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HomeMy WebLinkAbout00 OB AGENDA 6.24.14 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY COUNCIL CHAMBER 300 CENTENNIAL WAY TUSTIN, CALIFORNIA JUNE 24, 2014 4:00 P.M. CALL TO ORDER ROLL CALL Chair Doug Davert Vice Chair Debra Fitzsimons Secretary Chuck Puckett Board Member Allan Bernstein Board Member John Nielsen Board Member Anthony Soria Board Member Matt West PLEDGE OF ALLEGIANCE – Board Member West PUBLIC INPUT (Limited to 3 minutes per person on items not on the Agenda) At this time members of the public may address the Oversight Board on any subject matter pertaining to former Tustin Community Redevelopment Agency business and within the subject matter jurisdiction of the Oversight Board (no action can be taken on off-agenda items unless authorized by law). Please fill out one of the forms located at the speaker’s table so that your remarks within the recording of the meeting can be attributed to you. REGULAR BUSINESS ITEMS 1-7 1. APPROVAL OF MINUTES – SPECIAL MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER TUSTIN COMMUNITY REDEVELOPMENT AGENCY HELD ON APRIL 29, 2014 Recommendation / Proposed Action That the Board approve the Minutes of the Special Meeting of the Oversight ADA Assistance If you need special assistance to participate in this Oversight Board meeting, contact the City Clerk’s Office at (714) 573- 3026. Please call at least 72 hours prior to the meeting to allow the City to make reasonable arrangements to ensure accessibility to this meeting. (28 CFR 35.102.104 American Disabilities Act Title II) Board of the Successor Agency to the Tustin Community Redevelopment Agency held on April 29, 2014. 2. ADOPT OVERSIGHT BOARD RESOLUTION NO. 14-11, RECONSIDERING, AFFIRMING AND RATIFYING THE AMENDED AND REINSTATED AFFORDABLE HOUSING REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RECOMMENDATION / PROPOSED ACTION It is recommended the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution 14-11, reconsidering, affirming and ratifying the amended and reinstated Affordable Housing Reimbursement Agreement between the City of Tustin and the Successor Agency to the Tustin Community Redevelopment Agency, 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. (Note: This Resolution shall be effective after transmittal of this Resolution to the Department of Finance (“DoF”) and the expiration of five (5) business days pending a request for review by DoF within the time periods set forth in the Dissolution Law. In this regard, if DoF requests review hereof, it will have 40 days from the date of its request to approve this Oversight Board action or return it to the Oversight Board for reconsideration and the action, if subject to review by DoF, will not be effective until approved by DoF.) OVERSIGHT BOARD RESOLUTION NO. 14-11 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RECONSIDERING, AFFIRMING AND RATIFYING THE AMENDED AND REINSTATED AFFORDABLE HOUSING REIMBURSEMENT AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY 3. ADOPT OVERSIGHT BOARD RESOLUTION NO. 14-12, RECONSIDERING, AFFIRMING AND RATIFYING THE AMENDED AND REINSTATED PUBLIC WORKS AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RECOMMENDATION / PROPOSED ACTION It is recommended the Oversight Board of the Successor Agency to the Tustin Oversight Board of the Successor Agency to the Page 2 Tustin Community Redevelopment Agency Regular Meeting Agenda – June 24, 2014 Community Redevelopment Agency adopt Oversight Board Resolution No. 14-12, reconsidering, affirming and ratifying the amended and reinstated Public Works Agreement between the City of Tustin and the Successor Agency to the Tustin Community Redevelopment Agency (“Successor Agency”), 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. (Note: This Resolution shall be effective after transmittal of this Resolution to the Department of Finance (“DoF”) and the expiration of five (5) business days pending a request for review by DoF within the time periods set forth in the Dissolution Law. In this regard, if DoF requests review hereof, it will have 40 days from the date of its request to approve this Oversight Board action or return it to the Oversight Board for reconsideration and the action, if subject to review by DoF, will not be effective until approved by DoF.) OVERSIGHT BOARD RESOLUTION NO. 14-12 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RECONSIDERING, AFFIRMING AND RATIFYING THE AMENDED AND REINSTATED PUBLIC WORKS AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY 4. ADOPT OVERSIGHT BOARD RESOLUTION NO. 14-13, RECONSIDERING AND APPROVING THE AMENDED TOWN CENTER HOUSING DEFICIT REDUCTION PLAN REPAYMENT SCHEDULE RECOMMENDATION / PROPOSED ACTION In accordance with California Health and Safety Code Section 34171(d)(G), it is recommended the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution No. 14-13, reconsidering the repayment schedule for the former Town Center Redevelopment Project Area’s Housing Deficit Reduction Plan, 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. (Note: This Resolution shall be effective after transmittal of this Resolution to the Department of Finance (“DoF”) and the expiration of five (5) business days pending a request for review by DoF within the time periods set forth in the Oversight Board of the Successor Agency to the Page 3 Tustin Community Redevelopment Agency Regular Meeting Agenda – June 24, 2014 Dissolution Law. In this regard, if DoF requests review hereof, it will have 40 days from the date of its request to approve this Oversight Board action or return it to the Oversight Board for reconsideration and the action, if subject to review by DoF, will not be effective until approved by DoF.) OVERSIGHT BOARD RESOLUTION NO. 14-13 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RECONSIDERING AND APPROVING THE AMENDED TOWN CENTER HOUSING DEFICIT REDUCTION PLAN REPAYMENT SCHEDULE 5. ADOPT OVERSIGHT BOARD RESOLUTION NO. 14-14, APPROVING THE BOND PROCEEDS EXPENDITURE AGREEMENT BETWEEN THE CITY AND SUCCESSOR AGENCY RECOMMENDATION / PROPOSED ACTION In accordance with the Dissolution Act, in particular California Health and Safety Code Section 34191.4(c) and 34180(h), it is recommended the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution No. 14-14, approving the Bond Proceeds Expenditure Agreement between the City and Successor Agency, 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. (Note: This Resolution shall be effective after transmittal of this Resolution to the Department of Finance (“DoF”) and the expiration of five (5) business days pending a request for review by DoF within the time periods set forth in the Dissolution Law. In this regard, if DoF requests review hereof, it will have 40 days from the date of its request to approve this Oversight Board action or return it to the Oversight Board for reconsideration and the action, if subject to review by DoF, will not be effective until approved by DoF.) OVERSIGHT BOARD RESOLUTION NO. 14-14 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY APPROVING THE BOND PROCEEDS EXPENDITURE AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY 6. ADOPT OVERSIGHT BOARD RESOLUTION NO. 14-15 APPROVING THE OVERSIGHT BOARD MEETING CALENDAR FOR JULY 2014 THROUGH JUNE 2015 Oversight Board of the Successor Agency to the Page 4 Tustin Community Redevelopment Agency Regular Meeting Agenda – June 24, 2014 Adopt Oversight Board Resolution No. 14-15 approving the proposed Meeting Calendar for July 1, 2014 through June 30, 2015, 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 additional Board meeting is required. (Note: This Resolution shall be effective after transmittal of this Resolution to the Department of Finance (“DoF”) and the expiration of five (5) business days pending a request for review by DoF within the time periods set forth in the Dissolution Law. In this regard, if DoF requests review hereof, it will have 40 days from the date of its request to approve this Oversight Board action or return it to the Oversight Board for reconsideration and the action, if subject to review by DoF, will not be effective until approved by DoF.) OVERSIGHT BOARD RESOLUTION NO. 14-15 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY APPROVING THE MEETING CALENDAR FOR THE PERIOD OF JULY 2014 THROUGH JUNE 2015 7. ADOPT OVERSIGHT BOARD RESOLUTION NO. 14-16, APPROVING THAT THERE WILL BE NO SEPARATE AUDIT FOR THE SUCCESSOR AGENCY Adopt Oversight Board Resolution No. 14-16 approving that the audit for the Successor Agency will be through the City of Tustin’s annual audit and not requiring a separate audit for the Successor Agency. (Note: This Resolution shall be effective after transmittal of this Resolution to the Department of Finance (“DoF”) and the expiration of five (5) business days pending a request for review by DoF within the time periods set forth in the Dissolution Law. In this regard, if DoF requests review hereof, it will have 40 days from the date of its request to approve this Oversight Board action or return it to the Oversight Board for reconsideration and the action, if subject to review by DoF, will not be effective until approved by DoF.) OVERSIGHT BOARD RESOLUTION NO. 14-16 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY APPROVING THAT THE AUDIT FOR FISCAL YEAR ENDING JUNE 30, 2014 WILL BE THROUGH THE CITY OF TUSTIN’S ANNUAL AUDIT AND NOT REQUIRE A SEPARATE AUDIT FOR THE SUCCESSOR AGENCY Oversight Board of the Successor Agency to the Page 5 Tustin Community Redevelopment Agency Regular Meeting Agenda – June 24, 2014 ADJOURNMENT: The next regular meeting of the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency is scheduled for September 23, 2014 at 4:00 p.m. in the Council Chamber at 300 Centennial Way, Tustin, California. Copies of the staff reports or other written documentation related to each item of business described above are on file in the office of the Clerk of the Successor Agency to the Tustin Community Redevelopment Agency, 300 Centennial Way, Tustin, CA 92780 and are available for public inspection during regular business office hours. Copies of staff reports and written materials may be purchased for $.10 per page. In addition, staff reports can be reviewed online at www.tustinca.org. Oversight Board of the Successor Agency to the Page 6 Tustin Community Redevelopment Agency Regular Meeting Agenda – June 24, 2014