HomeMy WebLinkAboutAG 1999 0303 RDA REG0
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ANNOTATED
MOORPARK REDEVELOPMENT AGENCY
REGULAR MEETING AGENDA
WEDNESDAY, MARCH 3, 1999
7:00 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
7:12 P.M.
2. ROLL CALL:
ALL AGENCY MEMBERS PRESENT
3. PUBLIC COMMENT:
NONE
4. PUBLIC HEARINGS:
5. PRESENTATION /ACTION /DISCUSSION:
A. Consider Refunding of the 1993 Tax Allocation Bonds with a New
Money Component. (Continued from February 17, 1999) Staff
Recommendation: 1) Direct staff and the financing team to
proceed with the preparation of financing documents and to
submit said documents to both Standard & Poor and to various
bond insurers; 2) Price the bonds after formal approval of the
financing documents by both the Agency and the City Council at
a meeting to be held in March; 3) Instruct the financing team
that the "new money" portion is to be at least $1,950,000
prior to pricing the bond issue; 4) Enter into an Agreement
with the law firm of Quint & Thimmig to serve as Bond Counsel
subject to approval of the Executive Director and Legal
Counsel, and authorize the Executive Director to sign said
agreement; and 5) Enter into an Agreement with the firm of
Miller & Schroeder Financial, Inc. to serve as Underwriter
subject to approval of the Executive Director and Legal
Counsel, and authorize the Executive Director to sign said
Agreement.
Redevelopment Agency Agenda
March 3, 1999
Page 2
CONTINUED TO 3/17/99; STAFF TO PROVIDE CLARIFYING INFORMATION.
B. Consider a Development Loan for the Westgate Plaza Development
Project. Staff Recommendation: Direct staff as deemed
appropriate.
DIRECTED STAFF TO WORK WITH THE APPLICANT ON ISSUES RAISED AND
THEN RESCHEDULE.
6. CONSENT CALENDAR:
A. Consider Approval of Minutes of the February 17, 1999 Regular
Redevelopment Agency Meeting.
Staff Recommendation: Approve the minutes as processed.
APPROVED AS AMENDED.
7. CLOSED SESSION:
A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Significant exposure to litigation pursuant to Subdivision (b)
of Section 54956.9 of the Government Code: (Number of cases to
be discussed - 4)
8. ADJOURNMENT:
11:35 P.M.