HomeMy WebLinkAbout5/8/2014 - MINUTES - 2014 OVERSIGHT BOARD
FOR THE SUCCESSOR AGENCY TO THE
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY
SPECIAL MEETING MINUTES
Thursday, May 8, 2014
CALL TO ORDER: Chair Flavin called the meeting to order at 5:02 p.m.
ROLL CALL:
PRESENT: Board Members Arthur, Marshall, Ready, Van Horn, and Chair Flavin.
ABSENT: Board Member Foat and Vice Chair Howell.
ALSO PRESENT: Clerk/Secretary Thompson, Douglas Holland, City of Palm Springs City
Attorney, John Raymond, City of Palm Springs Community and
Economic Development Director, Geoffrey Kiehl, City of Palm Springs
Director of Finance, and Suzanne Harrell, Financial Advisor.
PLEDGE OF ALLEGIANCE: Board Member Arthur led the Pledge.
ACCEPTANCE OF THE AGENDA:
Board Clerk/Secretary Thompson requested the Board consider adding one item to the
Agenda titled PROPOSED RESOLUTION APPROVING ADDITIONAL FUNDING FOR THE
EMERGENCY REPLACEMENT OF AN HVAC UNIT AT THE SUCCESSOR AGENCY
PLAZA THEATRE PROPERTY, stated this item came to the attention of the Board staff after
the posting of the agenda, and stated the Board needed to hear and/or take immediate action
for replacement HVAC due to public health and safety.
ACTION: 1) Find the Item came to the attention of the Oversight Board after the posting of
the Agenda, and there is an immediate need to hear and/or take action of the Item; and
2) Add to the Agenda as Item 3.D. Motion Board Member Ready, seconded by Board
Member Marshall and unanimously carried (5-0), noting the absence of Board Member
Foat and Vice Chair Howell.
ACTION: Accept the Agenda as amended. Motion Board Member Ready, seconded by
Board Member Marshall and unanimously carried (5-0), noting the absence of Board
Member Foat and Vice Chair Howell.
PUBLIC COMMENT: None.
1. CONSENT CALENDAR: None.
2. UNFINISHED BUSINESS: None.
3. NEW BUSINESS:
3. A. APPROVAL OF REFINANCING FORMER AGENCY TAX ALLOCATION
BONDS:
Suzanne Harrell, Financial Advisor, provided background information as
outlined in the Board Report dated May 8, 2014.
Oversight Board Minutes
Thursday, May 8, 2014
Page 2
ACTION: Adopt Resolution No. 022, "A RESOLUTION OF THE OVERSIGHT
BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY, DIRECTING PREPARATION OF
PROCEEDINGS FOR THE REFUNDING OF CERTAIN OUTSTANDING
OBLIGATIONS OF THE FORMER COMMUNITY REDEVELOPMENT
AGENCY OF THE CITY OF PALM SPRINGS, APPROVING ISSUANCE OF
REFUNDING BONDS, MAKING CERTAIN DETERMINATIONS WITH
RESPECT TO THE REFUNDING BONDS AND PROVIDING OTHER
MATTERS RELATING THERETO." Motion Board Member Marshall,
seconded by Board Member Van Horn and unanimously carried (5-0),
noting the absence of Board Member Foat and Vice Chair Howell.
3. B. APPROVING THE TERMINATION OF A SUBLEASEHOLD INTEREST IN A
9.62 ACRE PORTION OF BUSINESS LEASE 315 (PSL 315) PURSUANT TO
AN ORDER OF THE STATE CONTROLLER AND THE CALIFORNIA
DEPARTMENT OF FINANCE:
John Raymond, Director of Community and Economic Development, provided
background information as outlined in the Board Report dated May 8, 2014.
ACTION: Adopt Resolution No. 023, "A RESOLUTION OF THE OVERSIGHT
BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE
TERMINATION OF A SUBLEASEHOLD INTEREST IN A 9.62 ACRE PORTION
OF BUSINESS LEASE 315 (PSL 315) PURSUANT TO AN ORDER OF THE
STATE CONTROLLER AND THE CALIFORNIA DEPARTMENT OF FINANCE."
Motion Board Member Van Horn, seconded by Board Member Marshall
and unanimously carried (5-0), noting the absence of Board Member Foat
and Vice Chair Howell.
3. C. APPROVING THE SALE OF THE PRAIRIE SCHOONER PARKING LOT AND
APPROVING THE SALE OF THE CONVENTION CENTER NORTH PARKING
LOT TO THE CITY OF PALM SPRINGS, PURSUANT TO THE APPROVED
LONG-RANGE PROPERTY MANAGEMENT PLAN:
John Raymond, Director of Community and Economic Development, provided
background information as outlined in the Board Report dated May 8, 2014.
ACTION: 1) Adopt Resolution No. 024, "A RESOLUTION OF THE
OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM
SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE
SALE OF THE PRAIRIE SCHOONER PARKING LOT (PROPERTY 3, APN
508-055-007, 508-055-008, and 508-055-009) TO THE CITY OF PALM
SPRINGS, PURSUANT TO THE APPROVED LONG-RANGE PROPERTY
MANAGEMENT PLAN;" and, 2) Adopt Resolution No. 025, "A RESOLUTION
FOR THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY, TO THE
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING
THE SALE OF THE CONVENTION CENTER NORTH PARKING LOT
(PROPERTY 4, APN 508-034-012, 508-034-013, 508-034-014) TO THE CITY
OF PALM SPRINGS, PURSUANT TO THE APPROVED LONG-RANGE
Oversight Board Minutes
Thursday, May 8, 2014
Page 3
PROPERTY MANAGEMENT PLAN." Motion Board Member Marshall,
seconded by Board Member Van Horn and unanimously carried (5-0),
noting the absence of Board Member Foat and Vice Chair Howell.
3.D. ADDED ITEM PROPOSED RESOLUTION APPROVING ADDITIONAL
FUNDING FOR THE EMERGENCY REPLACEMENT OF AN HVAC UNIT AT
THE SUCCESSOR AGENCY PLAZA THEATRE PROPERTY:
Suzanne Harrell, Financial Advisor, provided background information as
contained in the proposed resolution.
ACTION: Adopt Resolution No. 026, "A RESOLUTION OF THE OVERSIGHT
BOARD OF THE SUCCESSOR AGENCY, FOR THE PALM SPRINGS
COMMUNITY REDEVELOPMENT AGENCY, APPROVING ADDITIONAL
FUNDING FOR THE EMERGENCY REPLACEMENT OF AN HVAC UNIT AT
THE SUCCESSOR AGENCY PLAZA THEATRE PROPERTY." Motion Board
Member Van Horn, seconded by Board Member Marshall and unanimously
carried (5-0), noting the absence of Board Member Foat and Vice Chair
Howell.
BOARDMEMBER ITEMS, REQUESTS AND COMMENTS: None.
ADJOURNMENT: The Oversight Board adjourned at 5:22 p.m. The Oversight Board will not
conduct a regular meeting until such time as needed for business pursuant to law.
ames Thompson, Clerk/Secretary