HomeMy WebLinkAboutRDA Min 1977-07-25
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Seal Beach, California
July 29, 1977
The Redevelopment Agency of the ,City of Seal Beach met in regular
session at 7:45 p.m. with Chairman Laszlo calling the meeting to
order with the Salute to the Flag.
ROLL CALL
Present:
Chairman Laszlo
Agency Members ,Blackman, Gray, Kredell, Wei,r
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Absent: None
Also present: Mr. Courtemarche, Executive Director-Secretary
Mr. Coughlan, Assistant City Attorney
Mr. Strausz, Deputy City Attorney
APPROVAL OF MINUTES
Blackman moved, second by Weir" to approve the minutes ,of the regular
meeting of June 27. 1977 and the minutes of the regular adjourned
meeting of July 11, 1977 as presented.
AYES:
NOES:
Blackman, Gray, Kredell, Laszlo, Weir
None Motion carried
AGENCY REORGANIZATION
Gray moved, second by Weir, to retain Mr. Laszlo as Chairman of the
Redevelopment Agency and Mr. Blackman as Vice-Chairman of the
Redevelopment Agency for the upcoming year.
AYES:
NOES:
Blackman, Gray, Kredell, Laszlo, Weir
None Motion carried
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DISCUSSION'-'REFINANCING - REDEVELOPMENT AGENCY TAX ALLOCATION NOTES
The ExecutIve Director reported that Redevelopment Agency tax
allocation notes sold in September 1975 were required to be refinanced
by September 1978 and stated it would be advisable to refinance the
notes into bonds at this time due to current market conditions. Mr.
Courtemarche recommended that the Agency authorize refinancIng the notes
into bonds at this time and that the Agency retain the firm of Richards,
Watson, Dreyfuss & Gershon to serve as the bond counsel for the Agency.
Mr. Courtemarche explained that there would be further actions required
by the Agency in succeeding meetings to accomplish the refinancing of
the notes.
Blackman moved, second by Gray, that the Agency direct the Executive
Director and financIal consultant, Miller and Schroeder, to proceed
with steps necessary to refund the outstanding notes, and to employ
the services of Richards, Watson, Dreyfuss & Gershon to act as the
city's special legal counsel and bond counsel for the refinancing
of said notes. At the request of the Agency the City Attorney
explained the fee schedule as proposed'in their letter dated July
25, 1977.
AYES:
NOES:
Blackman, Gray, Kredell, Laszlo, Weir
None Motion carried
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ORAL COMMUNICATIONS
Chairman Laszlo declared oral communications open. Councilman
Kredell asked if an opinion had been received from the City Attorney
regarding relocation or replacement of cabanas in the trailer park
that do not have a building permit. The Executive Director stated
that he was in receipt of the letter from the City Attorney regardIng
this matter and that the letter would be provided to the Agency members.
Lew Bennett, 403 Ocean Avenue, spoke regarding the City Attorney firm
as special legal and bond counsel for t~e refinancing of the notes.
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There were no other oral communications; Chairman Laszlo declared oral
communications closed.
Blackman moved, second by Weir, to adjourn to the joint public hearing
with the City Council.
AYES:
NOES:
Blackman, Gray, Kredell, Laszlo, Weir
None Mot I on ca rr i ed
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REDEVELOPMENT AGENCY MEETING RECONVENES
The Redevelopment Agency, meeting reconvened at 8:05 p.m. with Chairman
Laszlo calling the meeting to order for a joInt public hearing with
the City Council and deferred the conduct of the meeting to Mayor
Blackman.
JOINT PUBLIC HEARING - PURCHASE and SALE OF REAL PROPERTY WITHIN THE
REDEVELOPMENT PROJECT'AREA
Mayor Blackman and Chairman Laszlo declared the joint public hearing
between the City Council and the Redevelopment Agency open to consider
a proposed agreement between the Redevelopment Agency and Seal Beach
Associates for the purchase and sale of real property within the
Redevelopment Project Area. The City Clerk certified that 'notices had
been published as required by law and that no communications either
for or against the matter had been received.
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The City Manager's report dated July 19, 1977 presented an overview
of the procedures required by law to accomplish the sale of the 2.4
acres of land for the redevelopment of the Seal Beach Trailer Park
and recommended that the City Council and the Redevelopment Agency
adopt the appropriate resolutions and approve the agreement with Seal
Beach AssocIates. The City Attorney stated that the purpose for the
joint public hearing was to give the CIty Council and the Redevelopment
Agency an opportunIty to receive public input regarding this
matter. The City Attorney stated that four parcels of property
were 'included in the proposed sale, that the square footage price
was based upon settlement of litigation for parcel "C" obtained
from the Los Angeles Department of Water and Power and that the
sale price was not less than the fair market value for the property.
The City Attorney further stated that the Agency has the authority to
sell the property at less than the fair market value if they choose
to do:so. The Council and Agency discussed various points of the
Purchase and Sale Agreement for clarification. There were no oral
or written communications for or against the matter.
Mayor Blackman
City Counc i 1 .
c J osed for the
declared the'joint public hearing closed for the
Chairman Laszlo declared the joint public hearing
Redevelopment Agency.
RESOLUTION NUMBER 2680 - APPROVING AGREEMENT - PURCHASE and SALE
OF REAl PROPERTY'
ResolutIon Number 2680 was presented to Council by title "A
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL BEACH APPROVING
AN AGREEMENT FOR THE PURCHASE AND SALE OF REAL PROPERTY." By
unanimous consent, full reading of Resolution Number 2680 was waived.
Weir moved, second by Gray, to approve Resolution Number 2680 as
presented.
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AYES:
NOES:
Blackman, Gray, Laszlo, Weir
Krede 11
Motion carried
RESOLUTION NUMBER 77-7 - APPROVING AGREEMENT - PURCHASE and SALE
OF REAl 'PROPERTY
Resolution Number 77-7 was presented to the Agency by title "A
RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH
APPROVING AN AGREEMENT FOR THE PURCHASE AND SALE OF REAL PROPERTY."
Gray moved, seocnd by Weir, to waive further reading and adopt
Resolution Number 77-7 as presented.
AYES:
NOES:
Blackman, Gray, Laszlo, Weir
Krede 11
Motion carried
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ADJOURNMENT - REDEVELOPMENT AGENCY
Blackman moved, second by Weir, to adjourn the Redevelopment Agency
meeting to Monday, August 8, 1977, at 7:45 p.m.
AYES:
NOES:
Blackman, Gray, Kredell, Laszlo, Weir
None Mot i on carried
The Redevelopment Agency meeting adjourned at 8:18 p.m.
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Cha i rman
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Executive Director - Secretary
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