HomeMy WebLinkAboutMinutes - August 15, 1994 - RA! 0
CITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
AUGUST 15, 1994 - 8:58 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 Alexander Called the Meeting to order. Call to order
ROLL CALL Roll Call
PRESENT: DIRECTORS: HARDISON, MADRID, NARANJO,
BEEBE, ALEXANDER
ABSENT: DIRECTORS: NONE
ALSO PRESENT Also present
Interim General Counsel Barbosa, Executive Director Garcia,
Redevelopment Director Cervantes, Department Heads, Secretary
Solis, Deputy Secretary Toscano.
The CONSENT CALENDAR consisting of items I -la through I-ld, was Cons Cal
approved by motion of Director Madrid, seconded by Director apvd, I -lb,
Hardison and carried by roll call vote, with the exception of item I- Spec call
lb, which was considered under Special Call portion. Director
Alexander abstaining.
a. The minutes of the adjourned regular meeting of July 25, and the Apvd min
regular meeting of August 1, 1994, were approved as written. July 25 &
August 1.
b. SPECIAL CALL.
Special call
c. The City, Redevelopment Agency, and Public Financing Authority
have issued several governmental bond issues, all of which are Public Finan.
subject to complex arbitrage rules defined in the Internal Mngmnt
Revenue Tax Code. Six new bond issues require arbitrage rebate Provide
calculation sevices. Public finanancing Management, Inc., was arbitrage
approved as the provider of arbitrage rebate calculation services rebate Calc
in the amount of $12,000, and staff was directed to execute the
Engagement Letters.
d. Two separate Resolutions authorizing payment of warrants by the
Agency were adopted and entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Warrants
AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID nos. 94-R45
OUT OF REDEVELOPMENT AGENCY FUNDS. 94-R46
SPECIAL CALL ITEMS
Consent callendar item: I -ib
0 0
At the Redevelopment Workshop of June 27, 1994, the Board of
Directors voted to activate the Economic Development Adisory
Committee, EDAC, with the task of working with staff on an
Implementation Plan of Proposed prjects and to add new
membership.
Director Madrid addressed the issue commending all who worked
with strategic plan for EDAC.
Reactivate
EDAC
Congrats
Moved by Director Alexander, seconded by Director Madrid and Appoint
unanimously carried by roll call vote to approve the appointment of 7 members
an additional seven members to EDAC Committee and approve the to EDAC &
issuance of "Certificates of Appreciation" to all original EDAC Cert of Apprec
members for their efforts. to orig mors
SCHEDULED ITEM Sched Itms
NONE None
Moved by Chairman Alexander, seconded by Director Naranjo and Closes Sess
unanimously carried by roll call to adjourn.
TIME OF ADJOURNMENT: 9:00 P.M.
NEXT RESOLUTION NO. 94-847
NEXT ORDINNANCE NO. 94-ROl
08/15/94 PAGE TWO