18-0611_SACRA_Minutes_Special Meetingn I ,
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MINUTES
June 11, 2018
SUCCESSOR AGENCY TO THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY
ADJOURNED REGULAR MEETING
BUSINESS SESSION:
Chair Reeve called the June 11, 2018, Adjourned Regular Meeting of the
Successor Agency to the San Juan Capistrano Community Redevelopment Agency to
order at 7:22 p.m., in the City Council Chamber.
BOARD MEMBERS PRESENT: Sergio Farias, Brian L. Maryott, Pam Patterson, Esq.
and Vice-Chair Kerry K. Ferguson and Chair Derek Reeve.
BOARD MEMBERS ABSENT: None.
Agenda items are presented in the originally agendized format for the benefit of the
minutes' reader, but were not necessarily heard in that order.
CONSENT CALENDAR:
Board Action: Moved by Board Member Farias, seconded by Vice-Chair Ferguson, and
carried unanimously to approve consent calendar items B1 and B2, as recommended by
staff, with Board Member Patterson abstained from item B 1.
B1. SUCCESSOR AGENCY MINUTES-REGULAR MEETING OF MAY 15, 2018,
APPROVED .
ROLL CALL
A YES: BOARD MEMBERS: Farias, Maryott, Ferguson and Chaiffieeve
NOES: BOARD MEMBERS: None -::_ .
ABSENT: BOARD MEMBERS: None
ABSTAINED: BOARD MEMBERS: Patterson
B3. CASH REPORT FOR THE MONTH ENDED APRIL 30, 2018, RECEIVED AND
FILED (350.30)
BOARD ACTIONS:
C 1. SACRA RESOLUTION NO. 18-06-11-01 ADOPTED ENTITLED "A RESOLUTION
OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE
SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY,
AUTHORIZING THE ISSUANCE AND SALE OF TAX ALLOCATION REFUNDING
BONDS AND APPROVING THE FORM OF AN INDENTURE OF TRUST AND
AUTHORIZING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH;"
AND, SACRA RESOLUTION NO. 18-06-11-02 ADOPTED ENTITLED "A
RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT
1 6/11/2018
AGENCY, APPROVING AMENDMENTS TO CERTAIN BOND INDENTURES
AND AUTHORIZING CERTAIN OTHER ACT IONS IN CONNECTION
THEREWITH ." (KINOSHITA ENTERPRISES, L.P. AND BOBBY KINOSHITA
INVESTMENT ENTERPRISES, L.P.) (530.50)
Ken Al-lmam, Chief Financial Director, provided a PowerPoint presentation.
Board Action: Moved by Board Member Maryott, seconded by Vice-Chair
Ferguson, and carried unanimously to adopt SACRA RESOLUTION NO.
18-06-11-01 entitled "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY , AUTHORIZING THE ISS UANCE AND SALE OF
TAX ALLOCATION REFUNDING BONDS AND APPROVING THE FORM OF AN
INDENTURE OF TRUST AND AUTHORIZING CERTAIN OTHER ACTIONS
IN CONNECTION THEREWITH;" and, adopt SACRA RESOLUTION NO.
18-06-11-02 entitled "A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE SAN JUAN CAP ISTRANO COMMUNITY
REDEVELOPMENT AGENCY, APPROVING AMENDMENTS TO CERTAIN
BOND INDENTURES AND AUTHORIZING CERTAIN OTHER ACTIONS IN
CONNECTION THEREWITH ." (Kinoshita Enterprises , L.P. and Bobby Kinoshita
Investment Enterprises, L.P.)
BOARD COMMENTS : None.
ADJOURNMENT:
There..being no further business Chair Reeve adjourned the meeting at 7:29 p.m. to
TuesGay ,/}J u ~ 19 , 2018 , at 5:00 p.m. for the public Business Session, in the
City Cowndil hamber.
Respe dtt ~ly ~bmitted ,
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I . I ( A
Approved: June 19, 2018
ATIEST:
_[)~~
DEREK REEVE , CHAIR
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