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CITY OF RIVERSIDE <br />REDEVELOPMENT AGENCY <br /> <br />Minutes of: <br />Date of Meeting: <br />Time of Meeting: <br />Place of Meeting: <br /> <br />Special Meeting of the Redevelopment Agency <br />June 22, 1999 <br />9a.m. <br />Council Chamber, City Hall <br /> <br />Roll Call: <br /> <br />MINUTES <br />The Minutes of the Meeting of June 15, 1999, were approved as presented; with <br />Agency Member Beaty abstaining as he was absent due to illness. <br /> <br />DISCUSSION CALENDAR <br /> <br />HISTORIC MISSION INN CORPORATION <br />Following discussion, the Agency (1) concurred in the request of Historic Mission <br />Inn Corporation (HMIC) to allow the early buy out of the "patient capital" <br />provision of the Disposition and Development Agreement (DDA), subject to the <br />early pay off of the Urban Development Action Grant (UDAG) loan; and <br />(2) requested Agency's Legal Counsel to prepare the appropriate documentation of <br />this agreement and present it to the Agency at its meeting of July 27, 1999. <br /> <br />ANNOUNCEMENT OF COMMITTEE MEETING <br />The Development Committee will meet at 1:30 p.m. on Monday, June 28, in the <br />Fifth Floor Conference Room. <br /> <br />ORAL COMMUNICATIONS FROM THE AUDIENCE <br />There were no off-agenda comments presented at this meeting. <br /> <br />RECESS <br />The Redevelopment Agency recessed at 10:05 a.m. and reconvened at 7:30 p.m. in <br />joint session with the City Council. <br /> <br />JOINT ITEM WITH CITY COUNCIL - ECONOMIC DEVELOPMENT OF <br />EXPANDED ARLINGTON REDEVELOPMENT PROJECT AREA - MOU <br />Following discussion relative to a proposed Memorandum of Understanding (MOU) <br />with Riverside County for participation and economic development in the newly <br />expanded Arlington Redevelopment Project Area pending the sale of the former <br />Riverside General Hospital site, the Agency directed staff to establish the <br />appropriate Agency revenue account for the purpose of receiving the funds provided <br />by the MOU. <br /> <br />The Redevelopment Agency was adjourned at 8:15 p.m. <br /> <br />Respectfully submitted, ,, <br /> <br />RA-176 <br /> <br />WARDS <br /> <br />Present <br /> <br />Motion <br />Second <br />Ayes <br />Abstain <br /> <br />Motion <br />Second <br />All Ayes <br /> <br />Motion <br />Second <br />All Ayes <br /> <br />MEMBERS <br /> <br />B M <br />E O <br />A O <br />T R <br />Y E <br /> <br />DKCTP <br />EALHE <br />FNIOA <br />EEFMR <br />N FPS <br />B OSO <br />A RON <br />U DN <br />G <br />H <br /> <br />I 2 3 4 5 6 7 <br /> <br />XXXXXXX <br /> <br />X <br /> <br /> X <br /> X <br />XXX <br /> <br />XXX <br /> <br />X <br /> X <br /> <br /> X <br />X <br /> <br /> <br />