M-5/28/1985 (2)
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CITY OF SANTA MONCIA
REDEVELOPMENT AGENCY MINUTES
MAY 28, 1985
A meeting of the Redevelopment Agency was called to order by
ChaIrperson Reed at 7:42 P.M.
Roll Call: Present: ChaIrperson Chrlstlne E. Reed
ChaIrperson Pro Tempore WIllIam H. JennIngs
Agency Member James P. Conn
Agency Member Ken Edwards
Agency Member DavId G. EpsteIn
Agency Member Herbert Katz
Agency Member DennIS Zane
Executive DIrector John Jallll
Agency Attorney Robert M. Myers
Acting Agency Secretary Dan M. Suzewitz
RA-1: AFFORDABLE HOUSING SITES: Presented was a staff report
recommendIng the ExecutIve Director of the Redevelopment Agency
be authorIzed to execute documents necessary to release funds for
the purchase of 2323 Fourth Street on behalf of AlternatIve
LIving for the Aging, and to allocate funds for necessary
predevelopment expenses. DIScussion was held. Agency Member
Epstein moved to approve the staff recommendatlon, thereby
authorIzIng the ExecutIve DIrector to (1) purchase the property
at 2323 Fourth Street; (2) release up to $20,000 to AlternatIve
LIving for the AgIng to cover predevelopment costs for the senIor
congregate hOUSIng proJect; and (3) negotIate, accept and execute
a Promissory Note, Deed of Trust and Regulatory Agreement
IncorporatIng the terms descrIbed in the staff report dated May
28, 1985, and to transfer ownership of the property at 2323
Fourth Street and release the remaInIng funds upon receIpt of a
fIrm fInancing commitment from a prIvate lender, as described In
the staff report. Second by Agency Member Zane. DIScussIon was
held. The motIon was approved by the folloWIng vote:
Agency Vote:
Unanimously approved 7-0
RA-2: CITY-WIDE HOUSING ACQUISITION AND REHABILITATION PROGRAM:
Presented was a staff report recommendIng approval of use of
funds from CitY-WIde hOUSIng acqUISItion and rehabIlItatIon
program. DIScussIon was held. Agency Member Conn moved to
approve the staff report, thereby apprOVIng the use of CItY-WIde
HOUSIng AcqUISItIon and RehabilItatIon Program funds for the
relocatIon and rehabIlitation of thIrty-two unIts as descrIbed In
the staff report dated May 28, 1985, and authorIZIng the
ExecutIve Director to execute all necessary loan documents and to
release loan funds of $510,000. Second by Cha Irperson Reed.
DIScussion was held. The motIon was approved by the following
vote:
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May 28, 1985
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Agency Vote:
UnanImously approved 7-0
ADJOURNMENT OF REDEVELOPMENT AGENCY
Agency Member EpsteIn moved to adJourn
MeetIng. Second by Agency Member Conn.
by unanImous vote.
ATTEST:
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'-..--tYt''--Tl I t ,--o/fL...Ii "(--t.........
Ann M. Shore
Secretary
MEETING: At 7:52 P.M.,
the Redevelopment Agency
The motIon was approved
APPROVED:
Ch--Lk ~
/' ChrIstIne E. Reed
Chairperson
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May 28, 1985