16-0906_SACRA_Minutes_Regular MeetingMINUTES
September 6, 2016
SUCCESSOR AGENCY TO THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY
REGULAR MEETING
BUSINESS SESSION:
Chair Ferguson called the September 6, 2016, Regular Meeting of the Successor
Agency to the San Juan Capistrano Community Redevelopment Agency to order at
9:16 p.m., in the City Council Chamber.
BOARD MEMBERS PRESENT: Derek Reeve, Pam Patterson, Esq., Sam Allevato,
Vice -Chair John M. Perry, and Chair Kerry K. Ferguson.
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 Allevato, seconded by Board Member
Patterson, and carried unanimously to approve consent calendar items 1 through 4, as
recommended by staff.
1. SUCCESSOR AGENCY MINUTES — REGULAR MEETING OF
AUGUST 16, 2016, APPROVED
2. CHECK REGISTERS FOR CHECKS AND ELECTRONIC TRANSACTIONS
DATED JULY 22, 2016, TO AUGUST 4, 2016; AND AUGUST 5, 2016, TO
AUGUST 18, 2016, RECEIVED AND FILED (300.30)
3. CASH REPORT FOR THE MONTH ENDED JULY 21, 2016, RECEIVED AND
FILED (350.30)
4. SACRA RESOLUTION NO. 16-09-06-01 ADOPTED ENTITLED "A
RESOLUTION OF THE SUCCESSOR AGENCY TO THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, DESIGNATING
CERTAIN REAL PROPERTY AS A GOVERNMENTAL USE PROPERTY AND
APPROVING THE TRANSFER OF SUCH PROPERTY TO THE CITY OF
SAN JUAN CAPISTRANO PURSUANT TO HEALTH & SAFETY CODE
SECTION 34181(a)" (670.50)
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BOARD ACTIONS:
1. SACRA RESOLUTION NO. 16-09-06-02 ADOPTED APPROVING A LOAN
AGREEMENT TO ISSUE DEBT TO REFINANCE AN EXISTING OBLIGATION
OWED TO FARMERS & MERCHANTS BANK; AND, THE EXECUTIVE
DIRECTOR AUTHORIZED TO EXECUTED THE AGREEMENT AND ANY
RELATED DOCUMENTS TO COMPLETE THE ISSUANCE (340.10)
Ken AI -Imam, Financial Officer, provided an agenda report and responded to
questions.
Board Action: Moved by Vice -Chair Perry, seconded by Board Member Allevato,
and carried unanimously to adopted SACRA Resolution 16-09-06-02 entitled,
"A RESOLUTION OF THE SUCCESSOR AGENCY TO THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY, APPROVING A
LOAN AGREEMENT AND NOTE TO PREPAY A 2011 PROMISSORY NOTE,
REQUESTING OVERSIGHT BOARD APPROVAL OF THE ISSUANCE OF THE
LOAN AGREEMENT AND NOTE, REQUESTING CERTAIN DETERMINATIONS
BY THE OVERSIGHT BOARD, AND PROVIDING FOR OTHER MATERS
PROPERLY RELATING THERETO;" and authorize the Executive Director to
executed the agreement and any related documents to complete the issuance.
BOARD COMMENTS: None.
ADJOURNMENT:
There being no further business Chair Ferguson adjourned the meeting at 9:20 p.m. to
Tues ay, September "20, 2016, at 5:00 p.m. for the public Business Session, in the
Codncil Chamber.
submitted,
S, CIT/YILERK
Approved: September 20, 2016
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