Redevelopment Agency

CITY OF HENDERSON REDEVELOPMENT AGENCY MINUTES REGULAR MEETING August 21, 2012 I. CALL TO ORDER Chairman Hafen called the Redevelopment Agency Meeting to order at 6:37 p.m., in the City Council Chambers, City Hall, 240 Water Street, Henderson, Nevada 89015. II. CONFIRMATION OF POSTING AND ROLL CALL The Secretary confirmed the Redevelopment Agency Meeting had been noticed in compliance with the Open Meeting Law by posting the Agenda three working days prior to the meeting at City Hall, the Multigenerational Center, the Whitney Ranch Recreation Center, and Fire Station No. 86, and by mailing a copy of the Agenda to everyone appearing thereon on the Agenda Master Mailing List. Present: Andy Hafen, Chairman Sam Bateman, Member Debra March, Member John F. Marz, Member Gerri Schroder, Member Absent: None Officers: Jacob Snow, Executive Director Josh Reid, General Counsel Sabrina Mercadante, Secretary Absent: None Staff: Robert Herr, Assistant Public Works Director Stephanie Garcia-Vause, Director of Community Development Richard Derrick, Finance Director Jonathon Nunes, Council and Commission Services Coordinator Tedie Jackson, Minutes Clerk Redevelopment Agency Meeting Page 2 of 6 August 21, 2012 – Minutes III. ACCEPTANCE OF AGENDA (Motion) Member Gerri Schroder moved to accept the agenda as presented. The roll call vote favoring passage was: Those voting aye: Sam Bateman, Andy Hafen, Debra March, John F. Marz, and Gerri Schroder. Those voting nay: None. Those absent: None. Those abstaining: None. Chairman Hafen declared the motion carried. IV. ITEMS OF BUSINESS RDA-1 MINUTES REDEVELOPMENT AGENCY MEETING OF JULY 17, 2012 ECONOMIC DEVELOPMENT/REDEVELOPMENT City of Henderson Redevelopment Agency Meeting Minutes of July 17, 2012. (Motion) Member Sam Bateman moved to adopt the minutes of the July 17, 2012, City of Henderson Redevelopment Agency Meeting. The roll call vote favoring passage was: Those voting aye: Sam Bateman, Andy Hafen, Debra March, John F. Marz, and Gerri Schroder. Those voting nay: None. Those absent: None. Those abstaining: None. Chairman Hafen declared the motion carried. RDA-2 FINANCIAL MANAGEMENT POLICIES ECONOMIC DEVELOPMENT/REDEVELOPMENT Adoption of new and revised Redevelopment Financial Management Policies for: Budget Reporting, Appropriation Carryover, Current Funding Basis, Avoidance of Operating Deficits, Set Aside Expenditures, Fund Balance Restricted for Future Redevelopment Projects, Financial Stabilization – Redevelopment General Fund, Loan Subordination, Loan Default, Loan Short- Sale/Settlement, Loan Write-Off, Use of Debt, Cash Management, Investment Strategy, Grant Guidelines, Grant Indirect Costs, Grant Review, Grant Procedures and Reporting, Grant Program Termination, Submission of Initial and Annual Reports, Compliance with Agency Policy Statements, Five-Year Forecast of Revenues and Expenditures, Use of Financial Consultants, and Fiscal Signature Authority. Michelle Romero, Redevelopment Manager, reported that staff concurs with the recommendation to adopt the financial management policies. Redevelopment Agency Meeting Page 3 of 6 August 21, 2012 – Minutes LaMonica Harris, 10250 Spencer Street, Apartment 1054, Las Vegas, said this item is talking about policies and signature authorities and adoptions, and she believes she is the “new” and has to sign things for Henderson. Chairman Hafen stated that these are financial policies and no signatures are required. Ms. Romero explained that these are standard financial policies so staff and anyone from the outside will know what steps need to be taken in each financial situation. (Motion) Member Debra March moved to adopt the new and revised Redevelopment Financial Management Policies for: Budget Reporting, Appropriation Carryover, Current Funding Basis, Avoidance of Operating Deficits, Set Aside Expenditures, Fund Balance Restricted for Future Redevelopment Projects, Financial Stabilization – Redevelopment General Fund, Loan Subordination, Loan Default, Loan Short-Sale/Settlement, Loan Write-Off, Use of Debt, Cash Management, Investment Strategy, Grant Guidelines, Grant Indirect Costs, Grant Review, Grant Procedures and Reporting, Grant Program Termination, Submission of Initial and Annual Reports, Compliance with Agency Policy Statements, Five-Year Forecast of Revenues and Expenditures, Use of Financial Consultants, and Fiscal Signature Authority. The roll call vote favoring passage was: Those voting aye: Sam Bateman, Andy Hafen, Debra March, John F. Marz, and Gerri Schroder. Those voting nay: None. Those absent: None. Those abstaining: None. Chairman Hafen declared the motion carried. RDA-3 TERMINATION AGREEMENT DISPOSITION AND DEVELOPMENT AGREEMENT CITY TOWER, LLC ECONOMIC DEVELOPMENT/REDEVELOPMENT Termination Agreement for the Disposition and Development Agreement between the City of Henderson Redevelopment Agency and City Tower, LLC for the development of the 2.15 acres located at the southeast corner of Lake Mead Parkway and Water Street, and settlement of Promissory Note. Redevelopment Agency Meeting Page 4 of 6 August 21, 2012 – Minutes Michelle Romero, Redevelopment Manager, reported that under this termination agreement, the Agency will retain the original $100,000.00 deposit the developer made at the beginning of the project, and the Agency will take back possession of the three parcels that were sold to the developer: 7 East Lake Mead, and 18 and 22 Victory Road. Barry Lasko, 51 East Lake Mead Parkway, distributed a binder containing several photographs of this property. He expressed concern that this property is a safety hazard, being used as a dumping ground, and has graffiti on the walls. He noted that he cleaned up the site because its blighted condition has attributed to a decline in his dental business. Mr. Lasko stated that this property is the gateway to the Water Street District and should be maintained until it is developed. Chairman Hafen stated that the Council shares Mr. Lasko’s frustration regarding this property. He said he will have his assistant set up a meeting with Mr. Lasko and redevelopment staff to further discuss this property. Responding to a question by Member Schroder as to what the legal abilities the Agency has to clean up this property, Josh Reid, General Counsel, said that there are restrictions since the Agency does not own the property. He noted that the Agency must work with the land owner to address the concerns. Regarding a concern about a piece of rebar sticking out of the sidewalk, Jacob Snow, City Manager, noted that he asked the Public Works Department to take care of that. Mr. Lasko claimed that Public Works was on the site for about ten minutes and then left so he removed that debris. Mr. Reid commented that the Agency does have options to address these concerns through Code Enforcement, but that is a long process. Staff believed it was important to take possession of the three parcels immediately and will continue working on this property. Member Schroder stated that they would love for this property to be pristine and to have something built on that particular corner because it is the gateway to Water Street. Mayor Hafen suggested that a staff member from the City Attorney's office also be included in the meeting with Mr. Lasko. Redevelopment Agency Meeting Page 5 of 6 August 21, 2012 – Minutes (Motion) Member Debra March moved to approve the Termination Agreement for the Disposition and Development Agreement between the City of Henderson Redevelopment Agency and City Tower, LLC for the development of the 2.15 acres located at the southeast corner of Lake Mead Parkway and Water Street, and settlement of Promissory Note. The roll call vote favoring passage was: Those voting aye: Sam Bateman, Andy Hafen, Debra March, John F. Marz, and Gerri Schroder. Those voting nay: None. Those absent: None. Those abstaining: None. Chairman Hafen declared the motion carried. RDA-4 PROJECTS UPDATE REPORT ECONOMIC DEVELOPMENT/REDEVELOPMENT Report on new and ongoing projects, events, and business activities within the Cornerstone, Downtown, Eastside, Tuscany, and Lakemoor Canyon redevelopment areas and the administration thereof. Michelle Romero, Redevelopment Manager, reported that 19 Water Street is moving forward on their improvements for their facade loan to grant program, and they are anticipating completing the improvements within 60 days of the day they started. She said the Downtown Residential Civic Alliance has staged six neighborhood cleanups and has been successful in getting many residents to volunteer time to clean up their neighborhood. Ms. Romero also noted that the Wells Park grand reopening is August 25, 2012, at 10:00 a.m. (Motion) Member Debra March moved to accept the Projects Update Report. The roll call vote favoring passage was: Those voting aye: Sam Bateman, Andy Hafen, Debra March, John F. Marz, and Gerri Schroder. Those voting nay: None. Those absent: None. Those abstaining: None. Chairman Hafen declared the motion carried. V. PUBLIC COMMENT There were no public comments presented. VI. CHAIRMAN\MEMBER COMMENTS There were no Chairman/Member comments presented. Redevelopment Agency Meeting Page 6 of 6 August 21, 2012 – Minutes VII. ADJOURNMENT There being no further business to come before the Agency, Chairman Hafen, in concurrence with the Redevelopment Agency, adjourned the Redevelopment Agency Meeting at 6:54 p.m. PASSED AND ADOPTED THIS 18th DAY OF SEPTEMBER, 2012. ______________________ Andy Hafen Chairman ATTEST: _____________________ Sabrina Mercadante, CMC Secretary