RDA MINS 19930601 M I N U T E S
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
REGULAR MEETING
JUNE 1, 1993
Following the City Council meeting, the Redevelopment Agency
meeting was called to order at 10:25 P.M. by Chair Susan Brooks.
PRESENT: KUYKENDALL, McTAGGART, BACHARACH AND CHAIR BROOKS
ABSENT: NONE
Also present were Executive Director Paul Bussey, Assistant
Executive Director Pamela Antil, Director of Environmental Services
Bret Bernard, Agency Attorney Carol Lynch, and Agency Secretary Jo
Purcell.
APPROVAL OF AGENDA:
The agenda was approved on motion of Member Bacharach, seconded by
Member McTaggart. Motion carried.
CONSENT CALENDAR:
The consent calendar was approved as follows on motion of Member
Bacharach, seconded by Member McTaggart.
Waived reading in full of all ordinances and resolutions
adopted at this meeting with consent to the waiver of reading
deemed to be given by all members after the reading of the
title.
MINUTES
Approved the minutes of April 20 and May 18, 1993 .
REDEVELOPMENT AGENCY INVESTMENT POLICY FOR FISCAL YEAR
1993-94 (1900)
Adopted the investment policy for the Rancho Palos Verdes
Redevelopment Agency for the 1993-94 Fiscal Year.
LOAN AGREEMENT BETWEEN THE CITY AND THE REDEVELOPMENT AGENCY
Removed from the agenda; will be placed on June 15, 1993 agenda.
RESOLUTION NO. RDA 93-11 - REGISTER OF DEMANDS
ADOPTED RESOLUTION NO. RDA 93-11 OF THE RANCHO PALOS VERDES
REDEVELOPMENT AGENCY ALLOWING CERTAIN CLAIMS AND DEMANDS AND
SPECIFYING FUNDS FROM WHICH THE SAME ARE TO BE PAID.
Motion to approve the consent calendar carried on the following
roll call vote:
AYES: KUYKENDALL, McTAGGART, BACHARACH, AND CHAIR BROOKS
NOES: NONE
# # # #
EXECUTIVE DIRECTOR REPORTS:
STATUS OF DIRECTIVES:
No changes were made to the document as presented.
AUDIENCE COMMENTS:
Lois Larue, 3136 Barkentine, inquired about the membership on the
Landslide Subcommittee and questioned how the RDA was going to
repay the City the $2 million loaned for the Portuguese Bend
Landslide.
The Board explained that this loan would be paid out of the tax
increment; that it would require the sale of a certain number of
homes per year; it is not know when that would happen; the money
loaned was a long term arrangement; and, that the City can't get
the money back until all of the liens on personal property in the
area are satisfied.
ADJOURNMENT: The meeting adjourned at 10: 25 by Member Kuykendall.
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AGENCY SECRETARY
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
JUNE 1, 1993
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