Loading...
HomeMy WebLinkAboutRDA Min 1979-01-22 I I I 1-22-79~;'3 't.... I Seal Beach, California January 22, 1979 The Redevelopment Agency of the City of Seal Beach met in regular session at 6:45 p.m. with Chairman Weir calling the meeting to order with the Salute to the Flag. ROLL CALL Present: Chairman Weir Agency Members Gray, Kredell, Laszlo, Seitz Absent: None Also present: Mr. Courtemarche, Executive Director Mr. Coughlan, City Attorney APPROVAL OF MINUTES Laszlo moved, second by KredeH, to approve the minutes of the regular meeting of November 27, 1978 as presented. AYES: NOES: Gray, Kredell, Laszlo, Seitz, Weir None Motion carried LOW MORTGAGE INTEREST RATES Mr. Courtemarche, Executive Director, presented a report regarding the potential use of SB 99 to sell bonds to provide lower mortgage interest rates to eventual purchasers of condominiums in the redeveloped Trailer Park. Mr. Courtemarche reported that the loans could be structured as low as 8 - 8i percent, resulting In lower monthly payments for home buyers and opening the market to more people. Mr. Courtemarche further reported there was no financial obligation on the part of the Redevelopment Agency or the City and that the surplus funds generated by the sale of the bonds may be used in any legal manner by the Agency. RESOLUTION NUMBER 79-1 - CONTRACT - PAINE WEBBER, JACKSON & CURTIS - IMPLEMENTATION OF SB 99 RESIDENTIAL CONSTRUCTION PROGRAM Resolution Number 79-1 was presented to the Agency by title "A RESOLUTION OF INTENT OF THE REDEVELOPMENT AGENCY OF THE CITY OF SEAL BEACH TO CONTRACT WITH PAINE WEBBER, JACKSON & CURTIS, INCORPORATED TO IMPLEMENT AN SB 99 RESIDENTIAL CONSTRUCTION PROGRAM IN THE CITY OF SEAL BEACH, CALIFORNIA." Mr. Courtemarche clarified that the resolution proposed to the Agency authorized the consultant, Paine Webber, Jackson & Curtis, Incorporated, to research and prepare documents toward the eventual sale of the bonds, and further that the resolution did not commit the Agency to sell bonds nor would there be any cost to the Agency for the research, preparation of documents or eventual sale of the bonds. Gray moved, second by Weir, to waive further reading and adopt Resolution Number 79-1 as presented. Discussion continued regarding Coastal Commission requirements for low and moderate income housing and the criteria to qualify for a low interest loan. Councilman Seitz indicated he wished more information before authorizing the research for the program. AYES: NOES: Gray, Laszlo, Weir Kredell, Seitz Motion carried EXECUTIVE LEGAL SESSION At the request of the Executive Director, it was the order of the Chair with consent of the Council to adjourn the meeting to an Executive Legal Session at 7:12 p.m. . The Agency reconvened at 7:24 p.m. with the Chairman calling the meeting to order and reporting that the Agency had discussed legal matters. Kredell moved, second by Weir, to adjourn the meeting until the City Council meeting had been called to order, to continue the oral 1-22-79 . " Gl~,Il u.'::'2 communications portion of the Agency meeting. AYES: NOES: ABSENT: Kredell, Laszlo, Seitz, Weir None Gray Motion carried Agency member, Mr. Gray, had not returned to the Council Chambers at the time of the vote to adjourn. The meeting adjourned at 7:25 p.m. and was reconvened at 7:26 p.m. with the Chairman calling the meeting to order. ORAL COMMUNICATIONS Chairman Weir declared oral communications open from the audience. Mr. Philip Putman, Attorney, stated he had been retained by twenty Trailer Park residents to represent their interests in the Park. Mr. Putman stated his clients had certain concerns regarding the redevelopment of the Trailer Park and suggested these complaints be discussed and dealt with.at the earliest possible time. The Executive Director suggested that he could establish a meeting with Mr. Putman to discuss the concerns of those Trailer Park residents and reach agreement for their solution. Steve Gunther, Riverbeach Associates, stated he was not aware of the problems presented by Mr. Putman. Mr. Gunther reviewed the progress of the Trailer Park redevelopment and the construction problems that have been dealt with to date, noting the project Is presently behind schedule due to unforeseen problems and weather conditions. Lengthy discussion followed with the Executive Director and Mr. Gunther responding to questions posed by the Agency. Members of the audience also addressed the Agency regarding the Trailer Park redevelopment. It was the consensus of the Agency to direct the Executive Director to meet with Mr. Putman and Mr. Gunther to discuss the concerns of the Trailer Park residents and that a report of that meeting be presented to the Agency. ADJOURNMENT Kredell moved, second by Weir, to adjourn the meeting at 8:24 p.m. AYES: NOES: Gray, Kredell, Laszlo, Seitz, Weir None Motion carried g~Q. ;V-'~ airman .,. I I I .