HomeMy WebLinkAboutID# 16-036 Approval of Minutes September 22, 2015OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE
TO: CHAIRPERSON KELLEY AND
MEMBERS OF THE OVERSIGHT BOARD
FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL
DATE: JANUARY 27, 2016
SUBJECT: Approval of Minutes
Recommendation
It is recommended that the Oversight Board approve the minutes of:
a. Oversight Board Special Meeting September 22, 2015
Discussion
The following Oversight Board Meeting Minute(s) are submitted for approval:
a. Oversight Board Special Meeting September 22, 2015
Prepared by: Barbara Leibold, Successor Agency Counsel
Attachment: September 22, 2015 Minutes
Tuesday, September 22, 2015
3:45 PM
City of Lake Elsinore
LAKE-ELSINORE.ORG
(951) 674-3124 PHONE
CULTURAL CENTER
183 N. MAIN STREET
LAKE ELSINORE, CA 92530
Cultural Center
Oversight Board
Meeting Minutes
September 22, 2015Oversight Board Meeting Minutes
CALL TO ORDER - 3:45 P.M.
Chair Oster called the meeting to order at 3:47 p.m.
PLEDGE OF ALLEGIANCE
Vice Chair Kelley led the Pledge of Alligence.
ROLL CALL
PRESENT: Dave Oster, Chair
Genie Kelley, Vice Chair
George Landon, Board Member
Nancy Lassey, Board Member
Michael Williams, Board Member
ABSENT: Brian Tisdale, Board Member
Phil Williams, Board Member
Also present: Successor Agency Counsel Leibold, Administrative Services Director Simpson,
and Acting City Clerk Girón
PUBLIC COMMENTS
There were no members of the public appearing to speak.
CONSENT CALENDAR ITEM(S)
1)Approval of Minutes
It is recommended that the Oversight Board approve the minutes of:
Oversight Board Special Meeting May 26, 2015
2)Investment Report - April 2015 & May 2015
It is recommended that the Oversight Board receive and file the April and May
2015 Investment Report Summaries.
3)Warrant Lists
It is recommended that the Oversight Board receive and file the attached May,
June, July and August 2015 Warrant lists.
It was moved by Member Williams, second by Vice-Chair Kelley, and unanimously carried
noting the absence of Members Tisdale and Williams, to approve the Consent Calendar.
Page 1City of Lake Elsinore
September 22, 2015Oversight Board Meeting Minutes
BUSINESS ITEM(S)
4)Third Amendment (2016) To Stadium Interim Management
Agreement
It is recommended that the Oversight Board approve and adopt:
Resolution No. OB-2015-004 A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE APPROVING THE THIRD AMENDMENT (2016) TO THE
STADIUM INTERIM MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR
AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
AND THE LAKE ELSINORE STORM LP
Chair Oster recused himself from the Dais.
Counsel Leibold provided an overview of the staff report and recommendation. Member
Landon asked if Department of Finance would ever not allow the one year amendments to the
agreement. Counsel Leibold responded that the Department of Finance has been
comfortable and embraced the one year agreements; however, the Agency anticipates a
more long term solution in addressing the ongoing operation of the stadium.
It was moved by Member Lassey, seconded by Member Landon, and unanimously carried
noting the absence of Members Tisdale and Williams and Chair Oster, to adopt the
resolution.
RESOLUTION NO. OB-2015-004: A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE APPROVING THE THIRD AMENDMENT (2016) TO THE STADIUM INTERIM
MANAGEMENT AGREEMENT BETWEEN THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AN THE LAKE
ELSINORE STORM LP.
Counsel Leibold announced that Chair Oster recused himself from the dais due to a conflict of
interest, as he is employed by the Storm.
Chair Oster returned to the dais at 3:56 p.m.
5)Recognized Obligation Payment Schedule (ROPS 15-16B) For
January 1, 2016 Through June 30, 2016
It is recommended that the Oversight Board approve and adopt:
Resolution No. OB-2015- 005 A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY
OF LAKE ELSINORE APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS 15-16B) FOR JANUARY 1, 2016 THROUGH JUNE 30, 2016
SUBJECT TO APPROVAL THEREOF BY THE SUCCESSOR AGENCY
Page 2City of Lake Elsinore
September 22, 2015Oversight Board Meeting Minutes
Administrative Services Director Simpson provided an overview staff report and reviewed the
Recognized Obligation Payment Schedule.
It was moved by Member Williams, seconded by Member Landon, and unanimously carried
noting the absence of Members Tisdale and Williams, to adopt the resolution.
RESOLUTION NO. OB-2015-005: A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS 15-16B) FOR JANUARY 1, 2016 THROUGH JUNE 30, 2016, SUBJECT
TO APPROVAL THEREOF BY THE SUCCESSOR AGENCY.
STAFF COMMENTS
Counsel Leibold reviewed the changes in legislation regarding the dissolution act of the
Oversight Board for the former Redevelopment Agency and stated that she will provide the
Board with a summary of the provisions by email.
BOARD MEMBER COMMENTS
There were no comments received by the Board Members.
ADJOURNMENT
Chair Oster adjourned the meeting at 4:05 pm. to the regular Oversight Board meeting to be
held on Tuesday, December 8, 2015, at the Cultural Center, 183 N. Main Street, Lake
Elsinore, California 92530.
__________________________
Genie Kelley, Chair
ATTEST:
____________________________
Susan M. Domen, MMC
City Clerk
Page 3City of Lake Elsinore