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M-11/20/1978 (2) . . . . l>1I'lUTES OF THE REDEVELOPME'lT AGENCY AND CITY COUNCIL OF THE CITY OF S~~TA MO'lICA, CALIFORNIA November 20, 1978 3:00 The Redevelopment Agency and the City Council of the City of Santa Honica met in special Joint sess~on ~n the City Hall Council Chambers on Monday, November 20, 1978. The meet~ng was called to order at 3:05 p.m. by Chairman Pro Tem Seymour Cohen and roll was called: PRESENT: ME~BERS: Seymour A. Cohen, Chairman Pro Tern John Bambrick Christine E. Reed Perry Scott 'lath~nlel Trlves Pleter van den Steenhoven ABSE~T: ~EMBERS: Donna O'Brien Swink, Chairman ALSO PRESENT: David P. Dolter, Executive Director Rlchard L. Knlckerbocker, City Attorney Nancy McFarland, Secretary, Environmental Services PROJECT ACTIONS AND REPORTS 2Al Downtown Redevelofment Project Approval of Low B~d for Construction of Public Parkins Garages No. 7 and No. 8 465 I I roml ! Stan Scholl, Dlrector of General Servlces, provided a recap of the :Approval of LOI, Bld bidd~ng and responded to quest~ons from Agency members. After discusslon,for Constructlon of ~lr. Tri ves moved to approve the a"a rd of contract for the cons tructlon ;Pubhc Parking Garages of the Publlc Parklng Garages Xo. 7 and No.8 to the lowest bidder, iNo. 7 and No.8 Ernest W. Hahn, Inc., in the amount of $7,548,000, accepting Alternatives 1, 2, 3, and 5; and award of contract for off-site Items I-A and l-B to Ernest W. Hahn, Inc. in the amount of $39,265.00, as recommended by staff. ThlS motlon ,.;as seconded by ,lrs. Reed and the vote by roll call Has as follows: AYES: NOES: ABSENT: Bambrick, Reed, Trlves, van den Steenhoven, Cohen Scott S,.nnk 2A2 DOHntown Redevelopment ProJect Approval of Resolution Awarding $14,470,000 Bonds of Redevelopment Agency to the Best B~dder New coples of the next three resolutlon were distributed to Agency! Courrcll members. John Jalili, D~rector of Environmental Services, announced the 10"1 bld for the bonds was a net interest rate of 6.6782% submitted by Bank of Amer~ca. Unlted California Bank submitted a net lnterest rate of 6.855373%. Terrance Comerford, bond consultant with Blyth Eastman Dillon, provlded background on this item and recommended acceptance of the Bank of America b~d. A motion was then made by ~r. Tr~ves to adopt a resolution awarding $14,470,000 in Redevelopment Agency bonds to Bank of America. Mr. van den Steenhoven seconded this motion and Agency members voted in favor as follows: AYES: NOES: ABSE1\'T' Bambrick, Reed, Trlves, van den Steenhoven, Cohen S co t t S,vink 1 I !Approval of ResolutIOn IAwarding $14,470,000 iBonds of Redevelopment [Agency to the Best iB~dder . 460 Approval of ResolutlOn Flxing .~unt of Base Rental Payable by the City Under Lease Agreement Dated December 1, 1978. 2.113 Downtown Redevelopment Project AEproval of Resolution Flxing Amount of Base Rental Payable by the Clty Under Lease Agreement Dated December 1, 1978 Mr. Comerford came fon.;ard agaln to explaln thlS ltem. Mrs. Reed moved that the Redevelopment Agency adopt the resolutlon fixing the amount of the base rental payable by the Clty under the Lease Agreement dated December 1, 1978 at $1,189,705. A second to thlS motion was glven by Mr. Bambrick and members approved the motlon by roll call vote as follows: . AYES: NOES: ABSE'lT Bambrlck, Reed, Trives, van den Steenhoven, Cohen S co t t Swink 2.114 Downtown Redevelopment Project Approval of Resolutlon Approvlng the Amount of Base Rental Payable by the City Under Lease Agreement Dated December 1, 1978 Approval of ReSOlutlonl Approving the ,~unt of Base Rental Payable I bv the Clty Under Lease ThlS 1 tern lias for Cltv Counnl action and Mr. van den Steenhoven moved Agreelll:mt Dated I that the Clty Counol' adopt Resolution No. 5l39(CCS) entitled' "A December 1,1978. Resolutlon of the Clty Councll of the City of Santa '\lonlca, Californla, Approvlng the Amount of Base Rental Payable By Said Clty under the Lease Agreement Dated as of December 1, 1978 By and Between Said Clty and the Redevelopment Agency of the Clty of Santa Monica", awarding Contract No. 3l38(CCS). A second to thlS motion was given by Mr. Trives and Council- members approved the motlon by roll call vote as follows: AYES: :-';OES: ABSENT: Bambrick, Reed, Trlves, van den Steenhoven, Cohen Scott Swink . There belng no further buslness, a motlon was made by ~r. Trives to adJourn in memoD' of: Irv Mlller, former S.M.P.D. motor officer; Martha Sprig, mother of '\Iargaret Horst and lifelong resident of Santa '\Ionlca (as requested by Mrs. Reed); and John Salacheck, longtime restaurant owner ln Santa Monica (as requested by Mr. Cohen). Mrs. Reed seconded this motlon WhlCh was approved unanimously by members present. Chair- man Pro Tern Cohen adjourned the meeting at 3:30 p.m. ATTEST: APPROVED: [.-:.../~, j./_--L<::L-:.:.......... Jovce Snider Cl ty' Clerk ~ ..../d-~~ . S~!J,.. Cohen Mayor Pro Tempore . 2 .