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HomeMy WebLinkAboutRDA Min 1998-05-26 4-27-98 / 5-26-98 APPROVAL OF AGENDA Hastings moved, second by Brown, to approve the order of the agenda as presented. AYES: NOES: Brown, Campbell, Forsythe, Fulton, Hastings None Motion carried I WAIVER OF FULL READING Hastings moved, second by Fulton, 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: Brown, Campbell, Forsythe, Fulton, Hastings None Motion carried ORAL COMMUNICATIONS There were no Oral Communications. ADJOURNMENT The meeting was adjourned by unanimous consent of the Agency at 6:51 p.m. --PIlliJ,' ~ ~ 44, Chairman I Seal Beach, California May 26, 1998 The Redevelopment Agency of the City of Seal Beach met in regular session at 6:48 p.m. with Chairman Campbell calling the meeting to order with the Salute to the Flag. ROLL CALL Present: Chairman Campbell Agencymembers Boyd, Brown, Doane, Yost I Absent: None Also present: Mr. Till, Executive Director Mr. Barrow, City Attorney Mr. Whittenberg, Director of Development Services Mrs. Yeo, City Clerk/Secretary 5-26-98 APPROVAL OF AGENDA Brown moved, second by Boyd, to approve the order of the agenda as presented. I AYES: NOES: Boyd, Brown, Campbell, Doane, Yost None Motion carried WAIVER OF FULL READING Boyd moved, second by Brown, 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: Boyd, Brown, Campbell, Doane, Yost None Motion carried ORAL COMMUNICATIONS There were no Oral Communications. AGENCY REORGANIZATION I SELECTION OF CHAIRMAN Agencymember Brown nominated Mr. Doane as Chairman. Agencymember Doane declined in favor of the current Chairperson. Brown moved, second by Yost, to close nominations and declare Agencymember Campbell as Chairman for 1998/1999. AYES: NOES: ABSTAIN: Boyd, Brown, Doane, Yost None Campbell Motion carried SELECTION OF VICE-CHAIRMAN Agencymember Brown nominated Dr. Yost as Vice-Chairman. Brown moved, second by Boyd, to close nominations and declare Agencymember Yost as Vice-Chairman for 1998/1999. AYES: NOES: ABSTAIN: Boyd, Brown, Campbell, Doane None Yost Motion carried I REPORT - AFFORDABLE HOUSING PROGRAM UPDATE The Executive Director presented a status report with regard to an Affordable Housing Program, a final report and program options anticipated to be presented to the Agency on June 22nd. He explained that pursuant to State law Redevelopment Agencies are required to set aside twenty percent of Agency tax increment monies for promotion of affordable housing programs only. He noted that a program for use of those monies, about $1.6 million, has yet to be developed, and without a program there is risk of losing that money unless it is used. The Manager reported that some months back a consultant was retained to develop options for an affordable housing program and at the same time focus on the basic policies, to satisfy the State mandate, that the money be used, not lost, in turn relieve a potential for legal challenge, attempt to eliminate any first signs of blight, 5-26-98 / 6-22-98 which there is some, particularly in the Old Town area, through rehabilitation of certain apartments and detached housing, doing so while trying to maintain the residential character and mix that currently exists in Old Town. There are several ways that the Agency can move into an affordable housing program, do things that will lead to the reinvestment and upgrading of run-down properties, utilize Agency set aside monies in the form of both grants for specific purposes and loans of sufficiently low interest rates to encourage a property owner to reinvest in a property, it is, believed that the program to next be presented could enhance the exterior of properties, including landscaping, which tends to increase property values of a neighborhood, that will be an objective of the program brought before the Council. It was noted there would be a mix of owner occupied homes, particularly older owners who have resided in the home for many years, where there is not means to accomplish some exterior maintenance, while also addressing some of the problem, multi-family properties that have not been kept up, a mix of different levels of Agency participation monetarily as an incentive. The Manager confirmed that applications and income verifications would be handled by the City, if the applicable criteria is met then loans and securities would be dealt with through a financial institution, all subject to the availability of sufficient funds, at this point not knowing the interest rates or participation it would be expected this will be done in phases. He noted also that there is a deadline to commence such a program by the end of the fiscal year. I I Agencymember Brown presented a commemorative plaque to Chairman Campbell for her services as Chairman of the Agency for 1997/98. Chairman Campbell accepted with appreciation. ADJOURNMENT By unanimous consent, the meeting was adjourned at 7:10 p.m. ~ra;;;m~ Chairman I Seal Beach, California June 22, 1998 The Redevelopment Agency of the City of Seal Beach met in special session at 6:32 p.m. with Chairman Campbell calling the meeting to order with the Salute to the Flag.