M-1/12/1982 (2)
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)fI}{UTES OF THE
REDEVELOPME~T AGENCY
OF THE
CITY OF SANTA ~O~ICA, CALIFOR\IA
January 12, 1982
A specIal meetIng of the Redevelopment Agency was called to order at
7:20 P.~., Tuesday, January 12, 1982 by Chairwoman Vannatta Goldway.
MF~BERS PRESENT-
Ruth Vannatta Goldway, Cha1rwoman
Ken Edwards, Chairman Pro Tern
James P. Conn
Dolores M. Press
ChristIne E. Reed
Dennis Zane
ALSO PRESE\T:
John H. Alschuler, Jr., Executive Director
Robert :'1. ?>.lyers, Agency Attorney
Ann H. Shore, Secretary
ABSE~T:
WillIam H. JennIngs
1. APPROVAL OF ;\II:.JUTES: ~fember Reed moved to approve, as wr it ten,
Redevelopment Agency minutes of August 25, 1981, September 15, 1981,
Xovember 10, 1981, and Kovember 24, 1981. Second by ~ember Conn. The
motIon was approved by the follow1ng vote:
AYES:
Conn, Edwards, Press, Reed, Zane, Vannatta Goldway
ABSEKT:
Jennings
2. AGEKCY DEBT TO CITY: Presented was a staff reporttransmitt1ng a
resolution for adoption establIshing a 12 percent interest rate on
funds advanced by the CIty to the Agency. ~Iember Reed moved to adopt
Redevelopment Agency Resolution :-10. 371 ent1t1ed: "A RESOLUTIO\ OF
THE REDEVELOP~E~T AGE~CY OF THE CITY OF SA~TA ~ONICA ESTABLISHI~G A
TWELVE PRECEKT (12%) INTEREST RATE O~ FU~DS ADVAKCED BY THE CITY OF
SA~TA MONICA TO THE AGENCY", read1ng by t1tle only and waiving further
reading thereof. Second by )lember Conn. The motIon was approved by
the following vote:
AYES:
Conn, Edwards, Press, Reed, Zane, Vannatta Goldway
ABSENT:
Jennings
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3. OCEAN PARK REDEVELOPNE~T PROJECT/LI~COL~ PROPERTIES CO~PANY:
Presented was a staff rep-ort transmitting a resolut"ion for adoptlon
authorizing payment of legal fees incurred in connection with an
opinlon rendered by the law flrID of O'~elveny & ~yers lTI regard to
the Ocean Park Redevelopment ProJect. Member Conn moved to adopt
Redevelopment Agency Resolution No. 372, entltled "A RESOLUTIO~ OF
THE REDEVELOP~lENT AGENCY OF THE CITY OF SANTA MO~ICA AUTHORIZING
THE PAYMENT OF EXPE~DITURES FOR THE OCEA~ PARK REDEVELOPME~T PROJECTII,
reading by tltle only and waivlng further readlng thereof. Second by
Chalrwoman Yannatta Goldway. The motion was approved by the followlng
vote:
AYES:
Conn, Edwards, Press, Reed, Zane, Yannatta Goldway
ABSEi\T:
Jennings
There being no further business before the agency, a motion to ad-
]ournat 7:25 P.~. was made by Member Edwards, second by ~ember Zane,
and approved by unanimous voice vote.
. Prepared by:
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LLL--vi /~1 ~tL,LL-
Ann M. Shore
Secretary
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