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Home My WebLink About2016-04-04MINUTES REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MONDAY, APRIL 4, 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 retum 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 Wendy Jonathan (DSUSD, representing Riverside County Office of Education) Member Ed Pack (representing Coachella Valley Water Dist.) Member Anna Rodriguez (representing Riverside Co. Board of Supervisors) Chair Robert A. Spiegel (Mayor, City of Palm Desert) Absent: Member Joel Kinnamon (COD, representing Chancellor of California Comm. Colleges) Also Present: Rudy P. Acosta, Acting Exec. Dir., Successor Agency -Palm Desert RDA William L. Strausz, Richards, Watson & Gershon, Successor Agency Counsel Paul S. Gibson, Finance Officer Ryan Stendell, Director of Community Development Martin Alvarez, Director of Economic Development Janet M. Moore, Director of Housing Veronica Tapia, Management Analyst II Rachelle D. Klassen, Secretary, Successor Agency -Palm Desert RDA III. ORAL COMMUNICATIONS None MINUTES REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY IV. APPROVAL OF MINUTES APRIL 4, 2016 A. MINUTES of the January 25, 2016, Adjourned Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Member Jonathan moved to waive further reading and adopt Resolution No. OB - 143, approving Minutes of the January 25, 2016, Adjourned Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Motion was seconded by Member Pack and carried by a 4-0-1 vote (AYES: Jonathan, Pack, Rodriguez, and Spiegel; NOES: None; ABSTAINING: Buck; ABSENT: 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 - 144, receiving and filing Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meetings of December 10, 2015; January 14, January 28, February 11, and February 25, 2016. Motion was seconded by Member Pack and carried by 5-0 vote (AYES: Buck, Jonathan, Pack, Rodriguez, and Spiegel; NOES: None; ABSENT: Kinnamon). With Oversight Board concurrence, Item C was considered before Item B. B. ELECTION OF OVERSIGHT BOARD MEMBER TO THE OFFICE OF VICE CHAIR. Chair Spiegel felt it would be advantageous to have someone from the City, who is present every day at City Hall, to be Vice Chair of the Oversight Board. Chair Spiegel nominated Member Heather Buck to the Office of Vice Chair of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Motion was seconded by Member Pack and carried by 5-0 vote (AYES: Buck, Jonathan, Pack, Rodriguez, and Spiegel; NOES: None; ABSENT: Kinnamon) C. REQUEST FOR APPROVAL OF A PURCHASE AND SALE AGREEMENT TO SELL ONE (1) ACRE OF THE SUCCESSOR AGENCY'S PROPERTY 12(G) LOCATED ON THE NORTH SIDE OF COUNTRY CLUB DRIVE, EAST OF PORTOLA AVENUE (APNs 620-430-024, -025) TO THE CITY OF PALM DESERT (CONTRACT NO. SA35150). Staff reviewed the printed report provided with the agenda packets and answered questions. Additionally, staff handed out a complete Exhibit "A" for the Purchase 2 MINUTES REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY APRIL 4, 2016 and Sale Agreement that was to be included with the consideration of Resolution No. OB - 145. Mr. Strausz noted that since the Successor Agency was getting close to a transaction with Coachella Valley Water District (CVWD), Member Pack (who represents CVWD as the largest district in the former Redevelopment Agency's territory) was advised to abstain from the action being contemplated. Member Jonathan moved to waive further reading and adopt Resolution No. OB - 145, authorizing execution of a Purchase and Sale Agreement with the City of Palm Desert to sell one (1) acre of the Successor Agency's property located on the north side of Country Club Drive, east of Portola Avenue, Palm Desert, California (APNs 620-430-024 and 620-430-025), Property No. 12(g) of the Long -Range Property Management Plan, including the complete Exhibit "A,"and taking certain related actions. Motion was seconded by Member Buck and carried by 4-0-1 vote (AYES: Buck, Jonathan, Rodriguez, and Spiegel; NOES: None; ABSTAINING: Pack; ABSENT: 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 meeting of January 25, 2016). Member Rodriguez moved to 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. Motion was seconded by Pack and FAILED TO PASS on a 3-0-2 vote, with less than a majority of the appointed membership voting in favor (AYES: Pack, Rodriguez, and Spiegel; NOES: None; ABSTAINING: Buck and Jonathan; ABSENT: Kinnamon). Therefore. this item will be continued to the next meetina. VII. OLD BUSINESS None VIII. REPORTS AND REMARKS A. CHAIR None 3 MINUTES REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY B. MEMBERS OF THE OVERSIGHT BOARD 1. Bond Refundina APRIL 4, 2016 Member Rodriguez addressed the topic of bond refunding, something the County of Riverside has done itself. She said there is a team working with some of the other cities in this process; some have done it on their own to consolidate debt and reduce their interest rate. The County believes it's something the City should consider in order to provide significant savings and more money back to the taxing entities. She introduced Mr. Michael Williams of the County's Finance Team from the firm of C. M. DeCrinis and Company, noting that they were beginning discussions with City of Indio. In response to inquiry, Mr. Acosta said City staff participated in a conference call on this subject with the County Controller last week. City staff did not find a particular advantage in Palm Desert repackaging its loans at this time. C. SUCCESSOR AGENCY EXECUTIVE DIRECTOR None IX. ADJOURNMENT Chair Spiegel noted the next regular Oversight Board Meeting was scheduled to be held Monday, May 2, 2016, at 1:30 p.m., and with Members' concurrence, adjourned the meeting at 1:40 p.m. /Pd ROBERT A. SPIE L, &IAIR ATTEST: RA HELLE D. KLASS 4, SECRETARY OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 4