AgdaPkt 2012-03-19 - Laserfiche WebLink

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6.3.D. - Page 1 REPORT To the Honorable Mayor and City Council From the Mayor March 19, 2012 SUBJECT Confirm Mayor's appointment of two members to the redevelopment dissolution Oversight Board. RECOMMENDATION Adopt resolution confirming the Mayor's appointment of two members to the redevelopment dissolution Oversight Board. (Attachment 1) BACKGROUND On January 23, 2012, the Council adopted a resolution confirming that the City of Redwood City would serve as the Successor Agency ( "Successor Agency ") to the dissolved Redevelopment Agency ( "RDA ") of Redwood City effective February 1, 2012. Each successor agency will have an Oversight Board composed of seven members by May 1, 2012. The Mayor appoints two Oversight Board members including one that represents the former Redevelopment Agency employees. The remaining five members are as follows: 1. A Board of Supervisor, 2. A member from the public appointed by the Board of Supervisor, 3. The largest special district by property tax share with territory in the territorial jurisdiction of the former redevelopment agency, 4. The County Superintendent of Education, and 5. The Chancellor of the California Community Colleges. The Oversight Board will oversee the City acting as the Successor Agency to the former Redevelopment Agency. The actions of the Oversight Board are described below; however, they shall not be effective for three business days, pending a request for review by the State Department of Finance ( "DOF "). Once a request is made, the DOF has ten days from the date of the request to approve the Oversight Board action or to return it to the Oversight Board for reconsideration. 1. Select a chairperson and report the names of the members and the chair to the State Department of Finance by May 1, 2012;