HomeMy WebLinkAbout2012-05-08 OB Agenda Item No. 4OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE
TO: MEMBERS OF THE OVERSIGHT BOARD
FROM: BARBARA LEIBOLD, SUCCESSOR AGENCY COUNSEL
DATE: MAY 8, 2012
SUBJECT: CONSIDERATION OF CANCELLATION OF MAY 22, 2012
REGULAR MEETING
Background
By Resolution OB- 2012 -001, the Oversight Board established the date, time and
location of the Oversight Board's regular meetings for the 2nd and 4th Tuesdays of
each month at 3:30 p.m. to be held at the Lake Elsinore Cultural Center.
Discussion
The next regularly scheduled meeting will be May 22, 2012. Successor Agency
staff and legal counsel are working with the Agency's financial consultants, the
County of Riverside and the Department of Finance to respond to a number of
inquiries regarding the initial ROPS and to implement the Redevelopment
Dissolution Act under the provisions of AB x1 26.
While staff anticipates making significant progress on these issues in the next
two weeks as well as responding to general questions presented by Board
Members, cancellation of the regularly scheduled meeting of May 22 would allow
the Successor Agency an opportunity to meet prior to the next Oversight Board
meeting and allow staff to present a full Agenda to the Oversight Board.
In the event a need for action by the Oversight Board is necessary prior to the
regularly scheduled meeting of June 12, 2012, staff requests that the Board
consider Thursday, May 31 2012 as a possible date for a Special Meeting, if and
only if the need arises. A Special Meeting would be called by the Chairman and
each Board Member would be contacted not less than 24 hours prior to the
meeting.
AGENDA ITEM 4 Page 1
Consideration of Cancellation of May 22, 2012 Regular Meeting
May 8, 2012
Page 2 of 2
Recommendation
It is recommended that the Oversight Board cancel its regularly scheduled
meeting of May 22, 2012 and provide direction to staff as to the Members'
availability on May 31, 2012 in the event the need for a Special Meeting arises
prior to the regularly scheduled meeting of June 12, 2012.
Prepared and approved by: Barbara Leibold,
City Attorney /Successor Agency Counsel
AGENDA ITEM 4 Page 2