HomeMy WebLinkAboutAG 1999 0421 RDA REGJESTABLISKD
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X71' OF
ANNOTATED
MOORPARK REDEVELOPMENT AGENCY
REGULAR MEETING AGENDA
WEDNESDAY, APRIL 21, 1999
7 :00 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
7:41 P.M.
2. ROLL CALL:
ALL AGENCY MEMBERS PRESENT
3. PUBLIC COMMENT:
4. PUBLIC HEARINGS:
5. PRESENTATION /ACTION /DISCUSSION:
A. Consider Resolution No. 99 -80 Authorizing Issuance and Sale
of Tax Allocation Bonds for Refunding of the Moorpark
Redevelopment Agency's 1993 Tax Allocation Bonds and Related
Actions. Staff Recommendation: 1) Adopt Resolution No. 99-
80 authorizing the issuance and sale of Tax Allocation Bonds
to refund the Agency's outstanding Moorpark Redevelopment
Project 1993 Tax Allocation Bonds and approving related
documents and actions therein; 2) Engage the firm of
Christensen, Bacigalupi and Barris as Disclosure Counsel; 3)
Authorize the Executive Director to execute the Bond
Purchase Agreement immediately after the pricing of the
Bonds, subject to the following conditions: 1. The interest
rate on the Bonds shall not exceed 5.10 percent, and 2. The
Agency financial adviser, Urban Futures, Inc., shall supply
the Executive Director with a "Fairness Opinion" prior to
the execution of the Bond Purchase Agreement. (ROLL CALL
VOTE REQUIRED)
APPROVED STAFF RECOMMENDATION, INCLUDING ADOPTION OF
RESOLUTION NO. 99 -80.
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Redevelopment Agency Agenda
April 21, 1999
Page 2
B. Consider Approving an Agreement with Katz Hollis for a
Downtown Revitalization Analysis and Plan and Consider
Resolution No. 99 -81 Approving a Budget Amendment for the
Project. Staff Recommendation: 1) Approve agreement with
Katz Hollis for a Downtown Revitalization Analysis and Plan
and authorize the Executive Director to execute the
agreement, and 2) Adopt Resolution No. 99 -81 amending the
1998/1999 budget by appropriating $34,000 from the Moorpark
Redevelopment Agency Reserve Fund. (ROLL CALL VOTE REQUIRED)
APPROVED STAFF RECOMMENDATION, INCLUDING ADOPTION OF
RESOLUTION NO. 99 -81.
6. CONSENT CALENDAR:
7. CLOSED SESSION:
8. ADJOURNMENT:
7:51 P.M.