Redevelopment Advisory Commission

CITY OF HENDERSON REDEVELOPMENT AGENCY ADVISORY COMMISSION MINUTES October 28, 2014 I. CALL TO ORDER Chairman Richard Serfas called the Redevelopment Agency Advisory Commission meeting to order at 4:00 p.m. in the Annex Conference Room, City Hall Annex, 280 Water Street, Henderson, Nevada. II. CONFIRMATION OF POSTING AND ROLL CALL MaryAnne Cruzado, Recording Secretary, confirmed the meeting had been noticed in accordance with the Open Meeting Law by posting the Agenda three working days prior to the meeting at City Hall, Henderson Convention Center, Green Valley Police Substation, and Fire Station No. 86. Present: Chairman Richard Serfas Mark McGinty Stan Southwick Tom Foster John Vanderploeg Excused: Laura Jane Spina Dave Johnson Staff: MaryAnne Cruzado, Admin Assistant III Rory Robinson, Sr. Assistant City Attorney Michelle Romero, Redevelopment Manager Lisa Sich, Special Projects Accountant Daphney Jeffers, Sr. Administrative Analyst Gue Redevelopment Agency Advisory Commission Page 2 of 3 October 28, 2014 – DRAFT Minutes III. PUBLIC COMMENT No comments were presented by the public. IV. ACCEPTANCE OF AGENDA (Motion) Mr. Vanderploeg introduced a motion to accept the agenda as amended. The vote favoring approval was unanimous. Chairman Serfas declared the motion carried. V. NEW BUSINESS 1 MINUTES REDEVELOPMENT AGENCY ADVISORY COMMISSION MEETING OF AUGUST 26, 2014 Adopt the minutes of the City of Henderson Redevelopment Agency Advisory Commission meeting of August 26, 2014. (Motion) Mr. McGinty introduced a motion to adopt the minutes of August 26, 2014, as presented. The vote favoring approval was unanimous. Chairman Serfas declared the motion carried. 2 FINANCIAL UPDATE Accept financial reports. Lisa Sich, Special Projects Accountant, presented a summary of this item. Referencing the August RDA Summary, Ms. Sich said the Finance Department completes a full monthly accrual of revenue now so prior year comparisons will be skewed. She said the way the County calculates the shift percentage creates a timing difference and in an up cycle, the revenue is lower than projected and in a down cycle, revenue is higher than projected. Ms. Sich said we expect that we will come in higher than our revenue projection provided by the State. Ms. Sich also noted on the summary page for August 31 that there are negative balances in the Landwell, Cornerstone, and Tuscany OPA reimbursements, which were related to the accrual reversals from the prior year and will be taken care of in October 1st when payments are made. (Motion) Mr. McGinty introduced a motion to accept the financial reports. The vote favoring approval was unanimous Chairman Serfas declared the motion carried. Redevelopment Agency Advisory Commission Page 3 of 3 October 28, 2014 – DRAFT Minutes 3 USE OF BUDGETED REVOLVING FUNDS FOR MAINTENANCE AND/OR PHYSICAL IMPROVEMENTS TO AGENCY-OWNED PROPERTIES FOR THE FISCAL YEAR 2015 Approve the use of the Redevelopment Agency's Revolving funds for the maintenance and/or physical improvements to Agency-owned properties in the fiscal year 2015. Ms. Sich presented a summary of this item, and noted that City Lights will need some maintenance work when this is approved. Responding to a question regarding other structures that need maintenance and if $7,000.00 is enough, Ms. Sich stated that trash and fencing are common needs. Ms. Jeffers mentioned that $3,900.00 was budgeted last year and only $3,000.00 was spent. (Motion) Mr. Vanderploeg introduced a motion to approve the use of the Redevelopment Agency’s Revolving Fund, not to exceed $7,000.00 in fiscal year 2015, for maintenance and/or physical improvements to Agency owned properties. VI. CHAIRMAN\MEMBER COMMENTS Chairman Serfas requested an update on the Downtown Master Plan at a future meeting. VII. SET NEXT MEETING The next meeting was set for November 18, 2014, at 4:00 p.m. VIII. PUBLIC COMMENT No comments were presented by the public. IX. ADJOURNMENT There being no further business to be discussed, the meeting was adjourned at 4:08 p.m. Respectfully submitted, __________________________ Maryanne Cruzado, Administrative Assistant III