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09-0707_CRA_Minutes_Regular MeetingMINUTES July 7, 2009 SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY REGULAR MEETING CLOSED SESSION (610._85. None RECESS UNTIL 6:30 P.M. BUSINESS SESSION Chairman Hribar called the Regular Meeting of the Community Redevelopment Agency Board of Directors to order at 9:56 p.m. ROLL CALL DIRECTORS PRESENT: Sam Allevato, Mark Nielsen, Dr. Londres Uso, Vice Chair Laura Freese, and Chairman Tom Hribar DIRECTORS ABSENT: None ANNOUNCEMENT OF CLOSED SESSION ACTIONS - None CONSENT CALENDAR Board Action: Moved by Director Nielsen, seconded by Director Allevato, and carried unanimously, to approve items 1 through 5 as recommended by staff. 1. MINUTES OF THE REGULAR MEETING OF JUNE 16, 2009 - COMMUNITY REDEVELOPMENT AGENCY, APPROVED AS SUBMITTED 2. MINUTES OF THE SPECIAL MEETING OF JUNE 16, 2009 - COMMUNITY REDEVELOPMENT AGENCY, APPROVED AS SUBMITTED 3. ACCOUNTS PAYABLE WARRANTS DATED JUNE 4, 2009, IN THE TOTAL AMOUNT OF $272,182.00 AND JUNE 19, 2009 IN THE AMOUNT OF $94,659.35, RECEIVED AND FILED (300.30) 4. REPORT OF INVESTMENT --- MONTH ENDING MAY 31, 2009, RECEIVED AND FILED (350.30) 5. CRA RESOLUTION NO, 09-07-07-01 ADOPTED, AUTHORIZING THE CURRENT OFFICERS OF THE AGENCY CITY TO INVEST FUNDS AND DRAW CHECKS ON CITY BANK ACCOUNTS; AND ADDING THE DEPUTY DIRECTOR AND ACTING AGENCY SECRETARY (320.10) 07-07-2009 PUBLIC HEARINGS: None BOARD ACTIONS: D1. PARTICIPATION AGREEMENT WITH REGENCY THEATRES, APPROVED (600.40) Douglas D. Dumhart, Economic Development Manager, provided an agenda report and responded to questions. Board Action: Moved by Director Uso, seconded by Director Nielsen, and carried unanimously to approve the Participation Agreement with Regency Theatres which provides for an Agency loan to Regency Theatres in the amount of $450,000. D2. EXCLUSIVE NEGOTIATING AND RIGHT OF ENTRY AGREEMENT WITH COSTCO WHOLESALE FOR THE PURCHASE OF LOWER ROSAN RANCH, APPROVED (600.40) Douglas D. Dumhart, Economic Development Manager, provided an agenda report and responded to questions. Board Action: Moved by Director Uso, seconded by Director Nielsen, and carried unanimously to approve the Exclusive Negotiating and Right of Entry Agreement with Costco Wholesale for the purchase of Lower Rosan Ranch; and the Chairman authorized to execute the agreement. ADJOURNMENT There being no further business, Chairman Hribar adjourned the meeting at '10:11 p.m. to Tuesday, July 21, 2009 at 5:30 p.m. for Closed Session, and 6:30 p.m. for the public Business Session, in the City Council Chambers. rnitted, MARIA N4O.IRRI$, ACTING)kG NCY SECRETARY Approved: July 21, 2009 ATTEST- THOMAS W. HRIBAR, CHAIRMAN 2 07-07-2009