Item 11 Staff Report Consider Adopting Resolution Approving the 2002-03 Annual Report for the Los Gatos Redevelopment AgencyJ
MEETING DATE: 12/15/03
ITEM NO.
COUNCIL/AGENCY AGENDA REPORT
DATE: DECEMBER 5, 2003
TO: MAYOR AND TOWN COUNCIL/CHAIR AND MEMBERS OF THE
REDEVELOPMENT AGENCY
FROM: DEBRA J. FIGO
TOWN MANAGER/EXECUTIVE t$IRECTOR
SUBJECT: CONSIDER ADOPTING RESOLUTION APPROVING THE 2002-03 ANNUAL
REPORT FOR THE LOS GATOS REDEVELOPMENT AGENCY.
RECOMMENDATION:
Adopt resolution approving the 2002-03 Annual Report for the Los Gatos Redevelopment Agency.
DISCUSSION:
Pursuant to California Health and Safety Code §33080.1, the Redevelopment Agency shall present
an annual report to Council within six months of the end of the fiscal year. The report shall contain:
(1) an independent financial audit report for the previous fiscal year; (2) a fiscal statement for the
previous fiscal year including the Agency's revenues,. debts, the amounts of tax increment to be
allocated to other districts; (3) a description of the Agency's activities in the previous fiscal year
affecting housing; (4) a description of the Agency's progress in alleviating blight during the previous
fiscal year; (5) information about loans made by the Agency at or exceeding $50,000 that were in
default or otherwise not in compliance with the terms of the loan; (6) a description of the total
number and nature of properties owned by the Agency and those acquired during the prior fiscal
year; and (7) any other useful information to explain the Agency's programs.
The 2002-03 audit to be completed by Maze and Associates by December 31, 2003 will include the
auditor's opinion of the Agency's operations and financial position, and the Agency's compliance
with laws, regulations and administrative requirements governing the agency, including all financial
activities involving low- and moderate -income housing funds. The Statement of Housing Activity
PREPARED BY:
y
Financ erector
Marty Woodworth c4,-/
Redevelopment and Economic
Vitality Director
Reviewed by: p' S Assistant Town ManagerOf/Town Attorney Clerk $ '_-Finance
j,/Community Development Revised: 12/3/03 10:38 am
Reformatted: 5/30/02
PAGE 2
MAYOR AND TOWN COUNCIL/CHAIR AND MEMBERS OF THE REDEVELOPMENT AGENCY
SUBJECT: ADOPT RESOLUTION APPROVING 2002-03 ANNUAL REPORT
December 5, 2003
and the Annual Report of Financial Transactions (Attachment 1, Exhibits A and B) consist of forms
provided by the State Department of Housing and Community Development.
A number of major accomplishments were made by the Los Gatos Redevelopment Agency during
the 2002-03 fiscal year. The second phase of the downtown streetscape improvement project was
initiated with sidewalk, streetscape and storm drain improvements being made to Santa Cruz Ave.
between Main St. and Highway 9. The Habitat for Humanity house on Charles St. was constructed
and an affordable senior group residence with Project Match initiated. A new banner program for
the downtown and Los Gatos Blvd. was developed and new banners and hardware installed. Trader
Joe's was approved for a store in the former McWhorter's space in the Los Gatos Village Square
Shopping Center. Efforts were begun to extend the Agency's eminent domain authority for another
12 years. Monthly business recognition by Council Members was undertaken. Bentley of Silicon
Valley was assisted in obtaining approval for a new showroom across the street in the former "Move
It" space. The implementation of the Town's Economic Vitality Plan continued with business
retention and attraction efforts. Town Hall in the neighborhood meetings were undertaken in
several areas including the business community. The Town continued to work closely with the
Chamber of Commerce, particularly regarding advertising and marketing of the Town.
The State continues to look to redevelopment agencies statewide to help balance the State budget.
For fiscal year 2002-03, the State took $75 million from redevelopment agencies statewide as part
of the ERAF shift. The Los Gatos Redevelopment Agency's portion amounted to about $104,000
from its general (non -housing set -aside) account. For fiscal year 2003-04, the ERAF shift will about
double with the Los Gatos Redevelopment Agency owing approximately $209,000. Given the
State's budget problems, we may expect continued ERAF payments in the future.
CONCLUSION:
Upon approval by the Council, the Annual Report will be sent to the State Controller and the State
Department of Housing and Community Development as required by State law.
ENVIRONMENTAL ASSESSMENT:
Approval of the Redevelopment Agency Annual Report is not a project subject to CEQA.
FISCAL IMPACT: None
Thlifor Redevelopment Agencies - Fiscal Ye- 2002/
St, of Low and Moderate Income Housi, unds
Sch C Agency Financial and Program Detail
LOS GATOS RDA
Beginning Balance $2,081,106
Adjustment to Beginning Balance -$5,180
Adjusted Beginning Balance $2,075,926
Total Tax Increment From PA(s) $807,489 Total Receipts from PA(s) $934,812
Other Revenues not reported on Schedule A $0
Sum of Beginning Balance and Revenues $3,010,738
Expenditure
Item
Planning and Administration Costs
Administration Costs
Subsidies from the LMIHF
Other
Subitem
Subtotal of Planning and Administration Costs
Subtotal of Subsidies from the LMIHF
Total Expenditures
Amount Remark
$118,479
$118,479
$264,625 Habitat for Humanity
Grant
$264,625
$383,104
Net Resources Available $2,627,634
Indebtedness For Setasides Deferred $0
Other Housing Fund Assets
Category
Total Other Housing Fund Assets
Amount Remark
Total Fund Equity $2,627,634
1998/1999 $319524
1999/2000 $424612 sum of 4 Previous Years' Prior Year Ending Excess Surplus for
2000/2001 $714223 Tax Increment for 2002/2003 Unencumbered Balance 2002/2003
2001/2002 $815920 $2274279 $2,081,106 $0
Page 1 of 3 12/03/03
('Th fl
PAGE 3
MAYOR AND TOWN COUNCIL/CHAIR AND MEMBERS OF THE REDEVELOPMENT AGENCY
SUBJECT: ADOPT RESOLUTION APPROVING 2002-03 ANNUAL REPORT
December 5, 2003
ATTACHMENTS:
1. Resolution approving the 2002-2003 Annual Report for the Los Gatos Redevelopment
Agency
Exhibit A - Statement of Housing Activity for Fiscal Year 02-03
Exhibit B - Annual Report of Financial Transactions for Fiscal Year 02-03
MW:mdc
N:\DEV \Marty\a n n ua l repor t\ rda 0 2 -03 a n n u a l re p ort. wp d
RESOLUTION 2003 -
RESOLUTION OF THE TOWN COUNCIL/REDEVELOPMENT AGENCY OF THE
TOWN OF LOS GATOS
APPROVING THE 2002-03 ANNUAL REPORT FOR
THE LOS GATOS REDEVELOPMENT AGENCY
WHEREAS:
1. The California Community Redevelopment Law (§33080.1) requires every
redevelopment agency to present a report on financial and housing activity to its legislative body
within six months of the end of the agency's fiscal year.
2. The Annual Report for the Redevelopment Agency consists of an independent financial
audit report for the previous fiscal year, a fiscal statement for the previous fiscal year, and a
description of the agency's activities affecting housing and displacement.
3. The audit to by issued by Maze and Associates by December 31, 2003 will give an
unqualified opinion of the Redevelopment Agency's financial activities includes the auditor's opinion
of the agency's operations and financial position, and the agency's compliance with laws, regulations
and administrative requirements governing activities of the agency, including all financial activities
involving low- and moderate -income housing funds.
4. The Statement of Housing Activity and the Annual Report of Financial Transactions,
attached hereto as Exhibits A and B, consist of forms provided by the State Department of Housing
and Community Development.
5. Approval of the 2002-03 Annual Report for the Los Gatos Redevelopment Agency does
not constitute a project for purposes of the California Environmental Quality Act ("CEQA").
RESOLVED, that the Town Council/Redevelopment Agency hereby approves and adopts the
2002-03 Annual Report for the Los Gatos Redevelopment Agency, attached hereto as Exhibits A
and B.
FURTHER RESOLVED, that the Town Council determines the planning and administrative
expenses from the Low and Moderate Income Housing Fund are necessary for the production,
improvement, or preservation of low- and moderate- income housing.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on thel5th day of December, 2003 by the following vote:
COUNCIL/AGENCY BOARD MEMBERS:
AYES:
NAYS:
ABSENT:
ABSTAIN:
SIGNED: /s/
MAYOR/CHAIRPERSON OF THE
TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
CLERK OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
(Th fl
RESOLUTION 2003 - 3ORD
RESOLUTION OF THE TOWN COUNCIL/REDEVELOPMENT AGENCY OF THE
TOWN OF LOS GATOS
APPROVING THE 2002-03 ANNUAL REPORT FOR
THE LOS GATOS REDEVELOPMENT AGENCY
WHEREAS:
1. The California Community Redevelopment Law (§33080.1) requires every
redevelopment agency to present a report on financial and housing activity to its legislative body
within six months of the end of the agency's fiscal year.
2. The Annual Report for the Redevelopment Agency consists of an independent
financial audit report for the previous fiscal year, a fiscal statement for the previous fiscal year,
and a description of the agency's activities affecting housing and displacement.
3. The audit to by issued by Maze and Associates by December 31, 2003 will give an
unqualified opinion of the Redevelopment Agency's financial activities includes the auditor's
opinion of the agency's operations and financial position, and the agency's compliance with laws,
regulations and administrative requirements governing activities of the agency, including all
financial activities involving low- and moderate -income housing funds.
4. The Statement of Housing Activity and the Annual Report of Financial Transactions,
attached hereto as Exhibits A and B, consist of forms provided by the State Department of
Housing and Community Development.
5. Approval of the 2002-03 Annual Report for the Los Gatos Redevelopment Agency
does not constitute a project for purposes of the California Environmental Quality Act
("CEQA").
RESOLVED, that the Town Council/Redevelopment Agency hereby approves and adopts
the 2002-03 Annual Report for the Los Gatos Redevelopment Agency, attached hereto as
Exhibits A and B.
FURTHER RESOLVED, that the Town Council determines the planning and
administrative expenses from the Low and Moderate Income Housing Fund are necessary for the
production, improvement, or preservation of low- and moderate- income housing.
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on thel5th day of December, 2003 by the following vote:
COUNCIL/AGENCY BOARD MEMBERS:
AYES: Sandy Decker, Diane McNutt, Joe Pirzynski, Mike Wasserman,
Mayor Steve Glickman.
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED:
/s/ Steve Glickman
MAYOR/CHAIRPERSON OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
/s/ Marian V. Cosgrove
CLERK/SECRETARY OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
fl
RESOLUTION 2003 -144
RESOLUTION OF THE TOWN COUNCIL/REDEVELOPMENT AGENCY OF THE
TOWN OF LOS GATOS
APPROVING THE 2002-03 ANNUAL REPORT FOR
THE LOS GATOS REDEVELOPMENT AGENCY
WHEREAS:
1. The California Community Redevelopment Law (§33080.1) requires every
redevelopment agency to present a report on financial and housing activity to its legislative body
within six months of the end of the agency's fiscal year.
2. The Annual Report for the Redevelopment Agency consists of an independent
financial audit report for the previous fiscal year, a fiscal statement for the previous fiscal year,
and a description of the agency's activities affecting housing and displacement.
3. The audit to by issued by Maze and Associates by December 31, 2003 will give an
unqualified opinion of the Redevelopment Agency's financial activities includes the auditor's
opinion of the agency's operations and financial position, and the agency's compliance with laws,
regulations and administrative requirements governing activities of the agency, including all
financial activities involving low- and moderate -income housing funds.
4. The Statement of Housing Activity and the Annual Report of Financial Transactions,
attached hereto as Exhibits A and B, consist of forms provided by the State Department of
Housing and Community Development.
5. Approval of the 2002-03 Annual Report for the Los Gatos Redevelopment Agency
does not constitute a project for purposes of the California Environmental Quality Act
("CEQA").
)
RESOLVED, that the Town Council/Redevelopment Agency hereby approves and adopts
the 2002-03 Annual Report for the Los Gatos Redevelopment Agency, attached hereto as
Exhibits A and B.
FURTHER RESOLVED, that the Town Council determines the planning and
administrative expenses from the Low and Moderate Income Housing Fund are necessary for the
production, improvement, or preservation of low- and moderate- income housing.
!'T
PASSED AND ADOPTED at a regular meeting of the Town Council of the Town of Los
Gatos, California, held on thel5th day of December, 2003 by the following vote:
COUNCIL/AGENCY BOARD MEMBERS:
AYES: Sandy Decker, Diane McNutt, Joe Pirzynski, Mike Wasserman,
Mayor Steve Glickman.
NAYS: None
ABSENT: None
ABSTAIN: None
SIGNED:
/s/ Steve Glickman
MAYOR/CHAIRPERSON OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
ATTEST:
/s/ Marian V. Cosgrove
CLERK/SECRETARY OF THE TOWN OF LOS GATOS
LOS GATOS, CALIFORNIA
-ornia Redevelopment Agencies - Fiscal Yr 9'12/2003
,tatus of Low and Moderate Income Housi is
Sch C Agency Financial and Program Detail
LOS GATOS RDA
Sum of Current and 3 Previous Years' Tax Increments $2,762,244
Adjusted Balance $2,627,634
Excess Surplus for next year $0
Net Resources Available $2,627,634
Unencumbered Designated $0
Unencumbered Undesignated $2,627,634
Total Encumbrances $0
Unencumbered Balance $2,627,634
Unencumbered Balance Adjusted for Debt Proceeds $0
Unencumbered Balance Adjusted for Land Sales $0
Excess Surplus Expenditure Plan
Excess Surplus Plan Adoption Date
Site Improvement Activities Benefiting Households
Income Level Low
Construction
Rehabilitation
Health and Safety Hazard
0
0
0
Very Low
0
0
0
Moderate
0
0
0
Total
0
0
0
Land Held for Future Development
Site Name Num Of Zoning Purchase Estimated
Acres Date Start Date
Remark
Use of the Housing Fund to Assist Mortgagors
Income Adjustment Factor
Home
Non Housing Redevelopment
Funds Usage
Resource Needs
Requirements Completed
Hope
LMIHF Deposits/Withdrawls
Document
Name
Document Custodian
Date Name
Custodian
Phone
Copy
Source
Page 2 of 3
12/03/03
"'2'"'rnia Redevelopment Agencies - Fiscal Ye 1"1/2003
:atus of Low and Moderate Income Housii s
Sch C Agency Financial and Program Detail
LOS GATOS RDA
LMIHF DepositslWithdrawls
Document
Name
Pentamation Financial
System Transaction
Report
Document Custodian Custodian Copy
Date Name Phone Source
30-JUN-03 Stephen Conway, (408) 354-6828 110 E. Main Street,
Finance Director Los Gatos, CA
95030
Achievements
Description
Page 3 of 3 12/03/03
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Agency
Address
a Redevelopment Agencies- Fiscal Year i3
Project Are. Contributions to Low and Moderate Income Housing Fund
Sch A Project Area Financial Information
LOS GATOS RDA
110 E. Main Street
PO Box 949
Los Gatos
CA 95031
Project Area CENTRAL LOS GATOS PROJECT
Type: Inside Project Area
Plan Adoption: 1991
Gross Tax
Increment
$4,037,443
Status: Active
Plan Expiration: 25-NOV-31
Calculated Amount Amount Amount
Deposit Allocated Exempted Deferred
$807,489 $807,489 $0 $0
Repayment
Category
Interest Income
Total Additional Revenue
Total Housing Fund Deposits for Project Area
Total
Deposited
$807,489 20.00% $0
$0
$127,323
$127,323
$934,812
Cumulative
Def.
Agency Totals
For All Project Areas:
Gross Tax
Increment
$4,037,443
Calculated Amount
Deposit Allocated
$807,488.6 $807,489
Amount Amount
Exempted Deferred
$0 $0
Total Additional Revenue from Project Areas:
Total Deferral Repayments:
Total Deposit to Housing Fund from Project Areas:
Page 1 of 1
12/03/03
Total
Deposited
$807,489 20%
$127,323
$0
$934,812
%°
Cumulative
Def.
$0
SCHEDULE HCD E
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES
(This Form is Information Only: Actual Obligation is based on Implementation Plan)
Report Year: 2002/2003
Agency: LOS GATOS RDA
NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units
from forms HCD-D7 which are developed in a project area by any entity (agency or non -agency).
PART I
[H & SC Section 33413(b)(1)]
AGENCY DEVELOPED
1. New Units
0
2. Substantially Rehabilitated Units
0
3. Subtotal - Baseline of Units (add line 1 & 2)
0
4. Subtotal of lnclusionary Obligation Accrued this Year for Units (line 3 x 30%)
0
5. Subtotal of lnclusionary Obligation Accrued this year for Very -Low Income Units (line 4 x 50%)
0
PART II
[H & SC Section 33413(b)(2)J
NON -AGENCY DEVELOPED UNITS
6. New Units
0
7. Substantially Rehabilitated Units
0
8. Subtotal - Baseline of Units (add lines 6 & 7)
0
9. Subtotal of lnclusionary Obligation Accrued this year for Units (line 8 x 15%)
0
10. Subtotal of lnclusionary Obligation Accrued this year for Very Low Income Units (line 9 x 40%)
0
PART III
TOTALS
-
11. Total Increase in lnclusionary Obligations During This Fiscal Year (add line 4 & 9)
0
12. Total Increase in Very Low Income Units lnclusionary Obligations During This Fiscal Year (add line 5 & 10)
0
California Redevelopment Agencies - Fiscal 2002/2003
Year
Schedule E (11/01)
'Totals may be impacted by rounding
Page 1 of 1
12/03/03
SCHEDULE HCD El
CALCULATION OF INCREASE IN AGENCY'S INCLUSIONARY OBLIGATION FOR ACTIVITIES
(This Form is Information Only: Actual Obligation is based on Implementation Plan)
Report Year: 2002/2003
Agency: LOS GATOS RDA
Project Area: CENTRAL LOS GATOS PROJECT
Project: CENTRAL LOS GATOS REDEVELOPMENT PROJECT
NOTE: This form is a summary of the totals of all new construction or substantial rehabilitation units
from forms HCD-D7 which are developed in a project area by any entity (agency or non -agency).
PART I
[H & SC Section 33413(b)(1)]
AGENCY DEVELOPED
1. New Units
0
2. Substantially Rehabilitated Units
0
3. Subtotal - Baseline of Units (add line 1 & 2)
0
4. Subtotal of Inclusionary Obligation Accrued this Year for Units (line 3 x 30%)
0'
5. Subtotal of Inclusionary Obligation Accrued this year for Very -Low Income Units (line 4 x 50%)
0-
PART II
[H & SC Section 33413(b)(2)]
NON -AGENCY DEVELOPED UNITS
6. New Units
0
7. Substantially Rehabilitated Units
0
8. Subtotal - Baseline of Units (add lines 6 & 7)
9. Subtotal of Inclusionary Obligation Accrued this year for Units (line 8 x 15%)
0
0
10. Subtotal of Inclusionary Obligation Accrued this year for Very Low Income Units (line 9 x 40%)
0-
PART III
TOTALS
11. Total Increase in Inclusionary Obligations During This Fiscal Year (add line 4 & 9)
0
12. Total Increase in Very Low Income Units Inclusionary Obligations During This Fiscal Year (add line 5 & 10) I 0
California Redevelopment Agencies - Fiscal
Year
Schedule E (11/01)
'Totals may be impacted by rounding
Page 1 of 1
12/03/03
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RECONCILIATION STATEMENT - CHANGES IN INDEBTEDNESS
Tax year: 2003-04
r- 0 • .veoae•1—
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N Oe en 00 0 - .r.. a -
v00—el00—o_v
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Tax year: 2003-04
.
) CO
- ID
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2,255,265
34,226,820
2,165, 350
m rn
r Iz
O) N
f. N
N
V
679,083
10,725,000
93,070,780
nujustments Indebtedness, from
Increases (Attach Decreases (Attach Other
Explanation) Explanation) Tax Increment I Funds
0 10
O1 ID
CO CO
r Oi i'-
a CO
N CO
9 own Advance o,,ouc
Pg 2 Line L Pg 2 Line K Obligation to Low & Mod -Current Yr 2,165,35071'
Po 3 Line A P. �o i Obl 731,893, 867.365 8
gation to Low & Mod -Future Years 43,019,262 07,489
12002 Certificate of Participation Interest Due 791,769
237,164 679,083 237,164
2002 Certificate of Participation Principal - 10,725,000
V
01 N
n CO
O
N N
A
Outstanding Debt All Beginning
Indebtedness
58,736
81,680
2,683,954
36,235,006_
Debt Identification
Brief Description
Los Gatos Elem. Due for FY 2001/02
Los Gatos -Saratoga High Due 2003/04
1992 Certificate of Participation
,Election -Future Amounts Owed
T
Go
Go
Current Yr
Pg 2 Line D
Pg 2 Line E
Pg 2 Line F
IPg 2 Line I
P 2 Line J
r
L
C
•
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Z
CALCULATION OF AVAILABLE REVENUES
TOWN OF LOS GATOS REDEVELOPMENT AGENCY
CENTRAL PROJECT AREA
TAX YEAR 2003-04
RECONCILIATION DATES: July 1, 2002 to June 30 , 2003
1. Beginning Balance, Available Revenues
2. Tax Increment Received -Gross
All Tax Increment Revenues , to include any Tax Increment
pass through to other local taxing agencies
$ 6,834,222
4,429,163
3. All Other Available Revenues Received 2,755
4. Revenues from any other source, included
in column E of the Reconciliation
Statement, but not included in (1-3) above
5. Sum of lines 1 through 4 11,266,140
6. Total amounts paid against indebtedness
in previous year. (D + E on Reconciliation Statement) 3,969,295
7. Available Revenues, End of Year (5-6)
FORWARD THIS AMOUNT TO STATEMENT OF INDEBTEDNESS,
COVER PAGE, LINE 4
NOTES
7,296,844
Tax Increment Revenues:
The only amount(s) to be excluded as Tax Increment Revenue are any amounts pass through to other local taxing
agencies pursuant to Health and Safety Code Section 33676. Tax Increment Revenue set -aside in the Low and
Moderate Income Housing Fund will be washed in the above calculation, and therefore omitted from Available
Revenues at year end.
Item 4 above:
This represents any payments form any source other than Tax Increment OR available revenues. For instance, an
agency funds a project with a bond issue. The previous SOI included a Disposition and Development Agreement (DDA)
which was fully satisfied with these bond proceeds. The DDA would be shown on the Reconciliation Statement
as fully repaid under the "other" column (Col E), but with funds that were neither Tax Increment, nor "Available Revenues"
as defined. The amounts used to satisfy this DDA would be included on line 4 above in order to accurately
determine ending "Available Revenues". •
TOWN OF LOS GATOS
CALIFORNIA
REDEVELOPMENT AGENCY
December 15, 2003
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 7:13 p.m., Monday, December 15, 2003, in joint regular
session.
ROLL CALL
Present: Sandy Decker, Diane McNutt, Joe Pirzynski,
Mike Wasserman and Chairman/Mayor Steve Glickman.
Absent: None.
PROJECT 0336B/MONTEBELLO PARKING LOT/RESOLUTIONS 2003-143 & 2003-31RD (10.24)
Motion by Mrs. Decker, seconded by Mr. Pirzynski, that Council/Agency adopt Resolutions 2003-143
& 2003-31RD entitled, RESOLUTION OF THE TOWN COUNCIL AND REDEVELOPMENT
AGENCY OF THE TOWN OF LOS GATOS AWARDING A CONSTRUCTION CONTRACT
TO JOSEPH J. ALBANESE, INC. FOR PROJECT 0336B - MONTEBELLO PARKING LOT
IMPROVEMENTS, and authorizing staff to execute future change orders to the construction contract
as necessary up to an amount of $20,000. Carried unanimously.
AGENCY'S ANNUAL REPORT FOR 2002-2003/RESOLUTION 2003-144 & 2003-30RD (11.27)
Motion by Mrs. Decker, seconded by Mr. Pirzynski, that Council/Agency adopt Resolutions 2003-144
& 2003-30RD entitled, RESOLUTION OF THE TOWN COUNCIL AND REDEVELOPMENT
AGENCY OF THE TOWN OF LOS GATOS APPROVING THE 2002-2003 ANNUAL REPORT
FOR THE LOS GATOS REDEVELOPMENT AGENCY. Carried unanimously.
METOPOLITAN TRANSPORTATION COMMISSION/RESOLUTION 2003-145 & 2003-32RD (12.24)
Motion by Mrs. Decker, seconded by Mr. Pirzynski, that Council/Agency adopt Resolutions 2003-145
& 2003-32RD entitled, RESOLUTION OF THE TOWN COUNCIL AND REDEVELOPMENT
AGENCY OF THE TOWN OF LOS GATOS SUPPORTING ENHANCED REGIONAL
FUNDING FOR MAINTENANCE OF LOCAL STREETS AND ROADS. Carried unanimously.
ACCOUNTS PAYABLE/RATIFICATION/NOVEMBER 2003 (13.V)
Motion by Mrs. Decker, seconded by Mr. Pirzynski, that the Agency ratify the accompanying check
registers for accounts payable invoices paid on November 21, 2003 and November 26, 2003 in the
amount of $1,754,932.56. Carried unanimously.
MINUTES OF DECEMBER 1, 2003 (14.V)
Motion by Mrs. Decker, seconded by Mr. Pirzynski, that the Agency approve the Minutes of December
1, 2003, Joint Town Council/Redevelopment Agency Meeting as submitted. Carried unanimously.
ADJOURNMENT
Chairman Glickman closed this evening's meeting at 10:33 p.m.
ATTEST: Marian V. Cosgrove
Secretary to the Redevelopment Agency
TC: D 13: RA 12 1503