RDA AGD 20080902
REDEVELOPMENT
AGENCY
AGENDA
REGULAR MEETING
SEPTEMBER 2, 2008
FRED HESSE COMMUNITY PARK, 29301 HAWTHORNE BOULEVARD
REMOTE SITE:
Sheraton Bloomington – Minneapolis South
7800 Normandale Road
Room No. 1513
Minneapolis, MN 55439
6:00 P.M. JOINT CLOSED SESSION WITH THE CITY COUNCIL: SEE ATTACHED
BROWN ACT CHECK LIST FOR DETAILS.
CALL TO ORDER:
ROLL CALL:
NEXT RESOL. NO. RDA 2008-08
APPROVAL OF AGENDA:
APPROVAL OF CONSENT CALENDAR:
A. Approval of the Minutes (Morreale)
Recommendation:
Approve the minutes of August 5, 2008.
B. Biennial Review of the Conflict of Interest Code for the Redevelopment Agency
(Morreale)
Recommendation:
ADOPT RESOLUTION NO. RDA 2008-___, A
RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, ADOPTING AN AMENDED CONFLICT OF INTEREST CODE
CONTAINING REVISED DESIGNATED POSITIONS, DISCLOSURE
CATEGORIES, AND REPEALING RESOLUTION NO. RDA 2006-07.
C. June 2008 Treasurer’s Report (McLean)
Recommendation:
Receive and file the June 2008 Treasurer’s Report for the
Rancho Palos Verdes Redevelopment Agency.
REGULAR BUSINESS:
D. Status of Affordable Housing Development on the RDA Crestridge Property and
Amendment to Contract for Services with Tierra West Advisors (Pfost)
Recommendation:
1) Receive and file a status report on the Agency’s
Crestridge site; 2) Provide direction to Staff on if the Board is willing to issue
bonds to cover a gap in financing for the project; 3) Provide direction to Staff on
if the Board is willing to borrow against future affordable housing fund revenues,
which are anticipated to be received over the next 5-6 years to cover a gap in
financing for the project; 4) ADOPT RESOLUTION NO. RDA 2008-___, A
RESOLUTION OF THE RANCHO PALOS VERDES REDEVELOPMENT
AGENCY, THEREBY APPROVING A BUDGET ADJUSTMENT FOR $25,000
TO FUND THE SERVICES OF TIERRA WEST ADVISORS FOR FY08-09; and,
5) Authorize the Executive Director to enter into a contract with Tierra West
Advisors to provide consulting services to the Agency specifically for the purpose
of assisting the Agency in finding a developer that would construct senior
affordable housing units on the Crestridge site.
PUBLIC COMMENTS:
For items NOT on the agenda. Speakers are limited to three
minutes.
CLOSED SESSION REPORT:
ADJOURNMENT:
Adjourn to Tuesday, September 16, 2008 at 7:00 p.m. at Hesse
Park.
CLOSED SESSION AGENDA CHECKLIST
Based on Government Code Section 54954.5
(All Statutory References are to California Government Code Sections)
Existing Litigation:
G.C. 54956.9(a)
The City Council finds, based on advice from legal counsel, that discussion in open
session will prejudice the position of the local agency in the litigation:
Name of Case: Protus Taniform v. City of Rancho Palos Verdes and Transnation Title
Insurance Company, Los Angeles County Superior Court. Case No.
BC356116.
Redevelopment Agency Agenda
September 2, 2008
Page 2
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 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.
Materials related to an item on this Agenda submitted to the Agency 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.
W:\2008 RDA AGENDAS\20080902 RDA AGENDA.doc
Redevelopment Agency Agenda
September 2, 2008
Page 3