RA1975/02/0475 -6
ANAHEIM REDEVELCPMENT AGENCY
February 4, 1975, (1:00 P.M.)
Council Chambers
Anaheim City Hall
PRESENT: Mrs. Kaywood, Mr. Pebley, Mr. Sneegas and Mr. Thom
ABSENT: Mr. Seymour
PRESENT: EXECUTIVE DIRECTOR: Keith A. Murdoch
SECRETARY: Alona M. Hougard
CITY ATTORNEY: Alan R. Watts
REDEVELOPMENT DIRECTOR: Knowlton Fernald
FINANCE DIRECTOR: M. R. Ringer
Chairman Thom called the regular meeting of the Anaheim Redevelopment
Agency to order at 1:00 P.M.
MINUTES: On motion by Mr. Sneegas, seconded by Mr. Thom, the minutes
of the Anaheim Redevelopment Agency adjourned regular meeting held
January 14, 1975 and regular meeting held January 21, 1975, were
approved. MOTION CARRIED.
REPORT - FINANCIAL STATUS, ANAHEIM REDEVELOPMENT AGENCY: Finance
Director M. R. Ringer presented packets of information summarizing
the financial status of the Anaheim Redevelopment Agency to the
Agency Members. He explained that the information consists of the
proposed budget for monies in the General Fund of the City (Account
No. 100 -255): the Redevelopment Agency Budget as revised and recom-
mended by the Redevelopment Commission and Redevelopment Director;
a comparison of expenditures to date versus the revised budget; a
synopsis of the current status of Project Alpha assessed evaluation
as recently corrected by the County Tax Assessor, and its impact
on tax increment funds.
In connection with these documents, Mr. Ringer explained the
reason for placing Redevelopment Agency staff salaries in the General
Fund of the City is to permit these individuals to receive the same
benefits as the remainder of City employees, the cost of which will
be reimbursed with Agency funds. He further reported that the County
Assessor's records currently estimate $1,500,000 in property taxes,
which would give the Redevelopment Agency a potential bonding capac-
ity of $10,000,000.
The above listed materials were distributed to Agency Members
for their information, and no action requested this date.
JOINT MEETING - CITY COUNCIL /REDEVELOPMENT AGENCY - CITY PLANNING
COMMISSION AND CODMU14ITY REDEVELOPMENT COMMISSION: Redevelopment
.Director Knowlton Fernald announced that he had made arrangements
to hold the planned joint meeting of the City Council /Redevelopment
Agency, City Planning Commission and Redevelopment Commission on
Wednesday, February 12, 1975, 7:30 P.M.,in the Management Control
Center, 114 South Claudina Street.
The Agency Members indicated agreement.
ADJOURNMENT: Mr. Sneegas moved to adjourn to Wednesday, February 12,
1975, 7:30 P.M. at the Management Control Center. Mrs. Kaywood
seconded the motion. MOTION CARRIED.
i
ADJOURNED: 1:05 P.M. 1
SIGNED k�.�,ue,. �7�..� Vic'✓
Secretary, RedeVdlopment Agency