Redevelopment Advisory Commission

CITY OF HENDERSON REDEVELOPMENT AGENCY ADVISORY COMMISSION MINUTES REGULAR MEETING Tuesday, October 24, 2017 I. CALL TO ORDER Acting Chairman McGinty 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 Brittany West, 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, Fire Station No. 86, the Nevada Public Notice Website, the City of Henderson Website, and by mailing a copy of the agenda to everyone appearing thereon on the Agenda Master Mailing List. Present: Acting Chairman Mark McGinty Tom Foster (via teleconference) Nathan Henderson Ronald Leavitt Absent: Chairman Richard Serfas (excused) Laura Jane Spina (excused) John Vanderploeg (excused) Staff: Mark Hobaica, Redevelopment Manager Tedie Jackson, Council and Commission Services Reporter Brent Gunson, Assistant City Attorney III David Vorce, Principal Redevelopment Fiscal Administrator Brittany West, Redevelopment Commission Coordinator III. PUBLIC COMMENT There were no public comments presented. Redevelopment Agency Advisory Commission Page 2 of 3 Tuesday, October 24, 2017 – Minutes IV. ACCEPTANCE OF AGENDA (For Possible Action) (Motion) Mr. Leavitt introduced a motion to accept the agenda as presented. The vote favoring approval was unanimous. Acting Chairman McGinty declared the motion carried. V. NEW BUSINESS RAC-1 MINUTES REDEVELOPMENT AGENCY ADVISORY COMMISSION MEETING SEPTEMBER 26, 2017 Redevelopment Agency Advisory Commission Meeting minutes of September 26, 2017. (Motion) Mr. Henderson introduced a motion to adopt the minutes of September 26, 2017, as presented. The vote favoring approval was unanimous. Acting Chairman McGinty declared the motion carried. RAC-2 REDEVELOPMENT AGENCY CLARK COUNTY SCHOOL DISTRICT (CCSD) 18% SET-ASIDE FUNDING DISTRIBUTION OF FUNDS Approve the 2017-18 Henderson Redevelopment Agency 18% Education Set-Aside Fund distribution of $1,022,038.00 to CCSD as recommended. Mark Hobaica, Redevelopment Manager, presented a summary of this item. Responding to a comment that this distribution is per Nevada law, Mr. Hobaica said this law was put in place when the Agency extended the sunset time frame for downtown and eastside areas. He noted that Cornerstone and Tuscany are not included. David Vorce, Principal Redevelopment Fiscal Administrator, noted that if the population in Henderson reaches over 500,000 people, all redevelopment areas will be required to participate in this set-aside distribution program. (Motion) Mr. Henderson introduced a motion to approve the 2017-2018 Henderson Redevelopment Set-Aside Fund distribution in the amount of $1,022,038.00 to the Clark County School District as recommended. The vote favoring approval was unanimous. Acting Chairman McGinty declared the motion carried. Redevelopment Agency Advisory Commission Page 3 of 3 Tuesday, October 24, 2017 – Minutes RAC-3 PARKLINE LOFT NOTE PAYOFF City of Henderson Redevelopment Agency (Agency) to pay off the Parkline Loft note to the City of Henderson (City) in the amount of $621,260.00, plus accrued interest of $173,029.28, for a total of $794,289.28 before the September 7, 2018, due date. Mark Hobaica, Redevelopment Manager, presented a summary of this item. It was noted the value of the land is approximately $640,000.00. (Motion) Mr. Leavitt introduced a motion to approve the augmentation for the City of Henderson Redevelopment Agency to pay off the Parkline Loft Note to the City of Henderson in the amount of $621,260.00, plus accrued interest of $173,029.28, for a total of $794,289.28, before the September 7, 2018, due date. VI. CHAIRMAN\MEMBER COMMENTS There were no Chairman\member comments presented. VII. SET NEXT MEETING The next meeting was set for November 28, 2017, at 4:00 p.m., in the City Hall Annex Conference Room. VIII. PUBLIC COMMENT There were no public comments presented. IX. ADJOURNMENT There being no further business to be discussed, the meeting was adjourned at 4:20 p.m. Respectfully submitted, ___________________________ Tedie Jackson, Official Records Reporter