88-0301_CRA_Minutes_Regular Meeting77
MARCH 1, 1988
REGULAR MEETING OF THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
The Regular Meeting of the Board of Directors of the San Juan Capistrano Community
Redevelopment Agency was called to order by Chairman Hausdorfer at 7:30 p.m., in the
City Council Chamber.
ROLL CALL PRESENT: Gary L. Hausdorfer, Chairman
Kenneth F. Friess, Vice Chairman
Anthony L. Bland, Director
Lawrence F. Buchheim, Director
Phillip R. Schwartze, Director
ABSENT: None
STAFF PRESENT: Stephen B. Julian, Executive Director; Thomas G. Merrell, Deputy
Director; Mary Ann Hanover, Agency Secretary; Robert G. Boone, Finance Officer;
Glenn Southard, Assistant City Manager; John R. Shaw, City Attorney; William D.
Murphy, Director of Public Works; Thomas L. Baker, Director of Community Services;
Cheryl Johnson, Recording Secretary,
MINUTES
Regular Meeting of February 16 1988:
It was moved by Director Schwartze, seconded by Director Bland, that the Minutes of the
Regular Meeting of February 16, 1988, be approved as submitted. The motion carried by
the following vote:
AYES: Directors Schwartze, Friess, Bland,
Buchheim
NOES: None
ABSTAIN: Chairman Hausdorfer
ABSENT: None
BOARD ACTIONS
1. APPROVAL OF WARRANTS (300.30)
It was moved by Director Buchheim, seconded by Director Friess, and unanimously
carried to approve the List of Demands dated February 11, 1988, Warrant Nos. 873-
932, in the total amount of $5,300,596.59.
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2. REPORT OF CASH FUND BALANCES (330.50)
It was moved by Director Bland, seconded by Director Buchheim and unanimously
carried to approve the Report of Cash Fund Balances as of January 31, 1988, in the
amount of $1,061,900.64.
3. ACCEPTANCE OF THE 1986-87 FINANCIAL REPORT
AND AUDIT 310.30
Written Communications:
Report dated March 1, 1988, from the Finance Officer, forwarding the Financial
Report and Accountant's Report prepared by Peat, Marwick, Main and Company.
The independent auditors concluded that the Agency had complied with all State
regulations as set forth in the California Health and Safety Codes.
Acceptance of Audit:
It was moved by Director Buchheim, seconded by Director Bland and unanimously
carried to accept the Audit and Financial Report by the Agency's independent
auditors, Peat, Marwick, Main and Company.
4. PROPERTY ACQUISITION AGREEMENT (ROSAN) (600.40)
Written Communications:
Report dated March 1, 1988, from the Executive Director, forwarding an agreement
for the purchase of the lower Rosan Ranch property. The area includes 12.2 acres
bounded on the east by the Santa Fe Railroad, on the west by San Juan Creek, on the
north by Capistrano Valley Mobile States, and on the south by the Stonehill
extension. The Agency will acquire portions of right-of-way necessary for the
future extension of Stonehill Drive and road access to properties currently
inaccessible through other than private railroad crossings. The acquisition will allow
implementation of an improved emergency access to properties currently served
only by Avenida Aeropuerto. The report advised that the property is a potential site
for the ultimate relocation of the City and Capistrano Valley Water District
corporation yards. Terms include a purchase price of $1.2 million; opening of escrow
within LO days from date of execution of the agreement with an escrow closing
within 30 days following execution. The report further advised that this was a cash
transaction and a budget adjustment will be necessary. Funding is available from
the proceeds of the recent Bond Anticipation Note.
Approval of Agreement:
It was moved by Director Buchheim, seconded by Director Bland and unanimously
carried to approve the agreement for purchase of the lower Rosan property at a
price of $1.2 million. The Chairman and Secretary were authorized to execute the
agreement on behalf of the Agency. The necessary budget adjustments were
authorized.
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ADJOURNMENT
There being no further business before the Board, the meeting was adjourned at 7:33
p.m., to the next regular meeting date of Tuesday, March 15, 1988, at 7:00 p.m., in the
City Council Chamber.
Respectfully submitted,
MARY ANN YNOVER, AGENCY SECRETARY
ATTEST:
*L
G—L. HCH RMAN
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