HomeMy WebLinkAbout061207 RDA Minutes
I
I
I
MINUTES OF A REGULAR MEETING
OF
THE TEMECULA REDEVELOPMENT AGENCY
JUNE 12, 2007
A regular meeting of the City of Temecula Redevelopment Agency was called to order at 7:56
p.m., in the City Council Chambers. 43200 Business Park Drive, Temecula. California.
ROLL CALL
PRESENT:
5
AGENCY MEMBERS:
Comerchero, Naggar, Roberts,
Washington, and Edwards
ABSENT:
o
AGENCY MEMBERS:
None.
Also present were Executive Director Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No comments.
RDA CONSENT CALENDAR
37 Minutes
Approve the minutes of Mav 22.2007.
MOTION: Agency Member Washington moved to approve the RDA Consent Calendar.
Agency Member Comerchero seconded the motion and electronic vote reflected unanimous
approval.
RDA BUSINESS
38 Review and Adoption of the FY 2007-08 Annual Operatinq Budqet
RECOMMENDATION:
38.1 Adopt a resolution entitled:
RESOLUTION NO. RDA 07-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA
REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA ADOPTING THE FY
2007-08 ANNUAL OPERATING BUDGET AND ESTABLISHING CONTROLS ON
CHANGES IN APPROPRIATIONS
R:IMinules\OS1207
I
I
I
By way of Powerpoint Presentation, City Manager Nelson provided a staff report (of written
material) of the Temecula Redevelopment Agency FY-2007-2008 Annual Operating Budget,
highlighting on the following:
o Total Projected Revenues $16,192,529
o Total Proposed Operating Expenditures $13,657,287
o Development Agency Program Highlights
o Fayade Improvements ($80,000)
o Debt Service Increase $1.2M due to issuance of 2006 RDA Tax Allocation Bonds
o Old Town Specific Plan Implementation ($200,000).
MOTION: Agency Member Comerchero moved to approve the FY2007-08 Annual Operating
Budget. Agency Member Washington seconded the motion and electronic vote reflected
unanimous approval.
39 Review and Adoption of the FY 2008-12 Capjtallmprovement Budqet for the Redevelopment
Aqencv (RDA)
RECOMMENDATION:
39.1 Adopt a resolution entitled:
RESOLUTION NO. RDA 07-04
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA
REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA APPROVING THE
CAPITAL IMPROVEMENT PROGRAM FY 2008-12 AND ADOPTING THE
CAPITAL IMPROVEMENT BUDGET FOR FY 2007-08
City Manager Nelson provided a PowerPoint Presentation regarding the Capital Improvement
Budget for the Redevelopment Agency (RDA), highlighting on the following:
o Old Town Infrastructure Street Improvements
o Old Town Infrastructure Underground Utilities
o Old Town Infrastructure Parking Structure
o Old Town Infrastructure Town Square
o Old Town Mixed-Use (Dalton II & III)
o Habitat For Humanity (Habitat -II)
o Old Town Sixth Street Bollards.
In response to Agency Member Naggar's query, City Manager Nelson advised that funding
sources for the Phase I Civic Center will be funded by sale of bonds, Southern California Edison
(Rural 28), and General Fund Capital Reserves; and noted that the $21,000,000 received from
the sale of bonds must be solely utilized for redevelopment purposes.
At this time, the public hearing was opened, and due to no speakers, it was closed.
MOTION: Agency Member Roberts moved to approve the FY 2008-12 Capital Improvement
Budget for the Redevelopment Agency (RDA). Agency Member Washington seconded the
motion and electronic vote reflected unanimous approval.
R:\Minutes\OS1207
2
RDA EXECUTIVE DIRECTORS REPORT
I No additional comments.
RDA AGENCY MEMBERS REPORTS
No additional comments.
RDA ADJOURNMENT
At 8:10 p.m., the Temecula Redevelopment Agency meeting was formally adjourned to
Tuesday, June 26, 2007, at 5:30 p.m., for a Closed Session, with regular session commencing
at 7:00 p.m., City Council Chambers, 43200 Business Park Drive, Temecula, California.
n Edwards, Chairman
ATTEST:
I
[SEAL]
I
R:IMinuleslOS1207
3