HomeMy WebLinkAbout02/21/2006 MINUTES RA
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SPECIAL MEETING
1. ROLL CALL
Present:
Absent:
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161'
BAKERSFIELD REDEVELOPMENT AGENCY
MEETING OF FEBRUARY 21, 2006
Council Chambers, City Hall, 1501 Truxtun Avenue
Special Meeting - 4:00 p.m.
ACTION TAKEN
Agency Members, Prince, Mishoe, Cohen, Martinez,
Bentley,
Davenport, Schroeder
2. PUBLIC STATEMENTS
None.
3. CONSENT CALENDAR
Minutes of the January 3, 2006 regular meeting for
approval.
b. Approval of department payments from December 21,2005
to February 9,2006 in the amount of $12,619.63
a.
c. Component Unit Financial Report (CUFR) for the
Bakersfield Redevelopment Agency for the fiscal year
ended June 30, 2005.
Motion by Bentley, seconded by Prince, to approve Consent
Calendar Items 3.a. through 3.c.
4. REPORTS
APPROVED
AS DA VENPORT,
SCHROEDER
None.
5. UNFINISHED BUSINESS
None.
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Bakersfield, California, February 21, 2006- Page 2
6.
NEW BUSINESS
a.
Amendment No.2 to Agreement No. RA 05-04 Exclusive
Negotiation Agreement between the Bakersfield
Redevelopment Agency and Baker Street Village, L.L.C. for
the revitalization of the Baker Street Project Area.
Staff comments by EDCD Business Manager Barnhard.
Motion by Mishoe, seconded by Martinez, to approved the
amendment.
b.
Agreement between the Redevelopment Agency and Teen
Challenge, a for-profit organization for the purchase of 515
Kentucky Street for $1.00 plus $2000.00 closing costs for
the purpose of constructing two affordable single-family
homes.
Staff comments by EDCD Business Manager Barnhard and
EDCD Director Kunz.
Motion by Mishoe, seconded by Prince, to approve the
Agreement.
c.
Advance Refunding of 1997 Certificates of Participation to
generate one time savings of approximately $2,000,000 to
be used for capital improvements for the Rabobank
Convention Center and Arena complex.
Resolution approving and directing the execution of
the First Amendment to Reimbursement Agreement.
2. Resolution approving authorizing and directing the
execution and delivery of certain lease financing
documents, including a Property Lease, a Lease
Agreement, a Trust Agreement and an Assignment
Agreement; and directing additional actions to
implement the proposed 2006 Refunding
Certificates of Participation and directing other
actions necessary to implement the proposed
refunding program.
1.
Staff comments by Finance Director Nelson Smith.
ACTION TAKEN
RA 05-004(2)
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APPROVED
AS DA VENPORT,
SCHROEDER
RA 06-001
DEED 6379
DEED 6380
APPROVED
AB DA VENPORT,
SCHROEDER
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RA 001-06
RA 002-06
RA 06-002
RA 06-003
RA 06-004
RA 06-005
RA 06-006
RA 06-007
RA 06-008
RA 06-009
RA 06-010
RA 06-011
RA 06-012
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Bakersfield, California, February 21 , 2006- Page 3
6.
NEW BUSINESS continued
Item 6.c. continued
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Motion by Martinez, seconded by Mishoe, adopting the
Resolution approving and directing the execution of the First
Amendment to the Reimbursement Agreement.
Motion by Prince, seconded by Bentley, to approve item 6.c.2.,
a Resolution authorizing and directing the execution and
delivery of certain lease financing documents, including a
Property Lease, a Lease Agreement, a Trust Agreement and
an Assignment Agreement and directing additional necessary
actions.
7. AGENCY STATEMENTS
Agency member Mishoe requested a report on the Farm
Sale at the next meeting of the Redevelopment Agency.
Agency member Prince thanked the Agency for electing
him to the Vice-Chairmanship for the coming year.
8. CLOSED SESSION
None.
9.
WORKSHOP
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None.
ADJOURNMENT
10.
Chairperson Cohen adjourned the meeting at 4:16 p.m.
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CHAIRPERSON of the
Bakersfield Redevelopment Agency
A7l2ed
ff.J.C, CITY CLERK and x Officio Clerk of the
Council of the City of Bakersfield
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ACTION TAKEN
APPROVED
AS DA VENPORT,
SCHROEDER
APPROVED
AS DA VENPORT,
SCHROEDER
164
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