HomeMy WebLinkAboutAG 2003 0507 RDA REGESTARISHED
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6r OF
ANNOTATED
MOORPARK REDEVELOPMENT AGENCY
REGULAR MEETING AGENDA
WEDNESDAY, MAY 7, 2003
6:30 P.M.
Moorpark Community Center 799 Moorpark Avenue
1. CALL TO ORDER:
7:19 P.M.
2. ROLL CALL:
PRESENT: AGENCY MEMBERS HARPER, MIKOS, MILLHOUSE, PARVIN, AND
CHAIR HUNTER
3. PUBLIC COMMENT:
ph'1970-30
4. PRESENTATION /ACTION /DISCUSSION
NONE.
5. CONSENT CALENDAR:
ADOPTED THE CONSENT CALENDAR. (Roll Call Vote: Unanimous)
A. Consider Approval of Minutes of Regular Redevelopment
Meeting Minutes of April 16, 2003. Staff Recommendation:
Approve minutes.
APPROVED STAFF RECOMMENDATION.
Redevelopment Agency Annotated Agenda
May 7, 2003
Page 2
B. Consider Approval Contract for Demolition of Commercial
Structure and Appurtenances at 226 High Street and Adopt
Resolution Amending Agency Budget for This and Demolition
of 661 Magnolia Street. Staff Recommendation: 1) Award
bid for Demolition of 226 High Street to International
Environmental Corporation for $9,800; and 2) Approve
Resolution No. 2003 -114 amending the Agency Budget. ROLL
CALL VOTE REQUIRED (Staff: Hugh Riley)
APPROVED STAFF RECOMMENDATION, INCLUDING ADOPTION OF
RESOLUTION NO. 2003 -114. (Roll Call Vote: Unanimous)
C. Consider Approval of Agreement of Purchase and Sale of
Property at 47 -51 West High Street and Adopt Resolution
Amending Agency Budget. Staff Recommendation: 1) Approve
Agreement of Purchase and Sale of 47 -51 West High Street
from Monte Lewis Abbath for $350,000 and related closing
costs of $5,000 subject to final language approval by the
Executive Director and Agency Counsel; and 2) Approve
Resolution No. 2003 -115 amending the Agency Budget. ROLL
CALL VOTE REQUIRED (Staff: Hugh Riley)
APPROVED STAFF RECOMMENDATION, INCLUDING ADOPTION OF
RESOLUTION NO. 2003 -115. (Roll Call Vote: Unanimous)
D. Consider Awarding Government Accounting Standards Board
(GASB) Statement No. 34 Implementation Proposals. Staff
Recommendation: 1) Adopt the recommended infrastructure
capitalization threshold of $100,000 and fixed asset
(equipment) capitalized threshold of $5,000 effective July
1, 2002; 2) Adopt the use of the standard depreciation
reporting method rather than the modified approach for the
entire infrastructure of the Agency upon adoption of the
New Reporting Model; 3) Authorize the Executive Director
to execute a professional services agreement with Harris &
Associates subject to final language approval by the
General Counsel and Executive Director not to exceed
$24,990; 4) Accept the proposal from Vavrinek, Trine, Day
& Co., LLP, for assistance in implementation of GASB 34 in
accordance with their current hourly rates not to exceed
$20,000; and 5) Adopt Resolution No. 2003 -116 amending the
Fiscal Year 2002/2003 Budget to revise the amount of
funding for this project per the agenda report. ROLL CALL
VOTE REQUIRED (Staff: Cynthia Borchard)
APPROVED STAFF RECOMMENDATION, INCLUDING ADOPTION OF
RESOLUTION NO. 2003 -116. (Roll Call Vote: Unanimous)
Redevelopment Agency Annotated Agenda
May 7, 2003
Page 3
6. CLOSED SESSION:
NONE WAS HELD.
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)
7. ADJOURNMENT:
7:20 P.M.