HomeMy WebLinkAboutMinutes-01-10-13-Adjourned Meeting Minutes of the Oversight Board to the Successor Agency to the Dissolved
Downey Community Development Commission
January 10, 2013 — Adjourned Regular Meeting
The Oversight Board to the Successor Agency to the Dissolved Downey Community
Development Commission held a Adjourned Regular Meeting at 1:00 p.m., January 10, 2013, in the Training Room, 2 nd Floor of Downey City Hall, 11111 Brookshire Avenue, Downey,
California.
PRESENT: Board Members:
Brian Saeki, City of Downey — Chair
Donald LaPlante, Downey Unified School District — Vice -Chair
Roger C. Brossmer, LA County Sanitation Districts #2 & #18
Ali Delawalla, Community Colleges
Jessica Flores, Downey Employee Association
EXCUSED:
Stephen W. Helvey, LA County Board of Supervisors, District 4
Frederick W. Latham, LA County Board of Supervisors, District 4
ALSO PRESENT:
Ed Velasco, Housing Manager, City of Downey
Adria M. Jimenez, Oversight Board Secretary
Maurina Lee, Finance Manager, City of Downey
Shally Lin, Consultant, City of Downey
3. PLEDGE OF ALLEGIANCE
The Flag Salute was led by Oversight Board Member Brossmer.
4. PUBLIC COMMENTS
Board Chair Saeki opened Public Comments. Having no one come forward Public
Comments was closed.
5. ADOPTED RESOLUTION NO. OB 13 -0012 A RESOLUTION OF THE OVERSIGHT
BOARD TO THE SUCCESSORY AGENCY TO THE DISSOLVED DOWNEY COMMUNITY
DEVELOPMENT COMMISSION APPROVING THE NON - HOUSING DUE DILIGENCE
REVIEW REPORT.
Mr. Velasco provided a staff report and advised that adopting this resolution would approve
the findings as noted in the DDR. It also directs Successor Agency staff to transmit the
report to the Department of Finance and the LA County Auditor Controller. Mr. Velasco
advised this is Part 2 of the DDR process that is required under the legislation for
redevelopment agencies. He noted in December the review for the housing portion was
approved by the Board.
Mr. Velasco advised that the report on page two provides a summary of what is included in
the report being transmitted to the Department of Finance (DOF) and LA County Auditor
Controller. He stated that the net balance ($134,035) from non - housing assets will be
returned and remitted to other entities. He advised that the recommendation is to approve
the DDR and authorize staff to transmit the report to both agencies.
It was moved by Board Member Brossmer, seconded by Board Member Delawalla and
carried 5 -2, with Board Members Helvey and Latham excused, to adopt the resolution.
Oversight Board — January 10, 2013 - 1 -
6. ADOPTED RESOLUTION NO. OB 13 -0013, A RESOLUTION OF THE OVERSIGHT
BOARD TO THE SUCCESSORY AGENCY TO THE DISSOLVED DOWNEY COMMUNITY
DEVELOPMENT COMMISSION DIRECTING THE TRANSFER OF HOUSING ASSETS TO
THE HOUSING SUCCESSOR.
Mr. Velasco provided a staff report on this item advising adoption of this resolution will direct
the Successor Agency to transfer the housing assets of the former Redevelopment Agency
to the Housing Successor. This item is needed in order to facilitate the advancement of The
View 50 -unit rental housing development. The investors and title companies require this
document to move the project forward.
Mr. Velasco advised that on August 1, 2012, the Successor Agency and Housing Successor
submitted a list of all housing assets to the DOF in the form prescribed by them. On January
4, 2013, we received a letter from DOF advising all items on the list were approved.
Vice -Chair La Plante asked about those persons listed as "Deferred Payment" in Exhibit D.
Chair Saeki advised the City will receive payment with either a sale of the home or transfer
of title, or when the loan is repayed.
It was moved by Board Member Brossmer, seconded by Board Member Flores and carried
5 -2, with Board Members Helvey and Latham excused, to adopt the resolution.
7. STAFF COMMENTS
Ms. Lin advised this is her last day working for the City and the Successor Agency. She
stated she enjoyed working with Downey and thanked the Board for the opportunity.
8. ADJOURNMENT: The meeting adjourned at 1:14 p.m.
ADRIA M. JIMENEZ, CMC BRIAN SAEKI
Oversight Board Secretary Oversight Board Chair
Oversight Board — January 10, 2013 - 2 -