HomeMy WebLinkAboutRDA Min 1986-03-24
3-24-86
Seal Beach, California
March 24, 1986
The Redevelopment Agency of the city of Seal Beach met
in regular session at 6:50 p.m. with Chairman Brownell
calling the meeting to order with the Salute to the Flag.
ROLL CALL
present:
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Chairman Brownell
Agency Members Clift, Grgas, Risner, Wilson
Absent: None
Also present: Mr. Joseph, Acting Executive Director
Mr. Stepanicich, City Attorney
Mrs. Yeo, Secretary
WAIVER OF FULL READING
Clift moved, second by Wilson, 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, Clift, Grgas, Risner, Wilson
None Motion carried
RESOLUTION NUMBER 86-3 - AMENDING CEQA GUIDELINES
(RESOLUTION NUMBER 85-3)
Resolution Number 86-3 was presented to the Agency entitled
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SEAL BEACH, CALIFORNIA, AMENDING RESOLUTION NUMBER 85-3 I
AND T~E'CITY'S LOCAL CEQA GUIDELINES." By unanimous consent,
full reading of Resolution Number 86-3 was waived. Risner
moved, second by Grgas, to adopt Resolution Number 86-3
as pre'sented.
AYES:
NOES:
. -'Brownell, Clift, Grgas, Risner, Wilson
None Motion carried
REPORT - EXTENSION - SURFS IDE REVETMENT PAYMENT
The Acting Executive Director reported Surfside Colony
has requested an extension of the final amount due, $31,911,
for the revetment loan repayment. He stated that Surfside
will pay the interest on a monthly basis to compensate the
Agency for any loss of interest earnings. Agency Member
Risner stated it is her understanding that the Colony has
funds available from the sale of certain lots, suggesting
that the colony should then pay the balance due, and requested
a copy of the original loan document for review. Mr. Joseph
stated it was his understanding that the colony would be
responsible for their share of the revetment cost, however
that amount would be reduced by the tax increment from
the project. Grgas moved, second by Clift, to approve
an extension of the payment to January 15, 1987 subject
to the payment of $4152 interest in nine monthly installments I
of $461.33 commencing April 15, 1986, and that the City
Attorney be directed to prepare an appropriate amendment
to the Agreement, the Acting Executive Director authorized
to execute the Agreement on behalf of the Agency.
AYES:
NOES:
Brownell, Clift, Grgas, Risner, wilson
None Motion carried
3-24-86
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BUDGET AMENDMENT - LOAN REPAYMENT
The Acting Executive Director reported the Agency has received
revenues in excess of budget projections, making it possible
for the Agency to make a loan repayment to the General
Fund in the amount of $153,270. Wilson moved, second by
Grgas, to appropriate $153,270 from the Redevelopment Agency
fund balance for a loan repayment to the General Fund,
bringing that account current.
AYES:
NOES:
Brownell, Clift, Grgas, Risner, Wilson
None Motion carried
ORAL COMMUNICATIONS
There were no Oral Communications.
ADJOURNMENT
Risner moved,
at 6:57 p.m.
second by Wilson, to adjourn the meeting
AYES:
NOES:
Brownell, Clift, Grgas, Risner, Wilson
None Motion carried
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