RA 04-15-02TOWN OF LOS GATOS
CALIFORNIA
REDEVELOPMENT AGENCY
April 15, 2002
Minutes
REDEVELOPMENT AGENCY
The Redevelopment Agency/Town Council of the Town of Los Gatos met in the Council Chambers
of the Town hall, 110 East Main Street, at 7:05 p.m., Monday, April 15, 2002, in joint regular
session.
ROLL CALL
Present:Steven Blanton, Sandy Decker, Steve Glickman,
Joe Pirzynski, and Mayor/Chairman Randy Attaway.
Absent:None.
MILES AVENUE 31/LOS GATOS CREEK VILLAGE APARTMENTS/LOAN REQUEST (17.39)
Motion by Mr. Blanton, seconded by Mrs. Decker, to accept and file informational report for the
Council and Redevelopment Agency, on the loan request for Los Gatos Creek Village Apartments,
31 Miles, Community Developers Local Development Co. Carried unanimously.
ACCOUNTS PAYABLE/RATIFICATION/MARCH 2002 (19.V)
Motion by Mr. Blanton, seconded by Mrs. Decker, that the Agency ratify the accompanying
check registers for accounts payable invoices paid on March 25, 2002 and April 5, 2002 in the
amount of $43,576.99. Carried unanimously.
MINUTES OF APRIL 1, 2002 (20.V)
Motion by Mr. Blanton, seconded by Mrs. Decker, that the Agency approve the Minutes of
April 1, 2002 Redevelopment Agency Meeting as submitted. Carried unanimously.
AUDITING SERVICES/MAZE AND ASSOCIATES/RESOLUTIONS 2002-55 & 2002-10RD (18.V)
Ray Davis, resident, asked about the oversight procedures associated with auditor’s review of the
Treasurer’s work.
Mr. Korb, Town Attorney, noted that Council adopted an investment policy which is reviewed
annually.
Mr. Conway, Finance Director, spoke to a large majority of the auditor’s work being dedicated to
the Town’s investment portfolio.
Mayor Attaway spoke of confidence in the elected treasurer who is a CPA. He also noted that a
higher level of oversight could be implemented if there was a need to see that investment policies
were being followed.
Motion by Mr. Blanton, seconded by Mrs. Decker, that Council adopt Resolution 2002-55entitled,
RESOLUTION OF THE TOWN OF LOS GATOS AUTHORIZING THE TOWN
MANAGER TO EXECUTE AN AMENDMENT TO THE AGREEMENT WITH MAZE &
ASSOCIATES FOR FINANCIAL AUDITING SERVICES FOR THE YEARS ENDING
JUNE 2002 AND JUNE 2003. Carried unanimously.
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Minutes of the April 15, 2002
Redevelopment Agency Los Gatos, California
AUDITING SERVICES/MAZE AND ASSOCIATES/CONT.
Motion by Mr. Blanton, seconded by Mrs. Decker, that Council adopt Resolution 2002-
10RDentitled, RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE TOWN OF
LOS GATOS FOR THE CENTRAL LOS GATOS REDEVELOPMENT PROJECT AREA
AUTHORIZING THE EXECUTIVE DIRECTOR TO EXECUTE AN AMENDMENT TO
THE AGREEMENT WITH MAZE & ASSOCIATES FOR FINANCIAL AUDITING
SERVICES FOR THE YEARS ENDING JUNE 2002 AND JUNE 2003. Carried unanimously.
ADJOURNMENT
Mayor Attaway adjourned this evening’s meeting at 9:24 p.m.
ATTEST:
Marian V. Cosgrove
Secretary to the Redevelopment Agency
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