OB - Item 2A - Minutes 2-11-13Minutes of the
Oversight Board for the Successor Agency to the
Rosemead Community Development Commission Meeting
February 11, 2013
The regular meeting of the Oversight Board for the Successor Agency to the Rosemead Community
Development Commission was called to order by Chair Wallach at 5:13 p.m. in the Rosemead City Council
Chamber located at 8838 East Valley Boulevard, Rosemead, California.
PLEDGE OF ALLEGIANCE: Board Member Jones
PRESENT: Board Members Allred, Jones, Redondo - Churchward, Wallach
ABSENT: Board Members Lash, Miller, Sotelo
STAFF PRESENT: Assistant City Manager Hawkesworth and City Clerk Molleda
1. PUBLIC COMMENTS FROM THE AUDIENCE — None
2. CONSENT CALENDAR
A. Minutes
December 10, 2012 — Regular Meeting
Board Member Irene Redondo - Churchward made a motion, seconded by Board Member Marty Jones,
to approve the Consent Calendar with corrections to the minutes. Vote resulted in:
Yes: Allred, Jones, Redondo - Churchward, Wallach
No: None
Abstain: None
Absent: Lash, Miller, Sotelo
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.
Rosemead Oversight Board Meeting
Minutes of February 11, 2013
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ITEM N®. --2L-�.
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.
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
Assistant City Manager Matt Hawkesworth reviewed the staff report.
Board Member Jeff Allred made a motion, seconded by Board Member Irene Redondo - Churchward, to
approve Resolution No. 2013 -0001. Vote resulted in:
Yes: Allred, Jones, Redondo - Churchward, Wallach
No: None
Abstain: None
Absent: Lash, Miller, Sotelo
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:
Rosemead Oversight Board Regular Meeting
Minutes of February 11, 2013
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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
AS REQUIRED BY HEALTH AND SAFETY CODE SECTION
34179
The matter of appointing a Vice - Chairperson was deferred to the next meeting and Resolution No. 2013-
0002, was amended to reflect the change.
Board Member Irene Redondo - Churchward made a motion, seconded by Chair Pat Wallach, to
approve Resolution No. 2013 -0002. Vote resulted in:
Yes: Allred, Jones, Redondo - Churchward, Wallach
No: None
Abstain: None
Absent: Lash, Miller, Sotelo
4. ADJOURNMENT
The meeting adjourned at 5:27 p.m. The next Oversight Board meeting is scheduled to take place on March
11, 2013 at 5:00 p.m.
Pat Wallach
Chair
ATTEST:
Matt Hawkesworth
Successor Agency Staff
Assistant City Manager
Rosemead Oversight Board Regular Meeting
Minutes of February 11, 2013
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