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Home My WebLink About022211 RDA Action Minutes ACTION MINUTES of FEBRUARY 22, 2011 City Council Chambers, 41000 Main Street, Temecula, California TEMECULA REDEVELOPMENT AGENCY MEETING The Temecula Redevelopment Agency Meeting convened at 7:39 P.M. CALL TO ORDER: Chair Person Mike Naggar ROLL CALL: AGENCY MEMBERS: Comerchero, Edwards, Washington, Roberts, Naggar RDA PUBLIC COMMENTS There were no public comments. RDA CONSENT CALENDAR 17 Action Minutes - Approved Staff Recommendation (4-0-1) Agency Member Comerchero made the motion; it was seconded by Agency Member Washington and electronic vote reflected approval with the exception of Agency Member Roberts who abstained RECOMMENDATION: 17.1 Approve the action minutes of February 8, 2011. 18 Approval of the 2010-11 Mid-Year Budget Adiustments - Approved Staff Recommendation (5-0-0) Agency Member Comerchero made the motion; it was seconded by Agency Member Washington and electronic vote reflected unanimous approval RECOMMENDATION: 18.1 -Adopt a resolution entitled: RESOLUTION NO. RDA 11-02 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA AMENDING THE FISCAL YEAR 2010-11 ANNUAL OPERATING BUDGETS RDA Action Minutes\022211 1 19 Grant Deed for the transfer of Aaencv owned property known as the Town SQUare Market Place from the Aaencv to the Citv of Temecula - Approved Staff Recommendation (4-0-1) Agency Member Comerchero made the motion; it was seconded by Agency Member Washington and electronic vote reflected unanimous approval RECOMMENDATION: 19.1 Approve the Grant Deed for the transfer of Agency owned property, known as the Town Square Market Place, from the Redevelopment Agency to the City of Temecula. RDA BUSINESS 20 Overview of Temecula Redevelopment Proqrams and Benefits of Redevelopment to the Communitv — received and filed RECOMMENDATION: 20.1 Receive and file. The following individuals addressed the Agency Members with regard to this item: • Kenneth Le • Jeff Kurtz RDA PUBLIC HEARING 21 Owner Participation Aqreement for a Mixed Use Affordable Housinq Development located at 28693 Old Town Front Street (APN: 922-046-010 & 011) - Approved Staff Recommendation (5-0-0) Agency Member Washington made the motion; it was seconded by Agency Member Roberts and electronic vote reflected unanimous approval RECOMMENDATION: 21.1 Adopt a resolution entitled: RESOLUTION NO. RDA 11-03 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA APPROVING AN OWNER PARTICIPATION AGREEMENT BETWEEN THE AGENCY AND FRONT STREET PLAZA PARTNERS, INC. FOR PROPERTY LOCATED AT 28693 OLD TOWN FRONT STREET, TEMECULA The following individuals addressed the Agency: � Marc Pascoe - Temecula • Tom Courbat - Murrieta RDA Action Minutes\022211 2 22 Owner Particiqation and Conditional Grant Aqreement between the Redevelopment Aqency of the Citv of Temecula and AMCAL Puiol Fund LP for the development of affordable housina located at 28673, 28681, and 28701 Pujol Street, Temecula, CA (APN: 922-062-003, 004, and 005Z- Approved Staff Recommendation (4-0-1) Agency Member Washington made the motion; it was seconded by Agency Member Comerchero and electronic vote reflected approval with the exception of Agency Member Edwards who abstained RECOMMENDATION: 22.1 Adopt a resolution entitled: RESOLUTION NO. RDA 11-04 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA APPROVING AN OWNER PARTICIPATION AND CONDITIONAL GRANT AGREEMENT BETWEEN THE AGENCY AND AMCAL PUJOL FUND LP A CALIFORNIA LIMITED PARTNERSHIP FOR PROPERTY LOCATED AT 28673, 28681, 28701 PUJOL STREET, TEMECULA JOINT CITY COUNCIL/REDEVELOPMENT PUBLIC HEARING 23 Fundinq Aqreement ("Aqreement") between the Redevelopment Aqencv of the City of Temecula and the Citv of Temecula for Certain Public Improvements to be owned bv the Citv within the Temecula Redevelopment Aqency Project Area RECOMMENDATION: 23.1 Adopt a resolution entitled: - Approved Staff Recommendation (4-0-1 j Council Member Comerchero made the motion; it was seconded by Mayor Roberts and electronic vote reflected approval with the exception of Council Member Edwards who abstained RESOLUTION NO. 11-20 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA MAKING CERTAIN FINDINGS FOR THE USE OF TAX INCREMENT FUNDS FOR THE CONSTRUCTION OF PUBLIC IMPROVEMENTS FOR THE CITY OF TEMECULA PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 AND APPROVING THE "FUNDING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA AND THE CITY . OF TEMECULA FOR CERTAIN PUBLIC IMPROVEMENTS TO BE OWNED BY THE CITY WITHIN THE TEMECULA REDEVELOPMENT PROJECT AREA" RDA Action Minutes\022211 3 23.2 Adopt a resolution entitled: - Approved Staff Recommendation (4-0-1) Agency Member Comerchero made the motion; it was seconded by Agency Member Roberts and electronic vote reflected approval with the exception of Agency Member Edwards who abstained RESOLUTION NO. RDA 11-05 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA MAKING CERTAIN FINDINGS FOR THE USE OF TAX INCREMENT FUNDS FOR THE CONSTRUCTION OF PUBLIC IMPROVEMENTS FOR THE CITY OF TEMECULA PURSUANT TO HEALTH AND SAFETY CODE SECTION 33445 AND APPROVING THE "FUNDING AGREEMENT BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA AND THE CITY OF TEMECULA FOR CERTAIN PUBLIC IMPROVEMENTS TO BE OWNED BY THE CITY WITHIN THE TEMECULA REDEVELOPMENT PROJECT AREA" Paul Jacobs — Temecula — addressed the Council/Agency with regard to this matter. JOINT CITY COUNCIL/REDEVELOPMENT AGENCY/TEMECULA PUBLIC FINANCING AUTHORITY BUSINESS 24 Issuance of Tax Allocation Bonds by the Redevelopment Aqency of the Citv of Temecula, Temecula Redevelopment Proiect No. 1, Tax Allocation Housinq Bonds, 2011 Series A RECOMMENDATION: 24.1 That the City Council adopt a resolution entitled: - Approved Staff Recommendation (5-0-0) Council Member Comerchero made the motion; it was seconded by Mayor Roberts and electronic vote reflected unanimous approval RESOLUTION NO. 11-21 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA APPROVING THE ISSUANCE BY THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA OF 2011 TAX ALLOCATION HOUSING BONDS 24.2 That the Redevelopment Agency adopt a resolution entitled: - Approved Staff Recommendation (5-0-0) Agency Member Comerchero made the motion; it was seconded by Agency Member Roberts and electronic vote reflected unanimous approval RESOLUTION NO. RDA 11-06 A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA AUTHORIZING THE ISSUANCE AND SALE OF 2011 TAX ALLOCATION HOUSING BONDS, AND APPROVING RELATED DOCUMENTS AND ACTIONS RDA Action Minutes\022211 4 24.3 That the Authority adopt a resolution entitled: - Approved Staff Recommendation (5-0-0) Director Comerchero made the motion; it was seconded by Chair Person Roberts and electronic vote reflected unanimous approval RESOLUTION NO. TPFA 11-02 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA PUBLIC FINANCING AUTHORITY AUTHORIZING THE PURCHASE AND SALE OF 2011 TAX ALLOCATION HOUSING BONDS OF THE REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA, AND APPROVING OTHER MATTERS RELATED THERETO . RDA EXECUTIVE DIRECTORS REPORT RDA AGENCY MEMBERS REPORTS RDA ADJOURNMENT At 9:21 P.M., the Temecula Redevelopment Agency meeting was formally adjourned to Tuesday, March 8, 2011, at 5:30 P.M., for a Closed Session, with regular session commencing at 7:00 P.M., in the City Council Chambers, 41000 Main Street, Temecula, California. ` �� Michae S. Naggar, Chair Person ATTEST: / l.v • Susan . Jon s, MMC ' Cle k/Agen Secretary [SEAL] RDA Action Minutes\022211 5