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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.