HomeMy WebLinkAboutMinutes - October 11, 2012 - OBA a
MINUTES OF THE AZUSA OVERSIGHT BOARD
OF THE SUCCESSOR AGENCY TO THE FORMER
REDEVELOPMENT AGENCY
October 11, 2012, 6:30 p.m.
The Oversight Board of the Successor Agency to the Former Redevelopment Agency of the City of Azusa met
in Special Session, at the above date and time, at the Azusa Light and Water, located at 729 N. Azusa Avenue,
Azusa, California.
A. PRELIMINARY BUSINESS
CALL TO ORDER — Chairman Gonzales called the meeting to order.
PRESENT: BOARD MEMBERS: Gonzales, Frick, Paragas, Romero, Woods
ABSENT: BOARD MEMBERS: Englund, Lowe
ALSO PRESENT CITY OF AZUSA STAFF
Economic and Community Development Director Christiansen, Administrative Technician Acting Assistant
City Clerk Hernandez.
Boardmember Romero led in the Salute to the Flag.
B. PUBLIC COMMENT
Mr. Jorge Rosales addressed the meeting following up on questions and comments he submitted at the meeting
of October 4; he expressed his concern on item listed on the DDR (Due Diligence Report) regarding the
purchase price vs. sale price of certain properties; and the bonds sold in 2008 to purchase housing, such as
Atlantis Gardens.
Director of Economic and Community Development Christiansen responded to comments stating that staff is
still working on answering Mr. Rosales' questions; regarding Atlantis Gardens, the Agency is required by
procedures dictated by the Department of Finance to reflect the actual purchased value of the properties.
C. SCHEDULED ITEMS
0 0
RESOLUTION APPROVING THE DUE DILIGENCE REVIEW FOR THE LOW AND MODERATE
INCOME HOUSING FUND FOR THE SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT
AGENCY OF THE CITY OF AZUSA.
Economic and Community Development Director Christiansen addressed the item stating that this report is for
the low and moderate housing funds; it was first presented to the Board on October 4, and is required to be
approved by October 15; state procedures require five days review of the report; comments received during the
5 day period will be submitted to the Department of Finance (DOF) together with the report; this resolution will
complete the process.
Boardmember Woods offered a Resolution entitled:
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING THE DUEDIIdGENCEREVIEW
OF THE LOW AND MODERATE INCOME HOUSING FUND CONDUCTED PURSUANT TO HEALTH
AND SAFETY CODE SECTION 34179.5
Moved by Board Member Woods, Seconded by Board Member Romero, and *unanimously carried to adopt
Resolution No. OB -13-12.
D. BOARD MEMBER COMMENTS
None.
E. ADJOURNMENT
Moved by Boardmember Woods, seconded by Boardmember Frick and *unanimously carried to Adjourn.
Next Scheduled Meeting: October 25, 2012, 6:30 P.M. Light & Water Conference Room.
TIME OF ADJOURNMENT: 6:40 P.M.
City Staff Member 1p
NEXT RESOLUTION NO. OB -14-12
* Indicates Board Members Englund and Lowe were absent.