09/19/2012 `'fir CITY OF GRAND TERRACE
'1 OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY OF THE GRAND
Nik ,,;,. TERRACE COMMUNITY REDEVELOPMENT AGENCY
AGENDA • SEPTEMBER 19, 2012
Council Chambers Regular Meeting 4:00 PM
Grand Terrace Civic Center • 22795 Barton Road
The City of Grand Terrace complies with the Americans with Disabilities Act of 1990. If you require
special assistance to participate in this meeting, please call the City Clerk's office at (909) 824-6621 at
least 48 hours prior to the meeting.
If you desire to address the Oversight Board during the meeting, please complete a request to speak form
available at the entrance and present it to the Secretary. Speakers will be called upon by the Chairman
at the appropriate time.
Any documents provided to a majority of the Oversight Board regarding any item on this agenda will be
made available for public inspection in the City Clerk's office at city hall located at 22795 Barton Road
during normal business hours. In addition, such documents will be posted on the City's website at
www.cityofgrandterrace.org
CALL TO ORDER
Pledge of Allegiance
Swear In New Board Member, Richard Shields
Roll Call
Attendee Name Present Absent. _ Late Arrived
Chairman Walt Stanckiewitz f ❑ w ❑ �_
Board Member Richard Shields ❑ 0 v_r 0
Board Member Camille Sidoti ❑ ; ❑ I ❑ _v
Board Member Jacqueline Mitchell ❑ ❑ 1 0 !
Board Member Frank Miranda *1 ❑ 0 ❑_��_
Board Member Jess Vizcaino ° ❑ ❑ _ __L ❑ I
Board Member Cindy Saks ❑ ❑ 1 0
Elect New Vice-Chairman
1. CONFIRMATION OF AGENDA
2. SPECIAL PRESENTATIONS
3. PUBLIC COMMENT
This is the opportunity for members of the public to comment on any items not appearing on the regular
agenda. Because of restrictions contained in California Law, the City Council may not discuss or act on
City of Grand Terrace Page 1 Updated 8/2/2012 2:53 PM
comment or may request a matter be agendized for a future meeting.
City of Grand Terrace Page 1 Updated 10/25/2012 1:16 PM
d 10/25/2012 1:16 PM
2 1:16 PM
eeting.
City of Grand Terrace Page 1 Updated 4/4/2013 11:29 AM
.
mpleted by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Depart
.'All total due during fiscal year and payment amounts are projected.
•••Funding sources from the successor agency: (For fiscal 2011-12 only,references to RPTTF could also mean tax increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
•-Only the January through June 2012 ROPS should include expenditures for pass-through payments.Starting with the July through December 2012 ROPS,per HSC section 34183(a)(1),the county auditor controller will make the required pass-through paym
ent amounts are projected.
••'Funding sources from the successor agency: (For fiscal 2011-12 only,references to RPTTF could also mean tax increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
•••.-Administrative Cost Allowance caps are 5%of Form A 6-month totals In 2011-12 and 3%of Form A 6-month totals In 2012-13.
The calculation should not factor in pass through payments paid for with RPTTF in Form D. .
- - - - - -
Totals-Bond Proceeds 21,491,152 2,008,695 80,000 80,000 80,000 130,000 105,000 1,105,000 1,580,00
Totals-Other 463,167 463,167 - - - - - 463,167 463,16
Grand total-This Page 21,954,319 2,471,862 80,00D 80,000 80,000 130,000 105,000 1,568,167 2,043,16
• The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to be completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final RODS is submitted to the State Controller and State Depart
••All total due during fiscal year and payment amounts are projected.
•••Funding sources from the successor agency:(For fiscal 2011-12 only,references to RPTTF could also mean tax increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
$ -
28) - $ -
29) - $ -
30) $ -
31) $ -
32)
Totals-This Page(RPTTF Funding) $ 50,777,174 $ 5,446,351 N/A $ 9,276 $1,947,759 S 33,090 $ 30,090 $ 39,090 $1,780,471 $ 3,839,776
Totals-Page 2(Other Funding) $ 21,954,319 $ 2,471,862 N/A $ 80,000 $ 80,000 $ 80,000 $130,000 $105,000 $1,568,167 $ 2,043,167
Totals-Page 3(Administrative Cost Allowance) $ 13,765,000 $ 594,075 N/A $ 49,508 $ 49,508 $ 49,508 $ 49,508 $ 49,508 $ 49,506 $ 297,046
Totals-Page 4(Pass Thru Payments) $ 80,317,466 $ 2,385,000 N/A $ - $ - $ - $ - $ - $1,305,000 $ 1,305,000
Grand total-All Pages $ 166,813,959 $10,897,288 N/A $138,784 $2,077,267 $ 162,598 $209,598 $193,598 $4,703,144 $ 7,484,989
• The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to be completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS Is submitted to the State Controller and State Depart
••All totals due during fiscal year and payment amounts are projected.
•••Funding sources from the successor agency: (For fiscal 2011-12 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
Agenda Oversight Board September 19, 2012
any item not on the agenda, but may briefly respond to statements made or ask a question for
clarification. The Mayor may also request a brief response from staff to questions raised during public
comment or may request a matter be agendized for a future meeting.
4. APPROVAL OF MINUTES
1. Approval of Minutes—Special Meeting—08/22/2012
5. UNFINISHED BUSINESS
6. NEW BUSINESS
A. Letter to Department of Finance on Successor Agency Available Fund Balance
B. Due Diligence Review-Authorization to Contract with Auditor
7. PUBLIC HEARINGS
8. BOARD MEMBER REPORTS
9. CLOSED SESSION
ADJOURN
A. The Next Regular Oversight Board Meeting will be held on Wednesday, October 3, 2012, at 4:00 PM.
Agenda item requests must be submitted in writing to the City Clerk's office no later than 14 calendar
days preceding the meeting.
City of Grand Terrace Page 2 Updated 8/2/2012 2:53 PM
hours. In addition, such documents will be posted on the City's website at
www.cityofgrandterrace.org
CALL TO ORDER
Pledge of Allegiance
Swear In New Board Member, Richard Shields
Roll Call
Attendee Name Present Absent. _ Late Arrived
Chairman Walt Stanckiewitz f ❑ w ❑ �_
Board Member Richard Shields ❑ 0 v_r 0
Board Member Camille Sidoti ❑ ; ❑ I ❑ _v
Board Member Jacqueline Mitchell ❑ ❑ 1 0 !
Board Member Frank Miranda *1 ❑ 0 ❑_��_
Board Member Jess Vizcaino ° ❑ ❑ _ __L ❑ I
Board Member Cindy Saks ❑ ❑ 1 0
Elect New Vice-Chairman
1. CONFIRMATION OF AGENDA
2. SPECIAL PRESENTATIONS
3. PUBLIC COMMENT
This is the opportunity for members of the public to comment on any items not appearing on the regular
agenda. Because of restrictions contained in California Law, the City Council may not discuss or act on
City of Grand Terrace Page 1 Updated 8/2/2012 2:53 PM
comment or may request a matter be agendized for a future meeting.
City of Grand Terrace Page 1 Updated 10/25/2012 1:16 PM
d 10/25/2012 1:16 PM
2 1:16 PM
eeting.
City of Grand Terrace Page 1 Updated 4/4/2013 11:29 AM
.
mpleted by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS is submitted to the State Controller and State Depart
.'All total due during fiscal year and payment amounts are projected.
•••Funding sources from the successor agency: (For fiscal 2011-12 only,references to RPTTF could also mean tax increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
•-Only the January through June 2012 ROPS should include expenditures for pass-through payments.Starting with the July through December 2012 ROPS,per HSC section 34183(a)(1),the county auditor controller will make the required pass-through paym
ent amounts are projected.
••'Funding sources from the successor agency: (For fiscal 2011-12 only,references to RPTTF could also mean tax increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
•••.-Administrative Cost Allowance caps are 5%of Form A 6-month totals In 2011-12 and 3%of Form A 6-month totals In 2012-13.
The calculation should not factor in pass through payments paid for with RPTTF in Form D. .
- - - - - -
Totals-Bond Proceeds 21,491,152 2,008,695 80,000 80,000 80,000 130,000 105,000 1,105,000 1,580,00
Totals-Other 463,167 463,167 - - - - - 463,167 463,16
Grand total-This Page 21,954,319 2,471,862 80,00D 80,000 80,000 130,000 105,000 1,568,167 2,043,16
• The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to be completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final RODS is submitted to the State Controller and State Depart
••All total due during fiscal year and payment amounts are projected.
•••Funding sources from the successor agency:(For fiscal 2011-12 only,references to RPTTF could also mean tax increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
$ -
28) - $ -
29) - $ -
30) $ -
31) $ -
32)
Totals-This Page(RPTTF Funding) $ 50,777,174 $ 5,446,351 N/A $ 9,276 $1,947,759 S 33,090 $ 30,090 $ 39,090 $1,780,471 $ 3,839,776
Totals-Page 2(Other Funding) $ 21,954,319 $ 2,471,862 N/A $ 80,000 $ 80,000 $ 80,000 $130,000 $105,000 $1,568,167 $ 2,043,167
Totals-Page 3(Administrative Cost Allowance) $ 13,765,000 $ 594,075 N/A $ 49,508 $ 49,508 $ 49,508 $ 49,508 $ 49,508 $ 49,506 $ 297,046
Totals-Page 4(Pass Thru Payments) $ 80,317,466 $ 2,385,000 N/A $ - $ - $ - $ - $ - $1,305,000 $ 1,305,000
Grand total-All Pages $ 166,813,959 $10,897,288 N/A $138,784 $2,077,267 $ 162,598 $209,598 $193,598 $4,703,144 $ 7,484,989
• The Preliminary Draft Recognized Obligation Payment Schedule(ROPS)is to be completed by 3/1/2012 by the successor agency,and subsequently be approved by the oversight board before the final ROPS Is submitted to the State Controller and State Depart
••All totals due during fiscal year and payment amounts are projected.
•••Funding sources from the successor agency: (For fiscal 2011-12 only,references to RPTTF could also mean tax Increment allocated to the Agency prior to February 1,2012.)
RPTTF-Redevelopment Property Tax Trust Fund Bonds-Bond proceeds Other-reserves,rents,interest earnings,etc
LMIHF-Low and Moderate Income Housing Fund Admin-Successor Agency Administrative Allowance
AFFIDAVIT OF POSTING
STATE OF CALIFORNIA )
COUNTY OF SAN BERNARDINO )ss.
CITY OF GRAND TERRACE )
I, TRACEY R MARTINEZ, City Clerk of the City of Grand Terrace, being first
duly sworn, depose and say: That I, at all times herein mentioned, was and now am the
duly qualified City Clerk of Grand Terrace, State of California; that on the 13th day of
September, 2012, caused to be posted in three conspicuous places, as required by law,
the following:
Agenda for the Oversight Board for the Successor Agency of the former Grand Terrace
Community Redevelopment Agency meeting scheduled to be held on Wednesday,
September 19, 2012.
(1) City Hall
(2) Child Care Center
(3) Grand Terrace Branch Library
TRACEY R MARTINEZ
CITY CLERK_
B _
Tracey R. Marti ez
d 10/25/2012 1:16 PM
ez
10/25/2012 1:16 PM