HomeMy WebLinkAbout05A Appvd Minutes - SA - 03/08/2012 APPROVED
MINUTES
REGULAR MEETING OF THE
BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY
TO THE PALM DESERT REDEVELOPMENT AGENCY
THURSDAY, MARCH 8, 2012
CIVIC CENTER COUNCIL CHAMBER
73510 FRED WARING DRIVE, PALM DESERT, CA 92260
I. CALL TO ORDER - 3:00 P.M.
Chair Spiegel convened the meeting at 3:02 p.m.
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II. ROLL CALL
ON +- la—.
Present: VERIFIED BY k<
Director Jean M. Benson
Director Cindy Finerty Original on file with City Clerk's Office
Director Jan C. Harnik
Vice Chair William R. Kroonen
Chair Robert A. Spiegel
Also Present:
John M. Wohlmuth, Executive Director
David J. Erwin, City Attorney
Justin McCarthy, Assistant City Manager
Rachelle D. Klassen, Secretary
Russell Grance, Director of Building & Safety
Lauri Aylaian, Director of Community Development
Paul S. Gibson, Director of Finance/City Treasurer
Janet M. Moore, Director of Housing
Mark Greenwood, Director of Public Works
Frankie Riddle, Director of Special Programs
Stephen Y. Aryan, Risk Manager
Bill Hunley, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire
William Sullivan, 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:
None
APPROVED
MINUTES MARCH 8, 2012
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING
On a motion by Kroonen, second by Finerty, and 5-0 vote of the Successor Agency Board
of Directors, Chair Spiegel adjourned the meeting to Closed Session of the City Council at
3:03 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 Meeting of the Board of Directors of the Successor
Agency to the Palm Desert Redevelopment Agency Meeting of February 23, 2012.
Rec: Approve as presented.
B. CLAIMS AND DEMANDS AGAINST SUCCESSOR AGENCY TREASURY -
Warrant Nos. 188RDA, 192SA, and 196SA.
Rec: Approve as presented.
C. CITIZENS'ADVISORY COMMITTEE FOR PROJECT AREA NO. 4 MINUTES for
the Meetings of December 19, 2011, and February 21, 2012.
Rec: Receive and file.
Upon a motion by Finerty, second by Kroonen, and a 5-0 vote of the Successor Agency
Board, the Consent Calendar was approved as presented.
VII. CONSENT ITEMS HELD OVER
None
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APPROVED
MINUTES MARCH 8, 2012
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING
VIII. RESOLUTIONS
A. RESOLUTION NO. SA-RDA 005 - A RESOLUTION OF THE BOARD OF
DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY, AUTHORIZING THE INVESTMENT OF MONIES
IN THE LOCAL AGENCY INVESTMENT FUND (LAIF) OF THE STATE OF
CALIFORNIA, AND TAKING CERTAIN ACTIONS IN CONNECTION
THEREWITH.
Director Finerty moved to waive further reading and adopt Resolution No. SA-RDA 005.
Motion was seconded by Kroonen and carried by a 5-0 vote.
IX. NEW BUSINESS
A. REQUEST FOR ADOPTION OF THE PALM DESERT STATEMENT OF
INVESTMENT POLICY AS AMENDED (JOINT CONSIDERATION WITH THE
PALM DESERT CITY COUNCIL, PALM DESERT HOUSING AUTHORITY,AND
PALM DESERT FINANCING AUTHORITY).
Deputy City Treasurer Thomas Jeffrey stated staff was requesting two
amendments, the first substitutes the "RDA-Successor Agency, Palm Desert" for
the former "Palm Desert Redevelopment Agency." The second request is to
increase the concentration limit for local agency investment pools from 30% to
50%. Due to the elimination of the Redevelopment Agency, the arithmetic
changed on how it's calculated.
Councilmember/Director/Member/Commissioner Finerty stated it was wonderful
that the City is allowed to earn more than 50% than what it's currently earning in
interest income.
Councilmember/Director/Member/Commissioner Finerty moved to, by Minute Motion,
concur with the recommendation of the Audit, Investment & Finance Committee and adopt the
Palm Desert Statement of Investment Policy, as amended. Motion was seconded by Kroonen
and carried by a 5-0 vote.
X. CONTINUED BUSINESS
None
XI. OLD BUSINESS
None
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APPROVED
MINUTES MARCH 8, 2012
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY MEETING
XII. PUBLIC HEARINGS
None
XIII. REPORTS, REMARKS,SUCCESSOR AGENCY BOARD ITEMS REQUIRING ACTION
A. EXECUTIVE DIRECTOR
1. Oversight Board Meeting— Mr. Wohlmuth stated the first Oversight Board
of the Successor Agency to the Palm Desert Redevelopment Agency
Meeting had been scheduled for March 14 at 2:00 p.m. in the Administrative
Conference Room. He said five of the seven members were scheduled to
attend, with the Office of Education or Community College District yet to
advise of their appointments to Palm Desert's Oversight Board.
B. SUCCESSOR AGENCY COUNSEL
None
C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY
None
XIV. ADJOURNMENT
Upon a motion by Kroonen, second by Finerty, and 5-0 vote of the Successor Agency
Board of Directors, Chair Spiegel adjourned the meeting at 5:40 p.m.
ROBERT A. SPIEGEL, CHAIR
ATTEST:
RACHELLE D. KLASSEN, SECRETARY
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
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