2012-01-11 Reg Council Mtg Minutes

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Mayor Zamora invited community members to sign a letter to local legislators that she would coordinate. City Attorney Derleth and City Manager Foster will meet to discuss the possibility of placing this item in a future agenda if necessary. City Attorney Derleth introduced the second item and gave a brief summary of the necessary action needed for this item. Agency Counsel Delmar Williams then explained the financial obligations of the City in regards to housing assets and functions as stated in the staff report. 2. Successor to Housing Assets and Functions - Approve and Adopt a Resolution Electing the Public Entity (either the City, the Colton Housing Authority or the Housing Authority of the County of San Bernardino) to Assume the Housing Assets and Functions previously Performed by Redevelopment Agency for the City of Colton Pursuant to Part 1.85 of Division 24 of the California Health and Safety Code, RESOLUTION NO. R-02-12. AGENCY ACTION 1. Amended Enforceable Obligation Payment Schedule - Approve and Adopt an Amended Enforceable Obligation Payment Schedule Pursuant to Parts 1.8 and 1.85 of Division 24 of the California Health and Safety Code, RESOLUTION NO. 897. City Manager Foster gave brief comments on future goals regarding downtown revitalization and the impact of moving our housing projects forward without redevelopment. City Attorney Derleth gave a brief overview of Item No. 2 and Agency Action Item No. 1, and explained the options presented in the staff report regarding the housing assets and functions. Management Services Director Bonnie Johnson gave a summary of the status of the combined equity of the low -mod operation for the Redevelopment Agency, reflecting a deficit balance of $590,455. She stated that as of June 30, 2011, our most recent audit reflected two different types of low -mod operations and she explained the status of our current debt and other obligations for low -mod access funds. This information is available on our website and will be a component of the CAFR scheduled to be presented to Council in February. Mayor Zamora asked Council Members for any comments or questions regarding this matter. Motion and second by CM Yzaguirre/Gonzales, to continue Council Item No. 2 and Agency Item No. 1, and to make a decision on Item No. 2 before the February 1, 2012 deadline. Unanimous vote. ADJOURNMENT At 7:30 p.m., Mayor Zamora declared the Special Meeting adjourned in honor of the late Senator Ruben Ayala. Eileen C. Gomez, CMC City Clerk 2012 JAN 11 SPC CC/RDA/ CUA/CPFA/CHA MEETING -4-