REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA
Council Chamber, City Hall
100 Santa Rosa Avenue, Santa Rosa, California
June 13, 2011
Immediately following the 1:30 Housing Authority meeting
AGENDA
1. CALL TO ORDER
2. ROLL CALL
3. PUBLIC APPEARANCES / PUBLIC COMMENTS: Except for public hearing agenda items, the public may comment on all other agenda items and on items not on the agenda within the jurisdiction of the Redevelopment Agency during this period. The public may comment on public hearing agenda items when the hearing is opened. Each speaker is allowed three minutes.
4. ACKNOWLEDGMENTS AND ANNOUNCEMENTS
5. STATEMENTS OF ABSTENTION
6. APPROVAL OF MINUTES FOR MEETINGS HELD FEBRUARY 28, 2011 AND MARCH 7, 2011
7. CHAIRMAN / COMMISSIONER REPORTS
8. COMMITTEE REPORTS
9. CONSENT ITEMS: None
10. SCHEDULED ITEMS:
10.1 CONTINGENCY RESERVE POLICIES
BACKGROUND: The Redevelopment Agency maintains contingency reserves. The general practice among public agencies is to maintain a reserve fund sufficient to meet financial obligations for a period of time in case of a disaster and maintain adequate cash flow. Proposed Revised Contingency Reserve Policies for the Merged Grace Brothers and Santa Rosa Center Project Area, and the Southwest Project Area budgets have been drafted for the Agency's consideration.
RECOMMENDATION: The Economic Development and Housing Department recommends that the Redevelopment Agency, by two (2) resolutions, revise the existing Contingency Reserve Policies for the Merged Grace Brothers and Santa Rosa Center Project Area, and the Southwest Project Area budgets.
10.2 REDEVELOPMENT AGENCY BUDGET FOR FY 2011/12, FUNDING AGREEMENTS AND BENEFIT FINDINGS
BACKGROUND: The Executive Director is charged with the responsibility of annually submitting, for approval, an estimate of expenditures, revenues, and transfers for all Redevelopment Agency programs which becomes the Redevelopment Agency’s formal budget for the next fiscal year. The Executive Director has prepared an estimate of $8,403,947 for expenditures and $7,652,000 for revenues for the Redevelopment Agency. Amendments to existing funding agreements with the City of Santa Rosa serve to document Fiscal Year 2011/12 budget approvals and make associated benefit findings in each case, subject to City Council approval.
RECOMMENDATION: By resolution, approve the prepared preliminary estimates as the official Redevelopment Agency Budget for the 2011/12 Fiscal Year and recommends that Council approve the same; and by four (4) resolutions, approve four (4) amended funding agreements and make certain benefit findings for the Gateways Economic Development Programs and Administration, Gateways Neighborhood Revitalization Program, Southwest Neighborhood Revitalization Program, and Southwest Leddy Avenue Sewer/Water Extension Project.
11. COMMUNICATION ITEMS:
11.1 Monthly Activities Report
12. ADJOURNMENT
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The City of Santa Rosa does not discriminate on the basis of disability in the admissions or access to, or treatment of or employment in, its programs or activities. Disability-related aids or services, including printed information in alternate formats, to enable persons with disabilities to participate in public meetings and programs are available by contacting the Economic Development and Housing Administrative Secretary at (707) 543-3300 one week prior to the meeting/program. |
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