HomeMy WebLinkAboutOB MINUTES 2012 03 27MINUTES OF THE REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY OF THE FORMER TUSTIN
COMMUNITY REDEVELOPMENT AGENCY
COUNCIL CHAMBER
300 CENTENNIAL WAY
TUSTIN, CALIFORNIA
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Present: Chair Doug Davert, Vice Chair Debra Fitzsimons,
Secretary Jerry Amante, and Board Members John
Nielsen, Matt West, and Anthony Soria
Absent: Board Member Chuck Puckett
Successor Agency Clerk: Patricia Estrella
Others Present: David E. Kendig, Legal Counsel to the Successor Agency
PLEDGE OF ALLEGIANCE — Secretary Amante
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CONSENT CALENDAR — It was moved by Secretary Amante and seconded by Board
Member Nielsen to pull consent item 3 and to approve the balance of the consent
calendar items as recommended by staff.
Motion carried 6 -0
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Recommendation: That the Board approve the Minutes of the Special
Meeting of the Oversight Board of the Successor Agency of the Former Tustin
Community Redevelopment Agency held on March 13, 2012.
FI RST 2. AMENDMENT # REGULATORY AGREEMENT ' i
DECLARATION OF RESTRICTIVE COVENANTS FOR THE TUSTI
LEG C # • PRO JECT
Oversight Board of the Successor Agency of the Page 1
Former Tustin Community Redevelopment Agency
Recommendation /Proposed Action.
Authorize the Successor Agency to the Tustin Community Redevelopment
Agency ("Successor Agency ") to enter into the First Amendment to the
Regulatory Agreement for the Tustin Coventry Court Project with Tustin
Coventry Seniors, LLP, the City of Tustin and Tustin Housing Authority at
Tustin Legacy (within the former MCAS Tustin Redevelopment Project Area).
3. AFFIRM THAT THE HOUSING REIMBURSEMENT AGREEMENT
BETWEEN THE CITY OF TUSTIN AND THE TUSTIN COMMUNITY
REDEVELOPMENT AGENCY INCLUDING THE REMAINING DEBT
SERVICE SCHEDULE ARE AN ENFORCEABLE OBLIGATION (AS SHOWN
ON THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE)
Motion: It was moved by Secretary Amante and seconded by Board Member
Nielsen that the Oversight Board of the Successor Agency to the Tustin
Community Redevelopment Agency affirm and reinforce that the financial
responsibilities identified under the June 5, 2007 Reimbursement Agreement
between the City of Tustin and Tustin Community Redevelopment, including
the debt service schedule for remaining obligations under the Reimbursement
Agreement, as originally agreed upon, are an enforceable and recognized
obligation for the Successor Agency (as shown and identified on the
Recognized Obligation Payment Schedule).
Motion carried 6 -0
ADJOURNED at 4:12 p.m. The next regular meeting is scheduled for Tuesday, April 10,
2012 at 4:00 p.m. in the Council Chamber, 300 Centennial Way, Tustin, California.
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Oversight Board of the Successor Agency of the Page 2
Former Tustin Community Redevelopment Agency
Regular Meeting Minutes