HomeMy WebLinkAbout04/17/2014 - 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
APRIL 17, 2014
The Oversight Board of the Successor Agency to the Costa Mesa Redevelopment
Agency met in a Regular Meeting held on Thursday, April 17, 2014 at 2:00 p.m. in
Conference Room 1A of the Costa Mesa City Hall, 77 Fair Drive, Costa Mesa.
Vice Chair Andy Dunn called the meeting to order at 2:05 p.m.
Member Hatch led the Pledge of Allegiance.
ROLL CALL
Members Present: Vice Chair Andy Dunn
Tom Hatch, Board Member
Rick Francis, Board Member
Dan Baker, Board Member
Members Absent: James Righeimer, Chair
Jeff Trader, Vice -Chair
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 April 17, 2014 Oversight Board meeting was posted at City Hall, the
City Council Chambers and the website on April 14, 2014.
PUBLIC COMMENTS - None.
PRESENTATIONS - None.
NEW BUSINESS
1. AMENDED AND RESTATED AGREEMENT TO RE-ESTABLISH LOAN
PURSUANT TO SECTION 34191.4 BETWEEN THE CITY AND THE
SUCCESSOR AGENCY FOLLOWING THE OBTAINING OF A FINDING OF
COMPLETION
MOTION/SECOND: Member Francis/Member Baker
Motion Carried 4-0
Minutes — April 17, 2014 - Page 1 of 2
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ACTION: Oversight Board adopted Resolution No. 14-04, to be read by title only
and waived further reading, Affirming its Prior Finding that the City/Agency Loan
between City and Former Agency was made for Legitimate Redevelopment
Purposes and Approving that Certain Amended and Restated Agreement to Re -
Establish Loan Pursuant to Section 34191.4 between the City and the Successor
Agency Following the Obtaining of a Finding of Completion and Following the
Return of Such Loan by the DOF to the Oversight Board.
CHAIR AND BOARD MEMBERS' COMMENTS AND SUGGESTIONS - None
ADJOURNMENT
Motion/Second: Member Hatch/Member Francis
Meeting adjourned at 2:20 p.m.
Jeff Trader, Vice Chair
Oversight Board of the Successor Agency to the Costa Mesa Redevelopment Agency
ATTEST:
i
Brenda Green, Secretary
Oversight Board of the. Successor Agency to
the Costa Mesa -Redevelopment Agency
Minutes — April 17, 2014 - Page 2 of 2