HomeMy WebLinkAbout08-06-1986 RDAMINUTES
SPECIAL MEETING
REDEVELOPMENT AGENCY
CITY OF LAKE ELSINORE
130 SOUTH MAIN STREET
LAKE ELSINORE, CALIFORNIA
WEDNESDAY, AUGUST 6, 1986
1. CALL TO ORDER
The regular meeting of the Redevelopment Agency was called to order
by Chairman Matson at 6:38 p.m.
2. PLEDGE OF ALLEGIANCE
The Pledge of Allegiance was led by Boardmember Vermillion.
3. ROLL CALL
PRESENT: BOARDMEMBERS: MATSON, VERMILLION, WINKLER,
ABSENT: BOARDMEMBERS: DOMINGUEZ, STRIGOTTE
Also present were: Assistant City Manager Gilbert, Agency Counsel
Nazarek, Community Development Director Miller, Administrative Services
Director Barrick, City Treasurer Graves and Clerk of the Board Oliver.
4. BUSINESS ITEMS
A. Redevelopment
Agency
Tax Alioocation Bond Issue
- Project Area II
Attorney Nazarek gave an overview of the Bond project and reviewed
portions of the Preliminary Official Statement. He will be bringing
a report back to the Board on Auust 26th regarding the sale of the
bonds which is scheduled for August 25, 1986. Mr. Nazarek explained
that, in order to proceed with the bond issue, it would be necessary
for the Board to adopt three resolutions. These resolutions auth-
orize the issuance of $3,750,000 principal amount of tax allocation
bonds for Rancho Laguna Redevelopment Area No. II, approving
Official Notice of Sale of Bonds and Official Staement and desig-
nating a fiscal agent.
Mr. Nazarek recommended Agency adopt Resolutions CRA 86-4, CRA 86-5
and CRA 86-6 in that order.
MOVED BY WINKLER, SECONDED BY MATSON TO ADOPT RESOLUTION CRA 86-4.
AYES: BOARDMEMBERS: MATSON, WINKLER
NOES: BOARDMEMBERS: VERMILLION
ABSENT: BOARDMEMBERS: DOMINGUEZ, STRIGOTTE
Mr. Nazarek stated there was no point in continuing tonight since
three affirmative votes are required in order to incur any debt
or obligation, or for the Agency to expend any monies.
S. ADJOURNMENT
MOVED BY WINKLER, SECONDED BY MATSON AND CARRIED UNANIMOUSLY TO ADJOURN
THE SPECIAL MEETING OF THE REDEVELOPMENT AGENCY TO THURSDAY, AUGUST 7,
1986 AT 6:30 P.M.
1 OHN MATSON, CHAIRMAN
(-"REDEVELOPMENT AGENCY
Respectfully submitted, O
Jp'Ann Oliver, Clerk of the Board
I%