HomeMy WebLinkAboutRA Minutes 2000-02-22SRRA MINUTES (Regular) 2/22/2000 Page 1
IN THE COUNCIL CHAMBER OF THE CITY OF SAN RAFAEL, TUESDAY, FEBRUARY 22, 2000 AT 7:30 PM
Regular Meeting:
San Rafael Redevelopment Agency:
Present: Albert J. Boro, Chairman
Paul M. Cohen, Member
Barbara Heller, Vice -Chair
Cyr N. Miller, Member
Gary 0. Phillips, Member
Absent: None
Also Present: Rod Gould, Executive Director
Gus Guinan, Assistant Agency Attorney
Jeanne M. Leoncini, Agency Secretary
ORAL COMMUNICATIONS OF AN URGENCY NATURE: 7:56 PM
None.
CONSENT CALENDAR:
Member Phillips moved and Member Cohen seconded, to approve the following Consent Calendar
items:
AGENCY CONSIDERATION:
4. RESOLUTION ADOPTING AMENDMENTS TO THE SAN RAFAEL REDEVELOPMENT AGENCY TWO-YEAR
BUDGET FOR 1999/2001 (MS) - File R-103
Assistant City Manager Kenneth Nordhoff stated staff had put forth a series of
amendments for both revenues and expenses, which they felt were necessary at this
time. He noted many of those amendments codified actions the Agency has taken, and
included in excess of $5 million worth of Capital projects that had been approved in
previous years, and which staff was rolling forward: the use of the new bond
proceeds issued last June to fund Capital needs at the Elementary and High School
District for $4.2 million, the Mahon Creek restoration, with $732,000 coming from
State Lands; and other incidental items, including design projects and additional
costs for bond trust administration.
SRRA MINUTES (Regular) 2/22/2000 Page 1
ITEM
RECOMMENDED ACTION
1. Approval
of Minutes of Regular
Meeting of
Minutes approved as
Monday,
February 7, 2000 (AS)
submitted.
2. Unapproved
Minutes of Citizens
Advisory Committee
Accepted report.
Meeting
of Thursday, February
3, 2000 (RA)
- File R-140
IVB
3. Monthly
Investment Report (MS)
- File R-123
Accepted Monthly Investment
Report for month ending
December, 1999, as presented.
AYES:
MEMBERS:
Cohen, Heller, Miller,
Phillips & Chairman Boro
NOES:
MEMBERS:
None
ABSENT:
MEMBERS:
None
AGENCY CONSIDERATION:
4. RESOLUTION ADOPTING AMENDMENTS TO THE SAN RAFAEL REDEVELOPMENT AGENCY TWO-YEAR
BUDGET FOR 1999/2001 (MS) - File R-103
Assistant City Manager Kenneth Nordhoff stated staff had put forth a series of
amendments for both revenues and expenses, which they felt were necessary at this
time. He noted many of those amendments codified actions the Agency has taken, and
included in excess of $5 million worth of Capital projects that had been approved in
previous years, and which staff was rolling forward: the use of the new bond
proceeds issued last June to fund Capital needs at the Elementary and High School
District for $4.2 million, the Mahon Creek restoration, with $732,000 coming from
State Lands; and other incidental items, including design projects and additional
costs for bond trust administration.
SRRA MINUTES (Regular) 2/22/2000 Page 1
SRRA MINUTES (Regular) 2/22/2000 Page 2
Mr. Nordhoff recalled last month, during a special study session, the Agency Members
had the opportunity to review the Agency's Performance Measures - Goals and
Objectives, and also had a chance to evaluate where the Agency is in that process.
Mr. Nordhoff stated staff would be back before the Agency in the Spring for a mid -
period review of this two-year budget, and would again update the Agency Members on
the progress of the goals, and re-evaluate the financial position of the
Redevelopment Agency.
Member Cohen referred to the rollovers, and asked if the Agency was still going to
expend the funds on the projects named? Mr. Nordhoff stated that was correct. He
explained the funds for projects the Agency has discussed in the past, such as the
Lindaro Street Undergrounding, Fifth Avenue Ditch Installation, and the Corporation
Yard, were funds the Agency had already committed in prior actions and were unspent,
and would be committed for those projects.
Regarding interest earnings, Member Cohen asked if Mr. Nordhoff was projecting a
potential increase of approximately $330,000? Mr. Nordhoff stated that was correct,
explaining that when staff was putting the Agency's budget together last Spring,
concurrently they were finalizing the deal on issuing the bonds, which occurred in
June. He noted he had estimated that number low, not knowing which projects were
going to be identified by the Agency members, which were accomplished in the budget,
or when those projects might actually occur. He stated that although the Agency is
in design and discussion on a number of those projects, those funds were not being
used as quickly, or to the extent he had initially thought. Therefore, there will
be additional interest earnings from those proceeds, and the monies can be used for
additional projects within the Agency.
Member Cohen asked if that was less the $91,000 in the plaza design and acoustics
system improvements? Mr. Nordhoff stated that was correct, noting the Agency
Members had already taken two actions to spend a portion of those funds.
Member Phillips moved and Member Cohen seconded, to adopt the Resolution adopting
amendments to the San Rafael Redevelopment Agency's 1999/2000 budget.
RESOLUTION NO. 2000-3 - RESOLUTION OF THE SAN RAFAEL REDEVELOPMENT AGENCY ADOPTING
AMENDMENTS TO THE 1999/2000 BUDGET.
AYES: MEMBERS: Cohen, Heller, Miller, Phillips & Chairman Boro
NOES: MEMBERS: None
ABSENT: MEMBERS: None
5. AGENCY MEMBER REPORTS:
None.
There being no further business to come before the Redevelopment Agency, the meeting was
adjourned at 8:00 PM.
JEANN1Y M. LEONCINI, Agency Secretary
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