RDA MINS 19960604 MINUTES
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
REGULAR MEETING
JUNE 4, 1996
The meeting was called to order at 8:40 P.M. by Chairwoman Marilyn Lyon, the City
Council meeting having been recessed to conduct the business of the Agency.
Present: McTaggart, Byrd, Ferraro, Hollingsworth, and Chair Lyon.
Absent: None
APPROVAL OF AGENDA:
Member Byrd moved, seconded by Member Ferraro to approve the agenda as
presented. Motion carried.
APPROVAL OF CONSENT CALENDAR:
Member McTaggart moved, seconded by Member Byrd to approve the Consent
Calendar as follows:
Minutes
Approved minutes of of March 16 and May 7, 1996.
Investment Policy - Fiscal Year 1996-97 (602 x 1900)
Adopted the investment policy for the City of Rancho Palos Verdes for the 1996-97
Fiscal Year.
Register of Demands (602 x 1900)
Adopted Resolution No. RDA 96-08.
The motion to approve the Consent Calendar carried on the following roll call vote:
AYES: McTaggart, Byrd, Ferraro, Hollingsworth, and Chair Lyon
NOES: None
# ## # # #
PUBLIC HEARING:
Redevelopment Agency Annual Budget for Fiscal Year 1996-97 (602 x 1900)
Executive Director Bussey presented the staff report of June 4 and the
recommendation that the Agency adopt the proposed resolution adopting the
Operating and Capital Improvement Budget for Fiscal Year 1996-97 which begins July
1, 1996.
Lois Larue read a letter on behalf of Jack Downhill, 20 Vanderlip Drive, protesting the
proposed budget for Fiscal Year 1996-97. (Mr. Downhill's letter is on file with the
Agency Secretary's Office.)
Speaking in favor of including these projects in the budget were Jesus Gutierrez ,44
Cinnamon Lane, and Chris Haber, 11 Plumtree.
After discussion of the capital improvement projects, the significant cost of these items,
and the status of negotiations with the County of Los Angeles concerning the terms of
the Landslide Settlement Agreement, it was the consensus to remove the capital
improvement projects from this proposed budget.
Adjournment: At 9:20 P.M. the meeting adjourned on motion of Member McTaggart.
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Attest:
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Agency Secretary
n:city clerk\minutes\06496rdm
RDA Minutes
June 4, 1996
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