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HomeMy WebLinkAboutResolution No. OB-09-12RESOLUTION NO. OB -09-12 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING AND ADOPTING THE MINUTES FROM SPECIAL MEETING OF MAY 31, 2012 AND THE REGULARLY SCHEDULED MEETING OF JULY 26, 2012. WHEREAS, pursuant to Health and Safety Code section 34173(d), the City of Azusa ("Successor Agency") is the successor agency to the Redevelopment Agency of the City of Azusa; and WHEREAS, pursuant to Health and Safety Code section 34179(a), the Oversight Board has been appointed for the Successor Agency; and WHEREAS, the Oversight Board held a special meeting on May 31, 2012, and a regularly scheduled meeting on July 26, 2012. NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF AZUSA, DOES HEREBY RESOLVE AND FIND AS FOLLOWS: Section 1. Recitals. The Recitals set forth above are true and correct and are incorporated into this Resolution by this reference. Section 2. Approval of the Minutes. The Oversight Board hereby approves and adopts the minutes, in substantially the form attached to this Resolution as Exhibit A APPROVED AND ADOPTED THIS 4th day of October, 2012. C 22 L Chair Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa ATTEST: /Assistant X� City Clerk Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa I, HEREBY CERTIFY that the foregoing Resolution No. OB -09-12 was duly adopted by the Board Members of the Oversight Board of the City of Azusa at a special meeting thereof on the 4th day of October 2012, by the following vote of Board Members: AYES: BOARD MEMBERS: GONZALES, LOWE, PARAGAS, WOODS NOES: BOARD MEMBERS: NONE ABSENT: BOARD MEMBERS: FRICK, ENGLUND, ROMERO (Assistant City Clerk Oversight Board Successor Agency to the Former Redevelopment Agency of the City of Azusa PAGE TWO EXHIBIT A MINUTES SPECIAL MEETING MAY 31, 2012, AND REGULARLY SCHEDULED MEETING JULY 26, 2012 [Attached behind this page] MINUTES OF THE AZUSA OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY May 31, 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 (AL&W) Conference Room, located at 729 N. Azusa Avenue, Azusa, California. A. PRELIMINARY BUSINESS CALL TO ORDER — Chairman Robert Gonzales called the meeting to order. PRESENT: BOARD MEMBERS: Gonzales, Frick, Englund, Lowe, Paragas, Romero, Woods ABSENT: BOARD MEMBERS: None. ALSO PRESENT CITY OF AZUSA STAFF Director of Economic and Community Development Christiansen, Assistant Director of Economic and Community Development Mc Namara, Assistant City Clerk Toscano. Board Member Lowe led in the Salute to the Flag. Deputy City Clerk Toscano administered the Oath of Office to Board Member Dr. Gary L. Woods. B. PUBLIC COMMENT 1. Mr. Mike Lee addressed the meeting expressing his regrets regarding the dissolution of the Redevelopment Agency by the State. 2. Mr. Jorge Rosales addressed the meeting asking Board Members if they received a copy of the 2010- 2011 Former Redevelopment Agency Annual Report pointing out the high debt vs. revenues on the report. 3. Mr. Art Morales addressed the meeting expressing his concern on the State's rejection of City's debt payments. C. The CONSENT CALENDAR consisting of Item C-1 was approved by motion of Board Member Woods, seconded by Board Member Romero, and unanimously carried. 1. The minutes of the meeting of May 3, 2012 were approved as written. D. SCHEDULED ITEMS 1. Adoption of Oversight Board Resolution Transmitting the City Ventures Disposition and Development Agreement (DDA) to the State of California Department of Finance Community Development Director Christiansen addressed the item explaining that this property is located at the northeast corner of 9`s St. and Alameda Ave., and as a result of the State dissolution of the Redevelopment Agency, which happened when this property was in Escrow, it was not possible to secure title insurance for the transaction. Staff answered questions from Board Members regarding the process of the DDA with City Venture, and the transfer of this agreement to the State of California Department of Finance. Board Member Lowe offered a Resolution entitled: A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE AZUSA REDEVELOPMENT AGENCY TRANSMITTING THE CITY VENTURES DISPOSITION AND DEVELOPMENT AGREEMENT TO THE STATE OF CALIFORNIA DEPARTMENT OF FINANCE. Moved by Board Member Lowe, seconded by Board Member Englund, and unanimously carried to adopt Resolution No. OB -06-12. E. BOARD MEMBER COMMENTS Board Member Lowe requested that in addition to the electronic transmittal of the agenda packets, a hard copy also be provided to the Board Members. Community Development Director Christiansen stated that at the next scheduled meeting, Board Members will receive copies of correspondence between the City and Public Finance, regarding the deletion of certain Redevelopment Obligation Payment Schedule (ROPS) items; and reminded Board Members to file their 700 Statement of Economic Interest with the City Clerk's Office. F. ADJOURNMENT Next meeting is scheduled for Thursday, June 28, 20127 at 6:30 p.m. in the Azusa Light and Water Conference Room It was consensus of the Board Members to adjourn. TIME OF ADJOURNMENT: 6:52 p.m. ity Staff Member NEXT RESOLUTION NO. OB -07-12 MINUTES OF THE AZUSA OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY July 26, 2012, 6:30 p.m. The Oversight Board of the Successor Agency to the Former Redevelopment Agency of the City of Azusa met in Regular Session, at the above date and time, at the Azusa Light and Water (AL&W) Conference Room, located at 729 N. Azusa Avenue, Azusa, California. C. PRELIMINARY BUSINESS CALL TO ORDER — Chairman Robert Gonzales called the meeting to order. PRESENT: BOARD MEMBERS: Gonzales, Frick, Lowe, Paragas, Romero ABSENT: BOARD MEMBERS: Englund, Woods ALSO PRESENT CITY OF AZUSA STAFF Director of Economic and Community Development Christiansen, Assistant Director of Economic and Community Development Mc Namara, Senior Accountant Quintero, Acting Assistant City Clerk Hernandez. Board Member Paragas led in the Salute to the Flag. D. PUBLIC COMMENT 1. Mr. Jorge Rosales addressed the meeting inviting all to the commemoration of the Korean Armistice Day on July 27, 2012, in front of City Hall at 10:00 a.m. He addressed item C-1, Recognized Obligation Payment Schedules (ROPS), regarding a previous loan by the Light & Water Department to the Former Redevelopment Agency that was not listed on the schedule. C. SCHEDULED ITEMS 1. Recognized Obligation Pavment Schedules (ROPS) for the Periods from January 1 2013 through June 30. 2013. Community Development Director Christiansen addressed the item stating that this is being presented earlier due to changes in the law that moved the due date to September 1, 2012, as opposed to October 1, 2012. Items previously denied by the Department of Finance (DOF) are being placed back on the schedule in order to keep an open dialog with the State. Regarding the new line item, money for reserves, due to the tax increment income being a larger amount in the December -January accrual than the May -June accrual, Bond payments are less in the February than the July payment; this reserve money will assist to meet Bond payments in August of next year. Board Members reviewed and discussed the Recognized Obligation Payment Schedule. Staff responded to questions posed, regarding the need for clarification on items line Nos. 2, 4, 5, 16, 22 of page 2, and item line No. 5 of page 4. The Reader Board was not included on this schedule as it does not require payment of tax increment at this time. Moved by Board Member Paragas, seconded by Board Member Lowe and *unanimously carried to approve the revised ROPS. Board Member Paragas 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 AND ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD FROM JANUARY 1, 2013 THROUGH JUNE 30, 2013 PURSUANT TO AB 1X 26. Moved by Board Member Paragas, seconded by Board Member Lowe and *unanimously carried to adopt Resolution No. OB -07-12. 2. TRANSFER OF HOUSING ASSETS AND FUNCTIONS TO THE HOUSING AUTHORITY OF THE COUNTY OF LOS ANGELES PURSUANT TO HEALTH AND SAFETY CODE SECTIONTS 34177 AND 34181. Community Development Director addressed the item stating that by August 1, 2012, a list needs to be provided to the Department of Finance (DOF) on all of the using assets that will be transferred to the County. He introduced an amended list that clarifies Atlantis Gardens properties; most of the 33 first time home buyer loans have already been paid and 7 still remain in the program, 5 of those properties are affordable rental covenants; names and addresses have been added to this amended list. Not included on this list is 6°i and Alameda do to it being under a Disposition and Development Agreement (DDA) with the City, which is still being processed. Staff answered questions from Board Members regarding the DDA, and the Atlantis Gardens low modification units. Moved by Board Member Lowe, seconded by Boar Member Frick and *unanimously carried to approve the revised list of housing assets. Board Member Lowe offered a Resolution entitled: A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO. THE AZUSA REDEVELOPMENT AGENCY DIRECTING AND CONFIRMING THE TRANSFER OF HOUSING ASSETS AND FUNCTIONS TO THE LOS ANGELES COUNTY HOUSING AUTHORITY. Moved by Board Member Lowe, seconded by Board Member Frick and *unanimously carried to adopt Resolution No. OB -08-12, with the revised list of housing assets. D. BOARD MEMBER COMMENTS Discussion was held among Board Members regarding the dead lines to comply with due diligence for low and moderate housing, housing funds and non -housing funds. Board Member Paragas announced that the Department of Finance is working on a standard spreadsheet format for all cities to use with their ROPS reports. It was concesnus of the Board Members to cancel the regular scheduled meeting of August 23, 2012. Moved by Board Member Gonzales Seconded by Board Member Frick and carried, to re -schedule the meeting of September 27, 2012, from 6:30 p.m. to 3:30 p.m., Board Member Lowe voted no. E. ADJOURNMENT Next meeting is re -scheduled for Thursday, September 27, 2012, at 3:30 p.m. in the Azusa Light and Water Conference Room Moved by Board Member Paragas, seconded by Board Member Lowe and *unanimously carried to adjourn. TIME OF ADJOURNMENT: 7:54 p.m. i ity Staff Member NEXT RESOLUTION NO. OB -09-12 * Indicates Board Members Englund and Woods were absent.