OB - Agenda - 08-13-12Public Comment from the Audience
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Brown Act
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action may be taken on a matter unless it is
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Pursuant to Gov. Code Sect. 54954.3(c),
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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
August 13, 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
Auuust13,2012
Oversight Board
Meeting Agenda
• CALL TO ORDER— 5:00 PM
• PLEDGE OF ALLEGIANCE — Board Member Jones
• OATH OF OFFICE — Board Member Robert Miller
• 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
July 18, 2012 — Regular Meeting
3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. Expenditure Update
As part of completing the January through June 2013 ROPS, the Successor Agency staff
has developed the first six -month expenditure report for the prior period of January to June
2012. It is important to keep in mind that the Successor Agency became effective February
1, 2012 so there are some expenditures related to the former redevelopment agency in
January.
Recommendation: No action is required.
B. ROPS Submittal — January through June 2013
On July 18, 2012 the Board approved the ROPS for the period of January through June 2013
in order to ensure the due date of September 1, 2012 is met. On August 1, 2012 the DOF
released a new template for the ROPS which requires additional data and information that
allows for a reconciliation of prior ROPS periods to determine exactly how much tax
increment is required to meet the enforceable obligations. All of the enforceable obligations
contained in the ROPS that was approved on July 18th remain the same; however, there are
three additional worksheets in addition to the ROPS.
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ROSEMEAD OVERSIGHT BOARD MEETING AGENDA
August 13, 2012
The new ROPS document now includes a summary page, a notes page and a reconciliation
page. The summary page provides a total of all outstanding obligations, a summary of
current obligations and a reconciliation summary of the prior period of January through June
2012. The second new worksheet is a notes page. The notes page is provided so that
Successor Agency can provide detailed comments to the DOF in regards to specific items
listed on the ROPS. The last new page is a reconciliation of the previous six month period of
January through June 2012.
Recommendation: That the Oversight Board approve Resolution No. 2012 -0009, 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, 2013 THROUGH JUNE 30, 2013
4. ADJOURNMENT
The next regular Rosemead Oversight Board meeting is scheduled to take place on Monday,
September 10, 2012 at 5:00 p.m.
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