HomeMy WebLinkAbout08/17/12 OB MINUTESK,
3.
OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE
DISSOLVED BAKERSFIELD REDEVELOPMENT AGENCY
MINUTES
MEETING OF AUGUST 17, 2012
Conference Room A, City Hall North, 1600 Truxtun Avenue
Special Meeting 10:00 a.m.
SPECIAL MEETING - 10:00 a.m.
ROLL CALL
Present: Board Members Bentley, Burke
Burrow, Quiring, Tandy, Teglia
Absent: Board Member Vernon
PUBLIC STATEMENTS
None.
NEW BUSINESS
a. Minutes of the May 21, 2012 special meeting
Motion by Board Member Teglia, seconded by Board
Member Burrow for approval of the minutes.
b. Overview of Redevelopment Trailer Bill AB 1484
Deputy City Attorney Rudnick gave a staff report;
provided a PowerPoint presentation; and explained
that no action is required at this time.
Finance Director Smith responded to questions.
C. Recognized Obligation Payment Schedule
(BOPS) for the period from January 1, 2013
through June 30, 2013,
Finance Director Smith gave a staff report and
recommended the adoption of a Resolution
approving the new BOPS schedule.
Finance Director Smith and Economic Development
Director Kunz responded to questions of the Board.
Motion by Board Member Teglia, seconded by Board
Member Burke to adopt a Resolution of the Oversight
Board to the Successor Agency of the dissolved
Bakersfield Redevelopment Agency approving the
amended Recognized Obligation Payment Schedule
(BOPS) for the period of January 1, 2013 through
June 30, 2013.
ACTION TAKEN
APPROVED
AB VERNON
NO ACTION TAKEN
RES OB006 -12
APPROVED
AB VERNON
011
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Bakersfield, California, August 17, 2012 - Page 2
4. BOARD COMMENTS
ACTION TAKEN
Economic Development Director Kunz made
comments regarding her communications with the
State.
Chairperson Bentley asked question regarding
cities which had Redevelopment Agencies and have
filed bankruptcy.
Board Member Tandy and Economic Development
Director Kunz responded.
Board Member Teglia thanked Finance Director Smith
and his staff for their presentation and flexibility in
dealing with the changes coming from the State.
Finance Director Smith informed the Board that they
will need to meet for two meetings in the near future.
Smith stated that a due diligence review is being
required of the Oversight Board and that they will hire
an outside auditor to conduct the review of cash
balances to ensure that they do not have surplus
cash. The requirement is that the due diligence review
is to be completed by October 1, 2012. The Oversight
Board must hold a public hearing and take public
comment regarding the report. At least five days after
the hearing, the board must take action to approve
the report. The approval of the report and submittal to
the Department of Finance is to take place no later
than October 15, 2012.
Bentley asked that the Board receive notification on
the exact dates they will need to meet.
5. ADJOURNMENT
Chair Person Bentley adjourned the meeting at
10:41 a.m.
C IR of t e Oversight and to the
Suc essor Agency
ATTEST;
Acting SECRETARY