Oversight Board - 11-11-2015 - Page 001OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE WEST COVINA
REDEVELOPMENT AGENCY
SPECIAL MEETING
AGENDA
West Covina City Hall
City Hall Council Chambers
1444 West Garvey Avenue, West Covina, CA 91790
WEDNESDAY, NOVEMBER 11, 2015
4:00 p.m.
Carrie A. Sutkin, Chairperson
Luzmaria Chavez, Board Member
Robert R. Gogh/an, Board Member
Mike Gregoryk, Board Member
_.Kelly_MeDonald, 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.
I COMFY THAT A COPY OF TH(EMenENDA FOR
THE MEETING OF 11 I1I1AS POSTEDIN
ACCORDANQE WITH THE 01/87 BROWN ACT AMENDMENT
SPECIAL MEETING
AGENDA
Wednesday, November 11, 2015
4:00 p.m.
I. CALL TO ORDER
A. Roll Call
Carrie A. Sutkin, Chairperson
Luzmaria Chavez, Board member
Robert R. Coghlan, Board Member
Mike Gregoryk, 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. BUSINESS ITEMS
A. Approval and Transmittal of an Amended Administrative Budget for the
Successor Agency to the Former West Covina Redevelopment Agency
and Recognized Obligation Payment Schedule "ROPS" Pursuant to
AB1X 26 and AB 1484 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 West
Covina Redevelopment Agency adopt the following resolutions:
RESOLUTION NO. OB-0040 — A RESOLUTION OF THE OVERSIGHT BOARD
TO THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT
AGENCY APPROVING THE REINSTATEMENT OF CERTAIN LOAN
AGREEMENTS BETWEEN THE CITY OF WEST COVINA AND THE FORMER
WEST COVINA REDEVELOPMENT AGENCY AS ENFORCEABLE
OBLIGATIONS
\Vest Covina Oversight Board Agenda
Agenda 11.11.15 PaQe 12
RESOLUTION NO. OB-0041 — A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY TO THE FORMER WEST COVINA REDEVELOPMENT
AGENCY APPROVING AND AUTHORIZING THE TRANSMITTAL OF AN AMENDED
ADMINISTRATIVE BUDGET FOR THE SUCCESSOR AGENCY TO THE FORMER
WEST COVINA REDEVELOPMENT AGENCY AND AN AMENDED RECOGNIZED
OBLIGATION PAYMENT SCHEDULE "ROPS" FOR THE PERIOD JANUARY 1, 2016
THROUGH JUNE 30, 2016
B. Transfer of Assets at Eastland/Lakes/Plaza West Covina to the City of West Covina
Recommendation
It is recommended that the Oversight Board to the Successor Agency of the West Covina
Redevelopment Agency adopt the following resolutions:
RESOLUTION NO. OB-0042 — A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT
AGENCY APPROVING THE TRANSFER OF REAL PROPERTY (ASSETS)
LOCATED AT EASTLAND SHOPPING CENTER (8451-012-907) TO THE CITY OF
WEST COVINA
RESOLUTION NO. OB-0043 — A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT
AGENCY APPROVING THE TRANSFER OF REAL PROPERTY (ASSETS) LAKES
OFFICE DEVELOPMENT (8474-011-942 & 943) TO THE CITY OF WEST COVINA
RESOLUTION NO. OB-0044 — A RESOLUTION OF THE OVERSIGHT BOARD TO
THE SUCCESSOR AGENCY OF THE WEST COVINA REDEVELOPMENT
AGENCY APPROVING THE TRANSFER OF REAL PROPERTY (ASSETS) PLAZA
WEST COVINA (8474-003-915, 918, 940 AND 8474-007-928, 929, 931,932,933, 934,
935 & 939) TO THE CITY OF WEST COVINA
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 11.11.15 Page 13