M-7/19/1968 (2)
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REDEVELOPMENT AGENCY
OF THE
CITY OF SANTA MONICA, CALIFORNIA
July 19, 1968
2:00 P.M.
The Redevelopment Agency of the City of SantB Monica, California, met in
Special Session in Room 217 of the City Hall, on July 19, 1968, at 2:00 P.M.
The Secretary reported that a Notice of Special Mee~in9 had been mailed to
each Member, as required by Article III, Section 3, of the By~laws.
PRESENT:
MEMBERS: J. lee Schlmmer, Chairman
B. Thomas Barnard, entered at 2:25 P.M.
Ted Fach
L. Wayne HardIng
Morttmer T; Richey
ABSENT:
MEMBERS: ClIfford Connelly
Philip E. Whiting
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
PROJECT ACTIONS AND REPORTS:
",roject I(a):
Resolution No. 264 (R,A.S.) Approvin~ Third Amendatory
Loan BQd Grant Contract
The Secretary requested approval of Resolution No. 264 (R.A.S.),
approving the ThIrd Amendatory loan and Grant Contract. She explained
that the purpose of this Amendatory loan and Grant Contract Is to Increase
the Project Temporary Loan, the Project InspectIon Fee and the Non-Cash
Grants-in-Aid; to decrease the Relocation Grant; and to change the Project
Temporary loan interest rates. Mr. Richey moved, seconded by Mr. Harding.
that Resolution No. 264 (R.A.S.), I~ R~SOLUTION OF THE" REDEVELOPMENT AGENCY
OF THE CITY OF SANTA MONICA, APPROVING AND PROVIDING FOR THE EXECUTION OF
A THIRD AMENDATORV CONTRACT AMENDING LOAN AND GRANT CONTRACT NO, CALIF.
R-37(lG), BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA
AND THE UNITED STATES OF AMERICA", be adopted and approved. The motion
carried with the followIng roll call vote:
AVES:
NOES:
ABSENT~
MEMBERS:
MEMBERS:
MEMBERS:
Schlmmer, Fach, Harding, Richey
None
Barnard, Connelly, Whiting
project 1(41):
Resolution No. 265 Authorizin9 Issuance of Certain
Temporary Loan Notes
The Secretary stated that as a result of the increase to the Project
Temporary Loan availability by the Third Amendatory Loan and Grant Contract,
it was necessary to amend the "flasic Note Resolution" authorizing the
Issuance of Project Temporary Loan Notes. Mr. Harding moved, seconded by
Mr. Richey, that Resolution No. 265 (R.A.S.), .~ RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF SANTA MONICA, CALIFORNIA, AMENDING
~ESOLUTION NO. ~5 (R.A.S~) AUTHORIZING THE ISSU!\NCE OF CERTAIN PROJECT
TEMPORARY LOAN NOTES IN CONNECTION WITH URBAN RENEWA~ PROJECT NO. CALIF. R~37
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ninutes - 7n9/6fJ .
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pase 2
.:.:.,jD PF,QVIIH7IJGJOR THE SECURI''''Yf~o IHE PAYI~f:NTTHtREOf. Ar~D FOR_OTIiER
yUR?OSES", be adopted and approve~. The motion carried with the followln~
rol I call vote:
AVES:
NOES:
t.BS~NT:
MEMBERS:
MEMBERS:
MEMBERS:
Schlmmer. Fach. Harding. Richey
None
Barnard, Connelly, Whiting
Mr. Barnard entered at 2:25 P.M.
Mr. Barnard ~ved, seconded by Mr. Harding. that the meeting be adjourneJ.
At 2:35 P.M., Mr. Harding moved, seconded by Mr, Barnard, that the
Members hold a Personnel Session. fa. Jacobs, l'Irs. Thomas and Mr. Jones
left the meeting.
At 3:05 P.M.. Mrs. Thomas was asked into the Personnel Session and at
3:25 P.M" the Personnel Session was concluded and the Special Meeting of
the Agency resumed, Mr. Harding moved, seconded by Mr. Richey, that all
employees of the Redevelopment Agency be granted a 5.4% grade increase
effective Juiy 1, 1968. The motIon carried with the fOllowing roll call v~~e
AVES:
~~OE S :
ABSENT:
MEMBERS:
MEMeERS:
MEMBERS:
Schimmer. Barr.Erd, Fach, Harding, Richey
None
Connelly. Whiting
There being no further busIness to be brought before the Members,
Mr. Richey moved. seconded by Mr. Harding, that the meeting be adjourned.
The motion carried with a unanimous voice vote. The meeting adjourned
at 3:30 P.M.
Ldr~~
Grace Thomas
Secretary