RDA MINS 19860701 M I N U T E S
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
REGULAR MEETING
JULY 1 , 1986
The meeting was called to order at 7:30 P.M. by Chairman Hinchliffe.
PRESENT: HUGHES, RYAN, McTAGGART, BACHARACH & CHAIRMAN HINCHLIFFE
Also present were Executive Director Donald F. Guluzzy, and Agency Attorney
Dorsey, and Agency Secretary Jo Purcell.
CONSENT CALENDAR
MINUTES Approved the minutes of June 17 on
motion of Member Bacharach, seconded
by Member Hughes.
1986-87 FISCAL YEAR Executive Director Guluzzy reviewed
BUDGET the budgets for the remainder of
Fiscal Year 1986 and Fiscal Year
1987 and 1988 and the various compo-
nents of that budget: General Ad-
ministration, and Administrative/En-
gineering. Included in latter category were: grading, drainage, dewater-
ing, and operations and maintenance for a total amount of $97,925.
The Board inquired about the repayment of City loans to the Agency and re-
quested a list of the Agency debts to the City. Additionally, it was the
consensus of the Board that the item listed as Expenditures (7/1/85 through
4/1/86) for $79,503 be broken down.
The Board also discussed the rationale for using April 1 , 1986 as the date
for financing these expenses rather than the date the Bill approving this
legislation was signed.
The Board then discussed whether this budget should be adopted at this
meeting on whether they should wait for clarification of the expenditures
and the financing date.
703CP/MIN5.1
Member Hughes moved, seconded by Member Ryan to adopt the Agency' s Fiscal
Year 1986-87 budget in concept. The motion carried on the following roll
call vote:
AYES: RYAN, HUGHES & McTAGGART
NOES: BAC HARAC H
ABSTAIN: HINCHLIFFE
# # # # # # # # #
ADJOURNMENT At 7:55 P.M. the meeting adjourned
on motion of Member Bacharach.
I OA,-
. iency 4man
ATTEST:
sir A,AL_ _/"
Agency Secretary
703CP/MIN5.2 -2- July 1 , 1986