HomeMy WebLinkAboutrda min 1975/01/21
REGULAR MEETING OF THE REDEVELOPMENT AGENCY
OF THE CITY OF CHULA VISTA
Held Tuesday January 21, 1975
A regularly scheduled meeting of the Redevelopment Agency of the City of Chula
Vista, California, was held on the above date beginning at 10:07 p.m. in the
Council Chamber, City Hall, 276 Fourth Avenue, with the following:
Members present: Chairman Hamilton, Members Scott, Habel, Hyde, Egdahl
Members absent: None
Staff present: Executive Director Thomson, City Attorney Lindberg, Director
of Redevelopment Operations Desrochers, Community Development
Coordinator Henthorn, Administrative Analyst Smith, Acting
Assistant City Manager Cole, Director of Planning Peterson
APPROVAL OF MINUTES It was moved by Member Scott, seconded by
Member Egdahl and unanimously carried that
the minutes of the meeting of December 10,
1974 be approved, copies having been sent
to each Member.
REPORT ON IMPACT OF REMOVING Mr. Paul G. Desrochers, Director of
ROHR INDUSTRIES, INC., AND Redevelopment Operations, submitted a
SAN DIEGO GAS AND ELECTRIC written report to the Agency in which he
COMPANY FROM THE BAYFRONT reviewed the impact that Rohr and San
PROJECT AREA Diego Gas and Electric Company holdings
have within the project area relative to
the school district financing and project
feasibility.
Mr. Desrochers concluded that the fiscal
impact would not be of major proportions:
less than 1/2¢ on the tax rate ($.0045)
for the elementary schools and even less
for the others. The development made
possible by the utilization of tax incre-
ments by the Agency is significant and
will serve to augment the school budgets
within a relatively short period of time,
possibly permitting decreases in the tax
rate.
Director Desrochers added that without
these properties and the present tax in-
crement they generate, the Agency would
not be able to issue bonds at this time
and development that is dependent upon
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public facilities would be delayed or
prohibited from choosing the Bayfront for
development. The alternative would be a
reliance on funds from the City's CIP
budget which would impact City-wide fiscal
programs.
Report accepted It was moved byMßmber Scbtt. seconded
by Member Hyde and unanimously carried
that the report be accepted as submitted.
Discussion of activities Chairman Hamil tonnòtedthatthere has been
along Bayfront one inquiry for development in the Bayfront.
Mr. Desrochers explained that they plam
to start a program in this respect. First,
they must find out what they can or cannot
do with all of the environmental groups.
He will be meeting with the Port District
tomorrow. Mr. Desrochers added that the
realignment of Tidelands has been approved
and construction can start on this.
Sale of bonds In answer to Member Scott's question, Mr.
Desrochers said the interest on the bonds
is going at 7-1/2%.
ADJOURNMENT Chairman Hamilton adjourned the meeting at
10:12 p.m.
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