Oversight Board - 09-24-2015 - Page 001OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE WEST COVINA
REDEVELOPMENT AGENCY
AGENDA
West Covina City Hall
City Hall Council Chambers
1444 West Garvey Avenue, West Covina, CA 91790
THURSDAY, SEPTEMBER 24, 2015
4:00 p.m.
Carrie A. Sutkin, Chairperson
Luzmaria Chavez, Board Member
Robert R. Coghlan, Board Member
Mike Gregoryk, Board Member
Gerry Hertzberg, Board Member
Kelly McDonald, Board Member
David Stewart, 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 South and at www.westcovina.org . 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.
01/4),S1 6 r-Tr POAR D
I CERTIFY THAT A COPY OF THECNNerAGENDA FOR
THE MEETING OF9 z•if is-wAs POSTED IN
ACCORDANCE Wmi MEE 01/87 BROWN ACT AMENDMENT
OFgE OF 'T4
SPECIAL MEETING
AGENDA
Thursday, September 24, 2015
4:00 p.m.
I. CALL TO ORDER
A. Roll Call
Carrie A. Sutkin, Chairperson
Luzmaria Chavez, Board member
Robert R. Coghla.n, Board Member
Mike Gregoryk, Board member
Gerry Hertzberg, Board Member
Kelly McDonald, Board Member
David Stewart, 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 limited 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 Long-Range Property Management Plan for the West
Covina Successor Agency of the Former West Covina Redevelopment
Agency
Recommendation
It is recommended that the Oversight Board to the Successor Agency of the West
Covina Redevelopment Agency adopt the following resolution:
RESOLUTION NO. OB-0036 — A RESOLUTION OF THE OVERSIGHT BOARD
TO THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT
AGENCY APPROVING THE WEST COVINA SUCCESSOR AGENCY'S LONG
RANGE PROPERTY MANAGEMENT PLAN PURSUANT TO CALIFORNIA
HEALTH AND SAFETY CODE SECTION 34179.
West Covina Oversight Board Agenda
Agenda 09.24.15
Page 12
B. Loan Agreement concerning Litigation Fees incurred for the ROPS periods of
February 2012 to June 2012, July 2012 to December 2012, and January 2014 to June
2014 which exceeded the Litigation Cost Estimates for those Same Periods
Recommendation
It is recommended that the Oversight Board to the Successor Agency of the West Covina
Redevelopment Agency adopt the following resolution:
RESOLUTION NO. OB-0037 — A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT
AGENCY APPROVING THE LOAN AGREEMENT CONCERNING LITIGATION
FEES INCURRED FOR THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
PERIODS OF FEBRUARY 2012 TO JUNE 2012, JULY 2012 TO DECEMBER 2012,
AND JANUARY 2014 TO JUNE 2014 WHICH EXCEEDED THE LITIGATION COST
ESTIMATES FOR THOSE SAME PERIODS.
C. Revised amendment to Reimbursement Agreement for the Renewal of the Letter of
Credit for the 1999 Tax Allocation Bonds
Recommendation
It is recommended that the Oversight Board to the Successor Agency of the former West
Covina Redevelopment Agency adopt the following resolution:
RESOLUTION NO:OB=0038 — A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE FORMER WEST COVINA
REDEVELOPMENT AGENCY AUTHORIZING THE EXECUTION AND
DELIVERY BY THE AGENCY OF A FIRST AMENDMENT TO REIMBURSEMENT
AGREEMENT AND THE TAKING OF CERTAIN ACTIONS IN CONNECTION
THEREWITH.
D. Approval and Transmittal of an Administrative Budget for the Successor Agency to
the Former West Covina Redevelopment Agency and a Recognized Obligation
Payment Schedule "ROPS" Pursuant to AB1X 26 for the Period of January 1,2016
through June 30, 2016
Recommendation
It is recommended that the Oversight Board to the Successor Agency of the Former West
Covina Redevelopment Agency adopt the following resolution:
RESOLUTION NO. OB-0039 — A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT
AGENCY APPROVING AND AUTHORIZING THE TRANSMITTAL OF AN
ADMINISTRATIVE BUDGET FOR THE SUCCESSOR AGENCY TO THE FORMER
WEST COVINA REDEVELOPMENT AGENCY AND A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE "ROPS" FOR THE PERIOD JANUARY 1,
2016 THROUGH JUNE 30, 2016, PURSUANT TO ASSEMBLY BILL 1X 26 (AB1X
26).
West Covina Oversight Board Agenda
Agenda 09.24.15 Page 13
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 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 Paulina Morales, Senior Project Manager, either
in person in the Community Development Commission Office at West Covina City Hall, 1444
West Garvey Avenue, West Covina, CA 91790, or by calling via telephone at (626) 939-8417
during regular business hours.
West Covina Oversight Board Agenda
Agenda 09.24.15 P age 14