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Redevelopment Advisory Commission

Regular Meeting

Henderson, NV · December 14, 2021

AgendaPacketMinutes

Minutes

CITY OF HENDERSON REDEVELOPMENT AGENCY ADVISORY COMMISSION MINUTES REGULAR MEETING December 14, 2021 I. CALL TO ORDER Acting Chair Ronald Leavitt called the Redevelopment Agency Advisory Commission Meeting to order at 4:02 p.m. in the City Hall Annex Conference Room, City Hall Annex, 280 Water Street, Henderson, Nevada. II. CONFIRMATION OF POSTING AND ROLL CALL Alyssa Perea, Redevelopment Commission Coordinator, confirmed the Redevelopment Agency Advisory Commission meeting had been noticed in compliance with the Open Meeting Law. PRESENT: Acting Chair Ronald Leavitt Emily Lewis Richard Serfas Laura Jane Spina (via Teleconference) ABSENT: Maria Bailey Mark McGinty STAFF: Anthony Molloy, Redevelopment Manager Alyssa Perea, Redevelopment Commission Coordinator Bethany Sanchez, Assistant City Attorney III Janet Sandifer, Deputy City Clerk David Vorce, Principal Redevelopment Fiscal Administrator III. PUBLIC COMMENT There were no public comments presented. IV. ACCEPTANCE OF AGENDA (Motion) Mr. Serfas introduced a motion to accept the agenda, as presented. The vote favoring approval was unanimous. Acting Chair Leavitt declared the motion carried. Redevelopment Agency Advisory Commission Page 2 of 4 Tuesday, December 14, 2021 – Minutes V. NEW BUSINESS 1 MINUTES REDEVELOPMENT AGENCY ADVISORY COMMISSION MEETING NOVEMBER 23, 2021 REDEVELOPMENT Redevelopment Agency Advisory Commission meeting minutes of November 23, 2021. (Motion) Mr. Serfas introduced a motion to adopt the Redevelopment Agency Advisory Commission meeting minutes of November 23, 2021, as presented. The vote favoring approval was unanimous. Acting Chair Leavitt declared the motion carried. 2 REDEVELOPMENT AGENCY ANNUAL AUDIT FISCAL YEAR 2020-2021 REDEVELOPMENT Submission of Redevelopment Agency Annual Audited Financial Statements – Fiscal Year 2020-2021 and Required Communications Letter. David Vorce, Principal Redevelopment Fiscal Administrator, presented a summary of this item, which will be presented to the Redevelopment Agency Board during the meeting of December 21, 2021. He stated the Redevelopment Agency received a clean, unmodified opinion and said there were no findings or significant adjustments to the audit. Mr. Vorce referred to page 66 of the backup material and provided an overview of the Notes to Basic Financial Statements regarding litigation for Site A. He said based on the current progress of the case to date and facts known at this time, a loss contingency is reasonably possible, but a range of loss cannot be reasonably estimated. Mr. Vorce stated revenue and expenditures were all in line and stated the firm that conducted the audit, BDO, references the Required Communications Letter as the Audit Wrap Up: Year Ended June 30, 2021, which begins on page 88 of the backup material, and is intended to elaborate on the significant finding from their audit. Responding to an inquiry from Mr. Serfas regarding if there were any areas of concern in the audit report other than litigation, Mr. Vorce said some of the contingency liabilities are increasing due to the amount of work the developers are undertaking. Redevelopment Agency Advisory Commission Page 3 of 4 Tuesday, December 14, 2021 – Minutes Ms. Lewis congratulated Mr. Vorce and the Redevelopment Agency for this year’s clean audit. Following an inquiry from Acting Chair Leavitt regarding the outcomes of previous financial audits, Mr. Vorce said the Redevelopment Agency has received a clean, unmodified opinion with no findings or significant adjustments to the audits for the past four or five years. Responding to an inquiry from Acting Chair Leavitt regarding the next steps pertaining to Site A, Bethany Sanchez, Assistant City Attorney III, provided a summary of the litigation process and stated the legal procedures are being handled through the City Attorneys Office, which is more cost efficient than outsourcing. 3 FIRST QUARTER FY22 FINANCIAL UPDATE REDEVELOPMENT Financial update for the Downtown, Tuscany, Cornerstone, Eastside, and Lakemoor Canyon Redevelopment Areas and the administration thereof as of September 30, 2021. David Vorce, Principal Redevelopment Fiscal Administrator, presented a summary of this item and reported strong revenue projections from property taxes. He stated he does not expect any of the Redevelopment expenditures to go over the allotted budget. Regarding the individual funds, Mr. Vorce said 58 percent of the total property tax billings in the Eastside are from the Cadence development, which is growing tremendously. He said Cadence is expecting to have approximately 4,000 homes either sold or under contract by the end of this calendar year and stated the Smiths Marketplace at the corner of East Lake Mead Parkway and East Warm Springs Road is scheduled to open in January of 2022. Anthony Molloy, Redevelopment Manager, stated Lakemoor Canyon has an ambitious timeline for the land transfer to take place in February of 2023 and provided a summary of the process involved with starting a new redevelopment area. Redevelopment Agency Advisory Commission Page 4 of 4 Tuesday, December 14, 2021 – Minutes VI. CHAIRMAN\MEMBER COMMENTS Mr. Serfas thanked staff for keeping everyone together during these trying times and stated he appreciates their work and efforts. Acting Chair Leavitt stated as representatives for the public, he thanked staff for presenting the Redevelopment Agency Annual Audited Financial Statements – Fiscal Year 2020-2021 and Required Communications Letter to the Redevelopment Agency Advisory Commission prior to the Redevelopment Agency Board. Ms. Spina wished everyone a happy holiday season. VII. SET NEXT MEETING The next meeting was set for January 18, 2022, at 4:00 p.m. VIII. PUBLIC COMMENT There were no public comments presented. IX. ADJOURNMENT There being no further business to be discussed, Chairman Leavitt adjourned the meeting at 4:24 p.m. Respectfully submitted, ____________________ Janet Sandifer, Deputy City Clerk

Agenda

CITY OF HENDERSON REDEVELOPMENT ADVISORY COMMISSION AGENDA Tuesday, December 14, 2021 City Hall Annex 4:00 PM 280 S. Water Street Meeting Inquiries: (702) 267-1658 Henderson, Nevada 89015 NOTICE DUE TO THE TERMINATION OF THE STATE OF NEVADA EXECUTIVE DEPARTMENT DECLARATION OF EMERGENCY DIRECTIVE 006 AS OF MAY 31, 2021, IN PERSON ATTENDANCE WILL BE ALLOWED CONSISTENT WITH CDC GUIDELINES. IN ACCORDANCE WITH DECLARATION OF EMERGENCY DIRECTIVE 047, INDIVIDUALS SHALL BE REQUIRED TO COVER THEIR NOSE AND MOUTH WITH A MASK OR FACE COVERING IN A MANNER CONSISTENT WITH THE GUIDANCE ISSUED BY THE CDC, AND ANY SUBSEQUENT GUIDANCE ISSUED BY THE CDC. PLEASE CHECK WWW.CDC.GOV FOR ADDITIONAL INFORMATION. Notice to persons with special needs: For those requiring special assistance or accommodation to attend or participate in this meeting, arrangements for a sign language interpreter or services necessary for effective communication for qualified persons with disabilities should be made as soon as possible, but no later than 72 hours before the scheduled event. Please contact Alyssa Perea at (702) 267-1658 or TTY: 7-1-1 at least 72 hours in advance to request a sign language interpreter. You may also submit your request by using Contact Henderson. The Chairman reserves the right to hear agenda items out of order, combine two or more agenda items for consideration, remove an item from the agenda, or delay discussion relating to an item on the agenda at any time. Public comment will be taken at the designated Public Comment periods. Individuals will be limited to three (3) minutes and spokespersons for a group will be limited to ten (10) minutes at the discretion of the Chairman. The Chairman reserves the right to curtail abusive, offensive, inflammatory or repetitive comments that disrupt, disturb or otherwise impede the orderly conduct of the meeting. See NRS 241.030(4)(a). Examples of disruptive conduct include, without limitation, yelling, stamping of feet, whistles, applause, heckling, name calling, use of profanity, personal attacks, physical intimidation, threatening use of physical force, assault, battery, or any other acts intended to impede the meeting or infringe on the rights of the board and/or committee members, City staff, or meeting participants. Backup materials for agenda items can be found in the Office of the City Clerk or on the City's website at: http://www.cityofhenderson.com. To request backup materials, please contact Alyssa Perea at (702) 267-1658. Redevelopment Advisory Commission Meeting Page 2 of 3 Tuesday, December 14, 2021 - Agenda I. CALL TO ORDER II. CONFIRMATION OF POSTING AND ROLL CALL III. PUBLIC COMMENT Public Comment during this portion of the agenda must be limited to matters on the agenda. Individuals will be limited to three (3) minutes and spokespersons for a group will be limited to ten (10) minutes at the discretion of the Chairman. The Chairman reserves the right to curtail abusive, offensive, inflammatory or repetitive comments that disrupt, disturb or otherwise impede the orderly conduct of the meeting. In addition, any person willfully disrupting the meeting may be removed from the room by the presiding officer. See NRS 241.030(4)(a). Examples of disruptive conduct include, without limitation, yelling, stamping of feet, whistles, applause, heckling, name calling, use of profanity, personal attacks, physical intimidation, threatening use of physical force, assault, battery, or any other acts intended to impede the meeting or infringe on the rights of the board and/or committee members, City staff, or meeting participants. IV. ACCEPTANCE OF AGENDA (For Possible Action) V. NEW BUSINESS 1 MINUTES REDEVELOPMENT AGENCY ADVISORY COMMISSION MEETING NOVEMBER 23, 2021 REDEVELOPMENT For Possible Action. RECOMMENDATION: Adopt Redevelopment Agency Advisory Commission meeting minutes of November 23, 2021. 2 REDEVELOPMENT AGENCY ANNUAL AUDIT FISCAL YEAR 2020-2021 REDEVELOPMENT For Information and Discussion Only Submission of Redevelopment Agency Annual Audited Financial Statements – Fiscal Year 2020-2021 and Required Communications Letter. Redevelopment Advisory Commission Meeting Page 3 of 3 Tuesday, December 14, 2021 - Agenda 3 FIRST QUARTER FY22 FINANCIAL UPDATE REDEVELOPMENT For Information and Discussion Only Financial update for the Downtown, Tuscany, Cornerstone, Eastside, and Lakemoor Canyon Redevelopment Areas and the administration thereof as of September 30, 2021. VI. CHAIRMAN\MEMBER COMMENTS The Chairman and Members may speak on any subject under this section of the agenda. Chairman and Members may comment on matters including, without limitation, future agenda items, upcoming meeting dates, and meeting procedures. Comments made cannot be acted upon or discussed at this meeting, but may be placed on a future agenda for consideration. VII. SET NEXT MEETING VIII. PUBLIC COMMENT Items discussed under this Public Comment period cannot be acted upon at this meeting, but may be referred to a future agenda for consideration. Individuals will be limited to three (3) minutes and spokespersons for a group will be limited to ten (10) minutes, at the discretion of the Chairman. The Chairman reserves the right to curtail abusive, offensive, inflammatory or repetitive comments that disrupt, disturb or otherwise impede the orderly conduct of the meeting. In addition, any person willfully disrupting the meeting may be removed from the room by the presiding officer. See NRS 241.030(4)(a). Examples of disruptive conduct include, without limitation, yelling, stamping of feet, whistles, applause, heckling, name calling, use of profanity, personal attacks, physical intimidation, threatening use of physical force, assault, battery, or any other acts intended to impede the meeting or infringe on the rights of the board and/or committee members, City staff, or meeting participants. IX. ADJOURNMENT Posted not later than 9:00 a.m. of the third working day before the meeting, at the following locations: City Hall, 240 Water Street, 1st Floor Lobbies www.cityofhenderson.com https://notice.nv.gov

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