgages by the mortgages
Light Fund from the Redevelopment Agency in the amount of by Light
$291,304, authorize the necessary budget transfers, and Fund from
direct staff to prepare the necessary documents. CRA
THE CITY COUNCIL RECESSED AND THE REDEVELOPMENT AGENCY Cncl
CONTINUED AT 8:24 P.M. recess CRA
cont.
PUBLIC PARTICIPATION Pub Prtc
Mr. Legault addressed Councilmembers/Directors requesting R. Legault
an update on the Krems Property. comments
City Administrator Garcia responded stat'ng that there is City Admin
no update on negotiation at this time, and no movement by response
Code Enforcement, however, an update will be presented at
the next meeting.
0 6
The CONSENT CALENDAR consisting of Items I -3a through I -3c, Cons Cal
was approved by motion of Director Alexander, seconded by appvd
Director Naranjo, and unanimously* carried by roll call
vote.
a. The Minutes of the regular meeting of July 20, 1992, Min appvd
were approved as written.
b. The Agency Treasurer's Report as of June 30, 1992, was
received and filed.
C. Two separate resolutions authorizing payment of
warrants by the Agency were adopted and entitled:
A RESOLUTION OF THE CITY
CLAIMS AND DEMANDS TO BE
AGENCY FUNDS.
SCHEDULED ITEMS
NONE
SPECIAL CALL ITEMS
NONE
OF AZUSA ALLOWING CERTAIN
PAID OUT OF REDEVELOPMENT
It was consensus of the Boardmembers to recess to the end
of the City Council meeting.
THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT
AGENCY AT 8:44 P.M.
Councilman/Director Naranjo offered a Resolution entitled:
Treas Rpt
Reece. 92-
R50 & 51.
Warrants
Schad Item
None
Spec Call
CRA
convened
w/ Cncl
A JOINT RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res 92-R52
AND THE BOARD OF DIRECTORS OF THE REDEVELOPMENT AGENCY OF Clad Sess
THE CITY OF AZUSA TO RECESS TO CLOSED SESSION ON AUGUST 3,
1992.
Moved by Councilman/Director Naranjo, seconded by
Councilman/Director Alexander to waive further reading and
adopt. Resolution passed and adopted by the following vote
of the Council/Agency.
AYES: COUNCILMEMBERS/DIRECTORS: MADRID, ALEXANDER,
NARANJO, MOSES
NOES: COUNCILMEMBERS/DIRECTORS: NONE
ABSENT: COUNCILMEMBERS/DIRECTORS: DANGLEIS
TIME OF RECESS TO CLOSED SESSION: 8:45 P.M. Recess
THE CITY COUNCIL AND THE REDEVELOPMENT AGENCY RECONVENED Reconvened
AT 9:23 P.M.
Moved by Councilman/Director Alexander, seconded by Adjourn
Councilman/Director Naranjo and unanimously carried by
roll call to adjourn.
08/03/92 PAGE TWO
E
TIME OF ADJOURNMENT: 9:24 P.M.
NEXT RESOLUTION NO. 92-R53
NEXT ORDINANCE NO. 92-RO2
*Indicates Dangleis Absent.
08/03/92 PAGE THREE