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02/06/2013 CITY OF GRAND TERRACE tan'ri`" tkirp OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY OF THE GRAND �.,�,^,.,• TERRACE COMMUNITY REDEVELOPMENT AGENCY AGENDA • FEBRUARY 6, 2013 Council Chambers Regular Meeting 4:00PM 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 Donna.Ferracone Roll Call Attendee Name - - Present - l °Absent Late Arrived - Chairman Walt Stanckiewitz- 0 0 0 Vice-Chairman.Cindy Saks 0 0 - ❑ Board Member Donna Ferracone 0 0 0 Board Member Frank Miranda 0 ❑ ❑ Board Member Chuck Morga ❑ ❑ 0 Board Member Richard Shields ❑ 0 0 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 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. City of Grand Terrace Page 1 Updated 10/25/2012 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 February 6, 2013 4. APPROVAL OF MINUTES 1. Approval of Minutes—Regular Meeting— 12/19/2012 5. UNFINISHED BUSINESS 6. NEW BUSINESS A. Department of Finance Determination on Recognized Obligation Payment Schedule III for Period of January 1 through June 30, 2013 B Department of Finance Determination on Low-Moderate Income Housing Fund Due Diligence Review C. Early Termination Agency Agreement with Grand Terrace Chamber of Commerce Due to Department of Finance Determination 7. PUBLIC HEARINGS 8. BOARD MEMBER REPORTS 9. CLOSED SESSION ADJOURN A. The Next Regular Oversight Board Meeting will be held on Wednesday, February 20, 2013 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 10/25/2012 1:16 PM 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 Donna.Ferracone Roll Call Attendee Name - - Present - l °Absent Late Arrived - Chairman Walt Stanckiewitz- 0 0 0 Vice-Chairman.Cindy Saks 0 0 - ❑ Board Member Donna Ferracone 0 0 0 Board Member Frank Miranda 0 ❑ ❑ Board Member Chuck Morga ❑ ❑ 0 Board Member Richard Shields ❑ 0 0 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 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. City of Grand Terrace Page 1 Updated 10/25/2012 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 31st day of January, 2013, 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 Grand Terrace Community Redevelopment Agency scheduled to be held on Wednesday, February 6, 2013. (1) City Hall (2) Child Care Center (3) Grand Terrace Branch Library TRACEY R`MARTINEZ CITY CLERK B Tracey . Martinez 5/2012 1:16 PM race Page 2 Updated 10/25/2012 1:16 PM