m-022211 (2)CITY DF SANTA MONICA
REDEVELOPMENT AGENCY MEETING MINUTES
FEBRUARY 22, 2011
A special meeting of the Santa Monica Redevelopment Agency was called to order by Chair
Bloom at 7:21 p.m., on Tuesday, February 22, 2011, at City Council Chambers, 1685 Main Street.
Roll Call: Present: Chair Richard Bloom
Chair Pro Tem Gleans Davis
Agency Member Robert T. Holbrook
Agency Member Kevin McKeown
Agency Member Terry O'Day
Agency Member Bobby Shriver
Absent: Agency Member Pam O'Connor
Also Present: Executive Director Rod Gould
Agency Attorney Marsha Jones Moutrie
Agency Secretary Maria M. Stewart
CONVENE On order of the Chair, the Council convened to a joint meeting with the
Redevelopment Agency and City Council at 7:21 p.m., with Agency
Member O'Connor absent.
INVESTMENT POLICY 3-K: Annual update on City investment policy -recommendation
that City Council approve the proposed revised City Investment Policy;
extend the delegation of investment authority to the Director of Finance,
as City Treasurer, from March 1, 2011, through February 29, 2012; and
adopt Resolution No. 10566 (GCS) entitled: "A RESOLUTION OF
THE CITY OF SANTA MONICA UPDATING THE LIST OF
PERSONS AUTHORIZED TO CONDUCT TRANSACTIONS WITH
THE STATE LOCAL AGENCY INVESTMENT FUND (LAIF) ON
BEHALF OF THE CITY." Recommendation that the Redevelopment
Agency adopt Resolution No. 529 (RAS) entitled: "A RESOLUTION
OF THE REDEVELOPMENT AGENCY OF SANTA MONICA
UPDATING THE LIST OF PERSONS AUTHORIZED TO CONDUCT
TRANSACTIONS WITH THE LAIF ON BEHALF OF THE
REDEVELOPMENT AGENCY," was presented.
There was no one present for public comment.
February 22,2011
Motion by Mayor/Chair Pro Tem Davis, seconded by Council/Agency
Member O'Dav, to approve recommendations. The motion was
approved by the following vote:
AYES: AgencylCouneilmembers McKeo~nm, O'Day, Shriver,
Holbrook, Chair/Mayor Pro Tem Da~~is,
Chair/Mayor Bloom
NOES: None
ABSENT: Agency/Councilmember O'Connor
AIDJGURNt1~IENT On order of the Chair, the special joint meeting of the Redevelopment
Agency and City Council was recessed at 7:25 p.m., with Agency
Member O'Connor absent.
REC~NYENE SPECIAI. On order of the Chair, the special joint meeting with the Redevelopment
JOINT MEETING Agency and City Council cvas reconvened at 9:46 p.m., with
Councihnember O'Connor absent.
P NG STRUCTURES 8-E: Second Implementing Agreement for CitylAgency
1 TIiRDUGII 8 Cooperation Agreement No. 9267 and Cooperation Agreement for
Parking Strnetures 4 thrangh 8 -recommendation that City Council
{Council): 1}authorize the City Manager to reimburse the City for costs
associated with operating execute Second Implementing Agreement No.
9340 {CCS/RAS) to provide the City the option to purchase Agency real
properties in order to secure performance of agency obligations required
under Cooperation Agreement No. 9267(CCS/R AS} and Implementing
Agreement No. 9267(CCS/RAS); and 2) authorize the City Manager to
execute Cooperation Agreement No. 9341 (CCSJRAS} to reimburse the
City for costs associated with operating and maintaining Agency owned
parking structures 1 through 8. Recommendation that the
Redevelopment Agency (Agency): 1}Authorize the Agency Chair to
execute Second Implementing Agreement No. 9340 {CCS/RAS) to
provide the City the option to purchase Agency real properties in order to
secure performance of Agency obligations required under Cooperation
Agreement No. 9267 (CCS(RAS) and Implementing Agreement No.
9267 (CCS/RAS}; and 2) authorize the Executive Director to execute
Cooperation Agreement 9341 {CCS/RAS) and maintaining Agency
owned Parking Structures 1 through $, was presented.
There was no one present for public comment.
Motion by Councilmember McKeown, seconded by Councihnember
O,Day, to approve City Council recommendation. The motion was
approved by the following vote:
2 February 22, 2011
AYES: Councilmembers Shriver, Holbrook, O'Day,
McKeown, Mayor Pro Tem Davis, Mayor Bloom
NOES: None
ABSENT: Councilmember O'Connor
Motion by Agency Member McKeown seconded by A~encv Member
O'Day, to approve Redevelopment Agency recommendation. The
motion was approved by the following vote:
AYES: Agency Members Shriver, Holbrook, O'Day,
McKeown, Chair Pro Tem Davis, Chair Bloom
NOES: None
ABSENT: Agency Member O'Connor
ADJOURNMENT OF On order of the Chair, the special joint meeting w7th the Redevelopment
SPECIAL JOINT Agency and City Coancil was adjourned at 9:48 p.m.
MEETING:
ATTE AP~ VAS
Maria M. Stewart ,,,,,~VVVVVVIIIIIIchard Bloom
Agency Secretary Chair
February 22,2011