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99-0706_CRA_Minutes_Regular MeetingJULY 6, 1999 REGULAR MEETING OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY BOARD OF DIRECTORS CLOSED SESSION (610.85)- None RECESS UNTIL 7:00 P.M. BUSINESS SESSION The Regular Meeting of the Board of Directors of the City of San Juan Capistrano Community Redevelopment Agency was called to order by Chairman Hart at 7:37 p.m. in the City Council Chamber. ROLL CALL: PRESENT: Wyatt Hart, Chairman David M. Swerdlin, Vice Chairman Collett Campbell, Director John Greiner, Director Gil Jones, Director ABSENT: None STAFF PRESENT: George Scarborough, Executive Director; John Shaw, Interim Agency Counsel; Cynthia L. Russell, Finance Officer; Dawn Schanderl, Deputy City Clerk; Jennifer Murray, Assistant City Manager; Thomas Tomlinson, Planning Director; William Huber, Director of Engineering and Building Services; Al King, Community Services Director; Amy Amirani, Public Works Director; Lt. Rick Stahr, Orange County Sheriffs Department; and Bonnie Sanchez, Recording Secretary. PUBLIC HEARING ADOPTION OF COMMUNITY REDEVELOPMENT AGENCY BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 1999 AND ENDING JULY 1, 2000 (CONTINUED FROM MEETING OF JUNE 15, 1999) (330.70 Proposal: Hearing held to review and provide comments on the proposed Fiscal Year 1999-2000 Operating and Capital Project Budgets. Written Communications: Report dated June 15,1999, from the Finance Officer, providing an overview of the proposed budget by fund and recommending that the operating and capital improvement budgets be adopted. Cynthia Russell, Finance Officer, made an oral presentation. CRA Minutes -1- 7/6/99 070 Public Hearing: Notice having been given as required by law, Mayor Greiner opened the Public Hearing. There being no response, the Public Hearing was declared closed. Adoption of Resolution It was moved by Director Jones, seconded by Director Greiner that the following Resolution approving the budget and authorizing expenditures of $7,032,939 be adopted: RESOLUTION NO. 99-7-6-1, ADOPTION OF FISCAL BUDGET 1999-00- A RESOLUTION OF THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING THE FISCAL YEAR 1999-2000 BUDGET AND AUTHORIZING EXPENDITURES AND APPROPRIATIONS RELATED THERETO The motion carried by the following vote: AYES: Directors Swerdlin, Greiner, Jones, Campbell, and Chairman Hart NOES: None ABSENT: None CONSENT CALENDAR It was moved by Director Campbell, and seconded by Director Greiner that the Staff recommendations be accepted for the following items listed on the Consent Calendar. The motion carried by the following vote: AYES: Directors Swerdlin, Greiner, Jones, Campbell, and Chairman Hart NOES: None ABSENT: None APPROVAL OF MINUTES - REGULAR MEETING OF JUNE 1 1999 The Minutes of the Regular Meeting of June 1, 1999, were approved as submitted. 2. RECEIVE AND FILE CRA WARRANTS OF JUNE 3 AND JUNE 17, 1999 (300.301 The List of Demands dated June 3, 1999, in the total amount of $76,095.64 and the List of Demands dated June 17, 1999, in the total amount of $13,665.18 were ordered received and filed. CRA Minutes -2- 7/6/99 071 RECEIVE AND FILE CASH BALANCES BY FUND FOR MAY, 1999 (330.501 The Finance Officer's Report of Cash Fund Balances for the month ending May 31, 1999, was ordered received and filed. BOARD ACTIONS APPROVAL OF OWNER PARTICIPATION AGREEMENT FOR FINANCIAL ASSISTANCE (PACIFIC SALES/TRACT 15853)(600.401 Written Communications: Report dated July 6, 1999, from the Principal Management Analyst, advising that Pacific Sales, an independent appliance and plumbing retailer, wished to purchase a 30,000 -square - foot facility in San Juan Capistrano to locate a new Pacific Sales showroom. The only location able to accommodate their need was the proposed Calle Perfecto Business Park. However, due to improvement costs, the developer of the Calle Perfecto Business Park was unable to offer a building to Pacific Sales that met their financial requirements. Pacific Sales had signed a letter of intent with the Calle Perfecto Business Park contingent on obtaining financial assistance from the Agency. The amount of the assistance necessary to facilitate the transaction was estimated at $220,000. The Owner Participation Agreement would provide for Agency reimbursement to Pacific Sales, from Agency tax increments, an amount equal to 50% of the sales taxes generated from Pacific Sales sales activity until the $220,000 had been paid in full. Douglas Dumhart, Principal Management Analyst, made an oral presentation. Approval of Agreement It was moved by Director Greiner, seconded by Director Swerdlin and unanimously carried to approve the Owner Participation Agreement with Pacific Sales. The Chairman was authorized to execute the Agreement. ADJOURNMENT There being no further business before the Board, the meeting was adjourned at 7:42 p.m. to the next regular meeting date of Tuesday, July 20, 1999, at 5:30 p.m., in the City Council Chambers. Respectfully submitted, CHERYL JO ON AGENCY SECRETARY ATTEST: WYATT HART, CHAIRMAN by David M. Swerdlin, Vice Chairman CRA Minutes -3- 7/6/99