m20190226RSA.pdf
February 26, 2019 1
CITY OF SANTA MONICA
REDEVELOPMENT SUCCESSOR AGENCY MEETING MINUTES
FEBRUARY 26, 2019
A special meeting of the Santa Monica Redevelopment Successor Agency was called to order by
Chair Davis at 7:13 p.m., on Tuesday, February 26, 2019, at City Council Chambers, 1685 Main
Street.
Roll Call: Present: Chair Gleam Davis
Chair Pro Tem Terry O’Day
Agency Member Sue Himmelrich
Agency Member Ana M. Jara
Agency Member Kevin McKeown
Agency Member Greg Morena
Agency Member Ted Winterer
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 special joint meeting with the City Council at 7:13 p.m., with all
members present.
REPORT ON MEETING
COMPENSATION
Pursuant to State law, Agency Secretary 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 7:13 p.m., 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.
Members of the public Johnathan Foster and Jerry Rubin commented on
various Consent Calendar items.
At the request of Agency/Councilmember Jara, Item 3-G was removed
from the Consent Calendar.
DocuSign Envelope ID: 837BED2F-4F7F-4878-8139-B9931CA00EBC
February 26, 2019 2
CITY INVESTMENT
POLICY
3.F. 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, 2019 through February
29, 2020.
Staff also recommends that the Successor Agency Governing Board:
1. Review and approve the City Investment Policy for Successor
Agency Investments and
Extend investment authority to the Treasurer of the Successor Agency,
from March 1, 2019 through February 29, 2020.
Motion by Agency/Councilmember McKeown, seconded by
Agency/Councilmember Winterer, to approve the Consent Calendar
except for Item 3-G, reading resolutions by title only and waiving further
reading thereof. The motion was approved by the following vote:
AYES: Agency/Councilmembers Morena, Himmelrich, McKeown,
Winterer, Jara, Chair/Mayor Pro Tem O’Day, Chair/Mayor
Davis
NOES: None
ABSENT: None
ADJOURNMENT: On order of the Chair, the Redevelopment Successor Agency meeting
was adjourned at 7:17 p.m.
ATTEST: A P P R O V E D :
Denise Anderson-Warren Gleam Davis
Agency Secretary C h a ir
DocuSign Envelope ID: 837BED2F-4F7F-4878-8139-B9931CA00EBC