HomeMy WebLinkAboutMinutes - April 9, 1993 - CCCITY OF AZIISA
MINUTES OF THE CITY COUNCIL,
AZIISA PIIBLIC FINANCING AUTHORITY,
_ AND AZIISA PIIBLIC IMPROVEMENT CORPORATION
ADJOURNED REGULAR MEETING
APRIL 9, 1993 - 9:00 A.M.
The _City Council, Azusa Public Financing Authority, and the
Azusa Public Improvement Corporation met in adjourned
regular session at the above date and time in the Civic
Auditorium.
Mayor/Chairman Moses called the meeting to order.
Call to order
ROLL CALL
Roll Call
PRESENT: COUNCII.KEMBERS/DIRECTORS: DANGLEIS, NARANJO,
Garcia
ALEXANDER, MOSES,
comments
ABSENT : COUNCIZ--EMBERS/DIRECTORS: MADRID
ALSO PRESENT
Also Present
Interim City Attorney/Interim General Counsel Garcia, City
Administrator/Executive Director Garcia, Utilities Director
Hsu, Redevelopment Director Steel, Chief of Police Nelson,
Deputy City Clerk/Deputy Secretary Toscano.
Moved by Councilman/Director Alexander, seconded by
Madrid exc
Mayor/Chairman Moses and unanimously* carried by roll call
from mtg"
to excuse Councilwoman/Director Madrid from the meeting.
Alexander
Utilities Director Hsu presented the agreement for the City
Util Dir
to acquire the stock of Azusa Valley Water Company in lieu
comments
of condemnation.
Councilwoman/Director Madrid entered the meeting at 9:05 Madrid entrd
A.M.
mtg
Utilities Director Hsu continued the presentation addressing Util Dir
such issues as, sale of water rights, Azusa Valley Water comments
rights, employees of Azusa Valley Water, the Subscription Azusa Valley
Agreement between Azusa Financing Authority and the Azusa Water
Public Improvement Corporation, the sale of Bonds and Acquisition
requested that the First Interstate Bank of California act
as Escrow Agent and Depositary for the acquisition.
City Attorney/General Counsel Garcia addressed the issue of
Cty Attny/
the Sale of Bonds as well as possible risks the City will be
Gen Cnsl
undertaking if it does not receive bond financing and also
Garcia
the possibility that a third party could make a Tender
comments
Offer.
Discussion ensued between Councilmembers/Directors and Staff
Discussion
regarding concerns third party association, Public Utilities
Commission approval, the structure of the bonds,
jurisdiction, and status of employees of the Azusa Valley
Water Company, their pay levels and benefits.
Councilman/Director Alexander left the meeting at 9:21 A.M.
Alexander
lft mtg
It was consensus of the Council/Directors that
Alexander
Councilman/Director Alexander be excused from the meeting.
excused
Further discussion was held regarding Water Rights and the discussion
provisions involved if there are future sales of the Water
Rights.
Moved by Councilman/Director Dangleis, seconded by Appvd Staff
Councilman/Director Naranjo and unanimously** carried by recommenda-
roll call to approve the following: tion
(1) the Agreement re: Tender Offer and Subscription Tender Offer/
Agreements and authorize the Mayor/Chairman and the City Subscription
Clerk/Secretary to sign the same in their final forms; Agreements
(2) Authorize staff to file Tender Offer documents with File Tender
the Securities and Exchange Commission; Offer
(3) Approve the issuance of bonds subject to the approval Issuance of
of bond documents. bond doc
(4) Approve First Interstate Bank of California as the 1st Inter -
Escrow Agent and Depositary and authorize the Executive state Escrow
Director of the Authority to sign the escrow and depositary Agent
agreements.
Redevelopment Director Steel addressed the issue regarding Dir Steel
the Community Development Block Grant Funds Allocations. He comments
advised that additional federal funds were granted to the CDBG
City in the amount of $161,204 and recommended that $15,000
of the funds ::e allocated to Administration, due to
additional projects that were obtained and that $146,204
be allocated to Fifth Street Improvements.
Discussion was held between Council/Directors and Staff Discussion
regarding possibly reducing the Fifth Street Improvements by
approximatey $40,000 in order to fund some educational
projects.
Moved by Mayor/Chairman Moses, seconded by
Councilman/Director Dangleis to adopt staff recommendation
and to distribute the additional $161,204 by allocating
$15,000 to Administration and $146,204 to Fifth Street
Improvements. Motion failed by the following vote of the
Council/Agency:
AYES:
COUNCILMEMBERS/DIRECTORS:
DANGLEIS, MOSES
NOES:
COUNCILMEMBERS/DIRECTORS:
NARANJO, MADRID
ABSENT:
COUNCILMEMBERS/DIRECTORS:
ALEXANDER
Moved by Councilman/Director Naranjo, seconded by
Councilwoman/Director Madrid and unanimously** carried by
roll call to adopt staff recommendation and distribute the
additional $161,204 by allocating $15,000 to Administration,
$105,903 to Fifth Street Improvements, and $40,301 to
Educational Programs. Staff recommendation included the
approval of the Gang Diversion Job Training Program and the
Playground Improvement/Handicapped Accessibility.
Councilman/Director Naranjo offered a Resolution entitled:
Motion to
appve
(failed)
Motion to
appve as
amended
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA Res. 93-C31
ADOPTING THE STATEMENT OF COMMUNITY DEVELOPMENT OBJECTIVES Stmt of Comm
AND SELECTING PROJECTS FOR FUNDING FOR THE COMMUNITY Dev Obj &
DEVELOPMENT BLOCK GRANT PROGRAM FOR FISCAL YEAR 1993-94. Prjs 93-94
Moved by Councilman/Director Naranjo, seconded by
Councilwoman/Director Madrid to waive further reading and
adopt. Resolution passed and adopted by the following vote
of the Council/Agency:
AYES: COUNCILMEMBERS/DIRECTORS: DANGLEIS, MADRID,
NARANJO, MOSES
NOES: COUNCILMEMBERS/DIRECTORS: NONE
ABSENT: COUNCILMEMBERS/DIRECTORS: ALEXANDER
04/09/93 PAGE TWO
0
Moved by Councilman/Director Naranjo, seconded by Adjourn
Councilman/Director Dangleis and unanimously** carried by
roll call to adjourn.
TIME OF ADJOURNMENT: 9:46 A.M.
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DEPUTY CITY CLERK/SECRETARY
NEXT
RESOLUTION
NO.
(COUNCIL)
93-C32.
NEXT
ORDINANCE
]'O.
(COUNCIL)
92-06.
NEXT
RESOLUTION
''Zd0.
(APFA)
93-P1
NEXT
RESOLUTION
NO.
(NEWCO)
93-N1
* Indicates Madrid absent.
** Indicates Alexander absent.
04/09/93 PAGE THREE