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Oversight Board of the Successor Agency to the Redevelopment Agency of the City of Long Beach

Wednesday, January 27, 2016 · 9:00 AM AM · 333 W. Ocean Boulevard Council Chamber

TL;DR

The Long Beach Successor Agency to the Redevelopment Agency held a brief meeting to finalize administrative matters related to past redevelopment projects and housing funds. The board approved several resolutions to manage financial obligations and remove the agency from certain past agreements.

Key Decisions

  • Approve Repayment Schedule for Low- and Moderate-Income Housing Funds Passed
  • Approve Recognized Obligation Payment Schedule for 2016-2017 Passed
  • Remove Agency from 4th Street Lofts Development Agreements Passed
  • Confirm Legitimacy of Past City-Redevelopment Agency Agreements Passed
Agenda PDF Minutes PDF

Agenda

  1. ROLL CALL (9:00 AM)
  2. FINISHED AGENDA & MINUTES
  3. SPECIAL MEETING
  4. CALL TO ORDER (9:00 AM)
  5. FLAG SALUTE (9:01 AM)
  6. SUCCESSOR AGENCY STAFF COMMENTS (9:01 AM)
  7. REGULAR AGENDA (9:02 AM)
  8. COMMENTS FROM OVERSIGHT BOARDMEMBERS (9:14 AM)
  9. ADJOURNMENT (9:16 AM)
  10. Also present: Richard Anthony, Deputy City Attorney; Amy Bodek, Director of Development Services; Lisa Fall, Administrative and Financial Services Bureau Manager; Jonathan Nagayama, City Clerk Assistant.
  11. AGENDA NO. 24
  12. SPECIAL MEETING - 9:00 A.M.
  13. CALL TO ORDER
  14. ROLL CALL
  15. FLAG SALUTE
  16. SUCCESSOR AGENCY STAFF COMMENTS
  17. PUBLIC COMMENT
  18. REGULAR AGENDA
  19. 1. Recommendation to receive and file the Notice of Adjournment for the January 4, 2016 Regular Meeting of the Oversight Board of the City of Long Beach, as the Successor Agency to the Redevelopment Agency of the City of Long Beach.
    OB-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Boardmember Meyer, seconded by Boardmember Steinhauser, to approve recommendation. The motion carried by the following vote:

  20. 2. Recommendation to approve the minutes for the Oversight Board of the City of Long Beach, as the Successor Agency to the Redevelopment Agency of the City of Long Beach Regular Meeting held Monday, December 7, 2015.
    OB-Agenda Item
    Action: approve recommendation Passed

    A motion was made by Boardmember Meyer, seconded by Boardmember Powers, to approve recommendation. The motion carried by the following vote:

  21. 3. Recommendation to adopt resolution approving an amended repayment schedule for the amount of property tax funds (formerly 20 Percent Tax Increment Set-Aside) the former Redevelopment Agency of the City of Long Beach owes to the Low- and Moderate-Income Housing Asset Fund.
    OB-Resolution
    Action: approve recommendation and adopt Passed

    A motion was made by Boardmember Powers, seconded by Boardmember Tolentino, to approve recommendation and adopt Resolution No. O.B. 01-2016. The motion carried by the following vote:

  22. 4. Recommendation to adopt resolution finding that certain agreements between the City of Long Beach and the former Redevelopment Agency of the City of Long Beach were for legitimate redevelopment purposes; and Approve a repayment schedule for those agreements.
    OB-Resolution
    Action: approve recommendation and adopt Passed

    A motion was made by Boardmember Tolentino, seconded by Boardmember Steinhauser, to approve recommendation and adopt Resolution No. O.B. 02-2016. The motion carried by the following vote:

  23. 5. Recommendation to adopt resolution approving the draft Recognized Obligation Payment Schedule 16-17, for the period of July 1, 2016 through June 30, 2017.
    OB-Resolution
    Action: approve recommendation and adopt Passed

    A motion was made by Boardmember Steinhauser, seconded by Boardmember Tolentino, to approve recommendation and adopt Resolution No. O.B. 03-2016. The motion carried by the following vote:

  24. 6. Recommendation to adopt resolution authorizing City Manager to execute any and all documents necessary to remove the Successor Agency to the Redevelopment Agency of the City of Long Beach as a responsible party to any and all agreements related to the 4th Street Lofts development project at 834 East Fourth Street and 355 Alamitos Avenue, including the Disposition and Development Agreement, dated January 10, 2002, among Team Lofts, LLC, the City of Long Beach and the Redevelopment Agency of the City of Long Beach, and the Parking Easement Agreement dated June 20, 2002, between Team Lofts, LLC, and the Redevelopment Agency of the City of Long Beach at such time as the City of Long Beach replaces the Redevelopment Agency as successor to the Parking Easement Agreement.
    OB-Resolution
    Action: approve recommendation and adopt Passed

    A motion was made by Boardmember Meyer, seconded by Boardmember Powers, to approve recommendation and adopt Resolution No. O.B. 04-2016. The motion carried by the following vote:

  25. COMMENTS FROM OVERSIGHT BOARDMEMBERS
  26. ADJOURNMENT
  27. I, Megan Wiegelman, City Clerk Specialist, certify that the agenda was posted not less than 72 hours prior to the meeting. __________________________ Date: ___________
  28. NOTE: The agenda and supporting documents are available on the Internet at www.longbeach.gov. Agenda items may be reviewed in the Office of the City Clerk or online at the Main Library and at the Branch Libraries. Persons interested in obtaining an agenda via e-mail should subscribe to the City of Long Beach LINKLB System at www.longbeach.gov/linklb. E-Mail correspondence can be directed to cityclerk@longbeach.gov. Communicate through the Telephone Device for the Deaf (TDD) at (562) 570-6626. If a special accommodation is desired pursuant to the Americans with Disabilities Act, or if you need the agenda provided in an alternate format, please phone the Office of the City Clerk at (562) 570-6101 by 12 noon Friday, the day prior to the meeting. Inquire at the City Council Chamber Audio-Visual Room for an assistive listening device.