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HomeMy WebLinkAboutAG RPTS 2011 0615 RDA REG—� F8TAB-IM MAN It INV n IF Resolution No. 2011 -247 REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK REGULAR MEETING AGENDA WEDNESDAY, JUNE 15, 2011 7:00 P.M. Moorpark Community Center 799 Moorpark Avenue 1. CALL TO ORDER: 2. ROLL CALL: 3. PUBLIC COMMENT: 4. REORDERING OF, AND ADDITIONS TO, THE AGENDA: 5. PRESENTATION /ACTION /DISCUSSION: A. Consider Resolution Adopting an Operating and Capital Improvements Budget for the Moorpark Redevelopment Agency for Fiscal Year 2011/2012. Staff Recommendation: Adopt Resolution No. 2011- ROLL CALL VOTE REQUIRED (Staff: Steven Kueny) All writings and documents provided to the majority of the Agency regarding all open - session agenda items are available for public inspection at the City Hall public counter located at 799 Moorpark Avenue during regular business hours. The agenda packet for all regular Redevelopment Agency meetings is also available on the City's website at www.ci.mooroark.ca.us. Any member of the public may address the Agency during the Public Comments portion of the Agenda, unless it is a Public Hearing or a Presentation /Action/ Discussion item. Speakers who wish to address the Agency concerning a Public Hearing or Presentations /Action/Discussion item must do so during the Public Hearing or Presentations /Action/ Discussion portion of the Agenda for that item. Speaker cards must be received by the City Clerk for Public Comment prior to the beginning of the Public Comments portion of the meeting; for a Presentation /Action /Discussion item, prior to the Chair's call for speakercards foreach Presentation /Action/ Discussion agenda item; and for a Public Hearing item, prior to the opening of each Public Hearing, or beginning of public testimonyfor a continued hearing. A limitation of three minutes shall be imposed upon each Public Comment and Presentation/Action/Discussion item speaker. A limitation of three to five minutes shall be imposed upon each Public Hearing item speaker. Written Statement Cards may be submitted in lieu of speaking orally for open Public Hearings and Presentation/Action/Discussion items. Any questions concerning any agenda item may be directed to the City Clerk's office at 517 -6223. Redevelopment Agency Agenda June 15, 2011 Page 2 6. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED) A. Consider Minutes of Special Meeting of March 25 2011. Staff Recommendation: Approve the minutes. B. Consider Minutes of Regular Meeting of April 20, 2011. Staff Recommendation: Approve the minutes. C. Consider Resolution Adopting Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency. Staff Recommendation: Adopt Resolution No. 2011- ROLL CALL VOTE REQUIRED (Staff: Ron Ahlers) 7. CLOSED SESSION: A. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Significant exposure to litigation pursuant to Subdivision (b) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) B. CONFERENCE WITH LEGAL COUNSEL - ANTICIPATED LITIGATION Initiation of litigation pursuant to Subdivision (c) of Section 54956.9 of the Government Code: (Number of cases to be discussed - 4) 8. ADJOURNMENT: In compliance with the Americans with Disabilities Act, if you need special assistance to review an agenda or participate in this meeting, including auxiliary aids or services, please contact the City Clerk's Division at (805) 517 -6223. Upon request, the agenda can be made available in appropriate alternative formats to persons with a disability. Any request for disability - related modification or accommodation should be made at least 48 hours prior to the scheduled meeting to assist the City staff in assuring reasonable arrangements can be made to provide accessibility to the meeting (28 CFR 35.102 - 35.104; ADA Title In. Redevelopment Agency Agenda June 15, 2011 Page 3 STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss CITY OF MOORPARK ) AFFIDAVIT OF POSTING I, Maureen Benson, declare as follows: That I am the City Clerk of the City of Moorpark and that a notice for a Regular Meeting of the Redevelopment Agency of the City of Moorpark to be held Wednesday, June 15, 2011, at 7:00 p.m. in the Council Chambers of the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California, was posted on June 10, 2011, at a conspicuous place at the Moorpark Community Center, 799 Moorpark Avenue, Moorpark, California. I declare under penalty of perjury that the foregoing is true and correct. Executed on June 10, 2011. Maureen Benson, City Clerk MOORPARK REDEVELOPMENT AGENDA REPORT TO: Honorable Board of Directors FROM: Steven Kueny, Executive Director BY: Ron Ahlers, Finance Director 62A— ITEM 5.A. CITY OF MOORPARK, CALIFORNIA Redevelopment Agency Meeting DATE: June 6, 2011 (MRA Meeting of June 15, 2011) SUBJECT: Consider Resolution Adopting an Operating and Capital Improvements Budget for the Redevelopment Agency of the City of Moorpark for the Fiscal Year 2011/2012 DISCUSSION On May 18, 2011 the City Manager /Executive Director presented to the Board of Directors his recommended Operating and Capital Improvements Budget for the Fiscal Year 2011/2012. The Agency Board of Directors held a public meeting on the budget during a study session on May 25, 2011. The Board of Directors made no changes to the recommended Agency Budget. Staff recommends that the Board of Directors adopt the attached resolution. The final budget document has been provided to the Agency Board of Directors under separate cover as well as made available to the public on the City's web site, at City Hall and the Moorpark Library. STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2011- Attachment: Resolution No. 2011- RESOLUTION NO. 2011- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING THE OPERATING AND CAPITAL IMPROVEMENT BUDGET FOR THE REDEVELOPMENT AGENCY OF THE CITY OF MOOPRARK FOR THE FISCAL YEAR 2011/2012 WHEREAS, on May 18, 2011 the City Manager /Executive Director's Recommended Budget for Fiscal Year 2011/2012 was submitted to the City Council and Agency Board of Directors for its review and consideration; and WHEREAS, the Board of Directors has provided the opportunity for public comment at a public meeting held on May 25, 2011, and conducted detailed review of expenditure proposals; and WHEREAS, as the result of the reviews and analysis, expenditure proposals and revenue projections have been modified as needed. NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Operating and Capital Improvements Budget for Fiscal Year 2011/2012 (beginning July 1, 2011) for the Redevelopment Agency of the City of Moorpark containing operating and capital expenditures and anticipated revenues as identified in Exhibit "A" to this resolution, attached hereto and incorporated herein, shall be adopted as the Redevelopment Agency of the City of Moorpark's Operating and Capital Improvements Budget for Fiscal Year 2011/2012. SECTION 2. The Executive Director is authorized to amend the capital improvement budget for the Fiscal Year 2011/2012 at the conclusion of the Fiscal Year 2010/2011 when a final accounting of project costs during the Fiscal Year 2010/2011 is complete and continuing appropriations are determined, as long as the total project appropriation authorized by the Board of Directors is not exceeded. SECTION 3. The Executive Director is authorized to approve appropriation transfers within departments and within individual funds as required to provide efficient and economical services, as long as the total department appropriation and fund appropriation authorized by the Board of Directors is not exceeded. 2 Resolution No. 2011 - Page 2 SECTION 4. Except as otherwise provided in this resolution, amendments to appropriations in the Fiscal Year 2011/2012 Operating and Capital Improvements Budget shall require Board action by resolution. SECTION 5. The Executive Director is authorized to make such emergency appropriations as may be necessary to address emergency needs of the Agency, provided that the appropriation is presented to the Board of Directors at its next regular meeting for ratification. SECTION 6. Administrative and planning expenditures, including direct salaries, indirect overhead charges, and other similar costs, are necessary for the production, improvement, and preservation of low- and moderate - income housing. SECTION 7. The Agency Secretary shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 15th day of June, 2011. Janice Parvin, Chair ATTEST: Maureen Benson, Agency Secretary Attachment: Exhibit "A" 3 Resolution No. 2011 - Page 3 Exhibit A Operating and Capital Improvements Budget For the Redevelopment Agency of the City of Moorpark Fiscal Year 2011/2012 Provided Separately 0 �.ITY OF MOORPARK, CALIFORNIA Redevelopment Agency Meeting of (o z -av/i ACTION: �,L,Q.�c�� ITEM 6.A. �! —VR9UTES OF THE SPECIAL MEETING OF THE sY: _ P, ENT AGENCY OF THE CITY OF MOORPARK Moorpark, California May 25, 2011 A Special Meeting of the Redevelopment Agency of the City of Moorpark was held on May 25, 2011, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, Caldomia. 1. CALL TO ORDER: Chair Parvin called the meeting to order concurrently with the Special City Council meeting at 7:04 p.m. 2. ROLL CALL: Present: Agency Members Mikos, Millhouse, Pollock, Van Dam, and Chair Parvin. Staff Present: Steven Kueny, Executive Director; Hugh Riley, Assistant Executive Director: Deborah Traffenstedt, Deputy City Manager; Ron Ahlers, Agency Treasurer; David Moe, Redevelopment Manager; and Maureen Benson, Agency Secretary. 3. PUBLIC COMMENT: None. 4. REORDERING OF, AND ADDITIONS TO, THE AGENDA: None. 5. PRESENTATION/ACTION /DISCUSSION: A. Consider Proposed Operating and Capital Improvements Budget for the Fiscal Year 2011/12. Staff Recommendation: Discuss proposed budget for Fiscal Year 2011/12. Refer to City Council Special Meeting Minutes for May 25, 2011, for discussion pertaining to this item. MOTION: Agency Member Pollock moved and Chair Parvin seconded a motion to approve the recommendations of the Executive Director for balancing the budget and set budget adoption for June 15, 2011. The motion carried by unanimous roll call vote. 61 Minutes of the Redevelopment Agency Mooreark California Paae 2 May 25, 2011 6. CLOSED SESSION: None was held. 7. ADJOURNMENT: Chair Parvin adjourned the Redevelopment Agency meeting at 8:40 p.m. Janice S. Parvin, Chair ATTEST: Maureen Benson, Agency Secretary R CITY OF MOORPARK, CALIFORNIA ITEM G_B• Redevelopment Agency Meeting of ACTION: -+ DEVELOPMENT AGENCY OF THE CITY OF MOORPARK la 1 20, 2011 A Regular Meeting of the Redevelopment Agency of the City of Moorpark was held on April 20, 2011, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chair Parvin called the meeting to order at 7:17 p.m. 2. ROLL CALL: Present: Agency Members Mikos, Pollock, Van Dam, and Chair Parvin. Absent: Agency Member Millhouse. Staff Present: Steven Kueny, Executive Director; Hugh Riley, Assistant Executive Director; Deborah Traffenstedt, Deputy City Manager; Ron Ahlers, Agency Treasurer; David Moe, Redevelopment Manager; and Maureen Benson, Agency Secretary. 3. PUBLIC COMMENT: None. 4. REORDERING OF, AND ADDITIONS TO, THE AGENDA: None. 5. CONSENT CALENDAR: (ROLL CALL VOTE REQUIRED) MOTION: Agency Member Mikos moved and Agency Member Pollock seconded a motion to approve the Consent Calendar. The motion carried by roll call vote 4 -0, Agency Member Millhouse absent. A. Consider Minutes of Regular Meeting of April 6, 2011. Staff Recommendation: Approve the minutes. B. Consider Agreement with Overland, Pacific and Cutler, Inc. for On -Call Relocation Services. Staff Recommendation: 1) Approve Agreement, subject to final language approval by Executive Director and Agency Counsel; and 2) Authorize the Executive Director to execute the Agreement on behalf of the Agency. 7 Minutes of the Redevelopment Agency Moorpark, California Page 2 April 20, 2011 C. Consider Granting a Right of Way Easement to the City of Moorpark for a Portion of APN 511 -0- 101 -530 (347 Moorpark Avenue). Staff Recommendation: 1) Approve granting an easement to the City of Moorpark for right of way purposes; and 2) Authorize the Executive Director to execute any documents necessary to grant the easement, subject to final language approval by the Executive Director and Agency Counsel. D. Consider Award of Bid and Project Approval for the Demolition of 1083 Walnut Canyon Road and 112 First Street and Resolution Amending the Fiscal 2010/11 Budget. Staff Recommendation: 1) Approve the removal of 1083 Walnut Canyon Road and 112 First Street; 2) Award bid to Flores - Sierra Contractors, Inc. for $17,703.40, including a 10% project contingency and authorize execution of the Agreement by the Executive Director, subject to final language approval by the Executive Director and Agency Counsel; and 3) Adopt Resolution No. 2011 -246. 6. CLOSED SESSION: None was held. 7. ADJOURNMENT: Chair Parvin adjourned the meeting at 7:18 p.m. Janice S. Parvin, Chair ATTEST: Maureen Benson, Agency Secretary ITEM 6.C. CITY OF MOORPARK, CALIFORNIA Redevelopment Agency Meeting of - / -6a o // ACTION: g MOORPARK REDEVELOPMENT AGMCY AGENDA REPORT TO: Honorable Board of Directors FROM: Ron Ahlers, Finance Director DATE: June 2, 2011 (MRA Meeting of June 15, 2011) SUBJECT: Consider Resolution Adopting Loan Agreement between the City of Moorpark and the Moorpark Redevelopment Agency BACKGROUND The California Health and Safety Code on Community Redevelopment Law Section 33601 allows redevelopment agencies to borrow funds from the state or federal government or any other public agency for any redevelopment project within its area of operation for any purposes allowed by this section and may comply with any conditions of such loan. Several times since the creation of the Moorpark Redevelopment Agency, the Agency has borrowed funds from the City of Moorpark for specific purposes. All loans have been repaid by June 30th of each fiscal year. DISCUSSION For FY 2011/2012, the Agency has budgeted approximately $16.4 million in expenditures, including $10.0 million for capital improvements. While the Agency's annual revenues and existing fund balances are sufficient to finance these expenditures, it is our practice for all expenditures to be paid by the City and then these "advances" are repaid by the Agency. This is a common practice intended to comply with state laws that require Redevelopment Agencies to incur debt and to assist with Agency cash flow. Additionally, the Agency's cash flow has been negatively impacted by the taking of redevelopment tax increment by the State of California. The Agency paid the State $396,345 this year and $1,925,105 last May 2010, which reduced the cash position of the Agency. Therefore, the need for this $5 million loan is even greater this year. Staff is recommending a loan from the City to the Agency in the amount of $5.0 million as an advance for anticipated operating and capital expenditures for FY 2011/12. The Agency would be charged a rate equal to the rate earned on investments (the 9 Honorable Agency Board of Directors June 15, 2011 Page 2 higher of "LAIF" or the Ventura County Pool) plus 1%; currently this would be approximately 2.6 %. The loan would be provided by the City's Special Projects Fund, which will have sufficient cash available, and would be due no later than June 30, 2012. STAFF RECOMMENDATION (Roll Call Vote) Adopt Resolution No. 2011- approving a Loan Agreement with the City of Moorpark. Attachment: Resolution No. 2011- 10 RESOLUTION NO. 2011- A RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, ADOPTING A LOAN AGREEMENT BETWEEN THE CITY OF MOORPARK AND THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK FOR FY 2011/12 WHEREAS, the City of Moorpark has agreed to advance funds from the Special Projects Fund (4004) to the Redevelopment Agency of the City of Moorpark in accordance with the terms of a Loan Agreement dated July 1, 2011; and WHEREAS, the Redevelopment Agency of the City of Moorpark has agreed to accept the terms and conditions of the Loan Agreement dated July 1, 2011. NOW, THEREFORE, THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Loan Agreement between the City of Moorpark and the Redevelopment Agency of the City of Moorpark dated July 1, 2011, and attached as Exhibit "A" to this resolution, is hereby adopted. SECTION 2. The Agency Secretary shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 151h day of June, 2011. Janice S. Parvin, Chair ATTEST: Maureen Benson, Agency Secretary Attachment: Exhibit "A" 11 EXHIBIT "A" LOAN AGREEMENT THIS LOAN AGREEMENT is entered into this 1st day of July, 2011, by and between the City of Moorpark ( "City ") and the Redevelopment Agency of the City of Moorpark ( "Agency "). RECITALS WHEREAS, the Agency was created by Ordinance 87, adopted by the City Council on March 18, 1987, for the purpose of eliminating blighted conditions within specified project areas; and WHEREAS, in support of its mission, the Agency is developing and implementing plans to acquire and construct certain public facilities; and WHEREAS, the Agency has determined that, in order to undertake this redevelopment project, temporary financial assistance in the form of a loan is required from the City of Moorpark; and WHEREAS, Section 33600 et. seq. of the California Community Redevelopment Law authorizes the Agency to borrow money or accept financial or other assistance from the City. COVENANTS NOW, THEREFORE, THE CITY AND AGENCY AGREE AS FOLLOWS: SECTION 1. Amount and Use of Loan. The City, from its Special Projects Fund, will advance to the Agency the amount of $5,000,000 (five million dollars). Agency agrees to use such loan proceeds only for those purposes set forth in the Health and Safety Code and approved by the Agency. SECTION 2. Repayment of Funds. The Agency will repay this loan, both principal and interest, in full on or before June 30, 2012, unless extended by amendment to this Agreement. SECTION 3. Interest Payment. This loan will bear interest at a rate equivalent to the rate earned by City investments in the Local Agency Investment Fund or the Ventura County Poll, whichever is greater, plus one percent. SECTION 4. Obligation Constitutes Indebtedness. This loan agreement shall constitute an obligation and debt of the Agency to use all available increment revenue to 12 repay the City. Such indebtedness shall be subordinate to any and all other Agency indebtedness incurred by the Agency, including indebtedness incurred through the issuance of tax allocation notes or bonds or any other bonds of the Agency. IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written above. REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK Janice S. Parvin, Chair ATTEST: Maureen Benson, Agency Secretary CITY OF MOORPARK Steven Kueny, City Manager Maureen Benson, City Clerk 13