M-10/24/1967 (2)
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REDEVELOPMENT AGENCY
OF THE
CITY OF SANTA MONICA, CALIFORNIA
October 24, 1967
4:30 P.M.
The Redevelopment Agency of the City of Santa Monica, California, met in
regular session in the City Council Chambers, on October 24, 1967, at
4:30 P.M.
The Secretary reported that the Notice of Adjournment was posted on
the Council Chamber door on October 10, 1967, and that the affidavit of
posting was on file in the offices of the Redevelopment Agency.
PRESENT:
MEMBERS: J. Lee Schimmer, Jr., Chairman
B. Thomas Barnard, entered at 4:41 P.M.
Clifford Connelly
James M. QIBrien
Philip E. Whiting
A~E~:
MEMBERS: L. Wayne Harding
Mortimer T. Richey
ALSO PRESENT:
William Rand, Manager, Real Estate Division,
Kern County Land Company
Joseph Martin, Jr., Attorney for Kern County
Land Company
Eugene B. Jacobs, General Counsel
Grace Thomas, Executive Director-Secretary
Katharine Mitchell, Assistant Executive Director
May Palfrey, Stenographer
APPROVAL OF MINUTES:
The minutes of October 3.1967, were approved
as mailed.
APPROVAL OF BILLS:
The Secretary reviewed the bills as follows:
Eugene B. Jacobs - Legal Services
Administrative.
Total
. $168.75
~168.75
Mr. Connelly moved, seconded by Mr. Whiting, that the bills be paid
as submitted, in the amount of $168.75. The motion carried with the
following roll call vote:
AYES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEMBERS:
Schimmer. Connelly, O'Brien, Whiting
None
Barnard, Harding, Richey
REPORT OF SECRETARY:
Project I (a):
Amended Redevelopment Plan
The Secretary informed the Members that the public hearing before
the City Council on the Amended Redevelopment Plan for Project No.
Calif. R-37 would be held on October 24, 1967, at 7:30 P.M.
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Minutes ~ 10/24/67
Page Two
Project I(a);
Report on Meetins with Mr. Robert Pitts, Resional Administrator
The Secretary reported to the Members on the meeting which she and
the Chairman had in San Francisco on October 16, 1967, with Mr. Robert
Pitts, Regional Administrator for HUD, Mr. Richard G. Mitchell, Assistant
Regional Administrator for Renewal Assistance, and Mr. Arthur Timmel,
Assistant Regional Administrator for FHA, regarding Project I (a).
Mr. Barnard entered at 4;41 P.M.
Mr. William Rand, Manager of the Real Estate Division of Kern County
Land Company, addressed the Members giving them a report on rentals and
occupancy at Santa Monica Shores.
Mr. Joseph Martin entered at 4;54 P.M.
Projects I (a) and J (b);
Sale of Preliminary Loan Notes;
The Secretary presented each Member with a copy of the Tabulation of
Bids received by the Agency for the purchase of $4,795,000 Preliminary
Loan Notes in Project l(a} (Seventh Series A) and $2,975,000 Preliminary
Loan Notes in Project I(b} (Eighth Series B). She informed them that
the Notes were awarded to the Bank of America, which was the low bidder
in both series, at an interest rate of 3.26 per cent.
UNFINISHED BUSINESS;
~~HRO National Biennial Conference
The SecretaTY reported to the Members on the NAHRO National Biennial
Conference held in Portland, Oregon, on October 8 through II, 1967, which
both the Chairman and she had attended. She stated that the Conference
had been represented by members ~rom all states in the housing, codes
and renewal fields.
Use of A~ency Funds for Community Relations and Land Marketinq
Purposes
The Secretary read Resolution No. 258 (R.A.S.) to the Members,
which authorized the reimbursement of certain expenses incurred by
Agency and staff members relating to community relations and land
marketing. Mr. OIBrien suggested that a maximum allowable amount be
set at $800.00 during the remai~der of the fiscal year ending June 30,
1968. Mr. Barnard also suggested that the expenses be presented to
the Members at the meetings in voucher form, along with the other
bills which are submitted to them for approval of payment. The Members
concurred. Mr. O'Brien moved, seconded by Mr. Barnard, that Resolution
No. 258 (R ,A.S.), "A RESOLUTI ON OF THE REDEVELOPMENT AGENCY OF THE CITY
OF SANTA MONICA, CALIFORNIA, AUTHOR/ZING THE USE OF AGENCY FUNDS FOR
COMMUNITY RELATIONS AND LAND MARKETING PURPOSES", ,be. adopted and that
further reading be waived. The motion carried with the following roll
call vote;
AYES;
NOES;
AaSENT;
MEMBERS;
MEMBERS;
MHiBERS;
Schimmer, Barnard, Connelly, O'Brien, Whiting
None
Harding, Richey
STUDY SESS ION;
At Mr. Barnard's recommendation, the Members agreed to postpone
the Study SessIon on the Land Disposition Program for Project I(b)
until the next regular meeting, on November 14, 1967.
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Minutes - 10/24/67
Page Three
There being no further business to be brought before the Members,
Mr. O'Brien moved, seconded by Mr. Connelly, that the meeting be adjourned.
The motion carried with a unanimous voice vote.
The meeting adjourned at 5:22 P.M.
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Grace Thomas
Secretary
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