Redevelopment Agency
Regular MeetingHenderson, NV · October 20, 2015
Minutes
CITY OF HENDERSON
REDEVELOPMENT AGENCY MINUTES
REGULAR MEETING
October 20, 2015
I. CALL TO ORDER
Chairman Hafen called the Redevelopment Agency Meeting to order at
5:34 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, 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: Andy Hafen, Chairman
Sam Bateman, Member
Gerri Schroder, Member
John F. Marz, Member
Absent: Debra March, Member (excused)
Officers: Robert Murnane, Executive Director
Josh Reid, General Counsel
Sabrina Mercadante, Secretary
Absent: None
Staff: Richard Derrick, Chief Financial Officer
Robert Herr, Interim Director of Public Works, Parks & Rec.
Stephanie Garcia-Vause, Community Dev. and Services Director
Tedie Jackson, Council and Commission Services Reporter
Jonathon Nunes, Senior Deputy City Clerk
Lisa Keim, Executive Administrative Assistant
Redevelopment Agency Meeting Page 2 of 4
October 20, 2015 – Minutes
III. ACCEPTANCE OF AGENDA
(Motion)
Chairman Andy Hafen moved to accept the agenda as presented.
The roll call vote favoring passage was: Those voting aye: Sam Bateman,
Andy Hafen, John F. Marz, and Gerri Schroder. Those voting nay: None.
Those absent: Debra March. Those abstaining: None. Chairman Hafen
declared the motion carried.
Chairman Hafen announced that this meeting is being video recorded and
streamed live to the Web.
IV. ITEMS OF BUSINESS
RDA-1 MINUTES
REDEVELOPMENT AGENCY MEETING OF SEPTEMBER 15, 2015
ECONOMIC DEVELOPMENT/REDEVELOPMENT
City of Henderson Redevelopment Agency Meeting Minutes of
September 15, 2015.
(Motion)
Member Gerri Schroder moved to adopt the September 15, 2015, City of
Henderson Redevelopment Agency Meeting minutes.
The roll call vote favoring passage was: Those voting aye: Sam Bateman,
Andy Hafen, John F. Marz, and Gerri Schroder. Those voting nay: None.
Those absent: Debra March. Those abstaining: None. Chairman Hafen
declared the motion carried.
RDA-2 RESOLUTION
TAX INCREMENT REFUNDING BONDS, SERIES 2015
ECONOMIC DEVELOPMENT/REDEVELOPMENT
Robert Murnane, Executive Director, introduced and read Resolution 98 by title:
A RESOLUTION OF THE CITY OF HENDERSON REDEVELOPMENT
AGENCY, CLARK COUNTY, NEVADA, APPROVING THE ISSUANCE OF THE
CITY OF HENDERSON REDEVELOPMENT AGENCY, NEVADA, TAX
INCREMENT REFUNDING BONDS (DOWNTOWN REDEVELOPMENT
AREA), SERIES 2015, AND THE EXECUTION AND DELIVERY OF
DOCUMENTS RELATING THERETO.
Redevelopment Agency Meeting Page 3 of 4
October 20, 2015 – Minutes
Michelle Romero, Redevelopment Manager, presented a summary of this item.
She noted that because the bonds received an A rating, it will save
approximately $373,000.00 in interest over the life of the bonds. She stated that
the bonds did not need insurance because there is a 3.5 debt-coverage ratio.
Responding to a question by Member Bateman, Richard Derrick, Chief
Financial Officer, explained that debt coverage means the ability to repay the
bonds. He noted that the income coming in is three-and-a-half times what the
debt payment would be.
In response to a comment by Member Marz, Ms. Romero confirmed that the life
of the bonds will be extended for 14 years to protect the Redevelopment
Agency.
(Motion)
Chairman Andy Hafen moved to adopt Resolution No. 98.
The roll call vote favoring passage was: Those voting aye: Sam Bateman,
Andy Hafen, John F. Marz, and Gerri Schroder. Those voting nay: None.
Those absent: Debra March. Those abstaining: None. Chairman Hafen
declared the motion carried.
RDA-3 REDEVELOPMENT AGENCY FINANCIAL MANAGEMENT POLICY
NUMBER 600-02, CONTINUING DISCLOSURE REPORTING
ECONOMIC DEVELOPMENT/REDEVELOPMENT
Adoption of Redevelopment Agency Financial Management Policy
Number 600-02, Continuing Disclosure Reporting.
Michelle Romero, Redevelopment Manager, said this item formally adopts the
Redevelopment Agency Financial Management Policy.
(Motion)
Member Sam Bateman moved to adopt Redevelopment Agency Financial
Management Policy Number 600-02, Continuing Disclosure Reporting.
The roll call vote favoring passage was: Those voting aye: Sam Bateman,
Andy Hafen, John F. Marz, and Gerri Schroder. Those voting nay: None.
Those absent: Debra March. Those abstaining: None. Chairman Hafen
declared the motion carried.
V. CHAIRMAN\MEMBER COMMENTS
Redevelopment Agency Meeting Page 4 of 4
October 20, 2015 – Minutes
There were no Chairman or Member comments presented.
VI. PUBLIC COMMENT
There were no public comments presented.
VII. ADJOURNMENT
There being no further business to come before the Redevelopment Agency,
Chairman Hafen, in concurrence with the Redevelopment Agency, adjourned
the Redevelopment Agency Meeting at 5:40 p.m.
PASSED AND ADOPTED THIS 17TH DAY OF NOVEMBER, 2015.
______________________
Andy Hafen
Chairman
ATTEST:
_______________________
Sabrina Mercadante, MMC
Secretary
Agenda
CITY OF HENDERSON
REDEVELOPMENT AGENCY AGENDA
REGULAR MEETING
Tuesday, October 20, 2015 Council Chambers
5:30 PM 240 Water Street
Meeting Inquiries: (702) 267-1400 Henderson, Nevada 89015
NOTICE
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 meeting. Listening devices are available for persons with hearing impairments.
Please contact the City Clerk's office at (702) 267-1400 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. All items are action items unless otherwise
noted.
Public comment will be taken on each agenda item as it is heard. If you desire to provide
public comment on an agenda item, please complete a green speaker card and submit it to
the RDA Secretary prior to the item being heard. Individuals speaking on an item will be
limited to three (3) minutes and spokespersons for a group will be limited to ten (10) minutes.
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 Sabrina Mercadante at (702) 267-1400.
Agenda Information Line - (702) 267-1440 (No. 3).
NOTICE
Parking for public meetings is located in the side parking lot of City Hall adjacent to
Basic Road or in the parking garages located on Water Street or at
Basic Road and Lead Street.
Redevelopment Agency Regular Meeting Page 2 of 3
Tuesday, October 20, 2015 - Agenda
I. CALL TO ORDER
II. CONFIRMATION OF POSTING AND ROLL CALL
III. ACCEPTANCE OF AGENDA (For Possible Action)
IV. ITEMS OF BUSINESS
RDA-1 MINUTES
REDEVELOPMENT AGENCY MEETING OF SEPTEMBER 15, 2015
ECONOMIC DEVELOPMENT/REDEVELOPMENT
For Possible Action.
RECOMMENDATION: Adopt
City of Henderson Redevelopment Agency Meeting Minutes of September 15,
2015.
RDA-2 RESOLUTION
TAX INCREMENT REFUNDING BONDS, SERIES 2015
ECONOMIC DEVELOPMENT/REDEVELOPMENT
For Possible Action.
RECOMMENDATION: Adopt
A RESOLUTION OF THE CITY OF HENDERSON REDEVELOPMENT
AGENCY, CLARK COUNTY, NEVADA, APPROVING THE ISSUANCE OF THE
CITY OF HENDERSON REDEVELOPMENT AGENCY, NEVADA, TAX
INCREMENT REFUNDING BONDS (DOWNTOWN REDEVELOPMENT
AREA), SERIES 2015, AND THE EXECUTION AND DELIVERY OF
DOCUMENTS RELATING THERETO.
RDA-3 REDEVELOPMENT AGENCY FINANCIAL MANAGEMENT POLICY
NUMBER 600-02, CONTINUING DISCLOSURE REPORTING
ECONOMIC DEVELOPMENT/REDEVELOPMENT
For Possible Action.
RECOMMENDATION: Adopt
Adoption of Redevelopment Agency Financial Management Policy Number 600-
02, Continuing Disclosure Reporting.
Redevelopment Agency Regular Meeting Page 3 of 3
Tuesday, October 20, 2015 - Agenda
V. CHAIRMAN\MEMBER COMMENTS
The Chairman and Members may speak on any subject under this section of the
agenda. The 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 by the
Redevelopment Agency.
VI. PUBLIC COMMENT
Items discussed under Public Comment cannot be acted upon at this meeting,
but may be referred by the Agency to the next Regular Meeting for
consideration. Public Comment will be limited to three (3) minutes at the
discretion of the Chairman.
VII. ADJOURNMENT
Posted by 9:00 a.m., October 14, 2015, at the following locations:
City Hall, 240 Water Street, 1st Floor Lobbies
Multigenerational Center, 250 S. Green Valley Parkway
Whitney Ranch Recreation Center, 1575 Galleria Drive
Fire Station No. 86, 96 Via Antincendio
www.cityofhenderson.com
https://notice.nv.gov
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