08-0506_CRA_Minutes_Regular MeetingMINUTES
MAY 6, 2008
SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY
BOARD OF DIRECTORS
CLOSE 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 1:36 a.m. on Wednesday,
May 7, 2008.
ROLL C LL
BOARD MEMBERS PRESENT: Sam Allevato, ,toe 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; Maria
Morris, Agency Secretary; and Eileen White, Recording Secretary.
ANNOUNCEMENT OF CLOSED SESSION ACTIONS - None
CONSENT CALENDAR
Board Ammon: Moved by Director Soto, seconded by Director Hribar, and carried
unanimously, 5-0, to approve items 1 through 4 and 6 as recommended by staff.
1. MINUTES OF THE APRIL 1, 2008 MEETING APPROVED AS SUBMITTED.
2. ACCOUNTS PAYABLE WARRANTS DATED APRIL 10, 2008, AND APRIL 24,
2008, IN THE TOTAL AMOUNT OF $53,692.86 RECEIVED AND FILED.
(300.30)
3. REPORT OF INVESTMENTS — MONTH ENDING MARCH 31, 2008, RECEIVED
AND FILED. (350.30)
4. CASH BALANCES BY FUND — MARCH 31, 2008, RECEIVED AND FILED.
(330.50)
5. RIFSOLUTION NO. CRA 08-05-06-01 ADOPTED APPROVING THE ISSUANCE
OF 2008 TAX ALLOCATION BONDS. (340.40)
This item was removed from the Consent Calendar on recommendation from
Omar Sandoval, Agency Counsel, for separate action.
1 5-6-2008
Board Action: Moved by Director Hribar, seconded by Director Soto and
carried unanimously, 5-0 to adopt Resolution No. CRA 08-05-06-04, entitled "A
RESOLUTION OF THE SAN JUAN CAPISTRANO COMMUNITY
REDEVELOPMENT AGENCY, AUTHORIZING THE ISSUANCE OF NOT TO
EXCEED TWENTY-ONE MILLION DOLLARS ($21,000,000) PRINCIPAL
AMOUNT OF SAN JUAN CAPISTRANO CENTRAL REDEVELOPMENT
PROJECT 2008 TAX ALLOCATION BONDS CONSISTING OF TAX EXEMPT
SERIES A BONDS AND SUBORDINATE TAXABLE SERIES B BONDS
(HOUSING), APPROVING, AUTHORIZING, AND DIRECTING THE
EXECUTION OF INDENTURES OF TRUST AND CONTINUING DISCLOSURE
AGREEMENT RELATING THERETO; AUTHORIZING AND DIRECTING
COMPETITIVE BID OF SALE OF SUCH BONDS APPROVING OFFICIAL
STATEMENT AND PROVIDING OTHER MATTERS PROPERLY RELATING
THERETO."
6. LICENSE AGREEMENT WITH SOUTH COAST FARMS IN THE AMOUNT OF
$25,000 ANNUALLY FOR A PERIOD OF 10 YEARS APPROVED; AND THE
CHAIRMAN AUTHORIZED TO EXECUTE THE AGREEMENT ON BEHALF OF
THE COMMUNITY REDEVELOPMENT AGENCY. (SOUTH COAST FARMS)
(600.30)
PUBLIC HEARING - None
BOARD ACTIONS - None
BOARD MEMBER COMMENTS: None
ADJOURNMENT
There being no further business, Chairman Nielsen adjourned the meeting at 1:41 a.m.
May 7, 2008, to Tuesday, May 20, 2008 at 5:30 p.m. for Closed Session, and 6:30 p.m.
for the ubli Business Session, in the City Council Chamber.
Res�se submitted,
1
MARMAORRIS.bNPUTY AGENCY SECRETARY
Approved: June 3, 2008
ATT ST
4 f� -
MA K NIELSEN, CHAIRMAN
5-6-2008