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2019-06-26 Special MeetingENCINITAS RANCH GOLF AUTHORITY 4W SPECIAL MEETING MINUTES w ENCINITAS CITY HALL — CARNATION ROOM ENCINITAS 505 S. VULCAN AVENUE, ENCINITAS, CA RANCH WEDNESDAY, JUNE 26, 2019 at 4:00 p.m. CALL TO ORDER/ROLL CALL Director Campbell called the special meeting to order at 4:00 P.M. Directors Present: Karen Brust (City Manager), Jennifer Campbell (Director of Parks and Recreation), Ed Wimmer (City Engineer) Absent: Chair Richard Houk, Vice -Chair Cindy Jacob Also Present: Erik Johnson and Kent Graff (JC Resorts); Kathy Hollywood (Board Secretary), Teresa McBroome (Director of Finance /City Treasurer), City of Encinitas; Dick Stern, Encinitas Ranch HOA; Chris Calkins, Carltas ORAL COMMUNICATION There were no oral communications. AGENDIZED BUSINESS ITEMS 1. Approval of the minutes of the May 28, 2019 Regular Meeting. Contact Person: Board Secretary Kathy Hollywood RECOMMENDED ACTION: Approve the minutes. BOARD ACTION: Wimmer moved, Campbell seconded to approve the minutes as presented. Motion carried. Ayes: Brust, Campbell, Wimmer. Nays: None. Absent: Houk and Jacob. Abstain: None. 2. Review of ERGA Financial Summary of Revenues, Expenditures, and Capital Reserves for May 2019. Contact Person: JC Resorts, Erik Johnson RECOMMENDED ACTION: Receive the report. Mr. Johnson reviewed the May 2019 financials and responded to questions. There was Board consensus to receive the report. 3. Calculation of Estimated Excess Golf Course Net Revenues for Fiscal Year 2018 -19. Contact Person: Director of Finance McBroome RECOMMENDED ACTION: That the Board of Directors approves payment of $209,369 towards the golf course's share of the Encinitas Ranch Community Facilities District (CFD) No.1 special assessments from excess golf course net revenues for the period of July 1, 2018 through June 30, 2019. Director of Finance McBroome presented the staff ,report which included a review of the Financial. Reserves Policy approved by the ERGA Board on September 25, 2012. BOARD ACTION: Campbell moved, Wimmer seconded to approve the replenishment of the Undesignated General Reserve - (Shortfall) in the amount of $110,211 and approve a payment of $209,369 towards the golf course's share of the Encinitas Ranch Community Facilities District (CFD) No.1 special assessments from excess golf course net revenues for the period of July 1, 2018 through June 30, 2019. Motion carried. Ayes: Brust, Campbell, Wimmer. Nays: None. Absent: Houk and Jacob. Abstain: None. 4. Report on incidents and accidents. Contact Person: JC Resorts, Erik Johnson ACTION: Receive the oral report. Mr. Johnson stated there were no incidents or accidents to report. REPORTS FROM DIRECTORS AND /OR MANAGER REPORTS Director Brust reported on the City's leaf blower ordinance and responded to questions. Board Secretary Hollywood reminded everyone that the July 23, 2010 ERGA Board meeting was canceled and,that the next regular ERGA Board meeting would be held on August 27, 2019. ADJOURNMENT Director Campbell adjourned the meeting at 4:29 p.m. ,-�" kl�% 0 j Kathy Hol ywoo Board Secretary