HomeMy WebLinkAboutAG RPTS 1994 0105 RDA REGNext Res. 94 -24
REDEVELOPMENT AGENCY
OF THE CITY OF MOORPARK
AGENDA
WEDNESDAY, JANUARY 5, 1994
7:00 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
2. ROLL CALL:
3. PUBLIC COMMENT:
4. CONSENT CALENDAR (Roll Call Vote):
A. Consider Approval of Minutes of the Reqular Redevelopment
Agency Meeting of December 15, 1993.
Consider Approval of Minutes of the Joint Meeting of the
City Council and the Moorpark Redevelopment Agency of
December 15, 1993.
Staff Recommendation: Approve minutes as processed.
B. Consider Resolution No. 94- of the Moorpark
Redevelopment Agency Approving and Authorizing the
Chairman to Execute a Reimbursement Agreement by and
between the Moorpark Redevelopment Agency and the City of
Moorpark (For City Loan for Purchase of MacLeod
Property). Staff Recommendation: Adopt Resolution No.
94- authorizing the Chairman to execute the
Reimbursement Agreement.
S. ACTION /DISCUSSION:
A. Consider Review of Funding Alternatives for Ventura
County Library. Staff Recommendation: Direct staff as
deemed appropriate.
6. CLOSED SESSION:
A. Negotiations for Real Property at 675 Moorpark Avenue
(Moss) and 661 Moorpark Avenue (Aikens) pursuant to
Government Code Section 54956.8.
B. Negotiations for Real Property at 18 High Street (Abbott
& Assoc., Moorpark Chamber of Commerce, Moorpark
Melodrama) pursuant to Government Code Section 54956.8.
C. Negotiations for Real Property on the North Side of Los
Angeles Avenue and South Side of Poindexter Avenue
contiguous to Mission Bell Plaza.
Moorpark Redevelopment Agency Agenda
January 5, 1994
Page 2
6. ADJOURNMENT:
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Any member of the public may address the Redevelopment Agency
during the Public Comments portion of the Agenda, unless it is a
Public Hearing or Discussion /Action item. Speakers who wish to
address the Redevelopment Agency concerning a Public Hearing or
Discussion /Action item must do so during the Public Hearing or
Discussion /Action portion of the Agenda for that item. Speaker
Cards must be received by the Secretary of the Redevelopment Agency
prior to the Call to Order of the meeting. Speakers will be heard
in the order that their Speaker Cards are received. A limitation
of 3 minutes shall be imposed upon each speaker.
TO:
FROM:
DATE:
1-
ITE..
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
The Chairman and Members of the Moorpark
Steven G. Hayes, Economic Development Manager
December 16, 1993
(MRA Meeting of 1 -5 -94)
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SUBJECT: A Resolution of the Moorpark Redevelopment Agency Approving and
Authorizing the Chairman to Execute a Reimbursement AM%
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between the Moorpark Redevelopment Agency and the 1rC Y
(For City Loan for Purchase of MacLeod Property)
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DISCUSSION:
BY
The attached Reimbursement Agreement is being presented to the Moorpark Redevelopment
Agency (MRA) for approval in accordance with Section 33670 of the California Community
Redevelopment Law and for auditing purposes for filing the Annual Statement of Indebtedness.
The loan amount of $3,500,000 contained in Exhibit "A" attached to the Reimbursement
Agreement is for the purchase of properties located between Los Angeles Avenue on the south,
Poindexter Avenue to the north and to the east of Gisler Street as shown on the City of
Moorpark's Zoning Map.
The remainder of the funding for the total $5.5 million dollar purchase will consist of
$1,500,000 of Redevelopment Bond proceeds reserved for affordable housing and the City will
pay $500,000 for approximately six acres of park property.
The interest rate to be paid is ten percent (10 %) per annum or the maximum rate allowed by
law, whichever is less.
RECOMMENDATION:
Staff recommends that the Moorpark Redevelopment Agency adopt Resolution No.94 =
authorizing the Chairman to execute the attached Reimbursement Agreement by and between the
City of Moorpark and the Moorpark Redevelopment Agency.
Attachment: Resolution No. 94-
Reimbursement Agreement
MRA /SGH039/AGN/12/16/93
j 1
ITEM
.A.
AGENDA REPORT
MOORPARK REDEVELOPMENT AGENCY
TO: The Chairman and Members of the Moorpark Redevelopment Agency
FROM: Steven G. Hayes, Economic Development Manager
DATE: December 17, 1993 (MRA Meeting of 1 -5 -94)
SUBJECT: Review Funding Alternatives for Ventura County Library
DISCUSSION:
With the drastic cut in State revenues to special districts, the County Library Services Agency
reduced the Moorpark Branch Library. The City Council has been reviewing various ways to
help support the Ventura County Library in extending the hours of operation. At present time
the County of Ventura has rejected the City for funds to extend the library's hours of operation
including the proposal to request the Agency approve an early pass through of tax increment
funds to the County. The Moorpark Redevelopment Agency has been requested to explore
additional options in this regard.
The City Council expressed a desire to find a source of funds which may supplement or supplant
general fund monies for supporting the library and ask the Agency if it could assist in this
funding. The City Council has already committed to helping financially with the expansion of
the library facility in the future, and has designated approximately $60,000.00 for this project.
In the study of this situation there are basic restrictions of Agency funds that must be considered.
The California Community Development Law allows tax increment revenues to be used to
provide funds for the construction of facilities, to purchase and sell land at a discount, and to
allow additional pass through of increment funds to mitigate the fiscal impacts resulting from
the Redevelopment Project. Operations and maintenance of projects and /or facilities, do not fall
into the categories of appropriate expenditures.
RECOMMENDATION:
Direct staff as deemed appropriate.
MRA /SGH041 /AGN/12/17/93
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