OSB 13-001RESOLUTION NO. OSB 13 -001
A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE POWAY REDEVELOPMENT AGENCY APPROVING THE
INDEPENDENT ACCOUNTANT'S REPORT ON APPLYING AGREED -UPON
PROCEDURES RELATING TO THE DUE DILIGENCE REVIEW IN
ACCORDANCE WITH AB1484 APPLIED TO THE SUCCESSOR AGENCY
FOR THE YEAR ENDED JUNE 30, 2012
WHEREAS, Health and Safety Code (H &S) Section 34179.5(a) requires each
Successor Agency to employ a licensed accountant to conduct a due diligence review
to determine the unobligated balances available for transfer to taxing entities; and
WHEREAS, the Successor Agency retained the accounting firm of Pun and
McGeady to conduct the required review, with the approval of the County Auditor and
Controller on August 23, 2012; and
WHEREAS, Pun and McGeady has completed its review, and, as required by
H &S 34179.6(a), the results of the review were provided to the Oversight Board,
County Auditor and Controller, State Controller, and State Department of Finance on
December 17, 2012; and
WHEREAS, on January 9, 2013, the Oversight Board held a public meeting, at
which time it received the Independent Accountant's Report and convened a public
comment session as required by California Health and Safety Code Section
34179.6(b).
NOW, THEREFORE, BE IT RESOLVED that the Oversight Board to the
Successor Agency of the Poway Redevelopment Agency approves the Independent
Accountant's Report on applying Agreed -Upon Procedures Relating to the Due
Diligence Review in accordance with AB1484 applied to the Successor Agency for the
year ended June 30, 2012
PASSED, ADOPTED AND APPROVED by the Oversight Board to the
Successor Agency of the Poway Redevelopment Agency at a special meeting
thereof this 15th day of January, 2013.
Bruce Tarzy, 'Chair
ATTEST:
AM
Kristen M. Crane
Interim City Clerk
City of Poway
Resolution No. OSB 13 -001
Page 2
STATE OF CALIFORNIA )
SS. )
COUNTY OF SAN DIEGO )
I, Kristen M. Crane, Interim City Clerk of the City of Poway, do hereby certify, under
penalty of perjury, that the foregoing Resolution No. OSB 13 -001 was duly adopted
by the Oversight Board to the Successor Agency of the Poway Redevelopment Agency
at a meeting of said Board held on the 15th day of January 2013, and that it was so
adopted by the following vote:
AYES: FONG- SAKAI, LADERMAN, LYON, SCOTT, TAM, TARZY
NOES: NONE
ABSENT: THOLANDI
DISQUALIFIED: NONE
1� v #- (0,#A)
Kristen M. Crane
Interim City Clerk
City of Poway