HomeMy WebLinkAboutRDA Min 1972-06-26
6-26-72
201
June 26, 1972
The Redevelopment Agency of the City of Seal Beach met in
regular session at 7:30 p.m. with Chairman Blackman calling
the meeting to order with the Salute to the Flag.
ROLL CALL
Present:
Chairman Blackman
Directors Barnes, Holden, Smith
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Absent:
Also present:
Director Sales
Executive Director Courtemarche
Assistant City Attorney Winfield
APPROVAL OF MINUTES
Holden moved, second by Smith to approve the minutes of
May 22, 1972 as presented.
AYES:
NOES:
ABSENT:
Barnes, Blackman, Holden, Smith
None
Sales Motion carried
APPROVAL OF DEMAND
Smith moved, second by Barnes to approve the demand numbered
7-8699-27 in the amount of $3,715.27.
AYES:
NOES:
ABSENT:
Barnes, Blackman, Holden, Smith
None
Sales Motion carried
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RESOLUTION NUMBER 72-4 - AGENCY CASH AND INVESTMENTS
Resolution Number 72-4 was presented to the Agency by title "A
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH
AUTHORIZING THE CITY TREASURER TO TAKE CUSTODY OF ALL CASH AND
INVESTMENTS BELONGING TO THE REDEVELOPMENT AGENCY; AUTHORIZING
SUCH CASH AND INVESTMENTS BE TRANSFERRED TO AND COMINGLED WITH
CASH AND INVESTMENTS HELD IN THE NAME OF THE CITY OF SEAL BEACH;
DIRECTING THAT SUCH TRANSFER BE MADE AT A TIME WHEN THE REDEVELOPMENT
AGENCY WILL SUFFER NO LOSS OF INTEREST." Holden moved, second by
Barnes to adopt Resolution Number 72-4 as presented.
AYES:
NOES:
ABSENT:
Barnes, Blackman, Holden, Smith
None
Sales Motion carried
REPORT - P. E. RIGHT-OF-WAY PURCHASE PLAN
Barnes moved, second by Smith to approve the purchase plan for
the P. E. Right of Way as submitted by the Executive Director
and authorized the Executive Director and the City Attorney to
proceed with acquisition of the P. E. Right of Way as designated
in the plan.
AYES: Barnes, Blackman, Holden, Smi th
NOES: None
ABSENT: Sales Motion carried
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AYES: Barnes, Blackman, Holden, Smith
NOES: None
ABSENT: Sales Motion carried
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202
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REDEVELOPMENT AGENCY BUDGET EXPENDITURES - 1972/73
Expenditures
Payment to Seal Beach Elementary School District
Acquisition - First Installment - P.E. R/Way*
Legal Costs
TOTAL EXPENDITURES
ESTIMATED UNEMCUMBERED BALANCE 6-30-73
$ 27,500
136,932
5,000
169,432
61,276
TOTAL EXPENDITURES AND FUND BALANCE $ 230,708
ORAL COMMUNICATIONS
There were no oral communications from the audience.
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ADJOURNMENT
Barnes moved, second by Smith to adjourn the meeting at 7:45 p.m.
AYES:
NOES:
ABSENT:
Barnes, Blackm~n, Holden, Smith
None
Sales Motion carried
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Chairman
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Execut ve Director-Secretary
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