HomeMy WebLinkAboutMINUTES - 10301990 - 1.63 (3) TO: REDEVELOPMENT AGENCY ' l
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FROM: PHIL BATCHELOR,
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EXECUTIVE DIRECTOR
Costa
DATE: October 30, 1990 ,
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SUBJECT: Repayment of Agency Debt
SPECIFIC REQUEST(S) OR RECOMMENDATIONS(S) & BACKGROUND AND JUSTIFICATION
RECOMMENDATIONS
Approve repayment of Redevelopment Agency debt to the County
General Fund in an amount of $297, 000. 00 for the following.
Advances between 1984 and 1987 (Advance 1003) ; and
approve an Appropriation Adjustment to 1990-91 Redevelopment
Agency Budget.
FISCAL IMPACT
The repayment of the Agency debt will accrue to the county General
Fund.
BACKGROUND/REASONS FOR RECOMMENDATIONS
The Contra Costa County Redevelopment Agency has approximately $4 .4
million dollars of outstanding debt to - the _ County for
implementation of the Pleasant Hill BART Redevelopment Plan.
The above recommendation will result in repayment of $297, 000. 00 of
operating advances made by the County between 1984 and 1987 to the
County General . Fund. In order to permit the Agency to repay the
foregoing debt an Appropriation Adjustment of $47, 000. 00 is
required to transfer funds from General Reserve accounts to the
Long Term Debt Retirement Account.
CONTINUED ON ATTACEIl33NT: YES SIGNATURE:
RECOMMENDATION OF EXECUTIVE DIRECTOR RECOMMENDATION O GENC COMMITT
APPROVE OTHER
SIGNATURE(S) :
ACTION OF AGENCY ON October 30, 1990 APPROVED AS RECOMMENDED X OTHER
VOTE OF COMMISSIONERS
I HEREBY CERTIFY THAT THIS IS A .
X UNANIMOUS (ABSENT ) TRUE AND CORRECT COPY OF AN
AYES: NOES: . ACTION TAKEN AND ENTERED ON THE
ABSENT: ABSTAIN: MINUTES OF THE REDEVELOPMENT
AGENCY ON THE DATE SHOWN.
cc: Redevelopment Director, ATTESTED October 30 , 1990
CAO PHIL BATCHELOR,
Auditor-Controller AGENCY SECRETARY
County Counsel
BY J , DEPUTY
1--063
' AUDITOR�--ONTROLLER USE ONLY
CONTRA COSTA COUNTY FINAL APPROVAL NEEDED W
APPROPRIATION ACUUSTMENT REDEVELOPMENT AQENCY
TIC 27
F1 COUNTY ADMINISTRATOR
BUDGET UNIT: 7891 P. H. BART Construction
ACCOUNT CODING
oRGANI7A-nON D(PENDITURE I EXPENDITURE ACCOUNT DESCRIPTION <DECREASE> INCREASE
SUB-ACCOUNT
00 00
7891 3545 Retire. of Oth. Long Term Debt I 47,000 00
7891 6350 General Reserve 47,000 00
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TOTALS 47,000 00 47,000 00
APPROVED EXPLANATION OF REQUEST
AUDITOR NTP60LLER
�
�'� Use part of General Reserve to Retire Other Long
ay: .-' Dace, /� Tcrm Dcbt -
16OUNTY ADMINISTRATOR
By: �^ Dace
REDEVELOPMENT AGENCY
YES: Supervisors Powers. Eand--n,
Sttrroder,McPeak.Tc;F;.vo.: ,
NO: None Depu irector
ABSENT: None ABSTAIN: None �� !U/2 /-;a
PHI ATC LOR, ncy Secretary /' SI E TITLE DATE
ar: D Dace 10/30/ )O APPROPRIATION APOO 5052
D u ty ADJ.JOURNAL NO. REVISED
(Mt 29 Rev 740M I SEE UCTIONS ON REVERSE SIDE
/. 65
THE BOARD OF SUPERVISORS OF CONTRA COSTA COUNTY, CALIFORNIA
Adopted this Order on October 30, 1990 , by the following vote:
AYES: Supervisors Powers, Schroder, McPeak, Torlakson, Fanden
NOES: None
ABSENT: None
ABSTAIN: None
SUBJECT: Correspondence
Agenda Item
1. 64 Letter dated October 15, 1990 from Joseph L. Campbell,
Chairman, Airport Land Use Commission, agreeing to meet
for a joint workshop with the East County Regional
Planning Commission to discuss planning for the East
County Airport.
***REFERRED TO COMMUNITY DEVELOPMENT DIRECTOR AND PUBLIC
WORKS DIRECTOR
1. 65 Letter dated October 16, 1990 from Anita Leavy, 481 Oak
Mesa Place, Santa Rosa 95409, giving notice of a claim
relative to asphalt deposits and drainage problems found
during construction on a lot in Orinda.
***REFERRED TO COUNTY COUNSEL FOR RECOMMENDATION
1.66 Letter dated October 18, 1990 from Sanford M. Skaggs,
President, Board of Directors, East Bay Municipal
Utility District, P.O. Box 24055, Oakland 94623 ,
discussing options under consideration relative to the
use of Los Vaqueros for a water storage facility.
***REARED TO COMMUNITY DEVELOPMENT DIRECTOR"
IT IS BY THE BOARD ORDERED that the aforesaid actions
as noted (***) are APPROVED.
cc: Correspondents
Community Development Director
Public Works Director
County Counsel
County Administrator
1 hereby certify that this is a true and correct copy of
an action taken end entered on the minutes of the
Board of Supenvis�ors on the date shown.
ATTESTED: Igge
PHIL BATCHELOR,Clerk of the Board
Of Supervisors andel County Administrator
" ...W.r....�.....�..__.Deputy