HomeMy WebLinkAboutMARCH 15,1977
OFFICIAL PROCEEDINGS ARE TAPE RECORDED AND ON FILE IN THE OFFICE OF THE CITY CLERK
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MINUTES
ARCADIA REDEVELOPMENT AGENCY
REGULAR MEETING
MARCH 15, 1977
The Arcadia Redevelopment Agency met in regular session on March 15,
1977 at 9:45 p.m. in the Arcadia City Hell Council Chambe~
PRESENT:
ABSENT:
Members Gilb, Margett, Parry, Saelid, Lauber
None
The Economic Coordinator advised that the Agency has received sufficient
tax collections this fiscal year to enable the Agency to return the
loans made from the City's General Fund. As of July 1, 1976 $28,525
is due the General Fund .. this includes principal plus interest
calculated to that date. It was also submitted that on May 6, 1976
Council Authorized a loan from the Capital Outlay Fund at 7% interest
to the Agency in order to proceed with the Huntington and Second
Avenue project, Also, the Majestic Realty Company Disposition and
Development Agreement was not completed,
It was MOVED by Member Gilb, seconded by Member Saelid and carried on
roll call vote as follows that the Agency authorize the return of the
loans to the General Fund, including interest and that the Agency
cancel the appropriation made in the amount of $65,000 to finance the
Majestic Realty Agreement and that funds be returned including interest.
AYES:
NOES:
ABSENT:
Members Gilb, Margett, Parry, Saelid, Lauber
None
None
Basic concept plans of Frank L. Winnaman for the construction of an
approximately 28,000 sq. ft. industrial building at l36-40 E. Santa
Clara. The Economic Coordinator explained the basic plot plan in
detail and submitted that the final plans will be minutely reviewed in
order to make certain the terms of the agreement are being complied
with. It was MOVED by Member Gilb, seconded by Member Margett and
carried on roll call vote as follows that the basic concept plans be
APPROVED.
AYES:
NOES:
ABSENT:
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Membe,rs
None
None'.-'
Gilb; Marg!,tt" Parry, Saelid, Lauber
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The Arcadia Redevelopment Agency adjourned sine die.
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Chairman
ATTEST:
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ARA
3-15-77