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HomeMy WebLinkAbout06-23-2009 RDA Page 1 of 4 CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY MEETING MINUTES I June'23`d, 2009 Agency was held on Regular meeting of the Lake Elsinore Redevelopment Tuesday, May 26th, 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 Seumaio, 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. r PUBLIC COMMENTS - NON-AGENDIZED ITEMS -1 MINUTE f There was no one present who wished to speak regarding a non-agenized item. 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. r (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: r Adopted Resolution No. 2009-011 adopting the Redevelopment Agency Operating Budget for the Fiscal Year 2009-2010. 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 r-, Redevelopment money keeps the tax local and pays Bond debt. He also noted the City could use an economic boost and generally for the 4m of July revenue is generated for the City. Chairman 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. Passed and adopted the following Resolution: j 'Resolution No. 2009-011 - A Resolution the Redevelopment Agency of the I! I City of Lake Elsinore, California, adopting the Redevelopment Agency Operating Budget for the Fiscal Year 2009-2010." Lake Elsinore Redevelopment Agency Meeting Regular Meeting Minutes of June 23, 2009 Page 4 of 4 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 I 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. mas c Chairman of edevelopment Agency C' of Lake Elsinore Attest: Debora Thomsen, CMC = - _ - = Agency Secretary of the Red evelopment,Agency City of Lake Elsinore, Califomia l