(1) Adoption of a Resolution Authorizing Actions as Required by AB 1484 to Undertake Refunding of Outstanding 1999 Series A and 2002 Series A Tax Allocation Bonds and (2) Approval of a Professional Services Agreement with Keyser Marsten Associates in an Amount Not To Exceed $24 000. Item Number: C 2 City of Culver City California Agenda Item Report Meeting Date: 07/08/2013 BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY AGENDA ITEM: (1) Adoption of a Resolution Authorizing Actions as Required by AB 1484 to Undertake Refunding of Outstanding 1999 Series A and 2002 Series A Tax Allocation Bonds and (2) Approval of a Professional Services Agreement with Keyser Marsten Associates in an Amount Not To Exceed $24 000. Contact Person/Dept.: Jeff Muir Finance Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Successor Agency (07/03/13) Department Approval: Jeff Muir (07/02/13) Phone Number: (310) 253 5865 General Fund: Yes No X Action Item: Attachments: X Chief Financial Officer Approval: Jeff Muir (07/02/13) Successor Agency General Counsel Approval: Carol Schwab (by H. Baker) (07/02/13) Successor Agency Special Counsel Approval: Murray Kane (07/03/13) Executive Director Approval: John Nachbar (07/03/13) RECOMMENDATION: Staff recommends the Successor Agency (1) adopt a resolution authorizing Successor Agency staff to take the necessary actions as required by AB 1484 to refund outstanding 1999 Series A and 2002 Series A Tax Allocation Bonds issued by the former Culver City Redevelopment Agency (Former CCRA) and (2) approve a professional services agreement with Keyser Marsten Associates in an amount not to exceed $24 000. BACKGROUND: With the dissolution of redevelopment agencies pursuant to state law on February 1 2012 staff has been looking into methods by which the amount of Redevelopment Property Tax Trust Fund (RPTTF) proceeds available ...
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