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Home My WebLink About2017-01-26MINUTES 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 Reauest for Closed Session: None 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 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 ("ROPS 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 $1 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 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,— ECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 4 'JAN C. HARNIK, CHAIR