HomeMy WebLinkAbout06/30/80 MINUTES RA MINUTES
BAKERSFIELD REDEVELOPMENT AGENCY
Special Meeting June 30, 1980
A Special Meeting of the Bakersfield Redevelopment Agency was called
to order by Chairman Casper Monday, June 30, 1980, at 4 p.m. in the C~ty
Council Chamber. The secretary called the roll as follows:
MEMBERS PRESENT:
Vincent Casper, Chairman
Jeanne Foth, Vice Chairman
John S. Mooneyham
Dr. Glenn D. Puder
Gene Wirier
ABSENT: Robert E. King
Frank S. Lewis
STAFF PRESENT:
Dennis Needham, Deputy Executive Director
Philip Kelmar, Treasurer
Richard Oberholzer, Assistant City Attorney
Melvin Tooker, Development Services Coordinator
David Kennon, Principal Planner, Community Development
Chairman Casper introduced and welcomed Mr. Gene Winer, New member
of the Agency.
ITEM 1:
HOUSING BOND ISSUE RESOLUTION - Mr. Kennon defined the difference
between the resolution proposed today from the one the Agency adopted
at the June 24th meeting as a need for being more specific in the
actions and amount of money defined within the resolution. This would
basically keep the legal doors open for this type of funding. Passage
of the Ullman Bill (HR-3712) would essentially eliminate residential
revenue bonds in their present form.
Mr. Kennon listed as benefits from mortgage revenue bond financing:
1) Low market interest rates for residential mortgages, 2) Enhance-
ment of local tax bases, and 3) Revitalization of some existing
neighborhoods within the center city.
Following discussion, on motion by Ms. Foth, seconded by Dr. Puder, and
carried, Resolution RA3-80, "RESOLUTION OF THE REDEVELOPMENT AGENCY OF
THE CITY OF BAKERSFIELD, CALIFORNIA AUTHORIZING THE ISSUANCE OF
$50,000,000 PRINCIPAL AMOUNT OF RESIDENTIAL MORTGAGE REVENUE BONDS,"
was adopted by the following roll call vote:
AYES:
NOES:
ABSENT:
Foth, Puder, Mooneyham, W~ner and Casper
None
King and Lewis
On advice from Mr, Oberholzer, Dr. Puder moved, seconded by Mr. Mooneyham,
and carried, that any bond consultant retained be retained on a contin-
gency basis so that in the event the Agency does not proceed with issuance
of the revenue bonds, the Agency will ~ncur no costs for bond consultants.
ADJOURNMENT
There being no further business to come before the Agency, Chairman
Casper adjourned the meeting at 4:30 p.m.
V i~NC L~NT C~S"~ E R ,~ ~h~a i rrna n //
Bakersfield RedeVvelopment A~cy
Bernice E. Stewart, Secretary to the
Bakersfield Redevelopment Agency