HomeMy WebLinkAboutRDA Minutes 091410Approved October 26, 2010
CITY OF ATASCADERO
COMMUNITY REDEVELOPMENT AGENCY
SPECIAL MEETING
ACTION MINUTES
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
Chairperson Kelley called the meeting to order at 5 00 p m
1 CLOSED SESSION - PUBLIC COMMENT - None
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
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Approved October 26, 2010
6 CLOSED SESSION - REPORT
,,,,m City Attorney Pierik announced that there was no reportable action taken
REGULAR SESSION — CALL TO ORDER. 6 00 P M
Chairperson Kelley called the meeting to order at 6 00 p m
ROLL CALL.
Present: Board Members Beraud, O'Malley, Fonzi, Vice Chairperson Clay
and Chairperson Kelley
Others Present: Board Secretary Marcia McClure Torgerson
Staff Present Executive Director Wade McKinney, Assistant Executive Director
Jim Lewis, Police Chief Jim Mulhall, Community Development
Director Warren Frace, Administrative Services Director Rachelle
Rickard, and City Attorney Brian Pierik.
APPROVAL OF AGENDA. Roll Call
MOTION By Board Member Fonzi and seconded by Board Member
136raud to approve the agenda
Motion passed 5.0 by a roll -call vote.
COMMUNITY FORUM
The following citizens spoke during Community Forum Tom Farrell
Chairperson Kelley closed the Community Forum period.
A. CONSENT CALENDAR
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]
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Approved October 26, 2010
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]
MOTION By Board Member Fonzi and seconded by Board Member
Beraud to approve the Consent Calendar
Motion passed 5.0 by a roll -call vote. (#A-2 Resolution No. RA
2010-002)
B. PUBLIC HEARINGS None
C MANAGEMENT REPORTS
Business Stimulus Program. Revisions to Loan Program for Downtown
Affordable Housinq 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]
Board Member Fonzi announced that she would be disqualifying herself from this item
as she has clients that are taking advantage of this program and even though she will
not gain financially by the passage of this item, she is going to step down
Assistant Executive Director Jim Lewis gave the staff report and answered questions
from the Board
PUBLIC COMMENT None
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Approved October 26, 2010
MOTION By Board Member O'Malley and seconded by Board
Member Beraud to 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 refinancing of the
first lender loans and junior loans
Motion passed 4.0 by a roll -call vote. (Fonzi abstained)
2. Reauest to Borrow from Low and Moderate Income Housing Fund for
Payment to Supplemental Educational Revenue Augmentation Fund
S( ERAF)
■ 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 Treasurer Rachelle Rickard gave the staff report and answered questions from
the Board
PUBLIC COMMENT None
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Approved October 26, 2010
MOTION By Vice Chairperson Clay and seconded by Board Member
Beraud to
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
Motion passed 5.0 by a roll -call vote. (#1 Resolution No RA
2010-003, #2 Resolution No RA 2010-004)
BOARD ANNOUNCEMENTS AND REPORTS None
D ADJOURNMENT TO CITY COUNCIL MEETING
Chairperson Kelley adjourned the meeting at 6 18 p m
MINUTES PREPARED BY
Marcia McClure Torgerson, C M C
City Clerk / Board Secretary
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