OB - Item 2A - Minutes of 09-17-14Minutes of the
Oversight Board for the Successor Agency to the
Rosemead Community Development Commission Meeting
September 17, 2014
The regular meeting of the Oversight Board for the Successor Agency to the Rosemead Community
Development Commission was called to order by Vice -Chair Lash at 5:04 p.m. in the Rosemead City Council
Chamber located at 8838 East Valley Boulevard, Rosemead, California.
PLEDGE OF ALLEGIANCE: Vice -Chair Lash
PRESENT: Board Members Allred, Jones, Lash, Sotelo and Miller
ABSENT: Chair Wallach, Board Member Redondo -Ch
STAFF PRESENT: Acting Finance Director Chu, and
1. PUBLIC COMMENTS FROM THE AUDIENCE - None
2. CONSENT CALENDAR
A. Minutes
July 30, 2014
Board Member Sotelo arrived
Board Member Martin Jones
minutes of July 30, 2014. Vo
Yes: Allred,
No: None
Meeting
at 5:05 o.m. to the
Board Member Robert Miller to approve the
, Sotelo
Wallach
3. MATTERS
A. ROPS
ROSEMEAD SUCCESSOR AGENCY
— January through June 2015
The Department of Finance (DOF) requires the Recognized Obligation Payment Schedule
(ROPS) for the January through June 2015 be submitted by October 3, 2014. As with every
previous ROPS, they layout and format of the schedules has been modified, and the
schedules may look slightly different.
The ROPS document includes a summary page, a cash balance page, a schedule for the
current ROPS period, a reconciliation page of prior ROPS periods, and a notes page. The
None
Rosemead Oversight Board Meeting
Minutes of September 17, 2014
Page 1 of 4
Successor Agency under spent its allocation in the 2014 -15B period by $21,331 due to a
lower than anticipated transfer to the Housing Corporation. This represents the only
adjustments for the ROPS.
Recommendation: That the Oversight Board approve the Oversight Board Resolution
2014 -0008, 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, 2014 THROUGH JUNE
Acting Finance Director Chu reviewed the staff report.
Board Member Soteto suggested that changes to
period.
get
to
Board Member Lash asked that staff show a breakdown of
the ROPS.
Board Member Robert Miller made a motion,
Oversight Board Resolution 2014.0008. Vote
Yes: Allred, Jones, Lash, Miller,
No: None
Abstain:
91
of the administrative cost in
Jones to approve the
Upon receiving the Finding of Completion from the Department of Finance (DOF), Successor
Agencies were required to develop and approve a Long -Range Property Management Plan
for the disposal of assets. Since the Rosemead Successor Agency did not have any assets
to dispose, the DOF originally stated that a Long -Range Property Management Plan was not
required. Recently the DOF contacted the City to request that a Resolution be approved
statin the'facttfiat there are no reportable assets for the Long -Range Property Management
Plan.
Recommendation: That the Oversight Board approve the Oversight Board Resolution
2014 -0009, entitled:
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION APPROVING AND ADOPTING
A LONG -RANGE PROPERTY MANAGEMENT PLAN
Rosemead Oversight Board Meeting
Minutes of September 17, 2014
Page 2 of 4
PURSUANT TO HEALTH AND SAFETY CODE SECTION
34191.5
Acting Finance Director Chu reviewed the staff report.
Board Member Martin Jones made a motion, seconded by Board Member Dalila Sotelo to approve the
Oversight Board Resolution 2014.0009. Vote resulted in:
Yes: Allred, Jones, Lash, Miller, Sotelo
No: None
Absent: Redondo - Churchward, Wallach
Abstain: None
C. Designation of a Regular Meeting
California Health and Safety Code Section 34179 requires the Oversight Board / meetings to
be subject to the Ralph M. Brown Act (Brown Act). As such, ,a regular meeting"schedule
needs to be approved. The current regular meeting is set for the third Wednesday of each
month. It was requested that the Board revisit the regularly scheduled meeting date to
determine if this is still the best day for everyone.
Recommendation: That the Oversight'' Board approve the Oversight Board Resolution
2014 -0010, entitled:
A,RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION ESTABLISHING A REGULAR
the Chamber of Commerce loan.
Board Member Allred stated that the Chamber of Commerce has not made payments to their loan.
Vice -Chair Lash asked about the extension previously granted.
Acting Finance Director Chu stated that the extension expires on July on 2015.
Board Member Sotelo asked that staff bring back a report of the Chamber of Commerce loan and include
information on where the money has been spent.
Vice -Chair Lash asked staff to consider bringing back information regarding PERS liability cost or at least
include the information in the ROPS.
Board Member Sotelo suggested that the Oversight Board meet on the second Monday of every month
before the scheduled City Council meeting.
Rosemead Oversight Board Meeting
Minutes of September 17, 2014
Page 3 of 4
Vice -Chair Lash asked staff to obtain feedback from Chair Wallach and Board Member Redondo -
Churchward about the new meeting schedule.
Board Member Dalila Sotelo made a motion, seconded by Board Member Jeff Allred to approved
Oversight Board Resolution 2014 -0010, for the Oversight Board to modify the meetings to every
second Monday of every month at 5:30 p.m; subject to confirmation from the Board Chair.
4. ADJOURNMENT
The meeting adjourned at 5:25 p.m. The next regular Rosemead Oversight Board meeting is scheduled to
take place on October 13, 2104, pending confirmation from the Board Chair.
Pat Wallach
Chair
ATTEST:
Matt Hawkesworth
Successor Agency
Assistant City Man
Rosemead Oversight Board Meeting
Minutes of September 17, 2014
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