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2017-03-21 Successor Agency Minutes (Special)MINUTES OF THE SPECIAL SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF VERNON MEETING HELD MARCH 21, 2017, IN THE COUNCIL CHAMBER OF THE CITY HALL LOCATED AT 4305 SANTA FE AVENUE VERNON, CALIFORNIA CALL TO ORDER & FLAG SALUTE Members Present: William Davis, Yvette Woodruff-Perez, Melissa Ybarra, Leticia Lopez Members Absent: Luz Martinez The meeting was called to order at 10:09 a.m. by Chairperson William Davis. Given this meeting immediately followed the City Council Meeting there was no need to conduct the Flag Salute again. CHANGES TO THE AGENDA City Clerk Maria Ayala announced that there are no changes to the agenda. PUBLIC COMMENT No public comment provided. NEW BUSINESS 1.A Resolution of the City Council of the City of Vernon acting as the Successor Agency of the Redevelopment Agency of the City of Vernon, approving an agreement regarding expenditure of excess bond proceeds between the Successor Agency and the City of Vernon [2005 Tax Allocation Bonds] Recommendation: A.Find that adoption of the proposed resolution for approval of the Agreement Regarding Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds] is exempt under the California Environmental Quality Act (“CEQA”) because it is a government fiscal activity that will not result in any change to the environment and, therefore, is not a “project” as defined by CEQA Guidelines Section 15378. Even assuming the activity were a “project”, it would be exempt from CEQA review in accordance with CEQA Guidelines Section 15061(b)(3), the general rule that CEQA only applies to projects that may have an effect on the environment; and B.Adopt a resolution to approve an Agreement Regarding Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds], in substantially the same form as presented herewith. City clerk Maria Ayala announced the proposed item. Finance Director William Fox reported on the proposed. Successor Agency to the Redevelopment Agency Special Meeting Minutes March 21, 2017 Page 2 of 2 Member Melissa Ybarra inquired as to any restrictions concerning the use of the Excess Funds. Finance Director Fox replied that the City is required to use the funds for capital infrastructure assets to be used within its jurisdiction. A dialogue ensued between Members and staff regarding the proposed No public comment provided. It was moved by Melissa Ybarra and seconded by Leticia Lopez to: A. Find that adoption of the proposed resolution for approval of the Agreement Regarding Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds] is exempt under the California Environmental Quality Act (“CEQA”) because it is a government fiscal activity that will not result in any change to the environment and, therefore, is not a “project” as defined by CEQA Guidelines Section 15378. Even assuming the activity were a “project”, it would be exempt from CEQA review in accordance with CEQA Guidelines Section 15061(b)(3), the general rule that CEQA only applies to projects that may have an effect on the environment; and B. Adopt a resolution to approve an Agreement Regarding Expenditure of Excess Bond Proceeds [2005 Tax Allocation Bonds], in substantially the same form as presented herewith. Motion carried, 4-0. Yes:William Davis, Yvette Woodruff-Perez, Melissa Ybarra, Leticia Lopez No: None ORAL REPORTS 2.Brief reports on activities, other brief announcements, and directives to staff. There were no oral reports. With no further business, at 10:30 a.m., Chairperson William Davis adjourned the meeting. ________________________ Yvette Woodruff-Perez Chairperson ATTEST: _____________________________ Maria E. Ayala City Clerk