RA 07-01-02TOWN OF LOS GATOS
CALIFORNIA
REDEVELOPMENT AGENCY
July 1, 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, July 1, 2002, in joint special session.
ROLL CALL
Present:Steven Blanton, Sandy Decker, Steve Glickman,
Joe Pirzynski, and Mayor/Chairman Randy Attaway.
Absent:None.
ACCOUNTS PAYABLE/RATIFICATION/JUNE 2002 (26.V)
Motion by Mr. Blanton, seconded by Mr. Pirzynski, that the Agency ratify the
accompanying check registers for accounts payable invoices paid on June 14, 2002 and June 21,
2002 in the amount of $376,577.46. Carried unanimously.
MINUTES OF JUNE 17, 2002 (27.V)
Motion by Mr. Blanton, seconded by Mr. Pirzynski, that the Council/Agency approve the
Minutes of June 17, 2002 joint special session as submitted. Carried unanimously.
NORTH SANTA CRUZ STREETSCAPE/PROJECT 0108/PHASE I - SIDEWALKS (28.25)
Motion by Mr. Blanton, seconded by Mr. Pirzynski, that Council/Redevelopment
Agency reject all bids and direct staff to immediately readvertise the project. Carried
unanimously.
TRANSPORTATION FUND FOR CLEAN AIR/RESOLUTIONS 2002-122 & 2002-20RD (29.25)
Ray Davis, resident, spoke of increased traffic due to continued development in town and
the pollution it will cause, and suggested the town use the funds to study its own air
pollution.
Motion by Mr. Pirzynski, seconded by Mr. Glickman, that Council/Redevelopment
Agency adopt Resolution 2002-122 and Resolution 2002-20RD entitled, RESOLUTION OF
THE TOWN COUNCIL & REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS
AUTHORIZING THE SUBMITTAL OF AN APPLICATION TO THE BAY AREA AIR
QUALITY MANAGEMENT DISTRICT FOR FUNDS FOR THE PURPOSE OF
INSTALLATION OF BICYCLE RACKS TO INCREASE AND SUPPORT BICYCLE
TRANSPORTATION THROUGHOUT TOWN AND AUTHORIZING THE
IMPLEMENTATION OF SAME IF THE APPLICATION IS APPROVED BY THE BAY
AREA AIR QUALITY MANAGEMENT DISTRICT BOARD OF DIRECTORS. Carried
unanimously.
STREET RESURFACING PROG./PROJECT 0217/RESOLUTIONS 2002-123 & 2002-21RD (30.25)
Ray Davis, resident, spoke of proper oversight of road projects.
Motion by Mr. Blanton, seconded by Mr. Glickman, that Council/Redevelopment
Agency adopt Resolution 2002-123 and Resolution 2002-21RD entitled, RESOLUTION OF
TC:D13:RA070102
THE TOWN COUNCIL & REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS
APPROVING THE PLANS AND SPECIFICATIONS FOR PROJECT 0217 - FY 2002-03 -
STREET RESURFACING PROGRAM AND AUTHORIZING STAFF TO ADVERTISE THE
PROJECT FOR BIDS. Carried unanimously.
CERTIFICATES OF PARTICIPATION/LEASE FINANCING DOCUMENTS
TRUST AGREEMENT/OFFICIAL STATEMENT AND ACTIONS
RESOLUTION 2002-124 AND RESOLUTION 2002-19RD (38.09)
Mayor Attaway stated that this was the time and place duly noted to consider adopting resolutions
authorizing the execution, sale and delivery of not to exceed $11 million of Certificates of Participation,
authorizing and directing execution of related lease financing documents and trust agreement, approving
Official Statement, and authorizing official actions.
Emily Wgner, of E. Wagner & Associates, gave an overview of the Town’s financial position and
ratings as they apply to acquiring certificates of participation to finance improvements called for in
the Central Los Gatos Redevelopment Plan.
Motion by Mrs. Decker, seconded by Mr.Pirzynski, that Council adopt Resolution 2002-
124 entitled, RESOLUTION OF THE TOWN COUNCIL OF THE TOWN OF LOS GATOS
AUTHORIZING THE EXECUTION, SALE AND DELIVERY OF NOT TO EXCEED
$11,000,000 CERTIFICATES OF PARTICIPATION, AUTHORIZING AND DIRECTING
EXECUTION OF RELATED LEASE FINANCING DOCUMENTS AND TRUST
AGREEMENT, APPROVING OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL
ACTIONS. Carried unanimously.
Motion by Mrs. Decker, seconded by Mr.Pirzynski, that the Redevelopment Agency
adopt Resolution 2002-19RD entitled, RESOLUTION OF THE REDEVELOPMENT
AGENCY OF THE TOWN OF LOS GATOS AUTHORIZING THE EXECUTION AND
DELIVERY OF NOT TO EXCEED $11,000,000 CERTIFICATES OF PARTICIPATION,
AUTHORIZING AND DIRECTING EXECUTION OF RELATED LEASE FINANCING
DOCUMENTS, APPROVING OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL
ACTIONS. Carried unanimously.
CAPITAL IMPROVEMENT PROGRAM/QUARTERLY REPORT (38.09)
Ray Davis spoke of the implementation of the audio-visual improvements in the Council Chambers
for recording of Council proceedings for public access.
Motion by Mr. Glickman, seconded by Mr. Blanton, that the Agency accept the quarterly status
report on the Capital Improvement Program. Carried unanimously.
ADJOURNMENT
Mayor Attaway adjourned this evening’s meeting at 10:40 p.m.
ATTEST:
Marian V. Cosgrove
TC:D13:RA070102
Secretary to the Redevelopment Agency
TC:D13:RA070102
Minutes of the July 1, 2002
Redevelopment Agency Los Gatos, California
TC:D13:RA070102
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