HomeMy WebLinkAbout091515-SA_CCv0001.pdf 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 September 15, 2015, at 8:27 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; Daniel J. 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, not already on the agenda,
within the jurisdiction of the Successor Agency.
PUBLIC COMMENTS
None forthcoming
CONSENT CALENDAR
Minutes — On motion of Ms. Gilbreath, seconded by Mr. James, the minutes of
the regular meeting on September 1, 2015 were unanimously approved as
submitted.
Resolution No. 474 — ROPS — On motion of Ms. Gilbreath, seconded by Mr.
James, the Board unanimously approved Resolution No. 474 approving the
Recognized Obligation Payment Schedule (ROPS) for January through June
2016.
Resolution No. 475 — Budget — On motion of Ms. Gilbreath, seconded by Mr.
James, the Board unanimously approved Resolution No. 475 approving the
Successor Agency administrative budget for the six-month period beginning
January 1, 2016.
NEW BUSINESS
Bond Refunding — Finance Director Tina Kundig presented details on the
opportunity for a potential debt service savings through refunding of the
Successor Agency's 1998A, 2003A and 2007A Tax Allocation Bonds. On
motion of Ms. Gilbreath, seconded by Mr. James, the Board unanimously
approved professional service agreements between the Successor Agency of
the former Redevelopment Agency of the City of Redlands and HdL Coren &
Cone as Fiscal Consultant; Stifel, Nicolaus & Company, Inc. as Underwriter;
Successor Agency
September 15, 2015
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and Stradling Yocca Carlson & Rauth, P.C. as Bond and Disclosure Counsel,
for work associated with a potential refunding of Successor Agency Tax
Allocation Bonds.
ADJOURNMENT
There being no further business, the meeting of the Successor Agency to the
Redevelopment Agency adjourned at 8:29 P.M. The next regular meeting of
this Board will be held on October 6, 2015.
Successor Agency
September 15, 2015
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