HomeMy WebLinkAbout1997-12-09 - MINUTES - REGULAR RDA (2)bIINUTES OF REGULAR MEETING
CITY OF SANTA CLARITA
REDEVELOPMENT AGENCY
DECEMBER 9, 1997
CALL TO ORDER
Chair Heidt called to order the regular meeting of the Redevelopment Agency at 7:37 p.m.
APPROVAL OF bIINUTES
Motion by Smyth, second by Hlajic, to approve the minutes of June 24, 1997,
July 1, 1997, and August 26, 1997.
Hearing no objections, it was so ordered.
PUBLIC PARTICIPATION
There was none.
RDA 1.
PAYOFF METHOD - LOAN FROM THE CITY OF SANTA CLARITA TO THE SANTA
CLARITA REDEVELOPMENT AGENCY
Assistant City Manager Ken Pulskamp reported that this item is in consideration of a
payback method for the loan from the City to the Redevelopment Agency. The Newhall
Redevelopment Committee and staff are recommending that the Agency approve a payoff
method, which includes an interest rate of the prime rate minus one percent, with loan
payments beginning in the year 2002. Beginning that year, the Agency would use 25% of
the tax increment received per year to payoff the loan.
Chair Heidt elected not to participate on this item based upon a determination that she has
a financial interest in the decision by reason of the ownership by herself or a member of her
immediate family of real property in close proximity to the project.
Vice Chair Darcy conducted this portion of the meeting.
Addressing the Agency on this item was Tom Frew, representing the Redevelopment
Committee and the SCV Historical Society.
Motion by Boyer, second by Smyth, to approve the recommended payoff
method and direct staff to prepare the formal documentation for Council
and Agency consideration at the January 1S, 1998 meeting. The
recommended payoff method includes reducing the interest rate retroactive
to 1994 with payments beginning in the year 2002.
On roll call vote:
Ayes: Boyer, Klajic, Smyth, Darcy
Noes: None
Absent: None
Not Participating. Heidt
Motion carried.
RDA 2.
PROGRAM/PROJECT AUTHORIZATION - NEWHALL REDEVELOPMENT
PROJECT
Assistant City Manager Ken Pulskamp reported that the Newhall Redevelopment
Committee is recommending that the Agency authorize the use of redevelopment
professional services money (not to exceed $100,000) to fund the following
projects/programs: a detailed marketing study on Downtown Newhall, special events
in Downtown Newhall, a fee waiver program for merchants and property owners in
Newhall, and an informational brochure on Downtown Newhall.
Addressing the Council on this item was Tom Frew, representing the Redevelopment
Committee.
Motion by Smyth, second by Darcy, to authorize the
programs/projects identified by the Newhall Redevelopment
Committee for implementation in 1998.
On roll call vote:
Ayes: Klajic, Darcy, Smyth, Boyer
Noes: Heidt
Absent: None
Motion carried.
/:\ I11#111 1003 SSM 9
Chair Heidt adjourned the Redevelopment Agency meeting at 7:52 p.m.
ATTEST:
SECRETARY
MEC9EDA.