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TheCityOfLoma LindaCalifornia

January 7, 2013

Special Meeting
Monday, January 7, 2013
4:30 p.m.
Beginning Resolution No. 2013-014

CALL TO ORDER

1. Roll Call

BUSINESS ITEMS

1. Approval of October 9, 2012 Minutes (Report)
2. Receive from the Successor Agency the Independent Accountant’s Report from the Due Diligence Review conducted pursuant to Section 34179.5 for all funds and accounts other than the Low and Moderate Income Housing fund and convene public comment session (Report) (Resolution) (Due Diligence Report) (TI-Cash Flow)

Proposed and Recommended Action

ADOPT OVERSIGHT BOARD RESOLUTION NO. 2013-001 Receiving from the Successor Agency, and convening a public comment session of, The Independent Accountant’s Report re the Due Diligence Review conducted pursuant to Section 34179.5 for all funds and accounts other than the Low and Moderate Income Housing fund; directing Successor Agency Staff to make such Report available to the public for review and comment for not less than five (5) business days hereafter; directing Successor Agency Staff to receive from the County auditor-Controller (CAC) the results of the CAC’s review of such Report and directing transmittal thereof to the Oversight Board for consideration with public’s comments, if any; and directing Successor Agency Staff that after such reviews and prior to January 15, 2013 that the Report be presented again to the Oversight Board for final review and action taking into consideration the public comments and CAC’s opinions, if any, all pursuant to Sections 34179.5 and 34179.6 of the Dissolution Act

(Note: Pursuant to Section 34179(h) as amended by Assembly Bill 1484 effective June 27, 2012, written notice and information about all actions taken by the Oversight Board shall be provided to the Department of Finance (“DOF”) by electronic means and in a manner of DOF’s choosing. Generally, an oversight board’s action shall become effective five (5) business days after notice in the manner specified by the DOF unless the DOF requests a review provided however the subject report will be considered and acted on pursuant to the process and timing of Sections 34179.5 and 34179.6.)

Public review of Successor Agency Non-Housing Due Diligence Review; Resolution acknowledging receipt and conduct of public review session

PUBLIC COMMENT

This is the time set aside for public comment on any matter not listed on the agenda. Please complete a "Request to Speak" form and limit your comments to three minutes. When addressing the Oversight Board, please state your name and address,

CHAIR AND BOARD MEMBERS' ITEMS

ADJOURNMENT to 4:30 p.m., Monday, January 14 in the Civic Center Community Room