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HomeMy WebLinkAboutRDA Min 1998-07-27 6-22-98 / 7-27-98 AYES: NOES: ABSENT: Boyd, Brown, Campbell, Doane None Yost Motion carried ADJOURNMENT It was the order of the Chair, with consent of the Agency, to adjourn the meeting at 7:05 p.m. I 1.~~ f~~ Seal Beach, California July 27, 1998 The Redevelopment Agency of the City of Seal Beach met in regular session at 6:59 p.m. with Chairman Campbell calling the meeting to order with the Salute to the Flag. I ROLL CALL Present: Chairman Campbell Agencymembers Boyd, Brown, Doane, Yost Absent: None Also present: Mr. Till, Executive Director Mr. Barrow, City Attorney Mrs. Yeo, City Clerk/Secretary APPROVAL OF AGENDA Brown moved, second by Boyd, to approve the order of the agenda as presented. AYES: NOES: Boyd, Brown, Campbell, Doane, Yost None Motion carried WAIVER OF FULL READING Brown moved, second by Boyd, 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. I AYES: NOES: Boyd, Brown, Campbell, Doane, Yost None Motion carried 7-27-98 ORAL COMMUNICATIONS There were no Oral Communications. I BANKING/ADMINISTRATIVE SERVICES AGREEMENTS - HOUSING REHABILITATION LOAN PROGRAM The Executive Director stated this item is the next step towards implementation of the Residential Rehabilitation Program that was approved at the prior Agency meeting, this involves establishing a working agreement with a bank to make the loans for improvements under the Program as well as for administrative services, these services are needed primarily due to lack of staff and experience and expertise to effectively administer the loan program, to that the City's consultant suggested retention of CivicStone, the recommended action therefore would be to authorize execution of the agreements with Bank of America and CivicStone. The Chairman inquired as to the first phasing of the loans and grants, more specifically a time frame for commencement of the Program. Mr. Adam Eliason, CivicStone, stated there is need to get to a point of marketing, formulate ideas, put together a brochure of some sort so the community find out about the program, the criteria and benefits to do make exterior improvements to their home at a low cost or deferred loan, an anticipated time frame would be possibly a month, there is a period to disseminate the information, that can be done to some degree through local media programs, when that gets moving then it is a relatively short period until applications can be accepted, communicate with the applicant as to the program and what may be available to them, then commence the loan process with the Bank of America. Mr. Eliason confirmed that the time frame for applications and closing of escrow will basically be the same as in the market now. Chairman Campbell noted that a monthly report is to be provided from commencement of the start up period and through the first phase of loans and grants, to which she stated her preference that such reports continue. Mr. Eliason said that can be done, the information is tracked with a report to the City, gives the volume of loans, the profile of the loans which includes who the applicant is, the size of family, household income, etc. Agencymember Boyd emphasized that the intent is to have those reports provided to the Council/ Agency. The Chairman asked the length of time anticipated to be working on this project, the response of Mr. Eliason was for the length of the program or however long his services are needed. The Executive Director said the thought was to get through the first phase, the Agency can then critique and evaluate the program, determine if any changes are desired, and whether or not to continue it. Mr. Eliason estimated six months to a year to accomplish the marketing, then it can be seen how many applications per month are realized, then the program can be evaluated long term as well. The Chairman noted the referenced experience in a number of different cites, however none in Orange County, and inquired how they may differ. Mr. Eliason mentioned being somewhat in the middle of the Inland Empire and Orange County areas, however when it comes to older housing stock and doing rehab programs that are funded by set-aside/Redevelopment funds, it is very similar. To a question of the Chair, the City Attorney I I 7-27-98 / 8-24-98 confirmed that he had reviewed the documents. Agencymember Yost asked if CivicStone has dealt with the Coastal Commission on other issues or within the coastal area, the response of Mr. Eliason was no, offering that from his reading of the Rehabilitation Program is that this is an aesthetic program, improvement to the exteriors of existing homes, possibly bring into compliance some interior Code violations, how that affects Coastal Commission requirements is not known to him, yet if that becomes an issue those requirements will be incorporated. I Brown moved, second by Yost, to approve the agreements with the Bank of America and with CivicStone consultants for the purposes of administering the Residential Rehabilitation Program, and authorize the Executive Director to execute same on behalf of the Redevelopment Agency. AYES: NOES: Boyd, Brown, Campbell, Doane, Yost None Motion carried AGENCY MINUTES Brown moved, second by Campbell, to approve the minutes of the April 27, 1998 regular meeting as presented. AYES: NOES: ABSTAIN: Brown, Campbell None Boyd, Doane, Yost Motion carried I ADJOURNMENT By unanimous consent, the meeting was adjourned at 7:08 p.m. t1Ej",~ b~ Ct~y Clerk/Secreta Seal Beach, California August 24, 1998 The Redevelopment Agency of the City of Seal Beach met in regular session at 7:02 p.m. with Chairman Campbell calling the meeting to order with the Salute to the Flag. I ROLL CALL Present: Chairman Campbell Agencymembers Boyd, Brown, Doane, Yost Absent: None