RDA MINS 20080902 MINUTES
RANCHO PALOS VERDES REDEVELOPMENT AGENCY
REGULAR MEETING
SEPTEMBER 2, 2008
The meeting was called to order at 1:06 A.M. by Chair Stern at Fred Hesse Community
Park, 29301 Hawthorne Boulevard.
Redevelopment Agency roll call was answered as follows:
PRESENT: Clark, Gardiner, Long, Wolowicz*, and Chair Stern
ABSENT: None
*Member Wolowicz was present via teleconference from the Sheraton Bloomington-
Minneapolis South, 7800 Normandale Road, Room No. 1513, Minneapolis, Minnesota.
Also present were Executive Director Carolyn Lehr, Agency Attorney Carol Lynch,
Assistant Executive Director Carolynn Petru, Director of Finance/IT Dennis McLean,
Director of Planning, Building & Safety, and Code Enforcement Joel Rojas; Deputy
Planning Director Greg Pfost; and Agency Secretary Carla Morreale.
APPROVAL OF AGENDA:
Member Long moved, seconded by Member Wolowicz, to approve the Agenda as
submitted.
The motion carried on the following roll call vote:
AYES: Clark, Gardiner, Long, Wolowicz, and Chair Stern
NOES: None
ABSTAIN: None
ABSENT: None
APPROVAL OF CONSENT CALENDAR:
Member Long moved, seconded by Member Gardiner, to approve the Consent
Calendar.
The motion carried on the following roll call vote:
AYES: Clark, Gardiner, Long, Wolowicz, and Chair Stern
NOES: None
ABSTAIN: None
ABSENT: None
Approval of the Minutes (1900)
Approved/the minutes of the August 5, 2008 Regular Meeting.
Bienniel Review of the Conflict of Interest Code for the Redevelopment Agency
(1900)
ADOPTED RESOLUTION NO. RDA 2008-08, A RESOLUTION OF THE RANCHO
PALOS VERDES REDEVELOPMENT AGENCY, ADOPTING AN AMENDED
CONFLICT OF INTEREST CODE CONTAINING REVISED DESIGNATED
POSITIONS, DISCLOSURE CATEGORIES, AND REPEALING RESOLUTION NO.
RDA 2006-07.
June 2008 Treasurer's Report (1900)
Received and filed the June 2008 Treasurer's Report for the Rancho Palos Verdes
Redevelopment Agency.
# # # # # # # #
REGULAR BUSINESS:
Status of Affordable Housing Development on the RDA Crestridge Property and
Amendment to Contract for Services with Tierra West Advisors (1900)
Agency Secretary Morreale reported that late correspondence was distributed on this
item prior to the meeting.
Deputy Planning Director Pfost provided a brief staff report on the item.
Council and staff discussed issues related to affordable housing, other uses for the
property, and concerns regarding the financial gap for the project.
Vice Chair Clark moved, seconded by Member Wolowicz, to adopt the staff
recommendation to: 1) Received and filed a status report on the Agency's Crestridge
site; 2) Provided direction to Staff on the willingness of the Board to issue bonds to
cover a gap in financing for the project; 3) Provided direction to Staff on the willingness
of the Board to borrow against future affordable housing fund revenues, which are
anticipated to be received over the next 5-6 years to cover a gap in financing for the
project; 4) ADOPTED RESOLUTION NO. RDA 2008-09, A RESOLUTION OF THE
RANCHO PALOS VERDES REDEVELOPMENT AGENCY, THEREBY APPROVING A
BUDGET ADJUSTMENT FOR $25,000 TO FUND THE SERVICES OF TIERRA WEST
ADVISORS FOR FY08-09; and, 5) Authorized the Executive Director to enter into a
contract with Tierra West Advisors to provide consulting services to the Agency
specifically for the purpose of assisting the Agency in finding a developer that would
construct senior affordable housing units on the Crestridge site.
Redevelopment Agency Minutes
September 2, 2008
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The motion carried on the following roll call vote:
AYES: Clark, Long, Wolowicz, and Chair Stern
NOES: Gardiner
ABSTAIN: None
ABSENT: None
PUBLIC COMMENTS:
None.
CLOSED SESSION REPORT:
Agency Attorney Lynch reported that she received unanimous direction from the Agency
Board to approve the settlement agreement.
ADJOURNMENT:
Vice Chair Clark moved, seconded by Chair Stern, to adjourn. Chair Stern adjourned
the Redevelopment Agency meeting at 1:15 A.M.
Chair
Attest:
/ /1
Agency Secretary
W:\City Council RDA Minutes\2008\20080902 RDA MINS.doc
Redevelopment Agency Minutes
September 2, 2008
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