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RDA MINS 20000308 MINUTES RANCHO PALOS VERDES REDEVELOPMENT AGENCY REGULAR MEETING MARCH 8, 2000 The meeting was called to order at 10:25 P.M. by Chair Byrd at Fred Hesse Community Park, 29301 Hawthorne Boulevard. PRESENT: Ferraro, McTaggart, Stern, Lyon, and Chair Byrd ABSENT: None Also present were Executive Director Les Evans; Assistant Executive Director Carolynn Petru; Agency Attorney Carol Lynch; Planning, Building & Code Enforcement Director Joel Rojas; Director of Public Works Dean Allison; Finance Director Dennis McLean; Director of Administrative Services/Agency Secretary Jo Purcell; and, Recording Secretary Cindy Fausto. APPROVAL OF AGENDA: Member McTaggart moved, seconded by Member Ferraro, to approve the agenda as presented. APPROVAL OF CONSENT CALENDAR: Member McTaggart moved, seconded by Member Ferraro to approve the Consent Calendar as follows: Minutes (301 X 1900) Approved the minutes of January 18 and February 1, 2000. January 2000 Treasurer's Report (602 X 1900) Received and filed the January 2000 Treasurer's Report for the Rancho Palos Verdes Redevelopment Agency. Reso. No. RDA 2000- 02 - FY Midyear Financial Report (602 X 1900) (1) Received and filed the midyear financial report. (2) Adopted Resolution No. RDA 2000-02, amending Resolution No. RDA 99-10, the budget appropriation for FY 1999- 2000, to increase certain expenditure appropriations in the Abalone Cove fund of the Redevelopment Agency. Resol. No. RDA 2000-03 - Register of Demands (602 X 1900) ADOPTED RESOLUTION No. RDA 2000-03, 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. The motion carried on the following roll call vote: AYES: Ferraro, Lyon, McTaggart, Stern, and Chair Byrd NOES: None Acquisition of Property located at the northwest corner of Crestridge Road and Crenshaw Boulevard (1101 X 1900) City Manager Evans resented the staff report of March 8, 2000 and the recommendation to direct Staff to acquire title to an approximately 19.54 acre parcel located at the northwest corner of Crestridge Road and Crenshaw Blvd for a cost not to exceed $715,000. Attorney Charles Brumbaugh, Jr., representing the Corporation for Better Housing, 100 West Broadway, Suite 1250, Glendale, CA 91210, explained that the property would be returned to the City if the contract was not fulfilled. City Attorney Lynch distributed to the Council a revised option agreement. Lois Larue asked why the City was buying the property. Member Lyon moved, seconded by Member Ferraro, to adopt staff recommendation with the revised option agreement provided by City Attorney Lynch. The motion carried on the following roll call vote: AYES: Ferraro, Lyon, McTaggart, Stern, and Chair Byrd NOES: None RDA Minutes March 8, 2000 Page 2 ADJOURNMENT: At 10:35 P.M., the meeting was adjourned. Chai Attest: 1 , , Agency Secretary W:\2000 RDA Minutes\03082000 rda min,doc RDA Minutes March 8, 2000 Page 3