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RDA MINS 20040203 MINUTES REGULAR MEETING RANCHO PALOS VERDES REDEVELOPMENT AGENCY FEBRUARY 3, 2004 The meeting was called to order at 12:54 A.M. by Vice-Chair Clark at Fred Hesse Community Park, 29301 Hawthorne Boulevard. PRESENT: Long, Stern, Wolowicz, Vice-Chair Clark ABSENT: Gardiner Also present were Executive Director Les Evans; Assistant Executive Director Petru; Agency Attorney Carol Lynch; Director of Planning, Building and Code Enforcement Joel Rojas; Director of Public Works Dean Allison; Agency Secretary Jo Purcell; and Recording Secretary Denise Bothe. APPROVAL OF AGENDA: Member Wolowicz moved, seconded by Member Stern, to approve the Agenda as submitted. Motion carried without objection. APPROVAL OF CONSENT CALENDAR: Member Long stated that he continues to be bothered by the financial statements regarding the financial condition of the Redevelopment Agency; and questioned whether it should be a going concern. In response to Member Long's inquiry, Member Wolowicz explained that government accounting is unique; and expressed his belief that these exist for the purpose of sunsetting at some point in time. City Manager Evans stated that there is a sunset, 2025; noted that this is a going concern; and explained that the City generates money, pays out money, and that the City sets aside money. Member Stern moved, seconded by Vice-Chair Clark, to approve the Consent Calendar as follows: Minutes — December 2, 2003. (301) Approved. November 2003 and December 2003 Treasurer's Reports. (1900) Ordered received and filed. FY 02-03 Audited Financial Report. (1900) Received and filed. Register of Demands. ADOPTED RESOL. NO. RDA 2004-01, 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 to approve the Consent Calendar carried on the following roll call vote: AYES: Long, Stern, Wolowicz, Vice-Chair Clark NOES: None ABSENT: Gardiner # # # # # # PUBLIC COMMENTS: None. ADJOURNMENT: The Redevelopment Agency meeting was adjourned at 12:57 A.M. .1IF /__ / AKAIII■ - Chair Attest: Le° I I ,/ / _ , /..„.4_, Agency Secretary W:\2004 RDA Minutes\02032004 RDA MINS.doc Redevelopment Agency Minutes February 3, 2004 Page 2of2