HomeMy WebLinkAboutMinutes - December 18, 2000 - RACITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
MONDAY, DECEMBER 18, 2000 - 9:25 P.M.
The Board of Directors of the Redevelopment Agency of the City of Azusa met in
regular session at the above date.
Chairperson Madrid called the meeting to order.
ROLL CALL
PRESENT: DIRECTORS: HARDISON, STANFORD, ROCHA, BEEBE,
MADRID
ABSENT: DIRECTORS: NONE
ALSO PRESENT:
General Counsel Carvalho, Executive Director Cole, Economic
Development/Redevelopment Director Andrews, City Department Heads, Deputy
Secretary Toscano.
SCHEDULED ITEM
Call to Order
Roll Call
Also Present
Sched Item
CONTINUED PUBLIC HEARING - regarding Tax and Equity Fiscal Responsibility Pub Hrg
Act ("TEFRA"): Villa Azusa Senior Apartments, 200 East Gladstone Street, Azusa. TEFRA
Director of Economic Development/Redevelopment Andrews addressed the Hearing CRA Dir
stating that the issue is the proposed acquisition and financing for the Villa Azusa comments
Apartments. He detailed the specifics and recommended approval.
Testimony was solicited, but, none was received.
Testimony/none
Moved by Director Beebe, seconded by Director Stanford and unanimously carried to Hrg Closed
close the Public Hearing.
Director Stanford offered a Resolution entitled:
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE AZUSA
REDEVELOPMENT AGENCY APPROVING THE ISSUANCE OF
MULTIFAMILY HOUSING REVENUE BONDS BY THE CALIFORNIA
STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY.
Moved by Director Stanford, seconded by Director Beebe to waive further reading and
adopt. Resolution passed and adopted by the following vote of the Agency members:
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, BEEBE,
MADRID
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
Director Stanford offered a Resolution entitled:
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE AZUSA
REDEVELOPMENT AGENCY APPROVING SECOND AMENDMENT TO THE
AMERICAN RETIREMENT VILLAS PROPERTIES III, L.P. OWNER
PARTICIPATION AGREEMENT.
Moved by Director Stanford, seconded by Director Beebe to waive further reading and
adopt. Resolution passed and adopted by the following vote of the Agency members:
Res. 00-R37
Approving issuance
Multifamily Hsg
rev bonds by
California
Statewide
Communities
Development Auth.
Res. 00-R39
Approving 20d
amend to American
Retirement Villas
Properties III, L.P.
OPA
0 0
AYES: DIRECTORS: HARDISON, STANFORD, ROCHA, BEEBE,
MADRID
NOES: DIRECTORS: NONE
ABSENT: DIRECTORS: NONE
The CONSENT CALENDAR consisting of items VII -A and VII -B were approved by Consent Calendar
motion of Director Hardison, seconded by Director Rocha and unanimously carried. VII -A & VII -B
A. Minutes of regular meeting of December 4, 2000, were approved as written. Min approved
B. Resolution authorizing payment of warrants by the Agency was adopted and
entitled:
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF Res. 00-R39
AZUSA ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT Warrants
OF REDEVELOPMENT FUNDS.
It was consensus of the Redevelopment Agency Boardmembers to adjourn.
TIME OF ADJOURNMENT: 9:29 P.M.
NEXT RESOLUTION NO. 01-111.
NEXT ORDINANCE NO. 01-01
1.2/18/00 PAGE TWO
Adjourn