HomeMy WebLinkAboutRDA Min 1993-05-10
4-26-93 / 5-10-93
It was the order of the Chair, with consent of the Agency, to
adjourn the meeting at 6:51 p.m.
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Seal Beach, California
May 10, 1993
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The Redevelopment Agency of the City of Seal Beach met in
regular adjourned 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
Agencymembers Brown, Doane, Forsythe, Hastings
Absent:
None
I
Also present: Mr. Barrow, City Attorney
Mr. Whittenberg, Director of Development
Services
Mrs. Yeo, Secretary
WAIVER OF FULL READING
Brown moved, second by Forsythe, to waiver 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:
Brown, Doane, Forsythe, Hastings, Laszlo
None Motion carried
I
TAX INCREMENT TRANSFER - EDUCATIONAL REVENUE AUGMENTATION FUND
The Director of Development Services presented the staff
report, noted that the State 1992/93 fiscal year budget
required Redevelopment Agencies to transfer approximately
sixteen percent of their tax increment to the Educational
Revenue Augmentation Fund, and as is the case in Seal Beach,
the Budget Act requires the payment of said monies by the city
when the debt service of the Agency does not allow said
payment by the Agency. He explained that the Agency will
incur a principal debt to the City of $128,791.59, the amount
of the transfer, will be subject to an established interest
rate, the pay-baCk of same to be reflected in the
Redevelopment Agency 1993/94 fiscal year budget. Brown moved,
second by Doane, to approve a request and acceptance of a loan
from the city in the amount of $128,791.59 to be transmitted
to the Educational Revenue Augmentation Fund.
AYES:
NOES:
Brown, Doane, Forsythe, Hastings, Laszlo
None Motion carried
5-10-93 / 5-24-93
ORAL COMMUNICATIONS
There were no Oral Communications.
CLOSED SESSION
No Closed Session was held.
ADJOURNMENT I
It was the order of the Chair, with consent of the Agency, to .
adjourn the meeting at 6:50 p.m.
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Chairman
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Seal Beach, California
May 24, 1993
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The Redevelopment Agency of the City of Seal Beach met in
regular session at 6:45 p.m. with Vice Chairman Brown calling
the meeting to order with the Salute to the Flag.
ROLL CALL
Present:
Vice Chairman Brown
Agencymembers Doane, Forsythe, Hastings
I
Absent: Chairman Laszlo
Also present: Mr. Bankston, Executive Director
Mr. Barrow, city Attorney
Mrs. Yeo, city Clerk
WAIVER OF FULL READING
Doane moved, second by Forsythe, 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:
ABSENT:
Brown, Doane, Forsythe, Hastings
None
Laszlo Motion carried
AGENCY REORGANIZATION
Selection of Chairman I
Agencymember Brown nominated Mr. Laszlo to continue as
Chairman for the upcoming year, and moved that nominations be
closed. Agencymember Doane seconded the motion.
AYES:
NOES:
ABSENT:
Brown, Doane, Forsythe, Hastings
None
Laszlo Motion carried
Mr. Laszlo was unanimously declared Chairman of the
Redevelopment Agency for 1993/1994.