2012 10-03OVERSIGHT BOARD MINUTES
(TO THE SUCCESSOR AGENCY OF THE POWAY REDEVELOPMENT AGENCY)
October 3, 2012
City of Poway, City Hall,
Main Conference Room # 2060, 2"d Floor,
13325 Civic Center Drive, Poway, CA 92064
CALL TO ORDER
The meeting was called to order at 8:31 a.m.
ROLL CALL
Present were:
CHAIR:
VICE CHAIR:
BOARD MEMBER:
BOARD MEMBER:
BOARD MEMBER:
BOARD MEMBER:
Absent:
Bruce Tarzy, MD, City of Poway
Lois Fong- Sakai, County Board of Supervisors
Rose Marie Dishman, Palomar Community College District
Jim Lyon, City of Poway (former RDA employee)
Tom Scott, County Board of Supervisors
Malliga Tholandi, San Diego County Board of Education
BOARD MEMBER: David Tam, MD, Palomar Health
Other Attendees:
Penny Riley, City Manager, City of Poway; Tina White, Assistant City Manager, City
of Poway; Linda A. Troyan, MMC, City Clerk, City of Poway; Ashley Jones, Senior
Management Analyst, City of Poway; Andrew White, Finance Manager, City of
Poway.
PUBLIC COMMENT
There were none.
BOARD BUSINESS
1. Approval of the August 22, 2012 Special Meeting Minutes of the Oversight
Board to the Successor Agency of the Poway Redevelopment Agency
Motion by Vice Chair Fong- Sakai, seconded by Board Member Dishman to approve
minutes. Motion carried by unanimous vote of those present; Board Member Tam
absent.
Oversight Board Minutes — October 3, 2012
2. Public Comment session to consider Independent Accountant's Report on
Applying Agreed -Upon Procedures relating to the Due Diligence Review in
accordance with AB 1484 applied to Low and Moderate Income Housing Fund
for the year ended June 30, 2012.
Assistant City Manager White reviewed the Independent Accountant's Report for the
year ended June 30, 2012 and responded to questions. Referring to the August 1,
2012 Housing Asset List, Exhibit "C" — Low -Mod Encumbrances, of the report, she
advised the State disagreed with staff's inclusion of Items 19 — 70. Staff accepted
the State's determination. They have been removed and this is reflected in the last
page of Exhibit "H ", Balances Needed to Satisfy BOPS. Additional review and
approval of the report is scheduled for the October 10, 2012 Oversight Board
meeting. Following approval, the report will be submitted to the State by the October
15, 2012 deadline.
Chair Tarzy requested the Board receive a one page summary of total assets for the
October 10, 2012, Oversight Board meeting.
Public Comment: Bill Roeckel announced he will review and provide comments, if
any, prior to or at the next meeting.
3. Cancellation of the November 13, 2012 Oversight Board Regular Meeting.
(Verbal report)
Item continued to October 10, 2012 meeting Agenda.
CHAIR AND BOARDMEMBERS' COMMENTS
Chair Tarzy recommended that City Clerk Troyan contact Board Members regarding
their availability for Oversight Board meetings scheduled for: October 10, 2012 at
8:30 a.m., November 13, 2012 at 8:30 a.m., and January 2 and 9, 2013 at 8:30 a.m.
Item to return on October 10, 2012 agenda.
The Board thanked staff for their hard work on the audit.
ADJOURNMENT
The meeting was adjourned at 9:28 a.m.
I.Kda . Troyan, MMC,'
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City of Poway, California
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