03-17-1998 - SpecialTuesday
March 17, 1998
SPECIAL MEETING
OF THE
WEST COVINA CITY COUNCIL
AGENDA
6:30 p.m.
MRC
Agenda material is available for review before the meeting at the City Clerk's Office, Room 317 at City Hall, 1444
W. Garvey Avenue, West Covina. The City complies with the Americans With Disabilities Act (ADA). If you will
need special assistance at this meeting, the City will try to accommodate you in every reasonable manner. Please
call (818) 814-8433 (voice) or (818) 960-4422 (TTY) from 8 a.m. to 5 p.m. Monday through Friday for assistance.
Please call at least 48 hours prior to the meeting to inform us of your particular needs and to determine if
accommodation is possible. For sign language interpreter services or use of hearing impaired aide at Council
meetings, four working days notice may be required.
ROLL CALL Wong, Melendez, Herfert, Howard, Touhey
dA3ant Copies of the
or - 9�
^ora rn °rn prr3t? in
PUBLIC COMMENT ON AGENDA ITEMS rrCZ zi2F ygs2° 2�871�x�ttrn
�tld2ai .�
II HOUSING BONDS Oft us a duscity tiler— - ..
The Agency has been preparing for the issuance of housing bonds, secured by
its 20 percent set -aside fund. The bond proceeds will be used to fund the
rehabilitation and reuse of the Executive Lodge Motel. The Agency is now under
a state deadline to issue and close on the bonds by April 28, 1998. All required
bond documents are presented for City Council, Agency and Public Financing
Authority review. Recommendation is to adopt the following resolution:
RESOLUTION NO. - A RESOLUTION OF THE CITY COUNCIL OF
THE CITY OF WEST COVINA APPROVING THE ISSUANCE OF HOUSING
SET -ASIDE TAX ALLOCATION BONDS BY THE REDEVELOPMENT AGENCY
OF THE CITY OF WEST COVINA FOR THE PURPOSE OF PROVIDING
FINANCING FOR A MULTI -FAMILY RENTAL HOUSING DEVELOPMENT TO
BE OWNED BY EXECUTIVE LODGE APARTMENTS, A CALIFORNIA LIMITED
PARTNERSHIP
Motion by 2nd by
to waive further reading of the resolution and to
adopt disapprove hold over
III CONTRACT FOR LEGAL SERVICES
To assist the City Council with potential litigation, outside legal services can be
obtained. If the City Council so desires, the firm of Beltan, Leal and Medina can
be retained.
Motion by
to
2nd by
ADJOURNMENT MOTION by 2nd by _
to adjourn the meeting at p.m.