03-0819_CRA_Minutes_Regular MeetingMINUTES
August 19, 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 7:20 p.m.
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: Pamela Gibson, Interim Executive Director; Thomas Tomlinson,
Deputy Director; John Shaw, Agency Counsel; Meg Monahan, Agency Secretary;
Cynthia L. Russell, Interim Assistant City Manager/Finance Officer; William M. Huber,
Engineering and Building Director; Amy Amirani, Public Works Director; Karen
Community Services Manager; Sgt. Gil Garcia, Police Services; and, Eileen White,
Recording Secretary.
CONSENT CALENDAR
Board Action: Moved by Director Gelff, seconded by Vice Chairman Soto and carried
unanimously, 5-0, to approve items 1 and 2 as recommended by staff.
MINUTES FROM THE REGULAR MEETING OF JULY 15, 2003, APPROVED
AS SUBMITTED.
CRA WARRANTS DATED JULY 24, 2003, IN THE AMOUNT OF $54,172.80,
RECEIVED AND FILED. (300.30)
BOARD ACTIONS
C1. REVISED DEBT SERVICE FUND BUGDET FISCAL YEAR 2003-2004 BUDGET
APPROVED (330.70)
Project Descriotion: Due to the uncertainty of the State budget, staff prepared
the Fiscal Year 2003-04 budget anticipating a "worst case scenario" shift of
$389,000 from the Community Redevelopment Agency Debt Service Fund to the
08-19-2003
Educational Revenue Augmentation Fund (ERAF). The final State budget signed
on August 2, 2003, provides for a shift of $210,983. Staff recommends that the
Agency's Debt Service Fund Budget be amended to reflect the revised
projections, increasing the projected Debt Service Fund reserves by $178,017.
Written Communications: Report dated August 19, 2003, from Cynthia L.
Russell, Finance Officer
Presentation: Cynthia L. Russell, Finance Officer, summarized the staff report
Board Action: Moved by Director Swerdlin, seconded by Director Gelff, and
carried unanimously, 5-0, to adopt the Revised Debt Service Fund Budget as
submitted by staff.
ADJOURNMENT
There being no further business, Chairman Hart adjourned the meeting at 7:23 p.m. to a
regular meeting, Tuesday, September 2, 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
-�VA/ut, a --11Z
ET R. MONAHAN, SECRETARY
Approved:
ATTFRT-
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