08-0603_CRA_Minutes_Regular Meeting' MINUTES
JUNE 3, 2008
SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
CLOSED SESSION (610.85) - None
Chairman Nielsen called the Regular Meeting of the Board of Directors of the San Juan
Capistrano Community Redevelopment Agency to order at 7:55 p.m.
ROLL CALL
BOARD MEMBERS PRESENT: Sam Allevato, Joe Soto, Dr. Londres Uso, Vice
Chairman Tom Hribar and Chairman Mark Nielsen
BOARD MEMBERS ABSENT: None
STAFF PRESENT: Dave Adams, Executive Director; Steve Apple, Deputy Executive
Director; Cynthia L. Russell, Finance Officer; Omar Sandoval, Agency Counsel; Meg
Monahan, Agency Secretary; and Eileen White, Recording Secretary.
ANNOUNCEMENT OF CLOSED SESSION ACTIONS - None
CONSENT CALENDAR
Board Action: Moved by Director Soto, seconded by Director Allevato, and carried
unanimously, 5-0, to approve items 1 through 5 as recommended by staff.
1. MINUTES OF THE REGULAR MEETING OF MAY 6, 2008 APPROVED AS
SUBMITTED.
2. MINUTES OF THE SPECIAL MEETING OF MAY 14, 2008, APPROVED AS
RECOMMENDED BY STAFF.
3. ACCOUNT PAYABLE WARRANTS DATED MAY 22, 2008, IN THE TOTAL
AMOUNT OF $50,074.79, RECEIVED AND FILED. (300.30)
4. CASH BALANCES BY FUND — APRIL 30, 2008, RECEIVED AND FILED.
(330.50)
5. REPORT OF INVESTMENTS — MONTH ENDING APRIL 30, 2008, RECEIVED
AND FILED. (350.30)
1 6-3-2008
PUBLIC HEARING - None
BOARD ACTIONS
RESOLUTION NO. CRA 08-06-03-01 ADOPTED APPROVING THE FISCAL
YEAR 2008-2009 COMMUNITY REDEVELOPMENT AGENCY BUDGET.
(330.20)
Description: The FY 2008/09 Community Redevelopment Agency budget
provides revenue and expenditure projections for the coming year. Because the
Agency will be experiencing some major debt service requirements during the
upcoming year and near future, additional tax increment financing has been
issued to restructure agency debt and spread the repayment of these and other
loans over the remaining life of the Agency. Staff recommended the Board adopt
a resolution approving the Fiscal Year 2008-2009 Community Redevelopment
Budget.
Written Communications: Report dated June 3, 2008, by Cindy Russell,
Assistant City Manager.
Presentation: Cindy Russell, Assistant City Manager, summarized the staff report.
Board Comment: Board members agreed to use Agency funds to fund
beautification efforts such as the addition of median strips throughout the
community; monument to welcome residents and visitors to the City installed as
a part of the Ortega Interchange improvement; and improvements to the
downtown area. They agreed on the need for a cohesive and consistent plan to
direct the beautification efforts.
Board Action: Moved by Director Hribar, seconded by Director Uso and
carried unanimously, 5-0, to adopt Resolution No. CRA 08-06-03-01, entitled "A
RESOLUTION OF THE BOARD OF DIRECTORS OF THE SAN JUAN
CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY ADOPTING THE
FISCAL YEAR 2008-2009 BUDGET AND AUTHORIZING EXPENDITURES
AND APPROPRIATIONS RELATED THERETO."
BOARD MEMBER COMMENTS: None
2 6-3-2008
' ADJOURNMENT
There being no further business, Chairman Nielsen adjourned the meeting at 8:15 p.m.
to Tuesday, June 17, 2008 at 5:30 p.m. for Closed Session, and 6:30 p.m. for the Public
Business Session, in the City Council Chamber.
Respectfully submi d,
R. MONAHAN, AGE
July 1, 2008
ATTEST•
M R NIELSEN, COARMAN
6-3-2008