The CRA announced Thursday morning that it was calling a special meeting of its commission for Friday morning to approve what seems like a stunning development: A cooperation agreement with the city for $885 million involving all its operations.
Is it a subterfuge to skirt Gov. Jerry Brown’s plan to eliminate all redevelopment agencies? What could possibly be so urgent as to justify a special meeting without three days notice, without any documents or explanation?
COMMUNITY REDEVELOPMENT AGENCY
SPECIAL MEETING AGENDA
CRA/LA AGENDA FOR JANUARY 14, 2011
Garland Center, 1200 W. 7th St., Los Angeles
AUTHORITY TO EXECUTE A COOPERATION AGREEMENT WITH CITY OF LOS
ANGELES FOR PAYMENT OF APPROXIMATELY $885 MILLION FOR COSTS
ASSOCIATED WITH CERTAIN REDEVELOPMENT AGENCY FUNDED CAPITAL
IMPROVEMENT, PUBLIC IMPROVEMENT AND AFFORDABLE HOUSING
PROJECTS LOCATED WITHIN THE CURRENTLY DESIGNATED 31
REDEVELOPMENT PROJECT AREAS.