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Home My WebLink About2009-11-24 RDA Item No. 2 LADE LS I NOU DREAM EXTREME `!N REPORT TO THE REDEVELOPMENT AGENCY TO: HONORABLE CHAIRMAN AND MEMBERS OF THE REDEVELOPMENT AGENCY FROM: ROBERT A. BRADY EXECUTIVE DIRECTOR DATE: NOVEMBER 24, 2009 SUBJECT: APPROVAL OF MINUTES Discussion The following Redevelopment Agency Minutes are submitted for approval as follows: (a) Redevelopment Agency Regular Meeting October 27, 2009 (b) Redevelopment Agency Regular Meeting November 10, 2009 Recommendation Approve the Minutes as submitted. Prepared by: Debora Thomsen City Clerk Approved by: Robert A. Brady 1 l 0 Executive Director ,41 RDA November 24, 2009 Item No. 2 Page 1 of 11 Page 1 of 5 CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY MEETING MINUTES October 27 2009 CALL TO ORDER Vice Chair Bhutta called the regular meeting of the Lake Elsinore City Council held on Tuesday, October 27 2009 to order at 5:00 p.m. in the Cultural Center, located at 183 N. Main Street, Lake Elsinore, CA 92530. 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 Community Development Director Weiner, Public Works Director / City Engineer Seumalo, Director of Lake and Aquatics and Interim Parks and Recreation Director Kilroy, and Police Chief Cleary. 5:00 P.M. CONVENE THE MEETING There was no one who wished to speak regarding the Closed Session items. CALL TO ORDER - 5:00 P.M. City Attorney / Agency Counsel Liebold gave an overview of the Closed Session items for both the City Council and the Redevelopment Agency. RECESS TO CLOSED SESSION Mayor Magee / Agency Member adjourned the meetings to Closed Session at 5:00 p.m. RDA November 24, 2009 Item No. 2 Page 2 of 11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of October 27, 2009 Page 2 of 5 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 2) CONFERENCE WITH LEGAL COUNSEL -- ANTICIPATED LITIGATION Initiation of litigation pursuant to subdivision (c) of Gov't Code Section 54956.9: 2 cases CALL BACK TO ORDER - 7:00 P.M. The meeting was called to order at 8:25 p.m. by Vice Chair Bhutta who noted all Agency members except Chairman Buckley were present. ROLL CALL Roll call stood as previously read. CLOSED SESSION REPORT Agency Counsel Leibold gave an overview of the Closed Session items and noted there was no reportable action. PUBLIC COMMENTS — NON - AGENDIZED ITEMS —1 MINUTE None. PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES None. RDA November 24, 2009 Item No. 2 Page 3 of 11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of October 27, 2009 Page 3 of 5 CONSENT CALENDAR (2) Approval of Redevelopment Agency Minutes Recommendation: Approved the following minute(s): (a) Joint Study Session City Council / Redevelopment Agency September 22, 2009 (b) Redevelopment Agency Regular Meeting October 13, 2009 (3) Warrant List Dated October 15, 2009 Recommendation: Authorized payment of Warrant List dated October 15, 2009. (4) Investment Report — September 2009 Recommendation: Received and filed. MOTION was made by Agency member Magee, second by Agency member Hickman and unanimously carried to adopt the Consent Calendar as recommended. AYES: Bhutta, Hickman, Magee, Melendez. NOES: Buckley. PUBLIC HEARING(S) None. BUSINESS ITEM] None. RDA November 24, 2009 Item No. 2 Page 4 of 11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of October 27, 2009 Page 4 of 5 PUBLIC COMMENTS — NON - AGENDIZED ITEMS — 3 MINUTES None. EXECUTIVE DIRECTOR COMMENTS None. LEGAL COUNSEL COMMENTS None. BOARDMEMBER(S) COMMENTS None. PUBLIC HEARING(S) None. BUSINESS ITEM None. PUBLIC COMMENTS - NON - AGENDIZED ITEMS — 3 MINUTES None. RDA November 24, 2009 Item No. 2 Page 5 of 11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of October 27, 2009 Page 5 of 5 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 8:26 p.m. for the City Council to conclude their meeting. Mayor Magee reconvened the City Council meeting at 8:26 p.m. and proceeded with the rest of the City Council Meeting. The Lake Elsinore Redevelopment Agency will adjourn to a regular meeting to be held on Tuesday, November 10, 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 November 24, 2009 Item No. 2 Page 6 of 11 Page 1 of 5 CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY MEETING MINUTES November 10 2009 CALL TO ORDER Vice Chair Bhutta called the regular meeting of the Lake Elsinore City Council held on Tuesday, November 10 2009 to order at 5:00 p.m. in the Cultural Center, located at 183 N. Main Street, Lake Elsinore, CA 92530. PRESENT: Chairman Buckley, Vice Chair Bhutta, Agency member Hickman, Agency member Magee, Agency member Melendez. ABSENT: None. Also present: Executive Director Brady, Agency Counsel Leibold, and Agency Secretary Thomsen. Staff members present included Acting Community Development Director Weiner, Public Works Director / City Engineer Seumalo, Director of Lake and Aquatics and Interim Parks and Recreation Director Kilroy, and Police Chief Cleary. 5:00 P.M. CONVENE THE MEETING There was no one who wished to speak regarding the Closed Session items. CALL TO ORDER - 5:00 P.M. City Attorney / Agency Counsel Liebold gave an overview of the Closed Session items for both the City Council and the Redevelopment Agency. RECESS TO CLOSED SESSION Mayor Magee / Agency Member adjourned the meetings to Closed Session at 5:00 p.m. RDA November 24, 2009 Item No. 2 Page 7of11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of November 10, 2009 Page 2 of 5 CLOSED SESSION 1) CONFERENCE WITH LEGAL COUNSEL -- ANTICIPATED LITIGATION Initiation of litigation pursuant to subdivision (c) of Gov't Code Section 54956.9: 1 case CALL BACK TO ORDER - 7:00 P.M. The meeting was called to order at 7:59 p.m. by Chairman Buckley who noted all Agency members were present. ROLL CALL Roll call stood as previously read. CLOSED SESSION REPORT Agency Counsel Leibold gave an overview of the Closed Session items and noted there was no reportable action. PUBLIC COMMENTS — NON - AGENDIZED ITEMS —1 MINUTE None. PUBLIC COMMENTS — AGENDIZED ITEMS — 3 MINUTES None. CONSENT CALENDAR (2) Warrant List Dated October 29, 2009 Recommendation: Authorized payment of Warrant List dated October 29, 2009. RDA November 24, 2009 Item No. 2 Page 8 of 11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of November 10, 2009 Page 3 of 5 (3) Amendment to Professional Service Agreement with Francisco & Associates Recommendation: Agency Board approved the First Amendment to the Agreement with Francisco & Associates for Professional Services and authorized the Executive Director to execute the Amendment in such final form as approved by Agency Counsel. MOTION was made by Agency member Magee, second by Agency member Hickman and unanimously carried to adopt the Consent Calendar as recommended. AYES: Buckley, Bhutta, Hickman, Magee, Melendez. NOES: None. PUBLIC HEARING(S) None. BUSINESS ITEM (4) A Resolution of the Redevelopment Agency of the City of Lake Elsinore Approving the Issuance of Lake Elsinore Public Financing Authority Tax Allocation Revenue Bonds (1999 Series C Refunding), 2009 Series A, in the Aggregate Principal Amount not to Exceed $ 16,000,000; Approving a Bond Purchase Contract, Loan Agreements, a Continuing Disclosure Agreement and a Preliminary Official Statement; and Authorizing the taking of Certain other Actions Related Thereto Recommendation: The Redevelopment Agency approved Resolution No. 2009 -015 and executed the necessary documents to issue bonds in an amount not to exceed $ 16 million to refinance the Authority's 1999C Bonds. Chairman Buckley stated the purpose of the Redevelopment Agency was to concur with the approval of the City Council and adopt a Resolution approving the issuance of Lake Elsinore Public Financing Authority Tax Allocation Revenue Bonds (1999 Series C Refunding), 2009 Series A. RDA November 24, 2009 Item No. 2 Page 9of11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of November 10, 2009 Page 4 of 5 REDEVELOPMENT AGENCY RESOLUTION NO. 2009 -015 A Resolution of The Redevelopment Agency of The City of Lake Elsinore approving the issuance of Lake Elsinore Public Financing Authority Tax Allocation Revenue Bonds (1999 Series C Refunding), 2009 Series A, in the Aggregate Principal Amount Not to Exceed $16,000,000; approving a Bond Purchase Contract, Loan Agreements, a Continuing Disclosure Agreement and a Preliminary Official Statement; and authorizing the taking of certain other actions related thereto MOTION was made by Agency member Hickman, second by Vice Chair Bhutta and unanimously carried to Approving the Issuance of Lake Elsinore Public Financing Authority Tax Allocation Revenue Bonds (1999 Series C Refunding), 2009 Series A, in the Aggregate Principal Amount not to Exceed $ 16,000,000; Approving a Bond Purchase Contract, Loan Agreements, a Continuing Disclosure Agreement and a Preliminary Official Statement; and Authorizing the taking of Certain other Actions Related Thereto as recommended. AYES: Buckley, Bhutta, Hickman, Magee, Melendez. NOES: None. PUBLIC COMMENTS - NON - AGENDIZED ITEMS — 3 MINUTES None. EXECUTIVE DIRECTOR COMMENTS None. LEGAL COUNSEL COMMENTS None. BOARDMEMBER(S) COMMENTS None. RDA November 24, 2009 Item No. 2 Page 10 of 11 Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of November 10, 2009 Page 5 of 5 ADJOURNMENT There being no further business to come before the Redevelopment Agency (RDA) Chairman Buckley adjourned the Redevelopment Agency portion of the meeting at 8:00 p.m. for the Public Finance Authority to conduct their meeting. Chairman Hickman convened the Public Finance Authority meeting at 8:00 p.m. and proceeded with the rest of the City Council Meeting. The Redevelopment Agency of the City of Lake Elsinore will adjourn to a regular meeting to be held on Tuesday, November 24, 2009, at 5:00 p.m. 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 November 24, 2009 Item No. 2 Page 11 of 11