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HomeMy WebLinkAboutRDA Minutes 1986-10-08-- MINUTES THE REDEVELOPMENT AGENCY OF THE CITY OF SOUTH SAN FRANCISCO REGULAR MEETING October 8, 1986 TIME: 7:00 p.m. PLACE: Community Room, Municipal Services Building, 33 Arroyo Drive, South San Francisco, California. CALL TO ORDER: Chair Roberta Cerri Teglia called the Redevelopment Agency meeting to order at 7:05 p.m. ROLL CALL: Present: Chair Roberta Teglia; Vice Chair, Mark N. Addiego; Member, Richard A. Haffey; Member, Gus Nicolopulos Absent: Member Jack Drago Also Present: Executive Director, C. Walter Birkelo; Deputy Executive Director, Mark Lewis; Counsel Herman Fitzgerald AGENDA REVIEW: Executive Director Birkelo stated that there was nothing to add nor delete from the agenda. APPROVAL OF It was motioned by Member Haffey, and seconded by Vice Chair BILLS: Addiego that claims as submitted for payment in the amount of $15,224.76 for October 10, 1986, be approved. The motion as made and seconded was regularly carried. APPROVAL OF It was motioned by Vice Chair Addiego and seconded by Member MINUTES: Haffey that the minutes of the Special meeting of August 27, 1986 and the Regular meeting of October 8, 1986 be approved. The motion as made and seconded was regularly carried. SIXTH AMEND- Deputy Executive Director Lewis informed the Board that the MENT TO OPA City did a refinancing, very recently, on the Gateway Bonds GATEWAY: and got a lower interest rate. That interest rate enabled the property owners in the Assessment District to save money. It also enabled the City to benefit from lower interest rates. This amendment of the agreement inserts the ~ lower interest rate into our Owner Participation Agreement with Homart. It was moved by Member Haffey, seconded by Vice Chair Addiego, and regularly carried, that the resolution be adopted. Title of the resolution is: RESOLUTION AUTHORIZING SIXTH AMENDMENT TO THE OWNER PARTICIPATION AND DEVELOPMENT AGREEMENT. ~a-DAY Deputy Executive Director Lewis stated that this is a TENSION: further extension on the Shearwater Owner Participation EARWATER: Agreement which requires them to submit their precise plan. The extension is requested as a result of the pending litigation with the Airport. After discussion, it was moved by Vice Chair Addiego and seconded by Member Nicolopulos that the extension be granted. The motion as made and seconded was regularly carried. CLOSED The Board entered into a closed session at 7:13 p.m. for the SESSION: purpose of litigation update. RECONVENE: The meeting reconvened at 7:16 p.m. Chair Teglia stated that the Board received a litigation update in closes session, no action was taken. GOOD AND Chair Teglia invited members of the audience to speak on WELFARE: issues relating to the Redevelopment Agency. No one spoke. ADJOURNMENT: It was motioned by Member Haffey and seconded by Vice Chair Addiego that the meeting of the Redevelopment Agency be adjourned. The motion as made and seconded was regularly carried. Time of adjournment: 7:17 p.m. ~spectfully submitted, C. Walter BirkeIo Executive Director '~oberta Ce'f~i Tegliaz~Chair //Redevelopment AgenclFof the City of South San Francisco Entries of the Redevelopment Agency meeting show the action taken by the Board to dispose of an item. Oral presentations, arguments, and comments are recorded on tape. The tape and documents related to the item are on file in the office of the City Manager and are available for inspection, review and copying. Page 2 1018/8