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12-1017_SJCOB_Minutes_Regular Meeting MINUTES October 17, 2012 OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY REGULAR MEETING BUSINESS SESSION Chair Freese called the Regular Meeting of the San Juan Capistrano Oversight Board to the Successor Agency of the San Juan Capistrano Community Redevelopment Agency at 3:01 p.m. Board Member Doll led the Pledge of Allegiance. BOARD MEMBERS PRESENT: Lori Doll, Clark Hampton, Bruce Tatarian, Larry Thomas, and Chair Freese. BOARD MEMBERS ABSENT: Board Member McCord and Vice-Chair Kerr Agenda items are presented in the originally agendized format for the benefit of the minutes' reader, but were not necessarily heard in that order. ORAL COMMUNICATIONS: None CONSENT CALENDAR: Moved by Board Member Thomas, seconded by Board Member Doll, and carried 3-0, with Board Member Tatarian and Chair Freese abstain, and Board Member McCord and Vice-Chair Kerr absent to approve consent calendar 1. Motion fails. 1. OVERSIGHT BOARD MINUTES — SPECIAL MEETING OF OCTOBER 10, 2012, FAILED. ROLL CALL: AYES: BOARD MEMBER: Doll, Hampton, and Thomas NOES: BOARD MEMBER: None ABSENT: BOARD MEMBER: McCord and Vice-Chair Kerr ABSTAIN: BOARD MEMBER: Tatarian and Chair Freese BOARD ACTIONS: 1. OVERSIGHT BOARD RESOLUTION 12-10-17-12 APPROVED ADOPTING THE INDEPENDENT ACCOUNTANT'S REPORT FOR THE LOW AND MODERATE INCOME HOUSING FUND DUE DILIGENCE REVIEW CONDUCTED PURSUANT TO HEALTH & SAFETY CODE SECTION 34179.5 FOR THE LOW AND MODERATE INCOME HOUSING FUND AND AUTHORIZING STAFF TO TRANSFER MONEYS TO THE SAN JUAN CAPISTRANO HOUSING AUTHORITY AS PROVIDED IN THE REPORT, SUBJECT TO APPROVAL BY THE DEPARTMENT OF FINANCE (310.40) SD Cindy Russell, Finance Officer, provided an agenda report and responded to questions. Board Action: Moved by Board Member Thomas, seconded by Board Member Tatarian, and carried 5-0 with Board Member McCord and Vice-Chair Kerr absent to adopt OVERSIGHT BOARD RESOLUTION NO. 12-10-17-01 entitled "A RESOLUTION OF THE OVERSIGHT BOARD TO THE SAN JUAN CAPISTRANO COMMUNITY REDEVELOPMENT AGENCY APPROVING THE INDEPENDENT ACCOUNTANT'S REPORT FOR THE LOW AND MODERATE INCOME HOUSING FUND DUE DILIGENCE REVIEW CONDUCTED PURSUANT TO HEALTH & SAFETY CODE SECTION 34179.5 FOR THE LOW AND MODERATE INCOME HOUSING FUND AND AUTHORIZING STAFF TO TRANSFER MONEYS TO THE SAN JUAN CAPISTRANO HOUSING AUTHORITY AS PROVIDED IN THE REPORT, SUBJECT TO APPROVAL BY THE DEPARTMENT OF FINANCE." ROLL CALL: AYES: BOARD MEMBER: Doll, Hampton, Tatarian, Thomas and Chair Freese NOES: BOARD MEMBER: None ABSENT: BOARD MEMBER: McCord and Vice-Chair Kerr 2. CONSENSUS TO CANCEL THE REGULAR MEETING OF NOVEMBER 15, 2012, AND RETAIN THE REGULAR MEETING OF DECEMBER 19, 2012, AS SCHEDULED. BOARD COMMENTS: None. ADJOURNMENT: There being no further business, Chair Freese adjourned the meeting at 3:11 p.m. to Wednesday, December 19, 2012, at 3:00 p.m. for the public Business Session, in the City Council Chambers. Respectfully submitted, M IA MO , I CLER Approved: December 19, 2012 ATTE L?�z _Z�_ LAURA FREESE, CHAIR 2 10-17-2012