Redevelopment Advisory Commission

CITY OF HENDERSON REDEVELOPMENT AGENCY ADVISORY COMMISSION MINUTES December 15, 2015 I. CALL TO ORDER Chairman Serfas called the Redevelopment Agency Advisory Commission to order at 4:03 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 Stan Southwick John Vanderploeg Mark Mark McGinty fffffff Laura Jane Spina (arrived at 4:04 p.m.) Excused: Tom Foster Dave Johnson Staff: Barbra Coffee, Director of Ec. Dev/Redevelopment MaryAnne Cruzado, Redevelopment Commission Coordinator Michelle Romero, Redevelopment Manager Rory Robinson, Sr. Assistant City Attorney Mark Hobaica, City Architect Redevelopment Agency Advisory Commission Page 2 of 4 December 15, 2015 – Minutes III. PUBLIC COMMENT No comments were presented by the public. IV. ACCEPTANCE OF AGENDA (Motion) Mr. McGinty introduced a motion to accept the agenda. The vote favoring approval was unanimous. Chairman Serfas declared the motion carried. V. NEW BUSINESS 1 MINUTES CITY OF HENDERSON REDEVELOPMENT AGENCY ADVISORY COMMISSION MEETING OF OCTOBER 27, 2015 Adopt the minutes of the City of Henderson Redevelopment Agency Advisory Commission meeting of October 27, 2015. (Motion) Mr. McGinty introduced a motion to adopt the October 27, 2015, minutes, as presented. The vote favoring approval was unanimous. Chairman Serfas declared the motion carried. 2 FIRST QUARTER FY16 FINANCIAL UPDATE Accept the Financial report for the Cornerstone, Downtown, Eastside, Tuscany, Lakemoor Canyon redevelopment areas and the administration thereof as of September 30, 2015. Michelle Romero, Redevelopment Manager, read a summary of the proposed item. She pointed out that the Agency has already received 40% of revenues and that semi-annual payments have been made to developers. Responding to a question by Mr. Southwick regarding the reason for the increased revenues, Ms. Romero said it was due to the recent reset in the Eastside Redevelopment area. (Motion) Mr. McGinty introduced a motion to accept the Financial report for the Cornerstone, Downtown, Eastside, Tuscany, Lakemoor Canyon redevelopment areas and the administration thereof as of September 30, 2015. Redevelopment Agency Advisory Commission Page 3 of 4 December 15, 2015 – Minutes 3 REDEVELOPMENT AGENCY ANNUAL AUDIT FISCAL YEAR 2014-2015 Accept the Redevelopment Agency’s Fiscal Year 2014-2015 Audited Financial Statements. Ms. Romero gave a summary of the proposed item, and reported that there were no outstanding issues except for what was discussed last month regarding the devaluation of property that was appraised. She noted that, on the page for Management Discussion and Analysis, it explains that the reduction is in value of the property and not in actual cash receipts. She stated that all the checks and balances were deemed appropriate for the Agency. (Motion) Mr. McGinty introduced a motion to approve the Redevelopment Agency’s Fiscal Year 2014-2015 Audited Financial Statements. The vote favoring approval was unanimous. Chairman Serfas declared the motion carried. 4 RESOLUTION FUNDING APPROVAL FOR INSTALLATION OF THREE PHASE POWER AND ASSOCIATED NV ENERGY EQUIPMENT TO SITE A Adopt a resolution of the City of Henderson Redevelopment Agency, Clark County, Nevada, authorizing the Agency to pay the cost of installation of three-phase power improvements to Site A and associated equipment, in an amount up to $150,000.00 pursuant to an agreement to be entered into between the Agency and NV Energy and authorizing the Executive Director to negotiate an agreement between the Agency and NV Energy for the installation of three-phase power improvements. Ms. Romero presented a summary of the proposed item. Responding to a question by Mr. McGinty regarding if this power can feed into other potential businesses, Ms. Romero replied that it can depending on the load for each one and that the Agency has the ability to be reimbursed from other projects that are going in for their pro-rata share. She added that there will be no reimbursements from Lovelady or Desimone because the appraisal was created as if the three-phase power were already included. Redevelopment Agency Advisory Commission Page 4 of 4 December 15, 2015 – Minutes (Motion) Ms. Spina introduced a motion to adopt the resolution of the City of Henderson Redevelopment Agency, Clark County, Nevada, authorizing the Agency to pay the cost of installation of three- phase power improvements to Site A and associated equipment, in an amount up to $150,000.00 pursuant to an agreement to be entered into between the Agency and NV Energy and authorizing the Executive Director to negotiate an agreement between the Agency and NV Energy for the installation of three-phase power improvements. VI. CHAIRMAN\MEMBER COMMENTS Ms. Romero introduced Mr. Mark Hobaica, currently the City of Henderson Architect, who will take her place when she retires in February. Mr. Hobaica said he will do his best to get involved as best as he can and mirror Michelle as well as participat in as many meetings and briefings. VII. SET NEXT MEETING The next meeting was set for January 26, 2016 at 4:00 p.m., in the Annex Conference Room, City Hall Annex, 280 Water Street, Henderson, Nevada. VIII. PUBLIC COMMENT There were no comments presented by the public. IX. ADJOURNMENT There being no further business to be discussed, the meeting was adjourned at 4:16 p.m. Respectfully submitted, __________________________ MaryAnne Cruzado Redevelopment Commission Coordinator