Loading...
M-3/28/1978 (4) . . . . e RA-350 MINUTES OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA, CALIFORNIA March 28, 1978 ~ 00 p m. The Redevelopment Agency and the City Council of the City of Santa Monica met in joint session in the City Hall Council Chamber on Tuesday, March 28, 1978. The meeting was called to order at 4 06 p m. by Chairman Swink. Roll was called PRESENT: MEMBERS: Donna O'Brien Swink, Chairman Seymour A. Cohen, Chal rman Pro Tempore John Bambrick Christine E. Reed Nathaniel Trives Pieter van den Steenhoven ABSENT: MEMBERS' Perry Scott ALSO PRESENT' James D. Will lams, Executive Director Richard L. KnIckerbocker, City Attorney Nancy McFarland, Secretary, Environmental Services APPROVAL OF MINUTES The minutes of the January 31, 1978, meeting were approved unanimously by voice vote following a motion made by Mr. Trlves and seconded by Mr. van den Steenhoven. PROJECT ACTIONS AND REPORTS 3Al Downtown Redevelopment Project Authorization of Bid for' Interim FinanCing Presented at this time was a resolution to be adopted by the City CounCil APPROVING THE ISSUANCE OF A $3,700,000 PROMISSORY NOTE OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA, CALIFORNIA Mr. Williams provided background on thiS Item, and he and Steve Stern, of O'Melveny & Myers, responded to questions. Mr. Trives moved the introduction of Resolution No ~997 (CCS) by title only, waiVIng further reading thereof. A second was given by Mr. van den Steenhoven and the motion was passed by the follOWIng vote: AYES: NOES: ABSENT Bambrick, Cohen, Reed, Trlves, van den Steenhoven, Swink None Scott Chairman Swink introduced the next item, and Seymour Cohen moved to approve the resolution of the Redevelopment Agency Declaring Its Intention to Sell a Promissory Note of Said Agency in the Amount of $3,700,000 for the City of Santa Monica Downtown Redevelopment Project, FiXIng Time and Place for Taking Bids, and Directing Pub] ica- tion of Notice Inviting Bids Nathaniel Trives seconded the motion. John Hemer, Redevelopment Director, and Steve Stern explained the item and responded to questions. Mr. Stern described changes in the attachment to the resolution, the Notice Inviting Bids. Following discussion, the vote was called. Agency members voted as follows: AYES: NOES: ABSENT. Bambrick, Cohen, Reed, Trives, van den Steenhoven, Swink None Scott Mr. Cohen suggested that the publication of the Notice be 10 days, instead of 5, before the date of bid opening and that the Notice be published In additional news- papers. Mr Williams stated that the resolution prOVIdes for a minimum publication, . . . . . Redevelopment Agency/City Council Karch 28, 1978 -2- additional coverage would be attained without amendinq the resolution Since revised copies of the Notice Inviting Bids were expected to arrive by messenger momentarily, Mr. Knickerbocker suggested the meeting be recessed pending their arrival. A recess was taken at 4:27 p.~ Chairman Swink reconvened the meeting at 4:42 p.m. A resolution providing for the Issuance of a S3,700,000 Note to Finance a PortIon of the Cost of the Downtown Redevelopment Project was distributed to Agency members. Mr Cohen moved to approve the resolution, subject to the changes outlined by Mr. Stern Mr. Trives seconded the motion and it was approved by the following vote: AYES: NOES: ABSENT: Bambrick, Cohen, Reed, Trives, van den Steenhoven, Swink None Scott There being no further business, Mr. Trives moved to adjourn the meeting. The motion was seconded by /1rs. Reed and members approved it unanimously by voice vote. Chairman Swink adjourned the meeting at 4:46 p.m.