HomeMy WebLinkAboutMIN 1997 0820 RDA SPC MINUTES OF THE REDEVELOPMENT AGENCY
Moorpark, California August 20, 1997
A Special Meeting of the Redevelopment Agency of the City of Moorpark
was held on August 20, 1997 in the Community Center of said City
located at 799 Moorpark Avenue, Moorpark, California.
1 . CALL TO ORDER:
Chairman Hunter called the meeting to order at 5 : 20 p.m.
2 . ROLL CALL:
Present : Agency Members Evans, Perez, Rodgers Teasley,
Wozniak, and Chairman Hunter.
Staff Present: Steven Kueny, Executive Director; Richard Hare,
Agency Treasurer; Cheryl Kane, Agency Counsel;
and Lillian Hare, Agency Secretary
AT THIS POINT in the meeting, a recess was declared. The time
was 5:21 p.m.
The Agency reconvened at 6: 30 p.m. with all Agency Members
present.
3 . PRESENTATIONS/ACTION/DISCUSSION:
A. Consider Request to Subordinate Seven (7) Deeds of Trust
that Secure the Seven (7) Promissory Notes that are Held by
the Moorpark Redevelopment Agency that Secure the Land Sold
to Mission Bell Partners (Mission Bell Plaza Phase II) .
Staff Recommendation: Approve Subordination subject to
final language approval of Executive Director and Agency
Counsel and authorize Chairman to sign.
Mr. Hare gave the staff report.
MOTION: Agency Member Evans moved and Agency Member Perez
seconded a motion to authorize the Chairman to sign the
Subordination Agreement, the Security Agreement, and the Consent
to Transfer; authorize the Executive Director to sign the Notice
of Completion when all conditions have been satisfied; all
subject to final language approval of the Agency Counsel and
Executive Director. The motion carried by unanimous voice vote.
4 . CLOSED SESSION:
None was held.
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Minutes of the Redevelopment Agency
Moorpark, California Page 2 August 20, 1997
5. ADJOURNMENT:
Chairman Hunter adjourned the eeuing a�%I p.m.
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