AGENDA
REGULAR MEETING
REDONDO BEACH COMMUNITY FINANCING
AUTHORITY TUESDAY, NOVEMBER 4, 2025 - 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.
C2.
C3.
C4.
APPROVAL OF AFFIDAVIT OF POSTING for the Regular Community Financing Authority meeting of November 4, 2025.
APPROVAL OF MOTION TO READ BY TITLE ONLY and waive further reading of all Ordinances and Resolutions listed on the agenda.
APPROVAL OF MINUTES
a. Regular Meeting of October 7, 2025.
APPROVAL OF CHECK NUMBER 000569 AND 000570 IN THE TOTAL AMOUNT OF $12,531.40.
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, December 2, 2025, 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 City Clerk
415 Diamond Street
Redondo Beach CA 90277
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 November 4, 2025 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: October 30, 2025
Tel: 310.318.0656
Redondo.org
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, October 7, 2025
Minutes
Redondo Beach Community Financing Authority
Tuesday, October 7, 2025
Regular Meeting 6:00 p.m.
REGULAR MEETING OF THE REDONDO BEACH
COMMUNITY FINANCING AUTHORITY
CALL MEETING TO ORDER
Chair Light called a Regular Meeting of the Redondo Beach Community Financing Authority (RBCFA) to order at 6:35 p.m. in the City Hall Council Chamber, 415 Diamond Street, Redondo Beach, California.
ROLL CALL
RBCFA Members Present: Waller, Castle, Kaluderovic, Obagi, Behrendt, Chair Light
Officials Present: Eleanor Manzano, City Clerk
Mike Witzansky, City Manager
Joy Ford, City Attorney
Laura Diaz, Records Mgmt. Coordinator/Sr. Deputy City Clerk A. APPROVAL OF ORDER OF AGENDA
Motion by Member Kaluderovic, seconded by Member Castle, to approve the order of the agenda as presented.
Motion carried 5-0 by voice vote.
B. ADDITIONAL ITEMS FOR IMMEDIATE CONSIDERATION - None
B.1. BLUE FOLDER ITEMS – None
Chair Light asked City Manager Witzansky to give some explanation regarding the Community Financing Authority.
City Manager Witzansky stated it is a successor to what used to be known as the Redevelopment Agency; explained through the agency the City is able to take certain actions as it pertains to real estate; stated that evening’s focus was on the Kincaid’s leasehold in which there was an advance of funds to help construct the building and through the structure the City has paid back for those expenses in a lease leaseback structure; noted in order to approve the checks and payments associated with it the Council steps in and acts as an agency and the City is the beneficiary of the funds.
MINUTES
REGULAR MEETING
COMMUNITY FINANCING AUTHORITY
Tuesday, October 7, 2025
C. CONSENT CALENDAR
C1. APPROVAL OF AFFIDAVIT OF POSTING for the Regular Community Financing Authority meeting of October 7, 2025.
C.2. APPROVAL OF MOTION TO READ BY TITLE ONLY and waive further reading of all Ordinances and Resolutions listed on the agenda.
C.3. APPROVAL OF MINUTES
a. Regular Meeting of September 2, 2025.
C.4. APPROVAL OF CHECK NUMBER 000568 IN THE AMOUNT OF $1,220.17.
Motion by Member Obagi, seconded by Member Waller, to approve the Consent Calendar.
Mayor Light asked if anyone from the public wanted to address any items on the Consent Calendar.
City Clerk Manzano reported no eComments and no one on Zoom.
Motion carried 5-0 by voice vote.
D. EXCLUDED CONSENT CALENDAR ITEMS - None
E. PUBLIC PARTICIPATION ON NON-AGENDA ITEMS
Mayor Light asked if anyone from the public wanted to comment on Non-Agenda Items.
City Clerk Manzano reported no one online and no eComments.
F. EX PARTE COMMUNICATIONS - None
G. PUBLIC HEARINGS - None
H. OLD BUSINESS - None
I. NEW BUSINESS - None
J. MEMBERS ITEMS AND REFERRALS TO STAFF - None
K. ADJOURNMENT – 6:38 P.M.
There being no further business to come before the Redondo Beach Community Financing Authority, Member Kaluderovic motioned, seconded by Member Obagi, to adjourn the meeting at 6:38 p.m.
Motion carried 5-0 by voice vote.
MINUTES
REGULAR MEETING
COMMUNITY FINANCING AUTHORITY
Tuesday, October 7, 2025
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, November 4, 2025, in the Redondo Beach City Hall Council Chambers, 415 Diamond Street, Redondo Beach, California.
All written comments submitted via eComment are included in the record and available for public review on the City website.
Respectfully submitted,
Eleanor Manzano, CMC
City Clerk
Authority Action Date: November 4, 2025
To: CHAIRMAN & MEMBERS OF THE COMMUNITY FINANCING
AUTHORITY
From: STEPHANIE MEYER, FINANCE DIRECTOR
Subject: CHECK APPROVAL
RECOMMENDATION
Approve check numbers 000569-000570 in the total amount of $12,531.40.
EXECUTIVE SUMMARY
The attached Summary Check Register lists check 000569 in the amount of $1,275.21 and 000570 in the amount of $11,256.19 for a total amount of $12,531.40 to reimburse the City for expenses paid by the City on behalf of the Community Financing Authority.
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; and the repairs to the structural portions of the Building. On a monthly basis, the City is reimbursed for such expenses by the CFA.
Administrative Report
Administrative Report September 2, 2025
Check Approval
The payment to the City of Redondo Beach on check number 000569 in the amount of $1,275.21 is for the reimbursement of the October 2025 water utility bill, and check number 000570 in the amount of $11,256.19 is for the first installment of FY 2025-26 property taxes for the Kincaid’s property.
COORDINATION
Disbursement of the checks will be coordinated with Financial Services.
FISCAL IMPACT
Check number 000569 to 000570 total $12,531.40.
Submitted by: Approved for forwarding by:
Stephanie Meyer, Finance Director Mike Witzansky, City Manager Attachment:
• Summary Check Register
DATE CHECK NO AMOUNT PAYEE DESCRIPTION
11/04/25 000569 1,275.21 $ City of Redondo Beach Reimbursement (Water Utility)-September 2025 11/04/25 000570 11,256.19 $ Los Angeles County Tax Collector FY 25-26 1st Installment $ 12,531.40
COMMUNITY FINANCING AUTHORITY
Summary Check Register