HomeMy WebLinkAboutRDA Min 1984-01-09
1-9-84
Seal Beach, California
January 9, 1984
The Redevelopment Agency of the City of Seal Beach met
in special session at 6:45 p.m. with Chairman Laszlo
calling the meeting to order with the Salute to the Flag.
ROLL CALL
Present:
Chairman Laszlo
Agency Members Brownell, Grgas, Risner,
Vanderstaay
None .
I
Absent:
Also present: Mr. Parker, Executive Director
Mr. Stepanicich, City Attorney
Mrs. Yeo, Secretary
NOTICE OF SPECIAL MEETING
Chairman Laszlo read the Notice of Special Meeting for
the record as follows:
Frank J. Laszlo, 4480 Candleberry Avenue, Seal Beach
Joyce A. Risner, 845 Driftwood Avenue, Seal Beach
Victor Grgas, 216 - 15th Street, 'Seal Beach
Oscar Brownell, 13261 Southport Lane, l84-F, Seal Beach
Willemke Vanderstaay, 13540 St. Andrews Drive, 4-G,
Seal Beach
NOTICE IS HEREBY GIVEN that Frank J. Laszlo as presiding
officer of the Redevelopment Agency of the City of Seal
Beach hereby calls and gives notice of a special meeting
of the Redevelopment Agency of the City of Seal Beach
to be held. and convened at the hour of 6:45, Monday, I
January 9, 1984 in City Council Chambers, 211 - 8th _
Street, Seal Beach, California, for the purpose of
considering employing a financial consultant and bond
qounsel relating to the issuance of new Mortgage Revenue
Bonds for the Riverbeach Townhomes project and to take
any other measures or actions that may be deemed
necessary relating to this matter.
DATED THIS 3rd day of January, 1984.
(signed)
Frank J. Laszlo, Chairman
Seal Beach Redevelopment Agency
WAIVER OF FULL READING
Brownell moved, second by Vanderstaay, to waive the reading
in full of all resolutions and that consent to the waiver
of reading shall be deemed to be given by all Agency
Members after reading of the title unless specific request
is made at that time for the reading of such resolution.
AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
RESOLUTION NUMBER 84-1 - RESIDENTIAL MORTGAGE REVENUE BONDS -
RIVERBEACH TOWNHOMES
Resolution Number 84-1 was presented to the Agency entitled
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SEAL BEACH EMPLOYING THE INVESTMENT BANKING FIRM OF STONE
& YOUNGBERG, THE FEASIBILITY CONSULTANT FIRM OF EMPIRE
ECONOMICS, AND THE BOND COUNSEL FIRM OF JONES HALL HILL
& WHITE WITH RESPECT TO THE ISSUANCE OF REDEVELOPMENT
AGENCY OF THE CITY OF SEAL BEACH RESIDENTIAL MORTGAGE
I
1-9-84
I
REVENUE BONDS AND AUTHORIZING THE EXECUTION OF AND
APPROVING IMPLEMENTING AGREEMENTS, DOCUMENTS AND ACTIONS."
By unanimous consent, full reading of Resolution Number
84-1 was waived. The Executive Director reported that due
to the lowering of interest rates since the issuance of
mortgage revenue bonds for the Riverbeach Townhomes in
1982, Riverbeach has requested the Agency's approval of
and participation in a new bond issue with a possible
interest rate three points lower than the original issue.
Mr. Parker pointed out that there would be no cost to the
Agency or the City, and no obligation or liability to the
Agency or City should the bonds be defaulted. It was noted
that the bond sale is expected to be completed by mid-
February. Risner moved, second by Brownell, to adopt
Resolution Number 84-1 as presented, and authorize the
Executive Director to execute the implementing agreements
on behalf of the Agency.
AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
ADJOURNMENT
Risner moved,
at 6:53 p.m.
second by Brownell, to adjourn the meeting
AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
I
~.L dJL'-
Chairman
Q..",;nf ~
Se tary I
I