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Cerritos City Council Meeting Minutes

MINUTES OF A JOINT SPECIAL MEETING OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY OF THE CITY OF CERRITOS HELD MARCH 10, 2011

CALL TO ORDER

The meeting was called to order at 1:00 p.m. City Council Chambers, 18125 Bloomfield Avenue, Cerritos, California.

ROLL CALL

The following Members of the City Council were in attendance:

Councilman/Member Bruce Barrows
Councilwoman/Member Carol Chen
Councilman/Member Jim Edwards
Mayor Pro Tem/Vice Chair Laura Lee
Mayor/Chair Joseph Cho, Ph.D.

PUBLIC COMMENTS

There were no public comments.

NEW AND OLD BUSINESS

Consideration of a Joint Resolution of the Cerritos City Council and Cerritos Redevelopment Agency approving Instruments securing Cerritos Redevelopment Agency obligations under a loan by the City of Cerritos to the Cerritos Redevelopment Agency

Art Gallucci, City Manager/Executive Director, Torrey Contreras, Community Development Director, and Dennis Roy, Agency Counsel, provided a report.

Council/Agency and staff discussion ensued regarding on-going financial obligations impacts to the City of this action, the responsibilities of state elected officials and the City’s lobbyist in reporting potential changes in legislation in a timely fashion, the upcoming public hearing scheduled for March 24, 2011, the land lease ownership on the existing deeds of trust, and the total amount of the loan.

The item was opened for public comments. There were no individuals who submitted any written or verbal comments related to this item.

MOTION: It was moved by Council/Agency Member Barrows and seconded by Council/Agency Member Edwards to adopt JOINT RESOLUTION NO. /RESOLUTION NO. CRA, A JOINT RESOLUTION OF THE CERRITOS REDEVELOPMENT AGENCY AND CERRITOS CITY COUNCIL APPROVING INSTRUMENTS SECURING CERRITOS REDEVELOPMENT AGENCY OBLIGATIONS UNDER A LOAN BY THE CITY OF CERRITOS TO THE CERRITOS REDEVELOPMENT AGENCY.

ADJOURNMENT

The meeting adjourned at 1:41 p.m.

 

______________________________
Vida Barone, Interim City Clerk

______________________________
ATTEST: Art Gallucci, Redevelopment Agency
Secretary

____________________________
Joseph Cho, Ph.D., Mayor/Chair

Approved: March 24, 2011

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