RDA MINS 19990803 MINUTES
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
REGULAR MEETING
AUGUST 3, 1999
The meeting was called to order at 10:25 P.M. by Chair Hollingsworth at Fred Hesse
Community Park, 29301 Hawthorne Boulevard.
PRESENT: Byrd, Ferraro, Lyon, McTaggart, Byrd, and Chair Hollingsworth
ABSENT: None
Also present were Executive Director Les Evans; Assistant Executive Director Carolynn
Petru; Agency Attorney Carol Lynch; Planning, Building & Code Enforcement Director
Joel Rojas; Director of Public Works Dean Allison; Accounting Manager Matt Burton;
Director of Administrative Services/Agency Secretary Jo Purcell; and, Recording
Secretary Jackie Drasco.
APPROVAL OF AGENDA
Member Ferraro, seconded by Member McTaggart, to approve the Agenda. Motion
carried.
APPROVAL OF CONSENT CALENDAR
Member Ferraro moved, Member McTaggart seconded, to approve consent calendar
as follows:
Minutes (301 X 1900)
Approved the minutes of July 6, 1999.
Resol. No. 99-13 - Register of Demands (602 X 1900)
Adopted Resol. No. RDA 99-13 -A RESOLUTION OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY ALLOWING CERTAIN CLAIMS AND DEMANDS AND
SPECIFYING FUNDS FROM WHICH THE SAME ARE TO BE PAID.
The motion to approve the Consent Calendar carried on the following roll call vote:
AYES: Byrd, Ferraro, Lyon, McTaggart, and Chair Hollingsworth
NOES: None
# # # # # # # # # # #
REGULAR BUSINESS:
PORTUGEUSE BEND CLUB LOAN (1101 X 1900)
City Manager Evans presented the staff report of August 3, 1999 and the
recommendation to (1) Approve the proposed Construction Loan Agreement and
authorize the Chairman to execute the agreement on behalf of the Agency. In addition,
authorize the Executive Director to make changes to this Agreement as reasonably
necessary to implement the intent of the Agreement, provided that such changes do not
increase the loan amount, the terms of repayment, or the other material terms of the
Agreement, and empower the Agency's Executive Director to grant the various
approvals anticipated by this Agreement (such as approval of the forms of the
promissory note and the deed of trust, and the construction contract. (2) Authorize the
Executive Director to accept another entity as the intermediary if for some reason Bay
Cities National Bank cannot perform. The bank will be involved in the transaction only
for an instant, and the identity of the entity has little relevance to the overall
transaction. (3) Approve the proposed loan agreement whereby the City will loan an
additional $250,000 to the Portuguese Bend fund of the Redevelopment Agency. (4)
Rescind approval of the prior agreement with the Association so that there is no
confusion regarding which agreement is effective.
Timi Hallum, attorney for the Portugeuse Bend Club, apologized for the request for
additional funds and thanked the Council for its support, describing the public benefit of
stablizing the soil in the area by replacing the septic system with sewers.
Lois Larue, 3136 Barkentine Road, expressd her opposition to the interest free loan.
Member Byrd moved, seconded by Member Lyon to 1) approve a financial arrangement
by which the Rancho Palos Verdes Development Agency will provide financial
assistance to the Portuguese Club Homeowners Association to enable the Association
to design and construct a private sewer system, which will assist in preventing water
from private septic systems from entering the landslide that affects that area, and
authorize the Agency Chair and the Agency Secretary to sign the necessary documents
after they have been reviewed and approved by the City Manager and the City
Attorney and (2) Approve an additional loan of$250,000 from the City to the
Portuguese Bend fund of the RDA.
The motion carried on the following roll call vote:
AYES: Byrd, Ferraro, Lyon, McTaggart, and Chair Hollingsworth
NOES: None
RDA Minutes
August 3, 1999
Page 2
ADJOURNMENT
At 10:37 P.M., the meeting was adjourned on motion of Chair Hollingsworth.
Chit
Attest:
4114 LadVaL0
AS ncy Secretary
19990803RDA.MIN
RDA Minutes
August 3, 1999
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