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CDC - Item 2A - Minutes 6-23-09Minutes of the REGULAR COMMUNITY DEVELOPMENT COMMISSION MEETING June 23, 2009 The regular meeting of the Rosemead Community Development Commission was called to order by Chairwoman Clark at 6:08 p.m. in the Rosemead City Hall Chamber located at 8838 East Valley Boulevard, Rosemead, California. The pledge and invocation were previously performed during the Housing Corporation meeting held at 6:00 p.m., the same day. ROLL CALL OF OFFICERS PRESENT: Chairwoman Margaret Clark, Commissioner Sandra Armenta, Commissioner Polly Low, and Commi Ly. Taylor, OFFICIALS PRESENT: Executive Director Allred, Assistant City ManageHawkesi Montes, Community Development Director Saeki, Director of Finance.Brisco, Direct Recreation Montgomery-Scott, Economic Development Administrator Ramirez, and h Molleda. 4.- 1. PUBLIC COMMENTS FROM THE AUDIENCE None 2. CONSENT CALENDAR A. Minutes June 9, 20( B. Resolutior Agency Attorney Qarks and mssion Secretary ation"i' Adopt Resolution No. 2009-17 for payment of Commission in the amount of $9;151.70 demands Nos. 10043 and 11120 through 11123. Vice-Chairman Gary Taylor made a motion, seconded by Commissioner Sandra Armenta, to approve the Consent Calendar. Vote,resulted in: Yes: Armenta, Clark, Low, Ly, Taylor No: None Abstain: None Absent: None Rosemead Community Development Commission Meeting Minutes of June 23, 2009 ITEM NO. Page 1 of 3 3. MATTERS FROM THE EXECUTIVE DIRECTOR & STAFF A. Adoption of the Community Development Commission's Fiscal Year 2009-10 Annual Operation and Capital Improvement Budget The Community Development Commission's fiscal year 2009-10 Annual Operating and Capital Improvement Budget is as follows: Total Appropriations FY 2009-10 - $6,492,082 Recommendation: That the Community Development Commission adopt Resolution No. 2009-18 approving the fiscal year 2009-10 Annual Operating and Capital Improvement Budget in the amount of $6,492,082. Assistant City Manager Hawkesworth reviewed the annual Commission. Vice- Chairman Taylor asked staff to explain the figures presenfed in the CDC budget on page 207, which showed $8,258,000; however, the Commission was presented wit`$6,492,000 million to approve. Mr. Taylor asked where the difference of over $1.5 million went to. Assistant City Manager Hawkesworth explained\e;way the.Redevelop'budget sheets print, it includes the transfers between each of the funds. As tax increment money comes in, money is transferred to the Housing Corporation for their 20 percent seta side. Furthermore ,the detailed sheets included expenses out of the lowlmoderate;housing funds but it's also expensesin the project area debt service account as a transfer to the housing fund: therefore. showing it twice4and as a result the total on the detail sheets appears higher thamthe-actual summary sheets. Mr. Taylor asked where it-was put twice'/ Mr. Hawkesworth responded that on page,206,there was a figure of $2,057,332 and another one of $250,000. Mr. Taylor stated if `yb,0,take $2,057,000 off the $8 million that was less than the 6 million and asked what else was transferred out:.,, Assistant City Manager Hawke sworth explained that on the detailed sheet, it shows a figure of $8.25 million and the number on the budgetbook shows $6.0 million, so we are looking at a difference of $2.25 million difference. Therefore, the $2 million is in the line item and there is also a figure of $250,000, which is the remainder of the transfer out. By reducing those numbers, you get the $6 million dollar figure. Mr. Taylor stated the $8,258,000 minus the $2,057,000 amounts to $6,200,000 and minus the $250,000 did not equal $6,492,000; there is still a difference of $500,000. Mr. Taylor felt there were some discrepancies in the totals presented to the Commission and would vote no. Rosemead Community Development Commission Meeting Minutes of June 23, 2009 Page 2 of 3 Mr. Hawkesworth stated there was $400,000 of Capital Improvement Projects also included in the $6 million figure on page 136 of the budget book. Commissioner Steven Ly made a motion, seconded by Commissioner Polly Low, to approve the Resolution 2009-18 for the Community Development Commission Operating and Capital Improvement Budget for 2009.10. Vote resulted in: No: Taylor Abstain: None The meeting adjourned at 6:17 p.m. place on July 14, 2009 at 6:00 p.m. meeting will take Rosemead Community Development Commission Meeting Minutes of June 23, 2009 Page 3 of 3 Yes: Armenta, Clark, Low, Ly .