HomeMy WebLinkAbout082394 RDA MinutesMINUTES OF A REGULAR MEETING
OF THE CITY OF TEMECULA
REDEVELOPMENT AGENCY
TUESDAY, AUGUST 23, 1994
A regular meeting of the City of Temecula Redevelopment Agency was called to order on
Tuesday, August 23, 1994, 8:50 P.M. at the Temecula Community Recreation Center,
30875 Rancho Vista Road, Temecula, California, Chairperson Ronald J. Parks presiding.
PRESENT: 5 AGENCY MEMBERS: Birdsall, Mu~oz, Roberts, Stone, Parks
ABSENT: 0 AGENCY MEMBERS: None
Also present were Executive Director Ronald E. Bradley, City Attorney Peter Thorson,
Deputy City Clerk Susan Jones.
PUBLIC COMM!=NT
Therese McLeod, 42200 Main Street, #F128, Temecula, addressed the view expressed by
Councilmember Parks regarding the benefits to the community from the Zev Buffman
proposal. Ms. McLeod asked the City Council to consider approving a binding vote of the
project by the public.
CONS!=NT CAL!=NDAR
Agency Member Roberts removed Item No. 2 from the Consent Calendar.
It was moved by Agency Member Birdsall, seconded by Agency Member Stone to approve
Consent Calendar Item No. 1.
The motion was carried as follows:
AYES:
5 AGENCY MEMBERS: Birdsall, Mu~oz, Roberts, Stone, Parks
NOES:
0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
Combining Balance Sheet as of June 30. 1994 and the Statement of Revenues.
Ex.oenditures and Changes in Fund Balance for the year ended June 30. 1994
RECOMMENDATION:
1.1
Receive and file the Combining Balance Sheet as of June 30, 1994 and the
Statement of Revenues, Expenditures and Changes in Fund Balance for the
year ended June 30, 1994.
1.2
Transfer $15,377 to account 280-199-999-5246 "Legal Services" from
account 280-199-999-5264 "Economic Development".
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TEMFCU! A R!=D!=V!=LOPMENT AG!=NCY MINUTES AUGUST ;~3, 1994
1.3
Transfer $67,236 to account 380-199-999-5231 "Property Tax
Administration Fees" from account 380-199-999-5391 "Interest Expense".
2. Approval of RDA Commercial Small Business Loan
Agency Member Stone stepped down due to a conflict of interest.
Tom Leevers, 28266 Front Street, Temecula, representing the applicants, outlined
the proposed project to be located in a vacant building in Old Town and the requests
by each application; Scarcella's Pizza, in the amount of $120,000 and Ladd Penfold
in the amount of $198,000.
Agency Member Birdsall said she is the Councilmember who sits on the review
committee and although these request exceed the $100,000 cap for RDA small
business loans, after reviewing the package she recommends the City Council
consider them at the higher amount. Agency Member Birdsall added that she feels
all requests should be reviewed on an individual basis.
Agency Member Mu~oz said he is not comfortable approving the loan requests
without changing the policy.
Agency Member Roberts said he also could not support approving the loans for an
amount over the $100,000 cap without allowing the Council time to discuss
changing the policy.
Chairperson Parks agreed with approving the loans for $100,000.
It was moved by Agency Member Mu~oz, seconded by Agency Member Roberts to
approve the Small Business Loan to Scarcella's Pizza and Ladd Penfold in the amount
of $100,000 each.
The motion carried as follows:
AYES:
3 AGENCY MEMBERS: Mu~oz, Roberts, Parks
NOES: 1
AGENCY MEMBERS: Birdsall
ABSENT: 0 AGENCY MEMBERS: None
ABSTAIN: 1
AGENCY MEMBERS: Stone
!=X!=CUTIV!= DIRECTOR'S R!=PORT
Director Bradley advised the Agency the Price Waterhouse Report on the Old Town
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T!::MFCULA R!=D!=V!=LOPMENT AGENCY MINUTES AUGUST ;3, 1994
Temecula Entertainment project will be presenting during a special meeting to be held on
Wednesday, September 7, 1994, 7:00 P.M., at the Temecula Community Recreation Center,
30875 Rancho Vista Road, Temecula, California.
AGENCY MII=MB!=R'S R!=PORTS
None
ADJOURNMENT
It was moved by Agency Member Stone, seconded by Agency Member Roberts to adjourn
at 9:15 P.M. to a special meeting to be held on Wednesday, September 7, 1994, at the
Temecula Community Recreation Center, 30875 Rancho Vista Road, Temecula, California.
Ronald J. Parks, Chairperson
ATTEST:
J ~n e~~r eekcity-~-Clerk/Age'n cCyMsC~ cletar~y~~
[SEAL]
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