HomeMy WebLinkAbout10/10/2012 - City Council Special Meeting - Oversight Board - Successor Agency - Redevelopment AgencySPECIAL MEETING OF THE OVERSIGHT BOARD
OF THE SUCCESSOR AGENCY
TO THE COSTA MESA REDEVELOPMENT AGENCY
OCTOBER 10, 2012
These meeting minutes represent an "action minute" format. A copy of the meeting can be
obtained at the Costa Mesa Housing Authority Office located on the 2"d floor of the Costa Mesa City
Hall.
The Oversight Board of the Successor Agency to the Costa Mesa Redevelopment Agency
met in a Special Meeting on Wednesday, October 10, 2012, in Conference Room 1A of the
Costa Mesa City Hall, 77 Fair Drive, Costa Mesa.
Chair Jim Righeimer called the meeting to order at 2:30 p.m. and Board Member Tom
Hatch led in the Pledge of Allegiance.
I. ROLL CALL
Members Present: Jim Righeimer, Chair
Thomas R. Hatch, Board Member
Rick Francis, Board Member
Dan Baker, Board Member
Members Absent: Jeff Trader, Vice -Chair
Andy Dunn, Board Member
Gary Monahan, Board Member
Officials Present: Peter Naghavi, Director of Economic and
Development / Deputy CEO
Bobby Young, Finance and I.T. Director
Colleen O'Donogue, Assistant Finance Director
Hilda Veturis, Management Analyst
Celeste Brady, Successor Agency Special Counsel
Martha Rosales, Recording Secretary
II. CLERK'S STATEMENT
The Agenda and Notice and Call for the Special Oversight Board Meeting of October
10, 2012, were posted at the City Council Chambers, Adams Postal Office,
Headquarters Police Department, Neighborhood Community Center and the Mesa
Verde Public Library on Monday, October 8, 2012.,
III. PUBLIC COMMENTS
Any person wishing to address the Oversight Board on any matter, whether or not it
appears on this agenda, is requested to complete a "Request to Speak" form,
available at the door and with the Secretary. The completed form is to be submitted
to the Secretary prior to an individual agenda item being heard by the Oversight
Board. No action will be taken on any item not on the agenda unless the Oversight
Board makes a determination that an emergency exists or that the need to take
IV.
V.
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action on the item rose subsequent to the posting of the agenda. Public comments
shall be limited to a maximum of three (3) minutes per person and an overall time
period of 15 minutes for items not considered on the regular agenda.
MINUTES
Approval of the September 27, 2012 Special Oversight Board Meeting
MOTION: Approve Minutes of the September 27, 2012 Special Oversight Board
meeting. Moved by Board Member Rick Francis, second by Board Member Dan
Baker.
The motion carried by the following vote:
Ayes: Chair Jim Righeimer, Board Members Tom Hatch, Rick Francis, Dan
Baker
Noes: None
Absent: Vice -Chair Jeff Trader, Board Members Gary Monahan and Andy Dunn
Abstained: None
PRESENTATIONS - None
NEW BUSINESS
Review and consider Public 'Comments, if any, received during Public
Comment Session and the results/opinions, if any, offered by the County
Auditor -Controller to the Due Diligence Review Report for the Low and
Moderate Income Housing Fund prepared pursuant to Sections 34179.5 and
34179.6; approve the Report and direct Successor Agency staff to transmit the
final report to the County Auditor Controller (CAC) and Department of Finance
(DOF)
Special Successor Agency Counsel Celeste Brady presented the staff report. Ms.
Brady reminded Board Members that' at the second meeting, the Oversight Board
had the authority to direct the Successor Agency to retain assets, cash or funds in
order to meet enforceable obligations down the road. Since Finance was not
anticipating the need to retain assets at this time, staff recommended approval of
Oversight Board Resolution 2012-10 to authorize transmittal back to the Department
of Finance and the County Auditor -Controller a second time.
Chair Jim Righeimer opened the session for public comments. There being none, he
closed the public comments.
MOTION: Adopt Oversight Board Resolution No. 2012-10. Moved by Chair Jim
Righeimer, second by Board Member Rick Francis.
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1
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY
TO THE COSTA MESA REDEVELOPMENT AGENCY APPROVING THE DUE
DILIGENCE REVIEW REPORT FOR THE LOW AND MODERATE INCOME
HOUSING FUND PREPARED PURSUANT TO SECTION 34179.5; DIRECTING
SUCCESSOR AGENCY STAFF TO TRANSMIT THE FINAL REPORT TO THE
COUNTY AUDITOR -CONTROLLER (CAC) AND DEPARTMENT OF FINANCE
(DOF) PURSUANT TO THE DISSOLUTION ACT.
The motion carried by the following vote:
Ayes: Chair Jim Righeimer, Board Members Tom Hatch, Rick Francis, Dan
Baker
Noes: None
Absent: Vice -Chair Jeff Trader, Board Members Gary Monahan and Andy Dunn
Abstained: None
2. Update to Oversight Board regarding Communications with DOF and CAC
Finance and I.T. Director Bobby Young presented the staff report. He spoke of the
recent submission regarding the ROPS Schedule and questions the Department of
Finance had regarding ROPS 3. Mr. Young stated an update regarding the meet and
confer process would be provided at the next meeting. Ms. Brady added that staff
had not yet received a meet and confer appointment for the two housing assets (NSP
loans) that were disallowed.
Chair Jim Righeimer received the report from Successor Agency staff.
VII. CHAIR AND BOARD MEMBER'S COMMENTS AND SUGGESTIONS
None
VIII. ADJOURN — Chair Jim Righeimer adjourned the meeting at 2:45 p.m.
am sLM.f Righeimer, Chairperson
Oversight Board of the Successor Agency to the former
Costa Mesa Redevelopment Agency
ATTEST:
aA-
Marth ales, ecor ing Secretary
Oversight Board of the Successor Agency
to the former Costa Mesa Redevelopment
Agency