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Home My WebLink AboutRDA Packet 1998/02/24 Notice is hereby given that the Chair of the Redevelopment Agency has called and will convene a special joint meeting of the Redevelopment Agency/Council, Tuesday, February 24, 1998 at 6:00 p.m., immediately following the regular City Council meeting, in Council Chambers, located in the Public Services Building, 276 Fourth Avenue, Chula Vista, California to consider, deliberate and act upon the following: ~hair 'L ,01 Tuesday, February 24, 1997 Council Chambers 6:00 p.m. Public Services Building (immediately following the City Council meeting) Special Joint Meetine of the Redevelopment Aeencv/Council of the City of Chula Vista CALL TO ORDER 1. ROLL CALL: Agency/Council Members Moot -' Padilla_, Rindone -' Salas -' and Chair/Mayor Horton - CONSENT CALENDAR ( Item 2 through 3 ) (Will be voted on immediately following the Council Consent Calendar during the City Council meeting) The staff recommendations regarding the following item listed under the Consent Calendar will be enacted by the Agency/Council by one motion without discussion unless an Agency/Council member, a member of the public or City staff requests that the item be pulled for discussion. If you wish to speak on one of these items, please fill out a "Request to Speak Form" available in the lobby and submit it to the Secretary of the Redevelopment Agency or the City Clerk prior to the meeting. Items pulled from the Consent Calendar will be discussed after Action Items. Items pulled by the public will be the first items of business. 2. APPROVAL OF MINUTES: February 10, 1998 3. REPORT: AUDITED FINANCIAL STATEMENTS FOR FISCAL YEAR ENDED JUNE 30, 1997--Presented for Council/Agency information and acceptance are the Audited Financial Statements for the fiscal year ended June 30, 1997, as prepared by the independent audit firm of Moreland & Associates. Both the City's and the Agency's Annual Financial Reports received unqualified opinions from the independent audit firm. Staff recommends the Council and Agency accept the Fiscal Year 1996-97 Financial Statements. (Director of Finance) . . . END OF CONSENT CALENDAR' . . ADJOURNMENT TO CITY COUNCIL MEETING At this time, the Redevelopment Agency will adjourn to the Council meeting. ............. Agenda -2- February 24, 1998 ORAL COMMUNICATIONS This is an opportunity for the general public to address the Redevelopment Agency on any subject matter within the Agency's jurisdiction that is not an item on this agenda. (State law, however, generally prohibits the Redevelopment Agency from taking action on any issues not included on the posted agenda.) If you wish to address the Agency on such a subject, please complete the "Request to Speak Under Oral Communications Form" available in the lobby and submit it to the Secretary to the Redevelopment Agency or City Clerk prior to the meeting. Those who wish to speak, please give your name and address for record purposes andfollow up action. ITEMS PULLED FROM THE CONSENT CALENDER This is the time the Redevelopment Agency will discuss items which have been removed from the Consent Calendar. Agenda items pulled at the request of the public will be considered prior to those pulled by Agency/Council Members. OTHER BUSINESS 4. DIRECTOR'S/CITY MANAGER'S REPORT(s) 5. CHAIR'S/MAYOR'S REPORT(s) 6. AGENCY/COUNCIL MEMBER COMMENTS ADJOURNMENT The meeting will adjourn to a closed session and thence to the Regular Redevelopment Agency Meeting on March 3, 1998 at 4:00 p.m., immediately following the City Council meeting, in the City Council Chambers. .......... CLOSED SESSION Unless Agency Counsel, the Executive Director, or the Redevelopment Agency states otherwise at this time, the Agency will discuss and deliberate on the following item(s) of business which are permitted by law to be the subject of a closed session discussion, and which the Agency is advised should be discussed in closed session to best protect the interests of the City. The Agency is required by law to return to open session, issue any reports of.f'k1Æ action taken in closed session, and the votes taken. However, due to the typical length of time taken up by closed sessions, the videotaping will be terminated at this point in order to save costs so that the Agency's return from closed session, reports of.f'k1Æ action taken, and adjournment will not be videotaped. Nevertheless, the report of final action taken will be recorded in the minutes which will be available in the Office of the Secretary to the Redevelopment Agency and the City Clerk's Office. - . ..- Agenda -3- February 24, 1998 7. CONFERENCE WITH REAL PROPERTY NEGOTIATOR - Pursuant to Government Code Section 54956.8 a. Property: 760 Broadway (Parcel Nos. 571-200-13, 14, 15, 16, and 17) Negotiating Parties: Redevelopment Agency (Chris Salomone) and Broadway Village Business Homes, LP. Under Negotiations: Price and terms for disposition b.1. Property: Assessor's Parcel Nos. 565-310-09 and 25; and 567-011-04 Negotiating Parties: Redevelopment Agency (Sid Morris/Chris Salomone), and San Diego Padres Under Negotiations: Price and terms for disposition Property: Assessor's Parcel Nos. 565-010-30; and 567-011-05 Negotiating Parties: Redevelopment Agency (Sid Morris/Chris Salomone), Pearl Development (owner), and San Diego Padres Under Negotiations: Price and terms for acquisition/disposition 2. Property: Assessor's Parcel Nos. 760-048-03, 06 through 08, 16, 17, and 50 through 55 Negotiating Parties: City and Redevelopment Agency of Chula Vista (Sid Morris/Chris Salomone), Port District (owners), and San Diego Padres Under Negoliations: Price and terms for acquisition/disposition 3. Property: Assessor's Parcel Nos. 760-048-05 (portion of), 12, 15, and 59; and 571-330-13, and 17 (portion of) Negotiating Parties: City and Redevelopment Agency of Chula Vista (Sid Morris/Chris Salomone), Port District and Rohr, Inc. (owners), and San Diego Padres Under Negotiations: Price and terms for acquisition/disposition - - _.- MINUTES OF A JOINT MEETING OF THE REDEVELOPMENT AGENCY/ CITY COUNCIL OF THE CITY OF CHULA VISTA Tuesday, February 10, 1998 Council Chambers 10:00 p.m. Public Services Building CALL TO ORDER 1. ROLL CALL: PRESENT: Agency/Councilmembers: Moot, Padilla, Rindone, Salas, and Chair/Mayor Horton ABSENT: None ALSO PRESENT: Executive Director/City Manager, John D. Goss; Legal Counsel/City Attorney, John M. Kaheny; and City Clerk, Beverly A. Authelet. CONSENT CALENDAR (Items pulled: none) CONSENT CALENDAR OFFERED BY CHAIR/MAYOR HORTON, heading read, text waived, passed and approved unanimously 5-0. 2. APPROVAL OF MINUTES: November 4, 1997 and November 18, 1997 3. RESOLUTION 1568 ADOPTING NEGATIVE DECLARATION IS-97-20 AND APPROVING AN OWNER PARTICIPATION AGREEMENT WITH HEYE TRUST, DONALD R. HEYE, TRUSTEE, FOR THE DEVELOPMENT OF A 27,000 SQUARE FOOT INDUSTRIAL BUILDING AT 1685 BRANDYWINE AVENUE WITHIN THE OTAY VALLEY ROAD REDEVELOPMENT PROJECT AREA - In 1992, Hyspan Precision Products relocated from San Diego to a 5-acre site on the NE corner of Brandywine Avenue and Otay Valley Road. At this time, Hyspan is proposing to construct a 27,000 sq. ft. industrial building fronting on Otay Valley Road adjacent to their existing plant to be leased out to an appropriate tenant. The Otay Valley Road Redevelopment Plan requires the Agency to consider an Owner Participation Agreement. Staff recommends approval of the resolution. (Community Development Director) . . . END OF CONSENT CALENDAR' . . ORAL COMMUNICATIONS There were none. ITEMS PULLED FROM THE CONSENT CALENDAR No items were pulled. OTHER BUSINESS 4. DIRECTOR/CITY MANAGER'S REPORT(S) - none. 5. CHAIR/MAYOR'S REPORT(S) - none. 6. AGENCY/COUNCIL MEMBER COMMENTS - none. d -I Minutes February 10, 1998 Page 2 ADJOURNMENT The meeting adjourned at 10:04 p.m. Respectfully submitted, Beverly A. Authelet, CMC/AAE City Clerk d-J.- JOINT COUNCIL/REDEVELOPMENT AGENCY AGENDA STATEMENT Item ~ Meeting Date Februarv 24. 1998 ITEM TITLE: Audited Financial statements for Fiscal Year ended June 30, 1997 SUBMITTED BY: Di=ctor of Fina","~ REVIEWED BY: CHy Ma=gerJú \PO J"õthe Voc", Yee_No.JL1 Presented for Council/Agency inf6rmation and acceptance are the Audited Financial statements for the fiscal year ended June 30, 1997, as prepared by the independent audit firm of Moreland & Associates. Both the City's and the Agency's Annual Financial Reports received unqualified (clean) opinions from the independent audit firm. RECOMMENDATION: That Council and the Agency accept the fiscal year 1996-97 Financial Statements. BOARDS/COMMISSIONS RECOMMENDATION: Not Applicable. DISCUSSION: Pursuant to the City Charter Section 1017, an annual audit is performed of the City's financial records by an independent accounting firm. The firm of Moreland & Associates has examined the general purpose financial statements of the City of Chula vista and the Redevelopment Agency, and issued their opinion that those statements "present fairly, in all material respects, the financial position of the City and Agency at June 30, 1997, and the results of operations for the year then ended in conformity with generally accepted accounting principles." The audit did not result in any material adjustments to previously reported year-end figures for the General Fund. Available Fund Balance was verified to be $4.43 million as of June 30, 1997, an increase of approximately $0.7 million over the balance as of the end of the previous fiscal year. In order to form a basis for their opinion, Moreland & Associates evaluated the internal control procedures of the City and found no weaknesses worthy of corrective recommendations to Council for the second consecutive year. ~ - I -. ... Page 2, Item ..3 Meeting Date February 24. 1998 The accounting firm is currently completing their work to produce a Single Audit Report as required by the Federal Government for grant recipients. The Single Audit Report includes a summary of the City's federal grants, primarily Community Development Block Grants and statements of compliance with federal grant regulations. Rather than delay presenting the City and Agency Statements to you, the Single Audit Report will be submitted to you as an information item upon completion. In the unlikely event that there are findings requiring your attention, the report will be docketed as a regular agenda item. A representative from Moreland & Associates is available to answer any questions you may have. FISCAL IMPACT: There is no fiscal impact to the City or Agency from this action. The contract for the audit services totaled $40,813 for the year reported. 3-d- - -