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Home My WebLink About01-12-1999 RDAMINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, JANUARY 12,1999 ~*:~~~~e~:~:~:~*~~*:~~~r:~*~:~:~x:~~~~~*~r:~~ex:~x*~:~~r:~*x~~x*~x:~~x:~~~~*~*~~~~~x*:~x CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 8:57 p.m. ROLL CALL PRESENT: BOARDMEMBERS: ALONGI, KELLEY, PAPE, BRINLEY ABSENT: BOARDMEMBERS: METZE Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh and Clerk of the Board Kasad. SELECTION OF CHAIRMAN & VICE-CHAIRMAN MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPOINT BOARDMEMBER BRINLEY AS CHAIRWOMAN OF THE REDEVELOPMENT AGENCY. MOVED BY BRINLEY, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPOINT BOARDMEMBER PAPE AS VICE-CHAIRMAN OF THE REDEVELOPMENT AGENCY. PUBLIC COMMENTS No Comments. CONSENT CALENDAR The following item was pulled from the Consent Calendar for further discussion and consideration: Item No. 5. MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE BALANCE OF THE CONSENT CALENDAR AS PRESENTED. PAGE TWO - REDEVELOPMENT AGENCY MINUTES - JAN. 12,1999 The following Minutes were approved: a. Joint Redevelopment Agency/City Council/Planning Commission - November 17, 1998. (F:134.3) b. Regular Redevelopment Agency Meeting - December 8, 1998. (F:134.3) c. Joint Redevelopment Agency/City Council/Planning Commission - December 9, 1998. (F:134.3) 2. Ratified the Warrant List for December 30, 1998. (F:12.3) 3. Received and ordered filed the Investment Reports for: a. October, 1998. b. November, 1998. (F:12.5) 4. Received and ordered filed the Fiscal Year 1997-98 Annual Audit & Financial Report. (F:24.1) 6. Concurred with City Council action to approve Commercial Project No. 98- 3& Negative Declaration No. 98-10 for a Service Station, Car Wash and Mini-mart located at 200 West Graham. (F:58.2) 7. Concurred with City Council action to approve Industrial Project No. 98-3 - Warehouse & Mini-Storage Facility. (F:86.2) ITEM PULLED FROM CONSENT CALENDAR 5. 1999 Series A& Series B(Taxablel Tax Allocation Revenue Bonds - Resolution No. RDA 99-1. (F:126.5) City Manager Watenpaugh requested that this item be pulled for separate action. Chairwoman Brinley noted that the comments from the City Council meeting should be included in these Minutes. The following is a copy of that discussion: City Manager Watenpaugh provided an overview of the proposal, and highlighted the documentation provided in the agenda packet. Bond Counsel Don Hunt explained that the documents provided for refunding of the Public Finance Authority, 1992 Series A, B and C bonds. He explained that the tax increment generated on behalf of the Agency was not as great as was anticipated in 1992. He noted that the City has subsidized obligations for the last two fiscal years, but this action would result in savings of $300, 000 to $500, 000 per year. He clarified that there is no guarantee that this action will be finalized, but the team is currently PAGE THREE - REDEVELOPMENT AGENCY MINLTTES - JAN. 12,1999 meeting to gain ratings and insurance for the bonds; but if authorized to proceed they are hopeful that this issue could realize savings. Dick Knapp, City Treasurer, congratulated Mayor Kelley on her appointment as Mayor. He advised that since he was elected in 1995, he has watched several bond issues go through the system, oveY 70 million dollars worth. He indicated that he totally against this type of action, noted the parties involved in the bond issuance and speculated with regard to the percentages of the issuance each party would receive. He suggested that this issuance will cost $1.8 to $2 million which could be used for road or other improvements. He indicated that he hates to see good money going after bad, as the City should resolve its problems instead of extending the period. Chris Hyland, 15191 Wavecrest Drive, inquired how much savings there will be, how much it will cost to acquire new bonds and how much the insurance will cost. She questioned the total cost vs. what will be paid now, and questioned what insurance will cost since these will probably be junk bonds. Mr. Hunt reiterated that according to Mr. Gunn's calculations, after all costs of issuance, the annual interest cost savings would be between $300, 000 and $500, 000. City Manager Watenpaugh inquired whether junk bonds are rated. Mr. Hunt indicated that these would not be junk bonds, noting that federal tax law requires documentation that there will be a savings before insurance can be acquired. He explained that if insurance is obtained the bonds will receive either a single "A"or a triple "A"rating, noting that this was a very favorable situation. .Iames Gray, 15159 Mimosa Drive, added to his prior comments, and suggested that if the City is truly taking advantage of the lower interest rate, there should also be consideration of shortening the life of the loan to I S years rather than extending it by ten years. Mr. Hunt stressed that the savings fi^om the bond issuance will be real dollars and net savings. MOVED BYBRINLEY, SECONDED BYPAPE TO ADOPT RESOL UTION NO. 99-1. Councilman Alongi addressed Mr. Hunt and suggested that it would be nice tf the Council had figures for discussion by the Board. He noted the savings discussed and dnquired whether this action would be extending the funding another 10 years. Mr. Hunt confirmed. Mr. Alongi inquired at the end of the ten year extension whether the savings will be in the form of payment or actual profit. Mr. Hunt indicated that the savings would be in the form of significantly reduced interest payments on the loan over each year. Mr. Alongi inquired if based on the current life of the bond, with the 10 year extension, whether the City would still pay less overall. Mr. Hunt PAGE FOUR - REDEVELOPMENT AGENCY MINUTES - JAN. 12,1999 confirmed. Mr. Alongi requested confirmation that at the end of the term the City will have paid less than if it continued on the current track. Mr. Hunt confirmed that there will be savings based on the present value. Mr. Alongi inquired if this was all predicated on insuring the bonds. Mr. Hunt clarified that it is possible to achieve all of the savings, even without insurance, noting that there is currently a narrow spread between the bonds rated or otherwise. He indicated that Mr. Gunn believes that the financing will generate these savings even if the bonds are unrated. Mr. Hunt stressed that there is no guarantee that the issuance can be completed, but the refinancing will only proceed if savings can be achieved. Councilman Alongi requested clarification of what this action will achieve. Mr. Hunt clarified that this consideration is for approval of the form of the documents and approval for the City Manager to proceed with the refinancing if positive results can be achieved. Councilnzan Alongi comnaented that it would be great if savings can be achieved and expressed hopes that future requests for consideration could show a comparison of the potential figures with what currently exists. He indicated that Mr. Gunn has done a good job and he will support this action if it can be put together. THE FOREGOING MOTION CARRIED BY UNANIMO US VOTE OF THOSE PRESENT. MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADOPT RESOLUTION NO. RDA 99-1, CONCURRING WITH CITY COUNCIL ACTION: RESOLUTION NO. RDA 99-1 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE (THE "AGENCY") AUTHORIZING THE REFINANCING OF CERTAIN OBLIGATIONS OF THE AGENCY AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE OF LAKE ELSINORE PUBLIC FINANCING AUTHORITY TAX ALLOCATION REVENUE BONDS. P~LIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL CO~JNSEL COMMENTS No Comments. PAGE FIVE - REDEVELOPMENT AGENCY MINUTES - JAN.12,1999 BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 9:01 P.M. ( - ~ U l. , ~ PAMELA BRIN Y, HAIR REDEVELOPMENT AGENC ATTEST: ~~~t~C~.o-Ot.t3i ICKI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING _~ CITY OF LAKE ELSINORE ~ 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, JANUARY 26,1999 ~x:~~~~~~~:~:~:~~~*:~~~:~~~:~*~:~~x*~:~~:~~:~:~~~~:~~~~~:~:~~:~~~:~:~~x:~~~~:~:~:~~~**~~ CALL TO ORDER The Regular Redevelopment Agency meeting was called to order by Chairwoman Brinley at 8:24 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, BRINLEY ABSENT: BOARDMEMBERS: VACANT (Due to Court Ordered Removal of Boardmember Alongi.) Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh, City Engineer O'Donnell and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None. PUBLIC COMMENTS - NON-AGENDIZED ITEMS George Alongi, 649 Mill Street, noted that he is a 36 year resident of Lake Elsinore and commented on the appointment of a replacement for the Redevelopment Agency. He indicated that this is a wonderful Country which allows for differences of opinion and good comes even from negative situations. He further indicated that Chris Hyland is the choice for his replaced and suggested that Boardmember Metze should support that appointment. He noted his past support for Mr. Metze as the citizens' choice, and indicated that the people have spoken no matter how long ago the last election was, and it does not matter what the Council likes or whether they like the person or not. He clarified that he was not convicted of corruptness, but rather misconduct. He quoted Martin Luther King regarding the ultimate measure of a man and noted that Mr. King was arrested many times for what he believed to be right. He commented that many people are willing to put themselves on the line for what they believe in and indicated that he will return to the Council. CONSEN~'CALENDAR Boardmember Metze indicated that he would be abstaining from vote on item l.a. PAGE TWO - REDEVELOPMENT AGENCY MINUTES - JAN.26,1999 due to his absence from that meeting. MOVED BY KELLEY, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved with Boardmember Metze abstaining from vote: a. Regular Redevelopment Agency Meeting - January 12, 1999. (F:134.3) 2. Ratified Warrant List for January 15, 1999. (F:123) EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION a. CONFERENCE WITH LEGAL COUNSEL - EXiSTING LITIGATION (Subdivision (a) of Section 54956.9) - Lake Elsinore Redevelopment Agency vs. Williams - Case #257162. b. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION - Significant exposure to litigation pursuant to subdivision (b) of Section 54956.9 (1 case). a CONFERENCE WITH REAL PROPERTY NEGOTIATOR - Property: That real property described as the (site) in the First Amended and Restated Disposition & Development Agreement by and among the Lake Elsinore Redevelopment Agency, the City of Lake Elsinore & Eastlake Community Builders, LLC (aka Liberty Founders LLC) - Negotiating Parties: Legislative Body & Staff of the Lake Elsinore Redevelopment Agency & the City of Lake Elsinore/Liberty Founders, LLC - Under negotiation: Instructions to negotiator will include (without limitation) price and terms of payment. City Attomey Leibold announced the above listed Closed Session Items. ~'~IE REDEV~LOPIVIENT AGENCY MEETING WAS RECESSED AT 8:31 P.1VI. PAGE THREE - REDEVELOPMENT AGENCY MINUTES - JAN. 26,1999 THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 8:57 P.M. THE REDEVELOPMENT AGENCY ADJOURNED TO A JOINT CLOSED SESSION WITH CITY COiTNCIL AT 8:57 P.M. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 10:33 P.M. WITH THE FOLLOW ANNOUNCEMENT: WITH REGARD TO ITEM A. LAKE ELSINORE REDEVLEOPMENT AGENCY VS. WILLLIAMS - CASE #257162; THE CITY COUNCIL AUTHORIZED LEGAL COUNSEL TO FILE APPEAL. ADJOUItN1VIENT MOVED BY PAPE, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 10:34 P.M. ~ -- j` ~ ~ ~ ~ ; ~ ` ;; PAMELA BRINLEY, HAIRWOMAN REDEVELOPMENT AGENCY AT EST: ~~~~ VICHI KASAD,.f;'I,ERK OF THE BOARD REDEVELOPMEi~TT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, FEBRUARY 9,1999 k*>ckkkk**a'cx>tkk*xkkne'xknekknekkxkdek*kkxkdeka2x' k'xk*>: k*ark*kk~Yack*atickaFa4at9ckk~Y CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order Chairwoman Brinley at 8:14 p.m. ROLL CALL PRESENT: BOARDMEMBERS: BRINLEY, METZE, PAPE, KELLEY ABSENT: BOARDMEMBERS: VACANT Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Deputy Legal Counsel Mann, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Fire Chief Seabert, Police Chief Walsh, City Engineer O'Donnell and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None Requested. CONSENT CALENDAR MOVED BY METZE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - January 26, 1999. (F:134.3) 2. Ratified Warrant Lists for January 29, 1999. (F:12.3) 3. Received & ordered filed the Investment Report for December, 1998. (F:12.5) PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. PAGE TWO - REDEVELOPMENT AGENCY MINiJTES - FEB. 9,1999 LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 8:15 P.M. PAMELA BRINL~Y, C~IAIRW REDEVELOPME'I~TT AGENCY ATTEST: ~ ICKI KASAD, LERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAYN STKEET LAKE ELSINORE, CALI~FORNIA TUESDAY, FEBRUARY 23,1999 *x~F9cknckk~FnFnFa'tkk4eaFkaF~k*k*kkaFk~Yakdra':*x'xk9exkieatk~Y~Y>r**9:d:k?:a4ienFnYk~Yk*k*xkaF~Fki;* CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:20 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, BRINLEY ABSENT: BOARD1Nd~~~~~s~`:~«.~: VACANT Also present were: ~~<vcut3ve Darector Watenpaugh, Legal Counsel Leibold, Administrative Services Direcxor Boane; Commun~ty Development Director Brady, Community Services DArect~r Sa~Op, Fire Chief Seabert, Police Chief Walsh, City Engineer O'Donneil and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None Requested. ANNOUNCEMENT (F:134.1) Chairwoman Brinley read the following announcement: In 1995, the R.edevFlo~me~* Agen.cy'~r~»ght cn a rew Finar_cial Consultant, Rod Gunn, to begin evalua*.in~ ar_~? *esolv~ng the Red~~,~elopment Agency's debt problems. Due to financial constraints the City was facing, Mr. Gunn and the new Financial Te~n were shifted tfl resolving the City's financial problems regarding the City's Community Facilities District. For the last four years, the City, with the assistance of the New Financial Team, has been working te resclve the City's CFD debt problems. As part of the resolution to these issues, tlte'_:edevelopment Agency and the City adopted an "Economic Strategy" which both agencies have adhered to. Tonight, I woul_d lilce to in_Porm ye_~ tr~t t1_Ze Redevelopment Agency, with the efforts of the Economic Strateg;~ ~~ u+'_ie Fi~ancial Team, has been successful in restructuring the 1991 S°ries A, B, and C Redevelopment ~onds. This restructure of RDA debt will remove a$909,000 annual subsidy from the City to the RDA. This restructure will put the RDA in the black, revenues positive by $109,000 per year. With trem:.ndous new PAGE TWO - REDEVELOPMENT AGENCY - FEBRUARY 23,1999 development to hit the tax rolls this year, that will improve the RDA's financial outlook even more. The 1992 Series A, B, and C were used by the RDA to fund City infrastructure with the development of Collier Avenue, part of the Main Street Improvements, and the purchase of Phase I of the Lehr Option (100 acres). She commended her fellow Boardmembers on a job well done in following the requirements of the financial plan. She expressed tremendous pride in the success of these efforts. She commended former City Manager Molendyk for his contributions to this success and thanked City Manager Watenpaugh, Mr. Molendyk and staff for this effort. Boardmember Kelley noted that this success was possible because of the cooperative efforts of the City Council/Redevelopment Agency Board, the financial team and staff. Vice Chairman Pape noted that this is a big step after a very hard climb. He advised that copies of the announcement are a~ailable far the press this evening. Boardmember Metze concurred that this was happy news after working very hard. He indicated that Mr. Gunn deserves a lot of credit, as does the Board for staying on track in spite of tough decisions. He stressed that the Redevelopment Agency is now solvent, which was a major priority when he took his seat on the Board. He further stressed that the financial stability of the City was key. Chairwoman Brinley stressed that when this effort began the Redevelopment Agency was $969,000 in debt, so everyone worked very hard to solve it. She indicated that she is proud to be associated with the Redevelopment Agency Board, City Council, City Manager, Former City Manager, City Staff and Rod Gunn. She extended great thanks to Mr. Gunn and his associates, and commented that she was glad for the community. CONSENT CALENDAR MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - February 9, 1999. (F:1343) PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Com i ents. I i` i ~ ~ PAGE THREE - REDEVELOPMENT AGENCY - FEBRUARY 23,1999 EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS City Attorney Leibold congratulated the Agency Board on this evening's announcement and announced the listed Closed Session Item. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION a. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Government Code Section 54956.8 of the Government Code) - Property: The Lalce Elsinore Diamond Stadium and Staff of the Lake Elsinore Redevelopment Agency. Agency Negotiator: Agency Board, Agency Council. Negotiating Parties: Redevelopment Agency & Lakeside Sports & Entertainment, LLC. Under Negotiation: Proposed clarification/modification of lease terms. THE REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 7:31 P.M. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT P.M. WITH THE FOLLOWING ANNOUNCEMENT: THE REDEVELOPMENT AGENCY BOARD DIRECTED LEGAL COUNSEL TO PURSUE NEGOTIATIONS IN CONNECTION WITH THE REQUESTED MODIFICATION. ADJOURNMENT MOVED BY BRINLEY, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADJOiIRN THE REGULAR REDEVELOPMENT AGEN Y BOARD MEETING AT 10:32 P.M. - ~< ~ y 1 { (~(/'~,-~' /~~'-J.,_ ~~%~1 :C~. (~l'~~w`,c// AGENCY OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, MARCH 9,1999 ~~:~*~:~*~~*~*~~:~~:~:~~~:~~:~x~:~~~~~*~~:~~:~~~***:~~****~*~*~:~~*~:~~:~~~:~~x~:~ CALL TO ORDER The Regular Redevelopment Agency was called to order by Chairwoman Brinley at 8:01 p.m. ROLL CALL PRESENT: BOARDMEMBERS: BRINLEY, METZE, PAPE, SCHIFFNER, KELLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh and Clerk of the Board Kasad, PUBLIC COMMENTS - AGENDIZED ITEMS Chris Hyland, 15191 Wavecrest, indicated that it was very interesting to hear that the RDA was now in the black, but questioned if the $1.5 million had been paid back to the General Fund. She also inquired if it was true that there was a deficit of $500,000 to be made up in fiscal year 1999-2000. She suggested that the return of the $1.5 million to the General Fund would allow for repair of potholes such as the one at Lakeshore/Machado. She stressed that the residents need to hear about giving the money back to the General Fund. Chairwoman Brinley noted that good news is hard to take; but confirmed that the RDA still does owe the City money. She clarified that the RDA will not have to take any subsidization from the General Fund this year, and will have a little bit of money left over. City Manager Watenpaugh clarified that the total RDA debt is about $167 Million, not $257 Million. He stressed that no one is saying there is no debt, but the funds will not need to be transferred to the RDA to meet the regular obligations. Chairwoman Brinley noted that the future tax increment will help cover future needs. City Manager Watenpaugh also clarified that the intent is that the money will be repaid to the General Fund. Chairwoman Brinley suggested that everyone be caution in throwing out numbers. PAGE TWO - REDEVELOPMENT AGENCY MINUTES - MARCH 9,1999 CONSENT CALENDAR The following item was pulled from the Consent Calendar for further discussion and consideration: Item No. 2. MOVED BY METZE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE BALANCE OF THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - February 23, 1999. (F:134.3) ITEMS PULLED FROM THE CONSENT CALENDAR 2. Warrant Lists: a. February 12, 1999. (F:123) b. February 26, 1999. Executive Director Watenpaugh noted that these were the warrant lists for payment of the obligations of the Redevelopment Agency. Dick Knapp, City Treasurer, questioned the debt service for Area 2 on this item and noted a transfer from the City list. He indicated that this was a tax fund issue and noted the agreement with Walmart. He questioned how is the RDA was paying this bill of approximately $386,000; and whether it was part of the million dollar transfer from the City to the RDA. Administrative Services Director Boone indicated that the checks were part of the agreements from 1993 and are equal to two years worth of payments based on their tax generation. He clarified that the City will need to put money in the current fiscal year, not the 1999-2000 fiscal year; and the RDA will be in the black in the fiscal year 1999-2000. MOVED BY METZE, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO RATIFY THE WARRANT LISTS AS PRESENTED. PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. PAGE THREE-REDEVELOPMENT AGENCY MINUTES-MARCH 9, 1999 LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 8:14 P.M. ATTEST: VICHI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, MARCH 23,1999 *~~~~~**~~**~~~~~~~*~~****~~~~***~~~~~**~*~~~~~****~~~~~*~~****~~~*~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 11:12 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administrative Services Director Boone, _ Community Development Director Brady, Community Services Director Sapp, Fire Chief Seabert, Police Chief Walsh and Clerk of the Board Kasad. PUBLIC COMMENTS Chris Hyland, 15191 Wa~ecrest, indicated that she was present with all of her documents and noted comments from a prior meeting that the RDA was "in the black". She advised that according to her documents for 1998-99, there is a transfer of $800,000 from the General Fund. She inquired if the RDA had paid back the $1.5 million it owed to the General Fund, and suggested with this transfer it will owe the General Fund $200 to $203 million. She expressed wonder as to whether Chairwoman Brinley realized that the RDA took a credit card to pay off another credit card. She commented that she felt she should depict the "real" story to the publia Chairwoman Brinley requested that Executive Director Watenpaugh address this matter. Executive Director Watenpaugh indicated that this was explained to Mrs. Hyland after the last council meeting, but reiterated that the RDA will be in the black next year, as the loan for this fiscal year had already been made to the RDA. He stressed that this was the third time this has been clarified and expressed belief that the public is already aware of the situation. CONSENT CALENDAR MOVED BY METZE, SECONDED BY KELLEY AND CARRIED BY iJNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PAGE TWO - REDEVELOPMENT AGENCY MINUTES - MARCH 23,1999 PRESENTED. 1. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - March 9, 1999. (F:134.3) 2. Received and ordered filed the Investment Report for January, 1999. (F:12.5.) 3. Adopted Resolution No. RDA 99-2, Authorizing the Executive Director to Accept and Consent to Deeds or Grants Conveying Any Interest in or Easement Upon Real Property to the Redevelopment Agency. (F:1341)(X:48.1) RESOLUTION NO. RDA 99-2 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE AUTHORIZING THE EXECUTIVE DII2ECTOR OF THE AGENCY TO ACCEPT AND CONSENT TO DEEDS OR GRANTS CONVEYING ANY INTEREST IN, OR EASEMENT UPON, REAL PROPERTY TO THE AGENCY FOR PUBLIC PURPOSES. EXECUTIVE DIRECTOR COMIVIENTS No Comments. LEGAL COUNSEL COMIVIENTS No Comments. BOARDMEMBER COMMENTS No Comments. ADJOURNMENT MOVED BY KELLEY, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO ADJOLIRN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 11:16 P.M. _ . ,.. _~.a.. ~ La... ..,~. ~ ~ ..~.~ ~.~. .. A TEST: REDEVELOPMENT AGENCY (-', VICHI KA AD, CLERK OF THE BOARD MINiJTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, APRIL 13, 1999 x:~:~~~~~~::~~:~~~rx~*~rx:~~~e:~*~:~~x**:~~:~~*~~~~r:~*x~~:~*~r~~~r~*~x:~~~~r:~~*~x~rx:~*~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 836 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Fire Chief Seabert, Police Chief Walsh and Clerk of the Board Kasad. PUBLIC COMMENTS A request was received to address Item No. 2 and deferred to that discussion. CONSENT CALENDAR The following Item was pulled from the Consent Calendar for further discussion and consideration: Item No. 2. MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE BALANCE OF THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - March 23, 1999. (F:134.3) Received and ordered filed the Investment Report for February, 1999. (F:12.5) 4. Concurred with Council Action to Approve Industrial Project No. 99-2, Carr Patterns, Co., located within APN 377-160-140. (F:86.2) Concurred with Council Action to Approved Industrial Project No. 99-1, PAGE TWO - REDEVELOPMENT AGENCY MINUTES Mini-Storage Facility Expansion for Lake Elsinore Self Storage at 29151 Riverside Drive. ITEMS PULLED FROM THE CONSENT CALENDAR 2. Warrant List - March 31, 1999. (F:123) Dick Knapp, City Treasurer, indicated that when he went through this list, he was surprised to see a check to Lakeside Sports and Entertainment for $31,177.57 and a check to EVMWD for $324,755.50. He assumed that this money was being transferred from the general fund depleting the ability of the City to repair streets and take down trees. He requested an explanation of these expenditures. City Manager Watenpaugh clarified that the check to Lakeside Sports and Entertainment is part of the contract agreement with them for repair of items at the stadium. Administrative Services Director Boone clarified that the check to EVMWD was part of the Fill and Operate Agreement with EVMWD and the annual payment for the Lake Stabilization project. He indicated that this has always been budgeted in the RDA and will be transferred as budgeted. Boardmember Metze reiterated that this is done every year. MOVED BY METZE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO RATIFY THE WAR.RANT LIST OF MARCH 31, 1999 AS PRESENTED. BUSINESS ITEM 6. Special Tax Parity Bonds 1999 Series A- Resolution No. RDA 99-3. (F:126.5) City Manager Watenpaugh explained this item and suggested concurrence with the City Council Action and adoption the required Resolution and Purchase Agreement. MOVED BY PAPE, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO ADOPT RESOLUTION NO. RDA 99-3, APPROVE THE PURCHASE AGREEMENT AND OTHER REQUIRED DOCUMENTATION. PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. PAGE THREE - REDEVELOPMENT AGENCY MINUTES LEGAL COUNSEL COMMENTS City Attorney Leibold clarified that the money for the Stadium repairs is from the Stadium Lease Trust Fund. She further clarified that the rent is held in trust to reimburse Lakeside for eligible Stadium repairs, and there is no transfer of general fund dollars required. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT MOVED BY METZE, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY~Vi~ETING AT 8:38 P.M. PAMELA BRINLEY, CHAIR~IV REDEVELOPMENT AGENCY ATTEST: ~1~.~~ ~ VICKI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TiJESDAY, APRIL 27,1999 ~:~:~*~x~x~x~r~:~:~~*~r~*:~~~:~*x~: ~x:~~:~:~x*~r:~~xx*~r~~r~*~:~~~*~x*~x*~xx~*~**:~*~e~x:~~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Mayor Kelley at 8:40 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, SCHIFFNER ABSENT: BOARDMEMBERS: BRINLEY, PAPE Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS No Comments. CONSENT CALENDAR MOVED BY SCHIFFNER, SECONDED BY METZE AND CARRIEDBY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting B April 13, 1999. (F:134.3) 2. Received and ordered filed the Investment Report for March, 1999. (F:12.5) PUBLIC COMMENTS B NON-AGENDIZED ITEMS Chris Hyland, 15191 Wavecrest, indicated that she could not believe what she read in the newspaper this past weelc; about TMC wanting the tax increment money associated with their project. She noted that they do not yet own property in the project. She further noted a wetlands project in Orange County and detailed the court findings. She questioned if TMC wanted to collect the t~es for construction of infrastructure and whether they would walk away from the project as recently occurred in Riverside. She indicated that the property owners within the Liberty project have not been contacted to sell their property and questioned if the properties would be condemned and turned over to TMC. She inquired PAGE TWO - REDEVELOPMENT AGENCY MINUTES - APRIL 27,1999 whether TMC was supporting Councilman Pape's run for Assembly; and whether the $2.1 million had been paid to Bob Williams. She further questioned the Watkins lawsuit and if the City has the money, in the event it loses the case. She also questioned the O'Byrne Agreement. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS Legal Counsel Leibold indicated that she is not aware of a demand to collect the tax increment by TMC. She explained that there is an e~sting agreement for financial assistance, but there has been no demand for tax increment. She addressed the wetlands area and concurred that it is not easy to develop or work around and stressed the approval process with federal agencies; noting the existing application for wetland enhancement projects. She stressed that there is definitely a process with regard to environmental sensitivity and the developer will work within those requirements. Legal Counsel Leibold announced the Closed Session item as listed. BOARDMEMBER COMMENTS No Comments. THE REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 8:45 P.M. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 9:03 P.M. CLOSED SESSION a. Lake Elsinore Redevelopment Agency vs. Lytle Creek Partners - Case #213915 and Koliber vs. Elsinore Valley Municipal Water District, et al - Case #217976 & 217968. THE REDEVELOPMENT AGENCY MEETING WAS RECESSED TO CLOSED SESSION AT 9:04 P.M., FOR DISCUSSION OF THE ABOVE LISTED ITEM. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 9:31 P.M. , WITH NO REPORTABLE ACTION. PAGE THREE - REDEVELOPIVIENT AGENCY MINUTES - APffiL 27,1999 ADJOURNMENT MOVED BY METZE, SECONDED BY SCHIFFNER AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADJOiIRN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 9:32 P.M. GENIE LLEY BOARDME BER ~ RED ELOPMENT AGENCY ATTEST: VICKI KASAD, CL RK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, MAY 11,1999 *xkkkkaka6a'txkkkat~Fkkk'xkat~YnF*x' k~kkaF~F*xk~YkaFka'e*k~Yk*k*aFick~Yx' k*kka'eatirnF**~Yx9ea4a'tx CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Vice- Chairman Pape 7:26 p.m. ROLL CALL PRESENT: BOARDMEMBERS KELLEY, METZ~, SCHIFFNER, PAPE ABSENT: BOARDMEMBERS BRINLEY Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administra4ive Services Director Boone, Community Development I3irector Brady, Community Services Director Sapp, Fire Chief Seabert, Police Chief Walsh and Clerk of the Board Kasad. PUBLIC COMMENTS None Requested. CONSENT CALENDAR MOVED BY KELLEY, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - Apri127, 1999. (F:134.3) 2. Ratified Warrant List of Apri129, 1999. (F:12.3) Approved Dedication of APN 365-051-026 to the County of Riverside, and authorized staff to process. (F:48.1) PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. PAGE TWO - REDEVELOPMENT AGENCY MINUTES - MAY 11,1999 EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT THE REGULAR REDEVELOPMENT AGENCY MEETING WAS DECLARED ADJOURNED AT 7:27 P.M. / Gf~ ~~ VIN W. PAPE, VICE-CHAIRMAN DEVELOPMENT AGENCY A ST: ~~ VICKI KASAD, CL RK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAK~ ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, MAY 25,1999 ~~~:~:~:~:~:~*~~xx:~*~*~~~:~~~:~~:~*~:~~x~x*~:~~~~~*~:~*~~~~~~x:~~~:~:~~~x:~:~~~*:~~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:41 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS: METZE Also present were: Executive Director Watenpaugh, Legal Counsel Leibold, Assistant Executive Director Best, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Acting Police Chief Horton and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS No Comments. CONSENT CALENDAR MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. 1. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - May 11, 1999. (F:134.3) 2. Ratified Warrant List for May 13, 1999. (F:12.3) 3. Approved Rescheduling of Agency Meetings on June 22"d and July 27, 1999, to June 21S` and July 26"'respectively. (F:134.1) PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. PAGE TWO - REDEVELOPMENT AGENCY MINUTES LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT MOVED BY SCHIFFNER, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 7:43 P.M. ~ AMELA BRI EY, CHAIF REDEVELOPMENT AGEN( AT ST: ~,` ~~/a~-cc/~ ~ VICHI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY \ 1VIINiJTES CITY COUNCIL/REDEVELOPMENT AGENCY JOINT STUDY SESSION 130 SOUTFI MAIN STREET LAKE ELSINORE, CALIFORNIA THURSDAY, MAY 20,1999 ........................................................................, CALL TO ORDER MayorBoardmember Kelley called the Joint Study Session to order at 3:10 p.m. . PLEDGE OF ALLEGIANCE Councilwoman/Chairwoman Brinley led the Pledge of Allegiance. ROLL CALL PRESENT: COUNCILMEMBER/ BOARDMEMBER: ABSENT: COUNCILMEMBER/ BOARDMEMBER: BRINLEY, PAPE, SCHIFFNER, KELLEY METZE (Mayor Pro Tem Metze arrived at the Meeting at 3:25 p.m.) Also present were: City Manager/Executive Director Watenpaugh, Assistant City ManagerBest, City Attorney/Legal Counsel Leibold Administrative Services Director Boone, Community Services Director Sapp, Community Development Director Brady, Lieutenant Horton Building and Safety Manager Russell, Public Works Manager Payne and City Clerk Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None DISCUSSION ITEM Pronosed Fiscal Year 1999-2000 Bud~et. (F30.1) City Manager/Executive Director Watenpaugh reminded Council that they have an adopted Financial Plan and the benefits of the Plan are beginning to have an impact. He presented Proposed Budget and stated he attempted to adjust the funds to the azeas that Council wished to have addressed and the items from last year's Budget that needed adjustment to continue services. He explained that he has presented a summary of the current and Proposed Budged of revenues and expenses. He further explained that he is presenting a Capital Projects Budget, however it is not complete since there are projects PAGE TWO - JOINT STUDY SESSION - MAY 20,1999 from this year that yvill be carried forward and new project that the - City has committed itself to informally. He noted that this gives Council the opportunity to finalize those projects. He noted a project that the City is working on with RCTC and gaining advanced Measure ~ "A" funds for One Million dollars that would allow the City to do three or four major projects. He noted that the projects could include the renovation of Machado Street; Lake Street improvements from Lakeshore to the Freeway; and renovation of Railroad Canyon Road. City Manager Watenpaugh stated that there is still some concern regarding the Lake Elsinore Recreation Authority Lease Payment due in August 2001, for a little over a million dollars. He further noted the expenses of the new Fire Station, which will create a need for new revenues. He noted that the reserve is looking better and the RDA is projected to be in the Black. City Manager/Executive Director Watenpaugh noted the General Fund revenues and expenditures with a small surplus of $103,000 left at the end of this fiscal year, which added to the Reserve, would total $2,733,689. He presented an overview of the revenues and expenses from the General Fund; Redevelopment Agency; Lighting, Landscape and Maintenance District; and Lake Operations Campground. Mayor Pro TemBoardmember Metze asked if the Budget reflected the potential future income from the Ford Dealership. City Manager/Executive Director Watenpaugh stated that it does. Councilman/Boardmember Pape asked if the apparent shortage should reflect a zero balance instead of -$118,205 since it will be balanced from the reserve. Administrative Services Director Boon stated that the City has always used the reserves to balance the budget for the last four years and this year is the lowest amount that has been presented. He stated that it could reflect that on the actual fmal budget. City Manager Watenpaugh stated that this report was intended to show Council where the City is short and long and can be balance with the reserve. He noted that staff is working to separate the Campground and the Lake Operations, however the Campground deficit is approximately $213,417, with a total deficit of $210,222. He stated that if revenues continue to increase, there would be additional monies. MayorBoardmember Kelley noted that there are several organizations interested in bringing in year-round events, which would generate income. She asked where the City is at this point. City Manager/ . Executive Director Watenpaugh explained that staff is working with the different organizations and noted the time constraints that are being discussed. Councilman/Boardmember Pape PAGE THREE - JOINT STUDY SESSION - MAY 20,1999 noted some activities that were approved two City Council Meetings ago and asked if those were factored into the budget as potential revenue. Community Services Director Sapp stated that he has not since it is too hard to figure the total outcome. Councilman/ Boardmember Pape asked the status of the RFP for the Campground. City Manager/Execufive D'uector Watenpaugh stated that it is in place and is waiting for CounciT direction. Councilman/ Boardmember Pape stated that he felt that the staff should move forward with this. City Manager Watenpaugh/Executive Director explained that this would eliminate the deficit on the Campground by several Hundred Thousand dollars. Councilman/Boardmember Schiffner asked if the Lake Operations and the Campground were separated which deficit would that most reflect that action. City Manager/Executive Director Watenpaugh stated that the Campground is currently operating in a deficit because there is no launch facility and people go elsewhere. He noted that the Lake Operations would be nearly self-supporting at this point. Councilwoman/Chairwoman Brinley asked what revenue was generated by the Boat Launch for last fiscal year. Community Services Director Sapp stated that $50,000 was generated just for launches for the last fiscal year. City Manager Watenpaugh stated that the Boat Launch has generated $55,125 through April 1999 and Day Use Passes are $145,347 through April 1999. Administrative' , Services Director Boone stated that it is being projected at $184,000 revenue for Day Use Passes for next year. City Manager/Executive Director Watenpaugh stated that the total revenues projected from the Lake and Campground together are $478,253. He noted the revenues by Major Categories far 1998-1999 and 1999-2000. Mayor Pro Tem/ Boardmember Metze commented that the numbers were very conservative. City Manager/Executive Director Watenpaugh stated that he is conservative and noted that in last year's ~iudget we received one-time money and that reflects on the future budget. He noted that if the sales tax is larger or the Assessors Office increases property tax then it could be adjusted accordingly. Councilwoman/Chairwoman Brinley questioned the category of "Other Tax". Administrative Services Director Boone stated that this includes Franchise Tax, Business License Tax, Property Transfer Tax and Transit Occupancy Tax. Councilman/Boardmember Pape commented that Sales Tax is the largest source of income. City Manager/Executive Director Watenpaugh stated that in a comparison most people think that their property tax is high and yet only a small portion of it comes to the City which amounts to approximately $870,000, however sales tax will generate approximately $3,300,000 which is only $500,000 short of covering the City's Public Safety budget. MayorBoardmember Kelley stated that she would like to review the dollars for the parks. She further stated that she would like to see the \ PAGE FOUR - JOINT STUDY SESSION - MAY 20,1999 parks restored to their previous condition before the City takes on anything new. City Manager/Executive Director Watenpaugh noted that the Park's Budget allowed $265,000 and this was not adequate to do even minimal maintenance and the actual amount that will be spent will be approximately $290,000. He noted that next year's budget is calling for $325,000. MayorBoardmember Kelley asked what impact that will have on the pazks. City Manager/Executive D'uector Watenpaugh stated the $325,000 would return watering and fertilization to 95%. MayorBoardmember Kelley asked it that would include the over-seeding that was not done this year. City Manager/ Executive Director Watenpaugh explained that the parks have been watered at 100% for the last week and one-half to see how much of the turf would come back before the money is spent on fertilization and seeding. He noted that Public Works now has a good idea of what the turf is going to look like and how each park will have to be addressed. He noted that this would restore the maintenance and operations of the parks back to 95%, however it will not restore the Parks Maintenance staff that the City had in the past and will have to remain under contract. Councilwoman/Chairwoman Brinley clarified the maintenance of the parks. Mayor Pro TemBoardmember Metze questioned the condition of the trees at the parks. City Manager/ Executive Director Watenpaugh explained that the City has lost at least twelve trees through a lack of water, which does not include vandalism. He explained that staff has been working with Edison auditing all of the park facilities which include all of the lights which are monitored by timing devices. He noted that through their new billing system it would allow the City to save as much as 50% of our electrical cost. He noted that this would reduce the cost to the user groups for lighting. He explained that there is a down side to this action since the user groups have access to the storage facilities at the different parks and have utilized energy for ice machines and refrigeration as well as other things that require energy. He noted that in order to get the reductions they will have to cease using that energy. He suggested that they might be able to install their own meter box for the storage and by that action, allow the reduction in the lighting fees. Mayor Pro TemBoardmember Metze stated that the different user groups tend to be cooperative and should not mind using an altemate energy source. Councilwoman/Chairman Srinley stated that she has always found the user groups to be most cooperative. City Manager/ Executive Director Watenpaugh noted that staff turned the maintenance of the restrooms at the parks over to the user groups and this has had less than satisfactory results both for the user groups and the public. He noted that as a result staff has reshuffled dollars in the Parks budget to contract with Excel to do the maintenance. He noted that he feels that Excel has not done the job that is needed, therefore staff has readjusted the budget and took the money to hire part time PAGE FIVE - JOINT STUDY SESSION - MAY 20,1999 staff to have the bathrooms cleaned on a regular basis. Councilman/ Boardmember Pape noted that the majority of use is on the weekend and if someone should be assigned during that time and less time can be spent the rest of the week. City ManagerBxecutive Director Watenpaugh explained that staff would eliminate the extra money from Excel contract and the money could be used to hire part time staff to clean on a regular basis. MayorBoardmember Kelley asked how much the user groups have paid in lighting fees. Community Services Director Sapp stated that they have paid approximately $8,000 for the entire year. MayorBoardmember Kelley asked if the City was still collecting the $10 fee for "out of City" residents and how much has been collected to date. Community Services Director Sapp stated that it has been just a small amount and is approximately $1,500. MayorBoardmember Kelley asked if Ortega Trails Recreation and Park District ceases to exist what impact would this have on the City. Community Services Director Sapp stated that he could not answer that at this time since the boundaries would have to be redone. There was general discussion regarding the use of park facilities and the disposition of services now provided by Ortega . Trails. MayorBoardmember Kelley asked that staff stay on top of the situation regarding Ortega Trails and keep Council appraised of the ongoing situation and possible solutions. MayorBoardmember Kelley asked if the figure in the budget reflected the increased cost for Police. City Manager/Executive Director Watenpaugh stated that it did. Mayor Pro Tem/ Boardmember Metze commented on the increase of cost for Police each year just to maintain the same level of service and is a major concern. City Manager/Executive Director explained the services that are received without extra cost. Councilwoman/Chairman Brinley stated that the City saves a considerable amount of money on Police benefits and facilities cost. Councilman/Boardmember Pape noted that if the cost of Fire and Police is added together it comes to $4.2 million, which is 42% of the entire General Pund budget. He commented that it is a significant part of the budget. Councilwoman/ Chairman Brinley noted for the Press is that almost half of the General Fund budget goes for Public Safety. Mayor Pro Tem/Boardmember Metze stressed that there has been a$350,000 increase from last year and it is for the same level of service. There was general discussion regarding Public Safety and its related costs. Lieutenant Horton noted that the primary reason for the increase was the contract negotiated by the Riverside County Sheriff's Association that includes a 20% increase over a three-year period. He explained that the first year is for 12% to 14% and then tapers off and the largest amount of the increase is in this Fiscal Year and then it will decrease. He noted that the raises were based upon benchmarks throughout the State of PAGE SIX - JOINT STUDY SESSION - MAY 20,1999 California and explained that Riverside County has been one of the lowest paid Departments in Southem California for years and the raise has now put the Department in a competitive market. CouncilBoard concurred with the need to pay the officers a competitive wage. Administrative Services Director Boone explained that the Police contract is for $78.44 per, and if the price were based on Orange , County it would be approximately $150 per, therefore the cost is more than reasonable. Councilwoman/Chairwoman Brinley stated that she felt that the raise is cost was reasonable. Lieutenant Horton gave an overview of the services provided and the number of officers. He noted the advantage of having the Sheriff s Station in the City and the visibility of the officers as they enter and leave the City. Councilwoman/Chairwoman Brinley commented that the crime rate is down in the City and the quality of Law Enforcement is directly responsible for that. There was general discussion regarding the new Sheriff's Facility behind the Community Center. Mayor/ Boardmember Kelley questioned the raise in Weed Abatement costs. Administrative Services Director Boone explained that there was a raise in the contract. City Manager/Executive Director Watenpaugh stated that staff has recently received news that the City's CDBG funds are going to be a little more than had been expected. He noted that staff has proposed to place an additional $5,000 in Structure Abatement and $9,000 in Code Enforcement which is over an above the money currently allocated to those items. He noted that the funds could be used for the demolition of the old Lions building to allow development of a parking lot. MayorBoardmember Kelley questioned the allocation of funds for the Community Center and asked if there were going to be new programs coming on line. Community Services Director Sapp explained that there are a few new programs as well as allowances for maintenance and operation of the building. Councilman/Boardmember Pape noted that the Travel and Meeting Expense does not include Policy Committee Meetings for himself and Mayor Kelley as well as trips to Sacramento and Washington D.C. regarding the Lake. He explained that there might be times when the Mayor and R.D.A. Chairwoman may have to go to Sacramento to • work toward gaining funds from the State Water. Bond. City Manager/Executive Director Watenpaugh stated that he would look at past expenses to address this issue. There was general discussion regarding the merits of attending Conferences as well as having Planning Commission in attendance. MayorBoardmember Kelley asked that Council decides who would attend, then staff can budget accordingly. There was general discussion regarding travel. \ PAGE SEVEN - JOINT STUDY SESSION - MAY 20,1999 Councilwoman/Chairwoman Brinley questioned the status of pool~ vehicles. City Manager/Executive Director Watenpaugh stated that no money has been budgeted for pool cars and the cazs that the City currently owns are not satisfactory for long distance travel. Councilwoman/Chairman Brinley suggested that this item be ' addressed in next year's budget. Mayor Pro TemBoardmember Metze noted the condition of the buiidings at Public Works and the fact that the Mechanic's building is in very bad shape. Gity Manager/ Executive Director Watenpaugh sated that it is a problem and explained that they have the mechanic come in early in the morning and leave at noontime since there is no air-conditioning in the building and it becomes too hot to work. There was general discussion regarding the revenue of the City. City Manager/Executive Director Watenpaugh gave an overview of the Redevelopment Agency Budget. Mayor Pro TemBoazdmember Metze asked for clarification of the reserve in the General Fund. City Manager/Executive Director Watenpaugh clarified the amount that will be in the reserve in the next budget year. City Manager/Executive Director Watenpaugh gave an overview of the Landscape and Lighting Maintenance District Budget. He noted that the Assessment Engineer would be presenting a letter of intention at the City Council Meeting June 21, with the public hearing to be held July 13. He explained that this is a revenue in and revenue out budget. City Manager/Executive Director Watenpaugh explained that the Lake Park and Recreation Enterprise Fund is being presented to give the City Council a better grasp on how the funds are handled in that department. He stressed that the fact that they are in the process of separating the budgets for the Lake and the Campground and that will be brought back for City Council consideration at a latter time. Councilman Metze commended staff for a job well done and stated that there was really nothing that could be changed since staff is following the financial plan. City Manager/Executive Director Watenpaugh stated that several items in the Capital Projects budget are sti1P being evaluated. He further stated that that staff is trying to get an advance on the Measure "" funds to add three or four more major project. He explained that staff is still trying to ascertain the costs of the different project. He clarified the exact location of the Main Street project. PAGE EIGHT - JOINT STUDY SESSION - MAY 20,1999 Councilwoman/Chairwoman Brinley asked if staff has i~een in contact with EVMWD, so that when they have to do a major project the City is not paving streets and then having to go back and repair them after EVMWD has eompleted their projects. She stated that the roadways should be repaved from centerline to curb when the street is opened which has not been done. There was general discussion regarding the encroachment of the streets by EVMWD and the paving closure that was done. Mayor Pro tem/Boardmember Metze stated that he was under the impression that the fmal was to be brought back before Council and was not. Councilwoman/Chairwoman Brinley stated that if the City is going to repave the streets, then a policy should be set so that a contractor does not come behind and tear up the streets that were just paved. She noted that when that has happened, the contractor does not go back and do the best job and the streets are less than acceptable. Councilman/Boardmember Schiffner stated that opening the streets after paving is a universal problem.and can only be addressed through a long-range program, and even then it doesn't work because of different budgets and available funding periods. He noted that the problem is the quality and that is the current problem that this Council faces. City ManagerBxecutive Director Watenpaugh explained that he met with the different utility compa~y representatives this morning and encroachment was discussed. He pointed out that Bob Stover our Public Works inspector has been implementing full intersection being paved and the current projects are being required to do half streets. Councilwoman/Chairwoman Brinley stated that staff might need to implement an ordinance that would require half paving of streets and the engineering designs of the different contractors would include that in their specifications. City Manager/Executive Director Watenpaugh stated that he could bring back the cost for a study to implement an ordinance to address that issue. Mayor Pro TemBoardmember Metze concurred. Jody Crawford stated that she lives near Gunnerson and Riverside Drive and explained that after the flooding and the raising of Riverside Drive, Gunnerson became a dirt street and this has caused serious traffic problems. She asked that Council consider making the paving of Gunnerson and the other streets that were washed out in the flood a priority on list. • Councilwoman/Chairwoman Brinley stated that she was aware of Gunnerson and Shrier having asphalt streets, however most of the streets in that area were done in D.G. Mayor Pro TemBoardmember Metze stated that noted the priorities that Council must consider such as Mission Trail which is heavily traveled. He is aware of Gunnerson Street and its condition. He noted that Riverside Drive is a State Highway. PAGE NINE - JOINT STUDY SESSION - MAY 20,1999 Ms. Crawford stated that at the Planning Commission Meeting when the proposed Day Care was discussed, it was stated that it is the City's ~ responsibility to pave Gunnerson and noted that the street is now grated and all tiiat does is create more dust and does not address the problem. Mr. Ray presented a map of the azea and a petition for the paving of Richard Street, Shrier Street and Gunnerson. He presented pictures of the streets from 1987 showing that they were paved and current pictures showing the old paving and dirt that now exists. He noted that when the City annexed the area in 1966, the streets were dedicated and should continue to be maintained by the City in the same condition as when they were annexed. . City Manager/Executive Director Watenpaugh stated that the Governor has set aside $850 million dollars for storm damaged roads and the City is trying to get funding from that source to repair a number of streets that have been damaged by flooding. MayorBoardmember Kelley asked how the streets are selected for paving. City Manager/Executive Director Watenpaugh explained that what has been done over the last few years are that the City is trying to preserve those streets that are still paved. He noted that over the last few years the funds for Street Maintenance have been furuieled into other projects. He noted that the City has readopted a slurry seal program and for the last two years staff has expanded the areas to overlay and slurry seal those streets that are in good shape, so that they will continue to stay in good shape. He explained that they add areas each year. He stressed that due to the current budget problems, if the City had gone in and repaved areas, the streets that were in good repair would have deteriorated and it would cost even more to bring the roadway up to its former standard. He noted that Public Works staff through concerns and complaints from the citizens selects the streets. There was general discussion regarding the selection of streets for paving. Councilwoman/Chairman Brinley stressed that the City Manager/Executive Director Watenpaugh and City staff will continue to pursue the funds from the State for storm damaged roads and this can address the concerns of the two pervious speakers. She did feel that Shrier should be address by those funds. Councilman/Boardmember Schiffner noted that the important thing is how the street was improved in the first place. He noted that the quality of the pavement and how it was done should be considered. He noted that no government just goes out and builds streets for PAGE TEN - JOINT STUDY SESSION - MAY 20,1999 people that don't have them since the responsibility is with the properiy owner to develop the streets, however if the streets have been dedicated, then it is the City's responsibility to maintain them. He stressed that staff should research the streets to ascertain which aze the ~' City's responsibility and which aze not. Community Services Director Sapp stated the side streets off of Chaney Street were done on a grant program. Mr. Ray stated that he has been in touch with Cal-Trans and they told him over the phone that if the City were to pave the streets adjacent to Riverside Drive they would cooperate with the City and assist in the improvements. Ms. Crawford stressed the danger of turning off of Riverside Drive onto the dirt streets and further stressed the need for paving. City Manager/Executive Director Watenpaugh stated that Council could consider using some of the money from Measure "A" to . develop a program and if the City gets the money from the State for storm damaged roads, then the funds can be reimbursed to Measure "A" funds. Councilman/Boardmember Pape asked how long it would take to find out if the City is going to receive the grant money. Administrative Services Director Boone stated that the City could apply in the new budget year. Mayor Pro Tem/Boardmember Metze stated that Council must look at the whole community and Lake Street must be a priority, which has been in bad repair for a very long time. He noted the amount of people that travel on that roadway. He commented that he has been in several different cities in the last few months, and all of those communities are considered to be more affluent then our City and their roads are no better than ours are. He expressed his fiustration with peopie who think that Lake Elsinore has such terrible streets when other cities have just as many problem areas. Councilman/Boardmember Schiffner stated that it is a universal problem. Councilwoman/Chairwoman Brinley asked if there was anyway that the City could do Lake Street and Shrier. City Manager/Executive Director Watenpaugh stated that the City is going to request an advance of Measure "A" fiznds for the next five years for this type of program and the other half for the annual slurry seal program. He stressed that the City will try to get some of the monies for storm damaged streets as well. There was discussion regarding the distribution of the gindings left from the major renovation of Spring Street. MayorBoardmember Kelley stated that she would like to see some of the money that is not allocated being used on some of the streets that people have complained about. She noted that it is the PAGE ELEVEN - JOINT STUDY SESSION - MAY 20,1999 smaller streets that have been left the longest and really need the attention. She noted that she realized that the more heavily traveled streets need attention, however she would like to see some of the small side streets addressed as well. Councilwoman/Chairwoman Brinley stated that she understands the speaker's concerns since they have been'waiting quite a while and Shrier and Gunnerson are used as detour streets. She stressed using grindings from the major projects for these streets. Councilman/Boazdmember Pape stated that staff needs to find out if the City is going to receive grant money prior to taking any action so that the azea is not done twipe. He noted that the grant money would make it possible to create a new street rather than using the grindings. City ManagerBxecutive Director Watenpaugh stated that they would get the time frame and bring it back to Council. Administrative Services Director Boone stated that the City must go through an application process and then we will know better what we will receive. Councilman/Boardmember Schiffner asked if the City has an inventory of streets that tell the condition of the streets or just a complaint list. City Manager Executive Director Watenpaugh stated that staff has been looking at the City of Vista has a software package that inventories all of their streets. He noted that the company goes through the city and does a complete inventory and then gives a cost and time frame for deterioration. He explainec~ that staff has a general list of some of our streets and a five year plan, however it does not get into paving new streets. Public Works Manager Payne stated that the GIS has an inventory of all of the streets, however it does not address the condition of the streets. Councilman/Boardmember Pape stressed the need to apply for the grant money prior to allocating money to other streets. Mayor Pro TemBoardmember Metze concurred with Councilman/ Boardmember Schiffner and stated that if someone is not on a paved street, it does not necessarily mean that they are entitled to one. He noted that the property owner must pay for the street, however if it is a paved street and needs to be maintained, that is a separate situation. MayorBoardmember Kelley questioned the item of the I-15/Diamond Drive Study. City Manager/Executive Director Watenpaugh stated ' that is the study that Cal-Trans requires before any change can be made to the interchange. He stated that if Cal-Trans does not approve of the study, then the City must come up with the $5 or $6 million dollars to fund the project. MayorBoardmember Kelley questioned the Collier Avenue Improvements and asked if that included the median. City Manager/Executive Director Watenpaugh stated that the PAGE TWELVE - JOINT STUDY SESSION - MAY 20,1999 item is the OPA with.Decon. He explained that the RDA has an~ agreement with the property owner that the RDA will improve Collier Avenue when Decon gets ready to develop. He noted that it is approximately ] 60 feet of street that will require improvements. MayorBoardmember Kelley questioned the addition of the median on Collier in front of the Outlet Center since it is dirt at this time and needs attention. She asked if this could be added into the budget. Mayor Pro TemBoardmember Metze noted that he has seen landscaping on that type of inedian where palm trees are used with rocks set in concrete between are used and it is inexpensive and low maintenance as well as attractive. City Manger/Executive Director Watenpaugh clarified that it is the consensus of the Council that staff put together some of the additional items that Council has asked for and incorporate them into the budget and the other items as recommendations that will be returned to another Council Meeting. , ADJOURNMENT The Joint Study Session was adjourned at 4:49 p.m. ATTEST: VICKI KASAD, CITY CLERK/ CLERK OF THE SOARD MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, JUNE 8,1999 ~*:~*~~~:~~::~*~~x:~*~~: *~:~**:~~x*~**:~~:~~:~~ex*~:~~:~~x*~e:~*~:~*~x~*~r*~*~*~: *~~:~* CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 8:50 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh, City Engineer O'Donnell and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS No Comments. CONSENT CALENDAR Boardmember Metze indicated that he would be abstaining from vote on item l.a. MOVED BY PAPE, SECONDED BY SCHIFFNER AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTED. 1. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - May 25, 1999. (F:134.3) 2. Ratified Warrant List for May 27, 1999. (F:123) 3. Received and ordered filed the Investment Report far April, 1999.(F:12.5) 4. Concurred with Council Action to approve Zone Change No. 99-1 far Pacific Crematorium, Inc. (F:172.2) 5. Concurred with Council Action to approve Industrial Project No. I 99-3 located at 561 Birch Street. (F:86.2) PAGE TWO - REDEVELOPMENT AGENCY MINUTES - JUNE 8,1999 6. Concurred with Council Action to Approve the Proposed Budget for Fiscal Year 1999-2000 and adopted Resolution No. RDA 99-3. (F30.1) RESOLUTION NO. RDA 99-3 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVIGN AND ADOPTING THE BUDGET FOR FISCAL YEAWR 1999-00 AND APPROPRIATING THE FUNDS NECESSARY TO MEET THE EXPENDITURES SET FORTH THEREIN. PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS Legal Counsel Leibold announced the Closed Session as listed on this agenda. BOARDMEMBER COMMENTS No Comments. THE REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 8:53 P.M. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 9:24 P.M. CLOSED SESSION a. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION - Significant exposure to litigation pursuant to subdivision (b) of Section 54956.9 of the California Government Code (1 case). THE REDEVELOPMENT AGENCY MEETING WAS ADJOURNED TO CLOSED SESSION AT 9:25 P.M. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 10:35 P.Me NO ACTION TAKEN. ADJOURNMENT MOVED BY METZE, SECONDED BY KELLEY AND CARRIED BY PAGE THREE - REDEVELOPMENT AGENCY MINUTES - JUNE 8,1999 UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 10:36 P.M., TO MONDAY, JIJNE 21,1999, AT 7:00 P.M. ' ~~~C~~'~ ~AMELA BRINLE , C IRVW REDEVELOPMENT AGENCY ATTEST: r f ~c~o-cX KI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA ' MONDAY, JULY 13,1999 :~:~x:~~~~**~~~~r:~~t~~x~:~x~ex~~ex~~x~~x~~**~: ~~:~~r*~r~:~~~x~~~~r:~~r~~r*~:~~~r CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:52 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS NONE Also present were: Execufive Director Watenpaugh, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh, City Engineer O'Donnell, Public Works Manager Payne and Deputy City Clerk Bryning. PUBLIC COMMENTS Chris Hyland, 15191 Wavecrest Drive, asked who pays for the mistrial for the Watkins Case. She noted that she had heard that the amount owed was in excess of $100,000 and this would put the RDA back in the red. Chairman Brinley asked that Mrs. Hyland be sure and correctly fill out her requests to speak since this item is non-agendized and her request clearly called for a public comment which falls on the agendized item. She invited Mrs. Hyland to continue. Mrs. Hyland objected to the interruption and continued that at the trial one of the things that concerned her was that during the trial one of the reasons that the Concessionaire was evicted was because of gopher holes and she indicated that there is not a person who owns property that doesn't get gophers and she felt that this was a very weak reason. CONSENT CALENDAR Approved the Regular Redevelopment Agency Meeting Minutes of June 21, 1999. (F:134.3) 2. Ratified the Warrant Lists of June 15, 1999 and June 30, 1999. (F:123) PAGE TWO - RDA MINUTES - JULY 13,1999 3. Received and ordered filed the Investment Report for May, 1999. 4. Approved and adopted Resolution No. RDA 99-4 - Confirming Fiscal Year 1999-00 Special Taxes - CFD 90-2 (Tuscany Hills Public Improvements). RESOLUTION NO. RDA 99-4 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, REQUESTING THE TAX COLLECTOR OF THE COUNTY OF RIVERSIDE TO PLACE SPECIAL TAXES ON THE BILLS OF CERTAIN PROPERTIES (CFD 90-2). PUBLIC COMMENTS - NON-AGENDIZED ITEMS None. EXECUTIVE DII2ECTOR COMMENTS None. LEGAL COUNSEL COMMENTS None. BOARDMEMBER COMMENTS None. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 7:57 P.M. THE REGULAR REDEVELOPMENT AGENCY MEETING RECONVENED AT 8:25 P.M. CLOSED SESSION City Attorney Leibold announced that there were two items listed on the Agenda for Closed Session, however Council would not be discussing Item A; but announced that the following would be discussed: b. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION- Significant eaposure to litigation pursuant to subdivision (b) of Section 549569 (1 Case). PAGE THREE - RDA MINUTES - JULY 13,1999 THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED TO CLOSED SESSION AT 8:25 P.M. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECONVENED AT 10:24 P.M. WITH NO ACTION TAKEN. BOARDMEMBERS COMMENTS None. ADJOURNMENT MOVED BY METZE, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGEN.C'~Y 1VI`~ETING AT 10:~ P.M. ~~ ` - "PAMELA BRIN ; C AIRW AN LAKE ELSINO REDEVEL ENT AGENCY Respectfully submitted, . _ ~~~/~~~%~~~ , Adria L. Bryning, Depu City Cle ATTEST: CJ ~ ~~~,,o~'~' VICKI KASAD, SECRETARY OF THE BOARD LAKE ELSINORE REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA MONDAY, JDNE 21,1999 :~:~~~x:~:~:~:~~~~~:~~~~:~~~:~~~~~~~~:~~~:~~~: ~*~~:~~:~~x:~~:~*~:~~~:~~~*:~~~~x:~:~~~x~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:25 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Legal Counsel Leibold, Assistant City Manager Best, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh, Fire Chief Seabert, City Engineer O'Donnell, Building and Safety Manager Russell, Public Works Manager Payne and Deputy City Clerk Bryning. PUBLIC COMMENTS None. CONSENT CALENDAR MOVED BY SCHIFFNER, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTED. Approved the Regular Redevelopment Agency Minutes of 7une 8, 1999. (F:1343) 2. Concurred with City Council Action to Approve Commercial Project No. 99-1 - Ultramar Gasoline and Service Station at 301 North Main Street. (F:56.2) PUBLIC COMMENTS NON-AGENDIZED ITEMS None. EXECUTIVE DIRECTOR COMMENTS None. PAGE TWO - REDEVELOPMENT AGENCY MINUTES - JUNE 21,1999 THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 7:28 P.M. THE REGULAR REDEVELOPMENT AGENCY MEETING RECONVENED AT 7:34 P.M. CLOSED SESSION THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED TO CLOSED SESSION AT 7:35 P.M. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECONVENED AT 8:30 P.M. Legal Counsel Leibold announced that there would be one Closed Session with the Redevelopment Agency as follows: A. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Lake Elsinore Recreation Area vs. City of Lake Elsinore Redevelopment Agency, et. al. - Case Number 302435. BOARD MEMBER COMMENTS None ADJOiJRNMENT MOVED BY SCHIFFNER, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN TH~REDEVELOPMENT AGENCY MEETING AT 8:30 P.M. i \ ~ P~MELA BRINL Y, LAKE ELSINO R] AGENCY. Res ectfully submitted, ~~~~~~~v / " . Adria L. Bryning, D uty Ci Clerk AT EST: 2~%..~~~~~,~ VICI~I KASAB, SECRETARY OF THE BOARD LAKE ELSINOi2E REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA MONDAY, JULY 26,1999 dekkatdeaF~'rx' x' aFa'ea6iek**xk*>'eka2ka'e'xkaFx' aFka'eieaFatkok~F*k*xk*kkxkdekkeYkkdekkneeYxkkdekx' atie CALL TO ORDER The Regular City Council Meeting was called to order by Chairwoman Brinley at 736 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS: NONE Also present were: Assistant Executive Director Best, Legal Counsel Leibold, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh, City Engineer O'Donnell, Public Works Manager Payne, Finance Manager Magee and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS No Comments. CONSENT CALENDAR The following item was pulled from the Consent Calendar for separate consideration: Item No. 3. MOVED BY PAPE, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE BALANCE OF THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - July 13, 1999. (F:134.3) 2. Ratified Warrant List for July 15, 1999. (F:12.3) TTEMS PULLED FROM THE CONSENT CALENDAR Libertv Specific Plan Amendment No. 2. General Plan Amendment No. 98- 4. "A" Tentative Tract Map No. 28766, and Subsequent Mitigated Ne,ag tive Declaration No. 99-3 (LibertYFounders, c/o Town Group, Inc.~. (F:150.2) PAGE TWO - REDEVELOPMENT AGENCY MINUTES - JULY 26,1999 MOVED BY PAPE, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO CONCR WITH COUNCIL ACTION AND CONTINUE THIS ITEM TO AUGUST 10,1999. PUBLIC COMMENTS - NON-AGENDIZED ITEMS Chris Hyland, 15191 Wavecrest, indicated that she was going to be in Arizona at her Ranch on August 10`~', so she would make her comments this evening. She requested that the Board not interrupt her comments. She noted that she had received calls from several residents in the County regarding an expensive piece of propaganda being distributed by the Town Group. She questioned why the County residents were receiving copies of the brochure, when City residents were not. She suggested that this was a campaign ploy relating to the 66'~' Assembly District. She noted comments by Vice Chairman Pape and indicated that the brochure event stooped so low as to include children in it. She suggested that this was part of a"dog and pony show" that occurs during every election; noting that there seems to be a different design every other year. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION a. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) - City of Lake Elsinore vs. Lytle Creek Partners - Riverside Superior Court Case #213965 and Harvey et al vs. EVMWD - Riverside Superior Court Case #215768 consolidated with Koliber vs. EVMWD - Riverside Superior Court Case #217976. b. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Lake Elsinore Recreation Area vs. City of Lake Elsinore, et. al. - Case No. 302435. City Attorney Leibold announced that there would be no need to meet on Item a, as listed on this agenda; however the Board would need to confer on Item b, as identified on the agenda. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 7:42 P.M. PAGE THREE - REDEVELOPMENT AGENCY MINUTES - JULY 26, 1999 THE REGULAR REDEVELOPMENT AGENCY MEETING RECONVENED AT 8:13 P.M. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS ADJOURNED TO CLOSED SESSION AT 8:14 P.M. FOR DISCUSSION OF ITEM B AS LISTED ABOVE. THE REGULAR REDEVELOPMENT AGENCY MEETING RECONVENED AT 8:55 P.M. WITH THE FOLLOWING REPORTED ACTION: LEGAL COUNSEL LEIBOLD PROVIDED A STATUS REPORT ON LAKE ELSINORE RECREATION AREA VS. CITY OF LAKE ELSINORE, ET. AL. - CASE NO. 302435. ADJOURNMENT MOVED BY KELLEY, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 8:56 P.M. ^ P`AMELA BRINIIEY, CHAIRV~ REDEVELOPMENT AGENCY ATTEST: V~ ~ VICKI ~SAD CLERK OF THE BOARD ~ REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, AUGUST 10,1999 ~x~r~x:~:~xx*x:~~e:~:~*~~r:~~r~x~r~~x~x~e~~~e:~~e~e:~~:~*~r~*~r*~r~~~r~~*:~~x:~~~~~~x~~x~x:~~:~~:~~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 10:24 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS; NONE Also present were: Executive Director Watenpaugh, Legal Counsel Leibold, Assistant City Manager Best, Administrative Services Director Boone, Community Development Director Brady, Recreation & Tourism Manager Edelbrock, Police Chief Walsh, City Engineer O'Donnell and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None requested. CONSENT CALENDAR MOVED BY KELLEY, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTED. Minutes a. Regular Redevelopment Agency Meeting - July 26, 1999. (F:134.3) 2. Liberty Specific Plan Amendment No. 2, General Plan Amendment No. 98- 4, "A" Tentative Tract Map NO. 28766, and subsequent Mitigated Negative Declaration NO. 99-3 (Liberty Founders, c/o Town Group, Inc.) (F:52.2) PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. PAGE TWO-REDEVELOPMENT AGENCY MINUTES - AUGUST 10,1999 EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 10:25 P.M. THE REGULAR REDEVELOPMENT AGENCY MEETING RECONVENED AT 10:45 P.M. CLOSED SESSION a. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Lake Elsinore Recreation Area vs. City of Lake Elsinore, et. al. - Case No. 302435. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED TO CLOSED SESSION AT 10:45 P.M. WITH COUNCILMEMBERSBOARDMEMBERS/AUTHORITY MEMBERS BRINLEY, METZE, SCHIFFNER AND KELLEY IN ATTENDANCE, FOR DISCUSSION OF THE ABOVE LISTED ITEM. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 11:02 P.M. NO ACTION TAKEN. ADJOURNMENT MOVED BY BRINLEY, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT AT 11:02 P.M. ~ ~ fi ~~ /~ , \.~% ~' 2~ 2' ' ,'r"tic c-~'L PAMELA BRIN EY, CHAIl2WO~IAN REDEVELOPMENT AGENCY ~l AT EST: ~ ~(~~ VICKI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MINUTES CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, AUGUST 24,1999 ~~~~~~~~~:~:~~~~:~~~~:~~~:~~~~~:~*~:~~:~~:~~~:~~~~:~*~:~~x:~~:~:~~*:~~~:~~~~*:~~~~:~~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:59 p.m. ROLL CALL PRESENT: BOARDMEMBERS BRINLEY, METZE, PAPE, SCHIFFNER, KELLEY ABSENT: BOARDMEMBERS NONE Also present were: Executive Directar Watenpaugh, Legal Counsel Leibold, Assistant City Manager Best, Administrative Services Director Boone, Community Services Director Sapp, Fire Chief Seabert, Police Chief Walsh and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None Requested. CONSENT CALENDAR MOVED BY METZE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTEA 1. The following Minutes were approved: a. Regular Redevelopment Agency Meeting B August 10, 1999. (F:134.3) 2. Ratified Warrant List far July 29, 1999. (F:12.3) PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. PAGE TWO - REDEVELOPMENT AGENCY MINUTES BOARDMEMBER COMMENTS No Comments. CLOSED SESSION A. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Lake Elsinore Recreation Area vs. City of Lake Elsinore, et al. - Case No. 302435. City Attorney Leibold announced the above-listed item. THE REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 8:02 P.M. THE REDEVELOPMENT AGENCY MEETING RECONVENED AT 8:25 P.M. THE REDEVELOPMENT AGENCY MEETING ADJOURNED TO CLOSED SESSION AT 10:30 P.M. WITH NO REPORTABLE ACTION. ADJOURNMENT MOVED BY BRINLEY, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 10:31 P.M. ~ PAMELA ATTEST: ~ VICKI KASAD, LERK OF THE BOARD REDEVELOPMENT AGENCY AGEN MINUTES SPECIAL JOINT MEETING CITY COUNCIL/REDEVELOPMENT AGENCY/ LAKE ELSINORE RECREATION AUTHORITY CITY OF LAKE EL5INORE 130 S. MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, SEPTEMBER 7,1999 x:~~:~~~:~:~*:~~*~~~~:~~:~~~~~:~x:~:~~:~x~:~~~:~~:~~~~:~~:~~~:~~~~~~~~~~~:~~~:~~~:~~~:~ CALL TO ORDER The Special Joint City Council/Redevelopment Agency/Lake Elsinore Recreation Authority Meeting was called to order by Mayor Kelley at 4:14 p.m. ROLL CALL PRESENT: COUNCILMEMBERS/ BOARDMEMBERS/ AUTHORITY MEMBERS: BRINLEY, METZE, PAPE,KELLEY ABSENT: COUNCILMEMBERS/ BOARDMEMBERS/ AUTHORITY MEMBERS: SCHIFFNER Also present were: City Manager Watenpaugh, Assistant City Manager Best, City Attorney Leibold, Litigation Attorneys Ed Richards, Pamela Lacey and Jeff Gerardo. CLOSED SESSION CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION ~Subdivision (al of Section 54956.9) - Lake Elsinore Recreation Area vs. Citv of Lake Elsinore, et al. - Case No. 302435. City Attorney/Legal Counsel Leibold announced the Closed Session item as listed above. THE SPECIAL JOINT MEETING WAS RECESSED TO CLOSED SESSION AT 4:15 P.M. FOR DISCUSSION OF THE ABOVE LISTED ITEM. THE SPECIAL JOINT MEETING RECONVENED AT 5:30 P.M. WITH NO REPORTABLE ACTION. PAGE TWO - JOINT SPECIAL MEETING - SEPTEMBER 7,1999 ADJOURNMENT THE SPECIAL JOINT MEETING WAS ADJOURNED AT 5:30 P.M. L ~~ EY, MAY~ OF ATTEST: ~ - VICKI KASAD, CIT CLERK/ CLERK OF THE BOARD/ CLERK OF THE AUTHORITY P REDEVELOPMENT AGENCY l ~~ 1VIE KELLEY, AUTH TY CHAIR RECREATION AUTHORITY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, SEPTEMBER 14,1999 ~:~:~~~*~:~*:~:~~~:~:~~~:~~~:~:~~:~~*:~,~:~~:~~:~~~~~:~~:~~x:~~:~~*~~*~~~:~~~:~~~~~~:~~~:~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:56 p.m. ROLL CALL PRESENT: BOARDMEMBERS: BRINLEY, METZE, PAPE, SCHIFFNER, KELLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Legal Counsel Leibold, Assistant Executive Director Best, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Fire Chief Seabert, Police Lt. Horton, City Engineer O'Donnell and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None requested. CONSENT CALENDAR Boardmember Kelley noted that item 3 should be removed from the Consent Calendar and handled as a Business item. MOVED BY KELLEY, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE TO MOVE ITEM 3 TO BUSINESS ITEMS. MOVED BY PAPE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE BALANCE OF THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - August 24, 1999. (F:134.3) b. Special Joint Redevelopment Agency/City Council/Lake Elsinore Recreation Authority Meeting - September 7, 1999. 2. Concurred with Council Action to Approve Tentative Parcel Map No. 29325 and Industrial Project No. 99-4, Collier Avenue Business Park, located within APN 377-120-016. (F:110.2) PAGE TWO - RDA MINUTES - SEPTEMBER 14,1999 BUSINESS ITEMS 3. Resolution Approvin¢ and Authorizinp Issuance of Multifamilv Housing Revenue Bonds in an amount not to exceed $SA Million by the Lake Elsinore Redevelopment Agencv for the Lakeside Apartments - Resolution No. RDA 99-5. (F:126.5) Legal Counsel Leibold explained this item; and noted the TEFRA hearing held on August 24"' , which allowed the request to proceed to this next step. She detailed the four conditions placed on the approval of this request; and noted that the Agency Bond Counsel and the project owner's representative were present to respond to questions. She commented that there is no negative fiscal impact on the City or the RDA, as the sole source of security for the bonds is the project. She recommended adoption of the proposed resolution and authorization for execution of the relevant bond documents. Dick Knapp, City Treasurer, questioned the outstanding balance on the original $5 million, the amount of cost for back t~es and payments, and how much Steadfast will receive. He indicated that his main concern, although the City has no obligation, is the refinancing being classified as a refunding. He noted that this is a$5 million loan, down the road 15 years and it is now being refinanced for 30 years. He suggested that the only people benefiting from the transaction are the ones putting the package together. Don Hunt, Bond Counsel, indicated that the amount of bonds remaining on this project is $5 million, which was the original amount done as a variable rate bond issue. He explained that this action is requested because the project was purchased about a year ago and the new owners have started to refurbish the project. He noted that his firm has done extensive tax analysis of the project for compliance with the low and moderate requirements, and they are comfortable that it is an appropriate project for refunding. He indicated that the City benefits, in that the project is exempt from property tax, but the deal requires that the City be reimbursed for the property tax, resulting in a net positive for the City. He indicated that in terms of fees for putting the package together, they are based on hourly rates for the time invested; and confirmed that a lot of effort has gone into this request. He clarified that the owner is paying all of the fees and there are no fees being charged to the City or the Agency and there is no one making a windfall. Chairwoman Brinley requested clarification of the liability to the RDA. Mr. Hunt indicated that there is no liability of subsidy by the City or the Agency; and the Agency is not liable for the bonds. He further indicated that the bonds are being privately placed, and this is not a public offering. Vice-Chairman Pape noted that from what he has heard previously, the owner has done a lot to improve the property, and are putting forth a lot of money and effort. He indicated that they still have some work to do, but it is certainly an improvement to the neighborhood; and suggested that with their investment they would most likely be a bit more diligent in selecting PAGE THREE - RDA MINUTES - SEPTEMBER 14,1999 tenants. He reiterated that there is no risk to the City and commented that he saw no reason to oppose the request. Boardmember Metze indicated that the key points had been expressed by Boardmember Pape and Bond Counsel Hunt. He stressed that this will establish a binding commitment to complete the rehabilitation of the project and they will be joining the Crime-Free Multi-Housing Program. He further stressed that the project will count toward the low and moderate requirements. He indicated that there is no down-side to this action. Boardmember Kelley concurred with Boardmember Metze, and indicated that she was relying on the advice of Bond Counsel. Boardmember Schiffner indicated that there was no down-side to this action, but there are positives, being participation in the Crime-Free Program and credit for 441ow and moderate housing units. MOVED BY METZE, SECONDED BY PAPE TO ADOPT RESOLUTION NO. RDA 99-5 AND APPROVE EXECUTION OF THE INDENTURE, LOAN AGREEMENT, REGULATORY AGREEMENT, ASSIGNMENT OF MORTGAGE, INTERCREDITOR AGREEMENT, BOND PLACEMENT AGREEMENT AND DISTRIBUTION OF THE PRIVATE PLACEMENT MEMORANDUM. Chairwoman Brinley noted that she was glad to see extra conditions and applicant's concurrence with them. THE FOREGOING MOTION CARRIED BY UNANIMOUS VOTE. PUBLIC COMMENTS - NON-AGENDIZED ITEMS Chris Hyland, 15191 Wavecrest, expressed concern with being interrupted by the Chair. She noted the upcoming election and indicated that there are a lot of people who have not registered to vote. She stressed the need to register to vote and indicated that this is a crucial election. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS Legal Counsel Leibold indicated that there would be no need far the Closed Session discussion listed on this agenda. BOARDMEMBER COMMENTS No Comments. PAGE FOUR - RDA MINUTES - SEPTEMBER 14,1999 CLOSED SESSION A. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Lake Elsinore Recreation Area vs. City of Lake Elsinore, et. al. - Case No. 302435. ADJOURNMENT MOVED BY SCHIFFNER, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 8:07 P.M. ' ) i ;• 4 ~~~ PAMELA BRINL , CHA RWO LAKE ELSINO REDEVELOPM AGENCY ATTEST: ~ VICKI KASAD, CLERK OF THE BOARD LAKE ELSINORE REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, SEPTEMBER 28,1999 *~~~***,~~,~~***~~**,~~**,~*~~**,~*,~****~*~~*~**~**~**,~***,~~**,~,~***~**,~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:41 p.m. ROLL CALL PRESENT: BOARDMEMBERS: BRiNLEY, METZE, PAPE, SCIFFNER, KELLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Legal Counsel Leibold, Assistant Executive Director Best, Administrative Services Director Boone, Community Development DirectorBrady, Community Services Director Sapp, Police Chief Walsh, City Engineer O'Donnell and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None requested. CONSENT CALENDAR MOVED BY KELLEY, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTED. 1. The following Minutes were approved: a. Regular RedevelopmentAgency Meeting - September 14, 1999. 2. Ratified Warrant Lists for the following dates: a. August 31, 1999. b. September 15, 1999. 3. Received and ordered filed the Investment Report for June, 1999. 4. Concurred with Council Action to Approve Tentative Tract Map 29304 & Mitigated Negative Declaration No. 99-5. PAGE TWfJ - RI~:~9TVEI,OPMT'~$'~" ;~~~•~;NC'~° ~'a'~#i'~~ ~'~'~~~ PUBLIC COMMENTS - NON-AGENDIZED ITEMS Dick Knapp, City Treasurer; addressed a newspaper artt: ~•~~~~~n this date and indicated that Mr. Buckley used an erroneous figure regarding tiie Diarnond Stadium and the campground. He commented that tl~e Recreation Authority was created to create a new loan, but the $14.68 million ifi a transfer of funds from the RDA to a new entity. He indicated that even though the RDA is supposedly in the black, the debt has been transferred to another entity, which naturally puts the RDA in the black. He suggested that this debt should go back to the RDA. Chairwoman Brinley requested clarification of the issues discussed by Mr. Knapp. Executive Director Watenpaugh clarified that there is no more debt on the Stadium, but there is a debt on the Recreation Authority. Chris Hyland, 15191 Wa~ecrest, noted that she read the press release about the Lake Elsinore Recreation Authority litigation, and Mayor Kelley's views were stated very clearly. She noted the discussion of it being someone else's fault; and quoted the Mayor from the article with regard to termination of the agreement, etc. She questioned fears of the "runaway" juty and questioned distrust of the court system; she expressed concern that the Council was continuing to call her friend, Jess Watkins a liar. She questioned if the Council was not guilty of conspiracy, why would they be paying the settlement. She indicated that omNovember 2"a the residents will be the judge and jury. She suggested that the Council was a disgrace and should be removed or resign from office. EXECUTIVE DIRECTOR COMMENTS Na t;omments. LEGAL COUNSEL COMMENTS Legal Counsel Leibold noted a letter received from Community Development Director Brady disclosing to the Redevelopment Agency Board and City Council that he is presently renting a property in Redevelopment Project Area No. 1 and has entered into a purchase agreement for a new primary residence in Project Area #2. She explained that it was necessary to enter this information into the permanent record for the City. She indicated as an aside, she was reminded that the City Clerk/Clerk of the Board lives in Project Area 1, but is not subject to the same disclosure requirements. She further noted that three members of the Redevelopment Agency Board also reside within a Redevelopment Project Area, being Chairwoman Brinley and Boardmembers Metze and Pape. Chairwoman Brinley questioned the need for formal action on this item. Legal Counsei Leibold indicated that it was sufficient to inciude this announcement in the minutes. Legal Counsel Leibold noted the Closed Session item listed on this evening and indicated that there was no need to discuss the matter listed and that there would be no need for a Closed Session at this meeting. PAGE THREE-REDEVELOPMENT AGENCY MINUTES BOARDMEMBER COMMENTS No Comments. CLOSED SESSION A. CONFERENCE WITH LEGAL COUNSEL - EXISTING LITIGATION (Subdivision (a) of Section 54956.9) Lake Elsinore Recreation Area vs. City of Lake Elsinore, et. al. - Case No. 302435. As noted by Legal Counsel this discussion was not needed. ADJOURNMENT MOVED BY SCHIFFNER, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 7:50 P.M. AMELA BRINLEY, REDEVELOPMENT THE BOARD REDEVELOPMENT AGENCY MINUTES SPECIAL JOINT MEETING CITY OF LAKE ELSINORE CITY COUNCIL/ CITY OF LAKE ELSINORE REDEVELOPMENT AGENCY/ LAKE ELSINORE PUBLIC FINANCE AUTHORITY MEETING CITY OF LAKE ELSINORE 130 SOUTH MAIN STREET LAKE ELSINORE, CALIFORNIA THURSDAY, OCTOBER 14,1999 ~~*:~~*~~*~~:~**~:~~*~:~*~**~~~~~~~~~~~~*~~~~~~~*~*~*~~~~~~~*:~~~ CALL TO ORDER The Special City Council Meeting was called to order by MayorBoardmember Kelley at 433 p.m.; and a correction was noted on the date that appears on the Agenda. PLEDGE OF ALLEGIANCE (F: 126.5) Councilman/Boardmember Schiffner led the Pledge of Allegiance. ROLL CALL PRESENT: COUNCILMEMBERS/ BOARDMEMBERS: BRINLEY, METZE, SCHIFFNER, KELLEY ABSENT: COUNCILMEMBERS/ BOARDMEMBERS: PAPE Also present were: City Manager/Executive Director Watenpaugh, Deputy City Attorney/Deputy Legal Counsel Mann, Assistant City Manager Best, Administrative Services Director Boone, Community Development Darector Brady, Community Services Director Sapp and Deputy City Clerk Bryning. PUBLIC COMMENTS - AGENDIZED ITEMS There was one request to address Council/Redevelopment Agency/Public Finance Authority as follows: Chris Hyland, 15191 Wavecrest Drive questioned why this could not , have been placed on the Agenda for the next City Council Meeting ', instead of having it on such short notice. MAYOR KELLEY NOTED THAT THE MEETING WOULD BE HEARD BY ALL THREE AGENCIES AT THE SAME TIME. MAYOR KELLEY PASSED THE GAVEL TO CHAII2WOMAN BRINLEY OF THE REDEVELOPMENT AGENCY/PUBLIC FINANCE AUTHORITY WHO CALLED THE MEETING OF THOSE AGENCIES TO ORDER. PAGE TWO - SPECIAL JOINT MINUTES - OCTOBER 14,1999 BUSINESS ITEM 31. Bond Restructuring -1999 Series C& D Bonds. City ManagerBxecutive Director Watenpaugh gave an overview of the project and e~lained that the action before Council/Agency/Authority is a bond restructuring. He further explained that the City attempted to do the restructuring eight months ago and it did not go through. He noted that the market was not conducive to restructuring at that time. He further noted that there was a window of opportunity at this time to restructure and the City's Financial Consultant felt that the City should move quickly to take advantage of the opportunity. He stressed that this is part of the Financial Plan. Financial Advisor Gunn explained that the proposed action was is to authorize a refinancing and restructuring of existing debt. He noted that there was no new money being raised through the proposed issue. Councilwoman/Chairwoman Brinley asked that Mr. Gunn repeat his comments. Mr. Gunn repeated his comments. He noted that earlier this year the City/Agency/Authority had a refinancing that addressed some of the RDA's debt and had dramatic savings in excess of three- quarters of a million dollars a year. He noted that this financing was not as dramatic, however it would take care of several problems and provides the foundation far the RDA to move forward. He stated that he felt with the completion of this part of the financing plan, the RDA, for the first time in a number of years could set aside the past and begin to look forward to the future as the increment grows. He further stated that in a year or two the RDA would be in a position to do new capital projects rather than scrambling to pay off debt. Councilwoman/Chairwoman Brinley clarified Mr. Gunn's comments. Mr. Gunn stated that the reason that Council and the other agencies were being asked to look at this action was because there was an opportunity to market the bonds, and the action today was in anticipation that the bonds could be marketed; however there is a chance that they will not go forward. He stressed that this action was in anticipation of marketing the bonds. He noted that the action addresses two issues: 1) the refunding notes issued in 1993 that mature in 2 years in the amount of $33 million; and 2) the restructure of the Series B bond issue, because as it is currently structured there is not enough money to pay the debt service from RDA. He further explained that the current proposed Bond issues would refinance the Series B 1995 Bond. He gave an overview of the current Series B Bond and why it was to the City's advantage to restructure and noted that this is the best platform to move forward from in the future. Mr. Gunn explained that because of the unusual debt service on the 1995 Series B Bonds the additional cost to start fully amortizing the $3.3 million was not nearly what one would expect, and in some years the PAGE THREE - SPECIAL JOINT MINUTES - OCTOBER 14,1999 debt service would even decrease from what it is now when $3.3 million is added on the original amount. He further explained that the maximum amount of payment would increase no more than $200,000 in some years and goes all the way up to a$90,000 savings from existing debt service. Councilwoman/ Chairwoman Brinley questioned the payments. Mr. Gunn explained that it varies each year. Mr. Gunn explained that the Public Financing Authority was issuing a bond and it would be repaid to loans of each of the Redevelopment areas. He assured Council that there was no double issuance. Don Hunt, Bond Counsel e~plained that it is required that the City Council approve the current indebtedness of its Redevelopment Agency by resolution. He stressed that the City was not involved in the financing in any other way. He stated that the resolution was approval by the City of the ability of the Agency to enter into loan agreements so the financing could proceed. He explained each step that would have to be taken to implement the procedure and allow the marketing of the bonds. Chris Hyland asked if Council had read and reviewed the documents presented. Mayor Pro Tem/Boardmember Metze stated that Council received the documents earlier and that the Council had made a review of the information. He noted the similarity of the loan documents for bonds and how familiar the Council is with these type of documents. City Treasurer Knapp asked what the face value of the Bonds was and what the interest rate was versus the e~sting debt. Mr. Gunn gave an overview of the amount outstanding and explained that the reason there is a Series C and D is because there is a small amount of the bonding that is taxable and that is Series D in the amount of $250,000 to follow IRS rules; and Series C is tax exempt. Mayor Pro Tem/Boardmember Metze asked if this was one of the final steps of financing for the RDA. Mr. Gunn stated that it was and noted that a few years ago the Agency was not able to meet its debt so the City had to augment the Agency. As of this date the Agency was able to meet all of its outstanding debts and structured in such a way that the Agency should be able to move forward in a few short years. COUNCILMANBOARDMEMBER PAPE ARRIVED AT 4:55 P.M. MayorBoardmember Kelley asked for a review of the cost savings created by the proposed bonds. Mr. Gunn made review of the savings and noted the difference in the bond payments due to an uneven debt service schedule; as well as a Capital Bond which come due at one PAGE FOUR - SPECIAL JOINT MINUTES - OCTOBER 14,1999 time in the amount of $3.3 million. He noted that the restructuring and refinancing would allow the payments to be spread out in an even manner and relieve the major payment due by creating a level base to work from. Daryl Hickman, 19 Corte Madera, questioned the final amount paid by the taa~payer. Mr. Gunn explained that paying for a bond issue was like paying for a house and much like paying for a 30 year mortgage, it will cost 3 to 3 1/2 times the original issued amount. City Manager/ Executive Director Watenpaugh further explained that the ta~payer was not directly paying for the bond, but rather the tax increment was paying for the bond debt. Mr. Gunn stated that the City is not raising new taxes to pay far the bond issue. Councilman/Boardmember Pape stated that the tax increment could only be used for paying off debt service and could not used for roads or public services. Councilman/ Boardmember Schiffner stated that the tax increment couldn't be collected unless there was a debt service. Mr. Gunn concurred. Mayor Pro Tem/Boardmember Metze noted that the City had just completed an independent audit and suggested that if the candidates were interested they should contact the City Manager's Office for a copy. He stressed that the action today would be the final financial step that would have to be taken to firm the financial position of the RDA. He indicated the problems that the City/RDA had when Mr. Gunn was first hired, and now this action would place the RDA back on it's feet. The City CouncilBoards asked that Mr. Gunn sum up where the City/Redevelopment Agency was when he was first hired. Mr. Gunn stated that in 1995 he was hired to address the fiscal problems with the RDA and started to restructure prior issuance of short-term notes incurred by a previous Council. He indicated that there were 4 or 5 outstanding debts or about to mature debts; and there was no visible means to pay, because revenues did not increase, but rather decreased. He stated that after four years this was the final step and the City/RDA would not have to go to the bond market again for restructuring. He stressed that this would only be RDA debt. Mayar/Boardmember Kelley noted how far the City and RDA had come in a very short period of time, which seemed like an eternity in the beginning. She stressed that the action being taken was to meet a window of opportunity to take the final step to resolve all the financial issues. Mr. Gunn stated that the proposed action was to give permission to go forward with the marketing of the final bonds and was not yet a"done deal". PAGE FIVE - SPECIAL JOINT MINUTES - OCTOBER 14,1999 Councilwoman/Chairwoman Brinley stated that a little over 4 years ago the RDA was a little over $900,000 in the red and through the efforts of Rod Gunn and Don Hunt's financial plan the RDA was now in the Black. She noted that they had promised that if Council/RDA followed their financial plan that the RDA would again be on sound footing and that promise had come true. She thanked them far all their guidance. City Manager/Executive Director Watenpaugh stated that there would be a press conference next Tuesday at City Hall. Dick Knapp, City Treasurer stated that in past years the General Fund has been loaning the RDA money to keep them afloat and wanted to know if the RDA would now begin to pay the funds back to the General Fund. Mr. Gunn stated that would be considered at the time the budget is considered and a decision can be made then. Mr. Knapp stated that this is a good opportunity to recover the funds and place them back in the General Fund for other uses. Councilman/Boardmember Pape stated that 4 or 5 years ago there were not a lot of people that understood what was going on and Council took a lot of criticism for that, however with this action, all of the hard times are about to pay off. He noted that the City is in a much better position than it was a few years ago, because the Council was willing to make the hard decisions. Mayor Pro Tem/Boardmember Metze stated that there has been a lot of talk in the community and asked how close the City was to ba.nkruptcy at this time. Mr. Gunn stated that there was no way that the City would go under fiscally, given the City's current policy. Mayor Pro Tem/Boardmember Metze noted the type of work that Mr. Gunn does and he felt that the City did a smart thing in hiring Mr. Gunn. Mr. Gunn stated that the credit needs to go to the City Council. He noted that it had been very difficult to make the decisions that the Council had to make such as the closing of the parks. Councilwoman/Chairwoman Brinley gave an overview of the decision to close the parks and noted the difficulty of that decision. Councilman/Boardmember Schiffner asked how close the City was to bankruptcy four years ago. Mr. Gunn stated that there were four cities in the Riverside and San Bernardino County areas that he was told would probably go into bankruptcy and the City of Lake Elsinore was one of them, but now the City is sound and has recovered from that situation. PAGE SIX - SPECIAL JOINT MINUTES - OCTOBER 14,1999 MayorBoardmember Kelley noted the City Council has to take action on a resolution and called for a motion. MOVED BY SCHIFFNER, SECONDED BY BRINLEY AND CARRIED BY UNANIMOUS VOTE TO APPROVE RESOLUTION NO. 99-50 AS FOLLOWS: RESOLUTION NO. 99-50 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE, TAKING CERTAIN ACTIONS IN CONNECTION WITH THE ISSUANCE OF LAKE ELSINORE PUBLIC FINANCING AUTHORITY TAX ALLOCATION REVENUE BONDS. Chairwoman/Councilwoman Brinley assumed the Chair as the Chairwoman of the Redevelopment Agency and called for a motion. MOVED BY PAPE, SECONDED BY SCHIFFNER AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE FOLLOWING: 2. Resolution of the Lake Elsinore Redevelopment Agency RESOLUTION NO. RDA 99-5 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE (THE "AGENCY") AUTHORIZING THE REFINANCING OF CERTAIN OBLIGATIONS OF THE AGENCY, AND TAKING CERTAIN OTHER ACTIONS IN CONNECTION WITH THE ISSUANCE OF LAKE ELSINORE PUBLIC FINANCING AUTHORITY TAX ALLOCATION REVENUE BONDS. 4. Purchase Contract 5. Continuing Disclosure Agreement 6. 1993 Series A Escrow Deposit and Trust Agreement 7. 1995 Series B Escrow Deposit and Trust Agreement 8. 1999 Series C Indenture of Trust 9. 1999 Series D(Taxable) Indenture of Trust 10. Project Area No. I Subordinate Loan Agreement 11. Project Area No. II Subordinate Loan Agreement 12. Project Area No. II Subordinate Taxable Loan Agreement 13. Project Area No. III Subordinate Loan Agreement 14. Housing Fund Subordinate Loan Agreement PAGE SEVEN - SPECIAL JOINT MINUTES - OCTOBER 14,1999 Chairwoman/Councilwoman Brinley assumed the Chair as the Chairwoman of the Lake Elsinore Public Finance Authority and called for a motion. MOVED BY METZE, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE FOLLOWING: 1. Resolution of the Lake Elsinore Public Finance Authority. RESOLUTION NO. PFA 99-3 A RESOLUTION OF THE LAKE ELSINORE PUBLIC FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF TAX ALLOCATION REVENUE BONDS OF SAID AUTHORITY, THE APPROVAL OF A PURCHASE CONTRACT FOR THE PURCHASE THEREOF AND THE TAKING OF CERTAIN OTHER ACTIONS IN CONNECTION WITH SUCH BONDS. 4. Purchase Contract 5. Continuing Disclosure Agreement 6. 1993 Series A Escrow Deposit and Trust Agreement 7. 1995 Series B Escrow Deposit and Trust Agreement 8. 1999 Series C Indenture of Trust 9. 1999 Series D(Taxable) Indenture of Trust 10. Project Area No. I Subordinate Loan Agreement 11. Project Area No. II Subordinate Loan Agreement 12. Project Area No. II Subordinate Taxable Loan Agreement 13. Project Area No. III Subordinate Loan Agreement 14. Housing Fund Subordinate Loan Agreement CITY MANAGER COMMENTS None. CTTY ATTORNEY COMMENTS None. COUNCIL COMMENTS MayorBoardmember Kelley thanked Mr. Gunn and Mr. Hunt on behalf of the staff, Council and community far all their guidance and encouragement. ADJOURNMENT MOVED BY BRINLEY, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE JOINT SPECIAL MEETING AT 5:20 P.M. PAGE EIGHT - SPECIAL JOINT MINUTES - OCTOBER 14,1999 ~'~i~~ E KELLEY,`~ OF LAKE ELSINORE PAMELA A. BRINLEY, CHAIRWOMAN OF THE CITY OF LAKE ELSINORE ~. PAMELA A. B LEY, CHAIRWOM OF THE ORE PUBLIC FINANCE AUT ORITY G~~'~-~- Respectfully submitted, ~L~ ~ Adria L. Bryning, Depu City Cl rk AT ST: ,~~Yt~. VICKI KA AD, CITY CLERK CITY OF LAKE ELSINORE MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, OCTOBER 26,1999 ~:~:~~~~~~~:~~~~~~:~~~:~:~~*:~~~~*~~:~~:~~~~~:~~:~*~:~~:~*~:~:~~~: ~~*:~~*:~:~~~**:~~~:~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:56 p.m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, METZE, PAPE, SCHIFFNER, BRINLEY ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Assistant Executive Director Best, Deputy Legal Counsel Mann, Community Development Director Brady, Community Services Director Sapp, Fire Chief Seabert, Police Chief Walsh, Finance Manager Magee and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None Requested. CONSENT CALENDAR MOVED BY KELLEY, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: (F:44.4) a. Regular Redevelopment Agency Meeting - September 28, 1999. b. Regular Redevelopment Agency Meeting - October 12, 1999. 2. Ratified Warrant List far September 30, 1999. (F:123) 3. Received and ordered filed the following Investment Reports: (F:12.5) a. July, 1999. b. August, 1999. PUBLIC COMMENTS - NON-AGENDIZED ITEMS Dick Knapp, City Treasurer, commented on the year end pay-out of $300,000 from the General Fund to get the Redevelopment Agency out of hock. He PAGE TWO - REDEVELOPMENT AGENCY MINUTES - OCT. 26,1999 indicated that he was hesitant on how it was accomplished and stressed the importance of getting the money back into the General Fund to allow for improvement of streets. He questioned the $14.68 million in debt transferred from the Stadium to the Lake and indicated that there will be an additional $300,000 nea~t year for Lake maintenance. He requested that Councilwoman Brinley admit that the bill was shifted to make herself and the department look good, but it was actually taking away from the "people's" General Fund. Executive Director Watenpaugh responded to the comments regarding the RDA by comparing its debt to a house loan. He explained that any time there is an opportunity to restructure debt for a lower interest rate, it make sense to do so. He confirmed that there had been loans to the Redevelopment Agency which the Council has previously addressed and will be discussing further at mid-year budget review. He e~lained that it would be a bookkeeping process and stressed that the funds are independently audited annually. Deputy Legal Counsel Mann concurred with Mr. Watenpaugh and noted that a Redevelopment Agency needs to incur a debt to have an entitlement to the related tax dollars and prevent dollars from going outside the Community. Chris Hyland, 15191 Wavecrest Drive, noted the announcement that the City found an extra $3 million and reiterated her past comments that the City had the funds all the time. She noted the recent fire station ribbon-cutting and questioned if the City and its staff were qualified to handle tax money since the City can't keep track of what it has. She questioned Mayor Kelley with regard to the School District and the hours taken off to act as Mayor, noting the cost of a substitute teacher. She indicated that it should be clear that the City Council is either incompetent or corrupt; and noted that the voters would decide the future of the City. Chairwoman Brinley noted statements made in July of this year, that staff was preparing a very conservative budget, but more revenue was anticipated. Executive Director Watenpaugh responded that the °found" money was due to conservative budgeting. He noted past decreases in assessed valuations of the community, but noted that it would probably be increasing again soon. He indicated that it would be irresponsible to project high revenues in a declining valuation time. He presented charts and explained the recent savings. He noted the budget proposal in June and the projected revenues; clarifying that with the completion of the field work and audit additional funds were identified. He detailed the additional funds including an additional $500,000 in sales t~ revenue, $500,000 in savings transferred from the increment, departmental savings in the 1998-99 budget and funds rolled over from the 1998-99 budget to address encumbered items, $900,000 in one time savings, FEMA reimbursements from past storms, State Compensation Insurance dividends, etc. He detailed the current reserves and anticipated reserves by the end of the fiscal year. He stressed the items which have already been paid and the ultimate remaining projected balance. Chairwoman Brinley requested clarification of the potential for making the RDA "debt free". Deputy Legal Counsel Mann reiterated that under Community PAGE THREE - REDEVELOPMENT AGENCY MINUTES - OCT. 26,1999 Redevelopment law, the Redevelopment Agency can only receive increment if it has debt; so if there were no debt the Agency would not be entitled to the monies, and other agencies would receive them. He further explained that the RDA issues debt, generates a pool of funds for projects and then is qualified to claim the t~ increment. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT MOVED BY SCHIFFNER, SECONDED BY METZE AND CARRIED BY UNANIMOUS VOTE TO ADJOURN THE REGULAR REDEVELOPMENT AGENCY MEETING AT 8 ATTEST: ~ VICHI KASAD, C ERK OF THE BOARD REDEVELOPMENT AGENCY REDEVELOPMENT AGENCY 1VIINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, NOVEMBER 23,1999 :~~~~x:~:~:~:~~:~~~~x:~~~**~~x:~~:~:~~:~~~:~~*~*:~~:~:~~*~~*~~:~:~~~:~~~~:~:~~~~~~:~~~~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairman Schiffner at 7:51 p.m. ROLL CALL PRESENT: BOARDMEMBERS: BRINLEY, KELLEY, PAPE, SCHIFFNER ABSENT: BOARDMEMBERS: NONE Also present were: Executive Director Watenpaugh, Assistant Executive Director Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS None requested. CONSENT CALENDAR Boardmember Schiffner pulled item number 3 so he could abstain from vote on that item. MOVED BY BRINLEY, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE BALANCE OF THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - November 9, 1999. (F:134.3) 2. Ratified the Warrant List for November 15, 1999 (F:12.3) ITEM PULLED FROM THE CONSENT CALENDAR Minor Design Review 99-7, For An Addition To First Lutheran Church of Lake Elsinore - APN 374-143- 017 &001. MOVED BY PAPE, SECONDED BY BRINLEY AND CARRIED BY A VOTE OF 3 TO 0 WITH SCHIFFNER ABSTAINING AND METZE ABSENT TO CONCUR WITH COUNCIL ACTION TO APPROVE THE PAGE TWO-REDEVELOPMENT AGENCY MINUTES-NOV. 23,1999 ABOVE LISTED MINOR DESIGN REVIEW. PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. No Comments. ADJOiTRNMENT THE REGULAR REDEVELOPMENT AGENCY MEETING WAS ADJOURNED AT 7:54 P.M. J/~? ROBERT L. SCHIF R, CHAIRMAN REDEVELOPMENT AGENCY AT ST: 2~:. VICKI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TiTESDAY, NOVEMBER 9,1999 x~::~~~~~~~:~:~~~~~x:~:~~~:~~~:~~~:~~~:~~**~:~~:~~~:~~x:~~x:~~~:~~~*:~~~*:~:~~~~*:~~~~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairwoman Brinley at 7:29 p .m. ROLL CALL PRESENT: BOARDMEMBERS: KELLEY, PAPE, SCHIFFNER, BRINt,EY ABSENT: BOARDMEMBERS: METZE Also present were: Executive Director Watenpaugh, Assistant Executive Director Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Fire Chief Seabert, Police Chief Walsh, City Engineer O'Donnell and Clerk of the Board Kasad. PUBLIC COMMENTS - AGENDIZED ITEMS No Comments. CONSENT CALENDAR MOVED BY SCHIFFNER, SECONDED BY KELLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: (F:134.3) a. Special Joint Redevelopment Agency Meeting - October 14, 1999. b. Regular Redevelopment Agency Meeting - October 26, 1999. 2. Ratified the following Warrant Lists: (F:12.3) a. October 14, 1999. b. October 28, 1999. PUBLIC COMMENTS - NON-AGENDIZED ITEMS No Comments. PAGE TWO - REDEVELOPMENT AGENCY MINUTES EXECUTIVE DIRECTOR COMMENTS No Comments. LEGAL COUNSEL COMMENTS No Comments. BOARDMEMBER COMMENTS No Comments. CLOSED SESSION None. ADJOURNMENT MOVED BY KELLEY, SECONDED BY PAPE AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO ADJOURN THE REGULAR REDEVELOPMENT AG Y MEETING AT 7:30 P.M. PAMELA B LEY, CHAIRW MAN REDEVELOPMENT AGENCY ATTEST: ~~~~~ VICKI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CITY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, DECEMBER 14,1999 ~~*:~~:~~~~~~:~:~~~~:~~~~~~~~~~~~:~~~:~~*~*:~~*~*:~~~~~~~~~:~~~*:~~~~:~~~~~~:~~ CALL TO ORDER The Regular Redevelopment Agency Meeting was called to order by Chairman Schiffner at 7:45 p.m. ROLL CALL PRESENT: BOARDMEMBERS: BRINLEY, KELLEY SCHIFFNER, PAPE ABSENT: BOARDMEMBERS: METZE Also present were: Executive Director Watenpaugh, Assistant City Manager Best, Legal Counsel Leibold, Administrative Services Director Boone, Community Development Director Brady, Community Services Director Sapp, Police Chief Walsh, City Treasurer Ferro and Deputy City Clerk Bryning. PUBLIC COMMENTS - AGENDIZED TTEMS None. CONSENT CALENDAR MOVED BY KELLEY, SECONDED BY BRINLEY AND CARRIED BY UNANIMOUS VOTE OF THOSE PRESENT TO APPROVE THE CONSENT CALENDAR AS PRESENTED. The following Minutes were approved: a. Regular Redevelopment Agency Meeting - November 23, 1999. (F:134.3) 2. Ratified Warrant List of November 30, 1999. (F:123) Received and ordered Filed the Investment Reports from September, 1999 and October, 1999. (F:12.5) 4. Received and ardered Filed the presentation of Fiscal Year 1998/99 Annual Audit and Financial Report. (F:24.1) PUBLIC COMMENTS - NON-AGENDIZED ITEMS John Seepe, 15631 Half Moon Drive, commented on the palms that are to be removed from Lakeshore Drive. He stated that he felt that Redevelopment was PAGE TWO - R.D.A. MINUTES - DECEMBER 14,1999 created to remove blight and not to cause blight. He stated that he felt that Lakeshore Drive was a scenic route and the worst thing that obstructed the view was the power line. He stated that rather than dealing with the power lines, the trees are being removed. He asked if anyone on staff has looked at Rule 20A, which provides money from Edison; suggested setting the trees back to save money. He stated that he felt that Council should consider long-term planning and not remove the trees. Chris Hyland, 15191 Wavecrest Drive, noted that the City went to Court with Cleveland Ridge and the City lost. She asked how much money the City has spent for attorney's for the frivolous lawsuit. She stated that the people of Cleveland Ridge, Meadowbrook and Wildomar do not want to be in the City of Lake Elsinore. She commented on the new street signs in her neighborhood and noted that Wavecrest is misspelled. EXECUTIVE DIRECTOR COMMENTS Executive Director Watenpaugh commented on the following: Noted that there are 33 trees to be removed on Lakeshore Drive. 2. Stated that it is $250 a linear foot to place the power lines underground. He further noted that if the power lines were to be placed underground it would have to be done twice, since the lines would have to be relocated when the street is widened. Explained that to relocate the trees, they would have to be moved on private property and this cannot be done without a gift of public funds and the City cannot do that. 4. He noted that staff did look into the potential for Rule 28, and it would provide very little funding. Stated that the City did not loose in Court, but rather won and Cleveland Ridge will have to do an EIR. LEGAL COUNSEL COMMENTS City Attorney Leibold commented on the following: The Redevelopment Agency is not a party to the recent LAFCO action. She noted that the action is court today, was a status conference hearing and LAFCO does have to file an EIR. BOARDMEMBER COMMENTS No Comments. PAGE THREE - R.D.A. MINUTES - DECEMBER 14,1999 CLOSED SESSION a. CONFERENCE WITH REAL PROPERTY NEGOTIATOR (Government Code Section 54956.18) Property: Assessor's Parcel Number 374-062-020 Negotiating Parties: Sonnenblick-Del Rio Real Estate Development and Redevelopment Agency of the City of Lake Elsinore. Under Negotiation: Price and Terms of Payment. THE REGULAR REDEVELOPMENT AGENCY MEETING WAS RECESSED AT 7:55 P.M. THE REDEVELOPMENT AGENCY RECONVENED AT 10:30 P.M. ADJOiIRNMENT THE REGULAR REDEVELOPMENT AGENCY MEETING WAS DECLARED ADJOURNED AT 10:30 P.M. ~~ ROBERT SCHIFFNER, CHAIRMAN REDEVELOPMENT AGENCY Respectfully submitted, ~ ~~~ A ria L. Bryning, Depu City lerk A EST: W~.~~ VICKI KASAD, CLERK OF THE BOARD REDEVELOPMENT AGENCY MINUTES REGULAR REDEVELOPMENT AGENCY MEETING CTTY OF LAKE ELSINORE 183 NORTH MAIN STREET LAKE ELSINORE, CALIFORNIA TUESDAY, DECEMBER 28,1999 ~~*~~:~~~:~~~:~~~~~:~~*~~~:~~~~~~~~~~~~~~~~~~~:~~:~~:~~~~~:~~~:~*~*:~~:~~~~~:~~ The Lake Elsinore Redevelopment Agency Meeting regularly scheduled for this date was cancelled, as a quorum of Redevelopment Agency Board Members was not able to attend. ATTEST: ~> , VICI~I SA , CLERK OF THE BOARD REDEVELOPMENT AGENCY CITY OF LAKE ELSINORE