HomeMy WebLinkAboutOversight Board AgendaCITY OF
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DREAM. EXTREME,
SPECIAL MEETING
NOTICE OF A SPECIAL MEETING
OF THE OVERSIGHT BOARD OF THE
CITY OF LAKE ELSINORE
NOTICE IS HEREBY GIVEN that a Special Meeting of the Oversight Board of the
City of Lake Elsinore will be held on Tuesday, May 26, 2015, at 3:45 p.m., at the Cultural
Center, 183 N. Main Street, Lake Elsinore, California.
FURTHER INFORMATION may be obtained by contacting the City Clerk's
Department at City Hall (951) 674 -3124 ext. 269 or by visiting the City's website at
www. Lake- Elsinore.Org
Dated: May 22, 2015
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LAKE- ELSINORE.ORG
DIUt Aib% FiXt°CiEaMF (951)674 -3124 PHONE
CULTURAL CENTER
183 N. MAIN STREET
CITY OF LAKE ELSINORE LAKE ELSINORE, CA
SPECIAL MEETING AGENDA 92530
Oversight Board
DAVE OSTER, CHAIR
GENIE KELLEY, VICE CHAIR
GEORGE LANDON, BOARD MEMBER
NANCY LASSEY, BOARD MEMBER
MICHAEL WILLIAMS, BOARD MEMBER
BRIAN TISDALE BOARD MEMBER
PHIL WILLIAMS, BOARD MEMBER
Tuesday, May 26, 2015 at 3:45 P.M.
The agenda is posted 72 hours prior to each meeting outside of the Lake Elsinore City Hall
located at 130 South Main Street and is available at each meeting. The agenda and
related reports are also available at the Lake Elsinore City Clerk's Office on the Friday prior
to the Oversight Board meeting and are available on the City's website at www.lake-
elsinore.org. Any writing distributed within 72 hours of the meeting will be made available
to the public at the time it is distributed to the Oversight Board. In compliance with the
Americans with Disabilities Act, any person with a disability who requires a modification or
accommodation in order to participate in a meeting should contact the Lake Elsinore City
Clerk's Office at (951) 674 -3124 Ext. 269, at least 48 hours before the meeting to make
reasonable arrangements to ensure accessibility.
CALL TO ORDER - 3:45 P.M.
PLEDGE OF ALLEGIANCE
ROLL CALL
PRESENTATIONS- None
PUBLIC COMMENTS — NON AGENDIZED ITEMS- 3 MINUTES
(Please read & complete a form Request to Address the Oversight Board prior
to the start of the Oversight Board meeting and submit it to the Clerk. The
Chairperson or Clerk will call on you to speak when your item is called.)
CONSENT CALENDAR
Approval of Minutes
Recommendation: It is recommended that the Oversight Board approve the
minutes of February 24, 2015.
Oversight Board Agenda Page 2 of 2
Regular Meeting of May 26, 2015
2. Investment Reports — January 2015, February 2015 & March 2015
Recommendation: That the Oversight Board receive and file the Investment Report
summaries.
3. Warrant Lists
Recommendation: That the Oversight Boar receive and file the Warrant lists.
BUSINESS ITEMS
4. Issuance and Sale of Subordinated Tax Allocation Refunding Bonds By the
Successor Agency of the Redevelopment Agency of the City Of Lake Elsinore
and Authorizing Certain Other Actions In Connection Therewith
Recommendation: It is recommended that the Oversight Board approve and adopt:
RESOLUTION NO. OB- 2015 -002 RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE APPROVING THE ISSUANCE AND SALE OF
SUBORDINATED TAX ALLOCATION REFUNDING BONDS BY THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE AND AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION
THEREWITH.
5. Exchange Agreement With Civic Partners
Recommendation: It is recommended that the Oversight Board approve and adopt:
RESOLUTION NO. OB- 2015 -003 RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE APPROVING THE EXCHANGE AGREEMENT BETWEEN
THE SUCCESSOR AGENCY AND CIVIC PARTNERS- ELSINORE, LLC
STAFF COMMENTS
BOARD MEMBER COMMENTS
ADJOURNMENT
The next regular quarterly Oversight Board meeting will be held on Tuesday, June 9, 2015,
at 3:45 p.m. at the Cultural Center located at 183 N. Main Street, Lake Elsinore, CA 92530
AFFIDAVIT OF POSTING
I, Virginia J. Bloom, the Clerk of the Oversight Board, do hereby affirm that a copy of the
foregoing agenda was posted at City Hall 72 hours in advance of this meeting
Virginia J. Bloom, Clerk of the Oversight Board