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HomeMy WebLinkAboutMIN 2017 0124 OB SPC MINUTES OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK Moorpark, California January 24, 2017 A Special Meeting of the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Moorpark was held on January 24, 2017, in the Community Center of said City located at 799 Moorpark Avenue, Moorpark, California. 1. CALL TO ORDER: Chairperson Hamous called the meeting to order at 3:32 p.m. 2. PLEDGE OF ALLEGIANCE: Board Member Tom Kasper led the Pledge of Allegiance. 3. ROLL CALL: Present: Board Members Driscoll, Kasper, Melby, Parvin, Priestley, and Chairperson Hamous. Absent: Board Member Burgh. Staff Present: Steven Kueny, Executive Director; Ron Ahlers, Finance Director; and Blanca Garza, Deputy City Clerk. 4. PUBLIC COMMENT: None. 5. REORDERING OF, AND ADDITIONS TO, THE AGENDA: None. 6. PRESENTATION/ACTION/DISCUSSION: A. Consider Resolution Approving the Successor Agency's Execution and Delivery of a Bond Proceeds Funding Agreement and Taking Related Actions. Staff Recommendation: Adopt Resolution No. OB-2017-105, approving the Successor Agency's execution and delivery of the Bond Proceeds Funding Agreement and taking related actions. ROLL CALL VOTE REQUIRED (Staff: Ron Ahlers) Minutes of the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Moorpark California Page 2 January 24, 2017 Mr. Ahlers gave the staff report and noted this Special meeting was called to consider the agreement which is requested to be submitted to the Department of Finance along with the Recognized Obligation Payment Schedule (ROPS) which was already submitted. This agreement will allow for the transfer of the remaining bond proceeds to be transferred to the City of Moorpark as well as all remaining balances and properties. This will allow for better administration and transfer of the proceeds which all will be included and spent in accordance with the bond covenants. The two minor changes were to the page 1, by removing "January" as the commencement month and a second change to page 3, to reflect the ROPS has already been submitted. In response to Chairperson Hamous, Mr. Ahlers and Mr. Kueny stated the bond proceeds will most likely be used for various capital improvement projects which will be submitted in a report to the Council, these projects will include various safety and pedestrian projects in the downtown area and High Street for various projects related to safety and street work, streetscape, and sidewalk improvements in other parts of the project area. There were no speakers. MOTION: Board Member Parvin moved and Board Member Melby seconded a motion to adopt Resolution No. OB-2017-105, approving the Successor Agency's execution and delivery of the Bond Proceeds Funding Agreement and taking related actions. The motion carried by roll call vote 6-0, Board Member Burgh absent. 7. CONSENT CALENDAR: None. 8. ANNOUNCEMENTS AND FUTURE AGENDA ITEMS: A. Announcements. None. B. Future Agenda Items. None. Minutes of the Oversight Board to the Successor Agency of the Redevelopment Agency of the City of Moorpark California Page 3 January 24, 2017 9. ADJOURNMENT: MOTION: Board Member Parvin moved and Chair Hamous seconded a motion to adjourn the meeting. The time was 3:39 p.m. The motion carried by voice vote 6-0, Board Member Burgh absent. i it ALS ruce Hamous, Chairperson ATTEST: Maureen Benson, City Clerk