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01-0417_BRANDON, MILES D._C1_Item Minutesr 2. RECEIVE AND FILE WARRANTS OF MARCH 22. 2001 (300.30) The List of Demands dated March 22, 2001, in the total amount of $267,069.30 was ordered and received and filed. 3. RECEIVE AND FILE CASH BALANCES BY FUND FOR FEBRUARY 28, 2001 330.50 The Finance Officer's Report of Cash Fund Balances for the month ending February 28, 2001 was ordered and filed. BOARD ACTIONS Written Communications: Report dated April 17, 2001 from the Principal Management Analyst, recommending approval of the Owner Participation Agreement with Miles D. Brandon, owner of Capistrano Volkswagen, to provide the dealership with financial assistance in the amount of $500,000 for off-site improvements, permits and fees. Assistance is to come from property tax increment to be reimbursed up to $35,000 annually. Douglas, D. Dumhart, Principal Management Analyst, made an oral presentation recommending approval of the Owner Participation Agreement with Miles D. Brandon, owner of Capistrano Volkswagen. Approval of Owner Participation Agreement: It was moved by Director Hart and seconded by Director Swerdlin to approve the Owner Participation Agreement with Miles D. Brandon, owner of Capistrano Volkswagen. The motion carried by the following vote: AYES: NOES: ABSENT Directors Hart, Swerdlin and Vice Chairman Bathgate None Chairman Greiner and Director Gelff CRA Minutes -2- 04/17/01