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RDA AGD 20070306 RPV ANCHO ALOS ERDES REDEVELOPMENT AGENCY AGENDA REGULAR MEETING MARCH 6, 2007 FRED HESSE COMMUNITY PARK, 29301 HAWTHORNE BOULEVARD 5:30 P.M. CLOSED SESSION: SEE ATTACHED BROWN ACT CHECK LIST FOR DETAILS. CALL TO ORDER: ROLL CALL: NEXT RESOL. NO. RDA 2007-02 APPROVAL OF AGENDA: APPROVAL OF CONSENT CALENDAR: A. Approval of the Minutes (Petru) Recommendation: Approve the minutes of February 6, 2007. B. December 2006 Treasurer’s Report (McLean) Recommendation: Receive and file the December 2006 Treasurer’s Report for the Rancho Palos Verdes Redevelopment Agency. C. FY06-07 Midyear Financial Report (Downs) Recommendation: 1) Receive and file the FY06-07 Midyear Financial Report, inclusive of the annual tax increment study in accordance with Resolution No. RDA 90-24; and 2) ADOPT RESOLUTION NO. RDA 2007- , AMENDING RESOLUTION NO. RDA 2006-03, THE BUDGET APPROPRIATION FOR FT 06-07, TO INCREASE BUDGETED APPROPRIATIONS IN THE DEBT SERVICE AND HOUSING SET-ASIDE FUNDS OF THE REDEVELOPMENT AGENCY. PUBLIC COMMENTS: For items NOT on the agenda. Speakers are limited to three minutes. ADJOURNMENT: Adjourn to a time and place certain only if you wish to meet prior to the next regular Redevelopment Agency Meeting. CLOSED SESSION AGENDA CHECKLIST Based on Government Code Section 54954.5 (All Statutory References are to California Government Code Sections) Conference with Legal Counsel The City Council/Agency finds, based on advice from legal counsel, that discussion in open session will prejudice the position of the local agency in the litigation: Potential Litigation: G.C. 54956.9(b) Concerning the house located at 40 Cherry Hill Lane that has moved onto Redevelopment Agency property located seaward of Palos Verdes Drive South. Potential Number of Cases: 1 W:\2007 RDA AGENDAS\20070306 RDA AGENDA.doc RDA Agenda March 6, 2007 Page 2