86-0603_CRA_Minutes_Regular MeetingJUNE 3, 1986
REGULAR MEETING OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
345
The Regular Meeting of the Board of Directors of the San Juan
Capistrano Community Redevelopment Agency was called to order by
Vice Chairman Buchheim at 7:42 p.m., in the City Council Chamber.
ROLL CALL PRESENT: Lawrence F. Buchheim, Vice Chairman
Anthony L. Bland, Director
Phillip R. Schwartze, Director
ABSENT: Gary L. Hausdorfer, Chairman
Kenneth E. Friess, Director
STAFF PRESENT: Stephen B. Julian, Executive Director; Thomas G.
Merrell, Deputy Director; Robert G. Boone, Finance Officer;
William D. Murphy, Director of Public Works; Thomas L. Baker,
Director of Community Services; John R. Shaw, City Attorney;
Glenn Southard, Assistant City Manager; Cheryl Johnson, Recording
Secretary.
MINUTES
Regular Meeting of May 20, 1986:
It was moved by Director Schwartze, seconded by Director Bland,
that the Minutes of the Regular Meeting of May 20, 1986, be
approved as submitted. The motion carried by the following vote:
AYES: Directors Schwartze, Bland,
and Vice Chairman Buchheim
NOES: None
ABSENT: Director Friess and Chairman Hausdorfer
BOARD ACTIONS
1. APPROVAL OF WARRANTS (202.2
It was moved by Director Schwartze, seconded by Director
Bland, and unanimously carried to approve the List of
Demands dated May 21, 1986, Warrant Register No. 86-112, in
the total amount of $5,591.61.
2. HISTORIC TOWN CENTER PROPOSALS -
EXTENSION OF TIME FOR SUBMITTAL (311.5)
Written Communications:
Report dated June 3, 1986, from the Deputy Director,
recommending that the Historic Town Center Proposal
submittal deadline be extended due to the importance of the
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4 project, staffing constraints and concern expressed by the
development teams that more time was necessary.
Extension of Time:
It was moved by Director Schwartze, seconded by Director
Bland and unanimously carried to extend the submittal
deadline for the Historic Town Center proposals to July 14,
1986.
3. CONSIDERATION OF REDEVELOPMENT AGENCY TAX ALLOCATION BONDS
(214.3)
Written Communications:
Report dated June 3, 1986, from the Deputy Director, noting
that due to anticipated changes in the federal tax laws,
proceeds from tax allocation bonds sold after September 1,
1986, were anticipated to fall under new restrictions if the
bonds were to remain tax exempt. The report noted that the
new limitations could eliminate use of tax exempt bonds for
several projects planned for the downtown area of San Juan
Capistrano. The report recommended that steps be taken to
determine the feasibility of a tax allocation bond issue and
the amount of money which could be raised.
Tax Allocation Bond Issue:
It was moved by Director Schwartze, seconded by Director
Bland and unanimously carried to direct staff to begin the
process necessary for a tax allocation bond issue.
CLOSED SESSION
The Board recessed at 7:45 p.m., to reconvene the City Council
meeting. The Board convened in a Closed Session at 8:21 p.m.,
for discussion of acquisition of the Cappello Property in the Los
Rios area, Walter Cappello, negotiator, the Recording Secretary
being excused therefrom, and reconvened at 8:42 p.m.
BOARD ACTIONS
ACQUISITION OF CAPPELLO PROPERTY (406.33)
It was moved by Director Schwartze, seconded by Director Bland,
and unanimously carried to:
(1) Acquire the Cappello Property at this time;
(2) Direct the Executive Director to conclude negotiations on
the property and open an escrow; and, direct. the City
Attorney and Redevelopment Agency Counsel to prepare such
legal and financial documents as may be necessary to
complete the transaction;
(3) Authorize the Agency Chairman to execute such documents
subject to final approval of the Agency Board.
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ADJOURNMENT 347
There being no further business before the Board, the meeting was
adjourned at 8:42 p.m., to the next meeting date of Tuesday, June
10, 1986, at 7:00 p.m., in the San Juan Hot Springs Dance Hall.
Respectfully submitted,
MARY ANN HANOVER, AGENCY SECRETARY
O'h
By Clieryl JQNn, Recording Secretary
ATTEST:
E4WRENCE F.)5UCHHEIM, VICE CHAIRMAN
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349
N O T I C E
AN ADJOURNED REGULAR MEETING OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY WILL BE HELD ON
TUESDAY, JUNE 10, 1986
AT 7:00 P.M. IN THE SAN JUAN HOT SPRINGS DANCE HALL,
32506 PASEO ADELANTO, SAN JUAN CAPISTRANO.
MARY ANN HANOVER, AGENCY SECRETARY
SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY
DEPUTY IT CLERK,
CITY OF SAN JUAN CAPISTRANO
POSTED: June 4, 1986