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HomeMy WebLinkAboutPrelim - SA-RDA - 09/27/2018DRAFT �LA PRELIMINARY MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, SEPTEMBER 27, 2018 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Jonathan convened the meeting at 3:05 p.m. II. ROLL CALL Present: Director Jan C. Harnik Director Kathleen Kelly Director Gina Nestande Vice Chair Susan Marie Weber Chair Sabby Jonathan Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney Rachelle D. Klassen, Secretary Lori Carney, Director of Administrative Services Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Janet M. Moore, Director of Finance/City Treasurer Tom Garcia, Director of Public Works Stephen Y. Aryan, Risk Manager Eddy Moore, Division Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Andy Martinez, Admin. Sgt., Palm Desert Police/Riverside Co. Sheriff's Dept. Grace L. Rocha, Deputy City Clerk III. ADJOURN TO CLOSED SESSION Rec�uest for Closed Session: None PRELIMINARY MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING DRAF�° SEPTEMBER 27, 2018 With Successor Agency Board concurrence, Chair Jonathan adjourned the meeting to Closed Session of the City Council at 3:05 p.m. He reconvened the meeting at 4:12 p.m. IV. RECONVENE REGULAR MEETING - 4:00 P.M. A. REPORT ON ACTION FROM CLOSED SESSION. None V. AWARDS, PRESENTATIONS, AND APPOINTMENTS None VI. CONSENT CALENDAR A. MINUTES of the September 6, 2018, Regular Meeting of the Board of Directors of the Successor Agency to the Palm Desert Redevelopment Agency. Rec: Approve as presented. B. CLAIMS AND DEMANDS AGAINST SUCCESSOR AGENCY TREASURY - Warrants Dated 8/31 /2018 and 9/7/2018. Rec: Approve as presented. Upon motion by Harnik, second by Weber, and 5-0 vote of the Board of Directors of the Successor Agency (AYES: Harnik, Kelly, Nestande, Weber, and Jonathan; NOES: None), the Consent Calendar approved as presented. VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None � PRELIMINARY MiNUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING IX. NEW BUSINESS DRAFT SEPTEMBER 27, 2018 A. REQUEST FOR APPROVAL OF RECOMMENDED FIRMS TO BE PLACED ON A PRE-APPROVED LIST OF UNDERWRITERS/PLACING AGENTS FOR POTENTIAL FUTURE DEBT ISSUANCE OR REFUNDINGS (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL, PALM DESERT FINANCING AUTHORITY, AND PALM DESERT HOUSING AUTHORITY). Senior Management Anafyst Veronica Tapia stated that after the 2017 refunding, staff realized the underwriter's list was grossly delinquent. In order to update the list, staff requested qualifications from various firms and received six. Each firm was deemed qualified and staff is requesting that they be included in the list. In the event a financing opportunity presents itself, staff will come back and ask a subcommittee to choose a firm most qualified to do the deal. This item went to the Audit, Investment & Finance Committee and they approved it. Councilmember/Director Harnik moved to, by Minute Motion, approve the recommended firms to be included in a pre-approved list to provide underwriting and placement agent services for future debt issuance or refundings. Motion was seconded by Kelly and carried by a 5-0 vote (AYES: Harnik, Kelly, Nestande, Weber, and Jonathan; NOES: None). X. CONTINUED BUSINESS None XI. OLD BUSINESS None XII. PUBLIC HEARINGS None XIII. REPORTS, REMARKS, SUCCESSOR AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR None B. SUCCESSOR AGENCY COUNSEL None 3 PRELIMINARY MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING DRA�T SEPTEMBER 27, 2018 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Jonathan adjourned the meeting at 8:37 p.m. SABBY JONATHAN, CHAIR ATTEST: RACHELLE D. KLASSEN, SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 4