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HomeMy WebLinkAboutRDA Min 1978-02-13 2-13-78 " ~ - Seal Beach, California February 13, 1978 The Redevelopment Agency of the City of Seal Beach met in regular adjourned'session at 7:30 p.m. with Chairman Laszlo calling the meeting to order with the Salute to the Flag. I ROLL CALL Present: Chairman Laszlo Agency Members Blackman, Gray, Kredel1, Weir Absent: None Also present: Mr. Cou~temarche, Executive Director Mr. Coughlan, Assistant City Attorney Mr. Hunt, Deputy City Attorney Mr. Strausz, Deputy City Attorney APPROVAL 'OF MINUTES Blackman moved, second by Weir, to approve the minutes of the regular meeting of January 23, 1978 and the regular adjourned meeting of January 30, 1978 as presented. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir' None Motion carried I' RESOLUTION 'NUMBER 78-2 - APPOINTING TREASURER OF THE AGENCY Resolution Number 78-2 was presented to the Agency by title "A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH APPOINTING THE DIRECTOR OF FINANCE OF THE CITY OF SEAL BEACH AS TREASURER OF THE AGENCY." The Executive Director clarified that a Treasurer of the Agency must be appointed to conform to State law and recommended the appointment of the Finance Director.. Blackman moved, second by Gray, to waive further reading and adopt Resolution Number 78-2 as presented. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried PROPOSED-RESOlUTIONS -'TAX ALLOCATION BONDS Mr. Hunt and Mr. Strausz, Bond Counsel for the Agency in this matter, explained the two resolutions relating to the tax allocation bonds to the Agency and responded to questions from the Agency members. Mr. McCann, Financial Consultant, responded to technical questions relating to the bonds and the retirement of the previously issued notes and asked for direction from the Agency as to the principal amount. Gray moved, second by Blackman, to adjourn the Redevelopment Agency meeting until after the City Council meeting. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Mot ion carri ed The Redevelopment Agency meeting adjourned at 8:15 p.m. The Redevelopment Agency reconvened at 9:55 p.m. with Chairman Laszlo calling the meeting to order. ~ ,I' PROPOSED RESOLUTIONS - TAX ALLOCATION BONDS - continued Further discussion continued on the matter. Members of the audience were heard on the matter. Gray moved, second by Laszlo, to authorize staff, bond counsel and the financial consultant to proce~d with the necessary documents for the sale of the bonds and that the principal amount of the bonds be $4,000,000.00. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried , 2-13-78 ORAL COMMUNICATIONS There were no oral communications. ADJOURNMENT Blackman moved, second by Laszlo, to adjourn the meeting at 10:52 p.m. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried I - ~..(',-.L ~_~ Cha i rman C2dffR/'l.J ~ retary I I