RDA MINS 19920601 M I N U T E S
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
REGULAR MEETING
JUNE 1, 1992
The meeting was called to order at approximately 11:45 P.M. by
Chairman McTaggart.
PRESENT: BROOKS, RYAN, KUYKENDALL (left at 12 : 00 A.M. ) ,
BACHARACH AND CHAIRMAN McTAGGART
Also present were Executive Director Paul Bussey, Director of
Environmental Services Dudley Onderdonk, and Agency Attorney
Carol Lynch.
APPROVAL OF AGENDA
Member Brooks moved, seconded by Member Bacharach to approve the
agenda as presented. The motion carried.
APPROVAL OF CONSENT CALENDAR
The consent calendar was approved as follows on motion of Member
Brooks, seconded by Member Bacharach.
Adopted a motion to waive full reading of all ordinances and
resolutions adopted at the meeting with consent to the waiver of
reading deemed to be given by all councilmembers after the
reading of the title.
MINUTES
Approved the minutes of May 19, 1992 .
RESOLUTION NO. RDA 92-11- REGISTER OF DEMANDS
Adopted RESOLUTION NO. RDA 92-11 ALLOWING CERTAIN CLAIMS AND
DEMANDS AND SPECIFYING FUNDS FROM WHICH THE SAME ARE TO BE PAID.
1992-93 BUDGET
Established Tuesday, June 30, 1992 as the date of the public
hearing to adopt the 1992-93 fiscal year budget and directed
staff to publish the notice of public hearing.
REPAYMENT OF ADVANCES TO THE REDEVELOPMENT AGENCY FROM THE
CITY/LOAN AGREEMENT BETWEEN THE RDA AND THE CITY, FY 1991-92
Reduced Abalone Cove interest rate to 7. 362%, authorized
repayment of $787, 340 (in both principal and interest) in loans
made by the City of Rancho Palos Verdes to the Redevelopment
Agency to fund improvements in Abalone Cove, stating that the
above amount will be repaid from County improvement bond
proceeds, leaving a net balance on the loans as a result of this
repayment of $0; and authorizing the Agency Chairman and Agency
Secretary to execute the proposed loan agreement between the
Redevelopment Agency and the City of Rancho Palos Verdes to fund
RDA activities in fiscal year 1991-92 for the Portuguese Bend RDA
fund--the proposed loan will fund RDA activities in the amount of
$165, 000 in FY 1991-92.
(Member Kuykendall excused himself from the meeting at the
midpoint of the above discussion. )
The motion to approve the consent calendar carried on the
following roll call vote:
AYES: BROOKS, RYAN, BACHARACH AND CHAIR McTAGGART
NOES: NONE
ABSENT: KUYKENDALL
ADJOURNMENT
At 12 : 15 A.M. the meeting adjourned on motion of Member Brooks,
seconded by Member Ryan and carried.
01
11, 41
Chair any
ATTEST: 101,
4. 1ency, Secretary
-2- RDA JUNE 1 , 1992