HomeMy WebLinkAbout08-26-1986 RDAMINUTES
REDEVELOPMENT AGENCY
CITY OF LAKE ELSINORE
130 SOUTH MAIN STREET
LAKE ELSINORE, CALIFORNIA
TUESDAY, AUGUST 26, 1986
1. CALL TO ORDER
The regular meeting of the Redevelopment Agency was called to order
by Chairman Matson at 9:04 p.m.
2. ROLL CALL
PRESENT: BOARDMEMBERS: DOMINGUEZ, MATSON, VERMILLION, WINKLER,
STRIGOTTE
ABSENT: BOARDMEMBERS: NONE
Also present were: Executive Director Molendyk, Agency Counsel Nazarek,
Assistant City Manager Gilbert, Community Development Director Miller,
Administrative Services Director Barrick, Public Services Director
Kirchner and Clerk of the Board Oliver.
3. EXECUTIVE DIRECTOR'S REPORT
A. Mr. Molendyk reported that the storm drain project on Main Street
will begin on Tuesday, September 2, 1986.
B. Report by Agency Counsel regarding issuance of Tax Allocation Bonds.
Resolution No. CRA 86-7 - Approving and authorizing payment of
expenses incident to bond issue.
RESOLUTION CRA 86-7
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE, RIVERSIDE COUNTY, CALIFORNIA, APPROVING
AND AUTHORIZING PAYMENT OF EXPENSES INCIDENT TO ISSUANCE,
SALE AND DELIVERY OF TAX ALLOCATION BONDS IN THE PRINCIPAi
AMOUNT OF $3,600,000 AND AUTHORIZING AND DIRECTING PAYMENT
OF SUCH EXPENSES FROM PROCEEDS OF BONDS ON THE CLOSING DATE.
MOVED BY STRIGOTTE, SECONDED BY DOMINGUEZ AND CARRIED TO ADOPT
RESOLUTION CRA 86-7.
AYES: BOARDMEMBERS: DOMINGUEZ, MATSON, WINKLER, STRIGOTTE
NOES: BOARDMEMBERS: VERMILLION
C. Resolution No. CRA 86-8 - Accepting offer to purchase Tax Alloca-
tion Bonds.
RESOLUTION CRA 86-8
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
LAKE ELSINORE, RIVERSIDE COUNTY, CALIFORNIA, ACCEPTING
OFFER TO PURCHASE TAX ALLOCATION BONDS IN THE PRINCIPAL
AMOUNT OF $3,600,000, SERIES 1986, RANCHO LAGUNA REDE-
VELOPMENT PROJECT AREA NO. II.
Pane two
Re^evelopment Agency Minutes
August 26, 1986
;. EXECUTIVE DIRECTOR'S REPORT - Continued.
C. Tax Allocation Bonds - Continued.
MOVED BY DOMINGUEZ, SECONDED BY STRIGOTTE AND CARRIED TO ADOPT
RESOLUTION NO. CRA 86-8.
AYES: BOARDMEMBERS: DOMINGUEZ, MATSON, WINKLER, STRIGOTTE
NOES: BOARDMEMBERS: VERMILLION
4. UNFINISHED BUSINESS
A. Extension of Exclusive Negotiating Agreement with Krieger -Nunes/
Halferty Development Company on property located at Highway 74
and Central - (Peddlers Village).
Mr. Molendyk reported that the development company has requested
a six-month extension for planning purposes. The property owners
have agreed and staff would recommend approval of the extension.
MOVED BY STRIGOTTE, SECONDED BY WINKLER AND CARRIED TO GRANT
A SIX MONTH EXTENSION TO THE EXCLUSIVE NEGOTIATING AGREEMENT
BETWEEN THE REDEVELOPMENT AGENCY AND KRIEGER-NUNES/HALFERTY
DEVELOPMENT COMPANY, WITH REGARD TO PROPERTY LOCATED AT
HIGHWAY 74 AND CENTRAL, WHICH WOULD EXTEND THE AGREEMENT THROUGH
FEBRUARY 27, 1987.
AYES: BOARDMEMBERS: DOMINGUEZ, MATSON, WINKLER, STRIGOTTE
NOES: BOARDMEMBERS: VERMILLION
5. NEW BUSINESS - None.
6. REPORTS AND RECOMMENDATIONS
Mr. Striaotte asked about the status of Lakepoint Park. Mr. Molendyk
reported that plans are completed for phase 2 and have been submitted
to the County for review for CDBG funding. They have also been
submitted to State Recreation, and Park Department for approval.
MOVED BY STRIGOTTE, SECONDED BY WINKLER AND CARRIED UNANIMOUSLY TO
ADJOURN THE REGULAR MEETING OF THE REDEVELOPMENT AGENCY AT 9:06 P.M.
,JOHN MATSON, CHAIRMAN
REDEVELOPMENT AGENCY
Respectfully submitted,
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