Loading...
HomeMy WebLinkAbout3/22/1988 - MINUTES MINUTES OF CITY OF PALM SPRINGS CITY COUNCIL AND COMMUNITY REDEVELOPMENT AGENCY MARCH 22, 1988 An Adjourned Regular Meeting of the City Council , and of the Community Redevelopment Agency, of the City of Palm Springs, California, was called to order by Mayor/Chairman Bogert, in the Council Chamber, 3200 Tahquitz-McCallum Way, on Tuesday, March 22, 1988 at 3 p.m. ROLL CALL: Present: Council/Agency Members Apfelbaum, Birer, Smith and Mayor/Chairman Bogert Absent: Mr. Foster PUBLIC COMMENTS: (to Both Agency and City Council - 3 minute per person. Suggested that anyone wishing to speak on the Main Street item be heard at the time of its discussion)) There were no comments. LEGISLATIVE ACTION: 1. MAIN STREET PROGRAM Consideration of submittal of an application for the 1988 Main Street Program, and commitment to fund the program for three years at $10,000 per year. Item continued from March 16, 1988. Redevelopment Director distributed an addendum to his report, and stated that the Business Improvement Task Force, now known as the Business Improvement Association, is no longer under the auspices of the Palm Springs Project, and believes it will have more flexibility; that the coming year is the last year the Main" Street program will be available, and only five cities will be selected; that staff recommends that the City continue to provide secretarial services to the Association during its efforts to form an assessment district; that P.S. Now did not ( 124) think the $10,000 obligation on the part of the City was enough, and staff recommends pledging $17,200 of in-kind services, including secretarial , supplies, postage, printing, for a total of $27,200; that P.S. Now developed . a budget of $110,000, of which $35,000 will fund the director' s salary, and P.S. Now will provide office space valued at $12,000; that fund-raising efforts will be made to cover special events/image and Association expenses, and that P.S. Now would oversee the Main Street Program; and that P.S. Now has requested that the City match $50,000, or fund an additional $22,800 in cash). Paul Selzer, Attorney representing P.S. Now, skated that there is no disagreement between P.S. Now and the Associa- tion that the funds are needed, only who provides the administration; and requested that the Council appropriate the funds, but that no disbursement would be made until the two group develop a jointly recommended plan, including specific budget for each element; and that they have both agreed to meet soon to accomplish that end. He stated CRA/Council Minutes 3-22-88, Page 2 1. MAIN STREET PROGRAM (Continued) that both groups have the assessment district as a common goal , and look forward to th(_ City, the merchants, and the property owners all coming together to revitalize the downtown area; that the specifics of how the funds would be spent is to be part of the plan; that the funding and intent would not change even if the City were no selected for the Main Street Program, and it is conceivable it will not be selected; that he assumed funds would come from the Redevelopment Area, through tax increment, and the result will mean more tax increment. In answer to question by City Manager, Mr. Selzer stated that the Council 's approval of the jointly recommended plan would be required, as a party in the venture, and that the total cash outlay to the City would be $32,800, Council/Agency Member Foster stated that as a property owner in the area, he would abstain from discussion and voting. Monte Lukov, Executive Director of P.S. Now, stated that a requirement of the Main Street Program is a certified budget, and he believed that the $110,000 is not a "fat" budget; and that the same ideas and intent would be followed even if the Main Street Program is not approved. In answer to question by Council , Redevelopment Director reported that the Agency will be looking at the budget for next year, and there would be this much less for other improvements in the project areas. Ramon Hernandez, convenor for the Downtown Business Improve- ment Association, stated that everyone understands that the groups must get together, and reach out to unite all parties for one common goal , and the association supports arriving at a solution together. He stated that the Main Street Board, as proposed, would be slightly imbalanced, and there should be equal representation for both merchants and owners. City Manager stated that the Agency will probably be looking at $500,00-$700,000 for capital improvements, and this would be $50,000 less for the other projects, however, the Council has indicated that if the plan means bringing the groups together, and accomplishing it together, then the expenditure of some funds for that would be worth the trade-off of less funds for other projects; and that he was comfortable with the fact that everyone will have an opportunity to look it in more depth. Council/Agency Member Birer stated that he supported the concept because of its unified involvement, and matching funding approach. Council/Agency Member Apfelbaum stated that the goals are first priorities, and this is the first time the merchants and owners have come together to create something which represents a strong investment in the future of the community. CRA/Council Minutes 3-22-88, Page 3 1. MAIN STREET (Continued) It was moved by Apfelbaum, seconded by Birer, and unani- mously carried, Foster abstaining, that the funds be approved, as requested (cash plus in-kind of $17,200, for a total of $50,000) , with the two groups to jointly develop a plan and to review it and specific budget items with the Council ; and that the groups work out an acceptable configuration of the Board of Directors (CRA Res. 515) . It was moved by Apfelbaum, seconded by Birer, and unani- mously carried, Foster abstaining, that the secretary services, as recommended by the Redevelopment Director, be approved. (City Council action) There was no further business, and the Agency adjourned, and the City Council remained in session. 2. McDEVITT & STREET CHANGE ORDERS - CONVENTION CENTER Consideration of change orders to contract with McDevitt and Street for the Convention Center. Economic Development & Housing Director reviewed Change Orders 29 and 30, for a total increase of $10,117. In answer to question by Council , he stated that sod in the open space will not be installed until after the IBM conven- tion, because of the large tent which will cover the the (139) majority of the area; and that the subcontractor is waiting to see how many of the trees (damaged by frost) need to be replaced. Minute Order 4148, approving the change orders, as recom- mended, was presented; after which, it was moved by Foster, seconded by Birer, and unanimously carried, that Minute Order 4148 be adopted. 3. CONVENTION CENTER CERTIFICATES OF PARTICIPATION Consideration of refinancing of Convention Center debt issue. Director of Finance introduced Terry Dunn, Morgan, Lewis & Boccius, and Herman Zelles, Bank of America, and stated that the Public Facilities Corporation will also have (139) to approve the refinancing, is scheduled to meet on the March 24; that the related paper work was lost in the mail , and only one copy of the materials was available for review (consists of approximately 15 documents) , which are essentially the same form as the Council has previously approved for refinancing, with the exception of dates, limit of offer at $39. 50 million, a minimum annual savings of $70,000, and a minimum net interest rate. He stated that the Council could approve the documents, or continue the meeting for one week, in order to have additional copies made. Mr. Zelles stated that approval would also set in motion action relating to the Bureau of Indian Affairs and the flow of funds would be changed to meet existing conditions, i .e. , recognizing fact that the Convention Center is completed, and authorizes signing of the documents, and changes that might need to be made in substance of the documents. Council Minutes 3-22-88, Page 4 3. CONVENTION CENTER REFUNDING (Continued) Resolution 16432, authorizing documents with respect to the 1988 refunding of the Certificates of Participation, as recommended, was presented; -.fter which, it was moved by Foster, seconded by Apfelbaum, and unanimously carried, that Resolution 16432 be adopted. ADJOURNMENT There being no further business, Mayor declared the meeting adjourned. / JU'DITH SUMICH City Clerk