AGENDA
REGULAR MEETING
REDONDO BEACH COMMUNITY FINANCING AUTHORITY
TUESDAY, MAY 3, 2022 - 6:00 P.M.
REDONDO BEACH CITY COUNCIL CHAMBERS
415 DIAMOND STREET
The Community Financing Authority, a joint powers authority was formed on January 31, 2012, for the purpose of assisting in providing financing, for purposes which are authorized by law and which could finance, lease, own, operate and maintain public capital improvements for any of its members, or to be owned by any of its members.
CALL MEETING TO ORDER
ROLL CALL
A. APPROVAL OF ORDER OF AGENDA
B. ADDITIONAL ITEMS FOR IMMEDIATE CONSIDERATION
B1. BLUE FOLDER ITEMS
Blue folder items are additional back up material to administrative reports and/or public comments received after the printing and distribution of the agenda packet for receive and file.
C. CONSENT CALENDAR
Business items, except those formally noticed for public hearing, or those pulled for discussion are assigned to the Consent Calendar.
The Authority Members may request that any Consent Calendar item(s) be removed, discussed, and acted upon separately. Items removed from the Consent Calendar will be taken up under the “Excluded Consent Calendar” section below. Those items remaining on the Consent Calendar will be approved in one motion following Oral Communications.
C1. APPROVAL OF AFFIDAVIT OF POSTING for the Regular Community Financing Authority meeting of May 3, 2022.
C2. APPROVAL OF MOTION TO READ BY TITLE ONLY and waive further reading of all Ordinances and Resolutions listed on the agenda.
C3. APPROVAL OF MINUTES:
a. Regular Meeting of April 5, 2022.
C4. APPROVAL OF CHECK NUMBERS 000494 THROUGH 000495 IN THE TOTAL AMOUNT OF $4,707.00.
D. EXCLUDED CONSENT CALENDAR ITEMS
E. PUBLIC PARTICIPATION ON NON-AGENDA ITEMS
This section is intended to provide members of the public with the opportunity to comment on any subject that does not appear on this agenda for action. This section is limited to 30 minutes. Each speaker will be afforded three minutes to address the Community Financing Authority. Each speaker will be permitted to speak only once. Written requests, if any, will be considered first under this section.
F. EX PARTE COMMUNICATIONS
G. PUBLIC HEARINGS
H. OLD BUSINESS
I. NEW BUSINESS
J. MEMBERS ITEMS AND REFERRALS TO STAFF
K. ADJOURNMENT
The next meeting of the Redondo Beach Community Financing Authority will be a regular meeting to be held at 6:00 p.m. on Tuesday, June 7, 2022, in the Redondo Beach City Hall Council Chambers, 415 Diamond Street, Redondo Beach, California.
It is the intention of the City of Redondo Beach to comply with the Americans with Disabilities Act (ADA) in all respects. If, as an attendee or a participant of this meeting you will need special assistance beyond what is normally provided, the City will attempt to accommodate you in every reasonable manner. Please contact the City Clerk’s Office at (310) 318-0656 at least forty-eight (48) hours prior to the meeting to inform us of your particular needs and to determine if accommodation is feasible. Please advise us at that time if you will need accommodations to attend or participate in meetings on a regular basis. An Agenda Packet is available 24 hours a day at www.redondo.org under the City Clerk and during City Hall hours. Agenda Packets are also available for review in the Office of the City Clerk.
Any writings or documents provided to a majority of the members of the Authority regarding any item on this agenda will be made available for public inspection at the City Clerk’s Counter at City Hall located at 415 Diamond Street during normal business hours
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF REDONDO BEACH )
AFFIDAVIT OF POSTING
In compliance with the Brown Act, the following materials have been posted at the locations indicated below.
Legislative Body Community Financing Authority
Posting Type Regular Meeting Agenda
Posting Locations 415 Diamond Street, Redondo Beach, CA 90277 ✓ Adjacent to Council Chambers
Meeting Date & Time May 3, 2022 6:00 p.m. Open Session
As City Clerk of the City of Redondo Beach, I declare, under penalty of perjury, the document noted above was posted at the date displayed below.
Eleanor Manzano, City Clerk
Redondo Beach Community Financing Authority
Date: April 29, 2022
MOTION TO READ BY TITLE ONLY
and waive further reading of all
Ordinances and Resolutions on the Agenda.
Recommendation - Approve
MINUTES – REGULAR MEETING COMMUNITY FINANCING AUTHORITY Tuesday, April 5, 2022
Regular Meeting
Community Financing Authority
Redondo Beach, California
April 5, 2022
CALL TO ORDER
Via Teleconference, a Regular Meeting of the Community Financing Authority was called to order by Vice-Chair Obagi at 6:15 p.m. in the City Hall Council Chamber, 415 Diamond Street.
ROLL CALL
Members Present: Nehrenheim, Loewenstein, Horvath, Emdee, Vice-Chair Obagi Members Absent: Chair Brand
Officials Present: Eleanor Manzano, City Clerk
Michael Webb, City Attorney
Mike Witzansky, City Manager
Vickie Kroneberger, Chief Deputy City Clerk
Diane Cleary, Minutes Clerk
A. APPROVAL OF ORDER OF AGENDA
Motion by Member Nehrenheim, seconded by Member Horvath, to approve the Order of Agenda as presented. There being no objections to the Order of Agenda, Vice-Chair Obagi so ordered.
B. ADDITIONAL ITEMS FOR IMMEDIATE CONSIDERATION – NONE
B1. BLUE FOLDER ITEMS – NONE
C. CONSENT CALENDAR
C1. APPROVE AFFIDAVIT OF POSTING for the Regular Community Financing Authority meeting of April 5, 2022.
C2. APPROVE MOTION TO READ BY TITLE ONLY and waive further reading of all Ordinances and Resolutions listed on the agenda.
C3. APPROVE THE FOLLOWING MINUTES:
a. Regular Meeting of March 1, 2022.
C4. APPROVAL OF CHECK NUMBER 000492 THROUGH 000493 IN THE TOTAL AMOUNT OF $19,518.45.
Vice-Chair Obagi called for public comment via eComment and Zoom. There being no comments, Vice-Chair Obagi closed the public comment period.
Motion by Member Horvath, seconded by Vice-Chair Obagi, to approve Items C1 through C4. Motion carried unanimously, with the following roll call vote:
AYES: Nehrenheim, Loewenstein, Horvath, Emdee, Vice-Chair Obagi NOES: None
ABSENT: Chair Brand
D. EXCLUDED CONSENT CALENDAR ITEMS - NONE
E. PUBLIC PARTICIPATION ON NON-AGENDA ITEMS
MINUTES – REGULAR MEETING COMMUNITY FINANCING AUTHORITY Tuesday, April 5, 2022
Vice-Chair Obagi called for public comment via eComment and Zoom. There being no comments, Vice-Chair Obagi closed the public comment period.
F. EX PARTE COMMUNICATIONS – NONE
G. PUBLIC HEARINGS – NONE
H. OLD BUSINESS – NONE
I. NEW BUSINESS – NONE
J. MEMBER ITEMS AND REFERRALS TO STAFF – NONE
K. ADJOURNMENT: 6:19 P.M.
Motion by Member Emdee, seconded by Member Horvath, to adjourn at 6:19 p.m. There being no objections, Vice-Chair Obagi so ordered.
The next meeting of the Redondo Beach Community Financing Authority will be a regular meeting to be held at 6:00 p.m. on Tuesday, May 3, 2022, in the Redondo Beach City Hall Council Chambers, 415 Diamond Street, Redondo Beach, California.
Respectfully submitted,
_______________________________
Eleanor Manzano, City Clerk
Authority Action Date: May 3, 2022
To: CHAIRMAN & MEMBERS OF THE COMMUNITY FINANCING
AUTHORITY
From: JENNIFER PAUL, FINANCE DIRECTOR
Subject: CHECK APPROVAL
RECOMMENDATION
Approve check numbers 000494 through 000495 in the total amount of $4,707.00.
EXECUTIVE SUMMARY
The attached Summary Check Register lists check numbers 000494 through 000495 in the total amount of $4,707.00. Check number 000494 is a reimbursement to the City for expenses paid by the City on behalf of the Community Financing Authority. Check 000495 is a payment to the Redondo Pier Association for quarterly dues associated with the Kincaid’s Restaurant building.
BACKGROUND
The Redondo Beach Public Financing Authority (“PFA”), a joint powers authority, was formed on June 25, 1996, to provide financing for capital improvement projects. The former Redevelopment Agency of the City Redondo Beach, now known as the Successor Agency (“Agency”), joined with the City to form the PFA. The PFA operated rental property and issued bonds to provide funds for public capital improvements. The PFA has the same governing board as the City, which also performs all accounting and administrative functions for the PFA. With the elimination of the City’s Redevelopment Agency, the Public Financing Authority has been renamed the Community Financing Authority (“CFA”).
In 1997, the City leased the Pier pad known as 500 Fisherman’s Wharf to the PFA. The PFA leased the site and acts as building owner and landlord to its tenant, RUI One Corp. (“RUI” dba Kincaid’s). In negotiating the lease, the City was to own the building, but did not have the funding available to build the building. RUI had the ability to build the restaurant building at a lower cost than the City, and the PFA was able to obtain a loan to purchase the building. Thus, RUI built the restaurant building and the PFA utilized loan funds to purchase the building from RUI at completion.
Per the lease agreement, the City is responsible for the cost of monthly service costs for water, sewer, and trash; possessory interest taxes; common area expenses as defined; Administrative Report
Administrative Report May 3, 2022
Check Approval
and the repairs to the structural portions of the Building. On a monthly basis, the City is reimbursed for such expenses by the CFA.
The payment to the City of Redondo Beach on check number 000494 in the amount of $3,895.67 is for the reimbursement of April 2022 expenditures made by the City on the Community Financing Authority’s behalf.
The payment to the Redondo Pier Association on check number 000495 in the amount of $811.33 is for the April through June 2022 dues in connection with the ownership of the Kincaid’s Restaurant building.
COORDINATION
Disbursement of the checks will be coordinated with Financial Services.
FISCAL IMPACT
Check numbers 000494 through 000495 in the total amount of $4,707.00.
Submitted by: Approved for forwarding by:
Jennifer Paul, Finance Director Mike Witzansky, City Manager dkaku
Attachment:
• Summary Check Register
DATE CHECK NO AMOUNT PAYEE DESCRIPTION
05/03/22 000494 $ 3,895.67 City of Redondo Beach Reimbursement - April 2022 05/03/22 000495 $ 811.33 Redondo Pier Association Dues - April - June 2022 $ 4,707.00
Summary Check Register
COMMUNITY FINANCING AUTHORITY