HomeMy WebLinkAboutRDA Minutes 1992-07-22 Chairman John R. Penna M I N U T E S
Boardmembers:
Jack Drago Redevelopment Agency . 46
Joseph A. Fernekes
Roberta Cerri Teglia Municipal Services Building
~obert Yee
Community Room
July 22, 1992
AGENDA ACTION TAKEN
CALL TO ORDER: (Cassette No. 1) 7:10 p.m. Chairman Penna presiding.
ROLL CALL: Boardmembers present: Drago, Fernekes,
Teglia, and Penna.
Boardmembers absent: None.
AGENDA REVIEW AGENDA REVIEW
Executive Director Armas stated that
there were no changes to the Agenda.
CONSENT CALENDAR CONSENT CALENDAR
1. Motion to approve the Minutes of the Approved.
Regular Meeting of 7/8/92.
2. Motion to confirm expense claims Approved in the amount of $1,337.00.
__ of 7/22/92.
M/S Fernekes/Teglia - To approve the
Consent Calendar.
Carried by unanimous voice vote.
ADMINISTRATIVE BUSINESS ADMINISTRATIVE BUSINESS
3. Resolutions to amend the Agency's Finance Director Margolis stated that the
1991-92 and 1992-93 budgets to adjustments were due to accounting
provide for accounting adjustments, interpretations and cited the following:
_q'~P3 interest advanced from the general
A RESOLUTION APPROVING BUDGET fund to the redevelopment fund; self
AMENDMENT 92-2 TO THE 1991-1992 insurance Gateway interest charges;
OPERATING BUDGET tax increment for downtown area because
of lawsuit finally got funds to pay
A RESOLUTION APPROVING BUDGET schools; and arbitrage rebate on interest
AMENDMENT 93-1 TO THE TO THE 1992- rate on notes.
1993 OPERATING BUDGET
Boardmember Drago questioned the $55,000
assessment by the Internal Revenue
Service.
Finance Director Margolis stated that a
City could not make more money by
investing proceeds.
M/S Yee/Fernekes - To adopt the two
Resolutions.
7/22/92
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AGENDA ACTION TAKEN
- 147
· Resolutions - Continued. RESOLUTION NO. 2-92
RESOLUTION NO. 3-92
Carried by unanimous voice vote.
GOOD AND WELFARE GOOD AND WELFARE
No one chose to speak.
CLOSED SESSION CLOSED SESSION
4. Closed Session for the purpose of The Agency adjourned to a Closed Session
the discussion of personnel at 7:16 p.m. to discuss property nego-
matters, labor relations, property tiations (Homart Development Co.) pur-
negotiations and litigation, suant to GC 54956.8·
RECALL TO ORDER: Chairman Penna recalled the meeting to
order at 7:45 p.m., all Boardmembers pre-
sent, no action was taken.
M/S Drago/Fernekes - To adjourn the
meeting.
Carried by unanimous voice vote.
DJOURNMENT: Time of adjournment was 7:46 p.m.
RESPECTFULLY SUBMITTED, ~P~
taya "~hn R. Penna,~hairman
Redevelopment Agency Re~ev~opment A~ncy
City of South San Francisco City o~ Francisco
The entries of this Agency meeting show the action taken by the Redevelopment Agency to
dispose of an item. Oral communications, arguments, and comments are recorded on tape.
The tape and documents related to the items are on file in the Office of the City Clerk
and are available for inspection, review and copying.
7/22/92
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