2015-09-03 Oversight Board Agenda PacketCalifornia Public Records Act ("PRA"): In compliance with the PRA, the documents pertaining to agenda
items, including attachments, which are presented to the Oversight Board in open session are available for
public inspection. They may be inspected during regular business hours in the City Clerk's Office at Vernon
City Hall, 4305 Santa Fe Avenue, Vernon, California 90058, no prior appointment necessary, and on the City’s
website at www.cityofvernon.org.
Americans with Disabilities Act (“ADA”): In compliance with the ADA, if you need special assistance to
participate in the meeting, please contact the City Clerk’s office at (323) 583-8811. Notification of at least 24
hours prior to the meeting or time when services are needed will assist the City staff in assuring that reasonable
arrangements can be made to provide accessibility to the meeting or service.
Agenda
Regular Meeting of the
Oversight Board of the Successor Agency
to the Redevelopment Agency of the City of Vernon
Thursday, September 3, 2015, 4:00 p.m.
Council Chamber, City Hall
4305 Santa Fe Avenue
Vernon, California
W. Michael McCormick, Chairperson
Jonathan S. Fuhrman, Vice Chairperson
William J. Davis, Board Member
Mary Gallagher, Board Member
David Vela, Board Member
Vacant, Board Member
Vacant, Board Member
CALL TO ORDER & FLAG SALUTE
CHANGES TO THE AGENDA
PUBLIC COMMENT - At this time the public is encouraged to address the Oversight Board on any matter
that is within the subject matter jurisdiction of the Board. The public will also be given a chance to comment on
matters which are on the posted agenda during the Board’s deliberation on those specific matters.
MINUTES – TO BE RECEIVED AND FILED
1. Minutes of the Special Meeting of the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Vernon held May 26, 2015.
Oversight Board of the Successor Agency to the Redevelopment Agency
Regular Meeting Agenda September 3, 2015
Page 2 of 2
ACTION ITEMS
2. A Resolution of the Oversight Board of the Successor Agency to the Redevelopment Agency of
the City of Vernon adopting, approving, and ratifying the recognized obligation payment
schedule for the period January 1, 2016 through June 30, 2016, and approving certain related
actions pursuant to California Health & Safety Code Sections 34177(l), 34177(m) and 34180(g).
Recommendation:
A. Find that adoption of the proposed resolution for approval of the Recognized Obligation
Payment Schedule for 2015-2016 Period B (January 1, 2016 through June 30, 2016) is exempt
under the California Environmental Quality Act (“CEQA”) in accordance with Section
15061(b)(3), the general rule that CEQA only applies to projects that may have an effect on the
environment; and
B. Successor Agency staff recommends the Oversight Board adopt and approve the resolution to
approve the forward-looking recognized obligation payment schedule (“ROPS”) substantially in
the form as presented with the resolution.
ORAL REPORTS
3. Brief reports on activities, other brief announcements, and directives to staff.
ADJOURNMENT
I hereby certify under penalty of perjury under the laws of the State of California, that the foregoing agenda was
posted on the bulletin board at the main entrance of the City of Vernon City Hall, located at 4305 Santa Fe
Avenue, Vernon, California, and on the City’s website, not less than 72 hours prior to the meeting set forth on
this agenda. Dated this 27th day of August 2015.
By: ________________________________
Maria E. Ayala, Secretary
MINUTES OF THE SPECIAL MEETING OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF VERNON
HELD TUESDAY, MAY 26, 2015, IN THE
COUNCIL CHAMBER OF THE CITY HALL LOCATED AT
4305 SANTA FE AVENUE, VERNON, CALIFORNIA AND VIA
TELECONFERENCE AT 3220 E SIERRA MADRE BOULEVARD,
PASADENA, CA 91107
MEMBERS PRESENT: W. Michael McCormick, Jonathan S. Fuhrman (via
teleconference), David Vela, William J. Davis, and Mary
Gallagher
MEMBERS ABSENT: None.
The meeting was called to order at 4:07 p.m. by Chairperson McCormick who also led the flag
salute.
CHANGES TO THE AGENDA
Chairperson McCormick announced that there are no changes to the agenda.
PUBLIC COMMENT
Chairperson McCormick announced that this was the time allotted for public comment and
inquired whether anyone in the audience wished to address the Board. No one responded.
MINUTES – TO BE RECEIVED AN FILED
1. Minutes of the Regular Meeting of the Oversight Board of the Successor Agency to
the Redevelopment Agency of the City of Vernon held February 5, 2015.
It was moved by Davis and seconded by Vela to approve the February 5, 2015 Minutes. Motion
carried, 5-0,
ACTION ITEMS
2. Resolution No. OB-38 -A Resolution of the Oversight Board of the Successor
Agency to the Redevelopment Agency of the City of Vernon approving and
authorizing the execution of an attorney services agreement by and between the
City of Vernon and Best Best & Kreiger, LLP regarding redevelopment
dissolution and the City’s Successor Agency.
Recommendation:
A. Find that adoption of the proposed resolution for approval and authorization to
enter into an Attorney Service Agreement with Best Best & Krieger, LLP to serve
as associate counsel is exempt under the California Environmental Quality Act
(“CEQA”) in accordance with Section 15061(b)(3), the general rule that CEQA
only applies to projects that may have an effect on the environment; and
B. Adopt the proposed resolution for approval and authorization to enter into an
Attorney Service Agreement with Best Best & Krieger, LLP to service as
associate counsel.
Successor Agency Staff Alex Kung conducted the oral report on the proposed. Kung responded
to various questions from the Board regarding the request for proposals.
It was moved by Gallagher and seconded by Davis to approve Resolution No. OB-38. Motion
carried, 4-1 with Fuhrman in opposition.
Oversight Board of the Successor Agency to the Redevelopment Agency
Special Meeting Minutes
May 26, 2015
Page 2 of 2
3. Resolution No. OB-39 - A Resolution of the Oversight Board of the Successor
Agency to the Redevelopment Agency of the City of Vernon setting the date, time
and place for regular meetings.
Recommendation:
A. Find that adoption of the proposed resolution to modify the date and time of
regular meetings of the Oversight Board for the Successor Agency for the Former
Vernon Redevelopment Agency is exempt under the California Environmental
Quality Act (“CEQA”) in accordance with Section 15061(b)(3), the general rule
that CEQA only applies to projects that may have a significant effect on the
environment; and
B. Adopt the proposed resolution to modify the date and time of regular meetings of
the Oversight Board for the Former Vernon Redevelopment Agency to the first
Thursday in February and September at 4 pm.
Successor Agency Staff Alex Kung reported on the proposed.
It was moved by Gallagher and seconded by Davis to approve Resolution No. OB-39. Motion
carried, 5-0.
ORAL REPORTS
4. Brief reports on activities, other brief announcements, and directives to staff.
Successor Agency Staff Alex provided a financial update on bond reserves and the potential
impact of the governor’s May budget revision.
With no further business, at 4:18 p.m., the meeting was adjourned.
________________________
W. Michael McCormick
Chairperson
ATTEST:
_________________________
Maria E. Ayala
Secretary
RECEIV N
AUG 2 7 2015 STAFF REPORT
clly ctERK'S 0 r:r succEssoR AGENCY FOR THE-F RMER VERNON REDEVELOPMENT AGENCY
DATE:
TO:
FROM:
RE:
September 3, 2015
Honorable Chairperson and Members of the Oversight
Successor Agency
Mark C. Whitworth, Successor Agency Executive Director
Originator: Alex Kung, Successor Agency Staff ftr-
Board for the
Recognized Obligation Payment Schedule for 2015-2016 Period B (January I,
2016 through June 30, 2016)
Recommendation
A. Find that adoption of the proposed resolution for approval of the Recognized Obligation
Payment Schedule for 2015-2016 Period B (January 1, 2016 through June 30, 2016) is
exempt under the Califomia Environmental Quality Act ('CEQA") in accordance with
Section 15061(bX3), the general rule that CEQA only applies to projects that may have
an effect on the environment; and
B. Successor Agency staffrecommends the Oversight Board adopt and approve the attached
resolution to approve the attached forwardJooking recognized obligation payment
schedule ('ROPS) substantially in the form as presented.
Backqround
Pursuant to Health & Safety Code sections 34117(m) and 34180(g), the Successor Agency must
submit its' ROPS for the six months beginning January l, 2016 through June 30, 2016 by
October 5, 2015. This action requires Oversight Board approval.
The Successor Agency staffprepared the ROPS for the above period and circulated the ROPS
for the September 1, 2015 Successor Agency and the September 3, 2015 Oversight Board
meeting.
Page I of2
Fiscal Impact
The Agency will be requesting $1,651,751 in Redevelopment Property Tax monies from the
Department of Finance.
Attachment(s)
l) 2015-2016 Period B ROPS schedule.
Page 2 of 2
RESOLUTION NO. OB-
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE
CITY OF VERNON ADOPTING, APPROVfNG, AND RATTFYING
THE RECOGNIZED OBLIGATTON PAYMENT SCHEDULE FOR THE
PERfOD .]ANUARY I, 201-6 THROUGH .]IJNE 30, 2015, AND
APPROVING CERTATN REI,ATED ACTIONS PIJRSUANT TO
CAIIFORNIA HEALTH & SAFETY CODE SECTIONS 341?7(1),
341-77 (m) AND 34180 (g)
WHEREAS, on September 3, 201_5, t.he Oversight Board of the
Successor Agency to the Redevelopment Agency tso Che Cit.y of Vernon
("Oversight. Board" ) considered tshe adopt.ion, approval and ratification
of Ehe Recognized Obligation Pa)menE Schedule of the Successor Agency
to t.he former Vernon Redevelopment Agency for the report.ing period of
.Tanuary l, 20L6 through .fune 30, 20t6 ("ROPS") using the electronic-
version of the recognized obligation payment schedule provided to the
Successor Agency by the Departmen! of Finance (.'Finance,,); and
WHEREAS, on September 3, 2015, the Oversighc Board approved
the ROPS with the express auEhorization t.o aI1ow staff of the
Successor Agency Eo the former Vernon RedevelopmenE Agency (',successor
Agency" ) to negotiatse wich the Los Angeles County Auditor- Cont.ro11er
to assure Ehe prior period adjustments are accurately reflected and
that there is sufficient funding appropriately set aside to satsisfy
indebt.edness of the former Vernon Redevelopment Agency, including t.he
Series 2005 and 2011 bonds; and
WHEREAS, in furtherance of the foregoing recitals, E.he
Oversight Board desires to adopt. approve. and rat.ify the ROPS
attached hereto and instruct staff and special counsel to the
Successor Agency to negociate with the Los Angeles Count.y Auditor-
Cont.roller and Finance, as and if appropriate, following the
Sept.emlcer 1-, 20]-5, meeting of the Oversighc Board, to assure the goals
and desires of the oversight Board in this resorution are carried out.
NOW, THEREFORE, BE fT RESOLVED BY THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF VERNON AS
FOLLOWS:
SECTION 1: The Oversight. Board of the Successor Agency to
the RedeveLopment Agency of the City of Vernon hereby finds and
determines that the above recitals are true and correct..
SECTfON 2: The Oversight Board of the Successor Agency to
t,he Redevelopment Agency of the City of vernon hereby adopts,
approves, and racifies tshe ROPS, in the form at.tached to t.his
Resolution as Exhibit. A, pursuant Eo Catifornia Health & Safety Code
sections 34L77 (l\ , 34L't't (m) , and 34180 (g) .
SECTION 3: Pursuant to California Hea]th & Safety Code
section 34179(h). Finance may review an Oversights Board action. AIr
action of the Oversighc Board shal-I become effective five business days
after not.ice in tshe manner specified by Finance is provided unless
Finance requests review. The Assistant Executive Director of the
Successor Agency, Mr. Al-ex Kung, c/o Vernon City HaII, 4305 Santa Fe
Avenue, Vernon, CA 90058 Telephone (323) 583-8Bl_1 Extension 355
(akungoci.vernon.ca.us) is designated as lhe official for not.ice of
review by Finance. Except. as otherwise provided in California Healt.h &
Safety Code section 34L79 (h), in t.he event. Finance requests a review of
a given oversight board action, Finance shaI1 have 40 days from the
date of this request t.o approve t.he Oversight Board action or return it.
t.o lhe Oversight Board for recons ideration; the Oversight Board shalI
resubmit t.he modified action for Finance approval and t.he modified
Oversight Board actsion shal-I not become effective until approved by
2
Finance .
SECTION 4: The Secretary of the Oversight Board, shalt
certify Eo Ehe passage, approval and adoption of t.hls resolution,
t.he Secretary shal-I cause this resolution and the Secretary, s
certificat.ion to be properly fi1ed.
APPROVED AND ADOPTED this 3.d day of September, 2015.
Name:
Tit.Ie: Chairman / vice Chairman
ATTEST:
Maria E. Aya1a, Secretary
3
STATE OF CALI FORNIA
COUNTY OF LOS ANGELES
)
) ss
)
I, Maria E. Aya1a, acting on behalf of the OversighE Board as its
Secret.ary, do hereby certify Ehat the foregoing Resolut.ion, being
Resolulion No. OB- , was duly passed, approved and adopced by the
Oversight Board of the Successor Agency Eo the Redevelopment Agency of
Ehe City of vernon at a adjourned regular meeting of the Oversight
Board duly held on Thursday, Sept.ember 3, 2015, and thereafter was duly
signed by the Chairman or Vice Chairman of the Oversighc Board.
Executed this day of September, 20L5, aE Vernon, California.
Maria E. Ayal-a, Secretary
(SEAI)
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