pages: SuccessorAgencyOversightBoard/2012-05-03.pdf, 2
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SuccessorAgencyOversightBoard | 2012-05-03 | 2 | City of Alameda Successor Agency Oversight Board Special Meeting Minutes Thursday, May 3, 2012 at 6:30 p.m. City Hall, Conference Room 360 1. CALL TO ORDER & ROLL CALL Chair Russo called the meeting to order at 6:33 p.m. Roll call by Secretary Brown, present were Chair Russo, Vice-Chair Biggs, Members Chan, McMahon, Ortiz, Gerhard, and Potter. Consultants Staedler and Doezema were present. 2. APPROVE MINUTES - APRIL 2, 2012 ANNUAL MEETING Motion/Second (Ortiz, Gerhard) to approve minutes with requested edit. Motion unanimous. 3. CONSIDER AMENDMENTS TO INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) BASED ON DEPARTMENT OF FINANCE COMMENTS Discussion regarding the DOF letter and how it impacts the ROPS. The Board has 10 days to respond and requested approval from the Board to draft a letter that explained why each questioned enforceable obligation was a valid obligation. The draft letter was handed out and Board reviewed the letter item-by-item. Motion/Second (VC Biggs, Gerhard) to amend the first ROPS as discussed and resubmit to DOF. Motion unanimous. 4. APPROVE 2ND ROPS (JULY 1, 2012- DECEMBER 31, 2012) Board reviewed and discussed the 2nd ROPS. Motion/Second (Gerhard, McMahon) to submit to DOF the 2nd ROPS with requested edits and notes. Motion unanimous. 5. APPROVE ADMINISTRATIVE BUDGET IN THE AMOUNT OF $125,000 (JULY 1, 2012 - DECEMBER 31, 2012) Questions for clarification on what the minimum and maximum amounts allowed on the Administration Budget are and staff explained. Motion/Second (McMahon, Ortiz) to approve the administrative budget as recommended. Motion unanimous. 6. AUTHORIZE SUCCESSOR AGENCY TO ENTER INTO AGREEMENTS WITH: KEYSER MARSTON & ASSOCIATES for Financial Consulting Service (16-Month Agreement in the amount of $29,500) (Admin Budget) APERTURE CONSULTING for Administrative Support Services (14-Month Agreement in the amount of $25,000) (Admin Budget) Both contracts are to the end of fiscal year, and staff provided clarification on amounts and terms on ROPS. Motion/Second (VC Biggs, Ortiz) to approve the agreement. Motion unanimous. | SuccessorAgencyOversightBoard/2012-05-03.pdf |