HomeMy WebLinkAbout11-09-2010 RDAMINUTES
REDEVELOPMENT AGENCY MEETING
CITY OF LAKE ELSINORE
183 NORTH MAIN STREET
LAKE ELSINORE, CA 92530
TUESDAY, NOVEMBER 9, 2010
CALL TO ORDER
Chairman Magee called the meeting to order at 7:36 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 Office
Specialist Porche
CLOSED SESSION
(1a) CONFERENCE WITH LEGAL COUNSEL--ANTICIPATED LITIGATION
Initiation of litigation pursuant to subdivision (c) of Gov't Code Section
54956.9: 1 potential case
CLOSED SESSION REPORT
Agency Counsel Leibold announced that Item (1a) was discussed during closed
session and there is no reportable action.
CONSENT CALENDAR
(2) Approval of Redevelopment Agency Minutes
Recommendation: Approve the following minute(s):
a) Regular Meeting -October 26, 2010
Lake Elsinore Redevelopment Agency
Regular Meeting Minutes of November 9, 2010
Page 2 of 3
b) Joint City Council/Redevelopment Agency/Public Financing Authority
Meeting - October 26, 2010.
(3) Warrant List Dated October 28. 2010
Recommendation: Authorize payment of Warrant List dated October 28
2010.
It was moved by Agency Member Melendez and seconded by Agency Member
Bhutta to approve the Consent Calendar Items No. 2 and 3. 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)
(4) Consideration of Redevelopment Agency Fiscal Year 2010-2011 First Quarter
Budget Report
Recommendation: It is recommended the Agency Board approve the First
Quarter 2010-11 Redevelopment Agency Budget Report.
Director of Administrative Services Riley provided the Agency with an overview of
the First Quarter Budget Report. He stated on June 22, 2010 the Redevelopment
Agency passed the Fiscal Year Budget for 2010-2011. He indicated this is a review
of the budget and stated overall the Redevelopment Agency budget is doing well.
He stated the Financial Team has been reviewing the budget along with the tax
increment projections and staff will have a better idea within the next month. He
pointed out that the Redevelopment Agency would need to pay $1.4 million to the
State in May 2011.
Vice-Chair Buckley asked if Proposition 22 would have any impact on the Agency.
Agency Counsel Leibold stated there may be some further evaluation, but overall the
passing of Proposition 22 wouldn't necessarily help the Agency in the context of the
upcoming obligation.
Chairman Magee stated it is important to reflect on the fact that staff and the Agency
Board had to take a huge hit with giving the State over 7 million. He stated because
of the conservative and responsible approach that the Agency has taken, the
Agency will get through this hurdle, and the taxpayers need to keep this in mind.
Lake Elsinore Redevelopment Agency
Regular Meeting Minutes of November 9, 2010
Page 3 of 3
It was moved by Agency Member Melendez and seconded by Agency Member
Bhutta to approve the First Quarter 2010-2011 Redevelopment Agency Budget
Report. 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 - 1 MINUTE
There were none.
PUBLIC COMMENTS - 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 7:42 p.m. to a regular meeting to be held on Tuesday,
November 23, 2010, at 7:00 p.m. in the Cultural Center located at 183 N. Main
Street, Lake Elsinore, CA 92530.
REDEVELOPME
ATTEST:
JoAta DANA C. PORCHE, OFFICE SPECIALIST
LAKE ELSINORE REDEVELOPMENT AGENCY