Redevelopment Agency

CITY OF HENDERSON REDEVELOPMENT AGENCY MINUTES REGULAR MEETING May 21, 2013 I. CALL TO ORDER Chairman Hafen called the Redevelopment Meeting to order at 6:15 p.m., in the City Council Chambers, City Hall, 240 Water Street, Henderson, Nevada 89015. II. CONFIRMATION OF POSTING AND ROLL CALL The Acting Secretary confirmed the Redevelopment 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 Absent: Sabrina Mercadante, Secretary Staff: Stacey Brownfield, Acting Secretary Robert Murnane, Public Works Director Tracy Foutz, Acting Director of Community Development and Svs. Richard Derrick, Finance Director Jonathon Nunes, Council and Commission Services Coordinator Tedie Jackson, Minutes Clerk Redevelopment Agency Meeting Page 2 of 5 May 21, 2013 – 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: Andy Hafen, Sam Bateman, 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 MARCH 19, 2013 ECONOMIC DEVELOPMENT/REDEVELOPMENT City of Henderson Redevelopment Agency Meeting Minutes of March 19, 2013. (Motion) Member Debra March moved to adopt the Minutes of the March 19, 2013, City of Henderson Redevelopment Agency Meeting. The roll call vote favoring passage was: Those voting aye: Andy Hafen, Sam Bateman, 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 PUBLIC HEARING REDEVELOPMENT AGENCY 2013/2014 BUDGET ECONOMIC DEVELOPMENT/REDEVELOPMENT City of Henderson Redevelopment Agency 2013/2014 Budget. Lisa Sich, Special Projects Accountant, reported that revenue projections are down 31 percent from the previous year, and staff has taken measures to reduce budget expenditures by 25 percent. Staff will be using $900,000.00 from reserves to cover the expenditures, which will leave an estimated ending fund balance for future redevelopment projects in Downtown of $1.4 million and Eastside of $6.4 million. She noted that Tuscany and Cornerstone do not have active programs as their redevelopment efforts have completed for items the Agency is funding. Ms. Sich stated that this proposal does result in the sustainability of the Agency’s five-year financial plan. Staff recommends approval of the tentative budget as the final budget. Redevelopment Agency Meeting Page 3 of 5 May 21, 2013 – Minutes Chairman Hafen opened the public hearing at 6:17 p.m., asking if there was anyone present wishing to speak for or against this item. There being no one wishing to speak, the public hearing was closed immediately. Responding to a question by Member Bateman as to the minimum level of reserves, Ms. Sich said it is a percentage of the revenues for next year. She can provide that number to the Agency. In regards to a comment by Chairman Hafen that the City has a statutory mandate, Richard Derrick, Finance Director, said the financial management policy dictates 8.3 percent in the General Fund and 8.3 percent in budget stabilization for the City. He noted that this is more than what is required in Nevada Revised Statute. Mr. Derrick pointed out that the Redevelopment Agency has adopted a similar policy. He noted that the five-year plan committee reviewed their budget projections for 2014 to make sure they have the ability to be financially sustainable through the next five years. Member March said she believes the Redevelopment Agency has adopted prudent steps to ensure the utilization of its resources this coming year. Chairman Hafen commented that the Redevelopment Agency Advisory Commission approved this budget as well. (Motion) Member Debra March moved to adopt the tentative budget, as amended, as the City of Henderson-Redevelopment Agency's Final Budget for Fiscal year 2013/2014. The roll call vote favoring passage was: Those voting aye: Andy Hafen, Sam Bateman, 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 MODIFICATION OF GRANT PROGRAMS DOWNTOWN AND EASTSIDE REDEVELOPMENT AREA FACADE, TENANT, AND SIGN PROGRAMS ECONOMIC DEVELOPMENT/REDEVELOPMENT Modification of the Grant Programs (Facade, Tenant, and Sign Programs) designed as a tool for Business Recruitment and Expansion for the Downtown and Eastside Redevelopment Area. Redevelopment Agency Meeting Page 4 of 5 May 21, 2013 – Minutes Lisa Sich, Special Projects Accountant, reported that staff is recommending changes to the Downtown and Eastside facade improvement, tenant improvement, and sign grant programs. The façade improvement program is being revised from a loan-to-grant program to a strictly grant program for two reasons: 1) Since its inception, the Agency has reduced the amount of funding available for each property; and 2) Some of the potential applicants were having issues with the required liens on the property as it is associated with a loan-to-grant program. Ms. Sich said the facade improvement program is also being revised to allow leasees to apply to the program, but they must have the owner’s approval to do so. Regarding the sign grant program, staff is allowing redevelopment dollars to be spent on signage that is affixed to a building. She stated that the tenant improvement program is being modified to include a description of the grant process. Responding to questions by Member Marz as to whether the sign and the facade improvement programs have matching grants, Ms. Sich replied that there is an 80-percent match on the façade improvement program up to a maximum limit of $12,000.00, and the signage program is a grant. (Motion) Member Sam Bateman moved to approve the modifications to the Downtown and Eastside Redevelopment Area Façade, Tenant, and Sign Programs. The roll call vote favoring passage was: Those voting aye: Andy Hafen, Sam Bateman, 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. Lisa Sich, Special Projects Accountant, reported that staff has been in discussions with a developer who is interested in purchasing 177 West Lake Mead for a new retail store. She said the grocery store at 147 Water Street expects to start tenant improvements very soon. Melrose Boutique, a woman’s clothing and accessory store, is open at 143 Water Street. Redevelopment Agency Meeting Page 5 of 5 May 21, 2013 – Minutes Regarding the City Tower site, Ms. Sich also reported that the agreement has been signed by the property owner and provided to Public Works. Staff is waiting to receive approval to install the bench and the trash can at the bus stop. Ms. Sich stated that the Pinnacle Building has been sold and escrow should close on May 7, 2013. She said staff is expecting Assembly Bill 417, the redevelopment reset bill, to move forward to the Governor’s office for final approval. (Motion) Chairman Andy Hafen moved to accept the Projects Update Report. The roll call vote favoring passage was: Those voting aye: Andy Hafen, Sam Bateman, 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 comments presented by the public. VI. CHAIRMAN\MEMBER COMMENTS There were no Chairman or members comments presented. VII. ADJOURNMENT There being no further business to come before the Agency, Chairman Hafen, in concurrence with the Agency, adjourned the Redevelopment Meeting at 6:25 p.m. PASSED AND ADOPTED THIS 18th DAY OF JUNE, 2013. ______________________ Andy Hafen Chairman ATTEST: _____________________ Stacey Brownfield, MMC Acting Secretary