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City of Sunnyvale Redevelopment Agency Minutes - 6/25/02

SUNNYVALE REDEVELOPMENT AGENCY
JUNE 25, 2002

CONVENE AS REDEVELOPMENT AGENCY

The Redevelopment Agency of the City of Sunnyvale met upon adjournment of the regularly scheduled City Council meeting at 10:46 p.m., in the City Council Chambers, 456 West Olive Avenue, Sunnyvale, California, with Chair Fowler presiding.

ROLL CALL

PRESENT:  Chair Frederik M. Fowler
Vice Chair Julia Miller

Agency Member Manuel Valerio

Agency Member Pat Vorreiter
Agency Member Jack Walker
Agency Member Tim Risch
Agency Member John Howe
STAFF PRESENT: Robert S. LaSala, Executive Director
Valerie J. Armento, Agency Counsel
Amy Chan, Assistant Agency Director

Robert Paternoster, Agency Secretary/Director

Mary Bradley, Agency Treasurer
Susan Kitchens, Agency Clerk

  CONSENT CALENDAR

Vice Chair Miller requested that Item RA-1.B. be pulled for discussion.

Vice Chair Miller moved, and Agency Member Howe seconded, approval of the consent calendar with the exception of item RA-1.B. The motion carried unanimously.

RA-1.A.

MOTION

Approval of Draft Minutes (June 18, 2002)

RA-1.B.

RESOLUTION
RDA 02-002

Adoption of the Fiscal Year 2002/2003 Budget for the Redevelopment Agency of the City of Sunnyvale

Agency Treasurer Bradley presented a brief staff report. She detailed the revenues and expenditures of the Redevelopment Agency.

Vice Chair Miller requested clarification on the Redevelopment Agency's debt.

Treasurer Bradley explained that the debt service is for two outstanding formal bonds. One is a tax allocation bond that was issued to pay for the consolidated land for the mall and the mall parking structure on Mathilda Avenue. The other is for repayment of the City's loan.

Vice Chair Miller requested that in the future the debt service be broken out to show more detail.

Vice Chair Miller moved, and Agency Member Howe seconded, adoption of the budget. The motion carried unanimously.

CITIZENS TO BE HEARD

 

There were no comments.

NON-AGENDA ITEMS & COMMENTS

AGENCY

Agency Member Risch wished Agency Member Howe a Happy Birthday.

Vice Chair Miller congratulated Agency Member Risch on his approaching marriage.

STAFF

There were no comments.

ADJOURNMENT

Chair Fowler declared the meeting adjourned at 10:53 p.m.

 

Respectfully submitted:
Susan Kitchens, Agency Clerk

 

 

 

 

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