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Home My WebLink About061119 SARDA Action Minutes ACTION MINUTES SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY MEETING COUNCIL CHAMBERS 41000 MAIN STREET TEMECULA,CALIFORNIA JUNE 11,2019 CALL TO ORDER at 8:26 PM: Chair Mike Naggar ROLL CALL: Edwards, Rahn, Schwank, Stewart, Naggar SARDA PUBLIC COMMENTS None SARDA CONSENT CALENDAR 15. Approve the Third Amendment to the Disposition and Development Agreement for the Town Square Marketplace Development Between the Successor Agency to the Temecula Redevelopment Agency,the City of Temecula, and Town Square Marketplace Old Towns LLC. Located at APNs 922-360-004, 005, 006, 007 Recommendation: That the Board of Directors adopt a resolution entitled: RESOLUTION NO. SARDA 19-03 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING THE THIRD AMENDMENT TO THE DISPOSITION AND DEVELOPMENT AGREEMENT BY AND AMONG THE CITY OF TEMECULA, SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY,AND TOWN SQUARE MARKETPLACE OLD TOWN, LLC CONVEYING APPROXIMATELY ONE ACRE OF PROPERTY LOCATED ON MAIN STREET WEST OF MERCEDES STREET Approved the Staff Recommendation(4-0,Naggar abstain): Motion by Rahn, Second by Edwards. The electronic vote reflected unanimous approval with Naggar abstaining. Chair Naggar abstained from this item. There was a potential conflict of interest for him with respect to the principal of the buyer, Mr. Truax, although it turned out not to be a conflict. In the abundance of caution, Chair Naggar elected not to participate in order to avoid the appearance of impropriety. Since both the City Council and Successor Agency items are on the Consent Calendar,he did not need to leave the dais unless the item was removed from the Consent Calendar which it was not and his abstention is reflected in the vote. SARDA EXECUTIVE DIRECTOR REPORT SARDA BOARD OF DIRECTOR REPORTS SARDA ADJOURNMENT At 8:28 PM,the Successor Agency to the Temecula Redevelopment Agency meeting was formally adjourned to Tuesday, June 25,2019, at 5:30 PM for a Closed Session,with a regular session commencing at 7:00 PM, City Council Chambers, 41000 Main Street, Temecula, California. L-ct-a'eNaggar, Chair ATT • Ran ' , Secretary [SEAL] 2