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Home My Public Portal AboutA 1987-10-06 LRA %4^K'"'�t� �iL � � � ' . � - . . � �:�'��' �� LYNWOOD REDEVELOPMENT AGENCY ` „ . ,. � 11330 BULLIS ROA� �YNWO00, CALIFORNIq g0262 . (273) 603-0220 AGE�!DA . , LYNWOOD REDEVELOPMENT AGNECY � OCTOBER 5, I�R] REGULAR',MEETING 7:30 P,rt, LYNWOOD CITY HALL, I133� BULLIS ROAD PAUL H. RICHAFtDS II CHAIRMAN , JOHN D. BYORK ROBERT'E�NNING MII�IBER � MII�IBER ' E. L. I�RRIS EVELYN M. WELSS : D4Q�9BER VICE CEII�iRMAN EXECUPIVE DIRECICJR AGED7CY �UNSEI, Q3P.RLES G. GOMEZ HINRY BARBOSA OPENING CERE[�IONIFS A. Call Meeting to Order B. Roll Call. (BYORK-HIIVNING-MORRIS-WELLS-RICHARDS) C. Certification of Agenda Posting by Secretary PUBLIC ORAI, 'GCNN2IJNICATION . (Regarding Agenda Itenis only) ITET95 FOR CONSIDEF2ATION � 1. MINUTES OF PREVIOUS MEEPING Regular Meeting bf June.16, 1987 . Special Meeting of June 22, 1987 Special Meeting of June 29, 1987 Regular Meeting of July 7, 1987 Regular Meeting of July 21, 1987 < Rec�ilar Meeting of August 4, 1987 Regular Meeting of August 18, 1987 � • I Special Meeting of August 24, 1987 Regular Meeting of September 1, T987 I 2. A RESOLUTION OF THE RIDEVELOPMEN'P AGENCY OF THE CITY OF LYNWOOD, CALIFORD7IA ALIpWING AND APPROVING THE DFSKANDS AND ORDERING WARRANTS THEREFOR. 3. ' LYNWCOD 'IbWNE CENTER-CONSIDERATION OF RF,'VISED SCHEDULE OF PERFORMF�NCE i PROPOSED BY DEVEI.OPER (HOPKINS). I ^.e:,� :'" ` � � � . . � cot,mi�nts : . . - . . On Sept�nber 23, 1987, as per Agency direction staff and Agency Gounsel ' rret with representatives of the Hopkins Develogr�nt Campany in order to discuss the followinq: revised performance schedule, liquidated damages and changes/revisions to the original scope of development. ' The Developer proposed a revised schedule for project canpletion which substantially differed from the one proposed to the P�ency on SeptemY�er 15, 1987 (Lynwood Towne Center to be ccmpleted by June 1, 1987)., Since the Agency's highest priority is the ccmpletion of the Lynwood Towne Center at the earliest possible date, staff and Agency Counsel felt that the proposed canpletion schedule (shops and site work to be ccmpleted by Nk3rch 1, 1988; drugstore to be ccmple�ed . by April 1, 1988; and market ' to be ccmpleted by September l, 1988) had to be considered by the full Agency prior to any further consideration of any other issues such as liquidated damages and changes/revisions to the scope of development: (NO STAFF REPORI' ATTAG'�IED) Rec�nnendation • " It is reca�unended that the Pgency consider the proposed revised perfoxmance scheduIe and direct staff and Agency Counsel accordingly. ; (CLfJSED SESSION MAY BE REQUIRID) AGENCY ORAL AND WRITPEN CI�IUNICATION � PUBLIC ORP,L COMMUD?ICATION " . . AL170URI�III�T : - � �� . Motion to adjourn to a Regular Meeting of the Lynwood Redevelo�ent Agency to be held october 20, 1987 in the Council Chambers of C7ity Hall, 11330 Bullis RDad, Lynwood, California. � � 'I I ' 1 ` � f , � � REDEVELOPNIENT. MEETING DATE ocTOBER 6, igs� z ITEM # R MEMO RES N0. ORD N0: VOTE DESCRIPTION #1 Minutes of Previous Dleetings: Regular meeting - June 16, 1987 Special meeting - June 22, 1987 SpeciaT meeting - June 29, 1987 Regular meeting - July 7, 1957 Regular meeting - June 21, 1987 Regular meeting - August 4, 1987 Regular meeting - August 18, 1987 Special meeting - Aigust 24, 1987 Regular meeting - September 1, 1987 #2 LRA RESOLUTION N0. �� entitled: "A RESOLUTTON OF THH REDEVELOPMENT • AGENCY OF THE CITY OP LYNWOOD, CALIF- , ORNIA ALLOWING AND APPROVING THE DEMANDS AND ORDERING SVARRANTS THEREFOR." #3 LYNlU00D TOWNE CENTER REVISED SCHEDULE OF PERFORMANCE PROPOSED BY DEVELOPER �� (Hopkins). Recommended that "the Agency consider the proposed revised performance schedule and direct staff. '; � A �' • • • �� .�� LYNWOOD AEDEVELOPMENT AGENCY ' 77330 BULLIS ROAD LYNWO00, CALIFORNIA 90262 (213) 603-0220 AGEf�?lA LYNWOOD REDEVELOPMENT AGNECY OCTOBER 5, I�R� REGI!LAR MEETING �t3O P,M, _ LYNWOOD CITY HALL, 11�3� BULLIS ROAD � PAUL H. RICHARDS II CHAIRMADI JOHN D. BYORK Id�BERT FFIENNNING N�S78ER � h1�S9BF12 E. L. N1�RRIS EVf�.'LYN M. NIE�,LS h�2�IDE�2 VICE CS�AIRMP.N EXEGVPIVE DIRECIbR � AGENGY GOUNSEL Q3ARLFS G. . GONIEZ . HQQf2Y BAFtBOSA OPIIIING CERII✓bNIFS A. Call Meeting to Order . B. Roll Call. (BYORK-F�II4ING-MORRIS-YdEL,LS-RICHP,FtDS) C. Certification of Pgenda Posting by Secretary PUBLIC ORAL '�JNICATION (Regarding Pgenda Items Only) ITEMS FbR �NSIDII2ATION 1. MINUI'FS OF PREVIOUS [�EPING Regtilar Meeting of June 16, 1987 Special Meeting of June 22, 1987 Special Meeting of June 29, 1987 R� Meeting of July 7, 1987 Reg��lar Meeting of July 21, 1987 Regular Meeting of August 4, 1987 Regular Meeting of August 18, 1987 Special Meeting of August 24, 1987 RPrn,�ar Meeting of SeptemUer 1, 1987 2. A RESOLUTION OF THE RIDEVEIJJPMII�TP AGENCY OF '!'f� CITY OF LYNWOOD, CALIEi�ItNIA ALSpWING AND APPROVING THE DF�NANDS AND ORDERIriG WARRANPS THERF.FUR. 3. LYNWOOD 'IC��WNE CEDPI'ER-CONSIDERATION OF RE.'V2SED SCF�DULE OF PERF'ORMANCE PROPOSID BY DEVII�OPEF2 (HOPKINS) . . � � • � � Cotrn�nts • On Septanber 23, 1987, as per Pgency direction staff and Pgency Counsel met with representatives of the Hopkins DeveloFment Canpany in order to discuss the following: revised perfonnance schedule, liquidated damages and changes/revisions to the original scope of development. The Developer proposed a revised schedule for project caripletion which substantially differed from the one proposed to the Pgency on Septenber 15, 1987 (Lyrnaood Zbwne Center to be ca�leted by June 1, 1987). Since ' the Agency's highest priority is the campletion of the Lynwood 'Ibwne Center at the earliest possible date, staff and Agency c.bunsel felt that the proposed canpletion schedule (shops and site work to be c�nqpleted by March 1, 1988; drugstore to be car�leted . by April 1, 1988; and market to be canpleted by SeptemUer 1, 1988) had to be considered by the full Pgency prior to any £urther consideration of any other issues such as liquidated damages and changes/revisions to the scope of developrient. , (NO STAFF REPORT ATTACHED) � Recacnnendation It is recacmended that the Agency consider the proposed revised perfozmance schedule and direct staff arxl Agency O�unsel accordingly. (QlJSID SESSION MAY BE REQUIRID) AGINCY ORAL AND WRITTEN C�NIINUNICATION PLIBLIC ORAL CY�MMUI�?ICATION ' AWOUFtI�N1II�T : Motion to adjourn to a Regular Meeting of the Lynwood Redevelognent Agency to be held October 20, 1987 in the Council Chambers of City Hall, 11330 Bullis Road, Lynwood, California. I i I � i I � i I I ( � , I I � I i i � � i � .� � � � REGULAR MEETING JUNE 16, 1987 The Lynwood Redevelopment Agency met in a regular session in the City Hall, 11330 Bullis Road on the above date at 7:36p.m. Chairman Richards in the chair. Members Byork, Henning, Morris, W�lls, Richards answered the roll call. Also present were Executive Director Gomez, General Counsel Yeager, Secretary Hooper and Treasurer Wright. ' Secretary Hooper announced the agenda had been duly posted according to The Brown Act. Chairman Richards inquired if anyone present wished to speak at this time on any of the agenda items. Hearing none, the public orals were closed. It was moved by b9r. Morris, seconded by Mrs. Wells that the minutes of the following meetings be approved as written: Regular meeting of May 19, 1987 Regular meeting of June 2, 1987 , ROLL CALL: I AY BYORK, HENNING, MOHRIS, WELLS, RICHARDS i NOES: NONE ABSENT: NONE 1 I LRA RESOLUTION 87-19 entitled: "A RESOLUTION OF THE REDEVELOPMENT i AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA ALLOWING AND APPROVING THE DEh1ANDS AtvD ORDERING WARRANTS THEKEFOR." was presented. It was moved by Mrs. Wells, seconded by Mr. Henning that the I resolution be adopted. I ROLL CALL: � AYES: MEDIBER BYORK, HENNING, MORRIS, WELLS, RICHARDS ! NOES: NONE i ABSENT: NONE I Chairman Richards stated the consideration of the acquisition of , property at 11346 Court Street in the Commercial Center site, the � Agency will recess to Closed Session. General Counsel Yeager stated the Agency will meet in Closed Session with their negotiator I regarding possible acquisition of real property at 11346 Court Street. ' It was moved by Mr. NSo�'ris, seconded by Mrs. Wells to recess to � Closed Session at 7:38p.m. ROLL CALL: ' AYE� BYORK, MORRIS, WELLS, RICHARDS I NOES: METIBER HENNING i ABSENT: NONE i The Agency reconvened at 7:44 p.m. �_ � i General Counsel Yeager stated the Agency met in Closed Session � regarding the property at 11346 Court and staff is requesting authori- � zation to purchase the property at 11346 Court for the final offer I made by the owner of the property for $30,000 and direction to staff � to draft an agreement and escrow which reflects that arrangement and i authorize the Chairman to sign the appropriate papers. � It was moved by Mr. Henning, seconded by Mrs. Wells that staff be � directed to purchase the pY��perty at 11346 Court for the final offer � made by the owner of the property for $30,000 and that staff draft an agreement and escrow which reflects that arrangement and authorize � the Chairman to sign the appropriate papers. �._.___ � _.._.._..__ ---- . t . AG:.'i'7iA I TF3f I._ � ' I .��-: ,; , � i I I . � � ROLL C.ALL AYES: MEMBER BYORK, HENNING, MORRIS, l4ELLS, RICHARDS NOES: NONE ABSENT: NONE Mr. Henning inquired as to the Lynwood Towne Center in regards to what the hold up is and when will building begin. Community Development Diiector V..Mas explained the grading and that Southern California'Edison is re-routing the Electricity and this should be completed by July 1 and construction will begin by the end of July. I There was no further business, and it was moved by Mr. Byork, seconed by Mrs. Wells to adjourn to July 7, 1987. ROLL CALL: AY��MEMBER BYORK, HENNING, MO}tRIS, WELLS, RICHARDS NOES: NONE .. ABSENT: NONE a C airman I ' ! APPROVED I 1 . i I Secretary � i I I � i i I � � I I ; i � i I .. • � SPECIAL MEETING JUNE 22, 1987 The Lynwood Redevelopment Agency met in a special meeting in the City Hall, 11330 Bullis Road, on the above date at 8:OSp:m. Chairman Richards in the chair. Members Byork, Henning, Morris, Wells, Richards answered the roll call. �Also present were Assistant Executive Director Fraser, General Counsel Yeager, Secretary Hooper and Treasurer Wright. Secretary Hooper stated the agenda was posted in accordance with The Brown Act. Chairman Richards stated-the item to discuss is the consideration , of an approval to pave temporary parking areas near the Lynwood Water Yard and School District Administration Building. Staff reported the construction of the Lynwood Towne Center and , the Century Freeway has eliminated needed parking which previous- ly serviced the Lynwood Water Yard employees and the Lynwood Uni- fied School District Administration building. The paving would be for temporary parking to service the facilities needs. After the Agency discussion: It was moved by Mrs. Wells, seconded by Mr. Morris to approve the paving of temporary parking areas to service the facilities needs. ROLL CALL: EA�c T4EMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE Mrs. Wells inquired if the Traffic signal at Sanborn and Long Beach Blvd was going .to be changed to Mulford. Community Director V. Mas explained the main entrance to the shopping center is at Mulford. That intersection will be improved and the present traffic signal will be improved and re- main. The cost of adding another traffic signal on Beechwood on the north will be the only public right of way on the left and it would be quite expensive. Mr. Henning stated he did not receive his Lynwood Redevelopment Agency Agenda in advance of ineeting. Chairman Richards stated if all else fails the agenda was properly posted !� There was"no further business and it was moved by Mr: Morris, �� seconded by Mr. Byork to adjourn to a special workshop session � '_... June 29, 1987. + i C airman � � ,. I I APPROVED � � I � ecretary I � ' � � . , � � � SPECIAL MEETING JUN� 29, 1987 The Lynwood Redevelopment Agency met in a special meeting in the City Hall, 11330 Bullis Road on the above date at 6:07p.m. Chairman Richards in the chair. Members Byork, Morris, �'ells, Richards answered the roll call. Mr. Henning was absent. Also present were Executive Director Gome2, Secretary Hooper and Treasurer Wright. � Secretary Hooper stated the agenda had been duly posted according to The Brown Act. There were no Public Oral Communications. LRA RESOLUTION N0. 87-20 entitled: "A RESOLUTION OF THE REDEVELOP- MENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA ALLOWING AND APPROVING THE DEMANDS AND ORDERING WARRANTS THEREFOK." was presented. It was moved by Mr. Morris, seconded by Mrs.iWlells that the resolution ' be adopted. � ROLL CALL: � �MEMBER BYORK,.D90RRI5, WELLS, RICHARDS i NOES: NONE � ABSENT: MEMBER HENNING i There was no further business and it was moved by Mrs. Wells, ; seconded by Mr. Byork to adjourn to July 7, 1987. ! C airman � APPROVED / I I Secretary ; i � I� 'i I , i I � � REGULAR MEE1'ING JULY 7, 1987 The Lynwood Redevelopment Agency met in a regular session in the City Hall, 11330 Bullis Road, on the above date at 7:35p.m. Chairman Richards in the chair. Members Byork, Henning, Morris, Wells, Richards answered the roll call. Also present were �xecutive Director Gomez, Assistant General Counsel M. Hueb'sch, 5ecretary Hooper and Treasurer Wright. 5ecretary Hooper announced the Agenda had been duly posted according to The Brown Act. . LRA RESOLUTION 87-21 entitled: "A xESOLLJTION OF THE LYNWOOD REDEVELOPb9ENT AGENCY ENTERING INTO AN AGxEEMENT WITH KATZ, HOLLIS, COREN AND ASSOCIATES, INC." was presented. It was moved by Mr. Henning, seconded by Mr. Morris that the resolution be adopted and to authorize the Chairman to execute the agreement. I ROLL CALL: AY��dEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS � NOES: h'ONE � ABSENT: NOhE ; Communit Director V. Mas stated the A enc has y g y just completed � the acquisition of the property at 11696 Atlantic Avenue for the � purpose of redeveloping the site at a future date. Staff is , requesting direction from the Agency on whether to continue the lease with the existing tenant or to relocate the tenant, clear � the site, and improve it for parking. I After Agency discussion, � It was moved by Mr. Morris, seconded by Mr. Byork to continue to I lease with the existing tenant on a month to month bases. i ROLL CALL: AY�: BYORK, HENNING, MORRIS, WELLS, RICHARDS � NOES: NONE ABSENT: NONE i LRA RESOLUTION N0. 87-22 entitled: "A RESOLUTION OF THE LYNWOOD � REDEVELOPD1ENT AGENCY BOARD OF DIRECTOHS ADOPTING THE FISCAL YEAR � 1987/88 ANNUAL BUDGET." was presented. ' It was moved by Mr. Morris, seconded by Mrs. Wells that the resolution � be adopted. � ROLL CALL: YES�.�MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS I NOES: NONE ! ABSENT: NONE ; Chairman Richards stated at a Special Meeting of the Agency June 22, I 1987, he informed the Agency of potential savings from refunding the 1976 and 1986 Tax Allocation Bond Issues. The Agency at that time requested staff to pursue this matter and bring back further informa- i tion. I Mr. Henning stated the item for this amount is against the law in ', regards to the bidding procedures. It's a violation of State and local laws. ; i After Agency discussion, ; It was moved by Mr. Henning, seconded by Mrs. Wells to cancel the I item of Proposed Refunding of 1976 and 1986 Tax Allocation Bonds. � i � I � � ROLL CALL AYES: MEMBER HENNING, WELLS NOES: MEMBER BYORK, MORRIS, RICHARDS ABSENT: NONE Motion fails. After further discussion, LRA RESOLUTION entitled: "A HES�LUTION OF THE BOARD OF DIxECTORS OF THE LYNWOOD REDEVELOPMENT AGENCY AUTHORIZING THE RETENTION OF WESTPAC BANKING CORPORATION AS THE UNDERIVkITER FOR THE REFUNDING OF SERIES 1976 AND 1986 TAX ALLOCATION BONDS." was presented. i It was moved by Mr. Morris, seconded by Mr. Byork that the resolution be adopted. NO ROLL CALL. Alexis Jackson, Vice President, Public Finance Department of Westpac Banking Corporation, 444 South Flower Street, Los Angeles explained the Company's proposal to £urnish underwriting services to the Agency for the proposed refunding of Series 1976 and 1986 Tax Allocation Bonds. Our analysis demonstrates.savings in excess of $365,000 available to the Agency at closing. In addi- tion to these savings, this refunding is predicated on lifting certain covenants from the transaction,.thereby giving the Agency greater flexibility in this financing. She gave and furnished background information about Westpac Bank which provides a full range of financial advisory, investment banking and consulting services through our Public Finance Department. After further Agency discussion, It was moved by Mr. Byork, seconded by Mr. Henning, a substitute amended motion to hold the proposed refunding o£ the 1976-1986 Tax Allocation Bond to the last meeting in August for further clarification. ROLL CALL: E�MEMBEK BYORK, HENNING, WELLS, RICHARDS NOES: MEMBER MURRIS ABSENT: NONE PUBLIC ORAL COMMUNICATIONS Don Poole, 1880 Josie, Long Beach, stated his concerns are what you want is competitive bidding as opposed to negotiating contracts not justthis contract but any contracts for city services. Has heard descent among the members as to which way it should be. Feels that is a larger issue, the members should come to terms as to how to do city business. William Wright, 4201 Elmwood, stated hisconcerns are that he's heard during the member discussion, nothing was explained as to when the members decided as a body, to refinance the bonds. Chairman Richards, stated this matter has been discussed at previous Agency meetings and staff has been reviewing this issue and had brought this item before the Agency at the last meeting. Joe Smith, stated fairness to any company, all companies have the I right to come into any city and the right to bid on anything the city might have. Patricia Carr, questioned if any other company had bid on the refinancing of the bonds or only Westpac, and are there other companies interested. � � Chairman Richards stated no, that no other company had bid because this item did not go out £or bid. Stated he brought this company before this body for information as Chairman and any other member can bring information like this to the members. The reason for doing it was to see if the city could realize a savings for the city by refinancing the bonds. Caf£ie Green, stated everyone tonight is getting an education in State law, and now that everyone is educated, should get on with the city's business. There was no further business, and it was moved by Mr. Byork, � seconded by Mr. Morris to adjourn to July 21, 1987. ROLL CALL AYES: MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE C airman APPROVED ecretary � i 1 . . 1 � � � REGULAR MEETING JULY 21; 1987 The Lynwood Redevelopment Agency met in a regular session in the City Hall, 11330 Bullis Road, on the above date. Chairman Richards in the chair. Members Byork, Henning, Morris, Wells, answered the roll call. Also present were Executive Director Gomez and General Counsel K. Yeager. Due to the absence of Secretary Hooper, Thelma Fong, Court I Reporter, took minutes. Executive Director Gomez announced the Agenda was duly posted according to The Brown Act. LRA RESOLUTION N0. 87-23 entitled: "A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOdD, CALIFORI3IA, ALLOWING AND APPROVING THE DEMANDS AND ORDERING WARRANTS THEREFOR." was presented. It was moved by Member Henning, seconded by Member Wells that the resolution be adopted. ROLL CALL AYES: MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: ' NONE ABSENT: NONE PUBLIC ORAL COMMUNICATIONS Seeing no one, Public Oral Communications was closed. There was no further business and it was moved by Member Henning, seconded by Member Morris to adjourn to August 4, 1987. ; ` i C airman APPROVED Secretary 1 . � • REGULAH MEETING AUGUST 4, 1987 • The Lynwood Redevelopment Agency met in a regular session in the City Hall, 11330 Bullis Road on the above date at 7:34 p.m. Chairman Richards in the chair. Members Byork, Henning, Morris, Wells, Richardsanswered the roll call. Also present were Executive Director Gomez, General Counsel Yeager, Secretary Hooper and Treasurer Wright. Secretary Hooper announced the Agenda had been duly posted according to The Brown Act. LRA RESOLUTION N0. 87-24 entitled: "A RESOLUTION OF 1T-IE REDEVELOP- MENT AGENCY OF THE CITY OF LYNWOOD, LYNWOOD, CALIFORNIA, ALLOlUING AND APPROVING THE DEMANDS AND ORDERING WARRANTS THEREFOR." was presented. LRA RESOLUTION N0. 87-24A entitled: "A KESOLUTION OF THE REDEVELOP- MENT AGENCY OF .THE CITY OF LYN1900D, LYNWOOD, CALIFORNIA, ALLOWING AND APPROVING THE DEh1ANDS AND OkDERING WARRANTS THEREFORE." was presented. It was moved by Mr. Henning, seconded by A4rs. Wells that the fore-, going resolution be adopted. ROLL CALL: AYE�—MEAiBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE Chairman Richards stated item no. 3, Lynwood Towne Center, staff is asking for a Closed Session. General Counsel Yeager stated the item was subject to Closed Session. Chairman Richards requested the Closed Session be held at the conclusion of the City Council Agenda. Chairman Richards stated Shell Oil Company is requesting to drill wells in the Redevelopment property for monitoring wells. Mr. Henning stated if this digging is going to hold up our redevelop- ment, the City should consider a fee charge for this. Community Director V. Mas explained the request from Shell Oil and if the Agency is going to approve this request, an Agreement should be subject to General Counsel approval. After further Agency discussion, It was moved by Mrs. Wells, seconded by Mr. Morris, to approve, subject to compliance with certain fair standards and safe guards, fees and �. deposits to be determined by staff and reviewed by General Counsel with a minimum of $5,000 fee. ROLL CALL: A E� S: MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ; ABSENT: NONE } PUBLIC ORAL COMMUNICATIONS: ! Robert Fry, 12501 Alpine, inquired now that Boy's Market had acquired Foods Company, will this slow up our shopping center. Executive Director Gomez stated he saw no reason for it to be held up. There was no further business and it was moved by Mr. Morris, seconded by Mr. Byork to recess at 8:01 p.m. to the City Council meeting. � � Agency reconvened at 9:20 p.m. for Closed Session. Agency reconvened at 10:20 p.m. General Counsel Yeager stated the Agency met in Closed Session to consider the proposal of Hopkins Development for modifica- tion of the DDA and staff received direction to go back and talk further with the developer. There was no further business and it was moved by Mrs. Wells, seconded by Mr. Henning to adjourn to August 18, 1987 ROLL CALL: I A�E� MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE airman APPROVED Secretary �� I 1 ! I 1 I i i i I I � � � � REGULAR MEETING AUGUST 18, 1987 The Lynwood Redevelopment Agency met in a regular session in the City Hall, 11330 Bullis Road on the above date at 7:35 p.m. � Chairman Richards in the chair. Members Byork, Henning, Morris, Wells, Richards answered the roll call. Also present were Executive Director Gomez, General Counsel Yeager, Secretary Hooper and Treasurer Wright. Secretary Hooper announced the Agenda had been duly posted according to The Brown Act. PUBLIC ORAL COMb9UNICATIONS Hearing none the Public Orals were closed. SCHEDULED MATTERS LRA RESOLUTION N0. 87-25 entitled: "A RESOLUTION OF THE REDEVELOP- MENT AGENCY OF THE CITY OF LYNWOOD, CALIFORNIA ALLOWING AND APPROV- ING THE DEMANDS AND ORDERING WARRANTS THEREFOR." was presented. It was moved by Mr. Morris, seconded by Mr. Henning that the reso- lution be adopted. ROLL CALL AYES: MEP•1BER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE Treasurer Wright explained the request of authorization to invest LRA Funds in the Los Angeles County Treasury Pool. � After Agency discussion, LRA RESOLUTION N0. 87-26 entitled: "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE LYNWOOD REDEVELOPA7ENT AGENCY AUTHORIZING AND REQUEST- ING THE INVESTDIENT OF EXCESS FUNDS IN THE LOS ANGELES COUNTY TREASURY POOL." was presented. It was moved by Mr. Henning, seconded by Mr. Morris that the resolution be adopted. ROLL CALL: AY�—MEAIBER BYORK, HENNING, MORRIS, l4ELLS, RICHARDS NOES: NONE ABSENT: NONE Chairman Richards stated item no. 4, Lynwood Towne Center, Developer's Request for Financial Assistance and Amendment to the Disposition and Development Agreement (DDA) and item no. 5, Selection of Agency Counsel is proper subject for Closed Session and Closed 5ession will be held at the end of the regular Council meeting. It was moved by Mrs. Wells, seconded by D1r. Henning to recess to the �� City Council meeting at 7:42 p.m. i " ROLL CALL: ' A�YE�—MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE I � The Agency reconvened at 8:20 p.m. to recess to Closed Session. � The Agency reconvened at 9:35 p.m. � General Counsel Yeager stated the Agency met in Closed Session with i i I , I 1 � � your negotiator regarding acquisition of real property in the Hopkins site. No action was taken. There was no further business, and it was moved by Mrs. Wells, seconded by Mr. Morris to adjourn to September 1, 1987. C airman APPROVED ecretary I 1 I I i i � � I � i � 4 � , � � � REGULAR MEETING SEPTEMBER 1, 1987 The Lynwood Redevelopment Agency met in a regular session in the City Hall, 11330 Bullis Road on the above date at 7:37 p.m. ' Chairman Richards in the chair. Members Byork, Henning, Morris, Wells, Richards answered the roll call. Also present were Executive Director Gomez, General Counsel H. Barbosa, Secretary Hooper and Treasurer Wright. � Secretary Hooper �tnounced the Agenda had been duly posted according to The Brown Act. PUBLIC ORAL COMMUNICATIONS Hearing none, the public hearing was closed. LRA RESOLUTION N0. 87-27 entitledt "A kESOLUTION OP THE REDEVELOP- MENT AGENCY OF THE CITY OF LYN1400D, CALIFORNIA ALLOWING ANP APPROV- ING THE DEMANDS AND ORDERING WARRANTS THEREFOR." was presented. It was moved by Mz's. Wells, seconded by Mr. Henning that the resolution be adopted ROLL CALL: YES: 1LAtBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE RESOLUTION entitled: "A RESOLUTION OF THE CITY REDEVELOPMENT AGENCY APPOINTING HENRY S. BARBOSA AS G�NERAL COUNSEL AND THE EIRh7S OF STRADLING, YOCCA, CARLSON AND RAUTH AND KANE, BALMER AND BECKMAN AS SPECIAL AGENCY COUNSEL." was presented. It was moved by Mr. Morris, seconded by Mr. Henning to adopt the resolution. Mr. Henning stated he seconded motion for discussion and stated the Agency voted only on the Barbosa firm as Counsel and another resolution was to be brought back to pro�erly address the special Counsel. After the Agency discussion, Mr. Morris withdrew his motion and , Mr. Henning withdrew the second. LRA RESOLUTION N0. 87-28 entitled: "A RESOLUTION OF THE CITY OF ,LYNl400D REDEVELOPMENT AGENCY APPOINTING HENRY L..BARBOSA AS GENERAL COUNSEL." was presented. ,It was moved by Mr. Henning, Seconded by D4r. M�rris that the resolu- tion be adopted. ROLL CALL: A�E�—MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE - ABSENT: NONE � City Manager inquired if Stradling, Yocca, Carlson and Rauth, naming Mr. Yeager could assist as Agency Counsel for the Hopkins +� Project. PUBLIC ORAL COD1h1UNICATIONS Hearing none, the public hearing was closed. There was no further business, and it was moved by Mr. Byork, seconded by Mr. Henning, to adjourn to September 15, 1987. ROLL CALL AYES: D4EMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NONE , Chairman Secretary - - � . � SPECIAL MEETING AUCUST 24, 1987 The Lynwood Redevelopment Agency met in a special session in the City Ha11, 11330 Bullis Road on the above date at 5:30 p.m. Chairman Richards in the chair. I Members Byork, Henning, Morris, �y'ells, Richards answered the roll call. i i Also present were Executive Director Gomez, General Counsel Barbosa, � Secretary HoopeT and Treasurez Wright. ' i Secretary Hooper announted,the Agen� had been duly posted accordingly I ' with The Brown Act. � I PUBLIC ORAL COMMUNICATIONS � i Hearing none, the public hearing was closed. � Chairman Richards stated item no. 1, is for the appointment of I Agency General Counsel. A resolution is before this Agency and j reflects on the deliberation at the last regularly scheduled meeting. Would like to re£er our consideration the appointment of Henry Barbosa I as Counsel to the Lynwood Redevelopment Agency and to appoint a I special Counsel, two (2) firms; the firm of Kane, Ballman and Beckman ' and Stradling, Yocca, Carlson and Rauth to serve as special Counsel i to the Redevelopment Agency to deal with�special items as City Manager i and Agency members,might £rom time to time, call upon. i It was moved by Mr. Marris, seconded by Mr. Byork to approve the � foregoing item. � After further Agency discussion, j I General Counsel Barbosa pointed out to the Agency tfi�at The Brown Act I � has three components that require you must list the Agenda item and there must be a General dis�ription of the subject matters to be undertaken by the Agency. Stated now while he can agree that the ' title is broad enough ta cover it, the fact that the Agency has gone ( so far to describe the action they are contemplating and why, we I need a more cautious paint of view, wDUld be to take the one action � - tonight and i£ the Agen�y desires to bring up the second part of that � action, which is a special Counsel, but thinks the more conservative � of you in compliance with The Brown Act, would be that the Agency � limit themselves to the action set forth in the notice. � After further discussion, ( i Mr. M brris, and Mr. Byork withdrew the motion and the second. � It was moved by Mr. Morris, seconded by Mr. Byork to appoint Henry , Barbosa as General Agency Counsel with a resolution to follow at the i next regular scheduled meeting. ROLL CALL: i AYES: MEMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE � ABSENT: NONE i i '� Chairman Richards stated item no. Z, Bids for Proposed 1976 and 1986 ( � Bond Refunding, at the time this matter came before the Agency in ( �{ June, interest rates were low and the city could have had a consider- I able amount of savings. Now two months later, that opportunity is � not present. Stated he would like 1) for staff to conduct an analysis I of the proposals received and 2) forego refunding until such time the I market returns to a point for substantial savings to the city. . ! After Agency discussion, � I ' � I � . . . ' � � It was moved by Mr. Byork, seconded by Mrs. Wells to take no action at this time on the Bond Refunding. ROLL CALL: AYE��4EMBER BYORK, HENNING, MORRIS, WELLS, RICHARDS NOES: NONE ABSENT: NOA'E PUBLIC ORAL COMMLTNICATIONS: Dave Richman, 11106 Benwell, stated he had concerns and questions regarding the item which the Agency took no action on. Why was this not heard at a regular meeting rather than a special meeting I� and the next time it's on the Agenda, would like to be notified. Chairman Richards stated the reason this item on Bond Refunding was not on the regular Agency meeting, the Proposals need to be reviewed. i Joe Smith, 12733 Waldorf, stated since taxes run the Government, j feels the people should vote on any bonds. � Chairman Richards explained what bond refunding is. I Leroy Guillroy, 3306 Fernwood, stated he feels more notifications � need to be done in regards to special meetings and perhaps put the I notice on the Access Cable TV Channel. ; Robert Fry 12501 Alpine, stated he liked the idea of reviewing the i five pr�osals you have because the city could be prepared if ' interest rates change, and has confidence in staff and Agency � members to be able to earn money in the best possible way for ' the city. � Dave Richman, 11106 Benwell, inquired if the members have read � perspective for 1986 bonds and page 4 states wzder'the_title subject of redemption of bonds before 1991, will not be subject to redemp- 1� tion. II f AGENCY ORAL COMt�9UNICATI0N5: i Agency members welcomed and congratulated Mr. Barbosa and his � firm as Agency General Counsel. i There was no. fu rther business and it was moved by Mr. Byork, ' seconded by Mr. Henning to adjourn to September 1, 1987. � ROLL CALL AYES: MEAiBER BYORK, HENNING, MORRIS, 1VELLS, RICHARDS I C airman � � APPROVED i i I ecretary � � 1 ! � I I ! � r ' I I � . RE50LUTIOIV N0. L�A � ��-----� --� � -----� --�-- � A RESULUTION OF THE REDEVELOPMENT p.ENCY OF THC CIT`I OF LYNWOOD LYNWOOD, CALIFORNIA ALt_OWING AI'JD nPFROVING THE DEMANDS AND ORDERING � WF�Rf2ANTS THF_REFOR - ,�,_ '� . .__ ...��i _� .. .. ,; ef the �:-cy cF „�� Jc�_ h�,•a; �; ilj - E°_.Olv2 . :n17GW5. Se�tior� l.. �l�hat the demanUS preseriteo, having t,ean reyularly audited, are here6y ailcwed an�i appru.�ad. �nd that warrant> rrder•ed drawn therefor 6y the Aqency l"reasure to the payee and in the amounCs ind;.cated. WAIiF.�:i�d�(: ":1YE:�: _ ^ -------_- F.S� AI`tOUNT AREA A ALAM'cDri -------------------.-..'---�— ------'-�--------------'------ -------------- -----"----'- � 1960 THRE REGCtJTS OF THG � REGISTRATIQN FEE MA5 158.00 79.00 :9.00 � 1901 THE REf:EN7S OF THE REGISTRATION FEE-K K JOHNSON 158.00 79.00 79.00 1962 LYNWUOD REDCVCLOfMENT AGENCV FUNll TRFlNS ;D WESTERN FED S'<L 100,000. 00 i00,000.00 0.00 14G.'� ANIJhr-"y L. HCl[IJEn � � rr�7'r � r o- COM� FOR M�� _!1.,S GF ri�l SQ GG �g. np py J� +,-� SAiiiJ° .., �. �.::�`� FFi;]�L-SSTOr:Ai_ .` f',/Ci;/ rr� - 3fl0. ��,p 1.'�. GO i.�_i. GO ;�,`. �:HS(r,C�J T?�'��.� FEAL EST,iTE Pi � IIVC ES� °. TIT 30,750.00 30,i�;�.00 r_� 1466 r:. l.. M�iF.F.'Ti= COMP FOR MEETi;VC:�; OF S: G'? �- ,- � bQ 00 30. v0 gp. rp ly!�' E��LYN 4:c.1.__S CDMF FOR ML=ET�i!.�GS OF 9!37 r r 1'��0 JOHN G`rOR;( � 3_�. 0..� 1=. r:p i5. 00 la<,. �, i r, C011P FOR MEETI�J•^.S OF 9i87 bv.Op �O.��p 30.G0 i.'l.L F_�.H:\iCDti rC�Mn FOR MEi_TI:d(::S 01 9!::7 �. 1S''U RG�EaT HEIVf.iIViC } 00. 00 ';O. O� 3G. GG ��JMP FDR.MLETl�d;__ OF 9/37 60. OQ 30, 0� 30. 00 19'1 SFCURITY P��iFiC P�ri'. 13fiN4S '•%7b BUNDS FDi9?NISTRATIL�lti f- �� SSQ. OQ ��r� pp ��. �,� 1°.?2 TiMEL'r TFrI�G��P.R'i °FRV OF C Tci'Pc7�; TO 4i ,3:27 �5;;. 00 c 3'8. u0 375. GO � 14'"? MAFcY L.. WRt6;-li'. COMP FOR MEETi„GS pF 9/�% SG.00 25."vv 2`.i.CO ... , -�+� T07AL 135. 122. OQ ]34.211. 00 911.00 � ____________ __=_°___=____ �_____________ � SectSr�� . Tha4: *he Agency� Ser.retary shall certify to the adoption of the resnlut:i.n and shcli deli•:er = certiFied �apu :n the r^. 'freasure �nd shall reiei�in, a cop° ?"?�ereof -nr the r.cord. PASSED. A�r'RO�iED ANL'� ADDPTED THE ---------- day of ---------- , 1.981 :,T7EST : --- -- ------------- --- --_ -- AGENDA ITEM I � . ia!VG!?FA L_ HUOPIIi i- �;__f_i' -� . "r:.�i�nf-. `, . ,.,. .. .,... ... .. � . , , . :.�'� .. . �,�r '., • .