08-05-1986 - RegularADJOURNED REGULAR.MEETING •
OF THE CITY COUNCIL OF THE CITY OF WEST COVINA AND THE
WEST COVINA REDEVELOPMENT AGENCY
August 5,, 1986 City Manager's Conference Room
5:30 p.m. Room 305, City Hall
A G E N D A
PLEDGE OF ALLEGIANCE
CALL TO ORDER OF THE WEST COVINA CITY COUNCIL
ROLL CALL: Shearer, Chappell, Manners, Bacon, Tennant
CALL TO ORDER OF THE WEST COVINA REDEVELOPMENT AGENCY
ROLL CALL: Shearer, Chappell, Manners, Bacon, Tennant
A. REFINANCING OF REDEVELOPMENT AGENCY TAX ALLOCATION BONDS
1) PRESENTATION BY FINANCIAL CONSULTANTS
2) ACTIONS BY THE REDEVELOPMENT AGENCY
a) Review staff report. Recommendation is to approve
the execution of the agreement with Jones, Hall, Hill
and White as Bond Counsel.
ACTION: Motion by
2nd by
To APPROVE Disapprove Hold Over
b) Recommendation is to adopt the following resolutions:
RESOLUTION NO. 346 - A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY OF WEST COVINA APPROVING, AUTHORIZING
AND DIRECTING EXECUTION OF AGREEMENT FOR BOND COUNSEL
SERVICES WITH JONES, HALL HILL & WHITE, A PROFESSIONAL
LAW CORPORATION IN CONNECTION WITH TAX ALLOCATION
REFUNDING BOND PROCEEDINGS.
RESOLUTION NO. 347 - A RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE CITY. OF WEST COVINA AUTHORIZING THE
ISSUANCE OF $19,000,000 MAXIMUM PRINCIPAL AMOUNT OF
TAX ALLOCATION REFUNDING BONDS WITH RESPECT TO CENTRAL
BUSINESS DISTRICT REDEVELOPMENT PROJECT AND $5,000,000
MAXIMUM PRINCIPAL AMOUNT OF TAX ALLOCATION REFUNDING
BONDS WITH RESPECT TO EASTLAND REDEVELOPMENT PROJECT
APPROVING RELATED INDENTURES OF TRUST AND OFFICIAL
STATEMENT RELATING THERETO, AWARDING SALE OF BONDS
AND APPROVING OFFICIAL ACTION.
ACTION: Motion by 2nd by
To WAIVE further reading of the resolutions and
To ADOPT Disapprove Hold Over
,r
V
ADJOURNED REGULAR MEETING OF THE CITY COUNCIL AND
THE REDEVELOPMENT AGENCY
3) ACTIONS BY THE CITY COUNCIL
August( E' 1986
a) Recommendation is to adopt the following resolution:
RESOLUTION NO. - A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF WEST COVINA APPROVING THE ISSUANCE
BY THE REDEVELOPMENT AGENCY OF THE CITY OF WEST COVINA
OF $19,000,000 MAXIMUM PRINCIPAL AMOUNT OF TAX ALLOCA-
TION REFUNDING BONDS WITH RESPECT TO CENTRAL BUSINESS
DISTRICT REDEVELOPMENT PROJECT AND $5,000,000 MAXIMUM
PRINCIPAL AMOUNT OF TAX ALLOCATION REFUNDING BONDS
WITH RESPECT TO EASTLAND REDEVELOPMENT PROJECT.
ACTION: Motion by 2nd by
To WAIVE further reading of the resolution and
To ADOPT, ' Disapprove Hold Over
B. CITY TREASURER BALLOT MEASURE
1) Review staff report. .Recommendation" is to adopt the follow-
ing resolution:
RESOLUTION NO. - A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF WEST COVINA, CALIFORNIA, .AUTHORIZING
CERTAIPJ OF ITS MEMBERS TO FILE A WRITTEN ARGUMENT
REGARDING A CITY MEASURE AND DIRECTING THE CITY ATTORNEY
TO PREPARE AN IMPARTIAL ANALYSIS.
ACTION: Motion by 2nd by
To WAIVE further reading of the resolution
and
To ADOPT Disapprove Hold Over
C. OTHER MATTERS
D. ADJOURNMENT
Redevelopment Agency:
ACTION: Motion by 2nd by
To adjourn the meeting at p.m:.
City Council:
ACTION: Motion by 2nd by
To adjourn the meeting at _p.m.
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