The URL can be used to link to this page

Home My WebLink AboutRDA Min 1978-02-27 2-27-78 . .. ''''1 Seal Beach, California February 27, 1978 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. I ROLL CALL Present: Chairman Laszlo Agency Members Blackman, Gray, Kredell, Weir Absent: None Also present: Mr. Courtemarche, Executive Director Mr. Coughlan, Assistant City Attorney APPROVAL OF MINUTES Blackman moved, second by Weir, to approve the minutes of the regular adjourned meeting of February 13, 1978 as presented. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried RESOLUTION NUMBER 78-3 - AUTHORIZING ISSUANCE OF TAX ALLOCATION BONDS The Executive Director reported that the two proposed resolutions on the agenda dealt with the issuance of $4,000,000 of bonds, and will be used to retire the present promissory notes, issue of 1975, and that the bids for the sale of the bonds would be opened on Monday, March 13th. Mr. Courtemarche reported that a letter had been received from the financial consultant, Miller & Schroeder Municipals, Inc., stating that Covenant 8 of Section 18 regarding disposition of property, had been amended as the Agency had requested. ,I Resolution Number 78-3 was presented to the Agency by title "A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH AUTHORIZING THE ISSUANCE OF TAX ALLOCATION BONDS, ISSUE OF 1978, TO AID IN THE FINANCING OF A PORTION OF THE COST OF A REDEVELOPMENT PROJECT KNOWN AS THE RIVERFRONT REDEVELOPMENT PROJECT AND TO RETIRE PREVIOUSLY ISSUED NOTES." Laszlo moved, second by Kredell, to receive and file the letter from Miller and Schroeder Municipals, Inc. and that this provision be included in the transcript for the issuance of the bonds. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried Blackman moved, second by Weir, to waive further reading and adopt Resolution Number 78-3 as presented. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried I RESOLUTION NUMBER 78-4 - PROVIDING FOR SALE OF TAX ALLOCATION BONDS Resolution Number 78-4 was presented to the Agency by title "A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH PROVIDING FOR THE SALE OF $4,000,000 PRINCIPAL AMOUNT OF TAX ALLOCATION BONDS." Weir moved, second by Blackman, to waive further reading and adopt Resolution Number 78-4 as presented. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried ORAL COMMUNICATIONS Chairman Laszlo declared oral communications open. Gordon Shanks, 215 Surf Place, asked if construction was complete and the contracts fully paid for the library, city yard and police department. The 2-27-78 Executive Director reported that the city yard construction was complete and the contract paid in full, and that the library and police facility were not completed at this time. There were no other oral communications; Chairman Laszlo declared oral communications closed. ADJOURNMENT Blackman moved, second by Gray, to adjourn the meeting to Monday, March 13, 1978 at 7:30 p.m. AYES: NOES: Blackman, Gray, Kredell, Laszlo, Weir None Motion carried I The meeting adjourned at 8:05 p.m. ~a~'/-~F Cha i rman {~~~~h , Secretary I I