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RDA MINS 20110824 SPC MINUTES SPECIAL MEETING RANCHO PALOS VERDES REDEVELOPMENT AGENCY AUGUST 24, 2011 The meeting was called to order at 6:18 P.M. by Chair Long at Robert Ryan Park/ Activity Room, 30359 Hawthorne Boulevard, Rancho Palos Verdes, notice having been given with affidavit thereto on file. Redevelopment Agency roll call was answered as follows: PRESENT: Misetich, Wolowicz, and Chair Long ABSENT: Campbell (excused) and Stern (excused) Also present were Assistant Executive Director Carolynn Petru, Agency Attorney Carol Lynch, Director of Finance/Information Technology Dennis McLean, and Agency Secretary Carla Morreale. APPROVAL OF AGENDA: Member Wolowicz moved, seconded by Vice Chair Misetich, to approve the agenda. Without objection, Chair Long so ordered. PUBLIC COMMENTS: (On Items Listed on the Special Meeting Agenda): None. REGULAR NEW BUSINESS: Compliance with New Redevelopment Law—Adoption of Enforceable Obligation Payment Schedule Agency Attorney Lynch provided a brief staff report and update on the recent action taken by the State of California regarding new Redevelopment Law. She distributed a revised Enforceable Obligation Payment Schedule which included the addition of a debt obligation entry for the AMCAL Affordable Housing Project in the amount of$1,766,368. Brief discussion ensued between staff and Agency Members. Member Wolowicz moved, seconded by Vice Chair Misetich, to: ADOPT RESOLUTION NO. RDA 2011-13, AS AMENDED, A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY, ADOPTING THE REVISED ENFORCEABLE OBLIGATION PAYMENT SCHEDULE. The motion passed on the following roll call vote: AYES: Misetich, Wolowicz, and Chair Long NOES: None ABSTAIN: None ABSENT: Campbell and Stern Adjournment: At 6:22 P.M., Chair Long adjourned the Redevelopment Agency meeting. Chair Attest: eLc-MAW le Agency Secretary W:\City Council RDA Minutes\2011\20110824 RDA MINS SPEC MTG.doc Redevelopment Agency Minutes Special Meeting August 24, 2011 Page 2of2