pages: SuccessorAgencyOversightBoard/2013-06-27.pdf, 4
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SuccessorAgencyOversightBoard | 2013-06-27 | 4 | Minutes June 27,2013 Successor Agency Oversight Board Page 3 of 3 Member Ortiz asked about the HUD 108 loan third-party obligation. Mr. Ramiza responded that the primary agreement for the HUD loan was with the City. The City entered into a sub-recipient agreement with the former Community Improvement Commission. If the State invalidates the sub-recipient agreement, the City would fight that, as the City would then be responsible for the $7 million HUD loan. Mr. Ramiza stated that the ideal outcome would be if the SCO agreed that the City could keep the asset and DOF accepts that result. The next best thing would be to achieve the same results through the LRPMP process working with the Oversight Board, with DOF approving the Oversight Board's recommendation. Member McMahon asked how long the Oversight Board had to do its work. Mr. Ramiza responded that in 2016, all oversight boards will be folded into their respective county's oversight board. Member Potter stated that the LRPMP must be submitted by November 2013. Mr. Ramiza stated that if the SCO recommends that the City can keep the assets, they don't have to be listed in the LRPMP. This item was presented for information and discussion, only; no Oversight Board action was requested. b. Determine the Date of the September Special Meeting: Action The consensus of the Board was to schedule this meeting on Thursday, September 26. The agenda will include the presentation of the ROPS for January - June, 2014, and the Long Range Property Management Plan. 5. PUBLIC COMMENT (non-agenda items) (none) 6. WRITTEN COMMUNICATIONS a. Letter from Department of Finance Dated May 24, 2013, Request for a Finding of Completion 7. ORAL COMMUNICATIONS - BOARD MEMBERS AND STAFF 8. ADJOURNMENT The meeting was unanimously adjourned at 6:50 p.m. Respectfully submitted, Preming A Valesle Rosemary A. Valeska Secretary Approved as submitted on July 30, 2013 Resolution No. 13-09 | SuccessorAgencyOversightBoard/2013-06-27.pdf |