OB - Agenda 12-10-12Public Comment from the Audience
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• 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
items 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 governing 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 Cleric's office during
normal business hours.
Rosemead
Oversight
Board
for the
Successor Agency to the
Rosemead Community
Development Commission
MEETING AGENDA
December 10, 2012
•11'1
City Hall Council Chamber
8838 E. Valley Boulevard
Rosemead, CA 91770
www.cityofrosemead.org
Jeff Allred, Board Member
Marty Jones, Board Member
Nicole Lash, Board Member
Robert Miller, Board Member
Irene Redondo - Churchward, Board Member
Pat Wallach, Chair
Raul Alvarez, Vice Chair
ROSEMEAD OVERSIGHT BOARD MEETING AGENDA
December 10, 2012
Oversight Board
Meeting Agenda
• CALL TO ORDER— 5:00 PM
• PLEDGE OF ALLEGIANCE —Board Member Alvarez
• 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. CONSENT CALENDAR
A. Minutes
November 26, 2012 — Regular Meeting
3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. Agreed Upon Procedures Report for Non - Housing Funds
On November 26, 2012 the Oversight Board received the draft report of the Agreed Upon
Procedures review of all former redevelopment funds except housing and opened the public
comment period. Since this meeting, one correction was made to the draft report and no
public comments were received regarding the report. According to the Health and Safety
Code regulations approved under AB 1484, the Oversight Board may now approve the report
by resolution and transmit the report to the various required agencies.
The one correction made to the report is in regards to the AB 1484 Demand Payment made
on July 12, 2012 as directed by the Department of Finance. While the Agreed Upon
Procedures review focused on the period through June 30, 2012, the payment made in July
must be reported to accurately reflect the assets and liabilities of the Successor Agency. As
such, Exhibit B -5 on page 15 of the report was amended to reflect the payment in the
amount of $1,222,008.46 and Exhibit B -4 was adjusted for the same amount so that the
bottom line on Exhibit B -5 was not less than zero. After these adjustments have been made,
the Successor Agency will not owe any additional funds back to the County.
Recommendation: That the Oversight Board accept the Agreed Upon Procedures Review
as prepared by Vavrinek, Trine, Day and Co, LLP and approve Resolution 2012 -0012,
entitled:
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ROSEMEAD OVERSIGHT BOARD MEETING AGENDA
December 10, 2012
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
4. ADJOURNMENT
The next regular Rosemead Oversight Board meeting is scheduled to take place on Monday,
January 14, 2013 at 5:00 p.m.
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