HomeMy WebLinkAboutRDA Min 1984-01-23
1-23-84
Seal Beach, California
January 23, 1984
The Redevelopment Agency of the City of Seal Beach met
in regular 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
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Absent:
None
Also present: Mr. Parker, Executive Director
Mr. Stepanicich, City Attorney
Mrs. Yeo, Secretary
WAIVER OF READING
It was the order of the Chair with consent of the Agency
to take no action on the waiver of full reading since there
were no resolutions on the agenda for consideration.
APPROVAL OF MINUTES
Brownell moved, second by Risner, to approve the minutes
of the reg~lar meeting of November 28, 1983. Agency Member
Grgas stated he would abstain as he was absent from that
meeting.
AYES:
NOES:
ABSTAIN:
Brownell, Laszlo, Risner, Vanderstaay
None
Grgas Motion carried
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Risner moved, second by Vanderstaay, to approve the minutes
of the special meeting of January 9, 1984.
AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
ORAL COMMUNICATIONS
Chairman Laszlo declared oral communications open. Agency
Member Brownell requested an update of the financial status
of the Redevelopment Agency. The Executive Director reported
that Riverbeach has begun to pay the tax increment to the
Agency, originally estimated at $100,000, that amount now
revised to $157,000, and that the first installment of
that payment, $79,000, has been received, the second
installment due in April. The Executive Director reported
current estimates show that Agency revenues will exceed
expenditures by at least $150,000 for the fiscal year,
therefore it is anticipated the Agency will be able to
make some repayment to the City's General Fund by the end
of this year. With regard to Surfs ide Colony, Mr. Parker
reported that $125,000 is due to be repaid in three annual
installments with the first payment due in January, noting
that a bill has been forwarded to Surfs ide for $39,000, I
which reflects a reduction for any tax increment that the
Agency has collected. The City Attorney clarified that
the Surfside debt is secured to the Agency by a Deed of
Trust from the Homeowners' Associat.ion. With regard to
the Riverbeach condominiums, the Executive Director reported
further that permits have been issued for approximately
two-thirds of the units and that approximately nine have
been sold, noting that it is hopeful all units will be
built and sold by year end. There were no other oral
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communications; Chairman Laszlo declared oral communications
closed.
ADJOURNMENT
Risner moved, second by Vanderstaay, to adjourn to February
13, 1984 at 6:45 p.m.
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AYES:
NOES:
Brownell, Grgas, Laszlo, Risner, Vanderstaay
None Motion carried
The meeting adjourned at 6:55 p.m.
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Chairman
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Sec ary
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