HomeMy WebLinkAbout08/15/74 MINUTES RA-27-
Bakersfield, California, August 15, 1974
Minutes of a special meeting of the Bakersfield Redevelop-
ment Agency held in the Council Chambers of the City Hall at 4:00
P.M., August 15, 1974.
The meeting was called to order at 4:00 P.M. by Chairman
Robert E. King. The Secretary called the roll as follows:
Present: Vincent Casper, Vice-Chairman
Robert E. King, Chairman
Bill Lee
James Stewart (seated at 4:05 P.M.)
Theron Taber
Absent: Ralph Poehner
Dr. Glenn D. Puder
Mr. Mark Breakstone, representing the office of Mr. Eugene
Jacobs, Special Counsel to the Redevelopment Agency, explained that
it would be necessary to adopt an Official Seal for the Redevelop-
ment Agency for documents and bonds.
Adoption of Resolution No. RA22-74
of the Bakersfield Redevelopment
Agency approving and adopting its
Official Seal.
Upon a motion by Mr. Taber, seconded by Mr. Casper,
Resolution No. RA22-74 of the Bakersfield Redevelopment Agency
approving and adoptings its Official Seal, was adopted.
Mr. Breakstone explained to the Agency members the reason
for the extension of time from August 15, 1974 to October l, 1974,
for the "Exclusive Offer to Negotiate" with the John S. Griffith
Company for the development of a downtown regional shopping center.
Approval of Extension of Time from
August 15, 1974 to October l, 1974
for "Exclusive Offer to Negotiate"
with the John S. Griffith Company
for the development of a downtown
regional shopping center.
Upon a motion by Mr. Casper, seconded by Mr. Lee,
Extension of Time from August 15, 1974 to October l, 1974, for
"Exclusive Offer to Negotiate" with the John S. Griffith Company
for the development of a downtown regional shopping center, and
that, on or before that date, the Redevelopment Agency will be
presented with a "Disposition and Development Agreement" between the
Agency and John S. Griffith Company for the development of the center,
was adopted.
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Bakersfield, California, August 15, 1974 - Page 2
Community Development Director Bergen and City of Bakers-
field's Assistant Finance Director Philip Kelmar, explained the
Bakersfield Redevelopment Agency's budget for Fiscal Year 1974-75.
Approval of Bakersfield Redevelopment
Agency's Budget for Fiscal Year 1974-
75.
Upon a motion by Mr. Stewart, seconded by Mr. Casper,
Bakersfield Redevelopment Agency's Budget for Fiscal Year 1974-75,
was approved.
Mr. Breakstone, reported on the Parking Lease Revenue
Bonds delivered and proceeds from sale of such Bonds Received, as
follows:
On August 7, 1974, the Agency awarded its
Parking Lease Revenue Bonds to Bank of America
National Trust and Savings Association.
On August 15, 1974, in Los Angeles, California,
the Agency delivered its Parking Lease Revenue
Bonds in the principal amount of $1,560,000
(at a discount of 95.61% of par) to Bank of
America; and Bank of America delivered to the
Agency's fiscal agent the sum of $1,491,479.45
(par value less discount) plus accrued interest
from August l, 1974 to August 15, 1974. The
sum delivered by Bank of America to the Agency's
fiscal agent represents the successful low bid
of Bank of America at a net interest rate of
6.831%.
Approval of Award of Contract for the
Design and Construction of the "K"
Street Parking Garage to Tumblin
Construction Company/Unicon Parking
Structures, Inc.
Upon a motion by Mr. Stewart, seconded by Mr. Casper,
the following motion was approved:
That Tumblin Company/Unicon Parking
Structures, Inc. be awarded the Contract
for the Design and Construction of the "K"
Street Parking Garage in the amount of
$727,000; and that the Community Develop-
ment Director be authorized to notify
Tumblin Company/Unicon Parking Structures,
Inc. of the award and to send the Contract
for execution and to execute such Contract.
That Change Order No. 1 to the Contract be
approved; and that the Community Development
Director be authorized to send said Change
Order No. i to Tumblin Company/Unicon
Parking Structures, Inc. for execution and
to execute said Change Order No. 1
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Bakersfield, California, August 15, 1974 - Page 3
3. That at the time of receipt and execution
of the Contract and Change Order No. 1 and
according to the terms of the Contract, the
Community Development Director be authorized
to issue a Notice to Proceed to Tumblin
Company/Unicon Parking Structures, Inc. to
commence the work provided under said
Contract and Change Order No. 1.
Hearing on and Adoption of Resolution
regarding Approval of Amendments to
Owner Participation Rules.
This is the time set for public hearing before the
Redevelopment Agency to amend the Owner Participation Rules to
include additional area in the Downtown Redevelopment Project.
Chairman King declared the hearing open for public
participation. No protests or objections being received, the
public portion of the hearing was closed for deliberation and
action.
After discussion, upon a motion by Mr. Casper, seconded
by Mr. Lee, hearing on Adoption of Resolution regarding approval
of amendments to Owner Participation Rules, was continued and
adjourned until Tuesday, September 3, 1974, at 4:00 P.M.
Adjournment.
There being no further business to come before the
Bakersfield Redevelopment Agency, the meeting was adjourned at
4:30 P.M. and continued until Tuesday, September 3, 1974 at 4:00
P.M., in. the Council Chambers of City Hall.
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SECRETAN~Y to the Redevelopment Agency
Redevelopment