HomeMy WebLinkAbout022812 SARDA Action Minutes Joint with City Council ACTION MINUTES
of
FEBRUARY 28, 2012
City Council Chambers, 41000 Main Street, Temecula, California
JOINT SPECIAL MEETING OF TEMECULA CITY COUNCIL ACTING AS GOVERNING BODY
OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY AND
THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY
The Joint Special Meeting of the Temecula City Council Acting as Governing Body of the
Successor Agency to the Temecula Redevelopment Agency and the Board of Directors of the
Successor Agency to the Temecula Redevelopment Agency convened at 8:05 P.M.
CALL TO ORDER: Chairperson Washington
ROLL CALL: Board Members Comerchero, Edwards, Naggar, Roberts, Washington
SARDA PUBLIC COMMENTS
There were no public comments.
SARDA BUSINESS ITEMS
19 Desiqnation of the Successor Agencv to the Redevelopment Aqencv of the Citv of
Temecula under ABX1 26 (Part 1.85 of the Health and Safetv Code) and establishment
of rules and requlations for the operation of the Successor Aqency — Approved Staff
Recommendation (5-0-0) Director Naggar made the motion; it was seconded by
Director Comerchero; and electronic vote reflected unanimous approval.
RECOMMENDATION:
19.1 That the City Council Acting as the Governing Body for the Successor Agency to
the Temecula Redevelopment Agency adopt the following Resolution:
RESOLUTION NO. SARDA 12-01
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA
ACTING AS THE GOVERNING BODY FOR THE SUCCESSOR AGENCY TO
THE TEMECULA REDEVELOPMENT AGENCY PURSUANT TO PART 1.85
OF DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE
ESTABLISHING RULES AND REGULATIONS FOR THE OPERATIONS OF
THE SUCCESSOR AGENCY AS A NEW LEGAL ENTITY SEPARATE FROM
THE CITY AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH
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20 Actions by the Successor Aqencv to the Temecula Redevelopment AqencY under ABX1
26 (Part 1.85 of the Health and Safetv Code) to: (1) adopt an Enforceable Obligation
Pavment Schedule; (2) adopt a Recoqnized Obliqation Pavment Schedule; (3) authorize
Successor Aqency Investments in Local Aqency Investment Fund; (4) create a
Redevelopment Obliqation Retirement Fund — Approved Staff Recommendation
(5-0-0) Director Comerchero made the motion; it was seconded by Director
Roberts; and electronic vote reflected unanimous approval.
RECOMMENDATION:
20.1 The Board of Directors of the Successor Agency to the Temecula
Redevelopment Agency adopt a resolution entitled:
RESOLUTION NO. SARDA 12-02
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY ADOPTING AN
ENFORCEABLE OBLIGATION PAYMENT SCHEDULE PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN
ACTIONS IN CONNECTION THEREWITH
20.2 The Board of Directors of the Successor Agency to the Temecula
Redevelopment Agency adopt a resolution entitled:
RESOLUTION NO. SARDA 12-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A
DRAFT INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING
CERTAIN ACTIONS IN CONNECTION THEREWITH
20.3 The Board of Directors of the Successor Agency to the Temecula
Redevelopment Agency adopt a resolution entitled:
RESOLUTION NO. SARDA 12-04
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY AUTHORIZING
THE INVESTMENT OF MONEYS IN THE LOCAL AGENCY INVESTMENT
FUND OF THE STATE OF CALIFORNIA AND TAKING CERTAIN ACTIONS IN
CONNECTION THEREWITH
20.4 The Board of Directors of the Successor Agency to the Temecula
Redevelopment Agency adopt a resolution entitled:
z
RESOLUTION NO. SARDA 12-05
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY CREATING A
REDEVELOPMENT OBLIGATION RETIREMENT FUND PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34170.5 AND TAKING CERTAIN
ACTIONS IN CONNECTION THEREWITH
21 First Amendment to Owner Participation Aqreement and Grant Commitment between
the Successor Aaency to the Temecula Redevelopment Aaencv and Front Street
Partners, LLC, for the propertY located at the southwest corner of Old Town Front Street
and Third Street in Old Town - Approved Staff Recommendation (5-0-0) Director
Naggar made the motion; it was seconded by Director Edwards; and electronic
vote reflected unanimous approval.
RECOMMENDATION:
21.1 The Board of Directors of the Successor Agency to the Temecula
Redevelopment Agency adopt the following Resolution:
RESOLUTION NO. SARDA 12-06
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING
THE FIRST AMENDMENT TO THE OWNER PARTICIPATION AGREEMENT
AND GRANT COMMITMENT WITH FRONT STREET PARTNERS, LLC
ADJOURNMENT
At 8:14 P.M., the Joint Special Meeting of the Temecula City Council Acting as Governing Body
of the Successor Agency to the Temecula Redevelopment Agency and the Board of Directors of
the Successor Agency to the Temecula Redevelopment Agency meeting was formally
adjourned to Tuesday, March 13, 2012, 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. ' '
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Ch k as � n, Chairperson
ATTEST:
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Susan W Jones, MC
City CI /Board Se tary
[SEAL]
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