HomeMy WebLinkAboutMinutes - City Council - 2009-09-21 - Special Meeting
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City Council, Special Meeting
Council Chambers
777. Cypress Avenue
Redding, California
September 21 ~ 2009 5: 15 p.m.
The meeting was called to order by Mayor Bosetti with the following Council Members
present: Dickerson, Jones, McArthur, and Stegall.
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Also present were City Manager Starman, City Attorney Duvernay, Assistant City Manager
Tippin, Redevelopment Manager Thompson, Senior Redevelopment Project Coordinator
Haddox, Associate Redevelopment Project Coordinator Bade, Assistant Redevelopment
Project Coordinator Rudolph, Deputy City Clerk Mize, and Executive Assistant Tipton.
At the hour of 5: 16 p.m., Mayor Bosetti convened the Special Meeting of the Redding City
Council for a joint meeting with the Redding Redevelopment Agency
REIMBURSEMENT AGREEMENT AND ASSOCIATED BUDGET AMENDMENT NO.
1- between the City of Redding and the Agency
[R-030-050/R-030-145/B-130-070]
Assistant City Manager Tippin provided an overview of the Report to City Council and
Redding Redevelopment Agency (Agency) dated September 21,2009, incorporated herein
by reference, relative to the proposed Reimbursement Agreement (Agreement) between the
City of Redding (City) and the Agency.
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Mr. Tippin recalled that at its meeting on September 1,2009, the City Council approved a
series of budget adjustments to re-balance the General Fund budget. Inclusive in that action
was a request by the City Council for the Agency to consider an Agreement to repay funds
advanced by the City to the Agency for the benefit of the Canby/Hilltop/Cypress and Market
Street Redevelopment Project Areas (Project Areas). The proposed Agreement requires an
average repayment from the Agency to the City of$600,000 per year for the next eight years.
In response to Council! Agency Chair Jones, Mr. Tippin explained that the $4.8 million being
repaid to the City is only a partial amount, and is simply addressing the repayment of the
principal owed over eight years.
Assistant City Manager Tippin recommended that the City Council and the Board approve
the Agreement between the City and the Agency to repay funds advanced by the City to
benefit the Project Areas; and he further recommended that the Board approve Budget
Amendment No.1 in the amount of$1.8 million appropriating funds for payment to the City
for Fiscal Year ending June 30,2010.
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A MOTION WAS MADE by Agency Member Bosetti, seconded by Agency Member
Stegall, to approve the Reimbursement Agreement between the City and the Agency to repay
funds advanced by the City to benefit the Canby/Hilltop/Cypress and Market Street
Redevelopment Project Areas; and approve Budget Amendment No.1 in the amount of$1.8
million appropriating funds for the payment to the City for the Fiscal Year ending June 30,
2010. The Vote:
AYES: Agency Members - Bosetti, Dickerson, McArthur, Stegall, and Jones
NOES: Agency Members - None
ABSTAIN: Agency Members - None
ABSENT: Agency Members - None
A MOTION WAS MADEby Council Member Jones, seconded by Council Member
Stegall, to approve the Reimbursement Agreement between the City and the Agency to repay
funds advanced by the City to benefit the Canby/Hilltop/Cypress and Market Street
Redevelopment Project Areas.
The Vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Council Members - Dickerson, McArthur, Stegall, Jones, and Bosetti
Council Members - None
Council Members - None
Council Members - None
9/21/2009
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ADJOURNMENT
There being no further business, at the hour of 5 :23 p.m., Mayor Bosetti declared the meeting
adjourned.
APPROVED:
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Mayor
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ATTEST:
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Deputy City Clerk 'I
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9/21/2009