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HomeMy WebLinkAboutAGENDA - 01/07/2013 (2) POSTED AGENDA REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MONDAY, JANUARY 7, 2013 — 1:30 P.M. ADMINISTRATIVE CONFERENCE ROOM- PALM DESERT CIVIC CENTER 73-510 FRED WARING DRIVE, PALM DESERT, CALIFORNIA 92260 This Oversight Board has been created pursuant to§34161 through 34190 of the Health and Safety Code for the sole purpose of overseeing the actions of the Successor Agency to the Palm Desert Redevelopment Agency. In accordance with Health and Safety Code§34179(h), all Oversight Board actions shall not be effective for five(5) business days, pending a request for review by the State Department of Finance ("Department"). In the event that the Department requests a review of a given Oversight Board action,it shall have 40 days from the date of its request to approve the Oversight Board action or return it to the Oversight Board for reconsideration, and such Oversight Board action shall not be effective until approved by the Department. In the event that the Department returns the Oversight Board action to the Oversight Board for reconsideration, the Oversight Board shall resubmit the modified action for Department approval,and the modified Oversight Board action shall not become effective until approved by the Department. Reports and documents relating to each of the following items listed on the agenda, including those received following posting/distribution, are on file in the Office of the Secretary to the Successor Agency to the Palm Desert Redevelopment Agency/Palm Desert City Clerk and are available for public inspection during normal business hours, Monday - Friday, 8:00 a.m. - 5:00 p.m., 73510 Fred Waring Drive, Palm Desert, CA 92260, telephone (760) 346-0611. Please contact the Office of the Secretary of the Successor Agency to the Palm Desert Redevelopment Agency, 73510 Fred Waring Drive, Palm Desert, CA 92260, (760) 346-0611, for assistance with access to any of the Agenda, Materials, or participation at the meeting. I. CALL TO ORDER II. ROLL CALL III. ORAL COMMUNICATIONS A. Any person wishing to discuss any item not on the agenda may address the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency at this point by giving his/her name and address for the record. Remarks shall be limited to a maximum of three (3) minutes unless the Oversight Board authorizes additional time. B. This is the time and place for any person who wishes to comment on agenda items. It should be noted that at the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency's discretion,these comments may be deferred until such time on the agenda as the item is discussed. Remarks shall be limited to a maximum of three (3) minutes unless the Oversight Board authorizes additional time. POSTED AGENDA JANUARY 7, 2013 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY IV. APPROVAL OF MINUTES A. MINUTES of the December 3, 2012, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Rec: Waive further reading and adopt Resolution No. OB - 026, approving the Minutes of the December 3, 2012, Regular Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Action: V. NEW BUSINESS A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY. Rec: Waive further reading and adopt Resolution No. OB - 027, receiving and filing Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meeting of November 15, 2012. Action: B. REQUEST FOR APPROVAL OF THE DUE DILIGENCE REVIEW FOR THE NON-HOUSING FUND AND ACCOUNT BALANCES OF THE FORMER PALM DESERT REDEVELOPMENT AGENCY, AND OF ITS TRANSMITTAL IN ACCORDANCE WITH HEALTH AND SAFETY CODE SECTION 34179.5. Rec: 1) Waive further reading and adopt Resolution No. OB- 028, approving the Due Diligence Review for the Non-Housing Fund and Account Balances of the former Redevelopment Agency ("Other Funds DDR") conducted pursuant to Health and Safety Code Section 34179.5, as presented. 2) Authorize the Successor Agency to the Palm Desert Redevelopment Agency("Successor Agency")to retain the assets and funds, if any, identified in subparagraphs (B) to (E), inclusive, of paragraph (5) of subdivision (c) of Section 34179.5, as documented in the Other Funds DDR (the "Restricted Assets"). 3) Order the transmittal of the Other Funds DDR to the Department of Finance and the County Auditor-Controller. Action: 2 POSTED AGENDA JANUARY 7, 2013 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY C. RECEIVE AND FILE DEPARTMENT OF FINANCE DETERMINATION LETTER RELATIVE TO THE DUE DILIGENCE REVIEW FOR THE LOW- AND MODERATE-INCOME HOUSING FUND IN ACCORDANCE WITH HEALTH AND SAFETY CODE SECTION 34179.5. Rec: Waive further reading and adopt Resolution No. OB - 029, receiving and filing the Department of Finance Letter of Determination relative to the Due Diligence Review("DDR")for the Low-and Moderate-Income Housing Fund ("LMIHF") pursuant to Health and Safety Code Section 34179.5. Action: D. RECEIVE AND FILE DEPARTMENT OF FINANCE DETERMINATION LETTER RELATIVE TO THE THIRD RECOGNIZED OBLIGATION PAYMENT SCHEDULE ("ROPS3") FOR THE PERIOD OF JANUARY 1 - JUNE 30, 2013. Rec: Waive further reading and adopt Resolution No. OB - 030, receiving and filing the Department of Finance Letter of Determination relative to ROPS3. Action: VI. CONTINUED BUSINESS None VII. OLD BUSINESS None 3 POSTED AGENDA JANUARY 7, 2013 REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY VIII. REPORTS AND REMARKS A. CHAIR B. MEMBERS OF THE OVERSIGHT BOARD C. SUCCESSOR AGENCY EXECUTIVE DIRECTOR IX. ADJOURNMENT I hereby certify, under penalty of perjury under the laws of the State of California, that the foregoing agenda for the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency was posted on the City Hall bulletin board not less than 72 hours prior to the meeting. Dated this 28th day of December, 2012. -11-%10flakinigke-v",— Ra elle Klasseni ecr-~ry of the Successor Agency to the Palm Desert Redevelopment Agency 4