HomeMy Public PortalAboutM 1980-03-18 - LRA14 {'
REGULAR MEETING MARCH 18 1980
The Lynwood Redevelopment Agency met in the City Hall,
11330 Bullis Road, on above date at 10:30 p.m.
Chairman Morris in the chair.
Members Byork, Green, Higgins, Rowe and Morris answered
the roll call. 0
Also present were Executive Director Davis and General
Counsel Murphy.
Roll Call:
Ayes: Members Byork, Green, Higgins, Rowe, Morris.
Noes: None.
Absent: None.
The Executive Director reported that appraisal of
the Desser property by Donohue and Company will cost
$1 It was moved by Mr. Higgins, seconded by
Mr. Green, that the appraisal be authorized.
Roll Call:
Ayes: Members Byork, Green, Higgins, Rowe, Morris.
Noes: None.
Absent None. n
The meeting was adjourned.
/l
Secretary it
Chairman
It was moved by Mr. Higgins, seconded'by Mr. Byork,
and carried, that the minutes of the regular meeting
of March 4, 1980, be approved as written.
Res. No. LRA
RESOLUTION NO. LRA 80 -4 entitled: "A RESOLUTION OF
80 -4 Demands
THE REDEVELOPMENT AGENCY OF THE CITY OF LYNWOOD,
CALIFORNIA ALLOWING AND APPROVING THE DEMANDS AND
ORDERING WARRANTS DRAWN THEREFOR." was presented. It
was moved by Mr. Higgins, seconded by Mr. Green,
that Resolution No. LRA 80 -4 be approved.
Roll Call:
Ayes: Members Byork, Green, Higgins, Rowe, Morris.
Noes: None.
Absent: None.
Res. No. LRA
RESOLUTION NO. LRA 80 -5 entitled: "A RESOLUTION
80 -5 re
AUTHORIZING THE ISSUANCE OF $20,000,000 PRINCIPAL
LRA Mortage
AMOUNT OF THE LYNWOOD REDEVELOPMENT AGENCY MORTGAGE
Revenue Bonds
REVENUE BONDS ISSUE OF 1980." was presented by the
Executive Director. The General Counsel stated
that legislation is going to be acted upon on March
19, 1980 which would broaden availability of SB99
bonds for new residential and commercial construc-
tion within redevelopment areas. Mr. Rowe stated
that it whould be made clear that the resolution does
not authorize the selling of bonds. It was moved by
Mr. Green, seconded by Mr. Higgins, that Resolution
No. LRA 80 -5 be adopted. '
Roll Call:
Ayes: Members Byork, Green, Higgins, Rowe, Morris.
Noes: None.
Absent: None.
The Executive Director reported that appraisal of
the Desser property by Donohue and Company will cost
$1 It was moved by Mr. Higgins, seconded by
Mr. Green, that the appraisal be authorized.
Roll Call:
Ayes: Members Byork, Green, Higgins, Rowe, Morris.
Noes: None.
Absent None. n
The meeting was adjourned.
/l
Secretary it
Chairman