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HomeMy WebLinkAboutRDA Min 1991-04-22 3-25-91/4-22-91 1- TAX INCREMENT REVENUES - 1971 - 1990 The Acting Executive Director stated the March 25th memorandum from the Director of Development Services provides a summary of tax increment revenues collected by the Riverfront Redevelopment Project Area from 1971 to 1990 as an information item for the Agency and recommended that the report be received and filed. Members of the Agency spoke briefly of their analysis of the revenues, percentage increases, and question was raised as to what caused certain increases or decreases for a fiscal year, with specific reference to 1973, 1975, 1977 and 1978, as well as the overall increase during the period of the Project Area. It was the consensus of the Agency to receive and file the report. ORAL COMMUNICATIONS There were no Oral Communications. ADJOURNMENT It was the order of the Chair, with consent of the Agency, to adjourn the meeting at 7:10 p.m. ~~ ~ ),AA>+/J. "Ch 1rman I~ Sec Seal Beach, California April 22, 1991 The Redevelopment Agency of the City of Seal Beach met in regular session at 6:47 p.m. with Chairman Forsythe calling the meeting to order with the Salute to the Flag. ROLL CALL Present: Chairman Forsythe Agencymembers Hastings, Hunt, Laszlo Absent: Agencymember Wilson Laszlo moved, second by Forsythe, to excuse the absence of Agencymember Wilson from this meeting. I~ AYES: NOES: ABSENT: Forsythe, Hastings, Hunt, Laszlo None Wilson Motion carried Also present: Mr. Archibold, Acting Executive Director Mr. Colantuono, Assistant City Attorney Mr. Whittenberg, Director of Development Services Mrs. Yeo, Secretary STATUS REPORT - AGENCY REOUESTS The Development Services Director presented an update regarding requests of the Agency relating to: 1) history of approval process for the Trailer Park and summary of the 4-22-91 conditions of approval; 2) reformation of the Project Area Committee for Trailer Park audit purposes; 3) ability of City or Agency to require the preparation of a recorded lease-line site survey of the Trailer Park; and 4) advantages/ disadvantages of the Department of Water and Power property remaining in the Riverfront Redevelopment Agency Project Area. The Director stated it is presently an~icipated that r~ports on the first two issues may be presented to the Agency by the next meeting. It was the consensus of the Agency to receive and file the report. APPROVAL OF MINUTES Hastings moved, second by Laszlo, to approve the minutes of the regular meeting of January 28, 1991. AYES: NOES: ABSENT: Forsythe, Hastings, Hunt, Laszlo None Wilson Motion carried Hastings moved, second by Laszlo, to approve the minutes of the regular meeting of February 25, 1991. AYES: NOES: ABSENT: Forsythe, Hastings, Hunt, Laszlo None Wilson Motion carried Hastings moved, second by Laszlo, to approve the minutes of the regular meeting of March 25, 1991. AYES: NOES: ABSENT: Forsythe, Hastings, Hunt, Laszlo None Wilson Motion carried ORAL COMMUNICATIONS Chairman Forsythe declared Oral Communications open. Mr. Gordon Shanks, 215 Surf Place, referred to a recent financial analysis prepared by a Mr. Corin in which it was stated that twenty percent of the tax increment to the Agency must be held in a separate fund for low income housing, and inquired if there is a penalty for not doing so and if 1988 legislation requires that those funds be used within a specific period of time or they will revert to the County for low/moderate income housing use. The Assistant City Attorney responded that he was not certain of the penalty for noncompliance with the twenty percent set aside, and it seems plausible that those monies could revert to the County for such programs. He explained that the twenty percent set aside has a number of technical exceptions and it was his understanding that this Redevelopment Agency has not been obliged to meet the twenty percent because it has been able to make certain findings that more than eighty percent of its monies have been necessary to service the existing bonded indebtedness of the Agency. He offered his opinion that the law is becoming increasingly strict and over time the Agency may find it necessary to devote larger sums of money to low income housing projects than it has been required to do in the past, and noted some cities have transferred their set aside monies to other cities for such projects, which was felt to be an effective means of meeting the affordable housing requirements. Mr. Colantuono offered to review the State statute regarding the twenty percent set aside for the Agency. Chairman Forsythe requested a copy of the statute. Members of the Agency noted that the courts are now looking at whether it is appropriate for one city to transfer their set aside to another city, the contention being that such action could increase the percentage of affordable housing, another issue being the impact of one I I I 4-22-91/5-28-91 community on the infrastructure of another in developing such projects. There being no further comments, Chairman Forsythe declared Oral Communications closed. ADJOURNMENT It was the order of the Chair, with consent of the Agency, to adjourn the meeting at 6:56 p.m. I d,~-/ ~~a:, 1rman ~(a Se ary f Seal Beach, California May 28, 1991 The Redevelopment Agency of the city of Seal Beach met in regular session at 6:52 p.m. with Chairman Forsythe calling the meeting to order with the Salute to the Flag. ROLL CALL Present: Chairman Forsythe Agencymembers Hastings, Hunt, LaSZlo, Wilson I Absent: None Also present: Mr. Archibold, Acting Executive Director Mr. Barrow, Assistant City Attorney Mrs. Yeo, Secretary WAIVER OF FULL READING Wilson moved, second by Hastings, 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 Agencymembers after reading of the title unless specific request is made at that time for the reading of such resolution. AYES: NOES: Forsythe, Hastings, Hunt, Laszlo, Wilson None Motion carried AGENCY REORGANIZATION Selection of Chairman Aqencymember Laszlo nominated Marilyn Hastings as Chairman. Laszlo moved, second by Forsythe, to close nominations. AYES: NOES: Forsythe, Hastings, Hunt, Laszlo, Wilson None Motion carried I Mrs. Hastings was declared Chairman of the Redevelopment Agency for 1991/92. Selection of Vice-Chairman Agencymembers Hunt and Wilson declined nomination. Agencymember Wilson nominated Gwen Forsythe as Vice- Chairman. Wilson moved, second by Laszlo, to close nominations. AYES: NOES: Forsythe, Hastings, Hunt, Laszlo, Wilson None Motion carried