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Home My WebLink AboutAGENDA - 01/25/2016 POSTED AGENDA ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MONDAY, JANUARY 25, 2016 — 1:30 P.M. ADMINISTRATIVE CONFERENCE ROOM- PALM DESERT CIVIC CENTER 73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260 This Oversight Board has been created pursuant to§34161 through 34190 of the Health and Safety Code for the sole purpose of overseeing the actions of the Successor Agency to the Palm Desert Redevelopment Agency. In accordance with Health and Safety Code§ 34179(h), all Oversight Board actions shall not be effective for five (5) business days, pending a request for review by the State Department of Finance ("Department"). In the event that the Department requests a review of a given Oversight Board action, it shall have 40 days from the date of its request to approve the Oversight Board action or return it to the Oversight Board for reconsideration, and such Oversight Board action shall not be effective until approved by the Department. In the event that the Department returns the Oversight Board action to the Oversight Board for reconsideration, the Oversight Board shall resubmit the modified action for Department approval,and the modified Oversight Board action shall not become effective until approved by the Department. Reports and documents relating to each of the following items listed on the agenda, including those received following posting/distribution, are on file in the Office of the Secretary to the Successor Agency to the Palm Desert Redevelopment Agency/Palm Desert City Clerk and are available for public inspection during normal business hours, Monday - Friday, 8:00 a.m. - 5:00 p.m., 73510 Fred Waring Drive, Palm Desert, CA 92260, telephone (760) 346-0611. Please contact the Office of the Secretary of the Successor Agency to the Palm Desert Redevelopment Agency, 73510 Fred Waring Drive, Palm Desert, CA 92260, (760) 346-0611, for assistance with access to any of the Agenda, Materials, or participation at the meeting. I. CALL TO ORDER II. ROLL CALL WELCOME New Oversight Board Member Ed Pack,Coachella Valley Water District- Division Two. III. ORAL COMMUNICATIONS A. Any person wishing to discuss any item not on the agenda may address the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency at this point by giving his/her name and address for the record. Remarks shall be limited to a maximum of three (3) minutes unless the Oversight Board authorizes additional time. B. This is the time and place for any person who wishes to comment on agenda items. It should be noted that at the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency's discretion,these comments may be deferred until such time on the agenda as the item is discussed. Remarks shall be limited to a maximum of three (3) minutes unless the Oversight Board authorizes additional time. POSTED AGENDA JANUARY 25, 2016 ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY IV. APPROVAL OF MINUTES A. MINUTES of the November 2, 2015, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Rec: Waive further reading and adopt Resolution No. OB - 136, approving Minutes of the November 2, 2015, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Action: V. NEW BUSINESS A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY. Rec: Waive further reading and adopt Resolution No. OB - 137, receiving and filing Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meetings of October 8, October 22, and November 12, 2015. Action: B. REQUEST FOR APPROVAL OF A SUPPLEMENTAL NON-HOUSING BOND PROCEEDS FUNDING AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY AND CITY OF PALM DESERT, AND TAKING CERTAIN RELATED ACTIONS (CONTRACT NO. SA34190A). Rec: Waive further reading and adopt Resolution No. OB - 138, approving execution of a Supplemental Non-Housing Bond Proceeds Funding Agreement between the Successor Agency and City, and taking certain related actions. Action: 2 POSTED AGENDA JANUARY 25, 2016 ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY C. REQUEST FOR APPROVAL OF FIRST AMENDMENT TO THE DISPOSITION AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY AND DESERT EQUITY GROUP, LLC, FOR PROPERTY LOCATED ON THE NORTH SIDE OF COUNTRY CLUB DRIVE, EAST OF PORTOLAAVENUE, PALM DESERT, CALIFORNIA(A.P.N.s 620-430- 024 AND 620-430-025), PROPERTY NO. 12(g) OF THE APPROVED LONG- RANGE PROPERTY MANAGEMENT PLAN (CONTRACT NO. SA34300). Rec: Waive further reading and adopt Resolution No. OB - 139, approving First Amendment to the Disposition Agreement between Successor Agency to the Palm Desert Redevelopment Agency and Desert Equity Group, LLC,for property located on the north side of Country Club Drive, east of Portola Avenue (APNs 620-430-024 and -025), Palm Desert, California, extending close of escrow to the outside date of October 15, 2016. Action: D. REQUEST FOR APPROVAL OF A PURCHASE AND SALE AGREEMENT BETWEEN THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY AND LuMAR, LP, FOR PROPERTY LOCATED AT 42455 WASHINGTON STREET, PALM DESERT, CALIFORNIA (A.P.N. 637-071-004), PROPERTY NO. 13 OF THE APPROVED LONG-RANGE PROPERTY MANAGEMENT PLAN (CONTRACT NO. SA34980). Rec: Waive further reading and adopt Resolution No. OB - 140, authorizing execution of a Purchase and Sale Agreement between the Successor Agency and LuMar, LP, for property located at 42455 Washington Street, Palm Desert, California (APN 637-071-004), Property No. 13 of the Approved Long-Range Property Management Plan. Action: E. REQUEST FOR APPROVAL OF THE PROPOSED ADMINISTRATIVE BUDGETS FOR THE SIX-MONTH FISCAL PERIODS FROM JULY 1 -DECEMBER 31,2016, AND FROM JANUARY 1 - JUNE 30, 2017. Rec: Waive further reading and adopt Resolution No. OB - 141, approving the Successor Agency's Administrative Budgets for the six-month periods of July 1 - December 31, 2016 ("Administrative Budget 16-17A") and from January 1 - June 30, 2017 ("Administrative Budget 16-17B"). Action: 3 POSTED AGENDA JANUARY 25, 2016 ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY F. REQUEST FOR APPROVAL OF A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2016, THROUGH JUNE 30, 2017, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 ("ROPS 16-17"). Rec: Waive further reading and adopt Resolution No. OB - 142, approving ROPS 16-17 for the period of July 1, 2016 - June 30, 2017. Action: VI. CONTINUED BUSINESS None VII. OLD BUSINESS None VIII. REPORTS AND REMARKS A. CHAIR B. MEMBERS OF THE OVERSIGHT BOARD C. SUCCESSOR AGENCY EXECUTIVE DIRECTOR IX. ADJOURNMENT Next regular Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency Meeting scheduled to be held Monday, February 1, 2016, at 1:30 p.m. However, in light of conducting this meeting one week prior, the February meeting will be canceled due to lack of agenda items. The subsequent meeting is scheduled to be held Monday, March 7, 2016, at 1:30 p.m. I hereby certify, under penalty of perjury under the laws of the State of California, that the foregoing agenda for the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Da -• this 13th day of January, 2016. , 1111111.14NPiikal. R. helle D. Klassen, Secr: ary of the Successor Agency to the Palm Desert Redevelopment Agency 4