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Home My WebLink AboutSA 00-AGENDA 2-21-12CITY OF TUSTIN FEBRUARY 21, 2012 SPECIAL MEETING OF THE ~ COUNCIL CHAMBER SUCCESSOR AGENCY TO THE ` ~~ ~ ~ 300 CENTENNIAL WAY, TUSTIN TUSTIN COMMUNITY '» i. -~:~} REDEVELOPMENT AGENCY £i' `:~_' ~~ . ~ ~ ~ f ' ~ AI Murray, Mayor Pro Tem ~ =~ Jeffrey C. Parker, City Manager Jerry Amante, Councilmember David E. Kendig, City Attorney Deborah Gavello, Councilmember John Nielsen, Mayor Pamela Stoker, City Clerk Rebecca "Beckie" Gomez, Councilmember George Jeffries, City Treasurer SPECIAL MEETING 7:00 P.M. (The Special Meeting will convene immediately following the adjournment of the Regular Meeting of the City Council) CALL TO ORDER -Meeting #1 ATTENDANCE PUBLIC INPUT CONSENT CALENDAR ITEMS (Agenda Items 1-4) APPROVAL OF MINUTES -REGULAR MEETING OF JOINT CITY COUNCIL, REDEVELOPMENT AGENCY AND TUSTIN HOUSING AUTHORITY HELD ON JANUARY 17, 2Q12 Recommendation: That the Successor Agency to the Tustin Community Redevelopment Agency approve the Action Minutes of the Regular Meeting of the Joint City Council, Redevelopment and Tustin Housing Authority held on January 17, 2012. 2. SUCCESSOR AGENCY APPROVAL OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) AND THIRD AMENDED ENFORCEABLE OBLIGATION SGHEDULE Cerkain actions given the recent California Supreme Court decision upholding NOTE: As required by Senate Bill 343, any non-conhdentia/ writings or documents provided to a majority of fhe Successor Agency to the Tustin Community Redevelopment Agency members regarding any item on this agenda will be made available for public inspection in the City Clerk's office located at 300 Centennial Way, Tustin, CA during normal business hours. AB1 X 26, require certain additional actions of the City of Tustin, acting as the Successor Agency to the Tustin Community Redevelopment Agency ("Agency"). Recommendation: That the City Council acting as the Successor Agency to the former Agency: 1. Adopt Resolution No. 12-01 approving the Recognized Obligation Payment Schedule ("ROPS") and certain other actions pursuant to Part 1.85 of the Dissolution Act. 2. Adopt Resolution No. 12-02 approving a Third Amended Enforceable Obligation Payment Schedule ("Third Amended EOPS") and certain other actions pursuant to Part 1.85 of the Dissolution Act. SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO. 12-01 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA ACTING AS THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION SCHEDULE AND AUTHORIZING CERTAIN OTHER ACTIONS PURSUANT TO SECTION 34177 OF PART 1.85 OF THE DISSOLUTION ACT SUCGESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO. 12-02 A RESOLUTION OF THE CITY OF TUSTIN, ACTING AS THE SUCCESSOR AGENCY OF THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY ADOPTING AN AMENDED ENFORCEABLE OBLIGATION SCHEDULE, AND MAKING CERTAIN FINDINGS IN CONNECTION THEREWITH 3. REGULAR MEETING DATES OF THE CITY COUNCIL AND THE CITY COUNCIL ACTING AS SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY Recent changes in California law caused the Tustin Community Redevelopment Agency (TCRA) to be dissolved, and its "Successor Agency" is now vested with the authority, rights, powers, duties, and obligations previously vested in the TCRA. The governing body of the Successor Agency is made up of the members of the City Council, acting in their capacity of the Successor Agency's governing body. Under the Brown Act, each local agency adopts a resolution stating the time and place far holding regular meetings of its legislative body. A resolution has been adopted for the City Council meetings, but not for the meetings of the Successor Agency. To ensure maximum scheduling flexibility in addressing all matters that the members of the City Council and the Successor Agency may be required to act upon, it is recommended that the City Council and the City Council acting as Successor Agency to the TCRA adopt the same schedule of regular meetings. Successor Agency to the Tustin Community Redevelopment Agency February 21, 2012 Special Meeting Agenda Page 2 of 3 Recommendation: Adopt the proposed "RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ACTING AS SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY ESTABLISHING CITY COUNCIL REGULAR MEETING DATES AS THE REGULAR MEETING DATES OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY." SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RESOLUTION NO. 12-03 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ACTING AS THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY, ESTABLISHING THE CITY COUNCIL REGULAR MEETING DATES TO BE THE REGULAR MEETING DATES OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY 4. SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY APPROVAL OF BANK ACCOUNT WITH THE BANK OF AMERICA As of February 1, 2Q12, the City of Tustin became the Successor Agency to the Tustin Community Redevelopment Agency (Successor Agency). The Successor Agency is responsible for all financial issues of the former Tustin Community Redevelopment Agency (TCRA); therefore, a bank account must be established to hold funds transferred from TCRA to the Successor Agency. Recommendation: That the City Council approve the following: • The establishment of a bank account with Bank America; • Approve the Bank of America Deposit Account Documentation authorizing the City Treasurer, George Jeffries, the Finance Director, Pamela Arends- King, and the City Manager, Jeffrey C. Parker as the individuals who can establish accounts far the Successor Agency at Bank of America, as well as to operate and close such accounts, and to designate persons to operate each such account, including closing the account; • Approve the Bank of America Merrill Lynch Deposit Account Documentation Signature Card approving the Director of Finance, Pamela Arends-King; the City Treasurer, George Jeffries; and the City Manager, Jeffrey C. Parker as authorized signers on the Successor Agency bank account. ADJOURNMENT Successor Agency to the Tustin Community Redevelopment Agency February 21, 2012 Special Meeting Agenda Page 3 of 3