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HomeMy WebLinkAboutRes OB-162 (2)RESOLUTION NO. OB -162 A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, RECEIVING AND RILING MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETINGS OF JANUARY 12, JANUARY 26, FEBRUARY 9, FEBRUARY 23, MARCH 9, MARCH 23, APRIL 13, APRIL 27, MAY 11, MAY 25, AND JUNE 8, 2017 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, receiving and filing of Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meetings of January 12, January 26, February 9, February 23, March 9, March 23, April 13, April 27, May 11, May 25, and June 8, 2017. 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 receiving and filing Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meetings of January 12, January 26, February 9, February 23, March 9, March 23, April 13, April 27, May 11, May 25, and June 8, 2017, 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 AYES: .I �71fo�/ $y OVER IGHT Isonzo BOAD �d �' �� Z NOES: ONE i1 -1 O - 2 -r011 ABSENT: VERIFIED B ; _ � ABSTAIN: Original on file with City Clerl$s Office ATTEST: 2017. Ab tJt) ROBERT A. SPIEGEL, CHAIR RACHELLE D. KLASSEN, SECRETARY OVERSIGHT BOARD OF THE SUCCESSOR AGENCY RESOLUTION NO. OB - 162 TO THE PALM DESERT REDEVELOPMENT AGENCY EXHIBIT A SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MINUTES January 12, 2017 January 26, 2017 February 9, 2017 February 23, 2017 March 9, 2017 March 23, 2017 April 13, 2017 April 27, 2017 May 11, 2017 May 25, 2017 June 8, 2017 2 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, JANUARY 12, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:00 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attomey Rudy P. Acosta, Assistant City Manager Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Bo Chen, City Engineer Stephen Y. Aryan, Risk Manager John Cortez, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Lt. Coby Webb, Acting Asst. Chief, Palm Desert Police/Riverside Co. Sheriffs Dept. Grace L. Mendoza, Deputy City Clerk Chair Hamik noted that there was an agenda item to be added to today's Successor Agency Board agenda by four -fifths vote under Section VIII - Resolutions, Item A, and she asked for her colleagues' consideration of taking such an action at this time. RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 12, 2017 Mr. Hargreaves added that the matter came to the attention of the Successor Agency after the agenda was posted and requires urgent action, which would provide the basis for adding it to today's proceedings. Upon a motion by Weber, second by Kelly, and 5-0 vote of the Successor Agency Board (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), Resolution No. SA -RDA 063 was added to the agenda under Section VIII - Resolutions, Item A. (Please see that portion of the minutes for resulting deliberation and action.) III. ADJOURN TO CLOSED SESSION Request for Closed Session: None With Successor Agency Board concurrence, Chair Harnik adjoumed the meeting to Closed Session of the City Council at 3:02 p.m. She reconvened the meeting at 4:01 p.m. Note: Vice Chair Jonathan left at 3:48 p.m. and was absent for the remainder of this meeting. 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 December 8 and December 22, 2016, Regular Meetings 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 12/2/2016, 12/9/2016, 12/14/2016, 12/16/2016, and 12/23/2016. Rec: Approve as presented. 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 12, 2017 C. COMPLIANCE ANALYSIS AND INVESTMENT REPORTS for the Month of October 2016 (Joint Consideration with the Palm Desert City Council). Rec: Receive and file. Upon a motion by Weber, second by Kelly, and 4-0 vote of the Board of Directors of the Successor Agency (AYES: Kelly, Nestande, Weber, and Harnik; NOES: None; ABSENT: Jonathan), the Consent Calendar was approved as presented VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS NOTE: THE FOLLOWING ITEM WAS ADDED TO THE AGENDA BY FOUR -FIFTHS VOTE AT THE CONVENING OF TODAY'S REGULAR MEETING. A. RESOLUTION NO. SA -RDA 063 - A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, CLARIFYING THE PROVISIONS OF SECTION 8 OF ITS RESOLUTION NO. SA -RDA 061 AND SECTION 8 OF ITS RESOLUTION NO. SA -RDA 062, WHICH RESOLUTIONS AUTHORIZED THE EXECUTION AND DELIVERY OF DOCUMENTS IN CONNECTION WITH THE SUCCESSOR AGENCY'S ISSUANCE OF TAX ALLOCATION REFUNDING BONDS. Ms. Moore stated that when the Agency originally approved the refunding of the debt for the former Redevelopment Agency, staff listed most of the bond issues. However, in the final review, staff was tasked with getting the best economic benefit out of that refunding. Therefore, one of the issues was used to purchase property that at one point was to be considered for public parking, but that is no longer the case based on the dissolution of redevelopment. It makes more sense to wait to refund that issue until that property has been sold. When reviewing the Resolution, staff noticed it wasn't exactly defined the way Legal Counsel would have defined it, so staff is asking to modify that section in this Resolution. Director Kelly moved to waive further reading and adopt Resolution No. SA-DA 063. Motion was seconded by Nestande and carried by a 4-0 vote (AYES: Kelly, Nestande, Weber, and Harnik; NOES: None; ABSENT: Jonathan). IX. NEW BUSINESS None 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 12, 2017 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 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned this meeting at 5:36 p.m. in honor and memory of Supervisor John J. Benoit, a great friend to each individual and to the Coachella Valley community, whose laughter, and especially his passion for service, will be greatly missed. ATTEST: RAV`� -• I'_"LCE D. KLASSEN;$ECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY AN C. HARNIK, CHAIR 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, JANUARY 26, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:02 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney Rudy P. Acosta, Assistant City Manager Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Stephen Y. Aryan, Risk Manager John Cortez, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Anthony Baur, Asst. Chief, Palm Desert Police/Riverside Co. Sheriffs Department Sgt. David Adams, Palm Desert Police/Riverside Co. Sheriffs Department Grace L. Mendoza, Deputy City Clerk III. ADJOURN TO CLOSED SESSION Request for Closed Session: None RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 26, 2017 With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council at 3:04 p.m. She reconvened the meeting at 4:02 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 January 12, 2017, 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 1/6/2017 and 1/13/2017. Rec: Approve as presented. Upon a motion by Kelly, second by Weber, and 5-0 vote of the Board of Directors of the Successor Agency (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS A. RESOLUTION NO. SA -RDA 064 - A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, APPROVING PROPOSED ADMINISTRATIVE BUDGETS FOR THE SIX-MONTH PERIODS FROM JULY 1, 2017, THROUGH DECEMBER 31, 2017 ("ADMINISTRATIVE BUDGET 17-18A"), AND FROM JANUARY 1, 2018, THROUGH JUNE 30, 2018 ("ADMINISTRATIVE BUDGET 17-18B"), AND TAKING CERTAIN RELATED ACTIONS. Senior Management Analyst Veronica Tapia stated that as part of Dissolution Law, the City is required to submit a Recognized Obligation Payment Schedule (ROPS) informing the State the money it will need for the upcoming year to satisfy outstanding 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 26, 2017 debts. Part of that includes an Administrative Allowance, which can be the greater of $250,000 or 3% of the total Redevelopment Property Tax Trust Fund (RPTTF) Deposit. This year that calculations comes out to the 3%, therefore, $1.1 million is being requested to be included in the ROPS. Director Nestande moved to waive further reading and adopt Resolution No. SA -RDA 064. Motion was seconded by Weber and carried by a 5-0 vote (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None). B. RESOLUTION NO. SA -RDA 065 - A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2017, THROUGH JUNE 30, 2018, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177, AND TAKING CERTAIN RELATED ACTIONS CROPS 17-18"). Senior Management Analyst Veronica Tapia stated that as part of Dissolution Law, a Recognized Obligation Payment Schedule is required. Staff is also required to submit the ROPS to the Oversight Board, which will go before that Board on Monday for their approval as well. The difference between Fiscal Year 2016/2017 and 2017/2018, is the refinancing of all the bonds. The Board may expect a Si million reduction to the request, however, because of how the calculations work out, staff is able to request a larger reimbursement of the SERAF (Supplemental Education Revenue Augmentation Fund) Loan, which is how it will filter through. Therefore, we'll get a greater reimbursement through SERAF, which will actually accelerate the repayment of the City Loan, which is another plus of refunding the debt. In essence, complete for Fiscal Year 2017-2018, the Board will be requesting a $39.3 million for the year. Responding to question, Ms. Moore explained that SERAF was a payment to the State to augment when they were not able to meet their obligation to make the schools whole and that was a shift to the State for that purpose. Director Nestande moved to waive further reading and adopt Resolution No. SA -RDA 065. Motion was seconded by Weber and carried by a 5-0 vote (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None). IX. NEW BUSINESS None X. CONTINUED BUSINESS None 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 26, 2017 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 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 5:15 p.m. ATTEST: RA LLE D. LASSEN; SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY JAN C. HARNIK, CHAIR 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, FEBRUARY 9, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:00 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber (left the meeting at 5:31 p.m.) Chair Jan C. Harnik Also Present: Rudy P. Acosta, Acting Executive Director Robert W. Hargreaves, City Attorney Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Bo Chen, City Engineer Stephen Y. Aryan, Risk Manager Dan Talbot, Deputy Chief, County Fire Department/Cal Fire Eddy Moore, Division Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire David W. Teets, Chief, Palm Desert Police/Riverside Co. Sheriffs Department Anthony Baur, Asst. Chief, Palm Desert Police/Riverside Co. Sheriffs Department Grace L. Mendoza, Deputy City Clerk RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING III. ADJOURN TO CLOSED SESSION Request for Closed Session: None FEBRUARY 9, 2017 With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council at 3:01 p.m. She reconvened the meeting at 4:00 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 January 26, 2017, 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 1/20/2017 and 1/27/2017. Rec: Approve as presented. C. COMPLIANCE ANALYSIS AND INVESTMENT REPORTS for the Months of November and December 2016 (Joint Consideration with the Palm Desert City Council). Rec: Receive and file. Approved 5-0 (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None). Upon a motion by Kelly, second by Nestande, and 4-0 vote of the Board of Directors of the SuccessorAgency(AYES: Jonathan, Kelly, Nestande, and Harnik; NOES: None; ABSENT: Weber), with the exception of Item C, the remainder of the Consent Calendar was approved as presented. 2 a RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING FEBRUARY 9, 2017 VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS 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 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING FEBRUARY 9, 2017 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 5:44 p.m. ATTEST: RAHELLE D. KLASSEN, SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY %/JAN C. HARNIK, CHAIR 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, FEBRUARY 23, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:05 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney Rudy P. Acosta, Assistant City Manager Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Bo Chen, City Engineer Stephen Y. Aryan, Risk Manager Cortez, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Lt. Coby Webb, Acting Asst. Chief, Palm Desert/Riverside Co. Sheriffs Department Grace L. Mendoza, Deputy City Clerk III. ADJOURN TO CLOSED SESSION Request for Closed Session: RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING A. FEBRUARY 23, 2017 Conference with Real Property Negotiator pursuant to Government Code Section 54956.8: 1) Property: 73697 Santa Rosa Way (APN 627-102-024), Palm Desert Negotiating Parties: Agency: Lauri Aylaian/Rudy P. Acosta/Martin Alvarez/ Successor Agency to the Palm Desert Redevelopment Agency Property Owner: Successor Agency to the Palm Desert Redevelopment Agency Under Negotiation: x Price x Terms of Payment With Successor Agency Board concurrence, Chair Hamik adjourned the meeting to Closed Session at 3:07 p.m. She reconvened the meeting at 4:00 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 February 9, 2017, 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 2/3/2017 and 2/10/2017. Rec: Approve as presented. Upon a motion by Weber, second by Nestande, and 5-0 vote of the Board of Directors of the Successor Agency (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING FEBRUARY 23, 2017 IX. NEW BUSINESS 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 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 5:35 p.m. ATTEST: RACI-t'ELLE D. KLASS'EYd SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY -ft'G&4' JAN C. HARNIK, CHAIR 3 RESOLUTION NO. OB - 162 [THIS PAGE LEFT INTENTIONALLY BLANK.] RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, MARCH 9, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:00 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney Rudy P. Acosta, Assistant City Manager Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Bo Chen, City Engineer Stephen Y. Aryan, Risk Manager Eddy Moore, Division Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire John David W. Teets, Chief, Palm Desert Police/Riverside Co. Sheriff's Department Lt. Coby Webb, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept. Grace L. Mendoza, Deputy City Clerk RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING III. ADJOURN TO CLOSED SESSION Reauest for Closed Session: MARCH 9, 2017 A. Conference with Real Property Negotiator pursuant to Government Code Section 54956.8: 1) Property: 73697 Santa Rosa Way (APN 627-102-024), Palm Desert Negotiating Parties: Agency: Lauri Aylaian/Rudy P. Acosta/Martin Alvarez/ Successor Agency to the Palm Desert Redevelopment Agency Property Owner: Successor Agency to the Palm Desert Redevelopment Agency Under Negotiation: x Price x Terms of Payment 2) Property: Desert Willow Lot Pads - APNs 620-450-012, -014; 620-450-016, -018, -020; 620-370-002, -004, -017, -018, -020, -033, -043; 620-400-025, and -026 Negotiating Parties: Agency: Lauri Aylaian/Rudy P. Acosta/ Martin Alvarez/City of Palm Desert/Successor Agency to the Palm Desert Redevelopment Agency Property Owner: Successor Agency to the Palm Desert Redevelopment Agency Under Negotiation: x Price x Terms of Payment With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council and Successor Agency at 3:01 p.m. She reconvened the meeting at 4:01 p.m. IV. RECONVENE REGULAR MEETING - 4:00 P.M. A. REPORT ON ACTION FROM CLOSED SESSION. None V. AWARDS, PRESENTATIONS, AND APPOINTMENTS None 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING VI. CONSENT CALENDAR MARCH 9, 2017 A. MINUTES of the February 23, 2017, 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 - Warrant Dated 2/17/2017. Rec: Approve as presented. Upon a motion by Weber, second by Nestande, and 5-0 vote of the Board of Directors of the Successor Agency (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS None X. CONTINUED BUSINESS None XI. OLD BUSINESS None XII. PUBLIC HEARINGS None 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MARCH 9, 2017 XIII. REPORTS, REMARKS, SUCCESSOR AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR None B. SUCCESSOR AGENCY COUNSEL None C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 5:51 p.m. ATTEST: RACLL E KLTA-S—SENECRET RY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY L-' 1/ JAN C. HARNIK, CHAIR 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, MARCH 23, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:05 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney Rudy P. Acosta, Assistant City Manager Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Frankie Riddle, Director of Special Programs Bo Chen, City Engineer Stephen Y. Aryan, Risk Manager Lt. Coby Webb, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Department Sgt. Michael Gaunt, Palm Desert Police/Riverside Co. Sheriff's Department Grace L. Mendoza, Deputy City Clerk RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING III. ADJOURN TO CLOSED SESSION Request for Closed Session: MARCH 23, 2017 A. Conference with Legal Counsel regarding existing litigation pursuant to Government Code Section 54956.9(d)(1): 1) City of Palm Springs v. All Persons Interested, etc., et al., Riverside County Superior Court, Case No. INDIO 51124 With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council and Successor Agency at 3:07 p.m. She reconvened the meeting at 4:03 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 March 9, 2017, 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 2/8/2017, 3/3/2017, and 3/10/2017. Rec: Approve as presented. Upon motion by Kelly, second by Nestande, and 5-0 vote of the Board of Directors of the Successor Agency, the Consent Calendar was approved as presented (Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None). 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS None X. CONTINUED BUSINESS None XI. OLD BUSINESS None MARCH 23, 2017 XII. PUBLIC HEARINGS None XIII. REPORTS, REMARKS, SUCCESSOR AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR None B. SUCCESSOR AGENCY COUNSEL None 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MARCH 23, 2017 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 6:50 p.m. ATTEST: 1 RA'" ELLr D. KLASSEN, S" CRETARY SUCCESSOR AGENCY TO THE J PALM DESERT REDEVELOPMENT AGENCY JAN C. HARNIK, CHAIR 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, APRIL 13, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:07 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney William W. Strausz, Successor Agency Counsel Rudy P. Acosta, Assistant City Manager Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Stephen Y. Aryan, Risk Manager Lt. John Shields, Acting Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept. Grace L. Mendoza, Deputy City Clerk III. ADJOURN TO CLOSED SESSION Request for Closed Session: RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING APRIL 13, 2017 A. Conference with Real Property Negotiator pursuant to Government Code Section 54956.8: 1) Property: Desert Willow Lot Pads - APNs 620-450-011 - 018, -020, -021; 620-370-002, -004, -017, -018, -020, -033, -043; 620-400-008, -010, -025, -026 Negotiating Parties: Agency: Lauri Aylaian/Martin Alvarez/Successor Agency to the Palm Desert Redevelopment Agency Property Owner: Successor Agency to the Palm Desert Redevelopment Agency Under Negotiation: x Price x Terms of Payment With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council, Successor Agency, and Housing Authority at 3:09 p.m. She reconvened the meeting at 4:05 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 March 23, 2017, 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 2/8/2017, 3/17/2017, 3/24/2017, and 3/31/2017. Rec: Approve as presented. Upon motion by Kelly, second by Nestande, and 5-0 vote of the Board of Directors of the Successor Agency (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS None X. CONTINUED BUSINESS None XI. OLD BUSINESS None XII. PUBLIC HEARINGS None APRIL 13, 2017 XIII. REPORTS, REMARKS, SUCCESSOR AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR Ms. Aylaian apologized for the length and weight of the agenda, promising to provide snacks the next time it happens. SUCCESSOR AGENCY COUNSEL None 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT APRIL 13, 2017 With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 7:55 p.m. ATTEST: 'JAN C. HARNIK, CHAIR RACELLE D. KLASSE ECRETARY 1 SUCCESSOR AGENCY TO THE J PALM DESERT REDEVELOPMENT AGENCY 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, APRIL 27, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:05 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney Rachelle D. Klassen, Secretary Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Lori Carney, Director of Human Resources Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Bo Chen, City Engineer Stephen Y. Aryan, Risk Manager Eric Cadden, ESC, County of Riverside Emergency Management Department Lt. Coby Webb, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept. Sgt. Michael Gaunt, Palm Desert Police/Riverside Co. Sheriff's Department Grace L. Mendoza, Deputy City Clerk RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING III. ADJOURN TO CLOSED SESSION Request for Closed Session: None APRIL 27, 2017 With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council at 3:06 p.m. She reconvened the meeting at 4:00 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 April 13, 2017, 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 4/7/2017 and 4/14/2017. Rec: Approve as presented. C. COMPLIANCE ANALYSIS AND INVESTMENT REPORTS for the Months of January and February 2017 (Joint Consideration with the Palm Desert City Council). Rec: Receive and file. Upon motion by Weber, second by Kelly, and 5-0 vote of the Board of Directors for the Successor Agency (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING APRIL 27, 2017 VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS 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 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING XIV. ADJOURNMENT APRIL 27, 2017 With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 6:11 p.m. ATTEST: RAELLE D. KLASSEN,SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, MAY 11, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:02 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik 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 Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Stephen Y. Aryan, Risk Manager Eddy Moore, Division Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Lt. Coby Webb, Asst. Chief, Palm Desert Police/Riverside Co. Sheriffs Dept. Grace L. Rocha, Deputy City Clerk RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING III. ADJOURN TO CLOSED SESSION MAY 11, 2017 Request for Closed Session: A. Conference with Real Property Negotiator pursuant to Government Code Section 54956.8: 1) Property: 73697 Santa Rosa Way (APN 627-102-024), Palm Desert Negotiating Parties: Agency: Lauri Aylaian/Mark Greenwood/Martin Alvarez/City of Palm Desert/Successor Agency to the Palm Desert Redevelopment Agency Property Owner: Successor Agency to the Palm Desert Redevelopment Agency Under Negotiation: x Price x Terms of Payment With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council and Successor Agency at 3:09 p.m. She reconvened the meeting at 4:03 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 April 27, 2017, 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 - Warrant Dated 4/28/2017. Rec: Approve as presented. 2 RESOLUTION NO. OB-162 J MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MAY 11, 2017 Upon motion by Weber, second by Nestande, and 5-0 vote of the Successor Agency Board (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS 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 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MAY 11,2017 XIV. ORAL COMMUNICATIONS - C None XV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 5:44 p.m. ATTEST: ).AN C. HARNIK, CHAIR RAOHELLE D. KLASSEN,-SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 4 RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, MAY 25, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:05 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik Also Present: Lauri Aylaian, Executive Director Robert W. Hargreaves, City Attorney Grace L. Rocha, Acting Secretary Lori Carney, Director of Administrative Services Russell Grance, Director of Building & Safety Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development J. Luis Espinoza, Assistant Finance Director Mark Greenwood, Director of Public Works Frankie Riddle, Director of Special Programs Sgt. Michael Gaunt, Palm Desert Police/Riverside Co. Sheriff's Department M. Gloria Sanchez, Acting Deputy City Clerk III. ADJOURN TO CLOSED SESSION Request for Closed Session: None RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MAY 25, 2017 With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council at 3:05 p.m. She reconvened the meeting at 4:01 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 May 11, 2017, 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 5/5/2017 and 5/12/2017. Rec: Approve as presented. C. COMPLIANCE ANALYSIS AND INVESTMENT REPORTS for the Month of March 2017 (Joint Consideration with the Palm Desert City Council). Rec: Receive and file. Upon motion by Kelly, second by Weber, and 5-0 vote of the Successor Agency (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING MAY 25, 2017 IX. NEW BUSINESS 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 C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 5:37 p.m. ATTEST: ( JAN C. HARNIK, CHAIR GRAQ,`E L. ROCHA, ACTING SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 3 RESOLUTION NO. OB - 162 [THIS PAGE LEFT INTENTIONALLY BLANK.] RESOLUTION NO. OB-162 MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, JUNE 8, 2017 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chair Harnik convened the meeting at 3:01 p.m. II. ROLL CALL Present: Vice Chair Sabby Jonathan Director Kathleen Kelly Director Gina Nestande Director Susan Marie Weber Chair Jan C. Harnik 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 Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Finance/City Treasurer Mark Greenwood, Director of Public Works Stephen Y. Aryan, Risk Manager Eddy Moore, Division Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Lt. Coby Webb, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept. Grace L. Rocha, Deputy City Clerk III. ADJOURN TO CLOSED SESSION Request for Closed Session: RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JUNE 8, 2017 A. Conference with Real Property Negotiator pursuant to Government Code Section 54956.8: 1) Property: APNs 620-430-024, -025 (Desert Willow Lot Pad G) Negotiating Parties: Agency: Lauri Aylaian/Martin Alvarez/Successor Agency to the Palm Desert Redevelopment Agency Property Owner: Successor Agency to the Palm Desert Redevelopment Agency Under Negotiation: x Price x Terms of Payment With Successor Agency Board concurrence, Chair Harnik adjourned the meeting to Closed Session of the City Council and Successor Agency at 3:02 p.m. She reconvened the meeting at 4:01 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 May 25, 2017, 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 - Warrant Dated 5/19/2017. Rec: Approve as presented. Upon motion by Kelly, second by Nestande, and 5-0 vote of the Board of Directors of the Successor Agency (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None), the Consent Calendar was approved as presented. 2 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS JUNE 8, 2017 A. REQUEST FOR ADOPTION OF RESOLUTIONS, APPROVING THE PALM DESERT "STATEMENT OF INVESTMENT POLICY," AS AMENDED (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL, PALM DESERT FINANCING AUTHORITY, AND PALM DESERT HOUSING AUTHORITY). Deputy City Treasurer Thomas J. Metz stated that pursuant to State law the City Treasurers Office is requesting approval of the City's state of Investment Policy. Recently, staff received two additional recommendations for textual changes to the policy by Councilmember Kelly, which staff concurs with, and are as follows: 1) On page 3, under 4.0.2, the language is being added to the last sentence in the second paragraph to read, "Its purpose shall be to maximize profit within the parameters of Risk Management'; 2) on page 7, under 8.010, the last sentence of the 5`h paragraph to read, "The City Treasurer shall provide all authorized brokers with a copy of the City's investment policy and anv amendments as they occur." Lastly, Councilmember Kelly had a question to the language that was added to page 1, under 1.0 Policy, the second blue -lined paragraph, which reads as follows: "At its discretion pursuant to minute order, the Palm Desert City Council may direct that funds be made available to facilitate other lawful investment actions that the city council takes. In that case, either the City Manager or the Director of Finance & City Treasurer is authorized to invest the funds accordingly." He said Councilmember Kelly wanted to know the reasoning behind that insertion, which he felt Mayor Pro Tem Jonathan might be in the best position to explain it. Mayor Pro Tem/Vice ChairNice ChairmanNice President Jonathan explained that the intent was to provide flexibility if opportunities arise to enable the Council to make an exception to the normal investment policy. The normal investment policy boils down to very conservative CDs, conservative bonds, cash in some cases, and there may be occasions, as there have before, where there may be a temporary use of General Fund Reserves that Council feels is appropriate. However, if it conflicts with the Investment Policy, Council would not have the ability to make such investment. By having this language inserted, it provides Council flexibility to take action where it deemed appropriate. As a separate issue, 3 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JUNE 8, 2017 he noticed the staff report indicates the City Treasurer shall provide the City Council with a monthly investment reportwithin 30 days after the Audit, Investment & Finance Committee reviews it. However, the Investment Committee last discussed not meeting monthly; therefore, the language would not be consistent with the Investment Committee, because it will no longer meet on a monthly basis. He suggested striking the word monthly. Mayor/Chair/Chairman/President Harnik pointed out that the Policy itself already reflected that change on page 18. Councilmember/Director/Member/Commissioner Kelly said she appreciated the explanation for the paragraph on page 1 of the staff report and on page 1 of the Policy itself, but she is troubled by the language, because it seems to say that despite the fact that great effort has gone into defining an appropriate investment policy, the City Council can do whatever it wants. However, Councilmembers are not investment experts, and while she may trust present company to be very prudent, it didn't strike her as good policy to invite that kind of initiative from Council without following the usual process for amendment of the investment policy. If the thought is that sometimes sensitive opportunities could come up, her response would be that it should probably stay away from it, because the level of risk that the City has adopted doesn't warrant jumping into a time sensitive opportunity. Additionally, she hadn't heard anything that makes her comfortable with it. Mayor Pro TemNice ChairNice Chairman/Vice President Jonathan concurred, stating the intent of this language was to give the Council the ability to take action using General Fund Reserves, which is a departure from the normal investment policy. For example, if the City Council felt it needed to temporarily acquire a strategic piece of real estate using General Funds, the current policy prohibits it, because it's limited to investments of CDs, bonds, etc. The idea is to give the Council flexibility to utilize General Fund Reserves in such a way that it deemed appropriate. If there is other language that would make that point clear, he was open to it. Again, the intent is not to jump into some investment that may offer a 12% return. Another example, if in fact the City moves forward with the Community Choice Aggregation Energy (CCA) Program, there are start-up funds that are required, and many cities have provided those funds because it's a very secured loan to the CCA, adding it might pay 4% instead of 1%. He's not here proposing that the City do that, but he's just providing an example where other cities have used General Fund Reserves in a way that would not be consistent with Palm Desert's investment policy. He explained that taking that type of action is beneficial to the City, but if this language is not clear, he's open to other language that would limit the departure from the investment policy to actions of that nature. 4 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JUNE 8, 2017 Ms. Moore replied that with regard to the investment policy, staff may offer a compromise, in that the investment policy doesn't prohibit Council from taking action for the use of reserves. What the investment policy encourages and requires, is that there are policies for investable funds to be followed. Therefore, when the City has investable cash, it is to be invested in accordance with the policy. If Council were to take action to dedicate some of the monies available for a specific purpose that would make that un-investable according to the plan. If the goal was to look at a property, the policy may not prohibit that, and perhaps that's where there is confusion or where a compromise may occur. Mayor Pro TemNice ChairNice Chairman/ice President Jonathan asked that if the paragraph in question was stricken, would Council still have the ability to use General Fund Reserves in a way other than traditional investing. Ms. Moore answered yes, but would caution that if any of the things Council decided to do with the funds were of an investment nature, then that would then be subject to the investment policy. Mayor Pro TemNice ChairNice ChairmanNice President Jonathan commented he thought a loan to the CCA, which is a promise or notice of security, subject to legal interpretation, was considered an investment. Councilmember/Director/Member/Commissioner Weber disagreed, in that she wouldn't consider a loan to the CCA or purchasing property an investment, stating investments are defined differently in the policy. Therefore, she shared Councilmember Kelly's concern about the language making it sound like Council can haphazardly invest, which is not the function of the Council. The City is extremely conservative, so if this is how the language is being translated, she would agree that the paragraph is not needed, because it can be translated down the road in that manner. Mayor Pro TemNice ChairNice ChairmanNice President Jonathan agreed, but he wants to make sure Council has the ability to act in the City's best interest when opportunities arise. He reiterated that investing in a note might be deemed an investment, stating that if the City lends money to the US Treasury or the State of California, those are loans the City is making with General Fund Reserves. Therefore, a loan to the CCA would not be any different, but perhaps different from a purchase of real estate. He suggested tabling this issue to get legal opinion. However, he completely concurred with his colleagues in that the wording opens the door to an imprudent investment, which is not the intent of the Audit, Investment & Finance Committee who is making the recommendation. Their intent was to enable the City Council to have flexibility when opportunities arise. He said if purchasing real estate is not an investment, that's not an issue, but other 5 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JUNE 8, 2017 opportunities may arise. So, if something like the CCA would be prohibited by the existing policy, then wording needs to be found that would satisfy all concerns. Councilmember/Director/Member/Commissioner Kelly offered that the overall approach to changing the policy is extremely well -thought out, over due, and probably should be adopted as soon as possible, because the thrust of the recommendation is that the City's policy has been overly conservative to its disadvantage. She would like to see this policy adopted this evening without the paragraph it has been discussing, because staff can continue to research whether some addition to the policy is necessary to address the concerns Mayor Pro Tem Jonathan has raised, and if needed, an amendment can be made in the future. However, she didn't see any reason to hold up the very thoughtful and important changes that make up the substance of what's before the City Council this evening. Mr. Hargreaves concurred with the suggestion, because trying to decide the nature of a particular investment will depend on the specifics, more importantly, what's the purpose of it, and is it just to make money, adding that the same would apply for real estate. He encouraged the City Council to adopt the Investment Policy without the subject paragraph and address specific situations as they arise. At that time, figure out if it comes under the policy, and if it does, Council can modify the policy if necessary. Councilmember/Director/Member/Commissioner Kelly said she will move to approve the policy with the two verbal changes made in language this evening and striking the paragraph that's been under discussion and appears on page 1 of the policy. Councilmember/Director/Member/Commissioner Kelly moved to, waive further reading and adopt the following, approving the Palm Desert "Statement of Investment Policy," as further amended, including the changes orally provided at the meeting: 1) City Council Resolution No. 2017 - 43; 2) Successor Agency Resolution No. SA -RDA 066; 3) Financing Authority Resolution No. FA - 68; 4) Housing Authority Resolution No. HA - 81. Motion was seconded by Weber and carried by a 5-0 vote (AYES: Jonathan, Kelly, Nestande, Weber, and Harnik; NOES: None). X. CONTINUED BUSINESS None XI. OLD BUSINESS None 6 RESOLUTION NO. OB-162 MINUTES SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING JUNE 8, 2017 XII. PUBLIC HEARINGS None XIII. REPORTS, REMARKS, SUCCESSOR AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR None B. SUCCESSOR AGENCY COUNSEL None C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Harnik adjourned the meeting at 6:00 p.m. ATTEST: 'i"i _l/. �. .7//i �./� (. JAN.C. HARNIK, CHAIR RA ELLE D. KL SEN,-SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 7 RESOLUTION NO. OB - 162 [THIS PAGE LEFT INTENTIONALLY BLANK.]