HomeMy WebLinkAboutcc min 1996/01/09 RDA "A C TIONS"
Notice is hereby given that the Mayor/Chairman of the Re, development Agency has called and will convene a special
joint meeting of the Redevelopmerit Agency/City Council on Tuesday, January 9, 1996 at 4:00 p.m., immediately
following the regular City Council meeting, in Council Chambers, located in the Public Services Building, 276
Fourth Avenue. Chula Vista, California to consider, deliberate and act upon the following:
Tuesday, January 9, 1996 Council Chambers
6:00 p.m. Public Services Building
(immediately following 0~e City Council meeting)
Joint Meetin~ of the Redevelonment A£encv/Citv Council
of the City of Chula Vista
1. ROLL C~L: Agency/Council Members Ale~ ~. , Moot ~. Padilia
R~done ~ , ~d Char/Mayor Honon 7~
2. ~PROV~ OF ~S:
BUSINESS
3. WRITI'EN COMMUNICATIONS: None.
4.A. COUNCIL
RESOLUTION 18178 AUTHORIZENG AMENDMENT OF THE EXCHANGE AGREEMENT
~ ~ _ . ETWEEN THE CITY OF CHULA VISTA, TH~ REDEVELOPMENT
JUNE 1, 1996 FOR THE VETERANS ItOME PROJECT-The City,
Redevelopmeat Agency, and Sweetwater Union High School District eatered
into a Memoraadum of Understaading r~gaxding Ageacy's proposed acquisition
of the Medical Center Drive site owned by the District in exchange for the
Agency-ow'ned Windmill Farms site on Third Avenue. It is t~quested the
Agreemeat be ttmended to extend the close of ~scrow. Staff r~.ommends
approval of the r~olutions.
B. AGENCY
RESOLUTION 1481 AUTHORIZING AMeNDMeNT OF I'1-1~ EXCHANGE AGREEMENT
,~ C~L ~ -~ - I ' ](~ EXTEND THE CLOSE OF ESCROW FROM DECEMBER 1, 1995 TO
JUNE 1, 1996 FOR THE VETERANS HOME PROJECT
Agenda -2- January 9, 1996
5.A. COUNCIL
RESOLUTION 18179 APPROVING THE APPLICATION TOTHE CALIFORNIA DEBTL13,1IT
~ ALLOCATION COMMITFEE (CDLAC) FOR AN ALLOCATION OF
-~ - O - [ QUALIHED MORTGAGE BONDS AND ASS.IGNING ITS ALLOCATION
TO THE REDEVELOPMENT AGENCY TO IMPLEMENT; ELECTING
TO EXCHANGE SAID ALLOCATION FOR MORTGAGE CREDIT
CERTWICATES; CERTIFYING THE AVAILABILITY OF FUNDS FOR
THE REQUIRED PERFORSVlANCE DEPOSIT OF $20B,000 AND
AUTHORIZING ITS EXECUTION BY THE EXECUTIVE DIRECTOR--
Staff recommends the City apply for a $20,000,000 Mortgage Revenue Bond
allocation which would be converted by a ratio of 4:1 resulting in $5,000,000
to be issued as approximately 202 MCC certificates. Staff recomxnends
approval of the resolutions.
B. AGENCY
RESOLUTION 1482 APPROVING THE APPLICATION TO THE CALIFORNIA DEBT LIMIT
ALLOCATION COMMITFEE (CDLAC) FOR AN ALLOCATION OF
~ (~ QUALIFIED MORTGAGE BONDS AND ITS ALLOCATION TO THE
~t ~2~-[ REDEVELOPMENT AGENCY ACCEPTING CITY'S ASSIGNMENT TO
IMPLEMENT; ELECTING TO 'EXCHANGE SAID ALLOCATION FOR
MORTGAGE CREDIT CERTIFICATES; CERTIFYING THE
AVAILABILITY OF FUNDS FOR THE REQUIRED PERFORMANCE
DEPOSIT OF $200,000 AND AUTHORIZING ITS EXECUTION BY THE
EXECUTIVE DIRECTOR
ORAL COM31UNICATIONS ' -- f~)(2~L&
This is an opportunity for the general public to address the Redevelopment Agency on any subject matter within
the Agency's jurisdiction that is not an item on this agenda. (State law, however, generally prohibits the
Redevelopment Agency from taking action on any issues not included on the posted agenda.) If you wish to
address the Council on such a subject, please complete the yellow "Request to Speak Under Oral Communications
Form" available in the lobby and submit it to the Secretary to the Redevelopment Agency or City Clerk prior to
the meeting. Those who wish to speak, please give your name and address for record purposes and follow uy
action. Your time is limited to three minutes per speaker.
OTHER BUSINESS
6. DIRECTOR'S/CITY MANAGER'S REPORT(S)
7. CHAIR'S/MAYOR'S REPORT(S) ---"
8. AGENCY/COUNCIL MEMBER COMMENTS
The meeting will adjourn to a Joint Regular Redevelopmerit Agency/City Council Meeting on January 16. 1996 at
6:00 p.m., immediately following the City Cormell meeting, in the City Council Chambers.
!,
Agenda -3- January 9, 1996
COMPLIANCE WITH THE, AMERICANS WITH DISABILITIES ACT
The City of Chula Vista, in complying with the Americans With Disabilities Act (ADA). request
individuals who require special accommodations to access, attend, and/or participate in a City meeting,
activity, or service request such accommodation at least forty-eight hours in advance for meetings and
five days for scheduled services and activities. Please contact the Seerclap' to the Re, development
Agency for specific information at 619.691.5047 or Telecommunieations Devices for the Deaf (TDD)
at 6t9.585.5647. California Relay Service is also available for the hearing impaired.
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