HomeMy WebLinkAboutRDA Min 2003-11-24
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10-27-03 / 11-24-03 / 12/8/03
rather a receive and file item requiring no Agency action,
thus there is no conflict.
Agencymember Antos expressed appreciation for the report, and
said since there was some discussion with regard to the
status of the MPROP loan at this point, he would think it
would be appropriate, in that the time limit for the MPROP
loan is nearing, for the Executive Director to contact Linc
Housing to determine where they are with regard to a
settlement then have the signatures and paperwork completed
by the end of the month because the money that would come
back to the Agency from the MPROP loan would then be used for
housing, an infusion back into the low and moderate income
housing program of the City. He said if there is anything
the City can do to push this process along it would be a
benefit to the whole City if the MPROP is funded, his
understanding is that there is no possibility for extension.
Agencymember Campbell noted that the items that were brought
up in the settlement hearing have to go before the bond
consultants, the ACA, and the IRS, it is out of the hands of
the City, once there is an approval rating then the
settlement can be approved, it is unknown how long that will
take.
ADJOURNMENT
It was the order of
adjourn the meeting
the Chair, with consent of the Agency, to
at 7:05 p.m.
~~
Ci
Seal Beach, California
November 24, 2003
The Redevelopment Agency regular meeting was canceled by
action of the City Council.
Seal Beach, California
December 8, 2003
The City Council and Redevelopment Agency met in regular
adjourned session at 6:30 p.m. with Mayor Campbell calling
the meeting to order with the Salute to the Flag.