Economic Development Committee

City of Rialto Council Chambers 150 S. Palm Ave. Rialto, CA 92376 Regular Meeting - Final Economic Development Committee Wednesday, May 27, 2020 1:00 PM Rialto City Hall, Council Chambers, 150 S. Palm Ave. Rialto, CA 92376 NOTICE IS GIVEN THAT THE CITY COUNCIL OF THE CITY OF RIALTO HAS DECLARED A LOCAL EMERGENCY RELATED TO COVID-19. IN COMPLIANCE WITH ORDERS FROM THE GOVERNOR OF THE STATE OF CALIFORNIA, THE STATE PUBLIC HEALTH OFFICIAL, AND THE COUNTY PUBLIC HEALTH OFFICIAL, THE CITY HAS CLOSED ALL PUBLIC MEETINGS TO PHYSICAL ATTENDANCE BY THE PUBLIC AND HAS TAKEN STEPS TO PUBLIC MEETINGS BY TELEPHONIC AND OTHER ELECTRONIC MEANS TO THE GREATEST EXTENT POSSIBLE. WAYS TO PROVIDE COMMENTS YOU MAY SUBMIT COMMENTS, AT LEAST ONE HOUR BEFORE THE MEETING TIME, ON ANY AGENDA ITEM, AS FOLLOWS: • IN WRITING VIA MAIL TO: CITY OF RIALTO “ATTN: PLANNING,” 150 S PALM AVE, RIALTO, CA 92376; • BY EMAIL TO PLANNING@RIALTOCA.GOV; • BY VOICE MAIL BY LEAVING A RECORDED MESSAGE AT (909) 820-2535 OF NO MORE THAN THREE MINUTES IN LENGTH AND THE MESSAGE WILL BE PLAYED OR READ ALOUD DURING THE MEETING; • BY SPEAKING ON AN AGENDA ITEM BY SENDING AN E-MAIL TO PLANNING@RIALTOCA.GOV AT LEAST TWO HOURS BEFORE THE MEETING. BE SURE TO PROVIDE YOUR NAME, PHONE NUMBER AND REFERENCE THE AGENDA ITEM IN YOUR MESSAGE, A CITY STAFF MEMBER WILL CALL YOU AT THE NUMBER PROVIDED AS YOUR TURN TO SPEAK APPROACHES. STAFF WILL MAKE TWO ATTEMPTS TO REACH YOU AND CANNOT BE RESPONSIBLE FOR A POOR CONNECTION OR INABILITY TO CONTACT YOU. PLEASE REMEMBER TO TURN DOWN THE VOLUMNE ON ANY DEVICE YOU ARE USING TO VIEW THE MEETING. YOU WILL HAVE THREE MINUTES TO SPEAK ON THE ITEM. CALL TO ORDER ROLL CALL REVIEW/APPROVAL OF MINUTES Page 1 Printed on 5/26/2020 Economic Development Committee Regular Meeting - Final May 27, 2020 REVIEW/MODIFICATION OF AGENDA ITEMS FOR DISCUSSION PRESENTATIONS REPORTS/DISCUSSION ITEMS EDC-20-0396 Request the Economic Development Committee to Review and Discuss the Refunding of the 2008 Series B Merged Project Area (taxable) and the 2008 Series C Merged Project Area (taxable) Tax Allocation Bonds and Direct Staff to Forward the Item to the City Council and the Successor Agency Board to the Redevelopment Agency of the City of Rialto for Consideration. Attachments: Attachment 1 - Savings Summary for Rialto EDC-20-0398 Request Economic Development Committee to Review and Discuss the Draft General Fund Economic Reserve Policy and Direct Staff to Forward the Item to the City Council for Consideration. Attachments: City of Rialto Reserve Policy.docx AGENCY UPDATES UPCOMING MEETINGS/OTHER DISCUSSION ITEMS ADJOURNMENT Page 2 Printed on 5/26/2020