AGENDA

MEETING OF THE BOARD

OF THE

REDEVELOPMENT AUTHORITY OF THE COUNTY OF LANCASTER

TUESDAY, MAY 27, 2003

IMMEDIATELY FOLLOWING THE 5:00 P.M. BOARD MEETING OF THE

LANCASTER COUNTY HOUSING AUTHORITY

AT THE OFFICES OF THE

LANCASTER COUNTY HOUSING AND REDEVELOPMENT AUTHORITIES

150 NORTH QUEEN STREET, 1ST FLOOR, SUITE 110

 

 

I.                   CALL TO ORDER

II.                 PUBLIC COMMENTS

III.               MINUTES OF THE MARCH 25, 2003 MEETING

IV.               MINUTES OF THE APRIL 14, 2002 SPECIAL MEETING

V.                 TREASURER’S REPORT FOR THE MONTHS OF MARCH & APRIL 2003

VI.               REPORT OF THE EXECUTIVE DIRECTOR

VII.             CORRESPONDENCE/COMMUNICATIONS

VIII.           COMMITTEE REPORTS: 

                   Approval of Audit for Year Ending December 31, 2002

IX.               OLD BUSINESS.

X.                 NEW BUSINESS:

1.                 RESOLUTION APPROVING AN AMENDMENT TO A CONTRACT WITH EAST LAMPETER TOWNSHIP FOR A PROJECT ENTITLED SUSAN AVENUE RECONSTRUCTION - PHASE I. 

 

                   The Board is asked to approve the execution of an amendment to a grant agreement with East Lampeter Township for the Susan Avenue Reconstruction Project transferring $25,000.00 from 2003 Local Option Contingency Funds thereby increasing the grant amount to $225,000.00.

 

2.                 RESOLUTION APPROVING AN AMENDMENT TO A CONTRACT WITH THE BOROUGH OF QUARRYVILLE FOR A PROJECT ENTITLED HESS STREET RECONSTRUCTION – PHASE II.    

 

                   The Board is asked to approve the execution of an amendment to a grant agreement with the Borough of Quarryville for the Hess Street Reconstruction Project transferring $15,000.00 from 2003 Local Option Contingency Funds thereby increasing the grant amount to $135,000.00.

 

          3.       RESOLUTION AGREEING TO ENTER INTO A DISPOSITION AND DEVELOPMENT AGREEMENT WITH COMMUNITY BASICS, INC. AND THE COUNTY OF LANCASTER FOR THE PENINSULA HOUSING PROJECT. 

 

                   The Board is asked to authorize the Executive Director to negotiate the final terms and conditions of the Disposition and Development Agreement for the Peninsula Housing Project and to authorize the Executive Director to execute the Agreement on behalf of the Redevelopment Authority of the County of Lancaster. 

 

          4.       RESOLUTION APPROVING A CONTRACT WITH THE COMMUNITY FIRST FUND. 

 

                   The Board is asked to approve a grant in the amount of $50,000.00 to provide financial assistance to Community First Fund to acquire real estate that will be used as headquarters for the Community First Fund and to house a Financial Resource Center for business and residents of Lancaster County.  This grant is being provided with the condition that Community First Fund make an annual payment-in-lieu of taxes to the City of Lancaster, the County of Lancaster and the School District of Lancaster based on the assessed value of the property. 

 

          5.       RESOLUTION ESTABLISHING THE REDEVELOPMENT AUTHORITY’S INTENT TO BE REINBURSED FOR MULTI-PURPOSE STADIUM PROJECT COSTS FROM THE PROCEEDS OF A TAX-EXEMPT BORROWING. 

 

                   The Authority has determined that the general funds of the Authority that have been or are to be advanced by the Authority to pay expenditures consisting of, among other things, the following:  (1) feasibility studies, the design, acquisition, construction, furnishing and equipping of a multi-purpose stadium facility and related and ancillary facilities, are or will be available only for a temporary period and it is necessary to reimburse the Authority for these project expenditures from the proceeds of a tax-exempt borrowing. 

 

X.       OTHER BUSINESS:

 

          Presentation by Thomas Beckett, Senior Vice President, Fairmount Capital Advisors, Inc. 

 

          The next meeting of the Board of the Redevelopment Authority of the County of Lancaster will be held on Tuesday, June 24, 2003, immediately following the 5:00 p.m. meeting of the Lancaster County Housing Authority in the offices of the Lancaster County Housing and Redevelopment Authority, 150 North Queen Street, 1st floor, Suite 110, Lancaster, PA. 

 

XI.      ADJOURNMENT.

 

For additional information or questions regarding this Agenda, please contact Randy S. Patterson, Executive Director at 717-394-0793 or by e-mail at rpatterson@lchra.com.  

 

If you are a person with a disability who wishes to attend this meeting and requires any auxiliary aid, service, or other accommodation to enable you to participate in the meeting, please contact the Redevelopment Authority at (717) 394-0793 to discuss how we may best accommodate your needs.