HomeMy WebLinkAboutrda min 1993/09/14 MINUTES OF A SPECIAL MEETING OF THE REDEVELOPMENT AGENCY
OF THE CITY OF CHULA VISTA
Tuesday, September 14, 1993 Council Chambers
8:43 p.m. Public Services Building
CALL TO ORDER
1. ROLL CALL:
PRESENT: Members Horton, Fox, Moore, Rindone, and Chairman Nader
ALSO PRESENT: John D. Goss, City Manager; Bruce M. Boogaard, City Attorney; and Vicki
C. Soderquist, Deputy City Clerk
2. APPROVAL OF MINUTES: None submitted.
CONSENT CALENDAR
[Items 3 through 4]
3. YV~I'I-I'EN COMMUNICATIONS: None.
4. RESOLUTION 13S1 CONCERNING THE REDEMPTION OF CERTAIN BONDS AND PROVIDING
FOR THE SALE OF MORTGAGE LOANS AND OTHER ASSETS AND AUTHORIZING THE E)~CUTION OF ALL
NECESSARY DOCUMENTS AND APPROPRIATING FUNDS THEREFOR--On 11/6/79 the Agency adopted a
Bond Resolution approving the issuance of residential mortgage revenue bonds to provide take-out financing
for two condominium projects in the Town Center I Project Area (Parkwoods at the Village and Town CenU-e
Townhomes). The issue was restructured in 1991. The restructuring cannot be sustained in the current
unusual interest rate environment and action is needed to collapse the issue before it can no longer service
the bond debt. Staff recommends approval of the resolution. (Community Development Director)
[4/Sths Vote Required]
RESOLLrrlON 13S10F'FELREI) BY MEMBER HORTON, reading of the text was waived, passed and approved
unanimously.
* * END OF CONSENT C^I.F. NDAR * *
PUBLIC HEARINGS
None submitted.
ORAL COMMUNICATIONS
None
Minutes
September 14, 1993
Page 2
^c'no~/~
None submitted.
I'I'I~IS pULI.RD FROM THE CONSENT
None
BUSINESS
5. DIRECTOR'S REPORT None
6. CHAIRMAN'S REPORT None
7. MEMBERS' COMMENTS None
AD$OURNMENT
The Agency met in closed session 8:44 p.m. to discuss:
Potential litigation pursuant to Government Gode Section 54956.9 -- Default and Termination Issues
of the Lease at 980 F Street, Chula Vista, CA - San Diego Shipbuilding & Repairs, Inc.
AD3OURNMENT AT 9:06 P.M. to the regular meeting of the Redevelopment Agency on Tuesday, September
21, 1993 at 6:00 p.m., immediately following the City Council meeting, Council Chambers, Public Services
Building.
Respectfully submitted,
BEVERLY A. AUTHELET, CMC, City Clerk
by: Vicki C. Soderquis~ Deput~'~il:y Clerk