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Home My WebLink About04A Prelim OB Minutes 04/09/2012D R A F T PRELIMINARY MINUTES D R A F T ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY MONDAY, APRIL 9, 2012 - 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 Paim Desert Redevelopment Agency. I n accordance with Health and Safety Code § 34179(h), ali Oversight Board actions shall not be effective forthree business days, pending a request for review by the State Department of Finance ("DepartmenY'). In the event that the Department requests a review of a given Oversight Board action, it shali have 10 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 shail not be effective untii 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 resubmitthe modified action for Department approval, and the modified Oversight Board action shall not become effective until approved by the Department. I. CALL TO ORDER Chair Spiegel convened the meeting at 1:32 p.m 11. ROLL CALL BY ilWERSI�HT BO�RD �N ��.�1 '�� 1 � �„�� - �� `']EItEFI�.D �Y �S'sS� Original on fi1e wid� City Clerk's 04£ice Present: Member Lisa Brandl (representing Riverside Co. Board of Supervisors) Member Heather Buck (Palm Desert RDA former Employee) Member Bill Carver (representing Riverside County) Member Edwin Deas (College of the Desert) Member Patricia A. Larson (representing Coachella Valley Water District) Chair Robert A. Spiegel (Mayor, City of Palm Desert) Absent: Member Peggy Reyes (representing Desert Sands Unified School District) Also Present: John M. Wohlmuth, Executive Director of the Successor Agency-Palm Desert RDA William L. Strausz, Richards, Watson 8� Gershon, Successor Agency Counsel Justin McCarthy, Assistant City Manager Paul S. Gibson, Finance Officer Janet M. Moore, Director of Housing Mark Greenwood, Director of Public Works Veronica Tapia, Accountant Martin Alvarez, Redevelopment Manager Lori Carney, Human Resources Manager David Hermann, Management Analyst/Public Information Officer Rachelle D. Klassen, Secretary, Successor Agency-Palm Desert RDA POSTED AGENDA D R A F T APRIL 9, 2012 ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY III. ORAL COMMUNICATIONS Member Carver heartily commended staff, particularly Ms. Tapia, for an excellent presentation of the Recognized Obligation Schedules (ROPS) in the agenda packet, making them very easy to understand in preparation for today's meeting. IV. APPROVAL OF MINUTES A. MINUTES of the March 14, 2012, Special Meeting of the Oversight Board of the Successor Agency to the Palm Desert Redevelopment Agency. Upon a motion by Member Larson, second by Member Carver, and 6-0 vote of the Oversight Board, with Member Reyes ABSENT, the Minutes were approved as presented. Due to the nature of the Continued Business item having a bearing on the remainder of today's order of business, with Oversight Board concurrence, Chair Spiegel suspended the agenda at this point in the meeting to take up Section VI. - Continued Business, Item A, followed by Section V. - New Business, Item B. Please see those portions of the Minutes, respectively, for resulting action. Immediately thereafter, the Board resumed with the agenda as presented. V. NEW BUSINESS A. ACTIONS/MINUTES OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY. Member Larson moved to receive and file Minutes of the Successor Agency to the Palm Desert Redevelopment Agency Meeting of March 8 and Preliminary of March 22, 2012. Motion was seconded by Member Carver and carried by 6-0 vote, with Member Reyes ABSENT. B. REQUEST FOR APPROVAL OF THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE SECOND SIX-MONTH PERIOD, JULY 1, 2012, THROUGH DECEMBER 31, 2012, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 (ROPS2). Member Larson moved to approve the Recognized Obligation Payment Schedule for the second six-month period of July 1, 2012, through December 31, 2012 (ROPS2). Motion was seconded by Member Buck and carried by 6-0 vote, with Member Reyes ABSENT. 2 POSTED AGENDA D R A F T APRIL 9, 2012 ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY C. RESOLUTION NO. SA-RDA 005 - A RESOLUTION OF THE SUCCESSOR AGENCYTOTHE PALM DESERT REDEVELOPMENTAGENCY, AUTHORIZING THE INVESTMENT OF MONIES IN THE LOCAL AGENCY INVESTMENT FUND (LAIF) OF THE STATE OF CALIFORNIA, AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH. Member Larson moved to approve investment of monies in the Local Agency Investment Fund (LAIF) - Resolution No. SA-RDA 005, as presented. Motion was seconded by Member Deas and carried by 6-0 vote, with Member Reyes ABSENT. D. PALM DESERT STATEMENT OF INVESTMENT POLICY, AS AMENDED. Member Larson moved to receive and file the Palm Desert Statement of Investment Policy, As Amended. Motion was seconded by Member Carver and carried by 6-0 vote, with Member Reyes ABSENT. E. CONTRACT NO. C27540A - WITH WHITE NELSON DIEHL EVANS LLP TO PERFORM A SPECIAL AUDIT OF THE PALM DESERT REDEVELOPMENT AGENCY AND PALM DESERT HOUSING AUTHORITY FOR THE PERIOD ENDED JANUARY 31, 2012. Member Larson moved to approve Contract No. C27540A as presented, subject to discussion with legal counsel and bond trustees about the necessity therefor. Motion was seconded by Member Deas and carried by 6-0 vote, with Member Reyes ABSENT. F. SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY CONFLICT OF INTEREST CODE PURSUANT TO THE POLITICAL REFORM ACT, GOVERNMENT CODE SECTIONS 81000, ET SEQ. Member Larson moved to receive and file the Successor Agency to the Palm Desert Redevelopment Agency Conflict of Interest Code pursuant to the Political Reform Act, Government Code Sections 81000, et seq. Motion was seconded by Member Brandl and carried by 6-0 vote, with Member Reyes ABSENT. 3 POSTED AGENDA D R A F T APRIL 9, 2012 ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY G. REQUEST FOR APPROVAL OF THE ADMINISTRATIVE BUDGETS FOR THE PERIODS OF JANUARY 31, 2012, THROUGH JUNE 30, 2012; AND FOR JULY 1, 2012, THROUGH DECEMBER 31, 2012. Member Larson moved to approve the Administrative Budgets as required under AB 1 X 26 for the periods of January 1, 2012, through June 30, 2012, and July 1, 2012, through December 31, 2012, as presented, with the understanding that the reimbursement for Administrative Costs included therein from the Administrative Costs Allowance shall not exceed the legal limit for the Administrative Costs Allowance and that the remainder must be paid from other funding sources. Motion was seconded by Member Brandl and carried by 6-0 vote, with Member Reyes ABSENT: H. REQUEST FOR APPROVAL OF REPAYMENT SCHEDULE TO THE PALM DESERT HOUSING AUTHORITY FORTHE OUTSTANDING LOAN FROM THE LOW AND MODERATE INCOME HOUSING FUND FOR THE 2009-2010 SUPPLEMENTAL EDUCATIONAL REVENUE AUGMENTATION FUND (SERAF) PAYMENT. Member Larson moved to approve the repayment schedule to the Palm Desert Housing Authority for the loan from the Low and Moderate Income Housing Fund for the 2009-2010 SERAF Payment. Motion was seconded by Member Buck and carried by 6-0 vote, with Member Reyes ABSENT. VI. CONTINUED BUSINESS A. REQUEST FOR APPROVAL OF THE UNCERTIFIED RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) (Continued from the meeting of March 14, 2012). Member Carver moved to approve the uncertified ROPS as presented. Motion was seconded by Member Brandl and carried by 6-0 vote, with Member Reyes ABSENT. VII. OLD BUSINESS None VIII. REPORTS AND REMARKS A. CHAIR Chair Spiegel thanked his colleagues for giving their time, goodwill, and good judgment to serve on Palm Desert's Oversight Board. 0 POSTED AGENDA D R A F T APRIL 9, 2012 ADJOURNED REGULAR MEETING OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY B. MEMBERS OF THE OVERSIGHT BOARD Member Larson echoed MemberCarver's remarks earlier in the meeting about the presentation of agenda materials, and she appreciated the verbal explanations and staff's patience in helping Board Members understand the items and their role in taking action on them. She said it was very helpful. IX. ADJOURNMENT With Oversight Board concurrence, Chair Spiegel adjourned the meeting at 2:29 p.m. ROBERT A. SPIEGEL, CHAIR ATTEST: RACHELLE D. KLASSEN, SECRETARY OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY 5