HomeMy WebLinkAboutMinutes 2015-02-11 @6:30 MINUTES
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c'`'�°Rto/ SPECIAL MEETING
MUNICIPAL SERVICES BUILDING
COMMUNITY ROOM
WEDNESDAY, FEBRUARY 11, 2015
6:30 P.M.
CALL TO ORDER TIME: 6:34 P.M.
ROLL CALL PRESENT: Boardmembers Matsumoto, Gupta and
Normandy and Vice Chairman Addiego.
ABSENT: Chairman Garbarino.
AGENDA REVIEW
No changes.
PUBLIC COMMENTS
None.
1.Resolution No. 2-2015 approving ROPS 15-16A. (Joe Martin, Sr.Financial Analyst).
Sr. Financial Analyst Martin presented the staff report recommending that the Board adopt a Resolution
approving Recognized Obligation Payment Schedule(ROPS 15-16A) for the period July through
December 2015. He advised the Oversight Board was set to review the ROPS at its regular meeting on
February 17, 2015 and the document was due to the state Department of Finance by March 3,2015.
Analyst Martin summarized the highlights of the ROPS, including expenses of$9.7 million, $ 6.5 million
of new Redevelopment Property Tax Trust Fund funding and$3 million related to the Oyster Point
Ventures Escrow Account.
In response to a Board question regarding format of the document,Analyst Martin advised that the form
is set by the Department of Finance. Accordingly, font colors and other formatting details could not be
changes by staff.
Motion— Boardmember Gupta/Second— Boardmember Normandy: to approve Resolution No. 2-2015.
Unanimously approved by roll call vote.
2. Closed Session: Conference with Real Property Negotiators: (Pursuant to
Government Code Section 54956.8)
Property: 227 Grand Avenue
Agency Negotiators: Alex Greenwood
Negotiating Parties: Jad Jajeh and Viet L.Nguyen and South San Francisco Successor Agency.
Under Negotiations: Price and terms for disposition of the property.
Time entered Closed Session: 6:39 P.M.
Open Session Resumed: 6:58 P.M.
Recess: 6:58 P.M.
Meeting Resumed: 7:51 P.M.
Report out of Closed Session by Vice Chair Addiego: Direction given.
ADJOURNMENT
Being no further business, Vice Chairman Addiego adjourned the meeting at 7:52 P.M.
•ubmi ed: Approved:
to i artinelli, ' erk/ Mark ddiego, Vice Ch rman
Successor - _en, , City of So S. Successor Agency, City of South San
Francisco Francisco
SPECIAL SUCCESSOR AGENCY MEETING FEBRUARY 11,2015
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