OB - Item 2A - Minutes of January 23, 2017MINUTES OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE
ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION
SPECIAL MEETING
January 23, 2017
The special meeting of the Oversight Board for the Successor Agency to the Rosemead
Community Development Commission was called to order by Board Member Russell -Chavez at
5:51 p.m. in the Rosemead Council Chamber located at 8838 East Valley Boulevard, Rosemead,
California.
PLEDGE OF ALLEGIANCE was led by Board Member Jones
PRESENT: Board Members Jones, Manis, Russell -Chavez
ABSENT: Chair Wallach, Vice -Chair Sotelo, and
STAFF PRESENT: Finance Director Chu,
Clerk Hernandez
1. PUBLIC COMMENT - None
2. CONSENT CALENDAR
A. Oversight Board Minutes
t the Ovei
15, 2016.
McKinney, and Deputy City
Board approve the minutes from the special
ACTION Maved by'1164i&Member Manis and seconded by Board Member Jones
to approve the minutes ofNoveriiber 15, 2016. Motion was carried by the following
vote: AYES: Jones; 'Mans, Russell -Chavez, Storti and ABSENT: Wallach,
Sotelo, and;Redondo-C,hu' hward
3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. ROP$,1,Submittal — July 2017 Through June 2018
The Department of Finance (DOF) requires the Recognized Obligation Payment
Schedule (ROPS) for the July 2017 through June 2018 be submitted by February 1,
2017. As with previous ROPS, the layout and format of the schedules has been
modified, and the schedules may look slightly different. Also, as in the previous
year, the ROPS is for an entire fiscal year.
The ROPS document includes a summary page, a cash balance page, a detail
schedule for the current ROPS period, and a notes page.
Rosemead Oversight Board Special Meeting
Minutes of January 23, 2017
Page I oft
Recommendation: That the Oversight Board approve Resolution 2017-001 OB
approving the ROPS for the period of July 2017 through June 2018.
ACTION: Moved by Board Member Jones and seconded by Board Member Stord
to approve the recommended action. Motion was carried by the following vote:
AYES: Jones, Manis, Russell -Chavez, Storti and ABSENT: Wallach, Sotelo,
and Redondo-Churchward
4. OLD BUSINESS - None
5. NEW BUSINESS - None
6. ADJOURNMENT
The meeting adjourned at 5:56 p.m. The next
to take place on February 13, 2017, at 5::
Chamber.
Ericka
Approved:
Rosemead Oversight Board Special Meeting
Minutes of January 23, 2017
Page 2 oft
in
1. is scheduled
Hall Council