OB Min 2012-05-01 - Laserfiche WebLink

Browse Search

Heller and the site remediation. Motion carried unanimously. M/S Christensen/Abbors to approve item #14 the Housing Endowment Funding Trust. Motion carried unanimously. M/S Lyon/Aguirre to approve item #15. Motion carried unanimously. M/S Navas/Christensen to approve item #16 pending determination whether this will be part of the Administrative Costs. Motion carried unanimously. M/S Christensen/Abbors/ to approve items 17, 18, 19, 20 and leave them in the ROPS as placeholders. Motion carried unanimously. M/S Christensen/Navas to approve item #21 relating to the audit of the Redevelopment Agency. Motion carried unanimously. Mr. Ponty said that on page two no action is required by the Board since these are Pass Through payments. Ms. Ramirez said these are contractual agreements. M/S Christensen/Navas to approve items #1 through #9 on page two. Motion carried unanimously. On item #10 Ms. Ponty was asked to provide a synopsis of the prior discussion.This is the last payment to the Legal Aid Society. M/S Christensen/Aguirre on item #10. Motion carried unanimously. On Page #3 staff asked that the Board approve a Successor Agency Administrative Cost Allowance of$250.000. Mr. Navas asked what would happen if the determination items from page one would fall under here. Mr. Ponty said that the other items would have to come out of the general fund and place more obligations on the City. M/S Navas/Abbors to approve the item on page #3. Motion carried unanimously. VI. Set Date and Agenda for Next Board Meeting There was a suggestion to have one regular meeting a month. There was some discussion about dates and days that would work. The Third Thursday of the month seemed to be good days for the majority. The Oversight Board approve the following dates for its next meetings: • June 21 at 2:00 p.m. at the Redwood Shores Library • July 19 at 2:00 p.m. at the Redwood Shores Library • August 16 at 2:00 p.m. at the Redwood Shores Library Brian Ponty The Chair said that items for the next agenda should be sent to him. There was a question about placing the former RDA audit onto the next agenda. Mr. Ponty said that the Board is free to look at the audit, but the County Controller will issue a final report in July. Mr. Abbors wanted detailed financial sheets for various funds to see where the money is coming from. Mr. Ponty said that the detailed financials have been provided. Mr. Ponty provided a Flow of Funds under AB1 X 26 and explained the items, but no action was taken on the matter. He said that there are some arithmetic issues that are unresolved. VII. Oral Communications from the Successor Agency Contact (addressed ear/ier) Brian Ponty a. Update from State Department of Finance Brian Ponty b. Update on Audit Pamela Thompson c. Update on Legal Expenses