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Oversight Board - 08-23-2012 - Page 001_J OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT AGENCY AGENDA West Covina City Council Chambers 1444 West Garvey Avenue, West Covina, CA 91790 SPECIAL MEETING Thursday, August 23, 2012 4:00 p.m. Carrie A. Sutkin, Chairperson Michael Touhey, Vice Chairperson Luzmaria ChaveZ, Board Member Robert R. Coghlan, Board Member Mike Gregoryk, Board Member Gerry Hertzberg, Board Member Mike Lee, Board Member AMERICANS WITH DISABILITIES ACT The Board complies with the Americans with Disabilities Act (ADA). If you will need special assistance at Board Meetings, please call (626) 939-8433 (voice) or (626) 960-4422 (TTY) from 8 to 5 Monday through Thursday, at least 48 hours prior to the meeting to make arrangements. AGENDA MATERIAL Agenda material is available for review at the West Covina City Clerk's office, Room 317 in City Hall, 1444 W. Garvey Avenue, West Covina and at www.westcovina.orp,. Any writings or documents regarding any item on this agenda not exempt from public disclosure, provided to a majority of the Oversight Board that is distributed less than 72 hours before the meeting, will be made available for public inspection in the City Clerk's office, Room 317 of City Hall during normal business hours. PUBLIC COMMENT Any .member of the public may address the Board on items within the Board's subject matter jurisdiction during Public Comments. The Board may not take action on matters not listed on the posted agenda. If you would like to address the Board, please complete a Speaker Card and submit to the Board Secretary. All comments are limited to three (3) minutes per speaker. All speakers shall observe decorum and order as specified in the Rules of Procedure of the Oversight Board to the Successor Agency of the West Covina Redevelopment Agency. I CERTIFY THAT A COPY OF THE COUNCIL AGENDA FOR THE MEETING OF ?03Il"AS POSTED IN ACCORDANCE WITH THE 01187 BROWN ACT AMENDMENT DATED: YA a%l�' West Covina Oversight Board Agenda OFFICE OF THE CITY CLERK Page I 1 OB Agenda 08.23.12 Thursday, August 23, 2012 4:00 p.m. I. CALL TO ORDER: A. Roll Call -Carrie A. Sutkin, Chairperson -Michael Touhey, Vice Chairperson -Luzmaria Chavez, Board Member -Robert R. Coghlan, Board Member -Mike Gregoryk, Board Member -Gerry Hertzberg, Board Member -Mike Lee, Board Member B. Pledge of Allegiance II. CHANGES TO AGENDA: III. PUBLIC COMMENT: This is the time set aside for public comments. Please step forward to the podium and state your name and city of residence for the record when recognized by the Chairperson. IV. CONSENT AGENDA: All matters listed under CONSENT CALENDAR are considered to be routine and can be acted on by one roll call vote. There will be no separate discussion of these items unless members of the Oversight Board request a specific item to be removed from the Consent. Calendar for separate discussion or action. No Consent Agenda Items V. BUSINESS ITEM(S): A. Oversight Board Legal Services Recommended Actions It is recommended that the Oversight Board to the Successor Agency of the West Covina Redevelopment Agency adopt the following resolution: RESOLUTION NO. OB- - A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY TO THE WEST COVINA REDEVELOPMENT AGENCY APPROVING A RETAINER AGREEMENT WITH THE LAW FIRM OF HARPER & BURNS TO PROVIDE GENERAL COUNSEL SERVICES FOR THE OVERSIGHT BOARD TO THE SUCCESS AGENCY OF THE WEST COVINA REDEVELOPMENT AGENCY West Covina Oversight Board Agenda page 12 OR Agenda 0923.12 B. Cooperative Agreement Between the City of West Covina ("City") and Successor Agency to the West Covina Redevelopment Agency ("Successor Agency) for Advance and Reimbursement of Administrative, overhead and Other Expenses Recommended Actions It is recommended that the Oversight Board to the Successor Agency of the West Covina Redevelopment Agency adopt the following resolution: RESOLUTION NO. OB- - A RESOLUTION OF THE OVERSIGHT BOARD TO THE WEST COVINA REDEVELOPMENT AGENCY APPROVING THE COOPERATIVE AGREEMENT FOR THE ADVANCE AND REIMBURSEMENT OF ADMINISTRATIVE COSTS, ENFORCEABLE OBLIGATIONS, AND PROJECT RELATED EXPENSES ENTERED INTO BY AND BETWEEN THE CITY OF WEST COVINA AND THE SUCCESSOR AGENCY TO THE WEST COVINA REDEVELOPMENT AGENCY C. Consideration of the Schedule of Distribution of Future Tax Revenues (also Known as Recognized Obligation Payment Schedules "ROPS") and Successor Agency Administrative Budget Covering the Period of January 19 2013 through June 30, 2013 Recommended Action It is recommended that the Oversight Board review and approve Resolution No. OB-0011,- approving the Schedule of Distribution of Future Tax Revenues (also known as the Recognized Obligation Payment Schedules "ROP") and the Successor Agency Administrative Budget for the period January 1, 2013 through June 30, 2013. RESOLUTION NO. OB-0011 — A RESOLUTION OF. THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY FOR THE WEST COVINA REDEVELOPMENT AGENCY APPROVING A SCHEDULE OF DISTRIBUTION OF FUTURE TAX REVENUES, ALSO KNOW AS THE RECOGNIZED OBLIGATION BUDGET PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 FOR THE SIX-MONTH FISCAL PERIOD COMMENCING JANUARY 1, 2013 AND ENDING JUNE 30, 2013, AND TAKING CERTAIN ACTINS IN CONNECTION THEREWITH D. Update on Caltrans Condemnation of Properties Owned by the Former Redevelopment Agency. Recommended Action It is recommended that the Oversight Board receive and file this report. West Covina Oversight Board Agenda Page 13 OB Agenda 09.23.12 ,.n E. Update on New Legislation — Assembly Bill 1585 (Perez) The Oversight Board requested updates on new legislation. AB 1585 has recently been amended in the Senate on August 6, 2012 and August 13, 2012, while in committee was referred to the Senate Appropriations suspense file. Recommended Action This is an informational item only. No action is required. VI. EXECUTIVE DIRECTOR/SUCCESSOR AGENCY REPORTS A. Updates on Communications Between Successor Agency and Department of Finance. VII. STUDY SESSION No Items VIII. BOARD MEMBERS' COMMENTS IX. CLOSED SESSION No Items X. ADJOURNMENT Copies of staff reports or other written documentation, if any, relating to each item of business described above are on file in the West Covina City Hall, City Clerk's Office, 1444 West Garvey Avenue, West Covina, CA 91790, and are available for public inspection upon request during regular business hours of 8:00 a.m. to 5:30 p.m., Monday through Thursday. Should any person have a question concerning any of the above agenda items prior to the meeting described herein, he or she may contact Christopher J. Chung, Community Development Commission, either in person at the Community Development Commission Department at the West Covina City Hall, 1444 West Garvey Avenue, West Covina, CA 91790, or by calling via telephone at (626) 939-8401 during regular- business hours. - West Covina Oversight Board Agenda Page 14 nR Auendn 09.91.1?.