HomeMy WebLinkAbout05/16/1983
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.
MINUTES
ADJOURNED REGULAR MEETING OF THE
COMMUNITY REDEVELOPMENT AGENCY
JOINT MEETING WITH
CITY COUNCIL AND
COMMUNITY REDEVELOPMENT AGENCY
SANTA ANA, CALIFORNIA
MAY 16, 1983
The Adjourned Regular Meeting and Joint Meeting with the
Redevelopment Agency and City Council of the City of Santa
Ana was called to order by Chairman Luxembourger at 3:20
P.M., in the City Council Chambers, 22 Civic Center Plaza,
Santa Ana, California. After the Pledge to the Flag and the
Invocation given by Mr. Johnson, roll was called:
.
PRESENT
ABSENT
John Acosta
Gordon Bricken
Daniel Griset
P. Lee Johnson
Patricia McGuigan
Robert Luxembourger
Dan Young
Others in Attendance:
A. J. Wilson, City Manager
Rex Swanson, Executive Director
Edward J. Cooper, City Attorney
David N. Ream, Community Development Director
Thomas E. Hammill, Assistant Director Redevelopment
& Real Estate
Laura Juarez, Secretary
.
CERTIFICATES OF PARTICIPATION AND RELATED DOCUMENTS, SANTA
ANA TRANSPORTATION CENTER/SANTIAGO STREET AND SANTA ANA
BOULEVARD
A motion was made by Vice Mayor Griset, seconded by
Councilmember Acosta and carried unanimously to adopt
Resolution No. 83-57: A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF SANTA ANA APPROVING SALE OF $8,500,000 PRINCIPAL
AMOUNT OF CERTIFICATES OF PARTICIPATION FOR TRANSPORTATION
CENTER PROJECT, AND APPROVING AND AUTHORIZING EXECUTION OF
RELATED DOCUMENTS AND OFFICIAL ACTION.
1--
CERTIFICATES OF PARTICIPATION AND RELATED DOCUMENTS, SANTA
ANA TRANSPORTATION CENTER/SANTIAGO STREET AND SANTA ANA
BOULEVARD
.
A motion was made by Vice Chairman Griset, seconded by Mr.
Acosta and carried unanimously to adopt Resolution 83-12:
RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF SANTA ANA APPROVING SALE OF $8,500,000 PRINCIPAL AMOUNT
OF CERTIFICATES OF PARTICIPATION FOR TRANSPORTATION CENTER
PROJECT, AND APPROVING AND AUTHORIZING EXECUTION OF RELATED
DOCUMENTS AND OFFICIAL ACTION.
APPROVAL OF RESOLUTIONS FOR ISSUANCE AND BID AWARD OF TAX
ALLOCATION REFUNDING BONDS
Mr. Wilson stated that the bids for the subject bond were
opened this morning and that it was the recommendation of
staff that the bond bid be awarded to Blyth Eastman/Paine
Webber, Inc., at 9.22672%.
.
A motion was made by Mr. Acosta, seconded by Mr. Young and
carried unanimously to adopt Resolution 83-13: RESOLUTION
OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA
ANA AMENDING RESOLUTION NO. 83-8, AS AMENDED BY RESOLUTION
NO. 83-10 AND AUTHORIZING THE ISSUANCE OF TAX ALLOCATION
REFUNDING BONDS OF SAID AGENCY IN A PRINCIPAL AMOUNT OF
SIXTEEN MILLION FIVE HUNDRED THOUSAND DOLLARS ($16,500,000)
TO REFUND THE $13,500,000 1978 TAX ALLOCATION BONDS OF THE
AGENCY AND TO FINANCE A PORTION OF THE COST OF A
REDEVELOPMENT PROJECT KNOWN AS THE CITY OF SANTA ANA
REDEVELOPMENT PROJECT AREA.
A motion was made by Mr. Acosta, seconded by Vice Chairman
Griset and carried unanimously to adopt Resolution 83-14:
RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY
OF SANTA ANA AWARDING $16,500,000 CITY OF SANTA ANA
REDEVELOPMENT PROJECT AREA, TAX ALLOCATION REFUNDING BONDS,
1983, TO THE BEST BIDDER AND REJECTING ALL OTHER BIDS.
ISSUANCE OF TAX ALLOCATION
REDEVELOPMENT PROJECT AREA
REFUNDING
BONDS
WITHIN
.
A motion was made by Councilmember Acosta, seconded by
Councilmember Young and carried unanimously to adopt
Resolution 83-58: RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF SANTA ANA, CALIFORNIA, APPROVING THE ISSUANCE BY THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SANTA ANA OF
ITS REDEVELOPMENT PROJECT AREA, TAX ALLOCATION REFUNDING
BONDS, 1983, AND MAKING CERTAIN DETERMINATIONS RELATING
THERETO.
ADJOURNMENT
There being no further business
Redevelopment Agency, the meeting
P.M., to May 17,1983 at 5:30 P.M.
before the Community
was adjourned at 3:25
Re. sw~
Executive Director
L~7
Chairman