Oversight Board - 01-10-2013 - Page 001IN
OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE WEST COVINA
REDEVELOPMENT AGENCY
AGENDA
West Covina City Council Chambers, 1st Floor
1444 West Garvey Avenue, West Covina, CA 91790
THU RSDAY, JANUARY 10, 2013
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
I CERTIFY THAT A COPY OF THE COUNCIL AGENDA FOR
THE MEETING OF / 1 icl /*AS POSTED IN
ACCORDANCE WITH THE 01/87 BROWN ACT AMENDMENT
DATED: 1171-201-71W
OFFICE OF THE CITY CLERK
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 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 and at www.westcovina.orgg. 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.
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I. CALL TO ORDER
A. Roll Call
ADJOURNED REGULAR MEETING
AGENDA
Thursday, January 10, 2013
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
B. Pledge of Allegiance
II. CHANGES TO THE 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.
Comments are limits to five (5) minutes per speaker.
IV. CONSENT CALENDAR
All matters listed on the 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.
A. Approval of Minutes (receive and file)
Regular meeting minutes of 08/23/2012
B. Department of Finance Correspondence
It is recommended that the Oversight Board to the Successor Agency of the West
Covina Redevelopment Agency receive and file this report.
ACTION ON CONSENT CALENDAR
Motion by second by
to approve all items listed on the Consent Calendar as presented
except
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V. 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 take the following actions:
1. Adopt the following resolution:
RESOLUTION NO. OB-0021 — A RESOLUTION OF THE OVERSIGHT
BOARD TO THE SUCCESSOR AGENCY OF THE WEST COVINA
REDEVELOPMENT AGENCY APPROVING THE ALL OTHER FUNDS
DUE DILIGENCE REVIEW PURSUANT TO HEALTH AND SAFETY
CODE SECTION 34179.6, SUBJECT TO CERTAIN ADJUSTMENTS AND
TAKING CERTAIN OTHER ACTIONS IN CONNECTION THEREWITH
2. Authorize the Successor Agency to adjust the amount of the shortfall available
for disbursement to affected taxing agencies as determined by the independent
auditors by $1,324,174 down to a shortfall of $1,083,989.
3. Authorize the Executive Director to submit the Due Diligence Review with
the adjustments to the Department of Finance and the County Auditor -
Controller on behalf of the Oversight Board.
B. Transfer of Assets at West Covina Parkway Plaza Shopping Center to the
City of West Covina
Recommended Action
Staff recommends that the Oversight Board to the Successor Agency of the West
Covina Redevelopment Agency adopt the following resolution:
RESOLUTION NO. OB-0020 - A RESOLUTION OF THE OVERSIGHT
BOARD TO THE SUCCESSOR AGENCY OF THE WEST COVINA
REDEVELOPMENT AGENCY APPROVING THE TRANSFER OF REAL
PROPERTY (ASSET) LOCATED AT THE WEST COVINA PARKWAY
PLAZA SHOPPING CENTER (8475-002-904) TO THE CITY OF WEST
COVINA
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VI. EXECUTIVE DIRECTORLSUCCESSOR AGENCY REPORTS
VIL STUDY SESSION
VIII. BOARD MEMBERS' COMMENTS
IX. CLOSED SESSION
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
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