HomeMy WebLinkAboutRA Minutes 2002-05-20SRRA MINUTES (Regular) 05/20/2002 Page 1
IN THE COUNCIL CHAMBER OF THE CITY OF SAN RAFAEL, MONDAY, MAY 20, 2002 AT 7:30 PM
Regular Meeting:
San Rafael Redevelopment Agency
Present: Albert J. Boro, Chairman
Paul M. Cohen, Vice -Chair
Barbara Heller, Member
Cyr N. Miller, Member
Gary O. Phillips, Member
Absent: None
Also Present: Rod Gould, Executive Director
Gary T. Ragghianti, Agency Attorney
Esther C. Beirne, Deputy Agency Secretary
CLOSED SESSION — CONFERENCE ROOM 201:
None
ORAL COMMUNICATIONS OF AN URGENCY NATURE:
None
CONSENT CALENDAR:
8:24 PM
Member Phillips moved and Member Cohen seconded, to approve the following Consent Calendar items:
ITEM RECOMMENDED ACTION
Approval of Minutes of Regular Meeting of Monday, Approved as submitted.
May 6, 2002 (AS)
2. Unapproved Minutes of Citizens Advisory Committee Accepted report.
Meeting of Thursday, May 2, 2002 (RA) —
File R-140 IVB
AYES: MEMBERS: Cohen, Heller, Miller, Phillips and Chairman Boro
NOES: MEMBERS: None
ABSENT: MEMBERS: None
AGENCY CONSIDERATION:
3. RESOLUTION AUTHORIZING TRANSMITTAL OF THE DRAFT THIRD AMENDED AND RESTATED
REDEVELOPMENT PLAN FOR THE CENTRAL SAN RAFAEL REDEVELOPMENT PROJECT, THE
PRELIMINARY REPORT ON THE AMENDED PLAN AND THE ENVIRONMENTAL
DOCUMENTATION FOR THE AMENDED PLAN (RA) — FILE R-140 XIX
Economic Development Director Nancy Mackle stated this is a Plan Amendment for the Redevelopment
Plan. She reported that staff is preparing for the remainder of the life of the Agency and in so doing, is
evaluating how to finance additional projects, and to do this, the Plan needs to be amended. Ms. Mackle
announced that Economic Development Coordinator Stephanie Lovette would present the report, noting
it was somewhat different from previous Plan Amendments.
Economic Development Coordinator Stephanie Lovette explained this amends the Redevelopment
Agency Plan to extend the revenue cap, as the current one is constraining the Agency's ability to
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finance additional activities. She stated that when the planning process was initiated, staff was
considering the following:
1) Amending the cap; and
2) Extending the Agency's ability to undertake activities from 2004 to 2012.
Ms. Lovette stated that luckily with regard to SB 211, it was possible to do this (extension) in an earlier
action; therefore, increasing the cap was the only issue before the Agency this evening. She explained
that the reason for increasing the cap is the fact that the Agency has an additional ten years of life, until
2012, and the current cap is constraining the ability to issue bonds to complete the activities that need
to be done in order to cure the blighting influences in the project area.
Ms. Lovette stated that as articulated by Ms. Mackle, a financial amendment is somewhat different from
the amendments undertaken for the Second Amendment. It requires the same documentation as if a
new project were being adopted, which is the reason for the fairly thick document. Ms. Lovette stated
the blight remaining in the project area has to be shown, together with the projects proposed to cure
these blighting conditions, and a feasible plan to finance the proposed activities. She explained the
documentation before the Agency this evening was prepared to do all of the above.
Ms. Lovette indicated the cap is being raised at this time based on an analysis of all of the activities the
Agency will need to undertake in order to cure the remaining blight influences in the project area over
the next ten years. She stated staff is also evaluating amending the cap to include all of the activities at
this time to preempt going through the expense and documentation of conducting a further Plan
Amendment within the next ten years. She explained that the Plan Amendment does not obligate the
Agency to issue additional debt; additional debt can only be issued supported by the amount of net tax
increment available, and this will be decided bi-annually through the budget process.
Referring to the item entitled Financial Feasibility on page 3 of the staff report, which addresses an
analysis assuming an assessed value growth of 11 % which is necessary for the proposed project to be
financially feasible, and as the history does not support 11 %, Member Phillips questioned the
consequence of the conclusion if 11 % is required to make it financially feasible.
Responding, Ms. Lovette stated the tax increment would need to grow 11 % over the next ten years in
order to undertake all of the projects laid out in the document. Should that amount of tax increment not
be available, the projects being undertaken would be cut back. She explained that the Plan would
remain financially feasible because less activities would be undertaken.
Member Phillips moved and Member Miller seconded, to adopt the Resolution.
RESOLUTION NO. 2002-09 — RESOLUTION AUTHORIZING TRANSMITTAL OF THE DRAFT
THIRD AMENDED AND RESTATED REDEVELOPMENT PLAN
FOR THE CENTRAL SAN RAFAEL REDEVELOPMENT
PROJECT, THE PRELIMINARY REPORT ON THE AMENDED
PLAN AND THE ENVIRONMENTAL DOCUMENTATION FOR
THE AMENDED PLAN
AYES: MEMBERS: Cohen, Heller, Miller, Phillips and Chairman Boro
NOES: MEMBERS: None
ABSENT: MEMBERS: None
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AGENCY MEMBER REPORTS:
4. a) Upcoming Events: - File R-181 x R-140#8 (Verbal)
Economic Development Director Nancy Mackle reported that the Farmers' Market is booming at this
early stage in the season, and the Italian Street Painting Festival takes place on June 8 and 9, 2002.
b) Classic Car Parade: - File R-181 x 140#8 (Verbal)
Chairman Boro congratulated the Business Improvement District and Redevelopment Agency on the
very successful Classic Car Parade held on Saturday, May 18, 2002.
There being no further business, the San Rafael Redevelopment Agency meeting was adjourned at 8:30 PM.
JEANNE M. LEONCINI, Agency Secretary
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