HomeMy WebLinkAbout09/27/2012 - City Council Special Meeting - Successor Agency - Redevelopment AgencySPECIAL MEETING OF THE SUCCESSOR AGENCY TO THE
COSTA MESA REDEVELOPMENT AGENCY
September 27, 2012
The City Council of the City of Costa Mesa, California met in a Special Adjourned meeting
of the City of Costa Mesa City Council as Successor Agency to the Costa Mesa
Redevelopment Agency on Thursday, September 27, 2012 at 4:00 p.m. in Conference
Room 1 A at City Hall, 77 Fair Drive, Costa Mesa.
The Agency Vice -Chair called the meeting to order.
ROLL CALL:
Members Present: Agency Vice -Chair James M. Righeimer
Agency Member Wendy Leece
Agency Member Stephen M. Mensinger
Agency Member Gary Monahan
Members Absent: Agency Chair Eric R. Bever
Officials Present: Assistant CEO Rick Francis
City Attorney Thomas Duarte
Deputy CEO/Economic Development Director Peter Naghavi
Finance/IT Director Bobby Young
Assistant Finance Director Colleen O'Donoghue
Agency Financial Consultant Celeste Brady
Public Comments
None
NEW BUSINESS (01:06)
1. Independent Accountant's Report of the Housing Due Diligence Review of the Low and
Moderate Income Housing Fund Pursuant to Sections 34179.5 and 34179.6 of the
Dissolution Act.
Finance/IT Director Bobby Young provided the staff report and explained that the
special meeting was necessary due to the October 1St deadline for the Housing Due
Diligence Review. Mr. Young provided background on the audit of the Successor
Agency and the anticipated demand from the State.
Agency Member Leece inquired on Schedule 2 regarding transfer of property to the
Costs Mesa Housing Authority (CMHA). Assistant Finance Director Colleen
O'Donoghue provided an explanation of the land and assets- -Keid by the
Redevelopment Agency and efforts by staff to discover the records. ^gency-Financial
Consultant Celeste Brady provided further details and confirmed that the leases
on three properties held by the Agency have been recorded.
Special Meeting/Successor Agency — September 27, 2012 — Page 1
Ms. Brady also provided background on the Neighborhood Stabilization Program (NSP)
money that the City received, of which a portion was committed for affordable housing and
two loans became assets to the Agency. Ms! Brady advised that the State had disallowed
the two loans and she was working with staff at the Housing and Urban Development office
to help the Agency keep the two loans.
Agency Member Leece inquired on the status of the Tru -Up payment. Ms. Brady stated
that the Agency made the payment under protest and the California League of Cities had
filed a lawsuit challenging the process for collecting these payments and referenced AB
1484.
MOTION/SECOND: VICE CHAIR RIGHEIMER/AGENCY MEMBER LEECE: TO
APPROVE A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COSTA MESA
REDEVELOPMENT AGENCY APPROVING THE INDEPENDENT ACCOUNTANT'S
REPORT REGARDING THE HOUSING DUE DILIGENCE REVIEW CONDUCTED
PURSUANT TO SECTION 34179.5 FOR THE LOW AND MODERATE INCOME
HOUSING FUND AND AUTHORIZING STAFF TO TRANSMIT THE REPORT, ALONG
WITH THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE, TO THE OVERSIGHT
BOARD AND TO THE COUNTY AUDITOR -CONTROLLER, STATE CONTROLLER'S
OFFICE, AND DEPARTMENT OF FINANCE; PURSUANT TO SECTION 34179.6 OF THE
DISSOLUTION ACT.
The motion carried by the following roll call vote:
Ayes: Vice Chair Righeimer, Agency Member Mensinger, Agency Member
Leece, Agency Member Monahan
Noes: None
Absent: Agency Member Bever
CITY COUNCIL/SUCCESSOR AGENCY MEMBERS' COMMENTS AND SUGGESTIONS
None
ADJOURNMENT
The Vice Chair adjee muting at 4:151 p.m.
Mayo Cae-of Costa Mesa
Vi Chair of the Successor Agency
ATTEST:
City Clerk of the -City of Costa Mesa
Secretary, of ffie Successor Agency
Special Meeting/Successor Agency;— September 27, 2012 — Page 2