Call: 6:41 p.m.; Councilmember Olds - Absent
from the Public: None
Moved, seconded, carried (Maio/Armstrong; Absent -
Olds) to approve the Consent Calendar except as indicated.
1. Minutes for Approval
Recommendation: Approve the minutes for Agency meeting of:
a) June 22, 1999 (special); and b) January 16, 2001 (special).
Contact: Sherry M. Kelly, Agency Clerk, 981-6900
City/Redevelopment Agency Loan Agreement
From: Executive Officer
Recommendation: Adopt a Resolution amending the City/Redevelopment Agency multi-year loan agreement to reduce the interest rate charged to the Redevelopment Agency from twelve (12) percent to the average Local Agency Investment Fund (LAIF) rate over the life of the balance plus one (1) percent.
Wendy Cosin, Planning and Development, 705-8102
Adopted Resolution No. 1189.
The meeting adjourned at 6:42 p.m.