OB - Agenda - 02-11-13Public Comment from the Audience
• If you wish to address the Oversight
Board, please complete a Speaker
Request Card, as it must be handed to
the City Clerk before the start of the
meeting.
• 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 Clerk's office during
normal business hours.
Rosemead
Oversight
Board
for the
Successor Agency to the
Rosemead Community
Development Commission
MEETING AGENDA
February 11, 2013
5:00 PM
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
Dalila Sotelo, Board Member
Pat Wallach, Chair
ROSEMEAD OVERSIGHT BOARD MEETING AGENDA
February 11. 2013
Oversight Board
Meeting Agenda
• CALL TO ORDER — 5:00 PM
• PLEDGE OF ALLEGIANCE — Board Member Jones
• ROLL CALL:
Board Members —Allred, Jones, Lash, Miller, Redondo - Churchward, Sotelo, 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
December 10, 2012 — Regular Meeting
3. MATTERS FROM STAFF OF THE ROSEMEAD SUCCESSOR AGENCY
A. ROPS Submittal — July through December 2013
The Department of Finance (DOF) requires that the Recognized Obligation Payment
Schedule (ROPS) for the July through December 2013 be submitted by March 1, 2013. As
with every previous ROPS, the layout and format of the schedules has been modified
slightly, and the schedules may look slightly different.
The new ROPS document now includes a contact information page, a summary page, a
notes page, a schedule for the current ROPS period 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 July through December 2012.
Additionally, this page of the document better reflects the current period obligations against
the projected funding for the period. During the same six month period in the previous fiscal
year, the Successor Agency was underfunded by approximately $523,000 and due to the
DOF's decision to fund all the Senior Housing related obligations from Real Property Tax
Trust Fund (RPTTF) and not the Low and Moderate Income Housing Fund, the shortfall for
the period is now projected at approximately $811,000. This amount should be recouped in
the second six month period of the year when the obligations for debt service are less and
the shortfall payment can be repaid.
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ROSEMEAD OVERSIGHT BOARD MEETING AGENDA
February 11, 2013
The notes page has been modified slightly and the DOF has provided instructions on exactly
what type of information should be included on the notes. The reconciliation worksheet has
also been changed so that it only includes those obligations in which payments were made
and the Item Number is carried forward from the original ROPS in which it was approved.
Recommendation: That the Oversight Board approve Resolution 2013 -0001, 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 JULY 1, 2013 THROUGH DECEMBER 31,
2013
B. Confirmation of Board Members and Selection of a Vice - Chairperson
The Board's former Vice - Chairperson, Raul Alvarez, is no longer the appointee to the
Rosemead Oversight Board by County Supervisor Molina and has been replaced by Dalila
Sotelo. Therefore, the Oversight Board needs to adopt a resolution to confirm the names of
all Board members and select a new Vice - Chairperson.
Recommendation: That the Oversight Board approve Resolution 2013 -0002, entitled:
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE ROSEMEAD COMMUNITY
DEVELOPMENT COMMISSION CONFIRMING THE LIST OF
INDIVIDUALS SERVING AS OVERSIGHT BOARD MEMBERS
AND DESIGNATION A VICE - CHAIRPERSON AS REQUIRED
BY HEALTH AND SAFETY CODE SECTION 34179
4. ADJOURNMENT
The next regular Rosemead Oversight Board meeting is scheduled to take place on Monday,
March 11, 2013 at 5:00 p.m.
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