HomeMy WebLinkAbout02-23-2010 RDAMINUTES
REDEVELOPMENT AGENCY MEETING
CITY OF LAKE ELSINORE
183 NORTH MAIN STREET
LAKE ELSINORE, CA 92530
TUESDAY, FEBRUARY 23: 2010
CALL TO ORDER
Chairman Magee called the meeting to order to 7:58 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.
1b. Conference with Legal Counsel-Anticipated Litigation
Initiation of litigation pursuant to the authority Gov't Code Section 54954.2 (b2) 1
potential case subdivision (c) of Gov't Code Section 54956.9.
PRESENTATIONS / CEREMONIALS
None
PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE
None
Lake Elsinore Redevelopment Agency
Regular Meeting Minutes of February 23, 2010
PUBLIC COMMENTS - AGENDIZED ITEMS - 3 MINUTES
None
CONSENT CALENDAR
2. Approval of City Council Minutes
Recommendation:
a. Joint Meeting -January 26, 2010
b. Regular Meeting -January 26, 2010
3. Warrant List Dated February 11, 2010
Recommendations:
a. Authorize payment of Warrant List dated February 11, 2010.
4. Investment Report - January 2010
Recommendation:
a. Receive and file.
Page 2 of 4
It was moved by Agency Member Melendez and seconded by Agency Member Bhutta
to approved Consent Calendar Items 2 through 4. The motion carried unanimously by
the following vote: Agency Members: Ayes: Bhutta, Hickman, Melendez and
Chairman Magee. Noes: None. Absent: Vice Chairman Buckley
PUBLIC HEARING(S)
None
BUSINESS ITEM(S)
5. A Resolution of the Governing Board of the Redevelopment Agency of the City of
Lake Elsinore approving the Issuance of Lake Elsinore public Financing Authority
Tax Allocation revenue Bonds (1995 Series A Refunding), 2010 Series B, in the
Aggregate Principal Amount not to Exceed $11,000,000: approving a bond
Related Thereto.
Lake Elsinore Redevelopment Agency
Regular Meeting Minutes of February 23, 2010
Recommendation:
Page 3 of 4
1. That the Agency Board Adopt Resolution On. 2010-001 RDA and approve
execution of the necessary document to issue Bonds in an amount not to
exceed $11 million to refinance the Authority's 1995 Bonds.
It was moved by Agency Member Melendez and seconded by Agency Member Bhutta
to adopt Resolution No. 2010-001 RDA and approve execution of the necessary
documents to issue Bonds in an amount not to exceed $11 million to refinance the
Authority's 1995 Bonds. The motion unanimously carried by the following vote: Ayes:
Agency Members: Hickman, Bhutta, Melendez, and Chairman Magee. Noes: None.
Absent: Vice Chair Buckley.
PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES
None
EXECUTIVE DIRECTOR COMMENTS
None
LEGAL COUNSEL COMMENTS
None
BOARDMEMBER(S) COMMENTS
Agency Member Hickman spoke of the torn awnings along Main Street which was
caused by the recent heavy rains. He suggested having the RDA create a program in
order to help finance the owners of the building.
City Attorney Leibold advised the Board Members that this could be addressed at the
next RDA meeting.
Agency Member Hickman requested a report regarding 144 S. Main Street at the next
Redevelopment Agency meeting.
ADJOURNMENT
There being no further business to come before the Agency Board, the meeting
adjourned at 8:05 p.m. to a regular meeting to be held on Tuesday, March 9, 2010, at
7:00 p.m. in the Cultural Center located at 183 N. Main Street, Lake
Elsinore, CA 92530.
Lake Elsinore Redevelopment Agency
Regular Meeting Minutes of February 23, 2010
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Page 4 of 4
ROBERT MAG E CHAIRMAN
REDEVELOP T AGENCY
CITY OF LAK ELSINORE
CITY OF LAKE ELSINORE