HomeMy WebLinkAbout02/25/13 OB MINUTES011
OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE
DISSOLVED BAKERSFIELD REDEVELOPMENT AGENCY
MINUTES
MEETING OF FEBRUARY 25, 2013
Conference Room A, City Hall North, 1600 Truxtun Avenue
Special Meeting 2:00 p.m.
SPECIAL MEETING - 2:00 p.m. ACTION TAKEN
1. ROLL CALL
Present: Chairperson Bentley, Board Members
Burke, Jay, Quiring, Tandy, Teglia
Absent: Board Member Burrow
2. PUBLIC STATEMENTS
None.
3. NEW BUSINESS
a. Minutes of the October 15, 2012 special
meeting.
Motion by Board Member Jay, seconded by APPROVED
Board Member Teglia for approval of the AB BURROW
minutes.
b. Update on the Meet and Confer Process
with Department of Finance and Litigation.
Deputy City Attorney Rudnick made staff
comments.
Board Member Tandy made additional
comments.
Motion by Board Member Jay, seconded by APPROVED
Board Member Tandy, to receive and file AB BURROW
the staff report.
015
3.
Bakersfield, California, February 25, 2013 — Page 2
NEW BUSINESS continued
c. Recognized Obligation Payment Schedule
(ROPS 13-14 A) for the period from July 1, 2013
through December 31, 2013.
Finance Director Smith made staff comments
and recommended the adoption of the
Recognized Obligation Payment Schedule as
presented.
Motion by Board Member Burke, seconded
by Board Member Quldng, to adopt a
Resolution approving the Recognized
Obligation Payment Schedule for the period
from July 1, 2013 through December 31, 2013.
4. BOARD COMMENTS
In response to Board Member Jay's question, Board
Member Tandy stated that the City attends the
California League of Cities meetings and other
webinar seminars that are keeping them current on
issues including a shared litigation report that includes
all those who have sued the State of California and
what the issues are.
Chairperson Bentley asked how many years litigation
might take to be completed.
Deputy City Attorney Rudnick responded that each
case is different and that the RDA Laws have directed
all lawsuits to be filed in Sacramento Superior Court.
Board Member Tandy estimated that a very optimistic
scenario for litigation might run at 6 months to a year
but that it could take as long as four or five years.
Board Member Jay asked what kind of an impact will
the shortfall have on the City?
Board Member Tandy explained that as long as the
RDA and Arena debt is not resolved, it will come out of
the City's General Fund. Ultimately, the rates for inter-
city departments would be raised if the loans have to
be written off. If the City does not meet the State's
deadlines on the housing projects along Mill Creek,
they could ask for a repayment of the $11 million
infrastructure grant that the City received.
•Z Mh,
RES 08001 -13
APPROVED
AS BURROW
Bakersfield, California, February 25, 2013 — Page 3
5. ADJOURNMENT ACTION TAKEN
Chair Person Bentley adjourned the meeting at
2:25 p.m.
CH R of he vers' t Board to the
Successor Agency
ATTEST:
A ting SECRETARY
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Bakersfield, Ca, February 25, 2013 -Page
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