02-13-2007 CC RA MINUTES - Laserfiche WebLink

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- - - -- - - - - - -- - - - --- COUNCIUAGENCY MEMBERS CITY COUNCIL B M G S A H A AND E E A C 0 A 0 T L G H K R A REDEVELOPMENT AGENCY R E E I I T M 0 N A S s MINUTES 0 v 0 R 0 N TUESDAY, FEBRUARY 13,2007,3 P.M. E N ART PICK COUNCIL CHAMBER z E CITY HALL 3900 MAIN STREET WARDS 1 2 3 4 5 6 7 Roll Call: Present A X X X X X A In the absence of Mayor Loveridge, Mayor Pro Tempore Adkison called the meeting to order at 3 p.m. CITY COUNCIUREDEVELOPMENT AGENCY ORAL COMMUNICATIONS FROM THE AUDIENCE There were no comments presented at this time. AGENCY CONSENT CALENDAR The following items were approved by one motion affirming the actions appropriate to each item with Council/Agency Member Adkison disqualifying Motion X himself from participation due to a possible conflict of interest on the matter Second X regarding the Relocation Plan for the Five Points Plaza Acquisition Project. All A yes JOINT ITEM WITH CITY COUNCIL - RELOCATION PLAN - FIVE POINTS PLAZA ACQUISITION PROJECT - LA SIERRA/ARLANZA REDEVELOPMENT PROJECT AREA - LA SIERRA/PIERCE The Redevelopment Agency approved the Relocation Plan for the Five Points Plaza Acquisition Project for the proposed acquisition and demolition of structures on the commercial property located at the southwest corner of La Sierra Avenue and Pierce Street for land assembly purposes. The City Council approved the Relocation Plan for the Five Points Plaza Acquisition Project for the proposed acquisition and demolition of structures on the commercial property located at the southwest corner of La Sierra Avenue and Pierce Street for land assembly purposes. Disqualified X JOINT ITEM WITH CITY COUNCIL - RIVERSIDE RENAISSANCE - DOWNTOWN/AIRPORT MERGED REDEVELOPMENT PROJECT AREA - SUPPLEMENTAL APPROPRIATION The Redevelopment Agency (1) authorized a short-term interfund loan of $250,000 from the City's cash pool to the Downtown/Airport Capital Projects Fund at the City's cash pool interest rate and in anticipation of tax allocation bond issuance; (2) authorized the Assistant City Manager/CFO/Treasurer to convert the short-term loan to a long-term loan from a fund to be designated by the Finance Division, for a maximum term of five years; and (3) authorized an appropriation of $250,000 from the City's cash pool to the First to Third Properties Account 9789500-440441 to complete property acquisition and assembly activities in the two development sites located along Market and Main Streets, between First and Third Streets; (4) authorized the Executive 92-294