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Home My WebLink About3/3/2015 - MINUTES - 2015 OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY CALL AND NOTICE OF SPECIAL MEETING TO: Vice Chair Lisa Howell Board Member Julie Arthur Board Member Ginny Foat Board Member Heidi Marshall Board Member David Ready Board Member Cathy Van Horn NOTICE IS HEREBY GIVEN, that the Oversight Board for the Successor Agency to the Palm Springs Community Redevelopment Agency will conduct a Special Meeting commencing at 8:30 A.M., TUESDAY, MARCH 3, 2015, in the Council Chamber, City Hall, 3200 East Tahquitz Canyon Way, Palm Springs, to discuss items on the Special Meeting Agenda. SPECIAL MEETING AGENDA Tuesday, March 3, 2015 8:30 a.m. City Hall Council Chamber 3200 E. Tahquitz Canyon Way, Palm Springs, California CALL TO ORDER: ROLL CALL: PLEDGE OF ALLEGIANCE: ACCEPTANCE OF THE AGENDA: PUBLIC COMMENT: This time has been set aside for members of the public to address the Oversight Board on Consent Calendar and other agenda items; and items of general interest within the subject matter jurisdiction of the Board. Although the Oversight Board values your comments, pursuant to the Brown Act, it generally cannot take any action on items not listed on the posted agenda. Five (5) minutes assigned for each speaker. 1. CONSENT CALENDAR: I.A. APPROVING AN AMENDMENT TO RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) PERIOD 14-15A FUNDING: RECOMMENDATION: Adopt Resolution No. 31, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING AN OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY SPECIAL MEETING MINUTES Tuesday, March 3, 2015 CALL TO ORDER: Vice Chair Howell called the meeting to order at 8:33 a.m. ROLL CALL: PRESENT: Board Members Arthur, Foat, Marshall, Ready, Van Horn, and Vice Chair Howell. ABSENT: None. ALSO PRESENT: Clerk/Secretary Thompson, John Raymond, City of Palm Springs Community and Economic Development Director, and Geoffrey Kiehl, City of Palm Springs Director of Finance. PLEDGE OF ALLEGIANCE: Board Member Arthur led the Pledge. ACCEPTANCE OF THE AGENDA: ACTION: Accept the Agenda as presented. By unanimous consent of the Oversight Board (6-0). PUBLIC COMMENT: None. 1. CONSENT CALENDAR: ACTION: Approve Items 1.A. and 1.13. Motion Board Member Foat, seconded by Board Member Marshall and unanimously carried (6-0). 1.A. APPROVING AN AMENDMENT TO RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) PERIOD 14-15A FUNDING: ACTION: Adopt Resolution No. 31, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING AN AMENDMENT TO RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) PERIOD 14- 15A FUNDING." Approved as part of the Consent Calendar. 1. B. APPROVE A REPAYMENT SCHEDULE FOR LOANS AND FROM THE FORMER REDEVELOPMENT AGENCY'S LOW AND MODERATE INCOME HOUSING FUND AND DEFERRAL OF DEPOSITS THERETO: ACTION: Adopt Resolution No. 32, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING A REPAYMENT SCHEDULE FOR LOANS AND FROM THE FORMER REDEVELOPMENT AGENCY'S LOW AND MODERATE INCOME HOUSING FUND AND DEFERRAL OF DEPOSITS THERETO." Approved as part of the Consent Calendar. 2. UNFINISHED BUSINESS: None. Oversight Board Agenda Tuesday, March 3, 2015 Page 2 AMENDMENT TO RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) PERIOD 14-15A FUNDING." 1. B. APPROVE A REPAYMENT SCHEDULE FOR LOANS AND FROM THE FORMER REDEVELOPMENT AGENCY'S LOW AND MODERATE INCOME HOUSING FUND AND DEFERRAL OF DEPOSITS THERETO: RECOMMENDATION: Adopt Resolution No. 32, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING A REPAYMENT SCHEDULE FOR LOANS AND FROM THE FORMER REDEVELOPMENT AGENCY'S LOW AND MODERATE INCOME HOUSING FUND AND DEFERRAL OF DEPOSITS THERETO." 2. UNFINISHED BUSINESS: None. 3. NEW BUSINESS: 3.A. APPROVE THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 15-16A) FOR THE PERIOD OF JULY 1, 2015, THROUGH DECEMBER 31, 2015, PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH & SAFETY CODE: RECOMMENDATION: Adopt Resolution No. 33, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 15-16A) FOR THE PERIOD OF JULY 1, 2015, THROUGH DECEMBER 31, 2015, PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH & SAFETY CODE." 3.B. APPROVE THE PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS WITH RICHARD MEANEY AND YOKANG ZHOU FOR A SUCCESSOR AGENCY-OWNED PROPERTY LOCATED AT 1479 NORTH PALM CANYON DRIVE IN THE AMOUNT OF $195,561 PURSUANT TO SECTION 34191.5 (C) OF THE HEALTH AND SAFETY CODE: RECOMMENDATION: Adopt Resolution No. 34, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS WITH RICHARD MEANEY AND YOKANG ZHOU FOR A SUCCESSOR AGENCY- OWNED PROPERTY LOCATED AT 1479 NORTH PALM CANYON DRIVE, (APN 505-182-004), IN THE AMOUNT OF $195,561 PURSUANT TO SECTION 34191.5 (C) OF THE HEALTH AND SAFETY CODE." Oversight Board Minutes Tuesday, March 3, 2015 Page 2 3. NEW BUSINESS: 3.A. APPROVE THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 15-16A) FOR THE PERIOD OF JULY 1, 2015, THROUGH DECEMBER 31, 2015, PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH & SAFETY CODE: John Raymond, City of Palm Springs, Director of Community and Economic Development, provided background information as outlined in the Board Report dated February 26, 2015. The Board discussed and/or commented on the following: the Department of Finance position on unexpended bond proceeds. ACTION: Adopt Resolution No. 33, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 15-16A) FOR THE PERIOD OF JULY 1, 2015, THROUGH DECEMBER 31, 2015, PURSUANT TO SECTION 34169(g)(1) OF CALIFORNIA HEALTH & SAFETY CODE." Motion Board Member Marshall, seconded by Board Member Van Horn and unanimously carried (6-0). 3.6. APPROVE THE PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS WITH RICHARD MEANEY AND YOKANG ZHOU FOR A SUCCESSOR AGENCY-OWNED PROPERTY LOCATED AT 1479 NORTH PALM CANYON DRIVE IN THE AMOUNT OF $195,561 PURSUANT TO SECTION 34191.5 (C) OF THE HEALTH AND SAFETY CODE: John Raymond, City of Palm Springs, Director of Community and Economic Development, provided background information as outlined in the Board Report dated February 26, 2015. The Board discussed and/or commented on the following: the basis of the valuation of the property. ACTION: Adopt Resolution No. 34, "A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING THE PURCHASE AND SALE AGREEMENT AND ESCROW INSTRUCTIONS WITH RICHARD MEANEY AND YOKANG ZHOU FOR A SUCCESSOR AGENCY-OWNED PROPERTY LOCATED AT 1479 NORTH PALM CANYON DRIVE, (APN 505- 182-004), IN THE AMOUNT OF $195,561 PURSUANT TO SECTION 34191.5 (C) OF THE HEALTH AND SAFETY CODE." Motion Board Member Arthur, seconded by Board Member Marshall and unanimously carried (6-0). Oversight Board Agenda Tuesday, March 3, 2015 Page 3 3.C. ELECTION OF CHAIRPERSON AND VICE-CHAIRPERSON: RECOMMENDATION: 1) Elect an Oversight Board Member to serve as Chairperson, and 2) Elect an Oversight Board Member to serve as Vice- Chairperson. BOARDMEMBER ITEMS, REQUESTS, AND COMMENTS: ADJOURNMENT: PUBLIC NOTICES The City of Palri Springs Council Chamber is accessible to persons with disabilities. It is the intention of the City of Palm Springs to comply with the Americans with Disabilities Act (ADA) in all respects. If, as an attendee or a participant at this meeting, or in meetings on a regular basis, you will need special assistance beyond what is normally provided, the City will attempt to accommodate you in every reasonable manner. Please contact the Office of the City Clerk, (760) 323-8204, at least 72 hours prior to the meeting to inform us of your particular needs and to determine if accommodation is feasible. Pursuant to G.C. Section 54957.5(b)(2) the designated office for inspection of records in connection with the meeting is the Oversight Board Clerk/Secretary, Office of the City Clerk, City Hall, 3200 E. Tahquitz Canyon Way. Complete Agenda Packets are available for public inspection at: City Hall, Office of the City Clerk. Agenda and staff reports are available on the City's website www.palmspringsca.gov. If you would like additional information on any item appearing on this agenda, please contact the Office of the City Clerk at (760) 323-8204. Any person who wishes to speak regarding an item on the agenda or on a subject within the Oversight Board's jurisdiction during the "Public Comments" portion of the agenda must file a "Speaker Card" with the Clerk/Secretary BEFORE that portion of the agenda is called. Although the Oversight Board values your comments, pursuant to the Brown Act, it generally cannot take any action on items not listed on the posted agenda. AFFIDAVIT OF POSTING AND NOTICE State of California ) County of Riverside ) ss. City of Palm Springs ) I, JAMES THOMPSON.. City Clerk of the City of Palm Springs, California, hereby certify this Special Meeting Agenda was posted at Palm Springs City Hall, 3200 E. Tahquitz Canyon Way, on or before 4:30 p.m., Friday, February 27, 2015, and posted on the Oversight Board/City of Palm Springs website, as required by established policies and procedures. 5;M'E-S THOMPSON, CLERIV ECRETARY City Clerk, City of Palm Springs, California Oversight Board Minutes Tuesday, March 3, 2015 Page 3 3.C. APPOINTMENT OF CHAIRPERSON AND VICE-CHAIRPERSON: ACTION: 1) Appoint Vice Chair Howell to serve as Chairperson; and 2) Appoint Board Member Van Horn to serve as Vice-Chairperson. By unanimous consent of the Oversight Board (6-0). BOARDMEMBER ITEMS, REQUESTS, AND COMMENTS: None. ADJOURNMENT: The Oversight Board adjourned at 8:44 a.m. The Board will not conduct a regular meeting until such time as needed for business pursuant to law. mes Thompson, Clerk/Secretary