HomeMy WebLinkAboutMinutes - November 18, 2002 - RAAh Ah
CITY OF AZUSA
MINUTES OF THE REDEVELOPMENT AGENCY
REGULAR MEETING
MONDAY, NOVEMBER 18, 2002 - 10:10 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. Call to Order
ROLL CALL Roll Call
PRESENT: DIRECTORS: HARDISON, STANFORD, CHAGNON, ROCHA,
MADRID
ABSENT: DIRECTORS: NONE
ALSO PRESENT: Also Present
General Counsel Carvalho, Executive Director Cole, City Department Heads, Deputy
Secretary Toscano, Secretary Mendoza.
THE CITY COUNCIL CONVENED JOINTLY WITH THE REDEVELOPMENT AGENCY Cncl/CRA
AT 10:10 P.M., TO CONDUCT THE FOLLOWING: Convene jntly
JOINT CITY/AGENCY IT
CONTINUED JOINT PUBLIC HEARING - on a proposed Disposition and Development
Agreement with SY Development Corporation. Moved Councilwoman/Director joint Pub Hrg
Chagnon, seconded by Councilman/Director Hardison and unanimously carried to Sy Develop.
continue the Joint Public Hearing to the meeting of December 16, 2002. Con't 12/16/02
The CONSENT CALENDAR consisting of items IX -A through IX -D, were approved by
motion of Director Hardison, seconded by Director Stanford and unanimously carried. Consent Cal.
A. Minutes of the regular meeting of November 4, 2002, were approved as written. Approved
B. SPECIAL CALL ITEM.
Min approved
C. Agency Treasurer's Report as of October 31, 2002, was received and filed. Spec Call
D. The following Resolution was adopted and entitled:
Treas Rpt
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF AZUSA
ALLOWING CERTAIN CLAIMS AND DEMANDS TO BE PAID OUT OF Res. 02-1133
REDEVELOPMENT AGENCY FUNDS. Warrants
SPECIAL CALL ITEM
Director Hardison addressed item regarding the appointment of Wells Fargo Bank, N.A., Special Call Items
as Successor Trustee, expressing his appreciation to City Treasurer for saving the City Appt Successor
money with this change. Mayor Madrid requested that the Finance Committee Trustee
participate in these kinds of transactions. Bonds
Moved by Director Hardison, sided by Director Stanford and unanImMly carried Wells Fargo
to approve appointment of WelMrgo Bank, N.S., as Successor Trusteehe City of Successor Trustee
Azusa Redevelopment Agency Bonds and staff was authorized to prepare necessary for CRA Issued
paperwork for the Redevelopment Agency -issued bonds. The Redevelopment Agency- Bonds
issued bonds are as follows:
1. 1992 Single Family Housing Refunding Bonds
2. 1992 Taxable Collateralized Refunding Bonds
3. 1994 Tax Allocation Bonds
4. 1997 Tax Allocation Bonds
It was consensus of the Redevelopment Agency Boardmembers to adjourn. Adjourn
TIME OF ADJOURNMENT: 10:13 P.M.
SECRETARY
NEXT RESOLUTION NO. 02-R34.
NEXT ORDINANCE NO. 02 -ROI I.
11/18/02 PAGE TWO