APPROVED MINUTES
SUNNYVALE REDEVELOPMENT AGENCY

AUGUST 22, 2006

 

The Redevelopment Agency of the City of Sunnyvale met in the City Council Chambers, 456 West Olive Avenue, Sunnyvale, California at 9:31 p.m., with Agency Chair Swegles presiding.

 

ROLL CALL

 

Roll call was done by voice confirmation.

 

PRESENT:

Chair Ron Swegles

Vice Chair Otto Lee

Agency Member John Howe

Agency Member Dean J. Chu

Agency Member Anthony Spitaleri

Agency Member Christopher Moylan

 

ABSENT:

Agency Member Melinda Hamilton (Excused)

 

STAFF PRESENT:

Amy Chan, Executive Director

David Kahn, Agency Counsel

Robert Paternoster, Agency Secretary and Director of Redevelopment

Robert Walker, Assistant City Manager

Katherine Bradshaw Chappelear, Agency Clerk

 

CLOSED SESSION REPORT

 

Agency Vice Chair Lee reported that the City Council met on August 8, 2006 in Closed Session after the Council Meeting with Legal Counsel regarding:  Anticipated Litigation – Pursuant to Government Code Section 54956.9(c); Initiation of Litigation: 1 potential case – Fourth Quarter Properties

 

Agency Vice Chair Lee reported that direction was given, but no action taken.

 

CONSENT CALENDAR

 

Agency Chair Swegles opened the Public Hearing.  No one wished to speak and Agency Chair Swegles closed the Public Hearing.

 

MOTION: Agency Member Howe moved and Agency Member Chu seconded to approve the Consent Calendar.

 

VOICE VOTE: 6-0 (Agency Member Hamilton absent)

 

RDA 1. A.

Approval of draft Minutes of Regular Meeting of June 20, 2006

 

RDA 1. B.

RDA 06-003

 

RDA Investment and Cash Management Policy Update for Fiscal Year 2006/2007

 

Staff Recommendation: Redevelopment Agency adopts the attached Investment Policy for FY 2006/2007 as presented.

 

 

PUBLIC COMMENTS

None

 

ADJOURNMENT OF THE REDEVELOPMENT AGENCY- Agency Chair Swegles adjourned the meeting of the Redevelopment Agency at 9:34 p.m.

 

 

 

 

Katherine Bradshaw Chappelear

Agency Clerk