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Home My WebLink About01 OB REGULAR MINUTES 08-28-12 & SPECIAL MINUTES 10-01-12Agenda Item 1 MINUTES OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY COUNCIL CHAMBER 300 CENTENNIAL WAY TUSTIN, CALIFORNIA REGULAR MEETING AUGUST 28, 2012 4:00 P.M. CALL TO ORDER at 4:00 p.m. ROLL CALL Present: Chair Doug Davert, Vice Chair Debra Fitzsimons, Secretary Jerry Amante and Board Members John Nielsen, Chuck Puckett, Anthony Soria and Matt West Absent: None Successor Agency Clerk: Patricia Estrella Others Present: David E. Kendig, Legal Counsel to the Successor Agency PLEDGE OF ALLEGIANCE — Vice Chair Debra Fitzsimons PUBLIC INPUT — None CONSENT CALENDAR ITEMS 1 -4 It was moved by Board Member Puckett and seconded by Secretary Amante to approve the consent calendar items on the agenda as recommended by staff. Motion carried 7 -0 1. APPROVAL OF MINUTES — REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER TUSTIN COMMUNITY REDEVELOPMENT AGENCY HELD ON JULY 10, 2012 Recommendation /Proposed Action That the Board approve the Minutes of the Regular Meeting of the Oversight Board of the Successor Agency to the Former Tustin Community Redevelopment Agency held on July 10, 2012. Tustin Community Redevelopment Agency Regular Meeting Minutes — August 28, 2012 2. HOUSING ASSETS LIST Recommendation /Proposed Action Receive and file. 3. ADOPT OVERSIGHT BOARD RESOLUTION NO. 12 -08 AUTHORIZING THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY TO ENTER INTO AN AGREEMENT FOR PROFESSIONAL ACCOUNTING SERVICES FOR DUE DILIGENCE REVIEW Recommendation /Proposed Action It is recommended that the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution No. 12 -08 authorizing the Successor Agency to the Tustin Community Redevelopment Agency to enter into an agreement for professional accounting services for the due diligence review with White Nelson Diehl Evans LLP, Certified Public Accountants & Consultants. 4. ADOPT OVERSIGHT BOARD RESOLUTION NO. 12 -09 APPROVING THE OVERSIGHT BOARD MEETING CALENDAR FOR OCTOBER 2012 THROUGH JUNE 2013 Recommendation /Proposed Action Adopt Oversight Board Resolution No. 12 -09 approving the proposed Meeting Calendar for October 1, 2012 through June 30, 2013, with notice to be provided to the Oversight Board by staff of the Successor Agency to the Tustin Community Redevelopment Agency ( "Successor Agency ") when an individual Board meeting is not required. REGULAR BUSINESS ITEMS 5 -6 5. ADOPT OVERSIGHT BOARD RESOLUTION NO. 12 -06 APPROVING THE THIRD RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JANUARY 2013 THROUGH JUNE 2013 Motion: It was moved by Secretary Amante and seconded by Board Member Nielsen that Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution No. 12 -06 approving the Third Recognized Obligation Payment Schedule ( "Third ROPS ") for the period of January through June 2013, subject to the following conditions: a) The Oversight Board and Successor Agency reserve all rights to seek Oversight Board of the Successor Agency to the Page 2 Tustin Community Redevelopment Agency Regular Meeting Minutes — August 28, 2012 payment for any obligations removed by the Department of Finance ( "DoF ") from the ROPS; and b) Should any subsequent modifications be required to the Third ROPS, the City Manager and /or Finance Director, or their authorized designee, shall be authorized to make any augmentation, modification, additions or revisions as may be necessary subject to certification by the Oversight Board Chair. Motion carried 7 -0 6. ADOPT OVERSIGHT BOARD RESOLUTION NO. 12 -07 APPROVING THE AMENDED ADMINISTRATIVE BUDGET AND THIRD AMENDED AGREEMENT BETWEEN THE CITY AND SUCCESSOR AGENCY FOR ADMINISTRATIVE SUPPORT AND A MATCHING CONTRIBUTION TO THE PHASE 1 AND PHASE 2 TUSTIN RANCH ROAD PROJECT Motion: It was moved by Board Member Nielsen and seconded by Board Member Puckett that the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution No. 12 -07 approving the Amended Administrative Budget and Third Amended Agreement between the City and the Successor Agency for Administrative Support and a matching contribution to the Phase 1 and Phase 2 Tustin Ranch Road Project for the period of January 1, 2013 through June 30, 2013, subject to the following condition: a. Should any subsequent modifications be required, the City Manager and /or Finance Director, or their authorized designee, shall be authorized to make any augmentation, modification, additions or revisions as may be necessary subject to certification by the Oversight Board Chair. Motion carried 7 -0 ADJOURNED at 4:15 p.m. The next regular meeting of the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency is scheduled for September 11, 2012 at 4:00 p.m. in the Council Chamber at 300 Centennial Way, Tustin, California. DOUG DAVERT, Chair JERRY AMANTE, Secretary Oversight Board of the Successor Agency to the Page 3 Tustin Community Redevelopment Agency Regular Meeting Minutes — August 28, 2012 Agenda Item 1 MINUTES OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY COUNCIL CHAMBER 300 CENTENNIAL WAY TUSTIN, CALIFORNIA SPECIAL MEETING OCTOBER 1, 2012 4:00 P.M. CALL TO ORDER at 4:00 p.m 3iASsiff 11111 Present: Chair Doug Davert and Board Members John Nielsen, Chuck Puckett, Anthony Soria and Matt West Absent: Vice Chair Debra Fitzsimons and Secretary Jerry Amante Successor Agency Clerk: Patricia Estrella Others Present: David E. Kendig, Legal Counsel to the Successor Agency PLEDGE OF ALLEGIANCE — Board Member Anthony Soria PUBLIC INPUT - None REGULAR BUSINESS ITEM 1 1. RECEIVE DUE DILIGENCE REVIEW OF LOW AND MODERATE INCOME HOUSING FUND AND CONVENE PUBLIC COMMENT SESSION In accordance with California Health and Safety Code (HSC) Section 34179.6, it is recommended the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency take the following actions: Motion: It was moved by Board Member Puckett and seconded by Board Member Nielsen to: 1. Receive the Due Diligence Review of the Low and Moderate Income Housing Fund from White Nielson Diehl Evans LLP, the Successor Agency's certified accountant. Motion carried 5 -0 Oversight Board of the Successor Agency to the Page 1 Tustin Community Redevelopment Agency Special Meeting Minutes — October 1, 2012 A public comment session to consider public comments pertaining to the Due Diligence Review of the Low and Moderate Income Housing Funds convened at 4:03 p.m. with no comments; the comment period will remain open until the next regular meeting of the Oversight Board on October 9. Public comments may be submitted to the Clerk's office. ADJOURNED at 4:04 p.m. The next regular meeting of the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency is scheduled for October 9, 2012 at 4:00 p.m. in the Council Chamber at 300 Centennial Way, Tustin, California. DOUG DAVERT, Chair JERRY AMANTE, Secretary Oversight Board of the Successor Agency to the Page 2 Tustin Community Redevelopment Agency Special Meeting Minutes — October 1, 2012