HomeMy WebLinkAbout2016_08_16 - RDA_SASuccessor Agency
August 16, 2016
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MINUTES of a special meeting of the Board of Directors of the Successor Agency to the
Redevelopment Agency of the City of Redlands held in the Council Chambers,
Civic Center, 35 Cajon Street, on August 16, 2016, at 5:00 P.M.
PRESENT Paul Foster, Chairman
Jon Harrison, Vice Chairman
Pat Gilbreath, Boardmember
Paul Barich, Boardmember
John James, Boardmember
ABSENT None
STAFF N. Enrique Martinez, Executive Director; Dan McHugh, Agency Attorney; Sam
Irwin, Agency Secretary; Tina Kundig, Finance Director; and Oscar Orci,
Development Services Director
Chairman Foster called the meeting to order and offered anyone present the
opportunity to address the Board on any subject, on the closed session agenda.
PUBLIC COMMENTS
None forthcoming
CLOSED SESSION
The meeting was adjourned to a closed session to discuss the following:
1. Conference with legal counsel - Government Code §54956.9(d)(4)
a. One Case: Possible initiation of litigation by the Agency
The meeting reconvened at 7:02 P.M.
CLOSED SESSION REPORT
Agency Attorney McHugh announced that no reportable action was taken by the
Board of Directors during the closed session.
PUBLIC COMMENTS
None forthcoming
NEW BUSINESS
Resolution No. 480 - ROPS Amendment - Finance Director Tina Kundig
explained charges associated with the issue of Tax Allocation Refunding Bonds,
Series 2016A and Taxable Tax Allocation Refunding Bonds, Series 2016B
(collectively, the “2016 Bonds”) to refund outstanding Prior Bonds. On motion of
Ms. Gilbreath, seconded by Mr. James, the Board unanimously approved
Successor Agency
August 16, 2016
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Resolution No. 480 approving an arbitrage rebate payment and adopting an
amendment to the Recognized Obligation Schedule (ROPS) for FY 2016-2017.
ADJOURNMENT
There being no further business, the meeting adjourned at 7:05 P.M. The next
regular meeting of the Board of Directors of the Successor Agency to the
Redevelopment Agency will be held on September 6, 2016.