Item 7 - Munutes of RDA Meeeting July 29, 1986SOT APOVE
CITY OF PONE, CALIFCEODX
MINIMS OF TEE
16213LAR MEWING
JULY 29, 1986
The J1i1:y 29, 1986, regular meeting of the Poway Redevelopment Agency was
called to order at 7:00 p.m. by Chairman Kruse at the City Council Chambers,
13325 Civic Centex Drive, Poway, rA forn a.
DINCIMS AtENERING ROLL CALL
Meryltab Linda Oravec, Mary Shepardson, Carl. Kruse
DIREIMEOBS-MEM AT ICUs CALL
Bice Tarzy
James Bowers= Executive Director
John Fitch. Assistant Executive Director
Marjorie Wahlsten Secretary
PLEDGE ' AUDIENCE
Director Shepardson led the Pledge of Allegiance.
=EX 4
C�'I' A OF PARTICIPATIC
Staff report. by Executive Director Bowersax. Ca June 12, the Redevelopment
Agency approved. a financing plan which included the issuance of $10 million lion of
Certificates of Participat c a._ Ca ally 22, the Agency agreed to finance a c a n
munity swimming peal, a performing arts cater and a neighborhood park with
these funds. Recommendation is. to adopt a. R lution authorizing the sale and
also several. agreatents pertaining to the sale.
Motion by Director Oravec, SECOladed by Director Shepardson, to adopt Resolution
No. R-86-14 entitled, *A Resolution of the Poway Redevelopment Agency, Approving
the. Preparation, Sale. and. Delivery of $10,000,000 Principal Amount of
Certificates of - Participation and Approving Certain. Documents and Authorizing
Certain Actions in. Connection Therewi..thn and authorize the Chairman rm and
Secretary to execute the required documents. Motion carried 4-0 with Director.
Tarzy absent.
AUXURENENT
Upoxi motion by Diitor Ekery, seconded by Director Oravec, Chairman Kruse
arced. the ting adjourned. The tin of adjoarnment was 7:40 p.m,
Marjorie K. W hlsten, Secretary
Poway Redevelopment Agency
AUG 12 1986 ITEM
234