HomeMy Public PortalAboutM 1986-07-15 - LRA3 9
REGULAR MEETING JULY '15, 1986
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 Henning in the chair.
Members Byork, Db rris, Thompson, Wells, Henning ansiaered the
roll call.
It was moved by Mr'. Bvork, seconded by Mrs. Wells, that the
Resolution be adopted and authorizing publication of the
notice of intention to sell securities and authorizing prepar-
ation and distribution of a preliminary official statement
and notice inviting bids be approved.
ROLL CALL
Ayes Members Bvork, Morris, Thompson, Wells, Henning
Noes None
Absent: None
Chairman Henning inquired if there was any information, in
regards to the Commercial Center site, Hopkins Development.
Executive Director stated staff 'is working on the
amendment to the plans which need to be approved by the ,Agency
and staff will be asking the Agency to adjourn to Monday,
Julv 21, 1986, at 5:00 p.m.
Hopkins General Counsel Yeager stated Hopkins Development has done a
Developmt slight reconfiguration of the site which they have received
and need to i.nform,the prospective tenants this week. If it
is rejected by the'prospective, major tenants, they have
requested, pursuant to Agency direction, staff has acknowledged
things would proceed essentially along the lines of plans they
submitted several weeks ago. If on the other hand the
prospective tenants approve the 'slight reconfiguration, con-
demnation proceedings would be avoided which would quicken
the process, but several slight amendments to the redevelop-
ment plan might be required which would then necessitate coming
back to the Agency several weeks for approval, though in
general, it would speed up the process.
There was no further business,
and seconded by Mrs. Wells and
/ July 15, 1986�at�5:00 p.m.
Secretary'
and it was moved by Mr. Moirris
carried, to adjourn to Monday,
APPROVED AUGUST 5, 1986
Chairman
0
Also present were Executive Director Gomez, Citv Attorney
Yeager, Secretary Hooper and Treasurer 1,right.
Tax Alloc.
Chairman IIenn,ing stated the next step in regards to Tax
Bond
Allocation Bond Issue, is for the Agency to "a
Resolution authorizing publication of the notice of intention
to sell securities and authorize the preliminary official
statement and notice inviting bids. After Council discussion,
LRA RES.
LRA RESOLUTION N0. 86 -22 entitled: "A RESOLUTION OF THE LYNJITOOD
#86 -22
REDEVELOPMENT AGENCY PROVIDING FOR THE SALE OF TAX ALLOCATION
BONDS IN THE APPROXIMATE PRINCIPAL AMOUNT OF SIX MILLION DOLLARS
($6,000,000) FOR THE PROJECT AREA A PROJECT, APPROVING THE FORM
OF NOTICE OF INTENTION TO SELL SAID BONDS AND DIRECTING THE
PUBLICATION THEREOF." was presented.
It was moved by Mr'. Bvork, seconded by Mrs. Wells, that the
Resolution be adopted and authorizing publication of the
notice of intention to sell securities and authorizing prepar-
ation and distribution of a preliminary official statement
and notice inviting bids be approved.
ROLL CALL
Ayes Members Bvork, Morris, Thompson, Wells, Henning
Noes None
Absent: None
Chairman Henning inquired if there was any information, in
regards to the Commercial Center site, Hopkins Development.
Executive Director stated staff 'is working on the
amendment to the plans which need to be approved by the ,Agency
and staff will be asking the Agency to adjourn to Monday,
Julv 21, 1986, at 5:00 p.m.
Hopkins General Counsel Yeager stated Hopkins Development has done a
Developmt slight reconfiguration of the site which they have received
and need to i.nform,the prospective tenants this week. If it
is rejected by the'prospective, major tenants, they have
requested, pursuant to Agency direction, staff has acknowledged
things would proceed essentially along the lines of plans they
submitted several weeks ago. If on the other hand the
prospective tenants approve the 'slight reconfiguration, con-
demnation proceedings would be avoided which would quicken
the process, but several slight amendments to the redevelop-
ment plan might be required which would then necessitate coming
back to the Agency several weeks for approval, though in
general, it would speed up the process.
There was no further business,
and seconded by Mrs. Wells and
/ July 15, 1986�at�5:00 p.m.
Secretary'
and it was moved by Mr. Moirris
carried, to adjourn to Monday,
APPROVED AUGUST 5, 1986
Chairman
0