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HomeMy WebLinkAbout05-11-2010 RDAMINUTES REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CA 92530 . TUESDAY, MAY 11, 2010 ................................... .............................., CALL TO ORDER Chairman Magee called the meeting to order at 7:47 p.m. ROLL CALL PRESENT: CHAIR MAGEE AGENCY MEMBER BHUTTA AGENCY MEMBER HICKMAN AGENCY MEMBER MELENDEZ ABSENT: VICE -CHAIR BUCKLEY Also present: Agency Counsel Leibold, Executive Director Brady, and Agency Secretary Cowley. REDEVELOPMENT AGENCY CLOSED SESSION Agency Counsel Leibold announced the Agency met in closed session to discuss the following items and there was no reportable action as to each item. la. Conference with Legal Counsel - Anticipated Litigation Initiation of litigation pursuant to subdivision (c) of Gov't Code Section 54956.9: 1 potential case. PUBLIC COMMENTS — NON -AGENDIZED ITEMS —1 MINUTE None. PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES None. Lake Elsinore Redevelopment Agency Page 2 of 3 Regular Meeting Minutes of May 11, 2010 CONSENT CALENDAR 2. Approval of City Council Minutes Recommendation: That the Redevelopment Agency approve the following minutes: a. Joint City Council /Redevelopment Agency of April 27, 2010. 3. Warrant List Dated April 29, 2010 Recommendations: That the Redevelopment Agency authorize payment of Warrant List dated April 29, 2010. It was moved by Agency Member Melendez and seconded by Agency Member Bhutta to approve Consent Calendar Items 2 through 3. The motion carried unanimously by the following vote: Agency Members: Ayes: Bhutta, Hickman, Melendez, and Chairman Maqee. Noes: None. Absent: Vice Chair Bucklev PUBLIC HEARING(S) None BUSINESS ITEM(S) 4. Consideration of Payment to State of California Supplemental Educational Revenue Augmentation Fund, Recommendations: It is recommended the Agency Board (1) direct the Agency Executive Director to revise the Agency's budget, if necessary, consistent with the above - referenced fiscal impacts; and (2) consider the Finance Team's determination of the precise amount of available funding the Agency's Project Area funds and, to the extent that Housing Fund monies are necessary to satisfy the SERAF obligation, make the appropriate fundings. Chairman Magee advised the public and the Agency that the payment to the State of California for the Supplement Educational Revenue in the amount of $6,970,262 was paid on May 10th, and requested the City Attorney Leibold to provide the Agency and audience with her report. City Attorney Leibold provided a report to the Agency and recommended to the Agency to direct the Agency Executive to revise the Agency's budget and have the Agency's Finance Team determine the available funding to satisfy the SERAF obligation. Lake Elsinore Redevelopment Agency Regular Meeting Minutes of May 11, 2010 Page 3 of 3 It was moved by Agency Member Hickman and seconded by Agency Member Bhutta to direct the Agency Executive Director to revise the Agency's budget, consider the Finance Team's determination of the precise amount of available funding in the Agency's Project Area funds and to the extent that Housing Fund monies are necessary to satisfy the SERAF obligation. The motion carried unanimously by the following vote: Agency Members: Ayes: Bhutta, Hickman, Melendez, and Chairman Magee. Noes: None. Absent: Vice Chair Buckley. PUBLIC COMMENTS — NOWAGENDIZED ITEMS — 3 MINUTES None EXECUTIVE DIRECTOR COMMENTS None LEGAL COUNSEL COMMENTS None BOARDMEMBER(S) COMMENTS No comments. ADJOURNMENT There being no further business to come before the Agency Board, the meeting adjourned at 7:53 p.m. to a regular meeting to be held on Tuesday, May 25, 2010, at 7:00 p.m. in the Cultural Center located at 183 N. Main Street, Lake Elsinore, CA 92530. ATTEST: it, �zz- CAROL COWEILY, SE ETARY LAKE ELSINORE REDEVELOPMENT AGENCY /- r /r // ROBERT MAGEK,,CHAIRMAN REDEVELOPMW AGENCY CITY OF LAKE ELSINORE