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HomeMy WebLinkAboutOB Min 2015-09-23Seal Beach, California September 23, 2015 The Oversight Board for the Successor Agency to the Seal Beach Redevelopment Agency met for the rescheduled regular meeting at 5:09 p.m. in the City Hall Conference room with Chair Meyer calling the meeting to order and leading the Salute to the Flag. ROLL CALL Present: Board Members: Jill R. Ingram, City of Seal Beach Alayna Hoang, City of Seal Beach Sandra Massa - Lavitt, OC Board of Supervisors Patricia Meyer, OC Department of Education Daniela Thompson, CA Community College District Jon Regnier, Special District (arrived at 5:15 p.m.) Successor Agency Staff: Victoria L. Beatley, Director of Finance Jim Basham, Director of Community Development Teresa Ho- Urano, Assistant City Attorney Tina Knapp, Acting City Clerk/Secretary ORAL COMMUNICATIONS Chair Meyer opened oral communications. Ariel Bedell, The Loftin Firm, provided a handout regarding the Seal Beach Shores Rental Assistance Funding Program and spoke about concerns regarding same. Steve Crichton, Board Member of Seal Beach Shores, spoke about concerns regarding refinancing. Christina Maiorana, representative from the management company for Seal Beach Shores, also spoke about concerns regarding refinancing. There being no additional speakers, Chair Meyer closed oral communications. BUSINESS MATTERS ITEM 1 / APPROVE MINUTES / February 26, 2015 Ingram moved, second by Massa - Lavitt, to approve the minutes of the Oversight Board meeting of February 26, 2015. AYES: Ingram, Hoang, Massa - Lavitt, Meyer, Thompson ABSENT: Regnier (arrived after vote taken) NOES: None Motion carried ITEM 2 / RESOLUTION NO. OB15 -03/ ADMINISTRATIVE BUDGET The Director of Finance provided the staff report for this item, reviewed the budget with the Board, and answered questions pertaining to legal fees and SB107. Massa - Lavitt moved, second by Ingram, to adopt Resolution No. 0615- 03 entitled "A RESOLUTION OF THE OVERSIGHT BOARD OF DIRECTORS Oversight Board for the Successor Agency Meeting Minutes — September 23, 2015 Page 1 FOR THE SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY APPROVING A PROPOSED ADMINISTRATIVE BUDGET FOR THE SIX -MONTH FISCAL PERIOD FROM JANUARY 1 THROUGH JUNE 30, 2016 AND TAKING CERTAIN RELATED ACTIONS ". AYES: Ingram, Hoang, Massa - Lavitt, Meyer, Thompson, Regnier NOES: None Motion carried ITEM 3 / RESOLUTION NO. OB15 -04 / RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) / 15 -16B The Director of Finance reviewed the ROPS with the Board. Hoang moved, second by Thompson, to adopt Resolution No. OB15 -04 entitled "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE SIX -MONTH FISCAL PERIOD FROM JANUARY 1, 2016 THROUGH JUNE 30, 2016, AND TAKING CERTAIN RELATED ACTIONS" AYES: Ingram, Hoang, Massa - Lavitt, Meyer, Thompson, Regnier NOES: None Motion carried ITEM 4 / SEAL BEACH SHORES UPDATE The Director of Finance provide a status update on this item and indicated that ensuring the allocated $180,000 in annual funding be property spent. The Director of Finance indicated that the regulatory and certification obligation requirements are mostly in compliance as required by the Regulatory and that Jack Wong & Associates was hired in partnership with the City of Seal Beach to audit the compliance of Seal Beach Shores. ADJOURNMENT With no objections, Chair Meyer adjourned the meeting at 5:45 p.m. to Tuesday, November 3, 2015, if deemed necessary. tChoir, *et B and Scant wt-y -0, (D, 3,a 10 Date Approved Attested: City Clerk/Board Secretary Oversight Board for the Successor Agency Meeting Minutes — September 23, 2015 Page 2