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HomeMy WebLinkAbout09-28-2010 RDAMINUTES REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CA 92530 . TUESDAY, SEPTEMBER 28, 2010 . CALL TO ORDER Chairman Magee called the meeting to order at 7:43 p.m. ROLL CALL PRESENT: CHAIR MAGEE VICE-CHAIR BUCKLEY AGENCY MEMBER BHUTTA AGENCY MEMBER HICKMAN AGENCY MEMBER MELENDEZ ABSENT: NONE Also present: Executive Director Brady, Agency Counsel Leibold and Agency Secretary Cowley. CLOSED SESSION (1a) CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION Significant exposure to litigation pursuant to subdivision (b) of Gov't Code Section 54956.9: 1 potential case (1 b) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code §54956.8) Property: APN 373-023-026 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and Mamie Miller Hunt Estate Under negotiation: Price and terms of payment CLOSED SESSION REPORT Agency Counsel Leibold announced that Items (1 a) and (1 b) were discussed during closed session and there is no reportable action as to either matter. Lake Elsinore Redevelopment Agency Regular Meeting Minutes of September 28, 2010 PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 1 MINUTE There were none. PUBLIC COMMENTS - AGENDIZED ITEMS - 3 MINUTES There were none. CONSENT CALENDAR (2) Approval of Redevelopment Agency Minutes Page 2 of 4 Recommendation: Approve the following minute(s): a) Regular Meetings - August 24, 2010 and September 14, 2010 b) Joint Redevelopment Agency/City Council Meeting - August 24, 2010 (3) Warrant List Dated September 15, 2010 Recommendation: Authorize payment of Warrant List dated September 15, 2010. (4) Investment Report - August 2010 Recommendation: Receive and file. It was moved by Agency Member Bhutta and seconded by Agency Member Melendez to approve the Consent Calendar Items No. 2 through 4. The motion unanimously carried by the following vote: AYES: Agency Members: Bhutta, Hickman, Melendez, Vice-Chair Buckley and Chairman Magee. Noes; None. PUBLIC HEARING(S) No public hearings scheduled. BUSINESS ITEM(S) (5) Agency Accounting Services Recommendation: It is recommended that the Agency retain Teaman for performance of professional services as described in the Scope of Work and that the Agency's Executive Director be authorized to enter into a professional service agreement with Teaman in an amount not to exceed $25,000. Director of Administrative Services Riley provided an overview of the project to the Agency. Lake Elsinore Redevelopment Agency Regular Meeting Minutes of September 28, 2010 Page 4 of 4 It was moved by Vice Chair Buckley and seconded by Agency Member Melendez to continue the item to October 12, 2010. The motion unanimously carried by the following vote: AYES: Agency Members: Bhutta, Hickman, Melendez, Vice-Chair Buckley and Chairman Magee. Noes; None PUBLIC COMMENTS - NON-AGENDIZED ITEMS - 3 MINUTES There were none. EXECUTIVE DIRECTOR COMMENTS There were none. LEGAL COUNSEL COMMENTS There were none. BOARD MEMBER COMMENTS There were none. ADJOURNMENT There being no further business to come before the Agency Board, the meeting adjourned at 7:54 p.m. to a regular meeting to be held on Tuesday, October 12, 2010, at 7:00 p.m. in the Cultural Center located - )83 n.~ylain~ Street, Lake Elsinore, CA 92530. / REDEVELOPMENTA'GENCY AT T: CAROL C wL Y, SECR ARY LAKE ELSINORE REDEVELOPMENT AGENCY J Lake Elsinore Redevelopment Agency Regular Meeting Minutes of September 28, 2010 Page 3 of 4 Agency Member Melendez commended Director of Administrative Services Riley for his willingness to come before the Agency and ask for assistance with the scope of work to be completed. Agency Bhutta asked Director of Administrative Services Riley if Teaman is familiar with the City's work. Director of Administrative Services Riley replied by saying Teaman has conducted several audits for the City and is very familiar with their procedures. It was moved by Agency Member Hickman and seconded by Vice Chair Buckley to retain Teaman for performance of professional services as described in the Scope of Work and that the Agency's Executive Director be authorized to enter into a professional service agreement with Teaman in an amount not to exceed $25,000. The motion unanimously carried by the following vote: AYES: Agency Members: Bhutta, Hickman, Melendez, Vice-Chair Buckley and Chairman Magee. Noes; None (6) Affordable Housing Loan Agreement (Lakeview Apartments) Recommendation: It is recommended that the Agency Board take the following actions: (1) Approve the Affordable Housing Loan Agreement in substantially the form provided and authorize the Executive Director to execute the final form of the Loan Agreement subject to such minor modifications as approved by Agency Counsel; and (2) Authorize the Executive Director to execute any other ancillary documents necessary to effectuate the Agency loan and affordability covenants. Agency Counsel Leibold requested to have the Redevelopment Agency approve an affordable housing loan agreement that would convert Lakeview Apartments known as Lakeview I and Lakeview II located on Riverside Drive to affordable housing. She stated an experienced affordable housing developer known as Bentall Residential L.P has proposed to acquire both phases and rehabilitate the entire project. She stated the funding from California Housing Finance Agency would occur on October 14, 2010 and construction would begin on December 2, 2010. Chairman Magee pointed out that although this project received federal funding he asked Agency Counsel Leibold if the current property owner was complying with the Federal funding responsibilities to verify legal residential status. Agency Counsel Leibold replied by saying she believes the owners are complying. Vice Chair Buckley indicated he was in support of the project; however, he was disturbed that the applicant for the project was not in attendance. He recommended continuing the item until October 12th in order to allow the applicant to be present.