HomeMy WebLinkAbout061008 RDA MinutesMINUTES OF A REGULAR MEETING
OF
THE TEMECULA REDEVELOPMENT AGENCY
JUNE 10, 2008
A regular meeting of the City of Temecula Redevelopment Agency was called to order at 7:55
p.m., in the City Council Chambers, at 43200 Business Park Drive, Temecula, California.
ROLL CALL
PRESENT: 5 AGENCY MEMBERS: Comerchero, Edwards, Naggar,
Washington, Roberts
ABSENT: 0 AGENCY MEMBERS: None.
Also present were City Manager Nelson, City Attorney Thorson, and City Clerk Jones.
PUBLIC COMMENTS
No public input.
RDA CONSENT CALENDAR
' 25 Minutes
RECOMMENDATION:
25.1 Approve the minutes of May 27, 2008.
MOTION: Agency Member Washington moved to approve the Consent Calendar. Agency
Member Edwards seconded the motion and electronic vote reflected approval with the
exceation of Agency Comerchero who abstained.
RDA BUSINESS
26 Review and Adoption of the FY 2008-09 Annual Ooeratinp Budget (RDA)
RECOMMENDATION:
26.1 Adopt a resolution entitled:
RESOLUTION NO. RDA 08-02
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA
REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA ADOPTING THE FY
2008-09 ANNUAL OPERATING BUDGET AND ESTABLISHING CONTROLS ON
' CHANGES IN APPROPRIATIONS
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' By way of PowerPoint Presentation, City Manager Nelson provided a brief staff report on the
Annual Operating Budget, highlighting the main components as follows:
• Total Projected Revenues $19,135,541
• Total Proposed Operating Expenditures $28,569,466
o Fagade Improvements ($80,000)
o Debt Service Increase of $737,687 due to issuance of 2007 RDA Tax Allocation
Bonds
o $1.6 Million First-Time Homebuyer Program
o $208,350 Old Town Promotions
MOTION: Agency Member Edwards moved to approve staff recommendation. Agency
Member Washington seconded the motion and electronic vote reflected unanimous aaaroval.
27 Review and Adoption of the FY 2009-13 Capital Improvement Budget for the Redevelopment
Agencv (RDA)
RECOMMENDATION:
27.1 Adopt a resolution entitled:
RESOLUTION NO. RDA 08-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE TEMECULA
' REDEVELOPMENT AGENCY OF THE CITY OF TEMECULA APPROVING THE
CAPITAL IMPROVEMENT PROGRAM FY 2009-13 AND ADOPTING THE
CAPITAL IMPROVEMENT BUDGET FOR FY 2008-09
City Manager Nelson, by way of PowerPoint presentation, provided a review of the RDA Annual
Capital Improvement Budget, highlighting on the following main components:
• Old Town Infrastructure Street Improvements
• Old Town Infrastructure Underground Utilities
• Old Town Infrastructure Town Square
• Old Town Infrastructure Parking Structure
• Auto Mall Sign
• Redevelopment Affordable Housing
o $8.7 Million for Various Housing Projects
o $200,000 Residential Improvements Program
MOTION: Agency Member Comerchero moved to approve staff recommendation. Agency
Member Edwards seconded the motion and electronic vote reflected unanimous approval.
The City Council commended staff with respect to the financing portion of the Operating Budget.
RDA DEPARTMENTAL REPORT
' No reports at this time.
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RDA EXECUTIVE DIRECTORS REPORT
No reports at this time.
RDA AGENCY MEMBERS REPORTS
No reports at this time.
RDA ADJOURNMENT
At 8:15 p.m., the Temecula Redevelopment Agency meeting was formally adjourned to
Tuesday, June 24, 2008, at 5:30 p.m. for Closed Session, with regular session commencing at
7:00 p.m., City Council Chambers, 43200 Business Park Drive, Temecula, California
Ron Roberts, Chairperson
ATTEST:
Susan ones, MMC
City CI rk/ gency Secr
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