HomeMy WebLinkAbout04/18/1994
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CALLED TO ORDER
ATTENDANCE
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MINUTES OF THE SPECIAL MEETING
OF THE COMMUNITY REDEVELOPMENT AGENCY
SANTA ANA, CALIFORNIA
APRIL 18, 1994
9:03 P.M.
REDEVELOPMENT AGENCY MEMBERS
Present:
DAN YOUNG, Chairman
MIGUEL PULIDO, Vice Chairman
TOM LUTZ
PATRICIA MCGUIGAN
LISA MILLS
TED R MORENO
ROBERT L. RICHARDSON
STAFF
Present:
DAVID N. REAM, City Manager
DEBRA KURITA, Assistant City Manager
EDWARD J. COOPER, City Attorney
CYNTHIA J. NELSON, Executive Director
Community Development Agency
Approve the Minutes of the Adjourned Regular Meeting of the
Community Redevelopment Agency held March 21.
SECOND:
Young
MOTION: Richardson
VOTES:
AYES:
Lutz, McGuigan, Kills, Moreno, Pulido,
Richardson, Young
NOES:
None
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AGENCY SECRETARY REPORT
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Instruct the Agency Secretary to enter notice of posting into
the minutes.
The March 21, 1994 Agenda for the Adjourned Regular Keeting of
the Community Redevelopment Agency was posted on the door of the
Council Chambers, 22 Civic Center Plaza, at 10 a.m. on March 18,
1994.
MOTION: Richardson
SECOND:
Young
VOTES:
AYES:
Lutz, KcGuigan, Kills, Moreno, Pulido,
Richardaon, Young
NOES:
None
AGREEMENT WITH UNITED STATES ESCROW
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Direct the Agency Attorney to prepare, and authorize the Chairman
and Executive Director to execute, an agreement with United
States Escrow for residential loan processing and servicing
services.
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MOTION: McGuigan
SECOND:
Pulido
VOTES:
AYES:
Lutz, McGuigan, Mills, Moreno, Pulido,
Richardson, Young
NOES:
None
PAYMENT TO EDUCATIONAL REVENUE AUGMENTATION FUND
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1)
Approve an appropriation adjustment transferring $2,116,815
from the 1986 South Hain Tax Allocation Refunding Bond Debt
Service Reserve Fund to the 1993D South Hain Tax Allocation
Refunding Bond Escrow Fund.
2)
Approve an appropriation adjustment transferring $1,219,780
from the 1989 South Hain Tax Allocation Refunding Bond Debt
Service Reserve Fund to the 1993D South Hain Tax Allocation
Refunding Bond Escrow Fund.
3)
Approve an appropriation adjustment recognizing $44,650,000
in bond proceeds from the 1993D South Hain Tax Allocation
Bond refunding and appropriating same to the payment of
various bond issuance and retirement expenses.
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4)
Approve an appropriation adjustment recognizing $4,495,000 in
unanticipated revenue realized from the 1993D South Hain Tax
Allocation Bond refunding and appropriating same to the South
Hain Redevelopment Project Area Fund.
MOTION: Richardaon
SECOND:
Kills
VOTES:
Lutz, McGuigan, Mills, Moreno, Pulido,
Richardaon, Young
AYES:
NOES:
None
ORAL COMMUNICATIONS/PUBLIC COMMENTS:
None
CLOSED SESSION:
None
ADJOURNMENT:
9:03 p.m.
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