M-8/13/1968 (3)
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REDEVELOPMENT AGENCV
OF THE
C ITV OF SANTA MONIcA. CALIFORNIA
August 13. 1968
4:30 p.~j.
The Redevelopment Agency of the City of Santa Monica, California, met in
regular session in the City Council Chambers, on August 13, 1968, at 4:30 P.M.
PRESENT:
MEMBERS: J. Lee Schimmer, Chairman
B. Thomas Barnard, entered at 4:42 P.M.
Ted fach
L. Wayne Harding
Mortimer T. Richey
Philip E. Whiting
ABSENT:
MEMBERS: Clifford connelly
ALSO PRESENT:
Eugene B. Jacobs, General Counsel
Arnie Friedman, Evening Outlook Reporter
Grace Thomas, Executive Director-Secretary
Gary G. Jones, Assistant Executive Director
May Palfrey, Stenographer
APPROVAL Of MINUTES:
The minutes of July 9. 1968 and July 19, 1968
were approved as mailed.
APPROVAL, OF BILLS:
The Secretary review-ed the bills as follows:
Shuirman-R~~oway & Associates -
Engineering Consulting Services
$636.25
John Gray - Financial Consulting
Services ...........
. $370.00
. . $393.75
Eu~ene B. Jaco~~ - Legal Services .
Standard Bui Iding Wrecktng Company -
Demolition Contract No.7 .n. . . .
. $4,140.00
TOTAL BILLS. .
. . ~5?540.00
Mr. Richey moved, seconded by Mr. Fech, that the bil Is be paid as
submitted, In the amount of $5,540.00. The motion carried with the follow-
ing roll call vote:
AVES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEMBERS:
Schimrner, Fach, Harding, Richey, Whiting
None
Barnard, Conne Ily
p'ROJECT ACTIONS AND REPORTS:
ProJect I(a):
Offer to Purchase, Portion of Tax Allocatio~ Bonds
The Secretary submitted to the Members an offer from the firm of Stone &
Youngberg to sell a $5,000'Tax Allocation Bond at a price not to ~xceed 85i.
Mr. Harding moved, seconded by Mr. Richey, that the Secretary-Treasurer be
authorized to purchase the $5,000 Tax Allocation Bond at a price not to exceed
851 plus accrued interest to the date of delivery. The motion carried with
the following roll call vote:
AVES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEMBERS:
Schimmer, Fach, Harding, Richey, Whiting
None
Barnard, Connelly
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Minutes ~ 8/13/68
Page Two
project l(a):
Audit of Tax Alloca,tion Bond Issue
The Secretary stated that the Agency is required to have an audit of
the Tax Allocation Bond Issue prepared annually by a Certified Public
Accountant. She recommended that the Members accept the proposal from the
Harry L. Nourse Audit Company to prepare this audit at the same hourly rates
as quoted last year. and not to exceed $850.00. Mr. Whiting moved, seconded
by Mr. Richey, that the Secretary be authorized to accept the proposal from
the Harry L. Nourse Audit Company to audit the Tax Allocation Bond Issue for
a fee not to exceed $850.00., The motion carried with the following roll call
vote:
AYES:
NOES:
ABSENT:
Schimmer. Fach, Harding, Richey, Whiting
None
Barnard, Connelly
MEMBERS:
MEMBERS:
MEMBERS:
Project I(a):
Ffnapcial Statement on Golf Course
The Secretary stated that Kern County Land Company had submitted to the
Agency a Profit and Loss Statement on the Golf Course for the period 7/1/67
through 6/30/68, but that said statement had to be corrected; she, therefore,
requested that this item be tabled until the statement was resubmitted by
Kern County Land Company.
Mr. Barnard entered at 4:42 P.M.
Mr. Harding suggested that the statement be certified by a Certified
Public Accountant before resubmission to the Agency. The Members agreed to
table this matter until the next regularly scheduled meeting.
Project qa):
Balance Sheet and 6_udget Report
The Secretary submitted the Balance Sheet and the Budget Status Report,
both for the period ending June 30, 1968, and stated that the Budget Report
reflected the new budget which was recently approved through the Amendatory
Contract.
Project I(a):
Ninth Series A Preliminary Loan Notes
The Secretary announced that the low bidder for the purchase of the
Ninth Series A Preliminary Loan Notes in the amount of $4,360.000 was the
Security Pacific National Bank at an interest rate of 2.79 per cent and a
premium of $4.00. She added that the award of the Notes had been approved
by HUD.
Project J (b) :
Resolution Authorizing Execution of Third Amendatory Loan
aryd Grant Contract
The Secretary stated that HUD had approved the Third Amendatory Loan
and Grant Contract. Increasing the Federal Capital Grant and Project
Temporary Loan by $326,459, and had also approved the Non-Cash Grants-in-Aid
covering the cost of construction of Barnard Way. Mr. Harding moved, seconded
by Mr. Richey, that Resolution No. 266 (R.A.S.), '~ RESOLUTION APPROVING AND
PROVIDING FOR THE EXECUTION OF A THIRD AMENDATORY CONTRACT AMENDING LOAN AND
GRANT CONTRACT NO, CALIF, R-44(LG) BY A~D BETWEEN THE REDEVELOPMENT AG~NCY OF
THE CITY OF SANTA MONICA AND THE UNITED STATES OF AMERICA", be adopted and
that further reading be waived. The motion carried with the following roll
ca II vote:
AYES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEM13ERS:
Schimmer, Barnard, Fach, Harding, Richey, Whiting
None
Conne Ily
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Minutes - 8/13/68
Page Three
Project I(b);
Resolution Amending Resolution No. 121, Authorizin9 th~
Issuance of Certain Project Temporary Loan Notes
Mr. Barnard moved, seconded by Mr. Richey, that Resolution No. 267 (R.A.S.).
'~ RESOLUTION AMENDING RESOLUTION NO, 121 (RIA.S.), AUTHORIZING THE ISSUANCE
OF CERTAIN PROJECT TEMPORARY LOAN NOTES IN CONNECTION WITH URBAN RENEWAL PRO-
~ECT NO, CALIF, R-44 AND PROVIDING FOR THE SECURITV FOR THE PAVMENT THEREOF,
AND OTHER PURPOSES_", be adopted and that further reading be waived. The
motion carried with the following roll call vote;
AYES:
NOES:
ABSENT :
MEMBERS:
MEMBERS:
MEMBERS:
Schimmer, Barnard, Fach, Harding, Richey, Whiting
None
Connelly
Project l(b):
Change Order. Demolition Contract No.7
The Secretary informed the Members that a Change Order to Demolition
Contract No.7 had been issued in the amount of $250.00 for the cost of
removing footings which were uncovered from a building adjacent to the
Security First National Bank building. Upon the Secretary's recommendation,
Mr. Barnard moved, seconded by Mr. Harding, that approval of the change order
to Demolition Contract No.7 in the amount of $250.00 be ratified and that
the Secretary be authorized, under the provisions of subject Contract or as
otherwise permitted by law, to use additional Contract funds, not to exceed
25 per cent ($1,437.00) of the original amount of the Contract for the pur-
pose of removing weeds from the undeveloped area in projects 1 (a) and I(b).
The motion carried with the following roll call vote:
AYES:
NOES:
ABSENT:
Schimmer, Barnard, Fach, Harding, Richey, Whiting
None
Conne Ily
MEMBERS:
MEMBERS:
MEMBERS:
Project I (b) :
Balance Sheet and Budget Report
The Secretary submitted the Balance Sheet and the Budget Status Report
for the period ending June 30, 1968 to the Members for review.
GENERAL:
National Urban Renewal Workshop
The Secretary informed the Members of the National Renewal Workshop
to be held in Minneapolis, on September 25, 26 and 27. Mr. Harding moved,
seconded by Hr. Richey, that the Executive Qlrector and two Agency Members
be authorized to attend the National Renewal Workshop on Minneapolis. The
motion carried with the following roll call vote:
AVES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEMBERS:
Schimmer, Fach, Harding, Richey, Whiting
Barnard
Conne Ily
Equal Employment Opportunity - AffirmatIve Action proqram
The Secretary resubmitted the Affirmative Action Program to the Members
for their review and approval, and explained that this program set forth
certain policies regarding employment practices and contract procedures.
The General Counsel stated that the Agency was not required to adopt this
program at this time, but that it would become mandatory in the future.
Mr. Barnard moved, seconded by Mr. Richey, that this item be tabled until
the meeting with the HUD representatives. The motion carried with the
following roll call vote:
AYES:
NOES:
ABSENT:
MEMBERS:
MEMBERS:
MEMBERS:
Schimmer, Barnard, Fach, Harding, Richey, Whiting
None
Conne lly
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Minutes - 8/13/68
Page Four
10ur of Santa Mo~ica Shores
The Secretary informed the Members of a tour of Santa Monica Shores
to be held on August 15,at 3:00 P.M., for savings and loan representatives
from Brazil and invited the Members to attend if their schedule permitted.
Mr. Barnard suggested that the Agency meet once a month, rather than
two times, and also suggested that the time be changed. Discussion followed,
in which the Members agreed to hold one meeting a month on the third Tuesday,
at 4:30 P.M.
There being no further business to be brought before the Members,
Mr. Richey moved, seconded by Mr. Fach, that the meeting be adjourned.
The motion carried with a unanimous voice vote.
The meeting adjourned at 5:35
p~,~
Grace Thomas
Secretary
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