Item 11 - Minutes of RDA Meeting October 14, 1986The October I4, 1986, regular meeting of the Poway Redevelopmeat Agenw was
called to order at 7:00 F.M. by Chairman Kruse at the City Council Chambers,
13325 Civic Center Drive, Poway„ California..
DIRECIDRS ANSTNIERIM MILT, CATS,.
Linda Oravec, MaryShepardson, Bruce Tarzy,
Executive Director
Assistant Executive Director
Secretary
Deputy Secretary
Deputy Mayor Shepardson led the Pledge of Allegiance._
Chairman Kruse explained the procedure for Public Oral Cammun cations.
Bruce Hamilton, 13178 Woodmont Street, asked questions about the proposed
Poway Genco since it was announced this week that Dayton-Mdscn was closing.
all Gemco stores.
Executive Director Bowers= explained: the developmentagreement provides that:
the developer must substitute with a like tenant with a saj acre footage of at
least 75%- of the proposed. Genco.The Poway'project will probably become a
Target store with the area reduced slightly to eliminate the food portion of the
business.The sales tax figures will be comparable: to a Genco: and theproperty
tax figures will be identical..
ITEM. 6
A "D FINAN TAL PLAN FOR FISCAL YEAR 1986-1987
Staff report by Executive Director Bawersox.: The Annual Operating and. Capital
Improvement Budget of the City of Poway/Poway Redevelopment Agency was adopted
on June 24, 1986. In. August, 1986, the City gained approvalon the issuance of
Certificates of Participation and Tax Allocation Bonds. The Certificates of
Participation will be used for a city swimming pool, performing arts center
and. Valle TerdefRspola: Park. The 25 -year Tax Allocation bonds will be allocated
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to fund capital, ruprovement Projects of the Poway Redevelopment Agency. He
discussed each: revenue andexpenditure- ame t. He noted. residents frau the
Poinsettia mcbilebam . Park, are were tonight and are i- t ?rested in number 5950 ,
Homing Revitali7ti:al Petitio have been. received Signed awners Of
193. units expressing interest in purchasing their mobilehame. parka
Director Emery disclosed his mother lives in the Poinsettia Mobilehame Park,
fil ereforer he w U be aT�stain ng from voting on iten ` 5950, Housing
Revitalization.
Motion: by Director S%pardson, seconded by Director Oravec to Resolution.
No.. R --86-1e9 entitled, "A Resolution of the Poway Redevelopment Agency Amending
the Annual: Binet for Fiscal:. Year 1986-1987 and Appropriating the. Funds
Necessary to. Meet the Egmnditures Set Forth. Therein." motion carried 4-0 with
Dirrector, Emery' absta i ng .
CCKSENTCATROAR
mati r:. by Director Emery, seconded. by Director, ' Shegarc7scn to adopt the Consent
Gender as follows:;
9. Approval. of Minutes _ Redevelopment Agency
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September I6, 1986, Regular Meeting
September 23, 1986, Regular Meeting
September - 25, 1986, Adjourned Regular Meeting
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13. Appra Ml of Progress Pay EstinateS -' #2 , Hayward Construction Co. , Midland
Fad Widening, $17lr381.35
4
motion carried 51Y.
ADJCMUMT
Upon motion by Director Sheparc7sm Seconded by Director Tarzyr Cha,i:rman. Kruse
ordered the meting adjourned. The time of adourmnrt was 8:.05 p.m.
Mar3or " K. Wahlsten, Secretor
Poway Redevelcgrient Agency
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