HomeMy WebLinkAboutMinutes 011411Approved March 22, 2011
SPECIAL MEETING
see COMMUNITY REDEVELOPMENT
AGENCY OF ATASCADERO
Friday, January 14, 2011
5:30 p.m.
City of Atascadero City Hall
6907 EI Camino Real, Conference Room #4
Atascadero, California
VWX ACTION MINUTES
Chairperson Fonzi called the meeting to order at 5:30 p.m.
ROLL CALL:
Present: Board Members Clay, O'Malley, Sturtevant, Vice Chairperson
Kelley, and Chairperson Fonzi
Staff Present: Assistant Executive Director Jim Lewis, Board Treasurer Rachelle
Rickard, and Board Secretary Marcia McClure Torgerson.
am
Atascadero Redevelopment Agency Special Meeting Minutes
January 14, 2011
Page 1 of 6
Approved March 22, 2011
1. Mid Year Budget Adjustments and Appropriations
■ Recommendations: Agency Board:
1.
Adopt Draft Resolution amending the 2010-2011
fiscal year budget;
and,
2.
Appropriate funds for Blight Elimination
Projects and for Contract
Services for Blight Elimination and Economic
Growth for future fiscal
years as Staff has recommended below:
Project
Contract:Services for
Blight Reduction and
Blight Elimination
Fiscal Year
Economic Growth
Projects
Total
2011-2012
$ 774,680
$ 705,000
$ 1,479,680
2012-2013
$ 782,530
$ 1,032,000
$ 1,814,530
2013-2014
$ 798,810
$ 45,000
$ 843,810
2014-2015
$ 801,700
$ 1,020,000
$ 1,821,700
2015-2016
$ 813,880
$ 45,000
$ 858,880
2016-2017
$ 816,540
$ 1,020,000
$ 1,836,540
2017-2018
$ 833,040
$ 25,000
$ 858,040
$ 5,621,180 $ 3,892,000 $ 9,513,180
■ Fiscal Impact:
$445,970 decrease in Redevelopment Agency General Fund revenues
and $2,962,260 increase in Redevelopment Agency General Fund
expenditures for fiscal year 2010-2011
$14,400,280 increase in Redevelopment Agency 2010 Financing Project
Fund revenues and $14,400,280 increase in Redevelopment Agency 2010
Financing Project Fund expenditures for fiscal year 2010-2011
$2,145,970 increase in revenues for Redevelopment Agency 2010
Financing Debt Service Fund and $741,310 increase in expenditures for
Redevelopment Agency 2010 Financing Debt Service Fund for fiscal year
2010-2011
• $5,383,800 increase in expenditures for Low/Moderate Income Housing
Fund for fiscal year 2010-2011
$1,479,680 increase in expenditures for the Redevelopment Agency
General Fund in fiscal year 2011-2012
• $1,814,530 increase in expenditures for the Redevelopment Agency
General Fund in fiscal year 2012-2013
• $843,810 increase in expenditures for the Redevelopment Agency
General Fund in fiscal year 2013-2014
$1,821,700 increase in expenditures for the Redevelopment Agency
General Fund in fiscal year 2014-2015
• $858,880 increase in expenditures for the Redevelopment Agency
General Fund in fiscal year 2015-2016
Atascadero Redevelopment Agency Special Meeting Minutes
January 14, 2011
Page 2 of 6
Approved March 22, 2011
$1,836,540 increase in expenditures for the Redevelopment Agency
General Fund in fiscal year 2016-2017
$858,040 increase in expenditures for the Redevelopment Agency
General Fund in fiscal year 2017-2018
[Executive Director]
Board Treasurer Rachelle Rickard gave the staff report and answered questions from
the Board.
PUBLIC COMMENT: None
MOTION: By Vice Chairperson Kelley and seconded by Board Member
Sturtevant to:
1. Adopt Draft Resolution amending the 2010-2011 fiscal year
budget; and,
2. Appropriate funds for Blight Elimination Projects and for
Contract Services for Blight Elimination and Economic
Growth for future fiscal years as Staff has recommended
below:
err
2011-2012
$ 774,680
$ 705,000
$ 1,479,680
2012-2013
$ 782,530
$ 1,032,000
$ 1,814,530
2013-2014
$ 798,810
$ 45,000
$ 843,810
2014-2015
$ 801,700
$ 1,020,000
$ 1,821,700
2015-2016
$ 813,880
$ 45,000
$ 858,880
2016-2017
$ 816,540
$ 1,020,000
$ 1,836,540
2017-2018
$ 833,040
$ 25,000,
$ 858,040
$ 5,621,180 $ 3,892,000 $ 9,513,180
Motion passed 5:0 by a roll -call vote. (Resolution No. RA 2011-
001)
Atascadero Redevelopment Agency Special Meeting Minutes
January 14, 2011
Page 3 of 6
Approved March 22, 2011
2. Historic City Hall Project Contract and Loan Agreement
■ Recommendations: Agency Board:
1. Adopt the Draft Resolution irrevocably allocating funds for completion of
the City of Atascadero's Historic City Hall Project; and,
2. Authorize the Executive Director to execute a Financing Contract with the
City of Atascadero for the Historic City Hall Project; and,
3. Authorize the Executive Director to execute a Loan Agreement with the
City of Atascadero for the Historic City Hall Project.
■ Fiscal Impact: Expenditure of $13,000,000 in budgeted 2010 Financing
Project Funds. Loan of $10,000,000 in Redevelopment Agency General
funds and 2010 Financing Project funds. [Executive Director]
Board Treasurer Rachelle Rickard gave the staff report and answered questions from
the Board.
PUBLIC COMMENT: None
MOTION: By Board Member O'Malley and seconded by Board Member
Clay to:
1. Adopt the Draft Resolution irrevocably allocating funds for
completion of the City of Atascadero's Historic City Hall
Project; and,
2. Authorize the Executive Director to execute a Financing
Contract with the City of Atascadero for the Historic City
Hall Project; and,
ftw 3. Authorize the Executive Director to execute a Loan
Agreement with the City of Atascadero for the Historic City
Hall Project.
Motion passed 5:0 by a roll -call vote. (#1: Resolution No. RA
2011-002, #2: Contract No. RA 001-2011, #3: Contract No. RA
002-2011)
3. Blight Elimination Projects Contract
■ Recommendations: Agency Board:
1. Adopt Draft Resolution irrevocably allocating funds for completion of the
Agency Identified Blight Elimination Projects; and,
2. Authorize the Executive director to execute a Change Order to the City of
Atascadero for the Financing Agreement dated December 9, 2009 for the
Zoo Wall Improvement Project in the amount of $180,000; and,
3. Authorize the Executive Director to execute a Financing Contract with the
City of Atascadero for the Agency Identified Blight Elimination Projects.
■ Fiscal Impact: Expenditure of $8,176,820 in budgeted Redevelopment
Agency General funds and 2010 Financing Project funds. [Executive Director]
Board Treasurer Rachelle Rickard gave the staff report and answered questions from
the Board.
Atascadero Redevelopment Agency Special Meeting Minutes
January 14, 2011
Page 4 of 6
Approved March 22, 2011
PUBLIC COMMENT: None
MOTION: By Board Member Sturtevant and seconded by Vice
Chairperson Kelley to
1. Adopt Draft Resolution irrevocably allocating funds for
completion of the Agency Identified Blight Elimination
Projects; and,
2. Authorize the Executive director to execute a Change Order
to the City of Atascadero for the Financing Agreement
dated December 9, 2009 for the Zoo Wall Improvement
Project in the amount of $180,000; and,
3. Authorize the Executive Director to execute a Financing
Contract with the City of Atascadero for the Agency
Identified Blight Elimination Projects.
Motion passed 5:0 by a roll -call vote. (#1: Resolution No. RA
2011-003, #3: Contract No. RA 003-2011)
4. Affordable Housinq Contract
■ Recommendations: Agency Board:
1. Adopt the Draft Resolution irrevocably allocating funds for the production
of 24 affordable housing units; and,
2. Authorize the Executive Director to execute a Financing Contract with the
City of Atascadero for the production of 24 affordable housing units.
■ Fiscal Impact: Expenditure of $5,383,800 in Low/Moderate Income Housing
funds. [Executive Director]
Board Treasurer Rachelle Rickard gave the staff report and answered questions from
the Board.
PUBLIC COMMENT: None
MOTION: By Board Member Clay and seconded by Vice Chairperson
Kelley to:
1. Adopt the Draft Resolution irrevocably allocating funds for
the production of 24 affordable housing units; and,
2. Authorize the Executive Director to execute a Financing
Contract with the City of Atascadero for the production of
24 affordable housing units.
Motion passed 5:0 by a roll -call vote. (#1: Resolution No. RA
2011-004, #2: Contract No. RA 004-2011)
Atascadero Redevelopment Agency Special Meeting Minutes
January 14, 2011
Page 5 of 6
Approved March 22, 2011
S. Contract Service for Blight Reduction and Economic Growth
■ Recommendations: Agency Board:
1. Adopt the Draft Resolution irrevocably allocating funds for Contract
Services for Blight Reduction and Economic Growth; and,
2. Authorize the Executive Director to execute a Financing Contract with the
City of Atascadero for contract services for blight reduction and economic
growth.
■ Fiscal Impact: Expenditure of $5,621,180 in Redevelopment Agency General
funds. [Executive Director]
Board Treasurer Rachelle Rickard gave the staff report and answered questions from
the Board.
PUBLIC COMMENT: None
MOTION: By Board Member O'Malley and seconded by Board Member
Sturtevant to:
1. Adopt the Draft Resolution irrevocably allocating funds for
Contract Services for Blight Reduction and Economic
Growth; and,
2. Authorize the Executive Director to execute a Financing
Contract with the City of Atascadero for contract services
for blight reduction and economic growth.
Motion passed 5:0 by a roll -call vote. (#1: Resolution No. RA
2011-005, #2: Contract No. RA 005-2011)
ADJOURNMENT:
Chairperson Fonzi adjourned the meeting at 5:50 p.m.
MINUTES PREPARED BY:
Marcia McClure Torgerson, C.M.C.
City Clerk / Board Secretary
Atascadero Redevelopment Agency Special Meeting Minutes
January 14, 2011
Page 6 of 6