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05-02-2012 0 CITY OF GRAND TERRACE •I ;r-rt,x tr;: OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY OF THE GRAND Z39. TERRACE COMMUNITY REDEVELOPMENT AGENCY MINUTES •-MAY 2, 2012 Council Chambers Regular Meeting .4:00 PM Grand Terrace Civic Center• 22795 Barton Road CALL TO ORDER Pledge of Allegiance • Board Member Frank Miranda led the Pledge of Allegiance. .Attendee Name Title I Status Arrived Walt Stanckiewitz , Chairman_ Present Joyce Powers .�. .i.Vice-Chairman i Present _I Camille Sidoti Board Member _ Present Jacqueline Mitchell _ Board Member _ � � Present I Frank Miranda Board Member _ ___ Present ' Jess Vizcaino I Board Member _ _ _ V ;.Absent . i Cindy Saks Board Member [ Present I Betsy Adams ~ Executive Director, Successor Agency Present i - Bernie Simon Finance Director, Successor Agency , Present l _Tracey Martinez _ Secretary ___ _ i Present ___ Robert Khuu �, Assistant City Attorney, Successor Agency i Present j 1. CONFIRMATION OF AGENDA Betsy Adams, Executive Director of the Successor Agency indicated that the City as the Successor Agency received a letter from the Department.of Finance about the first ROPS that was approved by the Oversight Board and the Successor Agency. They have identified three areas where they don't agree with us. One of the three we would be in agreement with, the other two we are not. Staff is working with the City Attorney on a response. We will have the Department of Finance letter and the response letter at the next meeting as a regularly scheduled agenda item. 2. SPECIAL PRESENTATIONS 3. PUBLIC COMMENT 4. APPROVAL OF MINUTES 1. Approval of Minutes—Regular Meeting—04/18/2012 City of Grand Terrace Page 1 -Updated 5/10/2012 12:07 PM Updated 4/11/2012 4:18 PM DA,-CARRIED 6-0, TO APPROVE A RESOLUTION ESTABLISHING THE DATE,.TIME, AND LOCATION FOR MEETINGS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE COMMUNITY REDEVELOPMENT AGENCY OF THE CITY OF GRAND TERRACE. 5. Resolution Adopting Bylaws and Rules of Procedure for the Oversight Board. MOTION BY VICE-CHAIRMAN POWERS, SECOND BY BOARD MEMBER MIRANDA, CARRIED 6-0, TO APPROVE.A RESOLUTION ADOPTING BYLAWS AND RULES OF PROCEDURE FOR-THE OVERSIGHT BOARD. City of Grand Terrace Page 2 Updated 4/11/2012 5:08 PM Minutes Oversight Board May 2, 2012 RESULT: ACCEPTED [UNANIMOUS] MOVER: Joyce Powers, Vice-Chairman SECONDER: Camille Sidoti, Board Member AYES: Stanckiewitz, Powers, Sidoti, Mitchell, Miranda, Saks ABSENT: Jess Vizcaino 5. UNFINISHED BUSINESS 6. NEW BUSINESS A. Resolution Approving Property Disposal Procedures It was the consensus of the Oversight Board to make amendments to the Property Disposal Procedures under section V. (500) Votes to Override the Disposition Procedures - that the 2/3 vote be changed to majority vote and to. amend Exhibit A, removing APN 0275-242-10 and APN 0275-242-11 and bring it back to the Board at their next regular meeting RESULT: CONTINUED [UNANIMOUS] Next: 5/16/2012 4:00 PM MOVER: Cindy Saks, Board Member SECONDER: Camille Sidoti, Board Member AYES:. Stanckiewitz, Powers,-Sidoti, Mitchell, Miranda, Saks ABSENT: Jess Vizcaino B. Sale of Successor Agency Property in the 21900 Block of Barton Road to O'Reilly Automotive Stores, Inc. to Develop a New Retail Store Adopt a Resolution approving the Purchase and Sale Agreement between the Successor Agency and O'Reilly Automotive Stores, Inc., and forward the Agreement to the State Department of Finance for review and authorize the Successor Agency's Executive Director to complete all actions necessary to complete the sale of the property-and-transfer of appurtenant shares of water stock. It was also directed that staff designate the proceeds from the sale of this property until June 1, 2014 or sooner, if the store is built prior to that date. RESULT:. APPROVED [UNANIMOUS] MOVER:, _ Jacqueline Mitchell, Board Member SECONDER: Camille Sidoti, Board Member AYES: Stanckiewitz, Powers, Sidoti, Mitchell, Miranda, Saks ABSENT: Jess Vizcaino 7. PUBLIC HEARINGS 8. BOARD MEMBER REPORTS 9. CLOSED SESSION ADJOURN A. The Next Regular Oversight Board Meeting will be held on Wednesday, May 16, 20.12 at 4:00 PM. City of Grand Terrace Page 2 Updated 5/17/2012 7:59 AM T AGENCY OF THE CITY OF GRAND TERRACE. 5. Resolution Adopting Bylaws and Rules of Procedure for the Oversight Board. MOTION BY VICE-CHAIRMAN POWERS, SECOND BY BOARD MEMBER MIRANDA, CARRIED 6-0, TO APPROVE.A RESOLUTION ADOPTING BYLAWS AND RULES OF PROCEDURE FOR-THE OVERSIGHT BOARD. City of Grand Terrace Page 2 Updated 4/11/2012 5:08 PM Minutes Oversight Board May 2, 2012 MAYOR of the of Grand Terrace CITY CLERK of the City crand Terrace City of Grand Terrace Page 3 Updated 5/10/2012 12:07 PM 2012 4:18 PM