OB - Agenda - October 17, 2012Public Comment from the Audience
• If you wish to address the Oversight
Board, please complete a Speaker
Request Card, as it must be handed to
the City Clerk before the start of the
meeting.
• The Board will hear public comments on
matters not listed on the agenda during
the Public Comments from the
Audience period.
• Opportunity to address the Board (on
non - agenda items) is limited to 3
minutes per speaker.
• The Board will hear public comments on
Hems listed on the agenda during
discussion of the matter and prior to a
vote.
Brown Act
Pursuant to provisions of the Brown Act, no
action may be taken on a matter unless it is
listed on the agenda, or unless certain
emergency or special circumstances exist.
The Board may direct staff to investigate
and/or schedule certain matters for
consideration at a future Board meeting.
Rules of Decorum
Persons attending the meeting shall observe
rules of propriety, decorum, good conduct,
and refrain from impertinent or slanderous
remarks. Violation of this rule shall result in
such persons being barred from further
audience before the goveming body.
Pursuant to Gov. Code Sect. 54954.3(c),
any person who engages in unlawful
interference shall be removed from
chambers.
Americans with Disabilities Act
In compliance with the ADA, if you need
special assistance to participate in this
meeting, please contact the City Clerk's
office at least 48 hours prior to the meeting
to allow the City to make reasonable
arrangements to ensure accessibility to the
meeting or service.
This agenda was posted 72 hours in
advance of the meeting at the City Hall,
8838 E. Valley Boulevard, Rosemead; the
L.A. County Library, Rosemead Branch,
8800 E. Valley Boulevard, Rosemead; and
other locations pursuant to RMC Sec.
1.08.020. Any writings or documents
provided to a majority of the Rosemead
Oversight Board regarding any item on this
agenda will be made available for public
inspection in the City Clerk's office during
normal business hours.
Rosemead
Oversight
Board
for the
Successor Agency to the
Rosemead Community
Development Commission
MEETING AGENDA
October 17, 2012
5:00 PM
City Hall Council Chamber
8838 E. Valley Boulevard
Rosemead, CA 91770
www.cityofrosemead.org
Raul Alvarez, Vice Chair
Jeff Allred, Board Member
Marty Jones, Board Member
Nicole Lash, Board Member
Robert Miller, Board Member
Irene Redondo - Churchward, Board Member
Pat Wallach, Chair
ROSEMEAD OVERSIGHT BOARD MEETING AGENDA
October 17, 2012
Oversight Board
Meeting Agenda
• CALL TO ORDER — 5:00 PM
• PLEDGE OF ALLEGIANCE —Board Member Wallach
ROLL CALL:
• Board Members — Allred, Alvarez, Jones, Lash, Miller, Redondo- Churchward, Wallach
1. PUBLIC COMMENTS FROM THE AUDIENCE
The Oversight Board will receive public comments on matters not listed on the agenda.
2. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. Housing Due Diligence Report
Under AB 1484, the Successor Agency was required to complete a due diligence review of
the former Low and Moderate Income Housing Fund. At the last Oversight Board meeting
the Board authorized staff to enter into an agreement with Vavrinek, Trine, Day & Co., LLP to
conduct the review and work to complete the report by the October 1, 2012 deadline. The
review was completed on October 1, 2012 and the report was sent to the various
governmental agencies as required by the legislation. Prior to the Board formally accepting
and approving the review, the Board is required to hold a public comment session at least
five (5) working days prior to the approval. As such, the Board will need to set a date for a
special meeting to consider the approval of the report on or after October 17, 2012. The
Board may recall that the due date for the approval of the report is October 15, 2012;
however, staff has been informed by the Department of Finance (DOF) that there are no
penalties for late submissions and the DOF requests that the report be submitted as soon as
reasonably possible.
The Agreed Upon Procedures review was conducted in accordance with AB 1484 in order to
ensure that all of the winding down procedures had been followed and to make a
determination as to the amount of available fund balance in the Low and Moderate Income
Housing Fund that may be remitted to the State. As noted in the report, there were no
adverse findings made during the review and the Successor Agency has made the
appropriate transfers of assets and duties as applicable.
Recommendation: That the Oversight Board approve Resolution No. 2012 -0011, entitled:
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION APPROVING THE LOW AND
MODERATE INCOME FUND DUE DILIGENCE REVIEW
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ROSEMEAD OVERSIGHT BOARD MEETING AGENDA
October 17, 2012
B. Selection of an Alternative Date for the November 12, 2012 Meeting
The regularly scheduled meeting of the Board would be held on November 12, 2012;
however, the City of Rosemead will be closed due to the Veteran's Day holiday. The Board
will be asked to select an alternative date for the meeting to be held in November.
Recommendation: That the Oversight Board provide guidance to staff regarding a meeting
date for November.
3. ADJOURNMENT
The Board will set a date and time for the November meeting.
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