M-5/23/1978 (3)
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RA-353
MINUTES OF THE
REDEVELOPMENT AGENCY
OF THE
CITY OF SANTA MONICA, CALIFORNIA
May 23, 1978
7 30 p.m.
The Redevelopment Agency of the City of Santa Monica met in special session in
the City Hall Council Chamber Tuesday, May 23, 1978. The meeting was called
to order at 7:30 p.m. by Chairman Swink. Roll was called:
PRESENT:
MEMBERS' Donna O'Brien Swink, Chairman
Seymour A. Cohen, Chairman Pro Tempore
John Bambrick
Christine E. Reed
Perry Scott
Nathaniel Trives
Pieter van den Steenhoven
ABSENT:
MEMBERS' None
ALSO PRESENT:
James D Will iams, Executive Director
Richard L. Knickerbocker, City Attorney
Ann Shore, Assistant City Clerk
APPROVAL OF MINUTES
The minutes of the April 11, 1978 and April 18, 1978 meetings were unanimously
approved by voice vote following a motion by Mr. Trives and second by Mr. van
den Steenhoven.
PROJECT ACTIONS AND REPORTS
3Al Downtown Redevelopment Project
Approval of "Assignments of Lease, Rents, Issues and Profits" for $3,700,000
Promissory Note
This item was introduced and then held over, awaiting the arrival of Mr. Steve
Stern of O'Melveny & Myers
3A2 Downtown Redevelopment Project
Proposed Resolution to Issue Bonds
Mr. van den Steenhoven made a motion to adopt the Resolution to Issue Bonds to
Finance the Downtown Redevelopment Project. The motion was seconded by Chairman
Pro Tempore Cohan and approved by the following roll call vote'
AYES:
NOES'
ABSENT
Bambrick, Cohen, Reed, Trives, van den Steenhoven, Swink
Scott
None
GENERAL
4A Appointment of Acting Secretary-Treasurer
A motion was made by Mrs. Reed and seconded by Mr. Trives
Acting Secretary-Treasurer of the Redevelopment Agency of
Monica In the absence of Secretary-Treasurer John Jalil I.
unanimously by voice vote.
to appoint John Hemer
the City or Santa
The motion was approved
Since Mr Stern hac not arrived, it was decided at 7:35 p.m. to continue the meeting
when he arrives. At 9:50 p.m. a motion was nade by Mr Trives to carry Item 3Al
over to the next Redevelopment Agency meeting. A second was given by Mrs. Reed and
the Agency approved the motion unani~ously by voice vote. The meeting was adjourned
at 10.00 p. m