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HomeMy WebLinkAbout1984-06-28MINUTES REGULAR REDEVELOPMENT AGENCY MEETING THURSDAY, JUNE 28, 1984 CIVIC CENTER COUNCIL CHAMBER * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * I. CALL TO ORDER Chairman Snyder convened the meeting at 11:57 p.m. [I. ROLL CALL Present: Excused Absence: Member Phyllis Jackson Member Romeo S. Puluqi Member S. Roy Wilson Chairman Walter H. Snyder Also Present: Vice Chairman Richard S. Kelly Carlos L. Ortega, Executive Director Bruce A. Altman, City Manager Sheila R. Gilligan, Secretary Barry D. McClellan, Director of Public Works Ray Diaz, Director of Environmental Services Kirby J. Warner, Director of Finance 11I. CONSENT CALENDAR A. MINUTES of the Regular Meeting of the Redevelopment Agency of May 24, 1984. Rec: Approve as presented. Upon motion by Puluqi, second by Jackson, the Consent Calendar was approved as presented by unanimous vote of the Members present. IV. ORAL COMMUNICATIONS None V. PUBLIC HEARINGS N one VI. RESOLUTIONS None VII. CONSENT ITEMS HELD OVER N one VIII. NEW BUSINESS A. REQUEST FOR AWARD OF CONTRACT FOR HIGHWAY 111 TRAFFIC SIGNAL MODIFICATIONS. Member Wilson moved to, by Minute Motion, award Contract 1074 to Paige Electric Company. Member Puluqi seconded the motion. Motion carried by a 4-0-1 vote. MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JUNE 28, 1984 * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * B. REQUEST FOR APPROVAL OF AGREEMENT WITH MILLER & SCHROEDER MUNICIPALS, INC. FOR FINANCIAL CONSULTING SERVICES. Mr. Ortega reported that financial consultants had submitted bids, had been interviewed, and Miller & Schroeder selected. He recommended the Agency Board direct the Executive Director to negotiate an agreement. Member Puluqi moved to direct the Executive Director to negotiate an agreement with the firm of Miller & Schroeder for financial consulting services. Member Jackson seconded the motion. Motion carried by unanimous vote of the Members present. C. REQUEST FOR APPROVAL OF SHORT-TERM LOAN FROM CITY CAPITAL IMPROVEMENT AGREEMENT. Mr. Ortega reported that this item had been discussed in Study Session and offered to answer questions if any. Member Puluqi moved to, by Minute Motion: 1) approve the execution of a Promissory Note representing a loan of $2.5 million from the City of Palm Desert to fund a portion of the Agency's Fiscal Year 1984-85 budget, such loan to be paid to the City when the Agency is able to issue long-term financing or obtain a bank loan; 2) waive further reading and adopt Resolution No. 180, authorizing the Agency to pay for all or part of the installation of certain capital improvements; and 3) approve an agreement with the City to install and construct public works capital improvements. Member Wilson seconded the motion. Motion carried by unanimous vote of the Members present. IX. CONTINUED BUSINESS None X. OLD BUSINESS N one XI. REPORTS AND REMARKS A. EXECUTIVE DIRECTOR B. AGENCY COUNSEL C. CHAIRMAN AND MEMBERS OF THE AGENCY XII. ADJOURNMENT Upon motion by Wilson, second by Puluqi, and unanimous vote of the members present, Chairman Snyder adjourned at 12:15 p.m. to 7 p.m. on Thursday, July 5, 1984. ATTEST: 7477' (1 -- WALTER H. SNYDER, CHAIRMAN 'SHEILA R. GIL AN, SEC TARY TO THE PALM DESERT REDEVE MENT AGENCY -2-