2012 10 10 OB MinutesOVERSIGHT BOARD
OF THE SUCCESSOR AGENCY TO
LA O.UINTA REDEVELOPMENT AGENCY
MINUTES
WEDNESDAY, OCTOBER 10, 2012
CALL TO ORDER
A special meeting of the Oversight Board of the Successor Agency to La Quinta
Redevelopment Agency was called to order at 2:00 p.m. by Chairperson Pena.
PRESENT: Board Members Ellis, Marshall, Maysels, McDaniel, Osborne and
Chairperson Pena.
ABSENT: Board Member Nelson
STAFF PRESENT: Frank J. Spevacek, Executive Director of the Successor Agency
Debbie Powell, Economic Development /Housing Manager
PUBLIC COMMENT - None
CONFIRMATION OF AGENDA - Confirmed as submitted.
APPROVAL OF MINUTES
Motion - A motion was made by Board Members Maysels /Marshall to approve the
Oversight Board Minutes of October 3, 2012, as submitted. Motion passed
unanimously.
CONSENT CALENDAR
1. Adoption of a Resolution Approving the Low- Moderate Income Housing Fund
Due Diligence Review Pursuant to AB 1484
MOTION - A motion was made by Board Members Ellis /Marshall to adopt
Resolution No. OB 2012 -016. Motion passed 6 ayes, 0 noes,1 absent.
RESOLUTION NO. OB 2012 -016
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
CITY AS SUCCESSOR AGENCY TO THE LA QUINTA
REDEVELOPMENT AGENCY REVIEWING, APPROVING,
AND TRANSMITTING THE DETERMINATION OF LOW
AND MODERATE INCOME HOUSING FUND CASH AND
CASH EQUIVALENTS AVAILABLE FOR DISBURSEMENT
PURSUANT TO HEALTH AND SAFETY CODE SECTION
34179.5
ADJOURNMENT
There being no further business, it was moved by Board Members Maysels /Ellis to
adjourn this meeting at 2:03 p.m. Motion passed unanimously.
Respectfully submitted,
O LAFOND,
Oversight Board S etary
City of La Quinta, California
OVERSIGHT BOARD 2 OCTOBER 10, 2012