HomeMy WebLinkAboutAG 2002 1016 RDA ADJ`(ESTABLISHED
NAM 11L War
!Yn of
ANNOTATED
MOORPARK REDEVELOPMENT AGENCY
REGULAR MEETING AGENDA
WEDNESDAY, OCTOBER 16, 2002
ADJOURNED TO OCTOBER 17, 2002
6:30 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
7:02 P.M.
2. ROLL CALL:
PRESENT: AGENCYMEMBERS HARPER, MIKOS, MILLHOUSE, WOZNIAK, AND
CHAIR HUNTER
3. PUBLIC COMMENT:
NONE
4. PRESENTATION /ACTION /DISCUSSION
A. Consider Authorizing $400,000 Loan from Redevelopment
Agency Capital Improvement Tax Increment Fund Account No.
2902 to Janss IV Recreation for Acquisition of 11 -17 East
High Street. Staff Recommendation: Approve $400,000 loan
from Redevelopment Agency Capital Projects Fund 2902 to
Janss IV Recreation for the acquisition of 11 -17 East High
Street, terms of which loan to be three percent (30) fixed
for five (5) years, providing interest rate to be based on
LAIF rate following the initial five years, and capped for
the remainder of the term at six percent (60), such loan
to be secured by a First Trust Deed on the subject
property with additional security in the form of corporate
and personal financial guarantees, with loan terms and
security agreement subject to final language approval by
Redevelopment Agency Agenda
October 16, 2002
Adjourned to October 17, 2002
Page 2
the Executive Director and Agency Counsel, and terms of
such loan to be identified in Promissory Note and Loan
Agreement.
APPROVED STAFF RECOMMENDATION. (Voice Vote: Unanimous)
S. CONSENT CALENDAR: THE AGENCY ADOPTED THE CONSENT CALENDAR.
(Roll Call Vote: Unanimous)
A. Consider Approval of Minutes of Regular Meeting of June 5,
2002. Staff Recommendation: Approve minutes.
APPROVED STAFF RECOMMENDATION.
6. CLOSED SESSION: THE AGENCY RECESSED AT 7:07 P.M. FOR CLOSED
SESSION TO FOLLOW CITY COUNCIL MEETING. RECONVENED AT 8:25
P.M. FOR CONSIDERATION OF ITEM 6.C.
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)
B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION
Initiation of litigation pursuant to Subdivision (c) of
Section 54956.9 of the Government Code: (Number of cases
to be discussed - 4)
C. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION
(Subdivision (a) of Section 54956.9)
Mission Bell Plaza Phase II, LLC, a California limited
partnership vs. Redevelopment Agency of the City of
Moorpark (Case No. SCO28906)
D. CONFERENCE WITH REAL PROPERTY NEGOTIATOR
(Pursuant to Government Code Section 54956.8)
Property: 203 E. Los Angeles Ave., Moorpark, CA 93021 and
213 E. Los Angeles Ave., Moorpark, CA 93021
Agency Negotiator: Steven Kueny, Executive Director
Negotiating Parties: The Redevelopment Agency of the City
of Moorpark and Wayne Colmer
Under Negotiation: Price and terms of payment
6. ADJOURNMENT:
8:58 P.M.