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MINUTES OF THE ADJOURNED REGULAR MEETING <br />OF THE CITY COUNCIL OF THE CITY OF <br /> SANTA ANA, CALIFORNIA <br /> <br />July 11, 1985 <br /> <br />The meeting was called to order at 5:32 p.m., in Room 831, City Hall, 20 <br />Civic Center Plaza, by Mayor Daniel E. Griset. Councilm~mbers present <br />ware P. Lee Johnson, Patricia A. McGuigan, Dan Young and Mayor Griset. <br />Also present ware City Manager Robert C. Bobb, City Attorney Edward J. <br />Cooper and Clerk of the Council Janice C. Guy. Councilmember Wilson B. <br />Hart joined the meeting at 5:41 p.m. Councilm~mbers John Acosta and R. W. <br />Luxembourger ware absent. <br /> <br />~DRK STUDY SESSION <br /> <br />Budget Schedule <br /> <br />The Mayor requested that Councilm~mbers set a specific time for a <br />comprehensive review of City revenues, expenditures and reserves prior to <br />adopting the 1985-86 annual budget. Following discussion, the <br />Councilmembers agreed to begin that particular discussion at 11:00 a.m. on <br />Monday, July 15, 1985 and also set an additional budget session beginning <br />at 4:00 p.m. on Tuesday, July 16, 1985. <br /> <br />Economic Develo~z~ent Budget <br /> <br />The Executive Director of Economic Development presented the Departn~nt's <br />budget, beginning with the table of organization which delineated the <br />department's five divisions -- Business and Industrial Develo~x~ent, <br />Redevelopment, Operations and Finance, Downtown Develoument C~ission and <br />Real Estate, and briefly discussed project responsibilities for each <br />division. He reviewed five year tax increment projections, capital <br />projects and debt service for each of the project areas, as well as the <br />five year total tax incr~ent projection, and responded to Councilmembers' <br />specific questions on the projections. <br /> <br />The Mayor requested that the Council be provided with a summary sheet <br />detailing the HUD 108 loan repayment schedule. <br /> <br />In response to Councilmembers' questions, the Director expanded upon <br />n~erous issues, projects, funding procedures, financing mechanisms, <br />refinancing alternatives and operation expense of the Agency. He <br />presented charts detailing department revenues, expenditures, operating <br />budget and the Downtown Development Plan. Councilmembers discussed <br />various aspects of the Economic Development budget. <br /> <br />CITY COUNCIL MINUTES <br /> <br />296 JULY 11, 1985 <br /> <br /> <br />