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090517 SARDA Action MinutesACTION MINUTES September 5, 2017 ' City Council Chambers, 41000 Main Street, Temecula, California SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY MEETING The Successor Agency to the Temecula Redevelopment Agency convened at 6:17 PM CALL TO ORDER: Chairperson Maryann Edwards ROLL CALL: DIRECTORS: Comerchero, Naggar, Rahn, Stewart, Edwards SARDA PUBLIC COMMENTS (None) SARDA CONSENT CALENDAR 13 Authorize the Successor Agency to the Temecula Redevelopment Agency to Execute and Deliver a Housing Bond Proceeds Funding Agreement — Approved Staff Recommendation (5-0) Motion by Comerchero; Second by Rahn; and electronic vote reflected approval by Comerchero, Naggar, Rahn, Stewart and Edwards. RECOMMENDATION: ' 13.1 That the Board of Directors adopt a resolution entitled: RESOLUTION NO. SARDA 17-03 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING THE SUCCESSOR AGENCY'S EXECUTION OF A HOUSING BOND PROCEEDS FUNDING AGREEMENT AND THE TAKING OF RELATED ACTIONS 14 Authorize the SuccessorAgency to the Temecula Redevelopment Agency to Execute and Deliver a 2007 Bond Proceeds Funding Agreement — Approved Staff Recommendation (5-0) Motion by Comerchero; Second by Rahn; and electronic vote reflected approval by Comerchero, Naggar, Rahn, Stewart and Edwards. RECOMMENDATION: 14.1 That the Board of Directors adopt a resolution entitled: RESOLUTION NO. SARDA 17-04 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA ' REDEVELOPMENT AGENCY APPROVING THE SUCCESSOR AGENCY'S EXECUTION OF A 2007 BOND PROCEEDS FUNDING AGREEMENT AND THE TAKING OF RELATED ACTIONS SARDA Action Minutes 090517 15 Authorize the Successor Agency to the Temecula Redevelooment Aqencv to Issue Bonds to Refinance Existing Tax Allocation Bonds of the Former Temecula Redevelopment Agency — Approved Staff Recommendation (5-0) Motion by Comerchero; Second by Rahn; and electronic vote reflected approval by Comerchero, Naggar, Rahn, Stewart and Edwards. RECOMMENDATION: 15.1 That the Board of Directors adopt a resolution entitled: RESOLUTION NO. SARDA 17-05 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING THE ISSUANCE OF REFUNDING BONDS IN ORDER TO REFUND CERTAIN OUTSTANDING BONDS OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA, APPROVING THE EXECUTION AND DELIVERY OF VARIOUS DOCUMENTS RELATING THERETO, REQUESTING OVERSIGHT BOARD APPROVAL OF THE ISSUANCE OF THE REFUNDING BONDS, REQUESTING CERTAIN DETERMINATIONS BY THE OVERSIGHT BOARD, AND PROVIDING FOR OTHER MATTERS PROPERLY RELATING THERETO SARDA EXECUTIVE DIRECTOR REPORT SARDA BOARD OF DIRECTORS REPORTS SARDA ADJOURNMENT At 6:20 PM, the Successor Agency to the Temecula Redevelopment Agency meeting was formally adjourned to Tuesday, September 26, 2017, at 5:30 PM, for a Closed Session, with regular session commencing at 7:00 PM, City Council Chambers, 41000 Main Street, Temecula, California. Maryann Edards, C air ' ATTE 7 Randi Johl, Secretary [SEAL] SARDA Action Minutes 090517