2015-09-03 Oversight Board MinutesMINUTES OF THE REGULAR MEETING OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF VERNON
HELD THURSDAY, SEPTEMBER 3, 2015, IN THE
COUNCIL CHAMBER OF THE CITY HALL LOCATED AT
4305 SANTA FE AVENUE, VERNON, CALIFORNIA
MEMBERS PRESENT: W. Michael McCormick, Jonathan S. Fuhrman, William J. Davis,
and David Vela
MEMBERS ABSENT: Mary Gallagher
The meeting was called to order at 4:05 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 Special Meeting of the Oversight Board of the Successor Agency to
the Redevelopment Agency of the City of Vernon held May 26, 2015.
It was moved by Fuhrman and seconded by Davis to approve the May 26, 2015 Minutes.
Motion carried, 4-0.
ACTION ITEMS
2. Resolution No. OB-40 - 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.
Successor Agency Staff Alex Kung conducted the oral report on the proposed. In response to
Vice Chairperson Fuhrman, Kung reported on the continued need for Bond Logistics.
It was moved by Fuhrman and seconded by Davis to approve Resolution No. OB-40. Motion
carried, 4-0.
ORAL REPORTS
3. Brief reports on activities, other brief announcements, and directives to staff.
Oversight Board of the Successor Agency to the Redevelopment Agency
Regular Meeting Minutes
September 3, 2015
Page 2 of 2
Successor Agency Staff Alex provided an update on potential legislation that may impact the
redevelopment laws.
In response to Vice Chairperson Fuhrman, Kung provided an update on Wholefoods on the
Pacific Boulevard property, and transfer of the Bandini Boulevard property to the city. Kung
also reported on cash reserves, and on the bonds’ remaining balance.
With no further business, at 4:12 p.m., the meeting was adjourned.
________________________
W. Michael McCormick
Chairperson
ATTEST:
_________________________
Maria E. Ayala
Secretary