M-10/9/1984 (3)
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CITY OF SANTA MONICA
REDEVELOPMENT AGENCY MINUTES
OCTOBER 9, 1984
Mayor Edwards called the Special Joint Meeting of the
Redevelopmen t Agency and CIty Counc il to order at 7: 30 P. M. In
the CouncIl Chambers.
Roll Call of Redevelopment Agency
Present: ChaIrperson Ken Edwards
Chairperson Pro Tempore Dolores M. Press
Agency Member James P. Conn
Agency Member DavId G. EpsteIn
Agency Member WillIam H. Jennlngs
Agency Member Christine E. Reed
Agency Member Dennls Zane
Acting Executive Director John Jallll
Agency Attorney Robert M. Myers
Agency Secretary Ann M. Shore
Roll Call of Clty Council
Present: Mayor Ken Edwards
Mayor Pro Tempore Dolores M. Press
Councilmember James P. Conn
Councilmember DavId G. EpsteIn
Councllmember WillIam H. Jennings
Councilmember ChristIne E. Reed
Councllmember DennIs Zane
Acting City Manager John Jallli
CIty Attorney Robert M. Myers
City Clerk Ann M. Shore
Mayor Pro Tempore Press led the assemblage in the pledge of
allegiance to the UnIted States of AmerIca. Reverend Ron Norris,
The LIghthouse, offered the Invocation.
CC/RA-1: OCEAN PARK REDEVELOPMENT TAX ALLOCATION BONDS:
Presented was a staff report recommendIng adoption of a
Redevelopment Agency resolution awarding $5,7000,000 bonds to the
best bIdder and a City Council resolutIon approving the Issuance
of $5,700,000 pr Inclpal amount of tax allocation bonds of the
Redevelopment Agency to fl'1anCe portions of the cost of the
redevelopment proJect known as Ocean Park Redevelopment ProJects
Nos. 1 (A) and 1 (B) . DISCUSS lon was held. Agency Member Conn
moved to adopt Resolution No. 393 (RAS) enti tIed: "A RESOLUTION
OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA AWARDING
$5,700,000 BONDS OF SAID AGENCY TO THE BEST BIDDER (E.F. Hutton &
Co., Inc.), AND REJECTING ALL OTHER BIDS," readIng by tItle o'1ly
and walving further reading thereof. Second by ChaIrperson
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October 9, 1984
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Edwards. The mot1on was approved by the following vote:
Agency Vote:
Aff1rmat1ve:
Members Conn, Jennings, Press,
Reed, Zane and Cha1rperson Edwards
Negative:
Member Epstein
Member Epste1n requested the record to reflect that h1S no vote
1S because he does not bel1eve that all of the underlYIng
expend1tures are either necessary or prudent.
Councllmember Conn moved to adopt Resolution No. 6922(CC5)
entitled: "A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
MONICA, CALIFORNIA, APPROVING THE ISSUANCE OF $5,700,000
PRINCIPAL AMOUNT OF TAX ALLOCATION BONDS OF THE REDEVELOPMENT
AGENCY OF THE CITY OF SANTA MONICA TO FINANCE PORTIONS OF THE
cas T OF REDEVELOPMENT PROJECTS NOS. 1 (A) AND 1 (B) ," read i ng by
title only and walvlng further readIng thereof. Second by Mayor
Edwards. The motion was approved by the following vote:
Council Vote:
Councilmembers Conn,
Press, Reed, Zane and
Edwards
Jennings,
Chairperson
Affirmative:
Negative:
Councllmember Epstein
Councllmember Epstein requested the record to reflect that hIS no
vote IS because he does not belIeve that all of the underlYIng
expend1tures are either necessary or prudent.
ADJOURNMENT: At 7:46 P.M., ChaIrperson Edwards moved to adjourn
the Redevelopment Agency meeting. Second by Agency Member
Epstein. The motion was approved by unanimous vote.
ATTEST:
APPROVED:
Ann M. Shore
Secretary
Ken Edwards
Chairperson
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October 9, 1984