HomeMy WebLinkAbout09/21/1977 - Adjourned City Council Meeting1
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ADJOURNED MEETING.OF THE CITY COUNCIL
CITY OF COSTA MESA
September 21, 1977
The City Council of the City of Costa Mesa met in
adjourned regular meeting at 7:30 a.m., at the
Captain's Table, Orange Coast College,, 2701 Fair-
view Road, Costa Mesa, California, said meeting
having been duly and regularly adjourned from the
regular meeting of September 19, 1977, and a copy
of the Notice of Adjournment having been posted as
required by law. After breakfast at The Captain's
Table, the meeting adjourned to the Faculty Room,
Orange Coast College Campus. The meeting was
called to order by the Mayor.
Attendance: Council Members: Hertzog, Hammett, Raciti,
Smallwood, McFarland
Planning
Commission
Members:
Redevelopment
Agency Members:
Costa. Mesa
Tommor.row_
Members:
City Staff:
Stone and
Youngberg
Representative:
C. C. Clarke, Arlene Schafer,
Donn Hall
Lew Kidder, Tom Nelson, Lawrence
Courter, Robert Moore
Peg.Reinhart, J. C. Humphries,
Roy McCardle,.Cory Thompson
City Manager.Fred Sorsabal,
Assistant City Manager/Community
Development Bill Dunn, Planning
Director Charles Roberts, Finance
Director Robert Oman, City
Attorney Robert Campagna, Deputy
City Attorney Thomas Pasalides,
Planner Sara Kallenbaugh, Planner
Doug.Clark, City Clerk Eileen
Phinney
Terence J. McCarty
Stone and
The Finance Director introduced Terence J. McCarty
Youngberg
of Stone and Youngberg, municipal financing consult -
Preliminary
ants, San Francisco, California. Copies of a letter
Review
addressed to the Costa Mesa Redevelopment Agency,
dated September 14, 1977, signed by Mr. McCarty and
Alan Miller for the firm of Stone -and Youngberg, were
distributed to everyone .present. The letter said
that preliminary review and analysis has been made of
the bonding capacity of the Redevelopment project
showing the project incremental assessed valuation to
be $4,618,340.00, 6f which $3,928,890.00 are land and
improvements. The estimated annual -tax revenues of
$373,000.00 would support a tax allocation bond issue
of approximately $3,600,000.00.
Support of Tax A question and answer session was held concerning
Allocation Bonding steps to be taken to implement.andt.finance the
"Super Block II" project. After lengthy discussion,
on.motion by Vice Mayor Hammett, seconded by
Councilwoman Smallwood, and unanimously carried, the
347,
Resolution 77-116
Supporting
Extension of
Freeway Route 55.
Adjournment
Council went.on record in support.of.tax allocation
bonding for the Costa Mesa Redevelopment Agency
subject to legal requirements which must be met, and
subject to'participation of private enterprise.
Dr. Tom Nelson requested that Council clafify their
position on the completion. of Freeway Route 55.
After -discussion, on motion by Councilwoman Small-
wood, seconded by Councilman-Raciti, Resolution
77 -116, -being A RESOLUTION OF -THE CITY COUNCIL OF
THE CITY,OF COSTA MESA, CONCERNING ITS STRONG
SUPPORT OF THE COMPLETION AND EXTENSION OF ROUTE 55
(FREEWAY) THROUGH THE CITY OF".COSTA MESA, was
adopted 'by the fol -lowing -roll call vote:
AYES:. Council Members: Hertzog, Hammett,
Raciti, McFarland,
Smallwood
NOES: Council Members: None
ABSENT: Council Members: None
The Mayor adjourned the meeting at 9:45 a.m.
May r of the City of dslomesa
ATTEST:
City Clerk of the City of Cost esa
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