1 January 13, 2026
(NOT APPROVED)
CITY OF SANTA MONICA
REDEVELOPMENT SUCESSOR AGENCY MEETING MINUTES
JANUARY 13, 2026
A special meeting of the Santa Monica Redevelopment Successor Agency was called to order by Chair Torosis at 7:09 p.m., on Tuesday, January 13, 2026, at City Council Chambers, 1685 Main Street, Santa Monica, CA.
Roll Call: Present: Chair Caroline Torosis
Chair Pro Tem Jesse Zwick
Agency Member Dan Hall
Agency Member Ellis Raskin
Agency Member Barry Snell
Agency Member Natalya Zernitskaya
Absent: Agency Member Lana Negrete
Also Present: Executive Director Oliver Chi
Interim Agency Attorney Heidi von Tongeln
Assistant Agency Secretary Maria Dacanay-Wisner
CONVENE On order of the Chair, the Redevelopment Successor Agency convened to a joint meeting with the City Council at 7:09 p.m., with all members present except Agency Member Negrete.
REPORT ON MEETING
COMPENSATION
Pursuant to State law, the secretary announced that the members will receive no compensation for meeting as the Redevelopment Successor Agency.
STAFF
ADMINISTRATIVE
ITEMS:
TAX ALLOCATION
REFUNDING BONDS
11.A. Adoption of Resolution No. 49 (SA) Authorizing Issuance of Tax Allocation Refunding Bonds, Series 2026 (refinancing of the 2006 T ABs and the 2011 TABs), was presented.
Recommended Action
Staff recommends that the Successor Agency:
1. Adopt Resolution No. 49 (SA) Authorizing Issuance of Tax Allocation Refunding Bonds and approving the related documents and other actions in connection with the issuance of Tax Allocation
2. Refunding Bonds (Attachments A, B, C, D and E).
2 January 13, 2026
3. Adopt a finding of no possibility of significant effect pursuant to Section 15061 (b )(3) (Common Sense Exemption) of the California Environmental Quality Act (CEQA) Guidelines.
Questions asked and answered of staff included the expected interest rate with the new issuance and if the City could reissue new bonds and refund if interest rates decrease.
Motion by Agency Member Raskin, seconded by Agency Member Hall, to approve items 11.A. and 11.B. The motion was approved by the following vote:
AYES: Agency Members Hall, Raskin, Snell, Zernitskaya, Chair Pro Tem Zwick, Chair Torosis
NOES: None
ABSENT: Agency Member Negrete
MINUTES 11.B. Approval of Minutes for Redevelopment Successor Agency Meeting, were approved with item 11.A.
Recommended Action
Staff recommends that the Redevelopment Successor Agency approve the minutes of the December 16, 2025 meeting
ADJOURNMENT On order of the Chair, the Redevelopment Successor Agency meeting was adjourned at 7:15 p.m.
ATTEST: APPROVED:
Maria Dacanay-Wisner Caroline Torosis
Assistant Agency Secretary Chair