HomeMy WebLinkAbout1995-06-27 - MINUTES - REGULAR MTG (2)MINUTES OF REGULAR MEETING
CITY OF SANTA CLARITA
COMMUNITY RECOVERY AGENCY
JUNE 27,1995
CALL TO ORDER Chairperson Darcy called the Community Recovery Agency meeting
to order at 7:16 p.m.
PUBLIC PARTICIPATION There was no public participation at this time.
CRA 1
Steve Stark, Director of Finance, reported that in March, 1994
COMMUNITY RECOVERY
Council approved a General Fund Promissory Note (credit line) for an
AGENCY EXECUTION OF
amount not to exceed $250,000 to be used for and ultimately receive
A PROMISSORY NOTE
reimbursement for City staff and the operating costs provided to the
WITH CITY OF SANTA
Community Recovery Agency (CRA) during FY93/94. CRA activity
CLARITA RESOLUTION
for FY93494 CRA activity for FY93/94 totaled $250,746. Year end
NO. RDA 95-5
expenditures for FY94195 are estimated at $737,850. Proposed
FY95/96 budget for CRA activity is $502,395. Based on FY94/95 year
end estimates and the proposed FY95/96 budget amount, the CRA
will require an additional Promissory Note (credit line) for an amount
not to exceed $1,250,000 for remaining credit line required to fund
FY93/94 actual expenditures, FT94/95 year end estimates and
FT95/96 proposed budget.
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It was moved by Smyth and seconded by Boyer to adopt RDA 95-5.
On roll call vote:
Ayes: Smyth, Pederson, Heidt, Boyer, Darcy
Noes: None
Excused: None
Absent: None
Resolution RDA 95-5 adopted.
UNFINISHED BUSINESS
While the overall Agency Budget is included within the City Budget
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Document, it is necessary for the Redevelopment Agency to take
REDEVELOPMENT
action to adopt the budget for the upcoming fiscal year.
AGENCY BUDGET 1995/96
The budget proposed for the upcoming fiscal year totals $502,395.
This includes appropriations for items to continue to implement the
City Council's direction regarding the Recovery/Redevelopment
Agency. Therefore, the proposed budget includes funding for the
necessary staff positions as well as continued funding for the Newhall
study. In addition the Recovery /Redevelopment Budget reflects a
proposed $150,000 for legal services associated with ongoing
litigation. Finally, $233,900 is included for anticipated
reimbursement to the General Fund. Reimbursements include
$23,900 associated with apace rental for the agency, $100,000 to
offset the Economic Development efforts associated with space rental
for the agency, $110,000 of funds for salaries and other costs
associated with the Recovery/Redevelopment work effort.
It was moved by Boyer and seconded by Smyth to adopt Resolution
RDA 96-6 authorizing appropriations of the Redevelopment Agency
int he amounts budgeted and the budget be subject to review in 6
months.
On roll call vote:
Ayes: Smyth, Pederson, Heidt, Boyer, Darcy
Noes: None
Excused: None
Absent: None
Resolution RDA 96-6 adopted.
ADJOURNMENT At 7:32 p.m., Chairperson Darcy adjourned to the regular meeting of
the City Council.
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