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Home My WebLink AboutRes OB-149 (2)RESOLUTION NO. OB - 149 A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, APPROVING AUGUST 1, 2016, REGULAR MEETING MINUTES RECITALS: A. Pursuant to Health and Safety Code Section 34179(3), all actions taken by the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency (the "Oversight Board") shall be adopted by resolution. B. There has been presented to this Oversight Board for approval Minutes of its August 1, 2016, Regular Meeting. NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY HEREBY FINDS, DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS: Section 1. The above recitals are true and correct and are a substantive part of this Resolution. Section 2. The Oversight Board hereby approves Minutes of the August 1, 2016, Regular Meeting, which are made a part hereof and attached hereto as "Exhibit `A'." Section 3. The staff of the Successor Agency is hereby directed to provide the State Department of Finance ("DOF") written notice and information regarding the action taken by the Oversight Board in Section 2 of this Resolution. Such notice and information shall be provided by electronic means and in a manner of DOF's choosing. Section 4. The officers of the Oversight Board and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things that they may deem necessary or advisable to effectuate this Resolution. PASSED, APPROVED, AND ADOPTED this day of . 2016. AYES: NOES: ABSENT: ABSTAIN: ATTEST: ROBERT A. SPIEGEL, CHAIR .41 p BY OVERSIaI- T BOARD AeLs2,:! ON Q -�� -- RACHELLE D. KLASSEN, SECRETARY RIFTED B OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY Original on file with City Clerk's Office RESOLUTION NO. OB - 149 EXHIBIT A OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MINUTES August 1, 2016, Regular Meeting RESOLUTION NO. OB-149 DRAFT PRELIMINARY MINUTES DRAFT REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MONDAY, AUGUST 1, 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 clays 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. I. CALL TO ORDER Chair Spiegel convened the meeting at 1:30 p.m. II. ROLL CALL Present: Vice Chair Heather Buck (Palm Desert RDA former Employee) Member Ed Pack (representing Coachella Valley Water District) Member Anna Rodriguez (representing Riverside County Board of Supervisors) Member Ken Stendell (representing Fourth District, Riverside County) Chair Robert A. Spiegel (Mayor, City of Palm Desert) Absent: Member Wendy Jonathan (DSUSD, representing Riverside County Office of Education) Member Joel Kinnamon (COD, representing Chancellor of California Comm. Colleges) Also Present: Justin McCarthy, Interim Executive Director, Successor Agency -Palm Desert RDA Jim Grayson, Richards, Watson & Gershon, Successor Agency Counsel Rudy P. Acosta, Assistant City Manager Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Mark Greenwood, Director of Public Works J. Luis Espinoza, Assistant Finance Director David Hermann, Senior Management Analyst/P.I.O. Veronica Tapia, Management Analyst II Rachelle D. Klassen, Secretary, Successor Agency -Palm Desert RDA RESOLUTION NO. OB-149 PRELIMINARY MINUTES DRAFT AUGUST 1, 2016 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY WELCOME New Oversight Board Member Ken Stendell, Riverside County Fourth District Supervisor Appointee. Chair Spiegel officially welcomed Member Stendell to the Oversight Board, who was sworn in moments before today's meeting was called to order. III. ORAL COMMUNICATIONS None IV. APPROVAL OF MINUTES A. MINUTES of the April 4, 2016, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Member Buck moved to waive further reading and adopt Resolution No. OB - 146, approving Minutes of the April 4, 2016, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Motion was seconded by Member Rodriguez and carried by 4-0-1 vote (AYES: Buck, Pack, Rodriguez, and Spiegel; NOES: None; ABSTAINING: Stendell; ABSENT: Jonathan and Kinnamon). V. NEW BUSINESS A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY. Member Buck moved to waive further reading and adopt Resolution No. OB - 147, receiving and filing Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meetings of March 10, March 24, April 14, April 28, May 12, May 26, June 9, and June 30, 2016. Motion was seconded by Member Pack and carried by 5-0 vote (AYES: Buck, Pack, Rodriguez, Stendell, and Spiegel; NOES: None; ABSENT: Jonathan and Kinnamon). B. REQUEST FOR APPROVAL OF A PURCHASE AND SALE AGREEMENT (PSA) WITH LEWIS LAND DEVELOPERS, LLC, TO SELL THE SUCCESSOR AGENCY -OWNED PROPERTY KNOWN AS "THE 128-ACRE SITE," LOCATED GENERALLY SOUTH OF GERALD FORD DRIVE AND EAST WEST OF PORTOLA AVENUE (CONTRACT NO. SA35570A). Staff first provided a brief update regarding the Successor Agency's property disposition process overall, pursuant to the approved Long -Range Property Management Plan. The update was followed by an overview of the printed staff report provided in the agenda packets regarding request for approval for sale of 2 RESOLUTION NO. OB-149 PRELIMINARY MINUTES DRAFT AUGUST 1, 2016 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY the subject 128-acre site. Staff called attention to and handed out an updated Purchase and Sale Agreement from that which was provided in the packets, noting the following: — Page 1, Section F - Added today's meeting date. — Page 2, Section 2 - DEPOSIT - included name of escrow officer being Foresite Escrow, 41995 Boardwalk, Palm Desert, CA. — Page 4, Section 6 - TITLE - included name of title company as Lawyer's Title/Commonwealth Land, Riverside, CA. — Page 6, Section D - Affordable Housing Integration Requirements - clarified language that developer will be required to adhere to the City's General Plan and Zoning Requirements. Board Members asked for preliminary details on the proposed development to occur on the site, and staff and Mr. Bill Hoover, representing the Lewis Companies, provided responses, noting that it was very early in the process to provide specifics, but gave general information. Further, it was observed that there was a typographical error on the staff report and agenda, indicating that the property was "East of Portola Avenue," but was actually West of Portola Avenue. Therefore, staff was directed to make the appropriate correction in the minutes and follow-up actions. Member Pack moved to waive further reading and adopt Resolution No. OB - 148. authorizing the Executive Director to make non -substantive changes and execute a Purchase and Sale Agreement with Lewis Land Developers, LLC, at fair market value for the sale of Successor Agency -owned property known as the 128-Acre Site (APNs 694-300-001, -002, -005, -014, -015 / 694-310-002, -003, -006) after approval has been received from the State Department of Finance. Motion was seconded by Member Rodriguez and carried by 5-0 vote (AYES: Buck, Pack, Rodriguez, Stendell, and Spiegel; NOES: None; ABSENT: Jonathan and Kinnamon). VI. CONTINUED BUSINESS A. MINUTES OF THE NOVEMBER 2, 2015, REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY (Continued from the meetings of January 25 and April 4, 2016). Due to there being less than a quorum present to vote in favor of approving the November 2, 2015, Regular Oversight Board Meeting Minutes (requiring four[4] Members voting in favor), with Oversight Board concurrence, this item was continued to the next meeting. 3 RESOLUTION NO. OB-149 PRELIMINARY MINUTES DRAFT AUGUST 1, 2016 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY VII. OLD BUSINESS None VIII. REPORTS AND REMARKS A. CHAIR None B. MEMBERS OF THE OVERSIGHT BOARD None C. SUCCESSOR AGENCY EXECUTIVE DIRECTOR 1. Mr. McCarthy reported staff had been looking at a number of outstanding Successor Agency bonds to see if any were eligible for refunding, of which approximately $75 million has been identified at this time. He anticipated the matter being discussed further with the City's financial advisors, followed by, at least in an informational format, coming before the Oversight Board probably in September or October. 2. Upon Chair Spiegel's making note of the next regularly scheduled meeting, which would be Monday, September 5 (Labor Day), staff indicated that if a meeting is necessary, it would be in touch with Board Members to find a mutually acceptable alternative date. IX. ADJOURNMENT With Oversight Board concurrence, Chair Spiegel adjourned the meeting at 1:50 p.m. ROBERT A. SPIEGEL, CHAIR ATTEST: RACHELLE D. KLASSEN, SECRETARY OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 4