RSA Minutes - 2_27_18 - signed.pdf 1 February 27, 2018
CITY OF SANTA MONICA
REDEVELOPMENT SUCCESSOR AGENCY MINUTES
FEBRUARY 27, 2018
A special meeting of the Santa Monica Redevelopment Successor Agency was called to order by Chair
Winterer at 7:24 p.m., on Tuesday, February 27, 2018, at City Council Chambers, 1685 Main Street.
Roll Call: Present: Chair Ted Winterer
Chair Pro Tem Gleam Davis
Agency Member Sue Himmelrich
Agency Member Kevin McKeown
Agency Member Pam O’Connor
Agency Member Terry O’Day
Agency Member Tony Vazquez
Also Present: Executive Director Rick Cole
Agency Attorney Lane Dilg
Agency Secretary Denise Anderson-Warren
CONVENE On order of the Chair, the Redevelopment Successor Agency convened to a
joint meeting with the City Council at 7:04 p.m., with all Agency Members
present.
REPORT ON MEETING
COMPENSATION
Pursuant to State law, Agency Clerk Denise Anderson-Warren announced
that Council will receive no compensation for meeting as the
Redevelopment Successor Agency.
CONSENT CALENDAR: There being a Consent Calendar for the Redevelopment Successor Agency,
the Mayor, with the consensus of the Councilmembers, convened to a joint
meeting at 7:04 p.m., and the two Consent Calendars were heard
concurrently, with all Agency/Councilmembers present.
All items were considered and approved in one motion unless removed by a
Councilmember for discussion.
There were no members of the public present to comment on Consent
Calendar items.
At the request of Agency/Councilmember McKeown, Item 3-H was
removed from the Consent Calendar.
2 February 27, 2018
MINUTES 3.J. Approval of minutes for the January 9, 2018 Redevelopment
Successor Agency meeting, were presented.
Recommended Action
Staff recommends that the Redevelopment Successor Agency approve the
minutes for the January 9, 2018 meeting.
CITY INVESTMENT
POLICY
3.K. Annual Update on City Investment Policy, was presented.
Recommended Action
Staff recommends that the City Council:
1. Review and approve the City’s revised Investment Policy; and
2. Extend the delegation of investment authority to the Director of
Finance, as City Treasurer, from March 1, 2018 through February
28, 2019.
Staff also recommends that the Successor Agency Governing Board:
1. Review and approve the City Investment Policy for Successor
Agency Investments; and
2. Extend investment authority to the Treasurer of the Successor
Agency, from March 1, 2018 through February 28, 2019.
Motion by Agency/Councilmember Himmelrich, seconded by
Agency/Councilmember O’Day, to approve the Consent Calendar except
for Item 3-H, reading resolutions by title only and waiving further reading
thereof. The motion was approved by the following vote:
AYES: Agency/Councilmembers O’Connor, O’Day, Himmelrich,
Vazquez, McKeown, Chair/Mayor Pro Tem Davis,
Chair/Mayor Winterer
NOES: None
ABSENT: None
ADJOURNMENT OF
SPECIAL JOINT
MEETING
On order of the Chair/Mayor, the special meeting of the Redevelopment
Successor Agency adjourned at 7:06 p.m.
ATTEST: A P P R O V E D :
Denise Anderson-Warren Ted Winterer
A g e n c y S e c r e t a r y C h a i r
Ted Winterer (Dec 11, 2018)
Ted Winterer
Denise Anderson-Warren (Dec 12, 2018)
Denise Anderson-Warren