HomeMy WebLinkAboutItem #1OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE
TO: CHAIRMAN WILLIAMS AND
MEMBERS OF THE OVERSIGHT BOARD
FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL
DATE: SEPTEMBER 24, 2013
SUBJECT: APPROVAL OF MINUTE(S)
Recommendation
It is recommended that the Oversight Board approve the minutes of:
a. Oversight Board Regular Meeting June 25, 2013
Discussion
The following Oversight Board Meeting Minute(s) are submitted for approval:
a. Oversight Board Regular Meeting June 25, 2013
Prepared by: Virginia Bloom
City Clerk /Oversight Board Secretary
AGENDA ITEM 1 Page 1
REGULAR MEETING
OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY
OF THE CITY OF LAKE ELSINORE
130 South Main Street, Lake Elsinore, CA 92530
MINUTES
June 25, 2013
CALL TO ORDER
Chairman Williams called the meeting to order at 3:47 p.m.
PLEDGE OF ALLEGIANCE
Vice -Chair Oster led the pledge of allegiance.
ROLL CALL
PRESENT: Phil Williams, Chairman
Dave Oster, Vice -Chair
Genie Kelley, Board Member
Nancy Lassey, Board Member
Brian Tisdale, Board Member
George Landon, Board Member
Roger Schultz, Board Member
ABSENT: None
Also present: Board Counsel Phillip Greer, City Attorney Barbara Leibold, City Manager
Grant Yates, Clerk of the Board Virginia Bloom, and Director of Administrative Services
James Riley.
PUBLIC COMMENTS — AGENDIZED ITEMS
None
PRESENTATIONS
None
CONSENT CALENDAR
1. Approval of Minutes
Recommendation: It is recommended that the Oversight Board approve the minutes
of:
a. Oversight Board Regular Meeting of May 28, 2013.
June 25, 2013 Minutes
Oversight Board Regular Meeting
Update on Successor Agency Activities
a. Investment Reports
b. Warrant Lists
Recommendation:
It is
recommended that the
Oversight Board receive and file the
Investment Reports
and
Warrant Lists.
City Attorney Leibold announced that the Warrant list dated May 161h was being pulled from
the Consent Agenda and will be brought back to the Board for approval at a later date.
Motion by Board Member Schultz, seconded by Board Member Tisdale to approve the
remainder of Consent Item Nos. 1 and 2; passed by unanimous vote.
BUSINESS ITEMS
3. First Amendment to Consolidated Amended and Restated Reimbursement
Agreement (LERA Bonds)
Recommendation: It is recommended that the Oversight Board adopt Resolution No.
OB- 2013 -006 approving the First Amendment to Consolidated Amended and
Restated Reimbursement Agreement (LERA Bonds).
City Attorney Leibold presented the report to the Oversight Board and stating that this
obligation is identified on line 18 of the approved ROPS. She advised that the LERA bonds
variable rate letter of credit was being called by Union Bank. Board Counsel Greer
commented on the historical representation made in the staff report.
Motion by Board Member Tisdale, seconded by Board Member Kelley to adopt Resolution
No. OB- 2013 -006 passed by unanimous vote.
4. Cancellation of July 9 2013 Regular Meeting
Recommendations: It is recommended that the Oversight Board cancel its regularly
scheduled meeting of July 9, 2013.
Motion by Board Member Kelley, seconded by Vice -Chair Oster to cancel the July 19, 2013
meeting passed by unanimous vote.
PUBLIC COMMENTS — NON - AGENDIZED ITEMS
►I=31
STAFF COMMENTS
City Attorney Leibold stated that the Successor Agency of the Redevelopment Agency of
the City of Lake Elsinore is in great shape and that staff is now starting on the property
disposition and management plan.
June 25, 2013 Minutes
Oversight Board Regular Meeting
Chairman Williams asked if the State would approve the empty lot across the street from
the City's Cultural Center for City use; and if the Oversight Board would be having a Joint
Workshop with the City's Successor Agency to discuss the property management plan.
City Manager Yates advised that staff would be preparing the property management plan
and would present the same to the Successor Agency prior to bringing it to the Oversight
Board.
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Board Member Schultz
announced
that his alternate, Beth Gomez, is no longer
with his
agency therefore she will
no longer
be serving as his alternate.
ADJOURNMENT
There being no further
business to
come before the Oversight Board, Chairman
Williams
adjourned the meeting
at 4:10 p.m. to the next regularly scheduled meeting of
July 23,
2013 at 3:45 p.m. to be
held at City
Hall, Conference Room A located at 130 S. Main
Street
in Lake Elsinore, CA,
Phil Williams, Chairman
ATTEST:
Virginia Bloom, Clerk of the Oversight Board