| | | | Tuesday, July 06, 2004 - Minutes
Special and Regular Meeting Minutes 7-6-04
M I N U T E S
SPECIAL MEETING OF THE
WEST COVINA COMMUNITY DEVELOPMENT COMMISSION
JULY 6, 2004
Chairman Miller called to order the special meeting of the West Covina Community Development Commission at 6:15 pm in the City Manager’s Conference Room at City Hall, 1444 W. Garvey Avenue, West Covina.
ROLL CALL Chairman Miller, Vice Chairman Sanderson
Commissioners Hernandez, Wong
Absent: Commissioner Herfert
Others Present: Pasmant, Alvarez-Glasman, Chung, Fields, Lee, Semblantes
PUBLIC COMMENT ON AGENDA ITEMS
Ziad Dabuni of West Covina Medical Group stated that he submitted a proposal to the City to acquire the new Wescove Theatre and the purchase price is based on what the West Covina Medical Group could afford.
CLOSED SESSION Chairman Miller commenced the closed session at 6:18 pm to discuss the following matter:
CONFERENCE WITH REAL PROPERTY NEGOTIATORS
Pursuant to Government Code § 54956.8
Property: 1440 West Covina Parkway
Agency Negotiators: Pasmant, Alvarez-Glasman, Chung, Lee
Negotiating Parties: West Covina Medical Group
Under Negotiation: Both price and terms of payment
The closed session concluded at 6:56 pm.
ADJOURNMENT Chairman Miller adjourned the meeting at 6:56 pm.
M I N U T E S
REGULAR MEETING OF THE
WEST COVINA COMMUNITY DEVELOPMENT COMMISSION
JULY 6, 2004
Chairman Miller called to order the regular meeting of the West Covina Community Development Commission at 9:19 pm in the City Hall Council Chambers, 1444 W. Garvey Avenue, West Covina.
ROLL CALL Chairman Miller, Vice Chairman Sanderson
Commissioners Hernandez (arrived at 9:22 pm), Wong
Absent: Commissioner Herfert
Others Present: Pasmant, Alvarez-Glasman, Fields, Chung, Samaniego, King, Yuasa-Wang, Smilowitz, Bommarito, Dominguez, Bachman, Lee, Wills, Swink, McDonald, McIsaac, Taylor, Morgan, Berry
APPROVAL OF MINUTES The following minutes were approved as presented:
Special meeting of June 15, 2004
Regular meeting of June 15, 2004
CONSENT CALENDAR Treasurer’s Report for the Month of May 2004 (receive & file)
Treasurer’s report of cash balances and investments
Refinancing of Southern California Housing Loan —
Executive Lodge
Recommendation is to adopt the following resolution:
Resolution 574 - RESOLUTION NO. 574 — A RESOLUTION OF THE WEST
re So. Cal. Housing Loan COVINA COMMUNITY DEVELOPMENT COMMISSION APPROVING THE EXECUTION AND DELIVERY OF A MOD-IFICATION AGREEMENT RELATING TO THE AGENCY’S MULTIFAMILY HOUSING REVENUE BONDS (Executive Lodge Apartments) 1998 SERIES C, AUTHORIZING THE RETENTION OF BOND COUNSEL, AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
Discussion Finance Director Bachman responded to questions and comments of Commissioner Wong regarding the Treasurer’s Report.
John Scheuplein John Scheuplein, West Covina resident, reiterated his position that the CDC should have separate meetings from the City Council, include much more public input, and plan projects further into the future.
Commissioner Hernandez arrived at 9:23 pm.
Finance Director Bachman responded to Commissioner Wong’s comments relative to the refinancing of the Southern California Housing loan. He introduced Rick Wittingham of Southern California Housing to clarify his company’s position.
Commissioner Wong wanted the record to reflect that the Exhibit A page contains a title but no information.
Finance Director Bachman stated that it was not attached because it is a boilerplate document of an official statement, a specimen document.
CONSENT CALENDAR ACTION Motion by Wong and seconded by Miller to waive further reading of the resolution and adopt, and to approve all other items on the Consent Calendar. Motion carried by roll call vote:
AYES: Hernandez, Sanderson, Wong, Miller
NOES: None
ABSENT: Herfert
ADJOURNMENT Motion by Wong and seconded by Hernandez to adjourn the meeting at 9:38 pm. Motion carried 4-0.
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