11-02-2010 - Regular City Council Minutes of September 21, 2010 - cdc 09-07-10 (2).docM I N U T E S
REGULAR MEETING OF THE
WEST COVINA COMMUNITY DEVELOPMENT COMMISSION
September 7, 2010
Chairman Sanderson called to order the regular meeting of the Community Development Commission at 8:58 p.m. in the City Hall Council Chambers, 1444 W. Garvey Avenue, West Covina.
ROLL CALL Chairman Sanderson
Commissioners Hernández, Lane, Touhey
Absent: Vice Chairman Herfert
Oral Communications addressed to the Community Development Commission are heard under Oral Communications on the City Council agenda, except Public Hearing comments.
CONSENT CALENDAR Approval of Minutes (receive and file)
I-A Special Meeting of July 6, 2010
Regular Meeting of July 6, 2010
Special Meeting of July 20, 2010
I-B City Treasurer’s Report for the Month of June & July 2010
Recommendation is to receive and file the treasurer’s report of cash balances and investments.
I-C Letter of Credit Substitution for the l988 Lease Revenue Refunding Bonds (The Lakes Public Parking Project)
Recommendation is that the Community Development Commission adopt the following resolution:
Resolution No. 608 RESOLUTION NO: 608 – A RESOLUTION OF THE WEST COVINA COMMUNITY DEVELOPMENT COMMISSION AUTHORIZING THE EXECUTION AND DELIVERY BY THE COMMISSION OF A REMARKETING AGREEMENT,
AUTHORIZING THE DISTRIBUTION OF A REMARKETING MEMORANDUM AND THE TAKING OF OTHER CERTAIN ACTIONS IN CONNECTION THEREWITH
I-D Letter of Credit Substitution for the West Covina Public Financing Authority Taxable Variable Rate Demand Allocation Bonds, Series 1999
Recommendation is that the Community Development Commission adopt the following resolution.
Resolution No. 609 RESOLUTION NO. 609 – A RESOLUTION OF THE WEST COVINA COMMUNITY DEVELOPMENT COMMISSION AUTHORIZING THE EXECUTION AND DELIVERY BY THE COMMISSION OF THE REMARKETING AGREEMENT,
AUTHORIZING THE DISTRIBUTION OF A REMARKETING MEMORANDUM AND THE TAKING OF OTHER CERTAIN ACTIONS IN CONNECTION THEREWITH
I-E Extension to an exclusive negotiating agreement with Ashdon Development West Covina, Inc.
Recommendation is that the Community Development Commission approve a 60-day extension to the Exclusive Negotiating Agreement with Ashdon Development West Covina, Inc., in order to
finalize the terms of sale and development of the
AAA Pad located at the northeast corner of Azusa Avenue and Giambi Lane intersection, and authorize the Executive Director to prepare and execute the extension.
CONSENT CALENDAR ACTION Motion by Hernández and seconded by Lane to approve the Consent Calendar as recommended. Motion carried 4-0.
ADJOURNMENT Motion by Hernández and seconded by Lane to adjourn the meeting at 8:59 p.m. Motion carried 4-0.
Submitted by:
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Assistant Commission Secretary Susan Rush
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Chairman Shelley Sanderson