JOINT MEETINGS WITH THE CITY COUNCIL:

1.

RA 43

RA 42-1

R-2082

26,549

2.

RA 92-1

R-2083

26,550

PROFESSIONAL SERVICES AGREEMENT (PSA) FOR DEVELOPMENT IMPACT FEE NEXUS STUDY:

Recommendation:

    1. Adoption of proposed Redevelopment Agency    resolution entitled:

A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK APPROVING A COOPERATION AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY AND THE CITY OF BURBANK AND AMENDING THE FISCAL YEAR 2003-2004 ANNUAL BUDGET IN THE AMOUNT OF $50,000 FOR THE PURPOSE OF FUNDING A NEXUS FEE STUDY.

      2.   Adoption of proposed Council resolution entitled:

     A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING A COOPERATION AGREEMENT BETWEEN THE CITY OF BURBANK AND THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK, AND A PROFESSIONAL SERVICES AGREEMENT BETWEEN THE CITY OF BURBANK AND ECONOMIC AND PLANNING SYSTEMS, INC.

      SECOND AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT WITH THE UNITED CEREBRAL PALSY FOUNDATION FOR AN INDEPENDENT LIVING FACILITY AT 600 SOUTH SAN FERNANDO BOULEVARD:

Recommendation:

      1.  Adoption of a Redevelopment Agency resolution entitled:

       A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK APPROVING THE SECOND AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE AGENCY, THE CITY OF BURBANK AND UNITED CEREBRAL PALSY/SPASTIC CHILDREN�S FOUNDATION OF LOS ANGELES AND VENTURA COUNTIES.

      2.   Adoption of proposed Council resolution entitled:

      A RESOLUTION OF THE COUNCIL OF THE CITY OF BURBANK APPROVING THE SECOND AMENDMENT TO DISPOSITION AND DEVELOPMENT AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK, THE CITY OF BURBANK AND UNITED CEREBRAL PALSY/SPASTIC CHILDREN�S FOUNDATION OF LOS ANGELES AND VENTURA COUNTIES.

Adopted

5-0

Adopted

5-0

Adopted

5-0

Adopted

5-0

CONSENT CALENDAR:  (Items 3 and 4)

3.

MINUTES:

Approval of minutes for the regular meeting of May 27, June 3, June 10, June 17, June 24, July 15, July 22, July 29 and August 19, 2003.

Approved as

Submitted.

4-0

Mrs. Ramos absent

4.

RA 50

RA 60

R-2084

REVISION TO THE SECOND SUPPLEMENTAL INDENTURE OF THE TRUST RELATING TO THE ISSUANCE OF UP TO $23 MILLION IN BURBANK PUBLIC FINANCING AUTHORITY, REVENUE BONDS 2003 SERIES C (CITY CENTRE REDEVELOPMENT PROJECT):

Recommendation:

Adoption of proposed resolution entitled:

RESOLUTION APPROVING, AND AUTHORIZING AND DIRECTING EXECUTION OF A SECOND SUPPLEMENTAL INDENTURE OF TRUST RELATING TO THE REFINANCING OF REDEVELOPMENT ACTIVITIES WITHIN THE CITY CENTRE REDEVELOPMENT PROJECT AREA AND AUTHORIZING AND DIRECTING ACTIONS WITH RESPECT THERETO.

Adopted

4-0

Mrs. Ramos Absent

REPORT TO AGENCY:

5.

RA 42

OFFER OF PREPAYMENT FOR THE PARTICIPANT REPAYMENT NOTE BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK AND STRATEGIC HOTEL CAPITAL, INCORPORATED (HILTON HOTEL):

Recommendation:

Adoption of proposed resolution entitled:

A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK ACCEPTING A PREPAYMENT FOR THE PARTICIPANT REPAYMENT NOTE BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF BURBANK AND STRATEGIC HOTEL CAPITAL INCORPORATED (HILTON HOTEL).

Staff directed to consider a more appropriate discount rate.

Noted and filed.

Ms. Murphy suggested two Council Members work with staff on the issue.  Mr. Golonski and Mr. Vander Borght volunteered.