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Home My WebLink About3/3/2015 - RESOLUTIONS - 031 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 RESOLUTION NO. 031 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY, APPROVING AN AMENDMENT TO ROPS PERIOD 14-15A FUNDING. WHEREAS, pursuant to Section 34177(I) of the California Health & Safety Code, the Successor Agency prepared a Recognized Obligation Payment Schedule for the six-month period July to December 2014 ("ROPS 14-15K) and the six-month period January to June 2015 ('BOPS 14-1513"); and WHEREAS, ROPS 14-15A identified funding sources and amounts for each recognized obligation, including the property taxes payable with respect to Successor Agency- owned property for the Cork & Bottle property ("C&B Taxes"); and WHEREAS, the Oversight Board duly approved such schedule in February 2014; and WHEREAS, the ROPS 14-15A included the December 2014 installment of C&B Taxes of $1,400 on Line 48 and a reserve of $1,326 for the April 2015 installment of C&B Taxes on Line 49; and WHEREAS, the C&B Taxes for both installments total $2,821 and the request for funding both installments totals $2,726, resulting in a net funding shortfall of $95 in ROPS 14-15A; and WHEREAS, the Successor Agency has other funds on hand from interest income received in ROPS 14-15A; and WHEREAS, the Successor Agency is required to make a change to certain funding sources on the ROPS 14-15A as originally shown for the C&B Taxes; and WHEREAS, Section 34177(a)(4) of the California Health & Safety Code provides a mechanism for changing the funding source for a recognized obligation when the amount of the Successor Agency payment exceeds the original amounts authorized with the approval of the Oversight Board; and WHEREAS, the Successor Agency has requested the Oversight Board authorize the change in funding sources and amounts for the C&B Taxes; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. 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, jAPN 505-182-004), IN THE AMOUNT OF $195,561 PURSUANT TO SECTION 34191.5 (C) OF THE HEALTH AND SAFETY CODE." Resolution No. 031 Page 2 NOW THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY DOES RESOLVE, DETERMINE, FIND AND ORDER AS FOLLOW: SECTION 1: The above recitals are true and correct. SECTION 2: For ROPS 14-15A, the funding sources and the amounts shall be modified as follows: Original ROPS Approved Revised Line Item Funding Amount Amount Reserve for April 2015 Other 49 Installment of C&B Taxes Funds 0 95 SECTION 3: This Resolution shall be effective three (3) business days after adoption. PASSED, APPROVED AND ADOPTED BY THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM SPRINGS COMMUNITY REDEVELOPMENT AGENCY THIS 3RD DAY OF MARCH, 2015. QIj r7 OVE SI T R CHA ATTEST: �AMES THOMPSON, CLERWSECRETARY 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 Palm 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.paimspringsca.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. MES THOMPSON, CLERK/SECRETARY City Clerk, City of Palm Springs, California Resolution No. 031 Page 3 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) SS. CITY OF PALM SPRINGS ) I, James Thompson, Secretary of the Oversight Board of the Successor Agency for the Palm Springs Community Redevelopment Agency hereby certify that Resolution No. 031 was adopted by the Oversight Board at a Special Meeting held on the 3`d day of March, 2015, and that the same was adopted by the following vote: AYES: Boardmember Arthur, Boardmember Foat, Boardmember Marshall, Boardmember Ready, Boardmember VanHorn, and Vice Chair Howell. NOES: None. ABSENT: None. ABSTAIN: None. MES THOMPSON Oversight Board Clerk/Secretary City of Palm Springs, California