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CC AGD 20090526 SPC�J RANCHO A AGENDA RANCHO PALOS VERDES CITY COUNCIL SPECIAL MEETING MAY 26, 2009 PT. VICENTE INTERPRETIVE CENTER 31501 PALOS VERDES DRIVE WEST REMOTE SITE: 3115 Martingale Drive Rancho Palos Verdes, California 90275 Time Estimates: The time noted next to an agenda item is only an estimate of the amount of time that will be spent during the meeting on that particular item. Accordingly, these estimates should not be relied on in determining when a matter will be heard, especially since agenda items are often re- ordered during a meeting and may be discussed at any time. 7:00 P.M. REGULAR SESSION (10 mins) CALL TO ORDER: ROLL CALL: FLAG SALUTE: APPROVAL OF AGENDA: NEXT RESOL. NO. 2009 -34 NEXT ORDINANCE NO. 489 PUBLIC COMMENTS: (This section of the agenda is for audience comments for items NOT on the agenda.) (5 mins) APPROVAL OF CONSENT CALENDAR: Motion to Waive Full Reading Recommendation: Adopt a motion to waive reading in full of all ordinances presented at this meeting with consent of the waiver of reading deemed to be given by all Council Members after the reading of the title. 30940 Hawthorne Boulevard / Rancho Palos Verdes, CA 90275 -5391 / (310) 544 -5208 / Fax (310) 544 -5291 www.palosverdes.com/rpv 2. Approval of the Minutes (Morreale) Recommendation: Approve the Minutes of the May 4, 2009 Adjourned Regular Meeting. 3. Support Letter for Metro Harbor Rapid Transit Corridor (Petru) Recommendation: Authorize the Mayor to sign a letter to Los Angeles Metro supporting the Metro Harbor Rapid Transit Corridor. REGULAR NEW BUSINESS: (15 mins) 4. City Participation in the Senate and Assembly State Budget Conference Committee (Lehr) Recommendation: Provide staff with direction regarding the level of City participation in the State Budget Conference Committee meeting on public safety and local government scheduled for Thursday, May 28, 2009 at the State Capitol in Sacramento. (90 mins) 5. Terranea Resort — Request for Financial Assistance Using Future Transient Occupancy Tax (TOT) Revenue (McLean) Recommendation: 1) Consider the comments, recommendations, and alternatives presented throughout this report and provide direction to Staff regarding the request made by Lowe Enterprises for financial assistance using future transient occupancy tax revenue; 2) If the Council elects to adopt Alternative 1 - 27 Month (Maximum $8 Million) TOT Rebate Arrangement, introduce the proposed Ordinance that is expected to be distributed as Late Correspondence; and, 3) Approve the use of a trust deposit funded by Long Point Development, LLC, or an affiliate of it, to pay for the City's cost of professional services, including due diligence, document preparation, and other work product necessitated by the request for financial assistance. (10 mins) CITY COUNCIL ORAL REPORTS: (This section of the agenda is designated for oral reports from Council Members to report action taken at outside committee and association meetings.) (5 mins) COUNCIL DISCUSSION & SUGGESTION OF FUTURE AGENDA ITEMS: ADJOURNMENT: Adjourn to a time and place certain only if you wish to meet prior to the next regular meeting. American with Disabilities Act: In compliance with the Americans with Disabilities Act of 1990, if you require a disability - related modification or accommodation to attend or participate in this meeting, including auxiliary aids or services, please call the City Clerk's Office at 310 544 -5208 at least 48 hours prior to the meeting. NOTE: Staff reports are available for inspection at City Hall, 30940 Hawthorne Boulevard during regular business hours, 7:30 A.M. to 5:30 P.M. Monday — Thursday and 7:30 A.M. to 4:30 P.M. on Friday. The agenda City Council Agenda Special Meeting May 26, 2009 Page 2 of 3 and staff reports can also be viewed at Hesse Community Park, 29301 Hawthorne Boulevard during regular business hours: Monday— Friday from 9:00 A.M. until dusk; Saturday and Sunday from 10:00 A.M. until dusk. Written materials, including emails, submitted to the City are public records and may be posted on the City's website. In addition, City meetings may be televised and may be accessed through the City's website. Accordingly, you may wish to omit personal information from your oral presentation or written materials as it may become part of the public record regarding an agendized item. Materials related to an item on this Agenda submitted to the City Council after distribution of the agenda packet are available for public inspection at the front counter of the lobby of the City Hall Administration Building at 30940 Hawthorne Boulevard, Rancho Palos Verdes during normal business hours. You can also view the agenda and staff reports at the City's website www.palosverdes.com /RPV. City Council Agenda Special Meeting May 26, 2009 Page 3 of 3