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HomeMy WebLinkAbout02/27/2014 - City Council - Oversight Board - Successor Agency - Redevelopment Agency1 MINUTES OF THE REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY FEBRUARY 27, 2014 The Oversight Board of the Successor Agency to the Costa Mesa Redevelopment Agency met in an Adjourned Regular Meeting held on Thursday, February 27, 2014 at 2:00 p.m. in Conference Room 1A of the Costa Mesa City Hall, 77 Fair Drive, Costa Mesa. Chair James Righeimer called the meeting to order at 2:00 p.m. Chair Righeimer led the Pledge of Allegiance. ROLL CALL Members Present: James Righeimer, Chair Jeff Trader, Vice -Chair Tom Hatch, Board Member Rick Francis, Board Member Dan Baker, Board Member Members Absent: Andy Dunn, Board Member Gary Monahan, Board Member Officials Present: Gary Armstrong, Economic & Development Services Director Colleen O'Donoghue, Assistant Finance Director Celeste Brady, Successor Agency Special Counsel CLERK'S STATEMENT The Agenda for the February 27, 2014 Oversight Board meeting was posted at City Hall, the City Council Chambers and the website on February 24, 2014. PUBLIC COMMENTS - None. PRESENTATIONS - None. MINUTES MOTION/SECOND: Chair Righeimer/Member Francis Motion Carried 5-0 ACTION: Oversight Board approved minutes of September 19, 2013 and February 20, 2014. Minutes - February 27, 2014 - Page 1 of 2 NEW BUSINESS 1. OVERSIGHT BOARD REVIEW AND APPROVAL OF THE SUCCESSOR AGENCY'S ADMINISTRATIVE BUDGET FOR THE 14-15A SIX-MONTH FISCAL PERIOD OF JULY 1, 2014 TO DECEMBER 31, 2014 MOTION/SECOND: Vice -Chair Trader/Member Baker Motion Carried 5-0 ACTION: Oversight Board adopted Resolution No. 14-02 approving the Successor Agency's Administrative Budget for the 14-15A six-month fiscal period of July 1, 2014 to December 3, 2014 pursuant to Section 341770) of the Dissolution Laws. 2. OVERSIGHT BOARD REVIEW AND APPROVAL OF RECOGNIZED OBLIGATION PAYMENT SCHEDULE 14-15A FOR THE SIX-MONTH FISCAL PERIOD OF JULY 1, 2014 TO DECEMBER 31, 2014. MOTION/SECOND: Member Francis/Member Baker Motion Carried 5-0 ACTION: Oversight . Board adopted Resolution No. 14-03 approving the Recognized Obligation Payment Schedule for the 14-15A six-month fiscal period of July 1, 2014 to December 31, 2014, subject to submittal to and review by the DOF. The Assistant Finance Director and her authorized designees shall be authorized to make augmentations, modifications, additions or revisions as may be necessary and/or as directed or required by the DOF. CHAIR AND BOARD MEMBERS' COMMENTS AND SUGGESTIONS - None ADJOURNMENT Chair Righeimer adjourned the meeting at 2:10 p.m. Jeff Trader, Vice Chair Oversight Board of the Successor Agency to the Costa Mesa Redevelopment Agency ATTEST: Brenda Green, Secretary Oversight Board of the Successor Agency to the Costa Mesa Redevelopment Agency Minutes - February 27, 2014 - Page 2 of 2