OB - Minutes - 08-13-12Minutes of the
Oversight Board for the Successor Agency to the
Rosemead Community Development Commission Meeting
August 13, 2012
The regular meeting of the Oversight Board for the Successor Agency to the Rosemead Community
Development Commission was called to order by City Clerk Molleda at 5:09 p.m. in the Rosemead City
Council Chamber located at 8838 East Valley Boulevard, Rosemead, California.
PLEDGE OF ALLEGIANCE: Board Member Jones
PRESENT: Board Members Allred, Alvarez, Jones, Lash, Redondo - Churchward, Wallach
ABSENT: Board Member Miller
STAFF PRESENT: City Attorney Richman, Assistant City Manager Hawkesworth, and City Clerk Molleda
1. PUBLIC COMMENTS FROM THE AUDIENCE
The Oversight Board will receive public comments on matters not listed on the agenda.
2. CONSENT CALENDAR
A. Minutes
July 18, 2012 — Regular Meeting
Board Member Irene Redondo - Churchward made a motion, seconded by Board Member Nicole Lash,
to approve the Consent Calendar. Vote resulted in:
Yes: Allred, Alvarez, Jones, Lash, Redondo - Churchward, Wallach
No: None
Abstain: None
Absent: Miller
3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. Expenditure Update
As part of completing the January through June 2013 ROPS, the Successor Agency staff
has developed the first six -month expenditure report for the prior period of January to June
2012. It is important to keep in mind that the Successor Agency became effective February
1, 2012 so there are some expenditures related to the former redevelopment agency in
January.
Rosemead Oversight Board Meeting
Minutes of August 13, 2012
Page 1 of 3
Recommendation: No action is required.
Assistant City Manager Matt Hawkesworth reviewed the staff report.
Board Member Nicole Lash made a motion, seconded by Board Member Irene Redondo - Churchward,
to receive and file the Expenditure Update for January through June 2012. Vote resulted in:
Yes: Allred, Alvarez, Jones, Lash, Redondo - Churchward, Wallach
No: None
Abstain: None
Absent: Miller
B. ROPS Submittal — January through June 2013
On July 18, 2012 the Board approved the ROPS for the period of January through June 2013
in order to ensure the due date of September 1, 2012 is met. On August 1, 2012 the DOF
released a new template for the ROPS which requires additional data and information that
allows for a reconciliation of prior ROPS periods to determine exactly how much tax
increment is required to meet the enforceable obligations. All of the enforceable obligations
contained in the ROPS that was approved on July 18th remain the same; however, there are
three additional worksheets in addition to the ROPS.
The new ROPS document now includes a summary page, a notes page and a reconciliation
page. The summary page provides a total of all outstanding obligations, a summary of
current obligations and a reconciliation summary of the prior period of January through June
2012. The second new worksheet is a notes page. The notes page is provided so that
Successor Agency can provide detailed comments to the DOF in regards to specific items
listed on the ROPS. The last new page is a reconciliation of the previous six month period of
January through June 2012.
Recommendation: That the Oversight Board approve Resolution No. 2012 -0009, entitled:
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION APPROVING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULES FOR
THE PERIOD OF JANUARY 1, 2013 THROUGH JUNE 30, 2013
Assistant City Manager Matt Hawkesworth reviewed the staff report.
Vice -Chair Raul Alvarez made a motion, seconded by Board Member Irene Redondo - Churchward, to
approve Resolution No. 2012.0009 Vote resulted in:
Rosemead City Council Regular Meeting
Minutes of August 13, 2012
Page 2 of 3
Yes: Allred, Alvarez, Jones, Lash, Redondo - Churchward, Wallach
No: None
Abstain: None
Absent: Miller
4. ADJOURNMENT
The meeting adjourned at 5:38 p.m. The next regular Oversight Board meeting is scheduled to take place on
September 10, 2012 at 5:00 p.m.
rd Member
ATTEST:
f
Matt Hawkeswortl
Successor Agency Staff
Assistant City Manager
Rosemead City Council Regular Meeting
Minutes of August 13, 2012
Page 3 of 3
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD )
I, Matthew E. Hawkesworth, do hereby certify that the meeting minutes from August 13,
2012, were duly and regularly approved and adopted by the Oversight Board for the Successor
Agency to the Rosemead Community Development Commission on the 10th of September 2012,
by the following vote to wit:
Yes: Allred, Jones, Lash, Redondo - Chuchward
No: None
Abstain: None
Absent: Alvarez, Miller, Wallach
Matthe E. Hawk sworth
Successor Agency Staff
Assistant City Manager