M-1/27/1981 (2)
..-
.
.
.
e
e
RA-375
I /'^,:;.
I <-
MINUTES OF THE
REDEVELOPMENT AGENCY
OF THE
CfTY OF SANTA MONICA, CALIFORNIA
January 27, 1981
The regular meeting of the Redevelopment Agency was called to order at 7 39 p.m by
ChaIrman Bambrick.
MEMBERS PRESENT
John J. Bambrick, Chairman
Ruth Vannatta Goldway, Chairman Pro Tern
Cheryl Rhoden
Perry Scott
MEMBERS ABSENT: Will lam H. Jennings
Christine E. Reed
ALSO PRESENT: Charles K. McClain, Executive Director
Stephen Shane Stark, Acting City Attorney
Ann M. Shore, Recording Secretary
APPROVAL OF MINUTES
Minutes of the November 25, 1980, meeting were unanimously approved by voice vote
following a motion by Ms. Rhoden and second by Hs Yannatta Goldway.
PROJECT ACTIONS AND REPORTS
3A Agency Concurrence in Amendment to Peat, Harwick, Mitchell and Company
Audit Service Contract
Presented for Concurrence by the Redevelopment Agency was a recommendation considered
and acted upon by the City Council for an amendment to the audit service contract
with Peat, Harwick, Mitchell and Company to include an audit of the Redevelopment
Agency books. Ms. Rhoden moved for Agency concurrence in the a~endment to the audit
serVIce contract with Peat, Marwick, Mitchell and Company, and authorized the transfer
of Five Thousand, Five Hundred Dollars ($5,500) to the City as reimbursement for the
audit. Second by Ms. Vannatta Goldway. The motion was approved by the following vote
AYES: Vannatta Goldway, Rhoden, Scott, Bambrick
NOES: None
ABSENT: Jennings, Reed
3B(I) Ex.tenslOn of Outstanding Promissory Note -
O~~an Park Redevelopment Project
Presented for consideration was a recommendation to authorize payment of interest on
the outstanding Five Hundred Thousand Dollar ($500,000) Promissory Note and consent to
the extension of the Note for a period of one (1) year Ms. Rhoden moved for approval
of the staff recommendation. Second by Mr Scott.
#"
.
.
.
e
e
RA-375
January 2], 1981
-2-
Ms. Vannatta Goldway requested the record Indicate that she was voting for this in
the interest of proceeding with City business, however, she is opposed to the
City continuIng the process of subsidizing the development of homes for the very
rich on the coast. The motion was approved by the following vote
AYES: Vannatta Goldway, Rhoden, Scott, Bambrick
NOES. None
ABSENT: Jennings, Reed
There being no further business before the Agency, a motion to adjourn was made by
Ms. Rhoden and second by Ms. Vannatta Goldway. Members unanimously approved the
motion by vOIce vote. At 8:49 p.m., Chairman Bambrick declared the ~eeting adjourned.