1995/11/14 Community Development Commission Minutes Community Development Commission
of
The City of Rohnert Park Minutes
November 14, 1995
The Members of the Community Development Commission of the City of
Rohnert Park met this date during the City Council meeting at approximately
8:36 p.m. in the City Offices, 6750 Commerce Boulevard, Rohnert Park, with
Chairman Eck presiding.
CALL TO ORDER: Chairman Eck called the Community Development Commission to order at
approximately 8:36 p.m.
ROLL CALL Present: (5) Commission Members Flores, Gallagher, Reilly, Spiro and
Chairman Eck
Absent: (0) None
Staff present for all or part of the meeting: Executive Director/City Manager
Netter, City Attorney Flitner, Assistant City Manager Leivo, and Director of
Public Works/City Engineer Brust_
•PPROVAL OF MINUTES: Upon motion by Commission Member Gallagher, seconded by
Commission Member Reilly, with abstention by Commission Member Spiro due
to absence from the meeting, minutes of October 24, 1995 were unanimously
approved as submitted.
•PPROVAL OF BILLS: Upon motion by Commission Member Reilly, seconded by Commission
Member Gallagher. the bills presented per the attached list in the amount of
$45,444.18 were unanimously approved.
• CKNOWLEDGING EXECUTIVE DIRECTOR/SECRETARY'S REPORT:
The Executive Director/Secretary's report on the posting of the agenda was
acknowledged.
NSCHEDULED PUBLIC APPEARANCES: Chairman Eck stated that in compliance with State Law
(The Brown Act), citizens wishing to make a comment may do so at this time.
995-96 BUDGET PRESENTATION: Executive Director Netter advised the public hearing scheduled
at the previous CDC meeting was continued to this one to allow additional time
for the Executive Director to review the budget more thoroughly with the Finance
Director. Mr. Netter reviewed details of the various budget reports provided to
the Commission and responded to questions.
Community Development Commission of the City of Rohnert Park Minutes ( 2 ) November 14, 1995
PUBLIC HEARING: Chairman Eck continued the public hearing at approximately 8:40 p.m. He
requested it be noted for the record that Linda Branscomb withdrew her previous
request to comment on the CDC budget. There being no one desiring to speak,
the Chairman closed the public hearing.
Resolution No.
95-18 A RESOLUTION OF THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROHNERT PARK APPROVING A BUDGET FOR FISCAL
YEAR 1995-96
Upon motion by Commission Member Spiro, seconded by Commission Member
Reilly, and unanimously approved, reading of Resolution No. 95-18 was waived
and said resolution was adopted.
MOBILE HOME PARK PURCHASE PROGRAM for RANCHO FELIZ:
1. Staff update — Executive Director Netter referenced extensive informational material provided to
the Commission for this item. Due to the necessity of a three day extension of
time, November 22, 1995 is now the expected date for the closing and transfer of
bond proceeds.
2. Bond limit change to $15 million -- Executive Director Netter explained the need for approving a
bond limit not to exceed $15 million which was originally set at over $14.8 million.
The additional amount is to cover the bond insurance, capital reserve and
operating reserves necessary for this issue.
Upon motion by Commission Member Flores, seconded by Commission Member
Reilly, to increase the bond limit not to exceed $15 million for the above-reviewed
item, was unanimously approved.
3. Pledge and Debt Coverage to 160% -- Executive Director Netter explained the need for Commission
approval of this item. In order to secure the insurance, FSA requires 160% debt
coverage. The debt ratio reduces as bonds are paid off. Staff recommends
approval of the additional debt coverage.
Upon motion by Commission Member Reilly, seconded by Commission Member
Spiro, the above-reviewed pledge and additional debt coverage to 160%, was
unanimously approved.
4. Acceptance of Grant Deed from Rancho Feliz -- Executive Director Netter explained the procedure
necessary for this item including preparation of a resolution for the Rohnert Park
Housing Finance Authority authorizing the City Manager to accept the grant deed
on behalf of the Authority. Mr. Netter recommended declaration of an emergency
item by the Community Development Commission approving this authorization.
Community Development Commission of the City of Rohnert Park Minutes ( 3 ) November 14, 1995
A motion was made by Commission Member Gallagher, seconded by Commission
Member Spiro, and unanimously approved, declaring an emergency item to enable
following necessary procedures for acceptance of a grant deed from Rancho Feliz.
Upon motion by Commission Member Flores, seconded by Commission Member
Reilly, authorizing the City Manager to accept a grant deed from Rancho Feliz on
behalf of the Rohnert Park Housing Finance Authority was unanimously approved.
5. Bond Signing Event -- Chairman Eck recommended a celebration event for bond signing of the
Rancho Feliz mobile home park purchase. Assistant City Manager Leivo advised
it had not been possible to correlate the schedules of all the attorneys and represen-
tatives involved in the bond signing for a specified date. Executive Director Netter
responded a separate celebration event would be scheduled after working out all
the necessary details.
ADJOURNMENT: There being no further business, Chairman Eck adjourned the meeting at
approximately 8-46 p.m.
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