1988/04/26 Community Development Agency Minutes COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF ROHNERT PARK MINUTES
April 26 , 1988
The Members of the Agency of the Community Development Agency
of the City of Rohnert Park met this date during a recess of
the City Council meeting at approximately 7:50 p.m. in the
City Offices, 6750 Commerce Boulevard, Rohnert Park, with
Chairman Hopkins presiding.
Call to order Chairman Hopkins called the meeting of the Community
Development Agency of the City of Rohnert Park to order at
approximately 7:50 p.m.
Roll call Present: (5) Agency Members Cochran, Eck, Hollingsworth,
Lepinski, and Chairman Hopkins
Absent: (0) None
Staff present: Executive Director Callinan, City Attorney
Flitner, and Assistant to the Executive Director Netter
Approval of Minutes Upon motion of Agency Member Cochran, seconded by Agency
Member Hollingsworth, and unanimously approved, the minutes
of April 12 , 1988 were approved as submitted.
Approval of Bills Upon motion of Agency Member Hollingsworth, seconded by
Agency Member Cochran, and unanimously approved, the bills
presented per the attached list in the amount of $1 ,834.85
were approved.
Agency Member Eck asked if the checks, copies of which were
provided to the Agency Members, were already sent out.
Executive Director Callinan replied that they are probably
being held by the Finance Director until approved for payment
but he was not sure. Discussion followed.
Time for public comment Chairman Hopkins stated that in compliance with State law
(the Brown Act) , anyone in the audience who wished to make a
comment may do so at this time. No one wished to do so.
Proposed Bond/Notes Executive Director Callinan stated that for the record he
Sale wished to introduce John Davis, the Agency' s Redevelopment
consultant, Mike Whipple, the Agency' s Financial consultant,
and Mike Toy of Sabo & Deitsch, the Agency' s Bond attorney.
Mr. Callinan referred to the work session held earlier in the
day and the resolution, copies of which have been sent to the
Agency Members with other backup material and stated that
there is one change: instead of tax allocation notes, it
should be tax allocation bonds.
Community Development Agency of
the City of Rohnert Park Minutes -2- April 26 , 1988
Resolution No. 88-04 RESOLUTION OF THE COMMUNITY DEVELOPMENT AGENCY OF THE CITY OF
ROHNERT PARK, CALIFORNIA, PROVIDING FOR THE SALE OF AN
AGGREGATE PRINCIPAL AMOUNT NOT TO EXCEED $12,000,000 OF TAX
ALLOCATION BONDS FOR THE ROHNERT PARK REDEVELOPMENT PROJECT
AND APPROVING A FINANCIAL CONSULTANT AND BOND COUNSEL
Executive Director Callinan explained the resolution.
Upon motion of Agency Member Hollingsworth, seconded by
Agency Member Eck, and unanimously approved, Resolution No.
88-04 was adopted by title.
Adjournment There being no further business, Chairman Hopkins adjourned
the meeting at approximately 7:55 p.m.
irma
APPROVED:
Deputy Secretary