HomeMy WebLinkAboutRDA Minutes 1994-11-09 Chairman Joseph A. Fernekes M I N U T E S
Boardmembers:
Jack Drago Redevelopment Agency
John R. Penna
'-"Roberta Cerri Teglia Municipal Services Building
.Robert Yee
Community Room
November 9, 1994
AGENDA ACTION TAKEN
CALL TO ORDER: (Cassette No. 1) 7:30 p.m. Mayor Fernekes presiding.
ROLL CALL: Boardmembers present: Drago, Penna, Teglia, Yee
and Fernekes.
Boardmembers absent: None.
AGENDA REVIEW AGENDA REVIEW
Acting Executive Director Mattel stated there were
no changes to the Agenda.
CONSENT CALENDAR CONSENT CALENDAR
1. Motion to approve Minutes of the Regular Meeting of Approved.
-- 10/26/94.
i Motion to confirm expense claims of 11/9/94. ~'~ 0 '~ Approved in the amount of $4,500.00.
M/S Teglia/Yee - To approve the Consent Calendar.
'~. Carried by unanimous voice vote.
ADMINISTRATIVE BUSINESS ADMINISTRATIVE BUSINESS
3. Report on the financing impact with regard to adopt- Boardmember Penna asked if it was necessary for he
ing an ordinance amending the El Camino Corridor and Boardmember Teglia to step down from the
Redevelopment Plan. ~ ~3 podium during the discussion.
Counsel Mattas stated no, because there is no action
required.
Interim Diretor of Economic & Community Devel-
opment Beyer detailed the staff report: the question
had been raised on whether the proposed amendment
would impact the Agency's ability to generate funds
necessary to meet the City's commitment to under-
ground BART through the City; since the agreement
with BART has not been negotiated, it is difficult to
determine the exact impact of the proposed changes;
there could be "pay as you go" financing or tax
allocation bonds could be issued; etc.
11/9/94
Page 1
AGENDA ACTION TAKEN
._ADMINISTRATIVE BUSINESS ADMINISTRATIVE BUSINESS
Report - Continued. Discussion followed: there would be no impacts
using the "pay as you go" method and the payments
could not be made beyond the year 2033 or the
termination date for the Plan; in using tax allocation
bonds and bonding against the increment, the latest
the Agency could bond under the amendments would
be in Year 31 of the Plan or the year 2023 - which
assumes the Agency would float 20 year bonds; if
the project was down zoned, how would financing
goals be accomplished; it could impact it later down
the line; etc.
GOOD AND WELFARE GOOD AND WELFARE
No one chose to speak.
CLOSED SESSION CLOSED SESSION
4. Closed Session: pursuant to GC 54956.8, to give The Agency adjourned to a Closed Session at 7:35
instructions to the City's Negotiator concerning the p.m., to discuss the items noticed.
purchase of the property located at 100 Baden Ave.,
_. _ S.S.F., instructions will concern: price, terms of
payment and/or both; pursuant to GC 54956.8, to
give instructions to the City's Negotiator concerning
the purchase of the property located at 261-265 Grand
Ave., S.S.F., instructions will concern: price, terms
of payment and/or both.
Boardmember Penna Left the Closed Session: Boardmember Penna left the Closed Session at 7:50
p.m., due to a conflict of interest on the subject of
261 Grand Avenue.
RECALL TO ORDER: Chairman Fernekes recalled the meeting to order at
7:53 p.m., all Boardmembers were present, no
action was taken.
M/S Teglia/Yee - To adjourn the meeting.
Carried by unanimous voice vote.
ADJOURNMENT: Time of adjournment was 7:54 p.m.
11/9/94
Page 2
AGENDA ACTION TAKEN
RESPECTFULLY SUBMITTED, APPROVED.
Barbara A. Battaya, Clerk ff./ ~d~vrO, o~me~ eAk~irman
Redevelopment Agency
City of South San Francisco City of South San 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.
11/9/94
Page 3