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HomeMy WebLinkAbout10-12-2012 OB MinutesSPECIAL MEETING OVERSIGHT BOARD TO THE F1 SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE 183 No. Main Street, Lake Elsinore, CA 92530 MINUTES October 12, 2012 CALL TO ORDER Chairman Tisdale called the meeting to order at 9:04 a.m. PLEDGE OF ALLEGIANCE Board Member Oster led the pledge of allegiance. ROLL CALL PRESENT: Brian Tisdale, Chairman Dr. Roger Schultz, Vice -Chair Justin Carlson, Board Member Dave Oster, Board Member F1 Erin Lillibridge, Board Member Phil Williams, Board Member ABSENT: Genie Kelley, Board Member Also present: City Attorney Barbara Leibold, Interim City Manager Thomas Evans, City Clerk/Board Secretary Virginia Bloom, and Director of Administrative Services James Riley. PUBLIC COMMENTS — AGENDIZED ITEMS None PRESENTATIONS None CONSENT CALENDAR 1. Approval of Minutes Recommendation: It is recommended that the Oversight Board approve the minutes of: a. Oversight Board Regular Meeting of August 28, 2012 b. Oversight Board Special Meeting of October 3, 2012 Special Oversight Board Meeting Minutes of October 12, 2012 Motion by Vice -Chair Schultz, seconded by Board Member Carlson to approve the Consent Agenda was approved by unanimous vote. BUSINESS ITEMS 2. LMIHF Due Diligence Review Recommendations: That the Oversight Board approve Resolution No. OB- 2012 -12 accepting the Due Diligence Review of the Low and Moderate Income Housing Fund (LMIHF) 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, and determining that $5,598,729 of cash and cash equivalents of unencumbered LMIHF monies are available for disbursement as provided in Section 34179.5. City Attorney Leibold presented the staff report and summarized that the LMIHF Review concluded that $5,598,729 of unencumbered LMIHF were available for allocation to the County Auditor Controller. She stated that the Oversight Board's determination of the LMIHF Due Diligence Review would be transmitted to the DOF on October 15 and that the Successor Agency would submit the funds to the County Auditor Controller in late November. She also referenced the estimate from the County Auditor - Controller of the F1 distribution of those funds to the various taxing agencies. Board Member Williams asked if the distribution list would include additional funds. City Attorney Leibold answered that no additional funds were anticipated as this is a one -time distribution. She also stated that the next step would include review of the non - housing funds, but noted that it is expected that all of these funds are encumbered and that no funds would likely be available for distribution to the taxing agencies. Motion by Board Member Williams, seconded by Vice -Chair Schultz to approve Resolution No. OB- 2012 -12 passed by unanimous vote. 3. Consideration of Cancellation of November 13 and December 25 2012 Regular Meetings Recommendation: It is recommended that the Oversight Board cancel its regularly scheduled meetings of November 13 and December 25, 2012. City Attorney Leibold presented the report and offered that the subcommittee will make a report to the Oversight Board of its review of the RFPs received relating to Legal Counsel at the regular meeting of October 23; that it is anticipated that the Public Comment meeting for the non - housing funds would be held at the regular meeting of November 27th and the I approval of the non - housing funds scheduled for the regular meeting of December 11, 2012. Special Oversight Board Meeting Minutes of October 12, 2012 I Motion by Board Member Williams, seconded by Board Member Oster to approve cancellation of the regularly scheduled meetings of November 13 and December 25, 2012, passed by unanimous vote. PUBLIC COMMENTS — NON - AGENDIZED ITEMS None STAFF COMMENTS City Attorney Leibold announced that the Request for Proposals for Legal Counsel Services to the Oversight Board was posted on the City's website and on the League of California Cities website and that 3 proposals had been received so far, with the closing date of Monday, October 15, 2012. Vice -Chair Schultz requested a calendar of upcoming deadlines relating to the Oversight Board be provided to the Board Members. Chairman Tisdale suggested the Oversight Board deadlines be provided in a format similar to the City's perpetual calendar and provided to the Board Members. City Attorney Leibold answered in the affirmative. OVERSIGHT BOARD MEMBER COMMENTS F1Board Member Lillibridge announced that she will be moving to a new School District and has offered to continue to sit on the Lake Elsinore Oversight Board; however, she wasn't sure what the School District would be doing about her appointed seat. She offered to keep staff informed. ADJOURNMENT There being no further business to come before the Oversight Board, Chairman Tisdale adjourned the meeting at 9:15 a.m. to the regularly scheduled meeting of October 23, 2012 at 3:30 p.m. to be held at the Cultural Center located at 183 N. Main Street in Lake Elsinore, CA. Brian Tis le, Chairman ST: Virginia JL010orn Oversight Board cretary F1