HomeMy WebLinkAbout3/2/2005 - STAFF REPORTS (5) CITY OF PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY
MINUTES
WEDNESDAY, FEBRUARY 16, 2005
CITY COUNCIL CHAMBER
CALL TO ORDER: Chair Oden called the meeting to order at 9:22 P.M.
ROLL CALL:
PRESENT: Agency Members Foat, Mills, Pougnet, McCulloch, Chair Oden.
ABSENT: None.
APPROVAL OF THE AGENDA:
Agency Members Foat and Mills noted their abstentions from Community
Redevelopment Agency Item RA2; property ownership.
CONSENT CALENDAR:
ACTION: Approve Items RA1 and RA2. Motion Agency Member McCulloch,
seconded by Agency Member Pougnet and unanimously carried noting the
abstentions of Agency Members Mills and Goat on Item RA2.
RA1. APPROVAL OF MINUTES:
ACTION: Approve the Community Redevelopment Agency Minutes of
December 1, 2004 and February 2, 2005. Approved as part of the Consent
Calendar.
RA2. REPAYMENT AND RE-LENDING OF LOANS IN MERGED AREA NO. 1 AND
MERGED AREA NO. 2:
ACTION: 1) Adopt Resolution Nos. 1274 and 1275 "A RESOLUTION OF THE
COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF PALM
SPRINGS, CALIFORNIA AMENDING THE BUDGET FOR THE 2004-05 FISCAL
YEAR;" and 2) Approve the following loan repayments and new loans (at 6%
interest) from the General Fund, effective February 16, 2005:
Loan Repay New Loan
Merged Area No. 1 Debt Service $ 600,000.
Merged Area No. 1 Capital Project $ 600,000.
Merged Area No. 2 Debt Service $ 300,000.
Merged Area No. 2 Capital Project $ 300,000.
Approved as part of the Consent Calendar noting the abstentions of
Agency Member Mills and Agency Member Foat.
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City of Palm Springs
Community Redevelopment Agency
February 16, 2005 Minutes
Page 2
ADJOURNMENT: The Community Redevelopment Agency adjourned at 9:24 P.M.
APPROVED BY A MOTION OF THE CITY OF PALM SPRINGS COMMUNITY
REDEVELOPMENT AGENCY THIS 2"d DAY OF MARCH, 2005.
Chair
ATTEST:
Assistant Secretary
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