HomeMy WebLinkAbout6/30/2014 - MINUTES - 2014 OVERSIGHT BOARD
FOR THE SUCCESSOR AGENCY TO THE
PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY
SPECIAL MEETING MINUTES
Monday, June 30, 2014
CALL TO ORDER: Chair Flavin called the meeting to order at 4:00 p.m.
ROLL CALL:
PRESENT: Board Members Arthur, Marshall, Ready, Van Horn, Vice Chair
Howell and Chair Flavin.
ABSENT: Board Member Foat.
ALSO PRESENT: Clerk/Secretary Thompson and Geoffrey Kiehl, Director of Finance.
PLEDGE OF ALLEGIANCE: Board Member Howell led the Pledge.
ACCEPTANCE OF THE AGENDA:
ACTION: Accept the Agenda as presented. By unanimous consent of the Board.
PUBLIC COMMENT: None.
1. CONSENT CALENDAR: None.
2. UNFINISHED BUSINESS: None.
3. NEW BUSINESS:
3. A. APPROVING LOAN TO SUCCESSOR AGENCY IN THE AMOUNT OF
$1,500,000 TO PAY ENFORCEABLE OBLIGATIONS:
Geoffrey Kiehl, Director of Finance, provided background information as
outlined in the Board Report dated June 30, 2014.
The Board requested City Staff address the prior actions and appeal
process with the California Department of Finance.
ACTION: 1) Adopt Resolution No. 027, "A RESOLUTION OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM
SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING
THE AMENDED AND RESTATED LOAN AGREEMENT WITH THE CITY
OF PALM SPRINGS IN THE AMOUNT OF $1,500,000 FOR THE
PURPOSE OF PAYING ENFORCEABLE OBLIGATIONS FOR THE
PERIOD JANUARY 1, 2014 TO JUNE 30, 2014; 2) Direct the Clerk of the
Successor Agency to cause the execution of the Loan Agreement. Motion
Board Member Ready, seconded by Vice Chair Howell and
unanimously carried (6-0), noting the absence of Board Member
Foat.
BOARDMEMBER ITEMS, REQUESTS AND COMMENTS: None.
ADJOURNMENT: The Oversight Board adjourned at 4:09 p.m. The Board will not
conduct a regular meeting until such time as needed for business pursuant to law.
James Thompson, Clerk/Secretary