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89-0117_CRA_Minutes_Regular Meeting141 JANUARY 17, 1989 REGULAR MEETING OF THE SAA JUAN CAPISTRANO CO1+iRMTY RED MLOPMT AGENCT 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 Friess at 7:32 P.M., in the City Council Chamber. ROLL CALL PRESENT: Kenneth E. Friess, Chairman Anthony L. Bland, Director Lawrence F. Buchheim, Director Phillip R. Schwartze, Director ABSENT: Gary L. Hausdorfer, Vice Chairman STAFF PRESENT: Stephen B. Julian, Executive Director; Thomas G. Merrell, Director of Community Planning and Development; Mary Ann Hanover, Agency Secretary; Robert G. Boone, Finance Officer; John R. Shaw, City Attorney; William D. Murphy, Director of Public Works; Thomas L. Baker, Director of Community Services; George Scarborough, Assistant City Manager; Nancy Bernardi, Recording Secretary. MINUTES Regular Meeting of January 3, 1989: It was moved by Director Schwartze, seconded by Director Bland, that the Minutes of the Regular Meeting of January 3, 1989, be approved as submitted. The motion carried by the following vote: AYES: Directors Schwartze, Friess, and Bland NOES: None ABSTAIN: Director Buchheim ABSENT: Director Hausdorfer BOARD ACTIONS 1. APPROVAL OF WARRANTS (300.30) It was moved by Director Schwartze, seconded by Director Buchheim, and uanimously carried to approve the Dist of Demands dated January 12, 1989, in the total amount of $233,$32.26. 1/17/89 142 CLOSED SESSION The Agency recessed to a Closed Session at 7:36 p.m. for discussion of pro- perty acquisition, and reconvened at 9:23 p.m. BOARD ACTIONS 2. RENEGOTIATION OF PROPERTY ACQUISITION NOTE (PATRICK) (600.40) The City Manager stated that it was a matter of urgency to consider at this meeting the renegotiation of an outstanding note for acquisition of Mr. Patrick's long-term leasehold in the downtown area and that staff did not have the material in time to include in the packet. Approval of Item to be Heard: It was moved by Director Schwartze, seconded by Director Buchheim, and unanimously carried to hear this item at this meeting. The City Manager stated that Mr. Patrick asked that the City cash the $130,000 note out at this time. Staff recommended cashing out the note and reducing the principal amount by $12,004, which is acceptable to Mr. Patrick. Approval of Note Cash -Out: It was moved by Director Schwartze, seconded by Director Buchheim, to cash out the note in the amount of $130,000. The motion carried by the following vote: AYES: Directors Schwartze, Bland, Buchheim, and Chairman Friess NOES: None ABSENT: Director Hausdorfer An TnrrRw�r�±um There being no further business before the Board, the meeting was adjourned at 9:23 p.m., to the next regular meeting date of Tuesday, February 7, 1988, at 7:00 p.m. in the City Council Chamber. Respectfully submitted, MARY N OVER, 'AGENCY SECRETARY ATTEST: KENNETH E. FRIESS, CHAIRMAN -2- 1/17/89