The URL can be used to link to this page

Home My WebLink AboutOB MINUTES 2012 05 29T, I I ! 0 Z 0 0 1101:4 J, 1A :a MCI I 10 me] j, I ji 11j 0 11 VIV4 51W10 W91:1 ky, 1:1 ki a N±Tci = 0 r COUNCIL CHAMBER 300 CENTENNIAL WAY TUSTIN, CALIFORNIA SPECIAL MEETING 19OWMI WIR1110jim ROLL CALL Present: Chair Doug Davert, Secretary Jerry Amante and Board Members John Nielsen, Chuck Puckett, Matt West and Anthony Soria Absent: Vice Chair Debra Fitzsimons Successor Agency Clerk: Patricia Estrella Others Present: David E. Kendig, Legal Counsel to the Successor Agency 12111*11115030, It 0=1 - K*1 a 0 1 • a a • • IM 1=0 MIN • kyj I Lh M 0 11 WA IVA 91 C*Lvj Motion: It was moved by Board Member Nielsen and seconded by Board Member Puckett 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 April 10, 2012. Motion carried 6-0 Oversight Board of the Successor Agency to the Page 1 Former Tustin Community Redevelopment Agency Special Meeting Minutes REGULAR BUSINESS ITEMS 2-6 2. SECOND AMENDED INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE ("R•PS") FOR THE PERIOD OF JANUARY THROUGH JUNE 2012 AND AMENDED ADMINISTRATIVE BUDGET FOR THE SAME •E10OD Motion: It was moved by Board Member Nielsen and seconded by Secretary Amante to: Reaffirm modifications to the Initial ROPS (period of January-June 2012) made by the Successor Agency and transmitted to the Department of Finance ("DoF") on May 10, 2012 as authorized previously by the Oversight Board, certified by the Oversight Board Chair and as requested by DoF, subject to the following: A. All modifications to the Initial ROPS (labeled "Second Amended Initial ROPS ") requested by DoF were made under protest with the Oversight Board and Successor Agency reserving all rights to seek payment for any obligations removed from the ROPS under protest. B. Review and certification by the County Auditor-Controller selected independent auditor. C. Should any subsequent modifications be required to the Second Amended ROPS by the Successor Agency, independent auditor or DoF, 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. 2. Approve the proposed Successor Agency action to amend its Administrative Budget for the period of January - June 2012, adjusted to reflect the Second Amended ROPS for the same period, pending Successor Agency approval. Staff is directed to amend the second page of the Administrative Budget to reflect the totals on page 1. 3. Approve any subsequent Successor Agency action, if necessary, to enter into a Second Amended Agreement for reimbursement of costs incurred by the City to support Successor Agency operations and obligations for the period of January through June 2012, to reflect the modifications to the Administrative Cost Allowance and Administrative Budget for this period requested by DoF as noted in recommendation #2 above. Motion carried 5-1 (Board Member Soria dissenting) .31 Oversight Board of the Successor Agency to the Page 2 Former Tustin Community Redevelopment Agency Special Meeting Minutes SCHEDULE (JULY - DECEMBER 2012) AND AMENDED ADMINISTRATIVE BUDGET Motion: It was moved by Secretary Amante and seconded by Board Member Puckett to: Reaffirm modifications to the ROPS made by the Successor Agency and transmitted to the Department of Finance ("DoF") on May 10, 2012 as authorized previously by the Oversight Board, certified by the Oversight Board Chair and as requested by DoF, subject to the following: A. All modifications to the Recognized Obligation Payment Schedules ("ROPS") requested by DoF were made under protest with the Oversight Board and Successor Agency reserving all rights to seek payment for any obligations removed from the ROPS under protest; B. Review and certification by the County Auditor-Controller selected independent auditor, and; C. Should any subsequent modifications be required to the First Amended Second ROPS by the Successor Agency, independent auditor, or DOF, the City Manager and/or Finance Director, or their authorized designee, shall be authorized to make augmentation, modification, additions, or revisions as may be necessary subject to certification by the Oversight Board Chair. 2. Approve proposed Successor Agency action to amend its Administrative Budget for the period of July-December 2012, adjusted to reflect the Second Amended ROPS, pending Successor Agency approval. Staff is directed to amend the second page of the Administrative Budget to reflect the totals on page 1. 3. Approve any subsequent Successor Agency action, if necessary, to enter into a Second Amended Agreement for reimbursement of costs incurred by the City to support Successor Agency operations and obligations for Fiscal Year 2012-13, to reflect the modifications to the Administrative Cost Allowance and Administrative Budget for Fiscal Year 2012-13 requested by DoF, including the period of July- December 2012 as noted in recommendation #2 above. Motion carried 5-1 (Board Member Soria dissenting) N kyl I 10 N xe N Nax" WIN Motion: It was moved by Secretary Amante and seconded by Board Member Nielsen to reaffirm the repayment schedule for the former Town Center Oversight Board of the Successor Agency to the Page 3 Former Tustin Community Redevelopment Agency Special Meeting Minutes Redevelopment Project Area's Housing Deficit Reduction Plan as shown in the Second ROPS, as amended. Motion carried 6-0 5. INVENTORY OF FORMER TUSTIN COMMUNITY REDEVELOPMENT AGENCY REAL PROPERTY ASSETS Motion: It was moved by Secretary Amante and seconded by Board Member Nielsen to receive and file. A hill! 01FIRLAV002"I 1121FLY-W-Al WOMAN [Will-Wo] ill ill W Motion: It was moved by Secretary Amante and seconded by Board Member Puckett to: 1. Again, reaffirm the previous award of the construction contract for the Tustin Ranch Road Phase I — Grading and Storm Drain Project (CIP No. 70100 and 70206) as an enforceable obligation using the amounts appropriated utilizing MCAS Tustin 2010 Tax Allocation Bond proceeds and the Agency's previous authorization for the Successor Agency to award the construction contract for the Tustin Ranch Road Phase 2 Roadway Improvements (CIP Nos. 70100, 70100, 70206, 70214 & 70215) to the lowest bidder, R.J. Noble Company, utilizing MCAS Tustin 2010 Tax Allocation Bond proceeds for their intended use, as an enforceable obligation. 2. Approve the Successor Agency acceptance of financial assistance from a variety of private and public funding sources for the Tustin Ranch Road Phase I Project, conditioned upon the provision of matching funds in the amount of $5,983,863 from the MCAS Tustin 2010 Tax Allocation Bond proceeds and approve the Successor Agency's acceptance of financial assistance from the Orange County Transportation Agency, a State grant and from other public and private sources for the Tustin Ranch Road Phase 2 Roadway Project, conditioned upon the provision of matching funds in the amount of $8,164,931 from MCAS Tustin 2010 Tax Allocation Bond proceeds, or any additional amount necessary to support any unforeseen change orders during construction beyond a normal 10 percent contingency for the Project. 3. Authorize the Successor Agency to enter into a reimbursement agreement with the City for the Successor Agency's match contribution to the Phase I and Phase 2 Tustin Ranch Road Improvements Project in the amount shown in Recommendation No. 2 above, to be a disbursed from MCAS 2010 Tustin Tax Allocation Bonds to the City of Oversight Board of the Successor Agency to the Page 4 Former Tustin Community Redevelopment Agency Special Meeting Minutes Tustin. ADJOURNED at 4:51 p.m. The next regular meeting of the Oversight Board of the Successor Agency to the Former Tustin Community Redevelopment Agency is scheduled for June 12, 2012 at 4:00 p.m. in the Council Chamber at 300 Centennial Way, Tustin, California. k ZZ 1 0 A�j Lejef-.11 Oversight Board of the Successor Agency to the Page 5 Former Tustin Community Redevelopment Agency Special Meeting Minutes