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HomeMy WebLinkAbout04-22-2011 RDAMINUTES REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CA 92530 TUESDAY, MARCH 22, 2011 CALL TO ORDER Chairwoman Melendez called the meeting to order at 9:04 p.m. ROLL CALL PRESENT: CHAIRWOMAN MELENDEZ VICE-CHAIRMAN TISDALE MEMBER BHUTTA MEMBER HICKMAN MEMBER MAGEE ABSENT: NONE Also present: Executive Director Brady, Agency Counsel Leibold, Director of Administrative Services Riley, Public Works Director/City Engineer Seumalo, Director of Lake and Aquatics Kilroy, Agency Secretary Bloom and Office Specialist Porche. CLOSED SESSION (1) Conference With Legal Counsel -Anticipated Litigation Significant exposure to litigation pursuant to subdivision (b) of Gov't Code Section 54956.9: 1 potential case CLOSED SESSION REPORT Agency Counsel Leibold announced that Item 1 was discussed during closed session and there is no reportable action. CONSENT CALENDAR (2) Approval of Minutes Recommendation: It is recommended the Redevelopment Agency approve the following minutes: Lake Elsinore Redevelopment Agency Regular Meeting Minutes of March 22, 2011 Page 2 of 4 a) Joint Study Session Meeting of February 22, 2011 b) Regular Redevelopment Agency Meeting of February 22, 2011 (3) Warrant Lists Dated March 15. 2011 Recommendation: Authorize payment of Warrant Lists dated March 15, 2011. (4) Investment Report for February 2011 Recommendation: It is recommended that the Agency receive and file. It was moved by Agency Member Magee and seconded by Agency Member Bhutta to approve Consent Calendar Items 2 through 4. The motion carried unanimously. BUSINESS ITEM(S) (5) Affordable Housing Proposals (AMCAL and Central Valley Coalition for Affordable Housing) Recommendation: It is recommended that the Redevelopment Agency direct staff to enter into a contract with Keyser Marston and Associates (KMA) to conduct a financial analysis for either one or both of the proposals listed. Alternatively, the Agency Board could elect not to conduct such analysis of either project at this time. Redevelopment Agency Analyst Carlson provided an overview of the project. City Treasurer Baldwin stated that Mr. Turner with Amcal is in the audience to address any concerns that the Agency or public may have. He stated Amcal and Bridge Housing are two excellent affordable housing developers. Mario Turner with Amcal Housing acknowledged that the City has limited affordable housing funds and they have tailored their proposal accordingly. Vice-Chair Tisdale asked if the mixed use of seniors and affordable housing is standard. Mr. Turner answered that their proposal is a phased project. Vice-Chair Tisdale requested the limit of commercial development in the vicinity of senior housing. Mr. Turner indicated that the area is favorable for a 4% bond project and is close proximity to the pharmacies and grocery stores. Vice-Chair Tisdale asked how this project would fit in with the Railroad Canyon off-ramp proposal. Executive Director Brady stated as part of the Railroad Canyon improvement, a proposal has been included for an additional off ramp at Franklin and the 1-15 Freeway and would not have any impact on the project. Lake Elsinore Redevelopment Agency Regular Meeting Minutes of March 22, 2011 LEGAL COUNSEL COMMENTS There were none. BOARD MEMBER COMMENTS There were none. ADJOURNMENT Page 4 of 4 There being no further business to come before the Agency Board, the meeting adjourned at 9:20 p.m. to a regular meeting to be held on Tuesday, April 12, 2011, at 7:00 p.m. in the Cultural Center located at 183 N. Main Street, Lake Elsinore. CA 92530. Melissa Melendez, Chairwoman Redevelopment Agency Virginia loo gency Secretary Lake Elsi ore R evelopment Agency Lake Elsinore Redevelopment Agency Regular Meeting Minutes of March 22, 2011 Page 3 of 4 Agency Member Hickman asked if the City has any low income for seniors only. Agency Counsel Leibold stated that she is not aware of any. Agency Member Hickman thanked the developer and looked forward to the project. Agency Member Magee asked what the timeframe would be to prepare the analysis. Agency Counsel Leibold estimated the timeframe at 2 to 3 weeks. It was moved by Agency Member Hickman to approve a financial gap analysis. Motion died for lack of second. It was moved by Agency Member Magee to authorize staff to enter into a contract with Keyser Marston and Associates (KMA) to analyze both proposals listed and part of the analysis to include the Franklin/1-15 off ramp. Chairwoman Melendez asked Agency Counsel Leibold if Keyser Marston and Associates would be able to research the Franklin/1-15 off ramp for commercial development. Agency Counsel Leibold stated that Keyser Marston's role is to look at the project's budget and uses of revenue. Agency Member Magee retracted his motion. It was moved by Agency Member Hickman and seconded by Agency Member Bhutta to approve a financial gap analysis. The motion carried unanimously. PUBLIC HEARING(S) No public hearings scheduled. BUSINESS ITEM(S) No business items scheduled. 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.