HomeMy WebLinkAbout1990/02/21 - Minutes - Joint (Redevelopment Agency) February 21, 1990
CITY OF RANCHO CUCAMONGA
REDEVELOPMENT AGENCY AND
CITY COUNCIL MINUTES
Joint Meeting
A. CALL TO ORDER
A joint meeting of the Redevelopment Agency and City Council of the City of
Rancho Cucamonga met on Wednesday, February 21, 1990 in the Lions Park Community
Center, 9161 Base Line Road, Rancho Cucamonga, California. The meeting was
called to order at 7:17 p.m. by Chairman/Mayor Dennis L. Stout.
Present as Agency and Council members were: William J. Alexander, Deborah N.
Brown, Charles J. Buquet II, Pamela J. Wright, and Chairman/Mayor Dennis L.
Stout.
Also present were: Jack Lam, Executive Director; James Markman, Legal Counsel;
Linda D. Daniels, Deputy Director; Olen Jones, Sr. RDA Analyst; Janice Reynolds,
Assistant RDA Analyst; Duane Baker, Sr. Administrative Assistant; Patty Riffel,
Executive Assistant; Chief Dennis Michael, Rancho Cucamonga Fire Protection
District; and Jan Sutton, Assistant Secretary.
B. COMMUNICATIONS FROM THE PUBLIC
No communications were made.
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Items C1, C2, D1 and D2 were heard and considered at one time.
C. STAFF REPORTS - REDEVELOPMENT AGENCY
C1. CONSIDERATION OF A JOINT POWERS AGREEMENT Staff report presented by Olen
Jones, Sr. RDA Analyst. (0203-06 RDA)
RESOLUTION NO. RA 90-003
A RESOLUTION OF THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY OF
THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING THE JOINT
POWERS AGREEMENT CREATING THE RANCHO CUCAMONGA PUBLIC
FINANCING AUTHORITY AND OTHER MATTERS RELATING THERETO
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Redevelopment Agency and City Council Minutes
February 21, 1990
Page 2
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MOTION: Moved by Alexander, seconded by Buquet to approve Resolution No. RA90-
003. Motion carried unanimously, 5-0.
C2. CONSIDERATION OF ISSUING RANCHO REDEVELOPMENT PROJECT 1990 TAX ALLOCATION
BONDS Staff report presented by Olen Jones, Sr. RDA Analyst. (0203-06 RDA)
(0405-02 BOND/SALE)
RESOLUTION NO. RA 90-004
A RESOLUTION OF THE RANCHO CUCAMONGA REDEVELOPMENT AGENCY OF
THE CITY OF RANCHO CUCAMONGA, CALIFORNIA, APPROVING THE
ISSUANCE OF ITS RANCHO REDEVELOPMENT PROJECT 1990 TAX
ALLOCATION BONDS, AN INDENTURE, A SUBORDINATION AGREEMENT,
THREE ESCROW AGREEMENTS, AN OFFICIAL STATEMENT AND A BOND
PURCHASE AGREEMENT, AUTHORIZING THE EXECUTIVE DIRECTOR TO SET
THE FINAL TERMS OF THE SALE OF THE BONDS, APPROVING THE
PAYMENT OF COSTS OF ISSUING THE BONDS, RETAINING BOND COUNSEL,
AND MAKING CERTAIN DETERMINATIONS RELATING THERETO
MOTION: Moved by Buquet, seconded by Brown to approve Resolution No. RA90-004.
Motion carried unanimously, 5-0.
D. STAFF REPORTS - CITY COUNCIL
D1. CONSIDERATION OF A JOINT POWERS AGREEMENT Staff report presented by Olen
Jones, Sr. RDA Analyst. (0203-06 RDA)
RESOLUTION NO. 90-095
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, APPROVING THE JOINT POWERS AGREEMENT
CREATING THE RANCHO CUCAMONGA PUBLIC FINANCING AUTHORITY AND
OTHERS MATTERS RELATING THERETO
MOTION: Moved by Buquet, seconded by Alexander to approve Resolution No. 90-
095. Motion carried unanimously, 5-0.
D2. CONSIDERATION OF FINANCING AND REFINANCING A PORTION OF THE RANCHO
REDEVELOPMENT PROJECT Staff report presented by Olen Jones, St. RDA Analyst.
(0400-00 FINANCE) (0203-06 RDA)
Redevelopment Agency and City Council Minutes
February 21, 1990
Page 3
RESOLUTION NO. 90-096
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
CUCAMONGA, CALIFORNIA, APPROVING THE FINANCING AND REFINANCING
OF A PORTION OF THE RANCHO REDEVELOPMENT PROJECT BY THE RANCHO
CUCAMONGA REDEVELOPMENT AGENCY, AN ESCROW AGREEMENT, A
SUBORDINATION AGREEMENT AND OTHER MATTERS RELATING THERETO
MOTION: Moved by Brown, seconded by Alexander to approve Resolution No. 90-096.
Motion carried unanimously, 5-0.
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E · ADJOURNMENT
MOTION: Moved by Buquet, seconded by Brown to adjourn the Redevelopment Agency.
Motion carried unanimously, 5-0. Meeting adjourned at 7:21 p.m.
Mayor Stout called a recess of the City Council until after the meeting of the
Public Finance Authority at 7:21 p.m.
Respectfully submitted,
Deputy City Clerk
Approved by Redevelopment Agency: March 21, 1990
Approved by City Council: March 21, 1990
February 14, 1990
CITY OF RANCHO CUCAMONGA
CITY COUNCIL/RANCHO CUCAMONGA COMMUNITY FOUNDATION MINUTES
Adjourned Joint Meetinq
Due to lack of quorum, the adjourned joint meeting of the City Council and the
Rancho Cucamonga Community Foundation scheduled for February 14, 1990, was
cancelled. (0701-01 COMMISSION)
The City Council was adjourned to February 21, 1990 at 7:00 p.m., for a joint
meeting with the Redevelopment Agency to be held at the Lions Park Community
Center, 9161 Base Line Road.
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Res ectfully submitted,
Debra J. Adams
City Clerk
Approved: March 21, 1990