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HomeMy WebLinkAboutRDA Min 2002-02-25 _I I I 2-25-02 / 3-25-02 Seal Beach, California February 25, 2002 The Redevelopment Agency regular meeting of this date was canceled due to the lack of business items requiring attention. Seal Beach, California March 25, 2002 The Redevelopment Agency of the City of Seal Beach met in regular session at 6:50 p.m. with Chairman Yost calling the meeting to order. ROLL CALL Present: Chairman Yost Agencymembers Boyd, Campbell, Doane, Larson Absent: None Also present: Mr. Bahorski, Executive Director Mr. Barrow, City Attorney Mr. Whittenberg, Director of Development Services Ms. Yeo, City Clerk APPROVAL OF AGENDA Boyd moved, second by Campbell, to approve the order of the agenda as presented. AYES: NOES: Boyd, Campbell, Doane, Larson, Yost None Motion carried PUBLIC COMMENTS No public comments were presented. RESOLUTION NUMBER 02-1 - PROPERTY RENOVATION - 1119 OCEAN AVENUE - LOW/MODERATE INCOME LOAN/FUNDING COMMITMENT The Director of Development Services presented the staff report, specifically relating to a proposal from persons interested in acquiring a property on Ocean Avenue, doing some rehabilitation work to that four unit apartment building then making three of the four units available to low to moderate income persons and families. He noted that an item was presented to the Agency and Council in January with regard to a concern as to surplus funds in the low to moderate setaside account and that some action was needed to expend certain amounts by June 30" of this year. The