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Home My WebLink AboutPrelim - RDA - 01/22/09DRAFT PRELIMINARY MINUTES REGULAR PALM DESERT REDEVELOPMENT AGENCY MEETING THURSDAY, JANUARY 22, 2009 CIVIC CENTER COUNCIL CHAMBER 73510 FRED WARING DRIVE, PALM DESERT, CA 92260 I. CALL TO ORDER - 3:00 P.M. Chairman Spiegel convened the meeting at 3:00 p.m. II. ROLL CALL Present: Member Jean M. Benson Member Jim Ferguson Vice Chairman Cindy Finerty Member Richard S. Kelly Chairman Robert A. Spiegel Also Present: Justin McCarthy, Interim City Manager/RDA Executive Director David J. Erwin, City Attorney Sheila R. Gilligan, ACM for Community Services Homer Croy, ACM for Development Services Stephen Y. Aryan, Assistant to the City Manager Rachelle D. Klassen, City Clerk Bo Chen, City Engineer Russell Grance, Director of Building & Safety Lauri Aylaian, Director of Community Development Patrick Conlon, Director of the Office of Energy Management Paul S. Gibson, Director of Finance/City Treasurer Janet M. Moore, Director of Housing Mark Greenwood, Director of Public Works David Yrigoyen, Director of Redevelopment & Housing Frankie Riddle, Director of Special Programs Steve Brooker, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Andrew Shouse, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept. Grace L. Mendoza, Deputy City Clerk DRAFT PRELIMINARY MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 22, 2009 III. ADJOURN TO CLOSED SESSION Reauest for Closed Session: Conference with Real Property Negotiator pursuant to Government Code Section 54956.8: 1) Property: 43-755 Kelsey Court (APN 634-241-034) Negotiating Parties: Agency: Justin McCarthy/Janet Moore/ Palm Desert Redevelopment Agency Property Owner: Harry and Joyce Planck Under Negotiation: x Price x Terms of Payment 2) Property: APN 694-120-009 Negotiating Parties: Agency: Justin McCarthy/Palm Desert Redevelopment Agency Property Owner: Palm Desert North 80 LLC Under Negotiation: x Price x Terms of Payment On a motion by Ferguson, second by Benson, and unanimous vote of the Agency Board, Chairman Spiegel adjourned the meeting to Closed Session at 3:01 p.m. He 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 Regular Redevelopment Agency Meeting of January 8, 2009. Rec: Approve as presented. K DRAFT PRELIMINARY MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 22, 2009 B. CLAIMS AND DEMANDS AGAINST THE AGENCY TREASURY - Warrant Nos. 140RDA, 143RDA, 145RDA, 150RDA, 141-Housing, 143-Housing, 146-Housing, 151-Housing, 142HA, and 147HA. Rec: Approve as presented. C. COMPLIANCE ANALYSIS AND INVESTMENT REPORT for the Month of November 2008 (Joint Consideration with the Palm Desert City Council). Rec: Receive and file. D. REPORT Pursuant to Section 33080.1 of the California Health & Safety Code (Joint Consideration with the Palm Desert City Council). Rec: By Minute Motion, receive and file. E. REQUEST FOR APPROVAL of Out -of -State Travel for the Assistant City Manager for Redevelopment and the Director of Redevelopment & Housing to Visit Bandon Dunes Golf Resort in Oregon. Rec: By Minute Motion, approve out-of-state travel for the ACM for Redevelopment and Director of Redevelopment & Housing to visit Bandon Dunes Golf Resort, Bandon Dunes, Oregon, in an amount not to exceed $3,000 — funds forthis purpose are available in Account No. 851-4195-466-3120. F. REQUEST FOR RATIFICATION of Agreement with Decorative Concrete & Resurfacing for Services to Etch and Apply Clear Non -slip Sealant to Exterior Polished Concrete at the Henderson Community Building at Entrada del Paseo (Contract No. R22600E). Rec: By Minute Motion, ratify the subject agreement in an amount not to exceed $15,096 with Decorative Concrete & Resurfacing, Palm Desert, California, for etching and sealing the exterior polished concrete with a non -slip surface at the Henderson Community Building, 72-559 Highway 111 — funds are available in Account N o . 8 50-4358-433-4001. Upon a motion by Finerty, second by Kelly, and 5-0 vote of the Agency Board, the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None 3 DRAFT PRELIMINARY MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 22, 2009 VIII. RESOLUTIONS A. RESOLUTION NO. 556 - A RESOLUTION OF THE PALM DESERT REDEVELOPMENT AGENCY, OBJECTING TO THE SALE OF TAX - DEFAULTED PROPERTY KNOWN AS 43-755 KELSEY COURT (APN 634-241-034), PALM DESERT, CALIFORNIA, AND APPLYING TO THE COUNTY BOARD OF SUPERVISORS AND COUNTY TAX COLLECTORTO PURCHASE THE PROPERTY; AND AUTHORIZING THE EXECUTIVE DIRECTOR TO NEGOTIATE AN AGREEMENT TO PURCHASE TAX -DEFAULTED PROPERTY IN THE AMOUNT OF $114,795.50. Member Ferguson moved to waive further reading and adopt Resolution No. 556. Motion was seconded by Finerty and carried by a 5-0 vote. IX. NEW BUSINESS A. REQUEST FOR ADOPTION OF RESOLUTIONS OF THE CITY COUNCIL AND REDEVELOPMENT AGENCY, REGARDING FUNDING OF PHASE 2 LOANS FOR THE PALM DESERT ENERGY INDEPENDENCE PROGRAM (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL). Mr. Conlon noted the staff report and stated Mr. William Strausz and Associates from Richards, Watson & Gershon were present; the lawfirm that prepared the financing mechanism for the loans. Member/Councilman Ferguson stated the Council authorized $7.5 million in Energy Independence Loans that would have a 7% interest rate return, and the funding forthose loans were originallyfrom the General Fund, which was then converted over to bonds to be purchased by the Redevelopment Agency. He said the Energy Independence Loan Program (EIP) was being processed in $2.5 million increments to be able to reimburse the City all of its General Fund money from the bonds purchased by the Redevelopment Agency. Mr. Conlon agreed. Mr. McCarthy clarified that at the end of the process, there would still be $2.5 million of General Fund money in the program. Member/Councilman Ferguson responded the goal was to get all the General Fund money refunded to the City by having all the funds converted into bonds to the Agency and have the City incur the indebtedness. 4 PRELIMINARY MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 22, 2009 MR. WILLIAM STRAUSZ, Counsel to the Redevelopment Agency, stated the way the program was structured was that the City had committed $2.5 million of General Fund monies to the Energy Independence Program (EIP), and action this evening would authorize the Redevelopment Agency to invest in City bonds. By doing so, the City would then have the ability to withdraw those funds, and reimburse the City for the $2.5 million that it loaned out. However, it was his understanding that the $2.5 million that's being loaned out by the Redevelopment Agency to the City through the investment process would then be loaned out to more property owners to do more improvements. Responding to question, he agreed this process could be never-ending. Member/Councilman Ferguson moved to waive further reading and adopt: 1) City Council Resolution No. 09-2, amending Resolution No. 08-75, regarding its intention to finance distributed generation renewable energy sources and energy efficiency improvements; 2) City Council Resolution No. 09-3, providing for the issuance and sale of limited obligation improvement bonds in principal amount not to exceed $2.5 million, approving as to form and authorizing the execution and delivery of a bond purchase agreement in connection therewith, and authorizing certain other matters relating thereto; 3) Redevelopment Agency Resolution No. 555, authorizing the Redevelopment Agency's investment in and purchase of the City of Palm Desert's Energy Independence Program, Limited Obligation Improvement Bonds, Series 2009A (Taxable), approving as to form and authorizing the execution and delivery of a bond purchase agreement in connection therewith, and authorizing certain other matters relating thereto. Motion was seconded by Finerty and carried by a 5-0 vote. X. CONTINUED BUSINESS None XI. OLD BUSINESS None XI1. PUBLIC HEARINGS None XIII. REPORTS, REMARKS, AND AGENCY BOARD ITEMS REQUIRING ACTION A. EXECUTIVE DIRECTOR None 5 DRAFT PRELIMINARY MINUTES PALM DESERT REDEVELOPMENT AGENCY MEETING JANUARY 22, 2009 B. AGENCY COUNSEL None C. CHAIRMAN AND MEMBERS OF THE AGENCY None XIV. ORAL COMMUNICATIONS - C None XV. ADJOURNMENT On a motion by Ferguson, second by Spiegel, and unanimous vote of the Agency Board, Chairman Spiegel adjourned the meeting at 6:18 p.m. ROBERT A. SPIEGEL, CHAIRMAN ATTEST: RACHELLE D. KLASSEN, SECRETARY PALM DESERT REDEVELOPMENT AGENCY