HomeMy WebLinkAbout04-12-2011 RDAMINUTES
REDEVELOPMENT AGENCY MEETING
CITY OF LAKE ELSINORE
183 NORTH MAIN STREET
LAKE ELSINORE, CA 92530
TUESDAY, APRIL 12, 2011
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CALL TO ORDER
Chairwoman Melendez called the meeting to order at 8:00 p.m.
ROLL CALL
PRESENT: Chairwoman Melendez
Vice - Chairman Tisdale
Member Bhutta
Member Magee
ABSENT: Member Hickman
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
There were none.
CONSENT CALENDAR
(2) Approval of Minutes
Recommendation: It is recommended the Redevelopment Agency approve
the following minutes:
a) Joint Study Session Meeting of March 8, 2011
b) Regular Redevelopment Agency Meeting of March 8, 2011
c) Joint Special Meeting of March 10, 2011
Lake Elsinore Redevelopment Agency Page 2 of 3
Regular Meeting Minutes of April 12, 2011
(3) Warrant Lists Dated March 31 2011
Recommendation: Authorize payment of Warrant Lists dated March 31, 2011.
It was moved by Vice - Chairman Tisdale and seconded by Agency Member Bhutta to
approve Consent Calendar Items 2 and 3. The motion carried unanimously.
PUBLIC HEARING(S)
No public hearings scheduled.
BUSINESS ITEM(S)
(4) A Resolution of the Redevelopment Agency Approving the Issuance of the
Agency's Subordinate Tax Allocation Bonds (Protect Area No ll) Series 2011
Recommendation: It is recommended that the Redevelopment Agency Adopt
Agency Resolution No. 2011 -008 A RESOLUTION OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
APPROVING THE ISSUANCE OF THE AGENCY'S SUBORDINATE TAX
ALLOCATION BONDS (PROJECT AREA NO. II) SERIES 2011 AND
SUBORDINATE TAX ALLOCATION BONDS (PROJECT AREA NO. III)
SERIES 2011 IN THE AGGREGATE PRINCIPAL AMOUNTS NOT TO
EXCEED $3,260,000 AND $1,350,000, RESPECTIVELY; APPROVING
INDENTURES; AND AUTHORIZING THE TAKING OF CERTAIN OTHER
ACTIONS RELATED THERETO.
Director of Administrative Services Riley provided an overview of the project to
Council and the Redevelopment Agency.
It was moved by Agency Member Bhutta and seconded by Vice - Chairman Tisdale to
adopt Resolution No. 2011 -008 of the Redevelopment Agency approving the
issuance of the Agency's subordinate Tax Allocation Bonds, (Project Area No. II)
Series 2011 and Subordinate Tax Allocation Bonds (Project Area No. III) Series
2011 in the aggregate principal amounts not to exceed $3,260,000 and $1,350,000,
respectively, approving indentures, and authorizing the taking of certain other
actions related thereto. The motion carried unanimously.
PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 1 MINUTE
There were none.
Lake Elsinore Redevelopment Agency
Regular Meeting Minutes of April 12, 2011
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
Page 3 of 3
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,
April 26, 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