HomeMy WebLinkAbout01 OB MINUTES 01-08-13Agenda 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
JANUARY 8, 2013
4.00 P.M.
CALL TO ORDER at 4.06 p m.
ROLL CALL
Present: Chair Doug Davert, Secretary Puckett and Board Members
Allan Bernstein, John Nielsen, Anthony Soria and Matt
West
Absent: Vice Chair Fitzsimons
Successor Agency Clerk: Jeffrey C Parker
Others Present: David E. Kendig Legal Counsel to the Successor Agency
PLEDGE OF ALLEGIANCE — Chair Davert
PUBLIC INPUT — None
REGULAR BUSINESS ITEMS 1 -2
1 APPROVAL OF MINUTES — REGULAR MEETING OF THE OVERSIGHT
BOARD OF THE SUCCESSOR AGENCY TO THE FORMER TUSTIN
COMMUNITY REDEVELOPMENT AGENCY HELD ON DECEMBER 11
2012
Motion. It was moved by Secretary Puckett and seconded by Board Member
Bernstein that the Oversight Board.
Approve the Minutes of the Regular Meeting of the Oversight Board of the
Successor Agency to the Tustin Community Redevelopment Agency held on
Oversight Board of the Successor Agency to the
Tustin Community Redevelopment Agency
Regular Meeting Minutes — January 8, 2013
Page 1
December 11 2012.
Motion carried: 5 -0 -1 (Board Member Nielsen abstained)
APPROVE THE DUE DILIGENCE REVIEW OF THE NON - HOUSING FUNDS
AND TRANSMIT THE DETERMINATION OF THE AMOUNT OF AVAILABLE
CASH FOR DISBURSEMENT TO THE DEPARTMENT OF FINANCE AND
COUNTY OF ORANGE AUDITOR - CONTROLLER
The public comment session was closed at 4 11 p.m.
Motion It was moved by Secretary Puckett and seconded by Board Member
Bernstein to
1 Review the Due Diligence Review of the Non - Housing Funds from White
Nelson Diehl Evans LLP the Successor Agency's certified public
accounting firm, including comments from the public and County of Orange
Auditor - Controller and
Motion carried 6 -0
Motion It was moved by Board Member Bernstein and seconded by Board
Member Nielsen to
2. Adopt Oversight Board Resolution No 13 -01 approving the transmittal to
the Department of Finance and County of Orange Auditor - Controller of the
Due Diligence Review's determination of available cash and cash
equivalents for disbursement to taxing entities.
Motion carried 6 -0
Motion It was moved by Board Member Nielsen seconded Secretary Puckett
to
3 Modify Schedule 7 Footnote (B) second sentence to read Balance is not
due until December 1 2013 unless amended or restated by the `Parties
to the Note
Motion carried 6 -0
OVERSIGHT BOARD RESOLUTION NO 13 -01
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY
APPROVING WHITE NELSON DIEHL EVANS LLPS DUE DILIGENCE
REVIEW FINDINGS OF THE NON - HOUSING FUNDS AND
AUTHORIZING THE SUCCESSOR AGENCY TO TRANSMIT THE
Oversight Board of the Successor Agency to the
Tustin Community Redevelopment Agency
Regular Meeting Minutes — January 8, 2013
Page 2
FINDINGS
Secretary Puckett adjourned the meeting in honor of his son s 44th birthday
and Elvis Presley who would be 78 today
ADJOURNED at 4 16 p.m. The next regular meeting of the Oversight Board of the
Successor Agency to the Tustin Community Redevelopment Agency is scheduled for
January 22, 2013 at 4.00 p.m. in the Council Chamber at 300 Centennial Way Tustin
California.
Oversight Board of the Successor Agency to the
Tustin Community Redevelopment Agency
Regular Meeting Minutes — January 8, 2013
Page 3