OB MIN 2016-05-12 - Laserfiche WebLink

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�� .� �� C�'��. � � �� R� � ;�z Oversight Board Members: Thu�sday, May 12, 2016 Mike Roberts, Chair-✓ 4:�� p.l'1'1. — 5:�0 p.t'Tl. Alicia Aguirre,Vice Chair- ✓ Steve Abbors-✓ City Hall Michael Callagy-Absent 1017 Middlefield Road Barbara Christensen- ✓ Redwood City, CA 94063 Deanna La Croix-✓ Conference Room 2B—Second Floor Enrique Navas- ✓ City Staff as Successor Agency Attendees: Aaron Aknin, Community Development Director- ✓ Melissa Stevenson Diaz, City Manager-Absent Alison Freeman, Financial Services Manager-Absent Carolyne Kerans,Senior Accountant- ✓ Starla Jerome-Robinson, interim Finance Director-✓ Veronica Ramirez,Assistant City Attorney- ✓ Steven Turner, Planning Manager—Absent Silvia Vonderlinden,City Clerk- ✓ Craig Labadie, Counsel to the Oversight Board- ✓ 1. Call to Order—Chair Roberts called the meeting to order at 4:01 p.m. Chair 2. Roll Call—Roll call as denoted above. Patrick 0'Keefe with Management Partners was introduced. Chair Attorney Labadie provided some opening remarks regarding the actions before the Oversight Board. 3. Public Comments—There was no public comment. NOTE: Speakers are limited to three minutes, unless modified by the Chairperson. The Board Chair cannot take action on any matter raised under this item. 4. Approval of Long Range Property Management Plan • Resolution No.OB-16-08 approving the Long Range Property Management Plan Mr. O'Keefe with Management Partners explained the deadline and the long range property management plan being proposed. He explained how the dissolution of the Redevelopment Agency impacted the properties and how there are two possible approaches. Mr. O'Keefe clarified that there was a deadline at the end of 2015 and so it is uncertain whether the department of Finance will accept this Plan. If the Plan does not get accepted there is option B that is also being presented. He said both plans cover our interests. Mr. O'Keefe then explained each of the properties in the Plan and the parcels. He provided specific details on each one. He added that three properties generate monthly revenues and Aaron Aknin shared a rough estimate of monthly expenditures. One Oversight Board Member inquired about the delay and Ms. Ramirez providing clarifying comments on the communications with the Department of Finance(DOF). One other Member noted that it will be the DOF's choice whether to accept the plan or not and Ms. Ramirez confirmed. Chair Roberts inquired about the intent behind the Long Range Management Plan and Attorney Labadie provided clarifying facts. M/S Abbors/Christensen to approve the resolution. Motion carried unanimously by those present.