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SUMMARY MINUTES <br /> Oversight Board <br /> Monday, October 8, 2012 <br /> Members: 2:00 p.m. — 4:00 p.m. <br /> David Holland, Chair,Absent <br /> Mike Roberts,Vice Chair—Present City Hall <br /> Steve Abbors,Absent 1017 Middlefield Road <br /> Alicia Aguirre—Present Redwood City,CA 94063 <br /> Barbara Christensen—Present Conference Room 2B—Second Floor <br /> Blake Lyon—Present <br /> Enrique Navas,Absent <br /> City Staff as Successor Agency Attendees: <br /> Bob Bell,City Manager,Absent <br /> Bill Ekern, Community Development Director—Present <br /> Alison Freeman, Financial Services Manager— Present <br /> Brian Ponty, Finance Director/Assistant City Manager— Present <br /> Veronica Ramirez,Assistant City Attorney—Present <br /> Pamela Thompson, City Attorney,Absent <br /> Silvia Vonderlinden, City Clerk— Present <br /> Craig Labadie,Counsel to the Oversight Board,Absent <br /> 1. Call to Order—Vice Chair Roberts called the meeting to Order at 2:00 p.m. Chair <br /> 2. Roll Call— City Clerk Vonderlinden noted those present and absent. Chair <br /> 3. Public Comments—There was no public comment <br /> NOTE: Speakers are limited to three minutes, unless modified by the Chairperson. The Chair <br /> Board cannot take action on any matter raised under this item. <br /> 4. Public Comment Session on First Due Diligence Review <br /> Vice Chair Roberts asked for public comment—there was none. <br /> Mr. Ponty, noted that the City's auditor Badawi and Associates performed the due diligence <br /> review regarding the low and moderate income housing funds as required under AB 1484. <br /> He said there were no findings. Member Christensen had two questions for staff. One was <br /> regarding the report stating that bond issues were non-existent,when she knows there are grian Ponty <br /> bond issues. Mr. Ponty clarified that there are no bond issues relating to the low and <br /> moderate income housing funds. Secondly, she inquired about a property on Main Street. <br /> Mr. Ponty said that this property was bought through Community Development Grant Funds <br /> (CDBG)and that was the source for its funding and not the low and moderate income <br /> housing funds. So this was not part of this analysis. Ms. Christensen was satisfied. Mr. <br /> Ponty invited public comment, but there was none. He said the Board will act on this report <br /> at its meeting of October 15, 2012. <br /> 5. Tentative Agenda for Next Board Meeting—Mr. Ponty gave a brief update on these <br /> upcoming issues that will be addressed at the next meeting. There was confirmation that the <br /> next two meetings will be October 15 and November 15, 2012. Brian Ponty <br /> a. Due diligence review of LMIHF balances per AB1484 <br /> b. Report on Communications with the DOF <br /> (Ove�sight Board Binder Tab No. 3) <br /> 6. Oral Communications from the Successor Agency Contact Brian Ponty <br />