1
THESE MINUTES ARE NOT OFFICIAL
UNTIL APPROVED BY THE
SUCCESSOR AGENCY TO THE
CULVER CITY REDEVELOPMENT AGENCY
REGULAR MEETING OF THE January 28, 2013
SUCCESSOR AGENCY TO THE 5:00 p.m.
CULVER CITY REDEVELOPMENT AGENCY
CULVER CITY, CALIFORNIA
Call to Order & Roll Call
Chair Weissman called the meeting of the Successor Agency
to the Culver City Redevelopment Agency to order at 5:00
p.m.
Present: Andrew Weissman, Chair
Jeffrey Cooper, Vice Chair
Jim B. Clarke, Board Member
Micheál O’Leary, Board Member
Meghan Sahli-Wells, Board Member
o0o
Closed Session
At 5:00 p.m., the Successor Agency recessed to Closed
Session to discuss the following item:
CS-1 Conference with Real Property Negotiators
Re: 12337 to 12423 Washington Boulevard, 4061 to 4069
Centinela Avenue and 4064 Colonial Avenue
Successor Agency Negotiators: John M. Nachbar, Executive
Director; Sol Blumenfeld, Assistant Executive Director;
Todd Tipton, Economic Development Administrator; and
Murray Kane, Successor Agency General Special Counsel
Other Parties Negotiators: Regency Centers Acquisition, LLC
Under Negotiation: Both Price and Terms
Pursuant to Government Code Section 54956.8
o0o January 28, 2013
2
Reconvene
The Successor Agency reconvened its meeting at 7:08 p.m.
with all Members present.
o0o
Report on Action Taken in Closed Session
Chair Weissman indicated there was nothing to report from
closed session.
o0o
Invocation/Pledge of Allegiance
The Invocation was given by John Nachbar, Executive
Director, and the Pledge of Allegiance was led Judy
Scott.
o0o
Community Announcements by Board Members/Information Items
from Staff
None.
o0o
Joint Public Comment for Items NOT On the Agenda
None.
o0o
Receipt and Filing of Correspondence
MOVED BY BOARD MEMBER O’LEARY, SECONDED BY VICE CHAIR
COOPER, AND UNANIMOUSLY CARRIED THAT THE SUCCESSOR AGENCY
RECEIVE AND FILE CORRESPONDENCE.
o0o
January 28, 2013
3
Joint Consent Calendar
Item JC-1
JOINT CITY COUNCIL, HOUSING AUTHORITY AND SUCCESSOR AGENCY
AGENDA ITEM: Cash Disbursements
MOVED BY VICE CHAIR COOPER, SECONDED BY BOARD MEMBER CLARKE
AND UNANIMOUSLY CARRIED THAT THE SUCCESSOR AGENCY APPROVE
CASH DISBURSEMENTS FOR JANUARY 5, 2013 – JANUARY 18, 2013.
o0o
Order of the Agenda
No changes were made.
o0o
Public Comment for Items NOT on the Agenda
None.
o0o
Items from Successor Agency Board Members
None.
o0o
Adjournment
There being no further business, at 10:01 p.m., the
Successor Agency to the Culver City Redevelopment Agency
adjourned its meeting to Monday, February 4, 2013 at 7:00
p.m.
o0o
Martin R. Cole January 28, 2013
4
SECRETARY of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
APPROVED
Andrew Weissman
CHAIR of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
1
THESE MINUTES ARE NOT OFFICIAL
UNTIL APPROVED BY THE SUCCESSOR AGENCY TO THE
CULVER CITY REDEVELOPMENT AGENCY
SPECIAL MEETING OF THE February 4, 2013
SUCCESSOR AGENCY TO THE 5:30 p.m.
CULVER CITY REDEVELOPMENT AGENCY
CULVER CITY,CALIFORNIA
Call to Order & Roll Call
Chair Weissman called the meeting of the Successor Agency
to the Culver City Redevelopment Agency to order at 5:33
p.m.
Present: Andrew Weissman, Chair
Jeffrey Cooper, Vice Chair
Jim B. Clarke, Board Member
Micheál O’Leary, Board Member
Meghan Sahli-Wells, Board Member
o0o
Invocation/Pledge of Allegiance
The Invocation was given by John Nachbar, Executive
Director, and the Pledge of Allegiance was led Goran
Eriksson.
o0o
Community Announcements by Board Members/Information Items
from Staff
None.
o0o
Joint Public Comment for Items NOT On the Agenda
None.
o0o
Receipt and Filing of Correspondence February 4, 2013
2
MOVED BY BOARD MEMBER SAHLI-WELLS, SECONDED BY VICE CHAIR
COOPER, AND UNANIMOUSLY CARRIED THAT THE SUCCESSOR AGENCY
RECEIVE AND FILE CORRESPONDENCE.
o0o
Joint Consent Calendar
Item JC-1
JOINT CITY COUNCIL AND SUCCESSOR AGENCY AGENDA ITEM:
Adoption of Respective Resolutions Approving a Loan
Agreement between the City of Culver City and the Successor
Agency to the Culver City Redevelopment Agency to Address
Temporary Cash Flow Needs
Chair Weissman invited public comment.
The following member of the audience addressed the
Successor Agency:
Goran Eriksson questioned whether there was a risk that the
State’s Finance Department would withhold the money
expected in November.
Discussion between staff and Board Members ensued regarding
the final determination by the County; additional
information available in 45 days; debt service; tax
increment; The Department of Finance; interpretations of
statutes; risk; the number of lawsuits filed by cities
against the Department of Finance; legal rights; and the
State Assembly’s Budget Subcommittee hearing on the
Department of Finance’s handling of the dissolution of
redevelopment.
MOVED BY BOARD MEMBER O’LEARY, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY:
1. ADOPT A RESOLUTION APPROVING A LOAN AGREEMENT BETWEEN
THE CITY AND THE SUCCESSOR AGENCY TO THE CULVER CITY
REDEVELOPMENT AGENCY IN A PRINCIPAL AMOUNT UP TO $1,500,000
WITH INTEREST EQUAL TO THE LOCAL AGENCY INVESTMENT FUND DUE
AND PAYABLE IN FULL FOLLOWING THE JUNE 1, 2013 PAYMENT TO
THE SUCCESSOR AGENCY (WITH SUCH APPROVAL BEING SUBJECT TO
THE APPROVAL OF THE OVERSIGHT BOARD AND THE STATE
DEPARTMENT OF FINANCE); AND, February 4, 2013
3
2. AUTHORIZE THE SUCCESSOR AGENCY GENERAL COUNSEL AND
SUCCESSOR AGENCY SPECIAL COUNSEL TO REVIEW/PREPARE THE
NECESSARY DOCUMENTS; AND,
3. AUTHORIZE THE EXECUTIVE DIRECTOR TO EXECUTE SUCH
DOCUMENTS ON BEHALF OF THE AGENCY; AND,
4. AUTHORIZE THE CHIEF FINANCIAL OFFICER TO DRAW DOWN AND
REPAY FUNDS FROM THE LOAN AS NECESSARY.
o0o
Consent Calendar
Item C-1
(1) Adoption of a Resolution Approving the Recognized
Obligation Payment Schedule (ROPS) for the Period of July
1, 2013 Through December 31, 2013 and Approving Certain
Related Actions; (2) Adoption of a Resolution Approving the
Successor Agency Administrative Budget for the Period of
July 1, 2013 Through December 31, 2013 and Approving
Certain Related Actions; and (3) Authorize the Executive
Director to Make Such Payments on Behalf of the
Successor Agency
MOVED BY BOARD MEMBER O’LEARY, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY:
1. ADOPT A RESOLUTION APPROVING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE OF PERIOD JULY 1, 2013 THROUGH
DECEMBER 31, 2013 (ROPS 13-14A) AND APPROVING CERTAIN
RELATED ACTIONS; AND,
2. ADOPT A RESOLUTION APPROVING THE ADMINISTRATIVE BUDGET
FOR THE PERIOD OF JULY 1, 2013 THROUGH DECEMBER 31, 2013
AND APPROVING CERTAIN RELATED ACTIONS.
o0o
Item C-2
Conditional Approval of a Settlement Relating to an
Existing Debt with the Third Party who has Executed a
Guaranty for a Loan Issued by the Former Culver City
Redevelopment Agency Pursuant to a Participation Agreement February 4, 2013
4
Loan with Sporteve, Inc.
MOVED BY BOARD MEMBER O’LEARY, SECONDED BY BOARD MEMBER
CLARKE AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY:
(1) CONDITIONALLY APPROVE A SETTLEMENT OFFER FROM THE
THIRD PARTY WHO GUARANTEED A LOAN ISSUED BY THE FORMER
CULVER CITY REDEVELOPMENT AGENCY PURSUANT TO A
PARTICIPATION AGREEMENT LOAN WITH SPORTEVE, INC.; AND,
(2) AUTHORIZE THE SUCCESSOR AGENCY GENERAL COUNSEL AND
SUCCESSOR AGENCY SPECIAL COUNSEL TO REVIEW/PREPARE THE
NECESSARY DOCUMENTS (SUBJECT TO THE APPROVAL OF THE
SETTLEMENT BY THE OVERSIGHT BOARD AND THE STATE
DEPARTMENT OF FINANCE); AND,
(3) AUTHORIZE THE EXECUTIVE DIRECTOR TO EXECUTE SUCH
DOCUMENTS ON BEHALF OF THE SUCCESSOR AGENCY.
o0o
Order of the Agenda
No changes were made.
o0o
Public Comment for Items NOT on the Agenda
None.
o0o
Items from Board Members
None.
o0o
February 4, 2013
5
Adjournment
There being no further business, at 5:49 p.m., the
Successor Agency to the Culver City Redevelopment Agency
adjourned its meeting in memory of Alexander Smollins to
Monday, February 11, 2013 at 7:00 p.m.
o0o
Martin R. Cole
SECRETARY of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
APPROVED
Andrew Weissman
CHAIR of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
1
THESE MINUTES ARE NOT OFFICIAL
UNTIL APPROVED BY THE
SUCCESSOR AGENCY TO THE
CULVER CITY REDEVELOPMENT AGENCY
REGULAR MEETING OF THE February 11, 2013
SUCCESSOR AGENCY TO THE 7:00 p.m.
CULVER CITY REDEVELOPMENT AGENCY
CULVER CITY, CALIFORNIA
Call to Order & Roll Call
(Closed Session will occur immediately upon completion of
Regular Session)
Chair Weissman called the meeting of the Successor Agency
to the Culver City Redevelopment Agency to order at 7:04
p.m.
Present: Andrew Weissman, Chair
Jeffrey Cooper, Vice Chair
Jim B. Clarke, Board Member
Micheál O’Leary, Board Member
Meghan Sahli-Wells, Board Member
o0o
Invocation/Pledge of Allegiance
The Invocation was given by John Nachbar, Executive
Director, and the Pledge of Allegiance was led by Ken
Kaufman.
o0o
Community Announcements by Board Members/Information Items
from Staff
None.
o0o
February 11, 2013
2
Joint Public Comment for Items NOT On the Agenda
None.
o0o
Joint Consent Calendar
Item JC-1
(Out of Sequence)
JOINT CITY COUNCIL, HOUSING AUTHORITY AND SUCCESSOR AGENCY
AGENDA ITEM: Cash Disbursements
MOVED BY BOARD MEMBER CLARKE, SECONDED BY VICE CHAIR COOPER
AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY APPROVE
CASH DISBURSEMENTS FROM JANUARY 19, 2013 – FEBRUARY 1,
2013.
o0o
Consent Calendar
Item C-1
(Out of Sequence)
Meeting Minutes
MOVED BY BOARD MEMBER CLARKE, SECONDED BY VICE CHAIR COOPER
AND UNANIMOUSLY CARRIED, THAT THE SUCCESSOR AGENCY APPROVE
MINUTES FOR THE REGULAR MEETING OF JANUARY 14, 2013.
o0o
Receipt and Filing of Correspondence
MOVED BY BOARD MEMBER O’LEARY, SECONDED BY BOARD MEMBER
SAHLI-WELLS, AND UNANIMOUSLY CARRIED THAT THE SUCCESSOR
AGENCY RECEIVE AND FILE CORRESPONDENCE.
o0o
Order of the Agenda
No changes were made.
February 11, 2013
3
o0o
Public Comment for Items NOT on the Agenda
None.
o0o
Items from Successor Agency Board Members
None.
o0o
Closed Session
At 8:28 p.m., the Successor Agency recessed to Closed
Session to discuss the following item:
CS-1 Conference with Legal Counsel – Existing Litigation
Re: Rush Pacifica vs. Culver City Redevelopment Agency, et. al.
LACSC Case No. SC113332
Pursuant to Government Code Section 54956.9(a)
o0o
Reconvene
The Successor Agency reconvened its meeting at 9:09 p.m.
with all Members present.
o0o
Report on Action Taken in Closed Session
Chair Weissman indicated there was nothing to report from
closed session.
o0o
February 11, 2013
4
Adjournment
There being no further business, at 9:10 p.m., the
Successor Agency to the Culver City Redevelopment Agency
adjourned its meeting to Monday, February 25, 2013 at 7:00
p.m.
o0o
Martin R. Cole
SECRETARY of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California
APPROVED
Andrew Weissman
CHAIR of the Successor Agency to the Culver City
Redevelopment Agency
Culver City, California