HomeMy WebLinkAbout2010-10-12 RDA Agenda CITY OF LAKE ELSINORE
REDEVELOPMENT AGENCY AGENDA
ROBERT MAGEE, CHAIRMAN VWVW.LAKE- ELSINORE.ORG
THOMAS BUCKLEY, VICE - CHAIRMAN (951) 674 -3124 PHONE
AMY BHUTTA, MEMBER (951) 674 -2392 FAX
DARYL HICKMAN, MEMBER LAKE ELSINORE CULTURAL CENTER
MELISSA MELENDEZ, MEMBER 183 NORTH MAIN STREET
ROBERT BRADY, EXECUTIVE DIRECTOR LAKE ELSINORE, CA 92530
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TUESDAY, OCTOBER 12, 2010 STUDY SESSION AT 4:00 P.M.
CLOSED SESSION AT 5:00 P.M.
PUBLIC SESSION AT 7:00 P.M.
CALL TO ORDER -- 5:00 P.M.
ROLL CALL
CLOSED SESSION
(la) CONFERENCE WITH LEGAL COUNSEL -- ANTICIPATED LITIGATION
Initiation of litigation pursuant to subdivision (c) of Gov't Code Section 54956.9:
1 potential case
CALL BACK TO ORDER - 7:00 P.M.
CLOSED SESSION REPORT
ROLL CALL
PUBLIC COMMENTS — NON - AGENDIZED ITEMS —1 MINUTE
(Please read & complete a Speaker's Form at the podium, prior to the start of the City
Council Meeting.)
PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES
(Please read & complete a Speaker's Form at the Podium, prior to the Start of the City
Council Meeting. The Chairman will call on you to speak, when your item is called.)
CONSENT CALENDAR
(All matters on the Consent Calendar are approved on one motion, unless a
Boardmember or any member of the public requests separate action on a specific item.)
(2) Approval of Redevelopment Agency Minutes
Lake Elsinore Redevelopment Agency Agenda
Page 2of3
Recommendation: Approve the following minute(s):
a) Regular Meeting — September 28, 2010
b) Joint City Council /Redevelopment Agency Meeting — September 28, 2010.
(3) Warrant List Dated September 30, 2010
Recommendation: Authorize payment of Warrant List dated September 30,
2010.
PUBLIC HEARING(S)
No public hearings scheduled.
BUSINESS ITEM(S)
(4) Consideration of Resolution No. 2010 -005 RDA Authorizing the Issuance of
Bonds and Approving Bond Documents in Connection with the Issuance of the
Lake Elsinore Public Financing Authority Tax Allocation Revenue Bonds (1999
Series A Refunding), 2010 Series C, in the Aggregate Principal Amount Not To
Exceed $31,000,000; and Authorizing the Taking of Certain Other Actions
Related Thereto
Recommendation: It is recommended that the Agency Board adopt Resolution
No. 2010 -005 RDA Authorizing Issuance of bonds and Authorizing Bond
Documents.
(5) 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.
PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 3 MINUTES
EXECUTIVE DIRECTOR COMMENTS
LEGAL COUNSEL COMMENTS
BOARDMEMBER COMMENTS
Lake Elsinore Redevelopment Agency Agenda
Page 3 of 3
ADJOURNMENT
The Lake Elsinore Redevelopment Agency will adjourn to a regular meeting to be held
on Tuesday, October 28, 2010, at 5:00 p.m. to be held in the Cultural Center located at
183 N. Main Street, Lake Elsinore, CA 92530.
AFFIDAVIT OF POSTING
I, CAROL COWLEY, Agency Secretary of the City of Lake Elsinore, do hereby affirm
that a copy of the foregoing agenda was posted at City Hall, 72 hours in advance of this
meeting.
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CAROL COWLEY DATE
INTERIM AGENCY SECRETARY