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HomeMy WebLinkAboutMIN 2003 0507 RDA REGMINUTES OF THE REDEVELOPMENT AGENCY Moorpark, California May 7, 2003 A Regular Meeting of the Redevelopment Agency of the City of Moorpark was held on May 7, 2003, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chair Hunter called the meeting to order at 7:19 p.m. 2. ROLL CALL: Present: Agency Members Harper, Mikos, Millhouse, Parvin, and Chair Hunter. Staff Present: Steven Kueny, Executive Director; Joseph Montes, General Counsel; Hugh Riley, Assistant Executive Director; and Deborah Traffenstedt, Agency Secretary. 3. PUBLIC COMMENT: None. 4. PRESENTATION /ACTION /DISCUSSION: None. 5. CONSENT CALENDAR: MOTION: Agency Member Millhouse moved and Agency Member Harper seconded a motion to adopt the Consent Calendar. The motion carried by unanimous roll call vote. A. Consider Approval of Minutes of Regular Redevelopment Meeting Minutes of April 16, 2003. Staff Recommendation: Approve minutes. 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 Minutes of the Redevelopment Agency Moorpark, California Page 2 May 7, 2003 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 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. 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 6. CLOSED SESSION: None was held. Minutes of the Redevelopment Agency Moorpark, California Paqe 3 Mav 7, 2003 7. ADJOURNMENT: MOTION: Agency Member Harper moved and Agency Member Millhouse seconded a motion to adjourn th eting of the Moorpark Redevelopment Agency. The mot' n carri d by unanimou voice vote. The time was 7:20 p.m. �� ATTEST: Deborah S. Traffenste t Agency Secretary ESTABLISHED MARCH 18,1887 OF