HomeMy Public PortalAboutA 1989-02-23 LYNWOOD LOCAL DEVELOPMENT COMPANY � :;��
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LYNWOOD LOCAL DEVELOPMENT COMP�Y ,�
RECEIVED I
BOARD OF DIRECTORS CITY OF LYNV�'OOD
CITI' C_F":;� 0f[-',^.E
Thursday, February 23, 1989
FEB 2 0 1989
2:00 p.m. AM PM
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CITY COUNCIL CHAMBERS �
LYNWOOD CITY HALL , ; (�,��e-a�ceC
11330 BULLIS ROAD jjj. a
LYNWOOD, CALIFORNIA ��,����
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A G E N D A
WILLIAM KOLITZ .
CHAIRMAN
JIM MORTON BERNARD LAKE
VICE-CHAIRMAN SECRETARY-TREASURER
HARRY PRINS DR. BERNARD STEUBER
MEMHER MEMBER I
OPENING CEREMONIES: I
A. CALL TO ORDER I
B. FLAG SALUTE
C. ROLL CALL I
D. CERTIFICATION OF AGENDA POSTING I
E. APPROVAL OF MINUTES - JANUARY 25, 1989
F. ITEMS FOR CONSIDERATION
1. Loan Approval - Grossman - Peerless Stationers
Peerless Stationers has been approved by Security Pacific
National Bank (SPNB) for LLDC assistance in the fon� of i
financing. Attached is SPNB's approval letter for� the
Board's review. Loan documents have been prepared and will �
be executed upon formal LLDC approval.
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Staff has prepared the requried UCC filing to secure this �
loan.
RECOMMENDATZON:
Staff recommends LLDC Board approval of the Groosman/Peerless i
loan.
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2. Graphic Fact Letter �
Attached is the letter directed to the LLDC from Graphic Fact
and staff's response. As directed, staff has forwarded
copies of all materials to LLDC's attorney for review.
3. Warrant Register
It is recommended that the Board approve the attached Warrant _
Register.
G. 'STAFF REPORTS
H. BOARD ORALS
I. ADJOURNMENT `
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R�;SULU'r10N NU.
A RESOLUTION OF THE LYNWOOD LOCAL DEVELOPMENT
COMPANY ALLOWING AND APPROVING THE DEMANDS AND
ORDERING WARRANTS THEREFORE
- The Lynwood Local Development Company �T.LDC; does hereby
resolve as follows:
SECTION 1. That the demands presented, having been
audited, are hereby allowed and approved, and that warrants
ordered drawn therefore by the LLDCC treasurer to the payee and
in the amounts indicated.
Warrant # Payee Description Amount
1 Medical Management Professional $ 50.00
Support Services Services
SECTION 2. That the agency secretary shall certify to the
adoption of the resolution and shall retain a copy thereof for
the record.
PASSED, APPROVED and ADOPTED this � of ,
1989.
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WILLIAM KOLITZ, CHAIRMAN BERNARD LAKE, SECRETARY- i
TREASURER �
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