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HomeMy WebLinkAboutRA Minutes 1998-06-01SRRA MINUTES (Regular) 6/1/98 Page 1 IN THE COUNCIL CHAMBER OF THE CITY OF SAN RAFAEL, MONDAY, JUNE 1, 1998 AT 8:10 PM Regular Meeting: Present: Albert J. Boro, Chairman San Rafael Redevelopment Agency: Paul M. Cohen, Councilmember Barbara Heller, Member Cyr N. Miller, Member Absent: Gary O. Phillips, Member Also Present: Rod Gould, Executive Director Gus Guinan, Assistant Agency Attorney Jeanne M. Leoncini, Agency Secretary CLOSED SESSION - 7:00 PM None. ORAL COMMUNICATIONS OF AN URGENCY NATURE: PM None 8:10 CONSENT CALENDAR Member Heller moved and Member Cohen seconded, to approve the following Consent Calendar item: ITEM RECOMMENDED ACTION 1. Approval of Minutes Regular Meeting of Approved as submitted. Monday, May 18, 1998 (AS) AYES: MEMBERS: Cohen, Heller & Chairman Boro NOES: MEMBERS: None ABSENT: MEMBERS: Phillips ABSTAINING: MEMBERS: Miller (due to absence from meeting of 5/18/98) AGENCY CONSIDERATION: 2. STATUS REPORT ON CINEPLEX PROPOSALS AND CREATION OF AN AGENCY REVIEW COMMITTEE (RA) - File R-407 Economic Development Director Jake Ours reported the Agency had received three very good proposals, and has sent additional requests to each of the operators, asking for more information. He stated interviews have been scheduled for June 24th with each of the three operators, and staff would like to make the final selection at the Agency meeting on July 6, 1998. Mr. Ours stated staff would like to have two members of the Agency sit on the interview panel. Member Heller moved and Member Miller seconded, to appoint Chairman Boro and Member Gary Phillips as representatives to the Agency Review Committee. SRRA MINUTES (Regular) 6/1/98 Page 1 SRRA MINUTES (Regular) 6/1/98 Page 2 AYES: MEMBERS: Cohen, Heller, Miller & Chairman Boro NOES: MEMBERS: None ABSENT: MEMBERS: Phillips 3. PRESENTATION OF DRAFT 1998/99 BUDGET, PLUS SERVICE OPTIONS (Admin. Svcs.) - File R-103 Administrative Services Director Ken Nordhoff explained staff had prepared this budget similar to budgets in the past, looking at the cost of our operations, and the Capital requirements for the coming year. He noted staff had included, for the first time, a fully funded Events Coordinator, which has been costed out on a fiscal year basis; they have incorporated the debt service on our bonds, for both 1992 and 1995; and they sat down with Public Works Department and Redevelopment Agency staff and worked up a series of Capital Projects requests. He stated those requests totaled just over $4 million for Capital needs in the coming year, noting the majority, or approximately $3.5 million, has been set aside for the relocation of the Corporation Yard, as part of the Fair, Isaac project. He noted this anticipates that we will obtain the sales proceeds necessary to sell our site, and reinvest those funds in a new site. Mr. Nordhoff stated the major issue relating to the Agency's finances was the threat to the Agency continuing in existence. He reported that at the end of fiscal year 1998/99 there would only be approximately $900,000 left from the proceeds of our last two bond issues, and we are currently operating at between $500,000 and $600,000 in terms of ongoing expenses to fund Agency staff, and included in that is approximately $200,000 of funding engineering support for Capital Projects. Mr. Nordhoff stated we would definitely have to look at alternative means of continuing to maintain this level of funding, noting that may include a combination of identifying some portion of the Redevelopment staff who earmark their time toward economic development, paying that out of the City's coffers. He reported we would be working very closely with the County to see to what extent we could restructure current agreements that are shared among the County, the schools, and the colleges, and see if we can roll that into another bond issue, and develop additional sources of funds. Mr. Nordhoff stated at this time we were showing total appropriations of approximately $7.8 million, with revenues coming in of approximately $4.9 million, noting the difference of approximately $3 million was the result of spending down our bond proceeds, which were issued in 1992 and 1995. Member Heller asked if the $250,000 shown under the Project Description for Mahon Creek Flood Control included the $150,000 Fair, Isaac was contributing toward that project? Mr. Ours stated Fair, Isaac would be contributing $250,000; however, that amount did not include the design work, it was mainly for the "hardware". Therefore, the $250,000 shown was the Agency's expense for the design work. Mr. Nordhoff stated the Agency would come forward at the Budget Hearing on June 29th, and lay out its goals and objectives, noting they propose to take an action to adopt the budget on July 6, 1998. Member Heller asked where the "B" Street Redevelopment Project was shown in the budget? Mr. Ours explained the purchase of that would come out of the Housing Fund, and would not come out of the Capital Funds. Mr. Nordhoff noted money had already been set aside, $1,350,000 in the Housing Fund for SRRA MINUTES (Regular) 6/1/98 Page 2 SRRA MINUTES (Regular) 6/1/98 Page 3 this project. Juaquin Gallardo, resident of "B" Street, asked how the $1,350,000 would be allocated? Mr. Ours reported it was for the purchase of real estate on "B" Street, between Third and Second Streets. Mr. Gallardo asked if the residents had been notified about their properties? Mr. Ours responded that they had, noting this was an ongoing Redevelopment project. He reported the Agency notified everyone over a year ago, and would be notifying them again, once the project is renewed, noting the project was on hold right now. Mr. Gallardo stated some of the neighbors had heard rumors about this, but had not received any real information. Chairman Boro pointed out the Agency was not taking any action on this issue tonight, noting all the Agency was doing at this time was keeping the funds in the budget, not acting on the purchase. He stated that when the Agency begins that process, they would re -start the Redevelopment process and restart the noticing. Mr. Gallardo noted that in the past, the Redevelopment Agency did not have any housing for the people who were going to be displaced, and asked if there would be any kind of plan to address that this time? Chairman Boro responded there was, noting that information would come out when the project is discussed. Member Cohen moved and Member Miller seconded, to accept the report as presented. AYES: MEMBERS: Cohen, Heller, Miller & Chairman Boro NOES: MEMBERS: None ABSENT: MEMBERS: Phillips There being no further business to come before the Redevelopment Agency, the meeting was adjourned at 8:20 PM. JEANNE M. LEONCINI, Agency Secretary SRRA MINUTES (Regular) 6/1/98 Page 3