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CITY OF ATASCADERO
COMMUNITY REDEVELOPMENT AGENCY
SPECIAL MEETING
AGENDA
Tuesday, September 14, 2010
CLOSED SESSION 5 00 P M
REGULAR SESSION 6 00 P M
City Hall Council Chambers
6907 EI Camino Real
Atascadero, California
CLOSED SESSION 5 00 P M
1 CLOSED SESSION - PUBLIC COMMENT
2. AGENCY BOARD LEAVES CHAMBERS FOR CLOSED SESSION
3 CLOSED SESSION - CALL TO ORDER
a. Conference with Real Property Negotiators (Govt. Code Sec 54956 8)
Property- 6420 EI Camino Real, Atascadero, CA, APN #030-191-031
Agency Negotiator- Wade McKinney, Executive Director
Negotiating Parties Tim Alvord
Under Negotiation Instruction to negotiator will concern price and terms of
payment
4. CLOSED SESSION - ADJOURNMENT
5 AGENCY BOARD RETURNS TO CHAMBERS
6 CLOSED SESSION - REPORT
REGULAR SESSION — CALL TO ORDER. 6 00 P M
ROLL CALL. Chairperson Kelley
Vice Chairperson Clay
Board Member Beraud
Board Member Fonzi
Board Member O'Malley
APPROVAL OF AGENDA. Roll Call
COMMUNITY FORUM (This portion of the meeting is reserved for persons wanting to
address the Board on any matter not on this agenda and over which the Board has
jurisdiction Speakers are limited to three minutes Please state your name and
address for the record before making your presentation The Board may take action to
direct the staff to place a matter of business on a future agenda A maximum of 30
minutes will be allowed for Community Forum, unless changed by the Board )
A. CONSENT CALENDAR (All items on the consent calendar are considered to
be routine and non -controversial by City staff and will be approved by one motion
if no member of the Agency Board or public wishes to comment or ask questions
If comment or discussion is desired by anyone, the item will be removed from the
consent calendar and will be considered in the listed sequence with an
opportunity for any member of the public to address the Agency Board
concerning the item before action is taken DRAFT MINUTES Agency meeting
draft minutes are listed on the Consent Calendar for approval of the minutes
Should anyone wish to request an amendment to draft minutes, the item will be
removed from the Consent Calendar and their suggestion will be considered by
the Agency Board If anyone desires to express their opinion concerning issues
included in draft minutes, they should share their opinion during the Community
Forum portion of this meeting )
1 Community Redevelopment Agency Special Meeting Draft Action
Minutes — July 27, 2010
■ Board Secretary Recommendation. Board approve Community
Redevelopment Agency Special Meeting Draft Action Minutes of July 27,
2010 [Board Secretary]
2. Conflict of Interest Code — Biennial Review
■ Fiscal Impact: None
■ Recommendation. Board adopt the Draft Resolution, updating and
amending the Conflict of Interest Code for the Community Redevelopment
Agency of Atascadero [Board Secretary]
7—
B PUBLIC HEARINGS None
C MANAGEMENT REPORTS
1 Business Stimulus Program. Revisions to Loan Program for Downtown
Affordable Housing and Related Retail Uses
■ Fiscal Impact: None
■ Recommendations. Agency Board
Approve changes to the agreements and related documentation for the
Downtown Affordable Housing Program to
1 Allow participants in the program to develop low income units with a
loan amount not to exceed $60,000, and,
2 Provide the City with a first right of refusal to buy any property before it
is sold, and,
3 Adjust the loan to value ratio to 70%, and,
4 Remove a provision in the agreement that states the agency will
absorb equity loss in the event of a loss of value below the original
appraised value, and,
5 Allow more flexibility in setting milestones for release of loan payments
to participant; and,
6 Better protect the City by tightening of the language about when the
City will approve re -financing of the first lender loans and junior
loans [Executive Director]
2. Request to Borrow from Low and Moderate Income Housing Fund for
Payment to Supplemental Educational Revenue Augmentation Fund
SERAF
■ Fiscal Impact: $1,335,322 will be loaned from the Low and Moderate
Income Housing Fund to the Agency General Fund
■ Recommendations. Board
1 Adopt Draft Resolution A borrowing funds from the Agency's Low and
Moderate Income Housing Fund to defray the cost of the fiscal year
2009-2010 payment required by Section 33690 of the California Health
and Safety Code, and,
2 Adopt Draft Resolution B approving a loan of the Agency Low and
Moderate Income Housing Fund to the Agency General Fund for the
fiscal year 2009-2010 SERAF payment required by Section 33690 of
the California Health and Safety Code [Treasurer]
BOARD ANNOUNCEMENTS AND REPORTS (On their own initiative, the Board
Members may make a brief announcement or a brief report on their own activities
Board Members may ask a question for clarification, make a referral to staff or take
action to have staff place a matter of business on a future agenda The Board may take
action on items listed on the Agenda )
D ADJOURNMENT TO CITY COUNCIL MEETING