RDA MINS 19940621 M I N U T E S
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
REGULAR ADJOURNED MEETING
JUNE 21, 1994
Following the City Council meeting, the meeting of the City of
Rancho Palos verdes Redevelopment Agency was called to order by
Chairman Kuykendall.
PRESENT: BYRD, McTAGGART, LYON, BROOKS, AND CHAIR KUYKENDALL
ABSENT: NONE
Also present were Executive Director Paul D. Bussey, Assistant
Executive Director Pamela Antil, Director of Public Works Trent
Pulliam, Director of Planning Bret Bernard, Agency Secretary Jo
Purcell, and Agency Attorney Carol Lynch.
APPROVAL OF AGENDA:
Member Byrd moved, seconded by Member Brooks to approve the agenda
as presented. Motion carried.
APPROVAL OF CONSENT CALENDAR:
Lois Larue, 3136 Barkentine Rd. , spoke to the minutes, the
investment policy and the loan agreement.
Member Brooks moved, seconded by Member McTaggart to amend the
investment policy to match that of the City's as advised by the
Agency Attorney and to approve the consent calendar as follows:
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 June 8, 1994.
INVESTMENT POLICY FOR FY 1994-95
(602 x 1900)
Adopted as amended by deleting Union Bank and adding Wells Fargo
Bank to the investment policy for the Redevelopment Agency for
Fiscal 1994-95.
LOAN AGREEMENT BETWEEN THE CITY
AND RDA FY 1994-95
(602 x 1900)
Authorized the Agency Chairman and the Agency Secretary to execute
the loan agreement between the City and the RDA to fund
Redevelopment Agency activities for Fiscal Year 1994-95 for the
Portuguese Bend RDA fund. (The proposed loan will fund RDA
activities in the amount of $300, 000 in FY 1994-95. )
The motion to approve the Consent Calendar carried on the following
roll call vote:
AYES: BYRD, McTAGGART, LYON, BROOKS, AN CHAIR KUYKENDALL
NOES: NONE
# # # # # # #
RESOL. NO. RDA 94-7 ANNUAL BUDGET
FY 1994-95 (602 x 1900)
Executive Director Bussey presented the memorandum of June 21 and
the recommendation that after any further additions or deletions to
the proposed budget document to adopt the proposed resolution for
the operating and capital improvement budget for fiscal year 1994-
95.
Lois Larue, questioned the expenditure on certain capital projects
in the Abalone Cove landslide area.
Member Byrd moved, seconded by Member McTaggart to ADOPT RESOL. NO.
RDA 94-7 ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR
FISCAL YEAR 1994-95. The motion carried on the following roll call
vote:
AYES: • BYRD, McTAGGART, LYON, BROOKS AND CHAIRMAN
KUYKENDALL
NOES: NONE
PORTUGUESE BEND SEWER SYSTEM
(1204 x 1900)
Project Engineer Cathy Rosen of Charles Abbott & Associates
presented the memorandum of June 21 and the recommendation to
confirm previous direction to staff to contact all 29 property
owners that have developed property in Portuguese Bend that were
included in the sewer system design to determine if they would
support formation of a sewer assessment district to construct house
RDA MINUTES
JUNE 21, 1994
PAGE 2
laterals to their residences if the RDA were to pay for the cost of
the sewer main line.
Board concerns focused on the cost to property owners for hooking
up to the main line.
Lois Larue, spoke in opposition to the residents paying for this
hook-up.
Member McTaggart moved, seconded by Member Byrd to adopt the staff
recommendation to confirm previous direction to staff to contact
all 29 property owners that have developed property in Portuguese
Bend that were included in the sewer system design to determine if
they would support formation of a sewer assessment district to
construct house laterals to their residences if the RDA were to pay
for the cost of the sewer main line. Motion carried.
ADJOURNMENT: At 11:25 P.M. the meeting adjourned on motion of
Chairman Kuykendall.
4:JA L
/ ' Chairman
ATTEST:
41 41 / / 00
'*GENCY SECRETARY
I
RDA MINUTES
JUNE 21, 1994
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