HomeMy WebLinkAboutRDA Min 1986-09-08
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9-8-86
Seal Beach, California
September 8, 1986
The Redevelopment Agency of the City of Seal Beach met
in special session at 6:45 p.m. with Chairman wilson calling
the meeting to order with the Salute to the Flag.
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ROLL CALL
Present:
Chairman Wilson
Agency Members Clift, Hunt, Risner
Absent:
Agency Member Grgas
Mr. Grgas arrived at 6:51 p. m.
Also present: Mr. Nelson, Executive Director
Mr. Strausz, Assistant City Attorney
Mr. Thomas, Finance Director
Mrs. Yeo, Secretary
Chairman wilson read the Notice of Special Meeting as follows:
"NOTICE IS HEREBY GIVEN that Edna Wilson 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 p.m., Monday,
September 8, 1986 in City Council Chambers, 211 - 8th
Street, Seal Beach, California, for the purpose of
considering
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Authorization for the issuance and providing for the
sale of tax allocation bonds of the Redevelopment
Agency of the City of Seal Beach
and to take any other measures or actions that may be
deemed necessary relating to this matter.
DATED THIS 3rd day of September, 1986.
(signed)
Edna Wilson, Chairman
Seal Beach Redevelopment Agency"
WAIVER OF FULL READING
Clift moved, second by Risner, 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:
ABSENT:
Clift, Hunt, Risner, Wilson
None
Grgas
Motion carried
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ISSUANCE OF TAX ALLOCATION BONDS
The Finance Director presented the staff report, reviewing
the documents presented for the Agency's consideration
relating to the issuance and sale of Redevelopment Agency
Tax Allocation Bonds, Issue of 1986, in the amount of
$2,000,000. Mr. Thomas explained that the sale of the
bonds was postponed due to the number of municipal bonds
sc~eduled for sale during the month of August, also to
permit the Orange County Auditor-Controller the opportunity
to provide final assessed valuations for fiscal year 1986-
1987, the delay of the sale expected to be to the benefit
of the Agency. He reported that bids will be received
for the bonds on September 22nd with the proceeds from
9-8-86
the sale expected to be received on October 6th. Mr. Thomas
clarified that the documents before the Agency supercede
and repeal the bond issue documents adopted by the Agency
on July 28th.
Agency Member Grgas arrived at the meeting at 6:51 p.m.
RESOLUTION NUMBER 86-11 - AUTHORIZING ISSUANCE -
TAX ALLOCATION BONDS I
Resolution Number 86-11 was presented to the Agency entitled 'I
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SEAL BEACH.AUTHORIZING THE ISSUANCE OF TAX ALLOCATION BONDS
OF THE AGENCY TO AID IN THE FINANCING OF A PORTION OF THE
COST OF A REDEVELOPMENT PROJECT AND RANKING ON A PARITY
WITH BONDS PREVIOUSLY ISSUED BY THE AGENCY." By unanimous
consent, full reading of Resolution Number 86-11 was waived.
Risner moved, second by Clift, to adopt Resolution Number
86-11 as presented.
AYES:
NOES:
Clift, Grgas, Hunt, Risner, Wilson
None Motion carried
RESOLUTION NUMBER 86-12 - DETERMINING PRINCIPAL AMOUNT -
TAX ALLOCATION BONDS
Resolution Number 86-12 was presented to the Agency entitled
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SEAL BEACH DETERMINING TO ISSUE A CERTAIN PRINCIPAL AMOUNT
OF TAX ALLOCATION BONDS OF THE AGENCY AND PROVIDING FOR
CERTAIN DETAILS OF THE BONDS." By unanimous consent, full
reading of Resolution Number 86-12 was waived. Clift moved,
second by Risner, to adopt Resolution Number 86-12 as presented.
AYES:
NOES:
Clift, Grgas, Hunt, Risner, Wilson
None Motion carried
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RESOLUTION NUMBER 86-13 - PROVIDING FOR SALE -
TAX ALLOCATION BONDS - ISSUE OF 1986
Resolution Number 86-13 was presented to the Agency entitled
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SEAL BEACH PROVIDING FOR THE SALE OF TAX ALLOCATION BONDS,
ISSUE OF 1986, OF THE AGENCY." By unanimous consent, full
reading of Resolution Number 86-13 was waived. Clift moved,
second by Risner, to adopt Resolution Number 86-13 as presented.
AYES:
NOES:
Clift, Grgas, Hunt, Risner, Wilson
None Motion carried
RESOLUTION NUMBER 86-14 - FURTHER ACTIONS - BOND ACQUISITION
Resolution Number 86-14 was presented to the Agency entitled
"A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
SEAL BEACH TAKING FURTHER ACTIONS IN CONNECTION WITH THE
ISSUANCE OF BONDS BY THE AGENCY." By unanimous consent,
full reading of Resolution Number 86-14 was waived. Risner
moved, second by Clift, to adopt Resolution Number 86-14
as presented.
AYES:
NOES:
Clift, Grgas, Hunt, Risner, Wilson
None Motion carried
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ORAL COMMUNICATIONS
There were no Oral Communications.
ADJOURNMENT
Wilson moved,
6:56 p.m.
second by Clift, to adjourn the meeting at
AYES:
NOES:
Clift, Grgas, Hunt, Risner, Wilson
None Motion carried
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9-8-86
Gd-J~
Chairman