MINUTES OF THE CITY OF SANTA CLARA OVERSIGHT BOARD FOR SUCCESSOR AGENCY TO THE CITY OF SANTA CLARA REDEVELOPMENT AGENCY FOR A SPECIAL MEETING HELD ON THURSDAY, MARCH 5, 2015

 

 

            Chairperson Gage called the Special Meeting of the Oversight Board for Successor Agency to the City of Santa Clara Redevelopment Agency to order at 12:01 pm, on the above-mentioned date in the City Hall Council Chambers. 

 

 

 

            Present: Mayor of the City of Santa Clara appointees: Gary Ameling, Director of Finance and Jamie L. Matthews, Mayor; Santa Clara County Board of Supervisors appointees: Debbie Cauble, County of Santa Clara and John Guthrie, County of Santa Clara, retired, former Director of Finance; Santa Clara County Board of Education appointee: Micaela Ochoa, Santa Clara County Office of Education, Chief Business Officer; California Community College District appointee: Edralin Maduli, West Valley-Mission Community College District, Vice Chancellor of Administrative Services; Santa Clara Valley Water District (SCVWD) appointee: Donald Gage, Board Member; and Oversight Board Legal Counsel, Hilda Cantu-Montoy.

 

            City staff present: Ruth Shikada, Economic Development Officer/Assistant City Manager; Richard Nosky, City Attorney; Karen Tiedemann, Successor Agency Legal Counsel, Goldfarb & Lipman, LLC; Tamera Haas, Assistant Director of Finance; and Jennifer Yamaguma, Assistant City Clerk/Successor Agency Clerk.

 

 

 

            Under Public Presentations, Stephen Hazel addressed the Board with general comments.  

 

 

 

            The Board proceeded to consider the Unspent 1999 Bond Proceeds per Oversight Board Resolution 2015-01. Board Member Guthrie reviewed his draft Resolution and made general comments. A Board discussion followed and Board questions were answered by Successor Agency Legal Counsel and Oversight Board Legal Counsel. Stephen Hazel and Deborah Bress addressed the Board with comments of concern. MOTION was made by Matthews, seconded but failed on the floor with Cauble, Guthrie, Maduli, Ochoa and Chairperson Gage dissenting, that the Board note and file the Successor Agency report. MOTION was made by Guthrie, seconded and carried with Ameling and Matthews dissenting, that the Board adopt Resolution No. 2015-03 entitled, “A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY FOR THE CITY OF SANTA CLARA REDEVELOPMENT AGENCY RELATING TO 1999 BOND ISSUANCE PROCEEDS”.

 

 

 

            The Board proceeded to consider the adoption of a Resolution approving the Recognized Obligation Payment Schedule (ROPS) for the period of July 1, 2015 through December 31, 2015. Board Members Cauble and Maduli stated, for the record, that they reviewed the video recording and all materials of the February 27, 2015 Board meeting. Economic Development Officer/Assistant City Manager made introductory comments and Successor Agency Legal Counsel made a presentation with regard to the proposed ROPS. Oversight Board Legal Counsel answered Board questions and a Board discussion followed.  The following people addressed the Board with comments: Stephen Hazel, Barbara Ratcliff, Dave DeLoizer, Annette Manhart, Lidia Blair, Awwa Roa, Lisa Moreno, Sashi Lata Nand, Rachel Castaneda, Danielle Dennison, Steve Van Dorn, Carol Zimring, Sergio Olveri, Julio Fuentes and Deborah Bress. The Board then took a short recess. After reconvening the meeting, a Board discussion followed. MOTION was made by Matthews, seconded but failed on the floor with Cauble, Guthrie, Maduli, Ochoa and Chairperson Gage dissenting, that the Board approve the ROPS as submitted by the Successor Agency and direct that the taxing agency representatives negotiate in good faith with the City of Santa Clara to enter into a Compensation Agreement to return the Convention Center to the City of Santa Clara. A Board discussion followed and further Board questions were answered by the Oversight Board Legal Counsel and the Director of Finance. MOTION was made by Matthews, seconded but failed on the floor with Cauble, Guthrie, Maduli, Ochoa and Chairperson Gage dissenting, to continue consideration of the ROPS and Administrative Budget by one week to allow time to review proposed changes. MOTION was made by Cauble, seconded and carried with Ameling and Matthews dissenting, that the Board adopt Resolution No. 2015-04 entitled, “A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY FOR THE CITY OF SANTA CLARA REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND AN ADMINSTRATIVE BUDGET FOR THE PERIOD JULY 1, 2015 THROUGH DECEMBER 31, 2015, MAKING RELATED FINDINGS AND DECLARATIONS AND TAKING RELATED ACTIONS IN CONNECTION THEREWITH” as amended, as follows: a) page 2, third whereas clause – correct the Health and Safety Code reference to 34177(a)(4) and revise the last sentence to read with the prior approval of the Oversight Board; b) page 2, fourth whereas clause – delete in its entirety; c) section 3 – revise clause to read, The Oversight Board hereby approves the ROPS 15-16A attached hereto as Attachment 1 (the "Approved ROPS 15-16A"). In connection with such approval, the Oversight Board makes the specific findings set forth below; d) sections 5 and 6 – delete in their entirety and renumber subsequent sections; e) section 8 – revise clause to read, In accordance with the Dissolution Act, the Oversight Board hereby approves the Administrative Budget for the period of July 1, 2015 through December 31, 2015 attached hereto as Attachment 2 (the "Approved Administrative Budget"), and authorizes the Successor Agency to incur costs for the general administrative activities and functions described in the Administrative Budget; f) section 9 – revise clause to read, The Oversight Board finds that the Administrative Budget supports a distribution of the FY 2015-16 Administrative Cost Allowance to the Successor Agency in the amount of $250,000 which includes the administrative costs associated with the Administrative Budget for the period of July 1, 2015 through December 31, 2015; g) section 10 – delete in its entirety; h) section 11 – revise clause to read, The Oversight Board Chairperson, Successor Agency Director of Finance, and Oversight Board General Counsel are collectively authorized to make any technical or clerical corrections to the approved ROPS 15-16A prior to filing with DOF. The Oversight Board hereby authorizes and directs the Successor Agency staff to take all actions necessary under the Dissolution Act to file, post, mail or otherwise deliver via electronic mail, internet posting, and/or hardcopy, all notices and transmittals necessary or convenient in connection with the approval of the Approved ROPS 15-16A and the Approved Administrative Budget; and as amended to include $15,000 for Independent Legal Counsel within the Administrative Budget.


 

 

 

 

            The meeting was adjourned at 2:05 pm to a date and time to be determined by the Board.  

                                   

           

 

 APPROVE:  ________________________

Chairperson



ATTEST: ________________________

Clerk