HomeMy WebLinkAbout1986 08 27 CC MIN1986 08 27 CC MIN ;¢f4 Ä / ADJOURNED REGULAR MEETING OF THE CITY
COUNCIL OF THE CITY OF BALDWIN PARK,
CITY HALL, 14403 EAST PACIFIC AVENUE,
THURSDAY, AUGUST 27, 1986 AT 6:00 P.M.
The City Council of the City of
Baldwin Park met in adjourned regular
session in the Council Chambers
at 7:00 p.m.
ROLL CALL PRESENT: COUNCILMEN KING, IZELL,
MCNEILL AND MAYOR WHITE
ALSO PRESENT: City Manager Webb,
Dir. of Admin. Serv. Yelton,
Dir. of Comm< Serv. Smith,
Police Captain Hoskins, and
City Clerk Gair
00-
The absences of Councilman Gibson and City Treasurer
Montenegro were excused.
00-
Mayor White recessed the regular meeting of the
City Council and convened the meeting of the
Baldwin Park Redevelopment Agency.
Mayor White recessed the CRA meeting and declared
the meeting of the City Council back in session.
00-
ROLL CALL
ABSENCES
EXCUSED
MEETING
RECESSED-
CRA IN
SESSION
CRA
RECESSED-
COUNCIL IN
SESSION
REPORTS OF OFFICERS, COMMISSIONS AND COMMITTEES
Director of Community Services Smith explained the
construction planned for the Delta Redevelopment
Project Area and that the Agency has requested that
the City initiate an Assessment District to cover
a portion of the costs associated with the extension
of street and utility improvements and the bridge
structure which spans the Walnut Creek Wash. Bond
proceeds will also be used to refund the 1985 tax
allocation note issue.
He explained the terms under which this financing
can be achieved and that no further need for
environmental analysis is necessary for this pro-
ject.
No oral or written protests were heard at the public
hearing and staff recommends approval of the three
resolutions before Council.
3
It was moved and seconded to approve Resolution No.
86-80, A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF BALDWIN PARK AUTHORIZING THE ISSUANCE AND SALE
OF IMPROVEMENT BONDS IN THE AGGREGRATE PRINCIPAL
AMOUNT OF $1,625,000 IN CONNECTION WITH ITS DELTA
ASSESSMENT DISTRICT NO. 86-2". M/S/C: MCNEILL/
IZELL. There were no objections.
RESOLUTION
NO. 86-80
APPROVED
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1986 08 27 CC MIN ;¢f4 Ä / ADJOURNED REGULAR MEETING OF THE CITY
COUNCIL OF THE CITY OF BALDWIN PARK
AUGUST 27, 1986
PAGE TWO
Acting City Attorney Fox read the following revisions
to Resolution No. 86-81 prior to approval;
Paragraph 2: WHEREAS, the City desires to
enter into a Bond Purchase Contract dated as of
August 26, 1986 the Bond Purchase Contract")
with Smith Barney, Harris Upham & Co., Inc. the
Purchaser"): and";
Page 2, Section 4: The Official Statement prepared
in connection with the Bonds/ the Reimbursement
Agreement dated as of August 27, 1986, by and be-
tween the City and the Baldwin Park Redevelopment
Agency, and the Bond Purchase Contract/ dated as of
August 26, 1986, are hereby approved".
It was moved and seconded to approve Resolution No.
86-81, RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF BALDWIN PARK AWARDING THE $1,625,000 CITY OF
BALDWIN PARK IMPROVEMENT BONDS, DELTA ASSESSMENT
DISTRICT, NO. 86-2 TO SMITH BARNEY, HARRIS UPHAM
& CO., INC., APPROVING CERTAIN OTHER DOCUMENTS IN
CONNECTION THEREWITH; AND AUTHORIZING BOND COUNSEL
AND OTHER PARTIES TO TAKE SUCH ACTIONS TO COMPLETE
THE ISSUANCE/ SALE AND DELIVERY OF SUCH BONDS".
M/S/C: I2ELL/KING. There were no objections.
It was moved and seconded to approve Resolution No.
86-82, A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF BALDWIN PARK DETERMINING UNPAID ASSESSMENTS IN
ASSESSMENT DISTRICT NO. 86-2 AND THE MANNER OF
PAYMENT THEREOF AND LISTING BONDS ISSUED ON THE
SECURITY THEREOF". M/S/C: MCNEILL/IZELL. There
were no objections.
00-
Mayor White declared Oral Communications open and
invited those wishing to speak to come forward.
There were none.
Mayor White decalred Oral Communications closed.
00-
It was moved and seconded to adjourn the adjourned
regular meeting of the City Council at 6:15 p.m»
M/S/C: KING/MCNEILL. There were no objections.
REVISIONS
STATED
RESOLUTION
NO. 86-81
APPROVED
RESOLUTION
NO. 86-82
APPROVED
ORAL COM-
MUNICATION
OPEN
CLOSED
MEETING
ADJOURNED
6:15 P.M.
y—ic
LINDA L. GAI^/ CITY CLERK
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