RA 01-24-92TOWN OF LOS GATOS
CALIFORNIA
REDEVELOPMENT AGENCY
January 24, 1992
Minutes
REDEVELOPMENT AGENCY
The Redevelopment Agency of the Town of Los Gatos met in the Council Chambers of Town
Hall, 110 E. Main St., at 12:07 p.m., Friday, January 24, 1992, in special session.
ROLL CALL
Present:Joanne Benjamin, Steven Blanton, Brent N. Ventura
and Chairman Eric D. Carlson.
Absent:Randy Attaway
PLEDGE OF ALLEGIANCE
Given by all in attendance.
OPINION OF GENERAL COUNSEL
Kate Anderton, General Counsel, explained that Agency Member Attaway was given notice
of this meeting and has submitted a written waiver of timely notice to comply with all Brown
Act requirements. This waiver is on record for this meeting.
EXPLANATION FROM EXECUTIVE DIRECTOR
David Knapp, Executive Director, gave background review of Agency's previous action at the
time of adopting the plan, addressing the public hearing at which time the County spoke to
the plan and expressed support for the plan. There was some misunderstanding regarding
the monetary cap for the plan, as the County's spokesperson addressed a two hundred
million dollar cap, whereas the Town's plan delineated a two hundred and fifty million figure.
This difference was brought up at the meeting and the Town reaffirmed its original intention
of a $250,000,000 cap. Other issues have come up since then and the County has
requested changes to the plan. After discussion with the County, Town staff has made some
changes and has the new resolution and agreement before the Agency today. This contract
represents a satisfactory resolution of the issues raised, both to the Agency directors as well
as the County staff, including at least one Supervisor.
CONTRACT REPORT FROM AGENCY PLANNING DIRECTOR
Lee Bowman, Agency Planning Director, explained that the contract before the Agency today
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is in a different form than the others prepared for the Agency in order to be more in keeping
with the style used by the County. Within the first page are the normal whereas clauses
used in such agreements. Under the agreement section, Allocation of Tax Increment
Revenue, Exhibit A, the Town has retained the original figures as proposed last November
and which assure that the Town does not lose any value by accepting this new agreement.
The secondparagraph dealing with Subordination allows the Town to sell bonds, assures the
bonding companies, and protects the Town. The fourth paragraph, Time Limit of Plan and
Allocation of Taxes, assures the County that the Town will not carry bonds which exceed the
term of the program. This section does not limit the ability of the Agency to extend itself, but
if the Town
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January 24, 1992
Los Gatos, California
PLANNING DIRECTOR CONT.
does extend the Agency the Town will have to renegotiate with all the parties involved but
would not have to reform the Agency. This is in conformance with state law. Paragraphs
five, six and seven are standard wording for redevelopment contracts. Paragraph eight
states that if any party to this plan sues the Agency then the agreement is null and void until
the law suit is settled. Item nine is the normal termination agreement.
VOTING ABILITY OF AGENCY MEMBER
Ms Anderton stated that the process of the formation and adoption of the Agency plan had
now been completed and that Mr. Ventura is at this time eligible to vote on the Active
Redevelopment Project Agenda.
SANTA CLARA COUNTY/PASS THROUGH AGREEMENT/RESOLUTION 1992-10RA
Motion by Mrs. Benjamin, seconded by Mr. Blanton, that the Agency adopt Resolution
1992-10RA entitled, RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE TOWN
OF LOS GATOS APPROVING AN AGREEMENT BETWEEN THE AGENCY AND THE
COUNTY OF SANTA CLARA PURSUANT TO HEALTH AND SAFETY CODE SECTION
33401. regarding alleviation of financial burden or detriment caused to County by a
redevelopment project. Carried by a vote of 4 ayes. Mr. Attaway absent.
ADJOURNMENT
Motion by Mr. Ventura, seconded by Mrs. Benjamin, to adjourn this meeting at 12:19 p.m.
Carried by a vote of 4 ayes. Mr. Attaway absent.
ATTEST:
Marian V. Cosgrove
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January 24, 1992
Los Gatos, California
Secretary to the Redevelopment Agency
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