Oversight Board - 10-11-2012 - Page 001OVERSIGHT 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, October 11, 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.or . 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 five (5) 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.
West Covina Oversight Board Agenda
OB Agenda 10.11.12
I CER I FT THAT A COPY OF THE COUNCIL AGENDA FOR
,THE MEETING OF/O/ // 1/2,WAS POSTED IN
ACCORDAN6 /0 1 w�H THE 017 BROWN ACT AMENDMENT
DATED: 1
OFFICE OF CITY CLERK Page
•
Thursday, October 11, 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:
If you wish to address the Oversight Board during this Special Meeting, you may only
address the Board concerning the item(s) that has been described in the notice for this
special meeting. (Government Code Section 54954.3(a).
Please step forward to the podium and state your name and city of residence for the
record when recognized by the Chairperson.
IV. BUSINESS ITEM(S):
A. Due Diligence Review
Recommended Actions
It is recommended that the Oversight Board to the Successor Agency of the West
Covina Redevelopment Agency:
Approve Resolution OB-0016
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE WEST
COVINA REDEVELOPMENT AGENCY APPROVING THE LOW
AND MODERATE INCOME HOUSING FUND DUE DILIGENCE
REVIEW PURSUANT TO HEALTH AND SAFETY CODE SECTION
34170.6, SUBJECT TO CERTAIN ADJUSTMENTS AND TAKING
CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
West Covina Oversight Board Agenda Page 12
OB Agenda 10.11.12
2. Authorize the Successor Agency to delete the amount of $1,522,889
necessary for retention to fund enforceable obligation (the amount listed
on the Revised Exhibit 3 of the White Nelson Diehl Evans Report)
pursuant to Health and Safety Code Sections 34179.6(c) and
34179.5(c)(5)(D) and (E)
3. Authorize the Executive Director to transmit the Due Diligence Review
with the adjustment to the Department of Finance and the County Auditor -
Controller on behalf of the Oversight Board.
V. BOARD MEMBERS' COMMENTS
VI. 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 9 1-790,
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 13
OB Agenda 10.11.12