Loading...
RDA 09-20-2011 Joint � ds CUPERTINO AGENDA JOINT CITY COUNCIL AND REDEVELOPMENT AGENCY MEETING Regular Meetings Tuesday, September 20, 2011 CALL TO ORDER At 6:45 p.m. Mayor Gilbert Wong called the joint meeting to order in the Council Chamber, 10350 Torre Avenue, Cupertino, California. ROLL CALL Present: Mayor Gilbert Wong, Vice -Mayor Mark Santoro, and Council members Barry Chang, Orrin Mahoney, and Kris Wang. Absent: none. Present: Chairman Gilbert Wong, Vice - Chairman Mark Santoro, and Agency members Barry Chang, Orrin Mahoney, and Kris Wang. Absent: none. 14. Subject: Agency Transfer Payment Agreement Between the Cupertino Redevelopment Agency and the City of Cupertino Recommended Action: A. Redevelopment Agency action: Adopt Resolution No. 11 -05, approving the execution of the Agency Transfer Payment Agreement with the City of Cupertino B. City Council action: Adopt Resolution No. 11 -164, approving the execution of the Agency Transfer Payment Agreement with the Cupertino Redevelopment Agency Description: The Agreement carries out the remittance payments required under the new opt - in ordinance that allows the Redevelopment Agency to continue its existence. Since the Agreement is between the Agency and the City, the Agency Board and City Council both need to adopt resolutions for the Agreement. Interim City Attorney Gary Baum highlighted the staff report. He stated that should the city fail to pass the resolution, the city's General Fund would be required to pay $542,000.00 to the State this fiscal year with additional payments in subsequent years. Mahoney moved and Wang seconded to adopt Redevelopment Agency Resolution No. 11 -05, approving the execution of the Agency Transfer Payment Agreement with the City of Cupertino. The motion carried unanimously. Mahoney moved and Wang seconded to adopt City Council Resolution No. 11 -164, approving the execution of the Agency Transfer Payment Agreement with the Cupertino Redevelopment Agency. The motion carried unanimously. September 20, 2011 Cupertino City Council Page 2 ADJOURNMENT of the City Council and Redevelopment Agency At 7:40 p.m., the meeting was adjourned. • Kimberly Smith, I Clerk Staff reports, backup materials, and items distributed at the City Council meeting are available for review at the City Clerk's Office, 777 -3223, and also on the Internet at www.cupertino.org. Click on Agendas & Minutes, then click on the appropriate Packet. Most Council meetings are shown live on Comcast Channel 26 and AT &T U -verse Channel 99 and are available at your convenience at www.cupertino.org. Click on Agendas & Minutes, then click Archived Webcast. Videotapes are available at the Cupertino Library, or may be purchased from the Cupertino City Channel, 777 -2364.