HomeMy WebLinkAbout1997-08-26 - MINUTES - REGULAR RDA (2)M 1iUTES OF REGULAR MEETING
CITY OF SANTA CLARITA
SANTA CLARITA REDEVELOPMENT AGENCY
AUGUST 26, 1997
CALL TO ORDER
Chair Smyth called to order the Santa Clarita Redevelopment Agency meeting at 8:06 p.m. All
Agency members were present.
APPROVAL OF MINUTES
Agency consensus to hold over the minutes of the June 24, 1997 and July 1, 1997 meetings
to clarify wording regarding the disqualification of members from participating and voting
on items due to a conflict of interest.
PUBLIC PARTICIPATION
There was no public participation.
RDA 1
ASSIGNMENT AND CONVEYANCE AGREEMENT - RDA 97-11
In the 1991 financing, the Redevelopment Agency acted as a conduit to receive lease payments.
Presently, it is more appropriate that the PFA, rather than the Redevelopment Agency, act as the
conduit to receive lease payments from the City. The City successfully refinanced the PFA
Certificates of Participation resulting in a significant savings.
No requests to speak were submitted on this item.
Motion by Boyer, second by Darcy, to adopt Resolution No. RDA 97-11 approving
a conveyance and assignment agreement in connection with the execution, sale
and delivery of $19,670,000 refunding certificates of participation.
On roll call vote:
Ayes: Boyer, Darcy, Heidt, lGajic, Smyth
Noes: None
Absent: None
Resolution No. RDA 97-11 adopted.
ADJOURNMENT
Motion by Boyer, second by Darcy, to adjourn the meeting at 8:14 p.m..
Hearing no objections, it was so ordered.
9-t�,
Ltd_
C
—XZ'4�6y'z4-
ATTEST:
�-. oav-Q.
SECRETARY
minWaugMrda