M-10/3/1967 (3)
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REDEVELOPMENT AGENCY
OF THE
CITY OF SANTA MO~IICA, CALIFORNIA
October 3. 1967
4:30 P.M.
The Redevelopment Agency of the City of Santa Monica. California, met
in adjourned regular session in the City Council Chambers on October 3.
/967, at 4:30 P.M.
The Secretary reported that the Notice of Adjournment was posted
on the Council Chamber door on September 26. 1967. and that the affi-
davit of posting was on file in the offices of the Redevelopment Agency.
PRESENT:
MEMBERS: J. Lee Schimmer. Jr.
l. Wayne Harding
James M. O'Jrien, entered at 4:50 P.M.
Mortimer T. Richey
Philip E. Whiting
ABSEt-IT:
MEMBERS: 8. Thomas Barnard
C I i fford Conne Ily
ALSO PRESENT:
Eugene B. Jacobs. General Counsel
Grace Thomas, Executive Oirector-Secretary
Katharine Mitchell. Assistant Executive Oirector
May Palfrey, Stenographer
APPROV~L OF MINUTES:
The minutes of September 12, 1967 were approved
as mai led.
APPROVAL OF BILLS:
The Secretary reviewed the bills as follows:
Shuirman-Rogoway & Associates -
Engineering Consulting Services
Administrative .
Tota I . . . .
. $1.196.00
. . . $1,196.00
Harry L. Nourse Audit Company -
Audit and financial statement on
Tax Allocation Bonds
Tax Allocation
Tota I . . . .
752.50
752.50
. ~J../~48.50
TOTAL BILLS
The Secretary requested that the bill from Mr. John Gray for finan-
cial consulting services in the amount of $505.00 also be approved for
payment. Mr. Harding moved, seconded by Mr. Richey, that the bills be
paid as submitted, with the inClusion of Mr. Grayls bill, in the total
amount of $2,453.50. The motion carried with the following roll call
vote:
AVES:
NOES:
ABSENT:
ME~lBERS :
MEMBERS:
MEMBERS:
Schirnmer. Harding, Richey, Whiting
None
Barnard, Connelly, O'Brien
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Minutes - 10/3/67
Page Two
REPORT OF SECRETARY:
ProJect I(a}:
Progress Report - Installment Parcel One
The Secretary reported to the Members on the latest figures regarding
rentals and occupancy at Santa Monica Shores. Discussion followed.
Project I (a) :
Amended Redevelopment Plan
The Secretary advised the Members that the report and recommendations
of the Planning Co~mission on the Amended Redevelopment Plan had been for-
warded to the City Council and that the public hearing before the Council
had been set for October 24, 1967. at 7:30 P.M., in the City Council Chambers.
Mr. O'Brien entered at 4:50 P.M.
The Secretary then introduced the new Assistant Executive Director of
the Santa Monica Redevelopment Agency, Mrs. Katharine Mitchell, to the
Members.
Project I (b) :
Land Disposition Program
The Secretary stated that numerous inqUiries had been received by
the Agency from interested redevelopers for Project l(b) and recommended
that the next regular meeting on October 24, 1967 be set as a study session
to discuss the public offering of the Ocean Park I(b) Project land. Dis-
cussion followed on the requirements which should be determined by the
Members relating to the disposition of this Project. The Members agreed
to hold a study session on October 24, 1967, at 4:30 P.M., for the purpose
of discussing the public offering of Project I(b).
NEl>J BUS I NESS:
Travel Report
The Secretary submitted to the Members a travel analysis of the
costs incurred by the Members and staff of the Agency for the period
July I, 1966 through June 30, 1967. Mr. OIBrien moved, seconded by
Mr. Harding, that the car allowance for the Executive Director and the
Relocation Interviewer and Property Manager in the amount of $15.00 per
month each be approved and also that four trips to the HUD Regional
Office be approved for the period 7/1/67 through 12/31/67. The motion
carried with the following roll call vote:
AVES:
NOES:
ABSENT: :
Schimmer, Harding. OIBrlen, Richey, Whiting
None
Barnard, Connelly
MEMBERS:
MEMBERS:
MEMBERS:
The Chairman suggested that an account be set up to reimburse
Agency or staff members for costs pertaining to Agency business.
Mr. Harding suggested that such costs be submitted to the Members
in the form of bills, along with the other bills to be approved for
payment. Mr. Jacobs. General Counsel, agreed to prepare a policy
pertaining to reimbursement of expenses and present it to the Members
at the next Agency meeting.
The Secretary requested authorization from the Members to transfer
funds in the amount of $40.28 from the Redevelopment Fund to the I(a}
Project Fund. said amount representing the depreciated value of the
file cabinet given to a former Agency Member. Mr. O'Brien moved.
seconded by Mr. Whiting, that the amount of $40.28 be transferred from
the Redevelopment Fund to the 1 (a) Project Fund, representing the
value of the file cabinet. The motion carried with the following
ro I I ca I 1 vote:
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Minutes - 10/3/67
Page Three
AYES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEMBERS:
Schimmer, Harding, OIBrien, Richey, Whiting
None
Barnard, Connelly
The Secretary Informed the Members that a security pledge of the
Redeveloper in the form of U. S. Treasury Bills, amounting to $266,000,
which matured on October I, 1967, was now being held by the City Treasurer
and that Kern County Land Company had notified the Agency that they had
replaced that amount with $274,000 of u. S. Treasury Bills which will
mature on March 15, 1971.
There being no further business to be brought before the Members,
Mr. Richey moved, seconded by Mr. Harding, that the meeting be adjourned.
The motion carried with a unanimous voice vote.
The meeting adjourned at 5:12 P.M.
" ~;1t
~mas
Secretary
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