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HomeMy WebLinkAboutrda min 1995/06/27 MINUTES OF A SPECIAL MEETING OF THE REDEVELOPMENT AGENCY OF THE CITY OF CHULA VISTA Tuesday, June 27, 1995 Council Chambers 10:38 p.m. Public Services Building CALL TO ORDER 1. ROLL CALL: PRESENT: Members Alevy, Moot, Padilia, and Acting Chair Rindone ABSENT: Chair Hotton ALSO PRESENT: John D. Goss, Director; Bruce M. Boogaard, Agency Attorney; and Beverly A. Authelet, City Clerk 2. APPROVAL OF 1V1NUTES: June 13, 1995 (Ac~iourned Special Meeting) and June 13, 1995 (Special Meeting) MSC (Padilla/~loot) to approve the minutes of June 13, 1995 {Adjourned Special Meeting) and June 13, 1995 (Special Meeting) as presented. Approved 4-0-1 with Horton absent. Mr. Boogaard stated the meeting had been called to order in cor~iunction with the City Council meeting to deliberate on Council Comments - Councilmember Rindone, Item a., Status report on negotiations of the Broadway Business Homes Prqject, The request was to discuss the item in Closed Session. BUSINESS 3. RESOLUTION 1454 APPROPRIATING FUNDS, ACCEPTING BIDS, AND AWARDING CONTRACT FOR DEMOLITION AND SITE CLEARANCE OF EXISTING BUILDINGS AT THE FULLER FORD SITE AT 760 BROADWAY IN THE CITY OF CHULA VISTA, CALIFORNIA (RD-133)--The Agency adopted Resolution 1454 at their meeting of 6/20/95. The City Attorney has requested staff resubmit the resolution with wording in the text of the resolution to appropriate funds and indicate therein the account from which funds would be appropriated. Staff recommends the Agency reconsider and re-adopt the resolution. (Community Development Director/Director of Public Works) Chris Salomone, Director of Community Development, stated the Agency Attorney had added language in the resolution and the Agency's action would be to approve the resolution. The Agency met in Closed Sessinn at 10:42 p.m. and reconvened at 10:59 p.m. to discuss Item 3 on the Agency Agenda and Item 15a. on the Council Agenda Mayor Pro Tem Rindone adjourned the City Council meeting at 10:59 p.m. RESOLUTION 1454 OFFERED BY MEMBER PADILLA, reading of the text was waived, passed and approved 3-1-I with Alevy opposed and Horton absent. 4. RESOLUTION 1459 ADOPTING THE REDEVELOPI~!ENT AGENCY BUDGET FOR FISCAL YEAR 1995-1996 AND APPROPRIATING FUNDS THEREFOR--The Redevelopment Agency budget, with commentary, was presented tBr approval as part of the City budget process. As required under California Redevelopment Law, the Redevelopment Agency must meet and adopt their Budget. Staff recommends approval of the resolution. (Community Development Director) Minutes June 27, 1995 Page 2 Mr. Goss stated the overall City budget included the Redevelopment Agency budget. Staff was bringing both budgets forward together. He then presented an overview of the budget with transparencies. The actual deficit of the Agency was approximately $2.5 million and that was assuming conservatively that the growth of the tax increment would be about 2 %. Acting Chair Rindone stated the debt service was almost $3 millon and questioned if it went to the year 2024. Lyle Haynes, Principal Community Development Specialist, replied that the debt service, $2.957 million, contained the tax allocation bonds for the Bayfront, the BCT, CHIP program, and insurance premiums costs through 2011. The only difference between the $2.957 and the amount on the overhead was the certificates of participation, i.e. $2,055,000 because that amount was in the General Fund budget and would not be approved with the RDA budget. Chris Salomone, Director of Community Development, stated the $2.446 million was through 2024. Acting Chair Rindone stated he could not agree with the statement in the General Overview which stated "The result has been that the Agency has not experienced the tax increment growth necessary in order to protect the General Fund from exposure". He felt that was part of it but the land sales, investments made where top dollar was paid, and the need to get future projects on line significantly contributed to it. It was not just the tax increment growth. RESOLUTION 1459 OFFERED BY MEMBER ALEVY, reading of the text was waived, passed and approved 4-0-1 with Horton absent. MSC (Rindone/Padilla) Agency to receive a mid-year report on the Redevelopment Agency Budget no later than the last scheduled RDA meeting in December 1995. Approved 4-0-1 with Hotton absent. ORAL COI~!MUNICATIONS None OTHER BUSINESS 5. DIRECTOR'S REPORT{S) - None 6. CHAIRMAN'S REPORT(S) - None 7. MEMBER COMMENTS - None ADJOURNMENT ADJOURNMENT AT 11: 13 P.M. to a Special Joint Re/development Agency/City Council Meeting on luly 11, 1995 at 6:00 p.m., immediately following the City Council meeting, in the City Council Chambers. CLOSED SESSION The Agency did not meet in Closed Session to discuss Chula Vista Auto Park developers - South Bay Chevrolet and Fuller Ford/Kia v. City/Redevelopment Agency based on statements made in June 8th letter from Auto Park developers to staff. Minutes June 27, 1995 Page 3 8. CONFERENCE WITH LEGAL COUNSEL REGARDING: Anticipated litigation pursuant to Government Code Section 54956.9(b) Chula Vista Auto Park developers - South Bay Chevrolet and Fuller Ford/Honda/Kia v. City/Redevelopment Agency based on statements made in June 8th letter from Auto Park developers to staff (Continued from the meetin~ of June 20, 1995) 9. REPORT OF ACTIONS TAKEN IN CLOSED SESSION - No reportable actions were taken in Closed Session. Respectfully submitted, BEVERLY A. AUTHELET, CMC/AAE, City Clerk / Vicki C. Soderquist, CMC, Deputy City Clerk