03-0401_CRA_Minutes_Regular MeetingMINUTES
April 1, 2003
SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
CLOSED SESSION (610.85) - None
Chairman Hart called the Regular Meeting of the Board of Directors of the San Juan
Capistrano Community Redevelopment Agency to order at 7:21 p.m. in the City Council
Chamber.
ROLL CALL
BOARD MEMBERS PRESENT: Diane Bathgate, David M. Swerdlin, John S. Gelff, Vice
Chairman Joe Soto and Chairman Wyatt Hart
BOARD MEMBERS ABSENT: None
STAFF PRESENT: George Scarborough, Executive Director; John Shaw, Agency Counsel;
Meg Monahan, Agency Secretary; Cynthia L. Russell, Chief Financial Officer; Thomas
Tomlinson, Deputy Director; William M. Huber, Engineering and Building Director; Al King,
Jr., Community Services Director; Lt. J.B. Davis, Chief of Police Services; and, Dawn
Schanderl, Deputy City Clerk.
CONSENT CALENDAR
Board Action: Moved by Vice Chairman Soto, seconded by Director Gelff and carried
unanimously, 5-0, to approve items 1 through 4 as recommended by Staff.
MINUTES FROM THE REGULAR MEETING OF MARCH 4, 2003, APPROVED AS
SUBMITTED.
CRA WARRANTS DATED MARCH 6, 2003, IN THE AMOUNT OF $502,569.34
RECEIVED AND FILED. (300.30)
REPORT OF INVESTMENTS, MONTH ENDING FEBRUARY 28, 2003, RECEIVED
AND FILED. (350.30)
4. CASH BALANCES BY FUND - FEBRUARY 28, 2003, RECEIVED AND FILED.
(330.50)
CRA Minutes 1 4-1-03
BOARD ACTIONS:
C1. OWNER PARTICIPATION AGREEMENT APPROVED WITH TERRANCE M.
O'SHEA, DEVELOPER OF THE SERRA VISTA OFFICE PROJECT, TO
REIMBURSE COSTS FOR CERTAIN PUBLIC IMPROVEMENTS. (600.40)
Project Description: At the February 18, 2003, board meeting, the Board of
Directors approved the concept of providing financial assistance for public
improvements related to the Serra Vista Office project located at 30300 Camino
Capistrano. Improvements include undergrounding of utility lines, street widening
including bike lane, curb and gutter, street lights, fire hydrants, drainage, and re -
striping. After review of the project's pro -forma by the Agency's economic
consultant, staff recommends approving an Owner Participation Agreement to
reimburse the costs of certain public improvements.
Written Communications: Report dated April 1, 2003, from Douglas D. Dumhart,
Principal Management Analyst.
Presentation: Douglas D. Dumhart, Principal Management Analyst, reviewed the
staff recommendation.
Board Member Comments:
Vice Chairman Soto stated he did not support the use of public funds for private
investment.
Director Swerdlin ascertained the financing would be paid back within 20 years at
no interest.
Director Bathgate felt the project met the criteria to obtain assistance from the
Agency and supported staff recommendation.
Board Action: Moved by Director Gelff, seconded by Director Swerdlin and carried
3-2 to approve the Owner Participation Agreement with Terrance M. O'Shea,
Developer of the Serra Vista Office Project, to reimburse costs for certain public
improvements.
ROLL CALL
AYES: DIRECTORS: Bathgate, Gelff and Chairman Hart
NOES: DIRECTORS: Soto and Swerdlin
CRA Minutes 2 4-1-03
ADJOURNMENT
There being no further business, Chairman Hart adjourned the meeting at 7:27 p.m. to a
Regular meeting, Tuesday, April 15, 2003, at 5:30 p.m. for Closed Session and 7:00 p.m.
for the Public Business Session in the City Council Chamber.
Respectfully submitted,
#ARET R. MONAHAN, SECRETARY
Approved: May 6, 2003
ATTEST:
CH*AIRN ART
CRA Minutes 3 4-1-03