| | | | Tuesday, October 02, 2001
-Redevelopment Agency Agenda-
| Date: |
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Tuesday, October 2, 2001 |
| Time: |
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7:00 p.m. |
| Place: |
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Council Chambers
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REGULAR MEETING OF THE REDEVELOPMENT AGENCY WEST COVINA, CALIFORNIA
AGENDA
ROLL CALL:
Wong, Touhey, Herfert, Miller, Sanderson
APPROVAL OF MINUTES:
- Special Meeting of September 18, 2001
- Regular Meeting of September 18, 2001
PUBLIC HEARING
Hearings before the Redevelopment Agency Board are routinely set for 7:00 P.M. There may be reasonable limitations placed on the time for oral testimony at public hearings. Speakers should be prepared to submit additional comments beyond the time limit in writing to the Agency Secretary/City Clerk at or before the time set for the public hearing.
I. JOINT PUBLIC HEARING - APPROVAL OF DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE CITY OF WEST COVINA REDEVELOPMENT AGENCY AND WEST COVINA SENIOR VILLAS, LLC, AND AUTHORIZING THE RETENTION OF CERTAIN PROFESSIONAL FIRMS FOR THE POTENTIAL ISSUANCE BY THE AGENCY OF LOW AND MODERATE INCOME HOUSING FUND TAX ALLOCATION REVENUE BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $12.5 MILLION.
(REFER TO CITY COUNCIL AGENDA ITEM NO. B-4)
The City Council and the Redevelopment Agency Board shall consider a joint public hearing pursuant to Section 33433 Report of the California Health and Safety Code to consider the Disposition and Development Agreement ("DDA") between the Redevelopment Agency and West Covina Senior Villas, LLC ("Telacu Industries and Pacific Development") for the development of an affordable senior housing apartment complex on an approximately 1.66-acre Agency-owned ("Moody") property at 1842 E. Workman Avenue, and authorizing the retention of certain professional firms (the financing team) for the potential issuance by the Agency of low and moderate income housing fund tax allocation revenue bonds not to exceed $12.5 million.
- Verification of Publication
- Open Hearing
- Presentation of Staff Report
- Public Testimony
- Close Hearing
- Board Discussion
- It is recommended that the Agency Board adopt the following resolutions:
RESOLUTION NO. ____ A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF WEST COVINA APPROVING AND AUTHORIZING THE EXECUTION OF THE DISPOSITION AND DEVELOPMENT AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY AND WEST COVINA SENIOR VILLAS, LLC, AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH.
RESOLUTION NO. _____ A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF WEST COVINA AUTHORIZING THE RETENTION OF CERTAIN PROFESSIONAL FIRMS IN CONNECTION WITH THE ISSUANCE BY THE AGENCY OF LOW AND MODERATE INCOME HOUSING FUND TAX ALLOCATION REVENUE BONDS IN A PRINCIPAL AMOUNT NOT TO EXCEED $12,500,000, AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
ACTION: Motion by __________ 2nd by __________
To waive further reading of the resolution(s) and
To Approve ____ Disapprove ____ Hold Over ____
II. CONSENT CALENDAR
All items listed under the consent calendar may be enacted by a single motion without separate discussion. If, however, discussion or a separate vote on any item is desired by an Agency Board member, that item may be removed from the Consent Calendar and considered separately.
A. SMALL BUSINESS ASSISTANCE PROGRAM
Andrews Sporting Goods dba Turner's Outdoorsman (Turner's), applied for a Grant Reinvestment Incentive Program (GRIP) grant for $10,000. The CARE Loan Review Committee denied the application because the applicant does not qualify as a "small business" under the program guidelines. The applicant has submitted a letter of appeal requesting reconsideration (Attachment 1). It is recommended that the Agency Board repeal the CLRC's decision and approve Turner's application for a GRIP matching grant in the amount of $10,000.
B. TREASURER'S REPORT (RECEIVE AND FILE)
Treasurer's report of cash balances and investments.
REPORT FOR THE MONTH OF JULY 2001
ACTION ON THE FOREGOING CONSENT CALENDAR ITEMS:
Motion by __________ 2nd by __________
to approve the items listed.
ROLL CALL: Herfert, Miller, Sanderson, Touhey, Wong
END OF CONSENT CALENDAR
ADJOURNMENT
ACTION: Motion by __________ 2nd by __________
To ADJOURN the meeting at ____ P.M.
NEXT REGULAR MEETING IS OCTOBER 16, 2001
NOTICE TO PUBLIC
THOSE WISHING TO ADDRESS THE AGENCY BOARD ON NON-HEARING ITEMS WILL BE HEARD AT THE SAME TIME AS THOSE ADDRESSING THE CITY COUNCIL UNDER AGENDA COMMUNICATIONS
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