04/18/2012 17 , CITY OF GRAND TERRACE
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y7;T MilW4 OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY OF THE GRAND
...,�...• TERRACE COMMUNITY REDEVELOPMENT AGENCY
AGENDA • APRIL 18, 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.c ityofg ra n dte rra ce.o rg
CALL TO ORDER
Pledge of Allegiance
Roll Call
Attendee Name F Present Absent Late Arrived
Walt Stanckiewitz
Joyce Powers ❑ ❑ ❑
Camille Sidoti
Jacqueline Mitchell ❑ i ❑ { ❑ 1 M
Frank Miranda 1 ❑ 1 ❑ I ElJess Vizcaino El ❑ �� ❑
Cindy Saks I ❑ ' ❑ 1 ❑
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.
4. APPROVAL OF MINUTES
1. Approval of Oversight Board Minutes of 04/04/2012
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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.
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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 April 18, 2012
5. UNFINISHED BUSINESS
A. Recognized Payment Obligation Schedule for Period July 1, 2012 to December 31, 2012
6. NEW BUSINESS
A. Designation of Housing Authority and Successor Agency Properties and Approval of the Transfer of
Housing Assets of the Former Grand Terrace Redevelopment Agency to the Grand Terrace Housing
Authority
B. Termination of Memorandum of Understanding Between the City, Former Redevelopment Agency, and
Grand Terrace Partners, LLC
7. PUBLIC HEARINGS
8. BOARD MEMBER REPORTS
9. CLOSED SESSION
ADJOURN
The Next Regular Oversight Board Meeting will be held on Wednesday, May 2; 2012 at 4:00 PM.
City of Grand Terrace Page 2 Updated 4/11/2012 4:18 PM
CITY CLERK
`\ -
Tracey R=. arty ez
2012 1:16 PM
ez
10/25/2012 1:16 PM
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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 12TH day of April,
2012, caused to be posted in three conspicuous places, as required by law, the following:
Agenda for the Oversight Board of the Successor Agency to the Community
Redevelopment Agency that is scheduled to be held on Wednesday, April 18, 2012.
(1) City Hall
(2) Child Care Center
(3) Grand Terrace Branch Library
TRACEY'R MARTINEZ
CITY CLERK -
B
Tracey R. Martinez
acey R=. arty ez
2012 1:16 PM
ez
10/25/2012 1:16 PM