RRA – Approval of Minutes 10-28-97 NOT O°FICIAL UNTIL
AR'n^OW D EV U: RO _MEAD
REDEVELOP76EvT AGENCY
MINUTES OF THE REGULAR MEETING
ROSEMEAD REDEVELOPMENT AGENCY
OCTOBER 28, 1997
The regular meeting of the Rosemead Agency was called to order by Chairman Imperial
at 7:15 p.m. in the conference room of City Hall, 8838 E. Valley Boulevard, Rosemead,
California.
The Pledge to the Flag and Invocation were waived as having been completed at the
meeting just adjourned.
ROLL CALL OF OFFICERS:
Present: Agencymembers Clark, Taylor, Vasquez, Vice Chairman Bruesch and Chairman
Imperial
Absent: None
APPROVAL OF MINUTES: OCTOBER 14, 1997 - REGULAR MEETING
MOTION BY VICE-CHAIRMAN BRUESCH, SECOND BY AGENCYMEMBER
VASQUEZ that the Minutes of the Regular Meeting of October 14, 1997, be approved as
submitted. Vote resulted:
Aye: Bruesch, Vasquez, Clark, Taylor
No: None
Absent: None
Abstain: Imperial
The Chairman declared said motion duly carried and so ordered.
1. RRA RESOLUTION NO. 97 - 27 CLAIMS AND DEMANDS
The following Resolution was presented to the Agency for adoption:
RESOLUTION NO. 97-27 - CLAIMS AND DEMANDS
A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF
ROSEMEAD ALLOWING CERTAIN CLAIMS AND DEMANDS IN THE
SUM OF $6,172.77 AND DEMANDS NO. 4898 THROUGH 4905
MOTION BY VICE-CHAIRMAN BRUESCH, SECOND BY AGENCYMEMBER
VASQUEZ that the Agency adopt resolution No. 97-27. Vote resulted:
Aye: Bruesch, Vasquez, Imperial, Clark, Taylor
No: None
Absent: None
Abstain: None
The Chairman declared said motion duly carried and so ordered.
Agencymember Taylor requested a copy of the arbitrage analysis from Orrick, Herrington
& Sutcliffe.
RRA 10-2897
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2. RESOLUTION NO. 97-28 - A RESOLUTION OF THE REDEVELOPMENT
AGENCY ALLOWING REDEVELOPMENT AGENCY PAYMENT FOR THE
DEL MAR SEWER COLLECTOR
MOTION BY VICE-CHAIRMAN BRUESCH, SECOND BY AGENCYMEMBER
VASQUEZ that the Agency adopt resolution No. 97-28. Vote resulted:
Aye: Bruesch, Vasquez, Imperial, Clark
No: Taylor
Absent: None
Abstain: None
The Chairman declared said motion duly carried and so ordered.
Agencymember Taylor stated that he voted No as City funds should be used for this
project.
3. ENGINEERING PROPOSAL FOR PREPARATION OF PLANS,
SPECIFICATIONS AND ESTIMATES FOR THE DEL MAR SEWER
COLLECTOR
MOTION BY VICE-CHAIRMAN BRUESCH, SECOND BY AGENCYMEMBER
CLARK that the Agency approved the engineering proposal and direct staff to begin the
preparation of the necessary plans and specifications. Vote resulted:
Aye: Bruesch, Vasquez, Imperial, Clark
No: Taylor
Absent: None
Abstain: None
The Chairman declared said motion duly carried and so ordered.
Agencymember Taylor stated that he voted No as City funds should be used for this
project.
4. AUTHORIZATION TO REMOVE BARRICADES AND PERFORM PAVEMENT
PATCHING ON HIGHCLIFF STREET
MOTION BY VICE-CHAIRMAN BRUESCH, SECOND BY AGENCYMEMBER
CLARK that the Agency authorize staff to issue a Service Request to the Los Angeles County
Department of Public Works to remove the barricades and patch the street. Vote resulted:
Aye: Bruesch, Vasquez, Imperial, Clark
No: Taylor
Absent: None
Abstain: None
The Chairman declared said motion duly carried and so ordered.
Agencymember Taylor stated that he voted No as City funds should be used for this
project.
RRA 10-28-97
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5. MATTERS FROM OFFICIALS
Agencymember Taylor inquired about the status of his request regarding copies of the
schedule of the Federal Welfare Law. Don Wagner, Assistant City Manager responded that he
requested those from David Kroot.
Agencymember Clark requested an update on the status of the Agency bonds in light of
the recent fluctuation of the stock market and asked if they are safe.
Chairman Imperial asked if the Finance Committee is receiving three opinions or majority
votes on the sales.
Frank Tripepi, Executive Director, stated that the committee takes actions on the
investments. However, he is not sure if the Treasurer is carrying out those actions.
Hugh Foutz, City Treasurer stated that he does not handle Agency funds except for the
funds that were locked into the CD's and those will continue to be invested and nothing has
changed and that they are safe.
Chairman Imperial suggested scheduling another meeting regarding the City/Agency
investment policy.
6. ORAL COMMUNICATIONS FROM THE AUDIENCE ON REDEVELOPMENT
AGENCY MATTERS -None
7. ADJOURNMENT
There being no further action to be taken at this time, the meeting was adjourned at 7:20
p.m. to Tuesday, November 11, 1997, at 7:00 p.m.
Respectfully submitted: APPROVED:
Agency Secretary CHAIRMAN
RRA 10-28-97
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