HomeMy WebLinkAbout022393 RDA Minutes MINUTES OF A REGULAR MEETING
OF THE TEMECULA REDEVELOPMENT AGENCY
HELD FEBRUARY 23, 1993
A regular meeting of the Temecula Redevelopment Agency was called to order at 8:44 PM.
PRESENT: 5 AGENCY MEMBERS: Birdsall, Mu~oz, Roberts, Stone,
Parks
ABSENT: 0 AGENCY MEMBERS: None
Also present were Executive Director David F. Dixon, General Counsel Scott F. Field and
Agency Secretary June S. Greek.
PUBLIC COMMFNTS
None given.
AC,!=NCY BUSINFSS
1. Minutes
It was moved by Member Birdsall, seconded by Member Roberts to approve the minutes
of February 2, 1993.
The motion was unanimously carried.
Resolution ADDroving Issue of Tax Allocation Ronds
Finance Officer Mary Jane McLarney presented the staff report.
It was moved by Member Birdsall, seconded by Member Roberts to approve staff
recommendation as follows:
2.1
Adopt a resolution entitled:
RESOLUTION NO. RDA 93-01
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA AWARDING THE $17,355,000 1993 TAX ALLOCATION BONDS,
SERIES A, TO THE BEST BIDDER AND REJECTING ALL OTHER BIDS,
APPROVING THE EXECUTION AND DELIVERY OF A TRUST INDENTURE,
APPROVING THE FORM OF OFFICIAL STATEMENT, AND AUTHORIZING
CERTAIN ACTIONS IN CONNECTION THEREWITH
The motion was unanimously carried.
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Temeo]la Redevelopment Agency Minutes
1993
February 23,
Combining Balance Sheet as of December 31. 1999 and Statement of Revenues.
Fxl~enditures and Changes in Fund Ralance for the Six Months Fnded December 31.
It was moved by Member Birdsall, seconded by Member Stone to approve staff
recommendation as follows:
3.1
Receive and file the Combining Balance Sheet as of December 31, 1992
and the Statement of Revenues, Expenditures and Changes in Fund
Balance for the Six Months Ended December 31, 1992.
The motion was unanimously carried.
FXFCUTIVF nlRIrCTOR'S RIFPORT
Executive Director Dixon reported that a very favorable bid was received for the Redevelopment
Agency bond issue at a rate of 5.56%. He thanked Finance Officer Mary Jane McLarney and
her staff for their outstanding work in this area.
G!:Nr:RA! COUNSFI_'S RFPORT
None given.
AGFNCY MFMBFRS R!:PORTS
Member Birdsall asked for a consensus to instruct staff to check with those involved in the
Redevelopment Agency law suit to see if the plaintiffs would be in favor of removing the
limitations on tax increment revenues called for in the stipulated judgement.
A straw vote was taken with Member Birdsall and Member Parks in favor of looking into the
matter and Members Mufioz, Roberts and Stone voting against, stating they feel it is too early
in the process to request such action.
RDA_MI~022393 -2- 10/30/96
Temeeula Redevelopment Agene~ Minutes Febr-ary 23,
1993
ADJOURNMFNT
It was moved by Councilmember Stone, seconded by Mayor Mufioz to adjourn at 9:00 PM. The
motion was unanimously carried.
Ronald J. Parks, Chairperson
ATTEST:
[SEAL]
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