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HomeMy WebLinkAboutPrelim - CC - 04/14/2016�� � � PRELIMINARY MINUTES REGULAR MEETING OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY THURSDAY, APRIL 14, 2016 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 3:00 p.m. II. ROLL CALL Present: Vice Chair Jan C. Harnik Director Sabby Jonathan Director Van G. Tanner Director Susan Marie Weber Chair Robert A. Spiegel 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 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 John Cortez, Battalion Chief, Palm Desert Fire/Riverside Co. Fire Dept./Cal Fire Susan Trevino, Chief, Palm Desert Police/Riverside Co. Sheriff's Department Anthony Baur, Asst. Chief, Palm Desert Police/Riverside Co. Sheriff's Dept. Grace L. Mendoza, Deputy City Clerk PRELIMINARY MINUTES DRAFT SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING APRIL 14, 2016 III. ADJOURN TO CLOSED SESSION Request for Closed Session: None With Successor Agency Board concurrence, Chair Spiegel adjourned the meeting to Closed Session of the City Council at 3:08 p.m. He reconvened the meeting at 4:34 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 24, 2016, 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 3/11/2016, 3/25/2016, and 4/1/2016. Rec: Approve as presented. C. COMPLIANCE ANALYSIS AND INVESTMENT REPORTS for the Months of January and February 2016 (Joint Consideration with the Palm Desert City Council). Rec: Receive and file. D. STATEMENT OF INVESTMENT POLICY for the City of Palm Desert (Joint Consideration with the Palm Desert City Council and the Palm Desert Housing Authority). Rec: By Minute Motion, receive and file the City of Palm Desert "Statement of Investment Policy" as presented. � PRELIMINARY MINUTES DRAFT SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING APRIL 14, 2016 Upon a motion by Tanner, second by Weber, and 5-0 vote of the Board of Directors of the Successor Agency (AYES: Harnik, Jonathan, Tanner, Weber, and Spiegel; NOES: None), the Consent Calendar was approved as presented. VII. CONSENT ITEMS HELD OVER None VIII. RESOLUTIONS None IX. NEW BUSINESS A. REQUEST FOR APPROVAL OF U.S. BANK GLOBAL CORPORATE TRUST SERVICES AS A CORPORATE TRUSTEE AND FOR AUTHORIZATION FOR CITY TREASURER TO SIGN ANY DOCUMENTS INVOLVED IN THE TRANSFER OF TRUSTEE SERVICES (CONTRACT NO. C35200) (JOINT CONSIDERATION WITH THE PALM DESERT CIN COUNCIL). Mr. Gibson stated a Request for Proposal (RFP) was conducted for the trustee services, and two quotes were received. One was from the current trustee, Wells Fargo, and the other was from U.S. Bank Global Corporate Trust Services. He said both are fine firms, but unfortunately, Wells Fargo's existing trustee increased his fees drastically. They indicated that due to Federal regulations they are required to put it at full cost and not at the value they were previously offering. Therefore, staff recommended U.S. Bank, stating that background and references checks were done. He added that the City used them about 15 years ago, and they are a fine trustee service. Councilman/Director Jonathan stated that due to Mr. Gibson's good work the City will be saving $352,000 in trustee fees. Councilman/Director Jonathan moved to, by Minute Motion, approve U.S. Bank Global Corporate Trust Services as a Corporate Trustee for the City of Palm Desert and the Successor Agency to the Palm Desert Redevelopment Agency for a five-year term, commencing May 1, 2016, and authorize City Treasurer to sign any documents involved in the transfer of Trustee Services. Motion was seconded by Tanner and caRied by a 5-0 vote (AYES: Harnik, Jonathan, Tanner, Weber, and Spiegel; NOES: None). 3 PRELIMINARY MINUTES DRAFT SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING APRIL 14, 2016 B. REQUEST FOR AUTHORIZATION TO EXECUTE A PURCHASE AND SALE AGREEMENT TO SELL ONE ACRE OF THE SUCCESSOR AGENCY'S PROPERTY NO. 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) (JOINT CONSIDERATION WITH THE PALM DESERT CITY COUNCIL). Mr. Alvarez stated staff was requesting to acquire from the Successor Agency to the City the one (1) acre site outlined in the staff report. He said both the Oversight Board and the Department of Finance (DOF) has granted the approval to transfer the site from the Successor Agency to the City; the appraised value is $305,000. He said they expect to move forward with the Purchase and Sale Agreement with the anticipation of a negotiated sale to Coachella Valley Water District (CVW D) for that one acre in the amount of the appraised value. Staff also recommended the City appropriate $305,000 from the Unobligated General Fund Reserves, pointing out that those funds will be returned to the City once the sale has been transferred to CVW D. Councilman/DirectorTanner moved to: 1) Waive further reading and adopt: a) Resolution No. SA-RDA 056, authorizing the execution of a Purchase and Sale Agreement from the Successor Agency to the City, and taking certain related actions; b) Resolution No. 2016 - 32, authorizing the execution of a Purchase and Sale Agreement from the Successor Agency to the City, and taking certain related actions; 2) By Minute Motion, appropriate $305,000 from the Unobligated General Fund Reserves for the City's purchase of said property. Motion was seconded by Weber and carried by a 5-0 vote (AYES: Harnik, Jonathan, Tanner, Weber, and Spiegel; NOES: 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 4 PRELIMINARY MINUTES DRAFT SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MEETING APRIL 14, 2016 B. SUCCESSOR AGENCY COUNSEL None C. CHAIR AND MEMBERS OF THE SUCCESSOR AGENCY None XIV. ADJOURNMENT With Successor Agency Board concurrence, Chair Spiegel adjourned the meeting at 6:18 p.m. ROBERT A. SPIEGEL, CHAIR ATTEST: RACHELLE D. KLASSEN, SECRETARY SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 5