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HomeMy WebLinkAbout10-03-2012 OB MinutesSPECIAL MEETING OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE 183 No. Main Street, Lake Elsinore, CA 92530 MINUTES October 3, 2012 CALL TO ORDER Chairman Tisdale called the meeting to order at 4:01 p.m. PLEDGE OF ALLEGIANCE Chairman Tisdale led the pledge of allegiance. ROLL CALL PRESENT: Brian Tisdale, Chairman Dr. Roger Schultz, Vice -Chair Genie Kelley, Board Member Erin Lillibridge, Board Member F1 Phil Williams, Board Member ABSENT: Justin Carlson, Board Member Dave Oster, Board Member Also present: City Attorney Barbara Leibold, Interim City Manager Thomas Evans, Clerk of the Board Virginia Bloom, and Director of Administrative Services James Riley. PUBLIC COMMENTS — AGENDIZED ITEMS None PRESENTATIONS 1. Introduction of Alternate Board Members, if any None CONSENT CALENDAR None Special Oversight Board Meeting Page 2 of 2 Minutes of October 3, 2012 BUSINESS ITEMS 1. Public Comment Session — LMIHF Due Diligence Review Recommendations: That the Oversight Board receive public comments and any opinions offered by the County Auditor - Controller on the Due Diligence Review of the Low and Moderate Income Housing Fund prepared by White Nelson Diehl Evans LLP on behalf of the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore pursuant to California Health and Safety Code Section 34179.5 (the "LMIHF Report"). That the Oversight Board select a Special Meeting date at least five business days after October 3, 2012 and on or prior to October 15, 2012 to review and approve the LMIHF Report and determination of the amount of cash and cash equivalents that are available for disbursement as provided in Section 34179.5. City Attorney Leibold presented the report to the Board and explained that this Special meeting was for the purpose of taking public comments on the Due Diligence Review prior to the Board taking any action. No public comments were offered at this meeting. Board (� Member Lillibridge asked what the distribution would be to the various taxing entities once the unencumbered LMIHF is paid by the Successor Agency to the County Auditor Controller. The Board requested that this distribution information be researched and that staff report back to the Board. After discussion by the Board, it was determined to cancel the regular meeting of October 9th and to schedule a Special Meeting on Friday, October 12, 2012 at 9:00 a.m. to take action on the Due Diligence Review. OVERSIGHT BOARD MEMBER COMMENTS None ADJOURNMENT There being no further business to come before the Oversight Board, Chairman Tisdale adjourned the meeting at 4:14 p.m. The Regular Oversight Board meeting scheduled for Tuesday, October 9, 2012, at 3:30 p.m. has been cancelled; and a Special Oversight Board Meeting has been scheduled for Friday, October 12, 2012, at 9:00 a.m. to be held at the Cultural Center located at 183 N. Main Street in Lake Elsinore, CA. t -- Brian lisddle, Chair an