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RDA MINS 20081202 MINUTES RANCHO PALOS VERDES REDEVELOPMENT AGENCY REGULAR MEETING DECEMBER 2, 2008 The meeting was called to order at 11:26 P.M. by Chair Clark at Fred Hesse Community Park, 29301 Hawthorne Boulevard. Redevelopment Agency roll call was answered as follows: PRESENT: Long, Stern, Wolowicz, and Chair Clark ABSENT: Gardiner (excused) Also present were Executive Director Carolyn Lehr, Agency Attorney Carol Lynch, Assistant Executive Director Carolynn Petru, Planning Director Joel Rojas, Deputy Planning Director Greg Pfost, Redevelopment Agency Attorney Robyn Harris, and Agency Secretary Carla Morreale. APPROVAL OF AGENDA: Member Stern moved, seconded by Vice Chair Wolowicz, to approve the Agenda as submitted. Without objection, Chair Clark so ordered. APPROVAL OF CONSENT CALENDAR: Member Stern moved, seconded by Vice Chair Wolowicz, to approve the Consent Calendar. The motion carried on the following roll call vote: AYES: Long, Stern, Wolowicz, and Chair Clark NOES: None ABSTAIN: None ABSENT: Gardiner Approval of the Minutes (1900) Approved the minutes of the November 6, 2008 Adjourned Regular Meeting. September 2008 Monthly Report of Cash Balances (1900) Received and filed the September 2008 Monthly Report of Cash Balances for the Rancho Palos Verdes Redevelopment Agency. Register of Demands ADOPTED RESOLUTION NO. RDA 2008-13, A RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT AGENCY, ALLOWING CERTAIN CLAIMS AND DEMANDS AND SPECIFYING FUNDS FROM WHICH THE SAME ARE TO BE PAID. # # # # # # # # Status of Affordable Housing Development on the Redevelopment Agency (RDA) Crestridge Property and Expenditure of Set-Aside Funds to Cover Pre- Development Costs (1900 x 701) Deputy Planning Director Pfost provided a summary staff report and timetable presentation regarding this item. David Yarden, Vice President, AMCAL Multi-Housing, introduced himself and Darrin Hansen, Vice President, AMCAL Multi-Housing; provided a brief history on AMCAL Multi-Housing and an overview of their recent projects; and, gave a presentation on the proposed Affordable Housing Development for the City's Crestridge Property. Council and staff discussion with the consultant focused on the following topics: community compatibility of the project as proposed; concerns of the residents including the maintenance of the quality appearance of the development; property management issues regarding upkeep and maintenance; the review process of income-qualified tenants as regulated by the State of California; sources of financing and Federal tax credits as regulated by the State of California; the City's timetable and consequences of not adhering to the timetable for the proposed development; disposal of surplus affordable housing funds; and, the City's Housing Element and need to meet the Affordable Housing Component and in-lieu of requirements as mandated by State law. Perry Cockreham, President of Ridgecrest Ranchos HOA, Rancho Palos Verdes, stated that the community does not consider the Crestridge site to presently be an unsightly property as portrayed by the AMCAL representative. He stated that the Ridgecrest Ranchos HOA is strongly opposed to the use of the site for affordable housing and suggested there may be other viable revenue producing projects for the site. Member Long moved, seconded by Member Stern, to 1) Receive and file the status report on the proposed affordable housing development on the Agency's Crestridge site; and, 2) Authorize the expenditure of up to $200,000 in pre-development costs from the Agency's 20% Affordable Housing Set-Aside Fund for the preparation of plans, traffic study, geologic study, biological study, and view/visual studies for the proposed development project. The motion carried on the following roll call vote: Redevelopment Agency Minutes December 2, 2008 Page 2 of 3 AYES: Long, Stern, Wolowicz, and Chair Clark NOES: None ABSTAIN: None ABSENT: Gardiner PUBLIC COMMENTS: None. ADJOURNMENT: Chair Clark adjourned the Redevelopment Agency meeting at 12:27 A.M. gitoo.( ..� Chair Attest: C72/pA,edt Agency Secretary W:\City Council RDA Minutes\2008\20081202 RDA MINS.doc Redevelopment Agency Minutes December 2, 2008 Page 3 of 3