Convene
3:24:20 PM

The Redevelopment Agency of the City of Santa Rosa met in special session at 3:24 p.m. on the 13^th day of June, 2011, in the Council Chamber, City Hall, 100 Santa Rosa Avenue, Santa Rosa, California

Roll Call

Present:  Vice-Chairman Olsen, Agency Members Burke, and Harris.  Absent: Chairman Arnone and Member Lemke.  Also in attendance Economic Development and Housing Director David Gouin, Deputy Director-Parking, Cheryl Woodward, Deputy Director Cheryl Woodward, Economic Development Manager Danielle O’Leary, Administrative Service Officer Chris Jeffery, Program Specialists Kim Nadeau and Alice Miller, Legal Counsel Mike Casey, and Recording Secretary Shirley Stevens.

Public Appearances
3:24:49 PM

None

Acknowledgements and Announcements
3:25:00 PM

None

Statements of Abstention 3:25:04 PM

Mr. Burke abstained from the Minutes being new to the Board.

Approval of Minutes 3:25:24 PM

Due to a lack of voting quorum the Minutes of February 28 and March 7, 2011 were carried to the next meeting.

Chairman/ Commissioner Reports

None

Committee Reports

None

Consent Items

None

Item No. 10.1 CONTINGENCY RESERVE POLICIES 3:25:45 PM

Cheryl Woodward made the staff presentation.  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.

Moved by Mr. Harris, seconded by Mr. Burke, carried 3-0-2-0
Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1659  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING A REVISED CONTINGENCY RESERVE POLICY FOR THE MERGED GRACE BROTHERS AND SANTA ROSA CENTER REDEVELOPMENT PROJECT BUDGETS

Moved by Mr. Harris, seconded by Mr. Burke, carried 3-0-2-0 (Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1660  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING A REVISED CONTINGENCY RESERVE POLICY FOR THE SOUTHWEST REDEVELOPMENT PROJECT BUDGET

Item No. 10.2 REDEVELOPMENT AGENCY BUDGET FOR FY 2011/12, FUNDING AGREEMENTS AND BENEFIT FINDINGS
4:01:32 PM

Chris Jeffery made staff presentation.  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.

Moved by Mr. Burke, seconded by Mr. Harris, carried 3-0-2-0 (Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1661  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING SECOND AMENDED AND RESTATED FUNING AGREEMENT WITH THE CITY OF SANTA ROSA AND MAKING CERTAIN BENEFIT FINDINGS FOR THE ECONOMIC DEVELOPMENT PROGRAM TO BENEFIT THE GATEWAYS REDEVELOPMENT PROJECT AREA

Moved by Mr. Harris, seconded by Mr. Burke, carried 3-0-2-0 (Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1662  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING AN AMENDED AND RESTATED FUNDING AGREEMENT WITH THE CITY OF SANTA ROSA AND MAKING CERTAIN BENEFIT FINDINGS FOR THE NEIGHBORHOOD REVITALIZATION PROGRAM TO BENEFIT THE GATEWAYS REDEVELOPMENT PROJECT AREA

Moved by Mr. Burke, seconded by Mr. Harris, carried 3-0-2-0 (Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1663  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING A SECOND AMENDED AND RESTATED FUNDING AGREEMENT WITH THE CITY OF SANTA ROSA AND MAKING CERTAIN BENEGIT FINDINGS FOR THE NEIGHBORHOOD REVITALIZATION PROGRAM TO BENEFIT THE SOUTHWEST REDEVELOPMENT PROJECT AREA

Moved by Mr. Harris, seconded by Mr. Burke, carried 3-0-2-0 (Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1664  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING THE SECOND AMENDMENT TO THE FUNDING AGREEMENT WITH THE CITY OF SANTA RROSA DATED DECEMBER 1, 2009 AND MAKING CERTAIN BENEGIT FINDINGS FOR THE LEDDY AVENUE SEWER AND WATER MAIN EXTENSION PROJECT

Moved by Mr. Burke, seconded by Mr. Harris, carried 3-0-2-0 (Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the text as follows:

RESOLUTION NO.  1665  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING THE REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 2011/12 AND RECOMMENDING THAT THE COUNCIL OF THE CITY OF SANTA ROSA APPROVE THE SAME

Written Communications 4:27:21 PM

No comments

Adjournment
4:27:27 PM

With no other business to come before the Redevelopment Agency, Vice- Chairman Olsen adjourned the meeting at 4:27 p.m.

Reconvened
4:33:52 PM

Due to a clerical error in the Budget Resolution, Mr. Casey asked that the meeting be reconvened and the corrected resolution paragraph be read and a new vote taken.

Moved by Mr. Harris, seconded by Mr. Burke, carried 3-0-2-0 (Chairman Arnone and Ms. Lemke absent), to adopt and waive the reading of the revised text as follows:

RESOLUTION NO.  1665  ENTITLED:  RESOLUTION OF THE REDEVELOPMENT AGENCY OF THE CITY OF SANTA ROSA APPROVING THE REDEVELOPMENT AGENCY BUDGET FOR FISCAL YEAR 2011/12 AND RECOMMENDING THAT THE COUNCIL OF THE CITY OF SANTA ROSA APPROVE THE SAME

Re-adjournment
4:42:37 PM

With no other business to come before the Redevelopment Agency, Vice- Chairman Olsen re-adjourned the meeting at 4:42 p.m.

_______________________________

Shirley Stevens, Recording Secretary