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MINUTES SPECIAL MEETING OF THE OVERSIGHT BOARD OF THE EL CERRITO REDEVELOPMENT SUCCESSOR AGENCY Wednesday, March 6, 2013 7:00 p.m. El Cerrito City Council Chambers 10890 San Pablo Avenue El Cerrito CA, 94530 1. Call to Order Chair Jones convened the special meeting at 7:05 p.m. 2. Roll Call Present: Directors Kronenberg, Myall, Potter, Solseng and Chair Jones Absent: Directors Dotson and Friedman 3. Board/Staff Communications - None 4. Public Comment – No speakers. 5. New Business Items A. Approval of Minutes Approve the February 26, 2013 Oversight Board of the El Cerrito Redevelopment Successor Agency special meeting minutes. Action: Moved, seconded (Kronenberg/Solseng; Ayes – Directors Kronenberg, Myall, Potter, Solseng and Chair Jones; Noes – None; Absent – Directors Dotson and Friedman) and carried to approve the February 26, 2013 minutes. B. Consideration of Due Diligence Reviews of the Housing and Non-Housing Funds Adopt resolutions approving: 1) The Independent Accountant’s Report on applying agreed upon procedures on the low and moderate income housing funds of the former El Cerrito Redevelopment Agency; and 2) The Independent Accountant’s Report on applying agreed-upon procedures on the Successor Agency to the El Cerrito Redevelopment Agency, excluding low and moderate income housing funds, both prepared as prescribed by Section 34179.5 of the California Health and Safety Code. Agenda Item No. 5(A) ---PAGE BREAK--- Presenter: Lori Treviño, Economic Development Manager, noted that the resolutions in the packet had been revised after the agenda packet went to print to include an additional whereas clause. Ms. Treviño also clarified the reporting and mis-categorization of $176,000 in housing funds which were actually redevelopment property tax funds. These funds have been spent and cannot be clawed back by the State. The housing report was amended. Chair Jones asked if staff had received any written comments on this item. Oversight Board Secretary Cheryl Morse confirmed that no written comments had been received. Actions: Moved, seconded (Myall/Kronenberg; Ayes – Directors Kronenberg, Myall, Potter, Solseng and Chair Jones; Noes – None; Absent – Directors Dotson and Friedman) and carried to adopt Oversight Board Resolution No. 2013–04 as revised, the Independent Accountant’s Report on applying agreed upon procedures on the low and moderate income housing funds of the former El Cerrito Redevelopment Agency. Moved, seconded (Myall/Kronenberg; Ayes – Directors Kronenberg, Myall, Potter, Solseng and Chair Jones; Noes – None; Absent – Directors Dotson and Friedman) and carried to adopt Oversight Board Resolution No 2013–05 as revised, the Independent Accountant’s Report on applying agreed-upon procedures on the Successor Agency to the El Cerrito Redevelopment Agency, excluding low and moderate income housing funds, both prepared as prescribed by Section 34179.5 of the California Health and Safety Code. Adjourned at 7:13 p.m.