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HomeMy WebLinkAbout1977 05 02 CC MIN1977 05 02 CC MIN(ÌìÍINDEX MAY 2, 1977 Special Meeting of the Baldwin Park City Council Excuse Absence of Acting City Attorney Ritchie Excuse Absence of City Treasurer Montenegro Resolution No. 77-31, Accepting Repayment of Indebtedness from the Baldwin Park Redevelopment Agency, Directing Payment to the General Fund, Authorizing Appropriation to the Redevelopment Agency Administrative Fund and Directing Transfer of Certain Monies as a Loan to the Baldwin Park Redevelopment Agency Adopted James Garrow 6:42 P.M. Meeting Adjourned to Reconvene as Redevelopment Agency BIB] 37657-U01 1977-U02 05-U02 02-U02 CC-U02 MIN-U02 LI1-U03 FO9591-U03 FO9724-U03 DO9754-U03 C4-U03 MINUTES1-U03 2/4/2003-U04 ROBIN-U04 REGULAR-U05 SESSION-U05 CITY-U06 COUNCIL-U06 1977 05 02 CC MIN(ÌìÍSPECIAL MEETING OF THE BALDWIN PARK CITY COUNCIL CITY HALL COUNCIL CHAMBERS) 14403 East Pacific Avenue The City Council of the City of Baldwin Park met in special session at the above place at 6:30 p.m. MAY 2, 1977 6:30 P.M. Roll Call: Present: COUNCILMEN AGUILAR. BLEWETT. HAMILTON. KITCHEL, AND MAYOR WALDO ACTING CITY MANAGER SEXTON. DIRECTOR OF FINANCE HALLOWAY AND CITY CLERK BALKUS Also Present: Absent: CITY TREASURER MONTENEGRO AND CITY ATTORNEY RITCHIE 00- ROLL CALL EXCUSE ABSENCE OF ACTING CITY ATTORNEY RITCHIE. M/S/C: WALDO/AGUILAR. There were no objections. The motion carried. 00- EXCUSE ABSENCE OF CITY TREASURER MONTENEGRO- M/S/C: AGUILAR/BLEWETT. There were no objections. The motion carried. 00- Acting City Manager Sexton explained the purpose of the meeting. The Redevelopment Agency has received from the County Auditor Controller tax increments on the Puente-Merced/South Baldwin Park Boulevard Redevelopment project in the amount of $196,814.84. The Council was to accept the amount from the Agency and to affect a new loan to the Agency in the amount of $200,000. The total amount of in- debtedness to date in the project area is $3,249.203. This includes, besides cash loans, other forms of indebtedness the Agency has incurred In carrying out the project; amounting to approximately $2.9 million. The Agency intends to pay back this amount, plus approx- imately an additional $50,000 which is supposed to be paid prior to the fiscal year end. City Clerk Batkus read by title: EXCUSE ABSENCE OF A.C.A. RITCHIE EXCUSE ABSENCE OF CITY TREASURER MONTENEGRO RESOLUTION NO. 77-31. ACCEPTING REPAYMENT OF INDEBTED- NESS FROM THE BALDWIN PARK REDEVELOPMENT AGENCY, DIRECTING PAYMENT TO THE GENERAL FUND. AUTHORIZING APPROPRIATION TO THE REDEVELOPMENT AGENCY ADMINI- STRATIVE FUND AND DIRECTING TRANSFER OF CERTAIN MONIES AS A LOAN TO THE BALDWIN PARK REDEVELOPMENT AGENCY WAIVE FURTHER READING AND ADOPT RESOLUTION NO. 77-31. M/S: AGUILAR/KITCHEL. continued) RES. NO. 77-31 ACCEPTING REPAY- MENT OF INDEBTED- NESS FROM B.P. REDEV. AGENCY. DIRECTING PAYMENT TO THE GEN. FUND. AUTHORIZING APPRO- PRIATION TO THE REDEV. AGENCY ADMIN. FUND & DIRECTING TRANS- FER OF CERTAIN MONIES AS A LOAN TO THE B.P. REDEV. AGENCY ADOPT RES. NO. 77-31 BIB] 37657-U01 1977-U02 05-U02 02-U02 CC-U02 MIN-U02 LI1-U03 FO9591-U03 FO9724-U03 DO9754-U03 C4-U03 MINUTES1-U03 2/4/2003-U04 ROBIN-U04 REGULAR-U05 SESSION-U05 CITY-U06 COUNCIL-U06 1977 05 02 CC MIN(ÌìÍSpecial Meeting of the Baldwin Park City Council Mr- James Garrow, Chairman of the Advisory Conmission, recommended that Council accept repayment of the loan and that they make a new loan to the Agency of $200,000. Mr- Sexton explained that the $3 million includes the contract between the City and the Agency of approximately $2-9 million for proposed improvements that will take place in the project area, plus administrative costs and cash advances of approximately $300,000. Roll Call on the motion- There were no objections. The motion carried. AT 6:42 P.M. THE MEETING ADJOURNEO TO RECONVENE AS THE REDEVELOPMENT AGENCY. M/S/C: AGUILAR/HAMILTON. There were no objections. 00- May 2. 1977 Page 2 JAMES GARROW THE MOTION CARRIED 6:42 P.M. MEETING ADJOl D TO RECONVENE REDEVELOPMENT AGENCY Ss^/^^J THELMA L. BALKUS. CITY CLERK APPROVED: V y XM I / 1977 Date of Distribution to City Council: May 13. 1977 Date of Distribution to Departments: May 13, 1977 BIB] 37657-U01 1977-U02 05-U02 02-U02 CC-U02 MIN-U02 LI1-U03 FO9591-U03 FO9724-U03 DO9754-U03 C4-U03 MINUTES1-U03 2/4/2003-U04 ROBIN-U04 REGULAR-U05 SESSION-U05 CITY-U06 COUNCIL-U06