RA1977/07/2777 -81
ANAHEIM REDEVELOPMENT AGENCY
JULY 27, 1977 (11:00 A.M.)
Council Chamber
Anaheim City Hall
PRESENT: AGENCY MEMBERS: Kaywood, Seymour, Roth and Thom
ABSENT: AGENCY MEMBERS: Kott
PRESENT: CITY MANAGER: William 0. Talley
ASST. CITY ATTORNEY: Frank J. Lowry, Jr.
SECRETARY: Linda D. Roberts
EXECUTIVE DIRECTOR: Norman J. Priest
Chairman Thom called the adjourned regular meeting of the Anaheim
Redevelopment Agency to order.
161.137: BID AWARD - REDEVELOPMENT PROJECT ALPHA. TAX ALLOCATION
BONDS, SERIES A : Mr. Priest reported that one bid had been received
from Merrill, Lynch, Pierce, Fenner & Smith, Inc., with an effective
interest rate of 5.84202 %.
Mr. Comerford of Blythe Eastman Dillon & Company was also present
and distributed for information of Agency Members a compilation of
California Tax Allocation Bond Sales (copy on file in the City
Clerk's Office) and recommended acceptance of the bid received.
Mr. Seymour expressed his pleasure with the excellent rating, the
low interest rate received and the efforts put forth by Mr. Priest
�— and Agency staff and consultants in achieving a well thought -out
program of redevelopment for the City of Anaheim. He offered Reso-
lution No. ARA77 -57 for adoption.
RESOLUTION NO. ARA77 -57 A RESOLUTION OF THE ANAHEIM REDEVELOPMENT
AGENCY AWARDING $30,000,000 BONDS OF SAID AGENCY. (Merrill, Lynch,
Pierce, Fenner & Smith, Inc.)
Roll Call Vote:
AYES:
AGENCY
MEMBERS:
Kaywood, Seymour, Roth and Thom
NOES:
AGENCY
MEMBERS:
None
ABSENT:
AGENCY
MEMBERS:
Kott
The Chairman declared Resolution No. ARA77 -57 duly passed and adopted.
77 -82
ANAHEIM REDEVELOPMENT AGENCY - July 27, 1977 - 11.00 A.M.
Upon recommendation of the Executive Director, Mr. Thom moved that
the quotation of Jeffries Bank Note Company in the amount of
$3,310 be accepted for the printing of the bonds and that staff
be authorized to proceed. Mrs. Kaywood seconded the motion. Mr.
Kott absent. MOTION CARRIED.
ADJOURNMENT: There being no further business before the Anaheim
Redevelopment Agency, Mrs. Kaywood moved to adjourn. Mr. Roth
seconded the motion. Mr. Kott absent. MOTION CARRIED.
ADJOURNED: 11:12 a.m.
LINDA D. ROBERTS, SECRETARY