HomeMy WebLinkAboutPCDC Minutes 06/24/1991MINUTES OF A MEETING OF THE
PETALUMA COMMUNITY DEVELOPMENT COMMISSION
MONDAY, JUNE 24,1991
ROLL CALL
PRESENT: Read, Woolsey, Davis, Vice Chairman Cavanagh,
Chairman Hilligoss, Sobel, Nelson
ABSENT: None
BUDGET
Budget Finance Director David Spilman reviewed the Central Business
District and the 1988 District Budgets item by item. The beginning fund
balance is $3,029,827 and the ending fund balance is $70,180.
URM The Commission requested additional information on low interest
loans for the Unreinforced Masonry Building project.
Tax Allocation Notes He recommended that the Commission refinance the
$4,195,000 tax allocation notes which was the instrument to acquire land for
the Auto Center. More information will be developed for their consideration
later in the year.
Housing Regarding housing, the Executive Director recommends that all
low income housing project be placed under the wing of the Petaluma
Community Development Commission.
RESOLUTION 91-01
1991-92 FISCAL YEAR BUDGET
It was moved by Michael Davis, seconded by Brian Sobel to adopt
Resolution 91-01 approving the the 1991-92 Fiscal Year PCDC Budget as
submitted.
AYES: Read, Davis, Woolsey, Sobel, Nelson
Vice Mayor Cavanagh, Mayor Hilligoss
NOES: None /}
ABSENT: None
M. Patricia Hilligoss,
ATTEST:
&4w"6et—
Patricia
E. Bernard,
Recording Secretary
PCDC Meeting Monday, June 24, 1991 Page 1 of 1