Loading...
HomeMy WebLinkAbout2009-7-14 Report to RDA Item No. 2 CITY O F i ,,. LAKE 03 LITHO E DREAM EXTREME IlOrTM REPORT TO REDEVELOPMENT AGENCY TO: HONORABLE CHAIRMAN AND MEMBERS OF THE REDEVELOPMENT AGENCY FROM: ROBERT A. BRADY EXECUTIVE DIRECTOR DATE: JULY 14, 2009 SUBJECT: APPROVAL OF MINUTES Discussion The following Redevelopment Agency meeting minutes for the Lake Elsinore are submitted for approval: a) Redevelopment Agency Meeting Minutes from May 12, 2009, May 26, 2009, and June 23, 2009 Recommendation Approve the Minutes as submitted. Prepared b : Debora Thomsen p Y c.t Agency Secretary 1 Approved by: Robert A. Brady ' V Executive Directo RDA July 14, 2009 Item No. 2 Page 1 of 18 Page 1 of 3 CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY MEETING MINUTES May 12 2009 (not official until approved) Regular meeting of the Lake Elsinore Redevelopment Agency was held on Tuesday, May 12 2009 in the Cultural Center, located at 183 N. Main Street, Lake Elsinore, CA 92530. The meeting was called to order at 9:07 p.m. by Vice Chair Bhutta who noted all Agency members were present except for Chairman Buckley. PRESENT: Vice Chair Bhutta, Agency member Hickman, Agency member Magee, Agency member Melendez. ABSENT: Chairman Buckley. Also present: Executive Director Brady, Agency Counsel Leibold, and Agency Secretary Thomsen. Staff members present included Acting Administrative Services Director Riley, Acting Community Development Director Weiner, Public Works Director / City Engineer Seumalo, Director of Lake and Aquatics Kilroy, Parks and Recreation Director Gonzales, Police Chief Cleary, Fire Chief Hendershot, and Information / Communications Manager Dennis. CLOSED SESSION (IA) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code § 54956.8) Property: 154 North Main Street, 156 North Main Street, 158 North Main Street Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and Tenants Irma Y Leonardo Lee (154 North Main Street); and Eduardo Ramirez Mosqueda (156 North Main Street); and Paula Lopez / Super Saver, Inc (158 North Main Street) Under negotiation: Rent and terms of payment RDA July 14, 2009 Item No. 2 Page 2 of 18 Lake Elsinore Redevelopment Agency Regular Meeting Minutes of May 12 2009 Page 2of3 PUBLIC COMMENTS — NON - AGENDIZED ITEMS —1 MINUTE There was no one present who wished to speak regarding a non - agenized item. PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES There was no one present who wished to speak regarding an agenized item. CLOSED SESSION REPORT Agency Counsel Leibold stated due to the absence of Chairman Buckley the Closed Session item was cancelled. CONSENT CALENDAR (2) Approval of Redevelopment Agency Minutes Recommendation: Approved the following minute(s): (a) Regular meeting of the Redevelopment Agency — March 24, 2009 (3) Warrant List Dated April 30, 2009 Recommendation: Authorized payment of Warrant List dated April 30, 2009. MOTION was made by Agencymember Hickman, second by Agencymember Magee and unanimously carried to approve the Consent Calendar as recommended. AYES: Bhutta, Hickman, Magee, Melendez. NOES: None. ABSENT: Buckley. PUBLIC HEARING(S) None. RDA July 14, 2009 Item No. 2 Page 3 of 18 Lake Elsinore Redevelopment Agency Regular Meeting Minutes of May 12 2009 Page 3of3 BUSINESS ITEM(S) None. EXECUTIVE DIRECTOR COMMENTS None. LEGAL COUNSEL COMMENTS None. BOARDMEMBER(S) COMMENTS None. ADJOURNMENT There being no further business to come before the Redevelopment Agency (RDA) Vice Chair Bhutta adjourned the Redevelopment Agency portion of the meeting at 9:08 p.m. for the City Council to conclude their meeting. The Lake Elsinore Redevelopment Agency will adjourn to a regular meeting to be held on Tuesday, May 26, 2009, at 5:00 p.m. to be held in the Cultural Center located at 183 N. Main Street, Lake Elsinore, CA 92530. Debora Thomsen Debora Thomsen, CMC Redevelopment Agency Secretary City of Lake Elsinore, California RDA July 14, 2009 Item No. 2 Page 4 of 18 Page 1 of 10 CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY MEETING MINUTES May 26 2009 (not official until approved) Regular meeting of the Lake Elsinore Redevelopment Agency was held on Tuesday, May 26 2009 in the Cultural Center, located at 183 N. Main Street, Lake Elsinore, CA 92530. The meeting was called to order at 7:37 p.m. by Chairman Buckley who noted all Agency members were present. PRESENT: Chairman Buckley, Vice Chair Bhutta, Agency member Hickman, Agency member Magee, Agency member Melendez. ABSENT: None. Also present: Executive Director Brady, Agency Counsel Mann, and Agency Secretary Thomsen. Staff members present included Acting Administrative Services Director Riley, Acting Community Development Director Weiner, Public Works Director / City Engineer Seumalo, Director of Lake and Aquatics Kilroy, Parks and Recreation Director Gonzales, Police Chief Cleary, Fire Chief Hendershot, and Information / Communications Manager Dennis. CLOSED SESSION (1) CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Gov't Code §54956.8) Property: APN 374 - 072 -028, 374 - 072 -030, 374 - 072 -032, 374 - 072 -034, 374 - 072 -036; 374 - 072 -018, 374 - 072 -020, 374 - 072 -022; 374 -071 -003, 374 - 071 -004, 374 - 071 -005, 374 - 071 -006, 374 - 071 -007, 374 -071 -008, 374 - 071 -009, 374 - 071 -010, 374 - 071 -011, 374 - 071 -012, 374 -071 -013, 374 - 071 -014, 374 - 071 -027, 374 - 071 -027; 374 - 072 -026 Agency Negotiator: Executive Director Brady Negotiating parties: Lake Elsinore Redevelopment Agency and Pottery Court Housing Associates, LP Under negotiation: Price and terms of payment RDA July 14, 2009 Item No. 2 Page 5 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 2 of 10 CALL BACK TO ORDER - 7:00 P.M. ROLL CALL Chairman Buckley stated Roll -Call will stand as previously called. CLOSED SESSION REPORT Deputy City Attorney Mann gave an overview of the Closed Session item and stated there was no reportable action. PUBLIC COMMENTS — NON - AGENDIZED ITEMS —1 MINUTE There was no one present who wished to speak regarding a non - agenized item. PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES There was no one present who wished to speak regarding an agenized item. CONSENT CALENDAR (2) Approval of Redevelopment Agency Minutes Recommendation: Approved the following minute(s): Regular meeting of the Redevelopment Agency — April 28, 2009 (3) Warrant List Dated May 14, 2009 Recommendation: Authorized payment of Warrant List dated May 14, 2009. (4) Investment Report — April 2009 Recommendation: Received and filed. MOTION was made by Agencymember Magee, second by Agencymember Hickman and unanimously carried to adopt the Consent Calendar as recommended. RDA July 14, 2009 Item No. 2 Page 6 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 3 of 10 AYES: Bhutta, Buckley, Hickman, Magee, Melendez. NOES: None. JOINT PUBLIC HEARING Notice of the Joint Public Hearing has been duly given and affidavits of compliance are on file in the Agency Secretary's office. No written communication has been received by the Agency Secretary's office. CHAIRMAN BUCKLEY: Chairman Buckley stated this is a Joint Public Hearing, for the purpose of discussion and public comment. Chairman Buckley clarified the Redevelopment Agency and the City Council will determine independently if they choose to approve this item, the proposed Disposition and Development Agreement (DDA) with Pottery Court Housing Associates, L.P. and acceptance of the 33433 Summary Report. Roll Call of Council Members / Agency Members CHAIRMAN BUCKLEY: Roll will stand as previously called stating "all City Council and Agency Members are present." I will now open the Joint Public Hearing at 7:39 p.m. Executive Director Brady, please proceed with the staff report. EXECUTIVE DIRECTOR BRADY: Executive Director Brady introduced the project known as "Pottery Court" and then introduced Redevelopment Project Manager Steve McCarty to provide further details of the project. REDEVELOPMENT PROJECT MANAGER MCCARTY: RDA Manager McCarty gave an overview of the project stating in 2008 the Agency Board selected BRIDGE Housing Corporation (BRIDGE) as an affordable housing partner. He gave a brief history of the project stating now the Pottery Court is an affordable housing site of 4.3 acres. Originally it was RDA July 14, 2009 Item No. 2 Page 7 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 4 of 10 anticipated 88 units could be built, but with the acquisition of additional land the project can now offer 111 units. Manager McCarty further stated the current estimate is $3,275,642.57 and the Agency will provide "seller financing" for the Purchase Price and provide funds for predevelopment and project costs. Total Agency financing is $4,061,000. He went on to state in 2008 the Agency committed up to $4,039,000 from available funds from the Agency's Low and Moderate Income Housing Funds with the intent to build 90 units. The Agency now requires $22,000 additional authorization from funds in the Agency's Low and Moderate Income Housing Fund. CHAIRMAN BUCKLEY: Are there any questions by members of the City Council or the Agency? None. Before we proceed with public comments, has the Agency Secretary, staff or fellow City Council / Agency Board members received any written correspondence on this item? If so, let's enter those into the record now. If not, we will now hear testimony from those present concerning the proposed DDA and Summary Report. The Agency Secretary responded she had not, nor had anyone else. PUBLIC COMMENTS: Dick Knapp stated he had just spent an hour going over all of the actuals, and questioned the dollar figure of approximately $6,000,000. stating he determines each house will cost $237,000 and noted the families are being over charged. He stated they could purchase a nice house in today's economy for this type of money. Mr. Knapp declared the numbers provided, did not add up and stated the Council and the Redevelopment Agency was involved in RICO. Project Manager McCarty responded justifying the numbers. The Project Manager from BRIDGE stepped to the podium at the request of Chairman Buckley to also respond. Betsy Wilson from Bridge Housing came forward to address Mr. Knapp's concerns. She stated the cost per unit also includes the purchase of the land. She gave further detail of expenses: She stated her company has a national reputation which has been built over 25 years. They are a non - profit company, and along with the RDA, they have 3rd party audits, which is a requirement of the financing. She stated the hard cost for construction to build each unit is approximately $100,000 and gave the breakdown due to applications, fees and permits. RDA July 14, 2009 Item No. 2 Page 8 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 5 of 10 Agencymember Magee requested Chairman Buckley have Agency Counsel address Mr. Knapp's allegation of RICO involvement, Chairman Buckley concurred and made the request. Agency Counsel Mann stated all of the proceedings regarding this project have taken place openly and publicly or in Closed Session authorized by the Brown Act. He stated RICO implies corruption and there is nothing illegal going on. He noted all of the information is public and has been available for inspection for several weeks and invited anyone to view these documents if they had any questions. The Disposition and Development Agreement and the Economic Report have been available for review and support the numbers. Agencymember Hickman questioned RDA Manager McCarty asking how much money the RDA is actually putting into the project. Manager McCarty responded, stating only $4,061,000 at 3% simple interest, noting only 15 percent of the total project cost is coming from RDA funds. He also stated the Agency's subsidy is approximately $36,585 per unit. Executive Director Brady stated the $4,061,000 is included in the $6 million referenced by Mr. Knapp. Treasurer Baldwin stepped forward and stated during times in his career he has worked with BRIDGE Housing because of their reputation; they are the best affordable housing developer in the market and truly provide quality. CHAIRMAN BUCKLEY: Anyone who did not complete a form would like to speak in favor of the item? None. Anyone who wishes to speak in opposition to the item? None. Anyone who wishes to address the matter at all? None. Seeing no one else who wishes to speak, I will close the Joint Public Hearing at 7:53 p.m. Are there any final questions by members of the City Council or the Agency? None. If there are no further questions, I will turn the meeting over to the Mayor for consideration by the City Council of the proposed Resolution. RDA July 14, 2009 Item No. 2 Page 9 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 6 of 10 THE FOLLOWING ITEMS ARE BEFORE THE AGENCY AND CITY COUNCIL AS SPECIFIED: (5) REDEVELOPMENT AGENCY ITEM: Disposition and Development Agreement with Pottery Court Housing Associates, L.P. and Acceptance of 33433 Summary Report Recommendation: Approved Resolution No. 2009 -09, Resolution of the Redevelopment Agency of the City of Lake Elsinore Approving that Certain Disposition and Development Agreement by and between the Redevelopment Agency of the City of Lake Elsinore and Pottery Court Housing Associates, L.P. (11) CITY COUNCIL ITEM: Disposition and Development Agreement with Pottery Court Housing Associates, L.P. and Acceptance of 33433 Summary Report ITEM DEFERRED BY THE CITY COUNCIL TO THIS JOINT PUBLIC HEARING SESSION WITH THE REDEVELOPMENT AGENCY Recommendation: Approved Resolution No. 2009 -026 of the City Council of the City of Lake Elsinore, California, approving the sale of Real Property by the Redevelopment Agency of the City of Lake Elsinore Pursuant to Certain Disposition and Development Agreement by and between the Redevelopment Agency of the City of Lake Elsinore and Pottery Court Housing Associates, L.P. CITY COUNCIL ACTION ITEM: Mayor Magee stated the City Council was now in session and will consider and act on the matter before it: MOTION was made by Councilmember Bhutta, second by Councilmember Buckley and unanimously carried to adopt Resolution No. 2009 -026 approving the sale of Real Property by the Redevelopment Agency of the City of Lake Elsinore Pursuant to Certain Disposition and Development Agreement by and between the Redevelopment Agency of the City of Lake Elsinore and Pottery Court Housing Associates, L.P. RDA July 14, 2009 Item No. 2 Page 10 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 7 of 10 AYES: Bhutta, Buckley, Hickman, Magee, Melendez. NOES: None. Passed and approved the following Resolution: "Resolution No. 2009 -026 of the City Council of the City of Lake Elsinore, California, approving the sale of Real Property by the Redevelopment Agency of the City of Lake Elsinore Pursuant to Certain Disposition and Development Agreement by and between the Redevelopment Agency of the City of Lake Elsinore and Pottery Court Housing Associates, L.P." Mayor Magee concluded the City Council Item No. 11 and turned the proceedings back to Agency Chairman Buckley at 7:52 p.m. to conclude the Agency portion of the meeting. AGENCY ACTION ITEM: Chairman Buckley stated the Redevelopment Agency was now in session at 7:52 p.m. and will consider and act on the matter before it, Redevelopment Agency Item No. 5: Resolution No. 2009 -09, Resolution of the Redevelopment Agency of the City of Lake Elsinore Approving that Certain Disposition and Development Agreement by and between the Redevelopment Agency of the City of Lake Elsinore and Pottery Court Housing Associates, L.P. MOTION was made by Vice Chair Bhutta second by Agencymember Hickman and unanimously carried to adopt Resolution No. 2009 -09, Resolution of the Redevelopment Agency of the City of Lake Elsinore Approving that Certain Disposition and Development Agreement by and between the Redevelopment Agency of the City of Lake Elsinore and Pottery Court Housing Associates, L.P. AYES: Bhutta, Buckley, Hickman, Magee, Melendez. NOES: None. RDA July 14, 2009 Item No. 2 Page 11 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 8 of 10 Regarding the Joint Public Hearing, Resolutions were approved by both the City Council and the Redevelopment Agency to approve the Disposition and Development Agreement with Pottery Court Housing Associates, L.P. and acceptance of 33433 Summary Report. CHAIRMAN BUCKLEY: Closed the Joint Public Hearing section of the Agenda at 7:53 p.m. BUSINESS ITEM(S) (6) Agency Acquisition of City Real Property for Pottery Court Affordable Housing Project APPROVED Recommendation: (1) Approved Resolution No. 2009 -10 Resolution of the Redevelopment Agency of the City of Lake Elsinore, California, Approving the Acquisition of Certain Real Property from the City of Lake Elsinore, California. (2) Authorized the Executive Director to execute the Certificate of Acceptance any other ancillary documents necessary to effectuate the transfer of the City -owned Real Property to the Agency. Executive Director stated this was also a Joint Item, earlier in the meeting the City Council took action to sell the property to the Agency, and now the Agency needed to vote to purchase the property and to process the appropriate documents. MOTION was made by Agencymember Magee, second by Agencymember Bhutta and unanimously carried to adopt Resolution No. 2009 -10 approving the acquisition of certain Real Property from the City of Lake Elsinore, California, and to authorize the Executive Director to execute the Certificate of Acceptance and any other ancillary documents necessary to effectuate the transfer of the City -owned Real Property to the Agency. AYES: Bhutta, Buckley, Hickman, Magee, Melendez. NOES: None. RDA July 14, 2009 Item No. 2 Page 12 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 9 of 10 (7) Fiscal Year 2008 -09 Third Quarter Budget Report APPROVED Recommendation: Approved the revenue and expenditure budget adjustments proposed for Third - Quarter Fiscal Year 2008 -2009. Acting Administrative Services Director Riley gave an overview of the item, stating the Report reflects a reduction in tax increment due to the reappraisal of property values in all areas, which is the primary contributor to the $3.5 million decrease in revenue. Agencymember Hickman questioned if the drop of revenue is due to the loss of property taxes. Mr. Riley stated the values of property taxes have declined; residents are having their home's value reassessed which means a reduction in property taxes for them to pay, resulting in less revenue to the cities. MOTION was made by Agencymember Hickman second by Agencymember Bhutta and unanimously carried to approve the revenue and expenditure budget adjustments proposed for Third - Quarter Fiscal Year 2008 -2009. AYES: Bhutta, Buckley, Hickman, Magee, Melendez. NOES: None. PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 3 MINUTES None. EXECUTIVE DIRECTOR COMMENTS None. BOARDMEMBER(S) COMMENTS None. RDA July 14, 2009 Item No. 2 Page 13 of 18 Lake Elsinore Redevelopment Agency Agenda Regular Meeting of May 26, 2009 Page 10 of 10 ADJOURNMENT There being no further business to come before the Redevelopment Agency (RDA) Chairman Buckley adjourned the Redevelopment Agency portion of the meeting at 7:54 p.m. for the City Council to conclude their meeting. Mayor Magee reconvened the City Council portion of the Joint Public Hearing at 7:54 p.m. and proceeded with the rest of the City Council Meeting. The next regular meeting of the Redevelopment Agency of the City of Lake Elsinore is scheduled for Tuesday, June 9 2009, at 5:00 p.m. for Closed Session items in the Cultural Center located at 183 N. Main Street, Lake Elsinore, CA 92530 followed by the Regular meeting at 7:00 p.m. Debora Thomsen Debora Thomsen, CMC Redevelopment Agency Secretary City of Lake Elsinore, California RDA July 14, 2009 Item No. 2 Page 14 of 18 Page 1 of 4 CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY MEETING MINUTES June 23 2009 (not official until approved) Regular meeting of the Lake Elsinore Redevelopment Agency was held on Tuesday, May 26 2009 in the Cultural Center, located at 183 N. Main Street, Lake Elsinore, CA 92530. The meeting was called to order at 9:01 p.m. by Chairman Buckley who noted all Agency members were present. PRESENT: Chairman Buckley, Vice Chair Bhutta, Agency member Hickman, Agency member Magee, Agency member Melendez. ABSENT: None. Also present: Executive Director Brady, Agency Counsel Liebold, and Agency Secretary Thomsen. Staff members present included Acting Administrative Services Director Riley, Acting Community Development Director Weiner, Public Works Director / City Engineer Seumalo, Director of Lake and Aquatics Kilroy, Parks and Recreation Director Gonzales, Police Chief Cleary, Fire Chief Hendershot, and Information / Communications Manager Dennis. 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 City Attorney Leibold gave an overview of the Closed Session stating there was not reportable action. PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 1 MINUTE There was no one present who wished to speak regarding a non - agenized item. RDA July 14, 2009 Item No. 2 Page 15 of 18 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of June 23, 2009 Page 2 of 4 PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES There was no one present who wished to speak regarding an agenized item. CONSENT CALENDAR (2) Approval of Redevelopment Agency Minutes Recommendation: Approved the following minute(s): Redevelopment Agency / City Council / Planning Commission / Public Safety Advisory Commission SPECIAL Joint Study Session Meeting Minutes — May 6, 2009. (3) Warrant List Dated June 15, 2009 Recommendation: Authorized payment of Warrant List dated June 15, 2009. (4) Investment Report — May 2009 Recommendation: Received and filed. MOTION was made by Vice Chair Bhutta, second by Agencymember Melendez and unanimously carried to adopt the Consent Calendar as recommended. AYES: Bhutta, Buckley, Hickman, Magee, Melendez. NOES: None. PUBLIC HEARING(S) None. BUSINESS ITEM(S) (5) Budget Adoption (RDA) Recommendation: Adopted Resolution No. 2009 -011 adopting the Redevelopment Agency Operating Budget for the Fiscal Year 2009 -2010. RDA July 14, 2009 Item No. 2 Page 16 of 18 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of June 23, 2009 Page 3 of 4 Acting Administrative Services Director Riley gave an overview of the Redevelopment Agency (RDA) revenues and expenditures stating the format of the report was revised. He noted State Proposition No. 8 which is related to State Proposition No. 13, allows property taxes to be readjusted in times of economic downturn. He noted that this was the main reason revenues had dropped 16 percent in tax increment revenue during Fiscal Year 2008 -2009. He clarified the $4 million which is set aside for the Pottery Court project, should it be approved, is not an impact to the RDA budget. Funding for Pottery Court if needed, will come out of the Low and Moderate Housing Fund, not the RDA General Fund. Agencymember Hickman questioned Page 3 of 17 regarding the revenues and expenditures, confirming the revenue is $20 million and the expenses are $19 million, leaving only $1 million to be set aside. Mr. Riley confirmed this. Councilmember Hickman then asked if there was any way to slow the expenses down. Mr. Riley responded, there may be left -over funds from projects when they are completed that could be set aside, noting $2.1 million is currently budgeted for these projects. Chairman Buckley gave an overview of the RDA balances, and stated Redevelopment money keeps the tax local and pays Bond debt. He also noted the City could use an economic boost and generally for the 4 of July revenue is generated for the City. Chariman Buckley offered to pay $15,000. for the fireworks out of the RDA budget. He estimated by the end of this new Fiscal Year, the estimated revenue would be $23 million. MOTION was made by Agencymember Magee, second by Agencymember Melendez to approve the Operating Budget as recommended. Chairman Buckley offered a substitute Motion to approve the Operating Budget and include the expense of $15,000. to pay for fireworks. The Motion failed for a lack of a second. MOTION was made by Agencymember Magee, second by Agencymember Melendez and unanimously carried to adopt the Redevelopment Agency Operating Budget for the Fiscal Year 2009 -2010 as recommended. AYES: Bhutta, Buckley, Hickman, Magee, Melendez. NOES: None. RDA July 14, 2009 Item No. 2 Page 17 of 18 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of June 23, 2009 Page 4 of 4 Passed and adopted the following Resolution: "Resolution No. 2009 -011 — A Resolution the Redevelopment Agency of the City of Lake Elsinore, California, adopting the Redevelopment Agency Operating Budget for the Fiscal Year 2009 - 2010." PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 3 MINUTES There was no one present who wished to speak regarding a non - agenized item. EXECUTIVE DIRECTOR COMMENTS None. LEGAL COUNSEL COMMENTS None. BOARDMEMBER(S) COMMENTS None. ADJOURNMENT There being no further business to come before the Redevelopment Agency (RDA) Chairman Buckley adjourned the Redevelopment Agency portion of the meeting at 9:09 p.m. for the City Council to conclude their meeting. Mayor Magee reconvened the City Council portion of the Joint Public Hearing at 9:09 p.m. and proceeded with the rest of the City Council Meeting. The next regular meeting of the Redevelopment Agency of the City of Lake Elsinore is scheduled for Tuesday, July 14 2009, at 5:00 p.m. for Closed Session items in the Cultural Center located at 183 N. Main Street, Lake Elsinore, CA 92530 followed by the Regular meeting at 7:00 p.m. Debora Thomsen Debora Thomsen, CMC Redevelopment Agency Secretary City of Lake Elsinore, California RDA July 14, 2009 Item No. 2 Page 18 of 18