OB - 2012-0012 - Approving The All Other Funds Due Diligence ReviewRESOLUTION: 2012 -0012
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
TO THE ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION APPROVING
THE ALL OTHER FUNDS DUE DILIGENCE REVIEW
WHEREAS, Assembly Bill 1484 amended Health and Safety Code Section 34179.5
requiring each Successor Agency to employ a licensed accounting firm to conduct a due
diligence review of the Successor Agency's Funds; and
WHEREAS, the Oversight Board for the Successor Agency to the Rosemead
Community Development Commission selected Vavrinek, Trine, Day, and Co.,LLP to conduct
the Due Diligence Review; and
WHEREAS, on November 26, 2012 the Oversight Board for the Successor Agency to
the Rosemead Community Development Commission opened the Public Comment period to
review and accept comments on the Due Diligence Review; and
WHEREAS, on December 10, 2012 the Oversight Board for the Successor Agency to
the Rosemead Community Development Commission conducted a second meeting at least five
(5) business days after the Public Comment period began to formally approve the Due
Diligence Review.
NOW THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
TO ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION HEREBY RESOLVES:
1. The Due Diligence Review as prepared by Vavrinek, Trine, Day & Co., LLP is
approved and shall be transmitted to the California Department of Finance, the State
Controller's Office and the County Auditor - Controller.
PASSED, APPROVED AND ADOPTED this 10th day of December 2012.
r,.
Chairperson
ATTEST:
VY1 �f�
Matthhw E. H13wkesworth
Successor Agency Staff
Assistant City Manager
HEREBY CERTIFY that the above and foregoing resolution was duly passed and adopted by
the Oversight Board for the Successor Agency to the Rosemead Community Development
Commission at its special meeting held on the 10th day of December 2012, by the following
vote, to wit:
AYES: ALLRED, ALVAREZ, JONES, REDONDO- CHURWARD, WALLACH
NOES: NONE
ABSENT: LASH, MILLER
ABSTAINED: NONE
s'
Matth w E. HhWkesworth
Successor Agency Staff
Assistant City Manager