18-0501_SACRA_Minutes_Regular MeetingMINUTES
May 1, 2018
SUCCESSOR AGENCY TO THE SAN JUAN CAPISTRANO
COMMUNITY REDEVELOPMENT AGENCY
REGULAR MEETING
BUSINESS SESSION:
Chair Reeve called the May 1, 2018, Regular Meeting of the Successor Agency to the
San Juan Capistrano Community Redevelopment Agency to order at 7:45 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 Vice -Chair Ferguson, seconded by Board Member Patterson,
and carried 4-0 with Board Member Farias absent (stepped out of Council Chamber) to
approve consent calendar items B1 through B3, as recommended by staff.
B1. SUCCESSOR AGENCY MINUTES — REGULAR MEETING OF APRIL 3, 2018,
APPROVED
B2. CHECK REGISTERS FOR THE PERIOD FROM MARCH 16, 2018, TO
APRIL 12, 2018, RECEIVED AND FILED (300.30)
B3. CASH REPORT FOR THE MONTH ENDED MARCH 31, 2018, RECEIVED AND
FILED (350.30)
BOARD ACTIONS:
C1. STAFF DIRECTED TO PURSUE THE OPPORTUNITY TO ADVANCE REFUND
THE TAX EXEMPT KINOSHITA NOTES USING TAXABLE REPLACEMENT
DEBT; AND, CITY MANAGER DIRECTED TO ENGAGE FIELDMAN ROLAPP,
RAYMOND JAMES, AND STRADLING YOCCA CARLSON AND RAUTH AS THE
FINANCING TEAM FOR THIS FINANCIAL TRANSACTION (350.30)
Ken AI -Imam, Chief Financial Director, provided an agenda report and responded
to questions.
Board Action: Moved by Vice -Chair Ferguson, seconded by Board Member
Maryott, and carried unanimously to direct staff to pursue the opportunity to
advance refund the tax exempt Kinoshita Notes using taxable replacement debt;
and, direct the City Manager to engage Fieldman Rolapp, Raymond James, and
Stradling Yocca Carlson and Rauth as the financing team for this financial
transaction.
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BOARD COMMENTS: None.
ADJOURNMENT:
There bein no further business Chair Reeve adjourned the meeting at 8:15 p.m. to
Tuesday; ay 15, 2018, at 5:00 p.m. for the public Business Session, in the
City Cvunci Cha ber,
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y'
Resoectfu.11 u �nitted,
V 1 fl \ / 1- -.
MARIA MOF S, AGENCY SECRETARY
Approved: May 15, 2018
ATTEST:
D—
DE K REEVE, CHAIR
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