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06/06/2012 CITY OF GRAND TERRACE Fr-ftra. OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY OF THE GRAND 134--` `0 TERRACE COMMUNITY REDEVELOPMENT AGENCY AGENDA • JUNE 6, 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 Roll Call Attendee Name Present Absent j Late Arrived Chairman Walt Stanckiewitz ❑ i ❑ ! 0 Vice-Chairman Joyce Powers ❑ ❑ 0 Board Member Camille Sidoti. ❑ 0 ❑ Board Member Jacqueline Mitchell ❑ ■ 0 Board Member Frank Miranda ❑ ❑ ❑ Board Member Jess Vizcaino ❑ ❑ i ❑ 1 Board Member Cindy Saks 0 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. Please limit your comments to three minutes. When addressing the Oversight Board, please state your name and address for the record. City of Grand.Terrace Page 1 Updated 5/10/2012 12:07 PM n 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 June 6, 2012 4. APPROVAL OF MINUTES 1. Approval of Minutes—Regular Meeting—05/16/2012 5. UNFINISHED BUSINESS A. Update on Purchase of Successor Agency Parcels by O'Reilly Automotive Stores B. Update of Recognized Obligation Payment Schedule for Period of July 1, 2012 through December 31, 2012 6. NEW BUSINESS A. Administrative Budget for Period July 1, 2012 to December 31, 2012 B. Administrative Budget for Period January 1, 2012 to June 30, 2012 C. Consider Meeting Schedule for July and August 7. PUBLIC HEARINGS 8. BOARD MEMBER REPORTS 9. CLOSED SESSION ADJOURN A. The Next Regular Oversight Board Meeting will be held on Wednesday, June 20, 2012 at 4.00 PM. City of Grand Terrace Page 2 Updated 5/10/2012 12:07 PM racey, artiriez 10/25/2012 1:16 PM ez 10/25/2012 1:16 PM 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 May, 2012, caused to be posted in three conspicuous places, as required by law, the following:. Agenda for the Oversight Board of the Successor Agency of the Grand Terrace Community Redevelopment Agency that is scheduled to be held on Wednesday, June 6, 2012. (1) City Hall (2) Child Care Center (3) Grand Terrace.Branch Library TRACEY R MARTINEZ CITY CLERK B Tracey.R. a Inez 5/10/2012 12:07 PM racey, artiriez 10/25/2012 1:16 PM ez 10/25/2012 1:16 PM