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HomeMy WebLinkAbout01 MINUTES SPECIAL MTG 5.28.15Agenda Item 1 MINUTES OF THE SPECIAL MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY COUNCIL CHAMBER 300 CENTENNIAL WAY TUSTIN, CALIFORNIA MAY 28, 2015 3:00 P.M. CALL TO ORDER at 3:02 p.m. ROLL CALL Present: Chair Doug Davert, Board Members John Nielsen, Anthony Soria and Matt West Absent: Vice Chair Dr. Debra Fitzsimons, Secretary Chuck Puckett and Board Member Dr. Allan Bernstein Successor Agency Clerk: Melissa Johnson, Management Assistant Others Present: David E. Kendig, Legal Counsel to the Successor Agency and Jerry Craig, Economic Development and Housing Manager PLEDGE OF ALLEGIANCE — Board Member West PUBLIC INPUT — None REGULAR BUSINESS ITEMS 1-2 APPROVAL OF MINUTES — REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER TUSTIN COMMUNITY REDEVELOPMENT AGENCY HELD ON FEBRUARY 24, 2015. Recommendation / Proposed Action It was moved by Board Member Soria and seconded by Board Member Nielsen that the Board approve the Minutes of the Regular Meeting of the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency held on February 24, 2015. Motion carried: 4-0 2. ADOPT OVERSIGHT BOARD RESOLUTION NO. 15-06, RECONSIDERING, AFFIRMING AND RATIFYING THE AMENDED AND REINSTATED WORKING Oversight Board of the Successor Agency to the Page 1 Tustin Community Redevelopment Agency Special Meeting Minutes — May 28, 2015 Agenda Item 1 CAPITAL LOAN AND ADMINISTRATIVE SERVICES AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY Recommendation / Proposed Action It was moved by Board Member Nielsen and seconded by Board Member West that the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency adopt Oversight Board Resolution No. 15-06, reconsidering, affirming and ratifying the Amended and Reinstated Working Capital Loan and Administrative Services Agreement between the City of Tustin and the Successor Agency to the Tustin Community Redevelopment Agency, subject to the following conditions: 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: 4-0 (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 Assembly Bill No. 1484. 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. 15-06 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY RECONSIDERING, AFFIRMING AND RATIFYING THE AMENDED AND REINSTATED WORKING CAPITAL LOAN AND ADMINISTRATIVE SERVICES AGREEMENT BETWEEN THE CITY OF TUSTIN AND THE SUCCESSOR AGENCY TO THE TUSTIN COMMUNITY REDEVELOPMENT AGENCY ADJOURNED at 3:15 p.m. The next regular meeting of the Oversight Board of the Successor Agency to the Tustin Community Redevelopment Agency is scheduled for September 22, 2015 at 4:00 p.m. in the Council Chamber at 300 Centennial Way, Tustin, California. DOUG DAVERT, Charles E. Puckett Chair Secretary Oversight Board of the Successor Agency to the Page 2 Tustin Community Redevelopment Agency Special Meeting Minutes — May 28, 2015