Agenda Item 2(a): MOTION by White, seconded by Dresser, approved the Minutes of the November 9, 2004, Regular Redevelopment Agency Meeting. Roll call vote was unanimous.

Council Member White stated that when the Redevelopment Agency was formed he advocated that the piece of property on Clark Road that was being looked at by the soccer club be included in the Redevelopment project area. The soccer club cannot financially afford to develop the subject property for soccer. He stated that he has had discussions with the soccer club to sell a portion of the property for low income housing and that soccer board is amenable to selling a portion. White asked if the directors are amenable to purchasing a portion of that property for low income housing and looking for a someone to develop the property for low income housing. The cost would be the debt service on the note for the land. The land is already zoned for the multi-family housing.

Executive Director Rough informed the Council that there is currently unallocated funds available in the amount of $62,000 for this year. He further stated that September 2005 would be the next time the Redevelopment Agency could approve a tax allocation note in the amount of $220,000, of which $40,000 to $50,000 would be available as unallocated funds.

None.

MOTION by White, seconded by Huffman, adjourned the Redevelopment Agency Regular Meeting at 10:50 p.m. Agency vote was unanimous.