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HomeMy WebLinkAboutR01-Community Development , c c o o o COMMUNITY DEVELOPMENT COMMISSIONIREDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO MINUTES REGULAR MEET! NG August 21, 1989 11 :45 A.M. The Community Development Commission/Redeve10pment Agency meeting was called to order at 11:45 A.M., on Monday, August 21, 1989, in the Council Chambers of City Hall, 300 North "D" Street, San Bernardino, California, by Chairman W. R. Holcomb. ROLL CALL Roll Call was taken with the following being present: Members Jack Reilly, Jess Flores, Michael Mauds1ey, Tom Minor, Valerie Pope-Ludlam, Norine Miller. Absent: Esther Estrada STAFF PRESENT Steven H. Dukett, Executive Director; John Hoeger, Development Manager; Dennis A. Barlow, Senior Assistant City Attorney; Marshall Julian, City Administrator; Shauna Clark, City Clerk; Margie Vance, Recording Secretary. Public Comments on Items not on Agenda. There were no public comments. 1. Community Development Commission/Redevelopment Agency of the City of San Bernardino Minutes of August 7, 1989. Commissioner Flores made a motion, seconded by Commissioner Miller to, approve the minutes of the meeting of the Community Development Commission/Redeve10pment Agency of the City of San Bernardino held on August 7, 1989, as submitted in typewritten form. The motion carried by the following vote: Minor, Pope-Ludlam, Miller. Noes: None. Absent: Estrada. Ayes: Member Reilly, Flores, Abstain: Mauds1ey. 2. Redevelopment Committee Meeting/Redeve10pment Agency of the City of San Bernardino Minutes of July 20, 1989. Commissioner Flores made a motion, seconded by Commissioner Miller, to receive and file the minutes of the meeting of the Community Development Commission/Redeve10pment Agency of the City of San Bernardino held on May 18, 1989, as submitted in typewritten form. The motion carried by the following vote: Ayes: Member Reilly, Flores, Mauds1ey, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. 1 August 21, 1989 ~ 1835R /' o o <::: 3. Convention & Visitor Bureau (CVB). Commissioner Flores made a motion, seconded by Commissioner Miller to, authorize execution of $30,000 Agreement for Professional Services with the San Bernardino Convention and Visitor's Bureau for fiscal year 1989-90. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Commissioner Maudsley made a motion, seconded by Commissioner Minor, to reconsider and to re-hear item three. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. A discussion ensued. c Commissioner Maudsley stated that he had asked Mr. Dan Stark, Executive Director to prepare additional information outlining what the Convention and Visitor's Bureau is going to be doing in regards to meeting objectives and strategies in the future and stated that upon reviewing the back-up report the requested information is not included. Commissioner Minor made a motion, seconded by Commissioner Maudsley to request that Mr. Dan Stark prepare the requested detailed information outlining the list of specific future accomplishments and to continue this item to September 6, 1989 for further review. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. RS-2 Adoption of various Resolutions of the Mayor and Common Council, the Community Development Commission and the Joint Powers Financing Authority Authorizing the creation of the Joint Powers Financing authority, authorizing the borrowing of funds from the Joint Powers Financing Authority and authorizing the issuance of Tax Allocation Bonds, the issuance of Public Facilities Lease Revenue Bonds and the issuance of Taxable Collateralized Mortgage Bonds. A discussion ensued. c Mr. Jim Iverson, Senior Vice President of Miller & Schroeder, Financial Consultant addressed the Commission and stated that three things are being accomplished today. In the first action, he said, the City and the Agency are creating a Joint Power Financing Authority (JPFA) which is to facilitate the consolidation of ten outstanding bond issues to two bond issues. He said that the JPFA governing board will be the Council Members. In the second action, he said, the City, the Agency and the JPFA are authorizing his firm to proceed with the refunding of a series of outstanding debts. 2 August 21, 1989 1835R c c c o o He said that three bonds were issued directly by the Redevelopment Agency and that two City bonds relate to the Library and the Fire Station which are secured by the General Fund of the City. The Redevelopment bonds are secured by Tax Increment that presently exists from the State College Project No.4. He said that his firm is refinancing bonds and that they are anticipating that the present value of savings to the City and the Redevelopment Agency will be approximately $1,300,000. He further stated that the documents before the Commission represent the final resolutions and the official statements all of which, are legal requirements that have to be put in place before they can proceed. In the third action, he said, his firm will proceed with putting in place Collateralized Mortgage Obligations (CMO). Mayor Holcomb asked Agency Counsel, Dennis Barlow if he reviewed all of the documents regarding this issue. Dennis Barlow said that he had. The City Clerk read the titles of all of the resolutions. Mayor and Common Council RESOLUTION NO. 89-331 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, AUTHORIZING THE FORMATION OF THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY, APPROVING THE FORM OF THAT CERTAIN JOINT EXERCISE OF POWERS AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND THE CITY OF SAN BERNARDINO AND AUTHORIZING AND DIRECTING THE EXECUTION THEREOF. Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further reading of the resolution and to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Community Development Commission RESOLUTION NO. 5197 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, AUTHORIZING THE FORMATION OF THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY, APPROVING THE FORM OF THAT CERTAIN JOINT EXERCISE OF POWERS AGREEMENT BY AND BETWEEN THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND THE CITY OF SAN BERNARDINO AND AUTHORIZING AND DIRECTING THE EXECUTION THEREOF. Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further reading of the resolution and to adopt the resolution. 3 August 21, 1989 1835R c c o o o The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Mayor Holcomb called the San Bernardino Joint Powers Financing Authority to order. ROLL CALL Roll Call was taken with the following being present: Members Jack Reilly, Jess Flores, Michael Mauds1ey, Tom Minor, Valerie Pope-Ludlam, Norine Miller. Absent: Esther Estrada STAFF PRESENT Steven H. Dukett, Executive Director; John Hoeger, Development Manager; Dennis A. Barlow, Senior Assistant City Attorney; Marshall Julian, City Administrator; Shauna Clark, City Clerk; Margie Vance, Recording Secretary. There were no public comments on items not on San Bernardino Joint Powers Financing Authority Agenda. Mayor and Common Council RESOLUTION NO. 89-332 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO, AUTHORIZING THE BORROWING OF FUNDS FROM THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY IN THE AMOUNT OF NOT TO EXCEED $40,000,000 AUTHORIZING AND DIRECTING EXECUTION OF RELATED LOAN AGREEMENT, AMENDED AND RESTATED LOAN SERVICING AGREEMENT, ESCROW AGREEMENT AND CLOSING DOCUMENTS, AS REQUIRED (TAXABLE COLLATERALIZED MORTGAGE BONDS, 1989 SERIES A). Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further readin9 of the resolution and to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Mauds1ey, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Community Development Commission RESOLUTION NO. 5198 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, AUTHORIZING THE BORROWING OF THE FUNDS FROM THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY IN THE AMOUNT OF NOT TO EXCEED $40,000,000 RELATING TO SAN BERNARDINO REDEVELOPMENT PROJECTS, AUTHORIZING AND DIRECTING EXECUTION OF RELATED LOAN AGREEMENT, AMENDED AND RESTATED LOAN SERVICING AGREEMENT, ESCROW AGREEMENT AND CLOSING DOCUMENTS, AS REQUIRED (TAXABLE COLLATERALIZED MORTGAGE BONDS, 1989 SERIES A). 4 August 21, 1989 1835R c c o o o Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further reading of the resolution and to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Joint Powers Financing Authority RESOLUTION NO. JPFA-l RESOLUTION OF THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $40,000,000 PRINCIPAL AMOUNT OF TAXABLE COLLATERALIZED MORTGAGE BONDS (SERIES 1989-A), AUTHORIZING AND DIRECTING EXECUTION OF RELATED INDENTURE OF TRUST, LOAN AGREEMENT, AMENDED AND RESTATED LOAN SERVICING AGREEMENT AND PURCHASE CONTRACT AUTHORIZING SALE OF BONDS, APPROVING PRELIMINARY OFFICIAL STATEMENT AND OFFICIAL STATEMENT AND AUTHORIZING OFFICIAL ACTION. Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further reading of the resolution and to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Mayor and Common Council RESOLUTION NO. 89-333 RESOLUTION OF THE MAYOR AND COMMON COUNCIL OF THE CITY OF SAN BERNARDINO AUTHORIZING THE LEASE OF CERTAIN PREMISES FROM THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO AND AUTHORIZING AND DIRECTING EXECUTION OF RELATED LEASE AGREEMENT [PUBLIC FACILITIES LEASE REVENUE BONDS, 1989 SERIES A (CENTRAL CITY LIBRARY AND FIRE STATION)]. Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further reading of the resolution and to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Community Development Commission RESOLUTION NO. 5199 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, AUTHORIZING THE BORROWING OF FUNDS FROM THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY IN THE AMOUNT OF NOT TO EXCEED $12,500,000, AUTHORIZING AND DIRECTING EXECUTION OF RELATED LOAN AGREEMENT, LEASE AGREEMENT, ESCROW AGREEMENT AND CLOSING DOCUMENTS, AS REQUIRED [PUBLIC FACILITIES LEASE REVENUE BONDS, 1989 SERIES A (CENTRAL CITY LIBRARY AND FIRE STATION REFUNDINGS)]. 5 August 21, 1989 1835R c o o o 0 Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further reading of the resolution and to adopt the resolution. The motion carrieo by the following vote: Ayes: Member Reilly, Flores, Mauds1ey, Minor, Pope-Lu01am, Miller. Noes: None. Abstain: None. Absent: Estrada. Joint Powers Financing Authority RESOLUTION NO. JPFA-2 RESOLUTION OF THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $12,500,000 PRINCIPAL AMOUNT OF PUBLIC FACILITIES LEASE REVENUE BONDS, 1989 SERIES A (CENTRAL CITY LIBRARY AND FIRE STATION REFUNDINGS), AUTHORIZING AND DIRECTING EXECUTION OF RELATED INDENTURE OR TRUST, LOAN AGREEMENT AND PURCHASE CONTRACT, AUTHORIZING SALE OF BONDS, APPROVING PRELIMINARY OFFICIAL STATE~fNT AND OFFICIAL STATEMENT AND RELATED CLOSING DOCUMENTS AND AUTHORIZING OFFICIAL ACTION. Commissioner Miller maOe a motion, seconaeO by Commissioner Pope-Ludlam to waive further reading of the resolution anO to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Mauds1ey, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. Community Development Commission RESOLUTION NO. 5200 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO, AUTHORIZING, ON BEHALF OF THE REDEVELOPMENT AGENCY OF THE CITY OF SAN BERNARDINO, THE BORROWING OF FUNDS FROM THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY IN THE AMOUNT OF NOT TO EXCEED $17,000,000 RELATING TO SAN BERNARDINO REDEVELOPMENT PROJECTS, AUTHORIZING AND DIRECTING EXECUTION OF RELATED LOAN AGREEMENT, ESCROW AGREEMENT AND CLOSING DOCUMENTS, AS REQUIRED [TAX ALLOCATION BONDS, 1989 SERIES A (STATE COLLEGE PROJECT REFUNDINGS)). Commissioner Miller maOe a motion, secondeO by Commissioner Pope-Ludlam to waive further reading of the resolution anO to adopt the resolution. The motion carriea by the following vote: Ayes: Member Reilly, Flores, Mauds1ey, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. b August 21, 1989 1835R c o c o o Joint Powers Financing Authority RESOLUTION NO. JPFA-3 RESOLUTION OF THE SAN BERNARDINO JOINT POWERS FINANCING AUTHORITY AUTHORIZING THE ISSUANCE OF NOT TO EXCEED $17,000,000 PRINCIPAL AMOUNT OF TAX ALLOCATION BONDS, 1989 SERIES A (STATE COLLEGE PROJECT REFUNDINGS), AUTHORIZING AND DIRECTING EXECUTION OF RELATED INDENTURE OF TRUST, LOAN AGREEMENT AND PURCHASE CONTRACT, AUTHORIZING SALE OF BONDS, APPROVING PRELIMINARY OFFICIAL STATEMENT AND OFFICIAL STATEMENT AND RELATED CLOSING DOCUMENTS AND AUTHORIZING OFFICIAL ACTION. Commissioner Miller made a motion, seconded by Commissioner Pope-Ludlam to waive further reading of the resolution and to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. RS-l Request to form the Mt. Vernon Task Force. Commissioner Flores made a motion, seconded by Commissioner Reilly to, form a Special Ad Hoc Committee called the Mt. Vernon Task Force, and appoint Commissioners Estrada, Flores and Pope-Ludlam to serve on the Committee. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. 4. Use of Outside Counsel The City Clerk read the title of the resolution. RESOLUTION NO. 5196 RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF SAN BERNARDINO ESTABLISHING A POLICY ON CONTACT WITH AND USE OF OUTSIDE COUNSEL. Commissioner Flores made a motion, seconded by Commissioner Miller to, waive further reading of the resolution and to adopt the resolution. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. 5. Long-Term Disability Program Commissioner Flores made a motion, seconded by Commissioner Miller to, approve the installation of a Long-Term Disability (LTD) insurance program to cover employees of the Agency. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. 7 August 21,1989 1835R c o o o o 6. Salary Adjustments for Redevelopment Agency Employees for Fiscal Year 1989/90. Commissioner Flores made a motion, seconded by Commissioner Miller to, approve the Salary Schedule and authorize the Agency to pay the full seven percent employee PERS contribution for all employees within the classifications listed on the schedule effective July 1, 1989. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. 7. City of San Bernardino Mobile Home Park Rental Assistance Program. Commissioner Flores made a motion, seconded by Commissioner Miller to, approve the use of Twenty Percent (20%) Set-Aside funds for the City of San Bernardino Mobile Home Park Rental Assistance Program in an amount estimated to be $27,200.00. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. 8. Closed Session to discuss prospective litigation. Pursuant to Government Code Section 54956.9(c), the Commission met in closed session to decide whether to discuss prospective litigation. The item was tabled. 9. Adjournment Commissioner Minor made a motion, seconded by Commissioner Flores, to adjourn to Wednesday, September 6, 1989, in the Council Chambers of City Hall, 300 North "0" Street, San Bernardino, California. The motion carried by the following vote: Ayes: Member Reilly, Flores, Maudsley, Minor, Pope-Ludlam, Miller. Noes: None. Abstain: None. Absent: Estrada. 8 August 21, 1989 1835R