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HomeMy WebLinkAbout082912 OB SARDA Special Meeting Agenda SPECIAL MEETING NOTICE/AGENDA SIGNATURE PAGE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY CITY COUNCIL CHAMBERS 41000 MAIN STREET TEMECULA, CALIFORNIA WEDNESDAY, AUGUST 29, 2012 6:30 PM I hereby certify that I received the above "Notice and Call of Special Meeting of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency," prior to 4:00 p.m. on August 28, 2012. to- oh. -yer Gary Thorn ill Chairperson Vice Chairperson Lori Ordway-P ck harles Turner Board Member Board Member 4111 I Of J+an Sparkman/ John Kelliher Board Member Board Member Je - -s Board N1- ber in compliance with the Americans with Disabilities Act, if you need special assistance to perticipate in this meeting, please contact the office of the City Clerk (951) 694-6444. Notification 48 hours prior to a meeting will enable the City to make reasonable arrangements to ensure accessibilityto that mee6ng„[28 CFR 35.102.35.104 ADA Title II]. SPECIAL MEETING NOTICE/AGENDA OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY COUNCIL CHAMBERS 41000 MAIN STREET AUGUST 29, 2012 — 6:30 PM Next in Order: Resolution: 12-07 CALL TO ORDER: Chairperson John Meyer Rolf Call: Meyer, Thornhill, Gonzales, Kelliher, Ordway-Peck, Sparkman,Turner, PUBLIC COMMENTS A total of 15 minutes is provided so members of the public may address the Commission on items that are not listed on the Agenda. Speakers are limited to three minutes each. If you desire to speak to the Commission about an item not on the Agenda, a salmon colored "Request to Speak" form should be filled out and filed with the Commission Secretary. When you are called to speak, please come forward and state your name for the record. For all other agenda items a"Request to Speak" form� must be filed with the Commission Secretary prior to the Commission addressing that item. There is a three-minute time � limit for individual speakers. CONSENT CALENDAR 1 Minutes RECOMMENDATION: 1.1 Approve the action minutes of April 25, 2012. 2 Minutes RECOMMENDATION: 2.1 Approve the action minutes of May 23, 2012. 3 Minutes ' RECOMMENDATION: 2.2 Approve the action minutes of August 22, 2012. � � 1 � BOARD BUSINESS 4 Adoot Recoanized Obliqafion Pavment Schedules for the �eriods of January 1 2013 throus�h June 31, 20i3 - � REC�MMENDATION: 4.1 Adopt a resolution entitled: RESOLUTION NO. OS SARDA 12- � A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY 70 7HE TEMECULA REDEVELOPMEN7 AGENCY APPROVING A RECOGPIIZED OBLIGATION PAYMENT SCHEOULE FOR THE PERIODS OF JANUARY 1, 2013 THROUQH JUNE 30, 2013 PURSUANT TO MEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ADJOURNMENT Next regular meeting: Wednesday, September 12, 2012, 6:30 PM, in the Council Chambers, 410Q0 Main Streef, Temecula, Californfa. ---� ; ' ,' � 2 � ��Z �,`,! , r --- Date �JoHn Meyer ~ Cliairperson NOTICE TO THE PUBLIC The Agenda will be available for viewing, prior to the meeting, at the Main Receptian at Ciiy Ffall — 4t000 Main Street, Temecula, 8:00 — 5:00 PAA as well as on the City's website — www.c�qflemecula.org. Any sta#f report/written material pertaining to this meeting wili be available, prior ta the meeting, for public review at ihe Main Reception and at the respective meeting. Any Supplemental Materlal distributed to a majoriry of the Committee Members regarding any item on the Agenda, atter the posting of the Agenda, will be available for public review at the Nlaln Receptian. In addilion, such material will be made available tor review at the respect+ve meeting. If you have any questions regarding any item of business on the Agenda for this meetirig, ptease contact City Hall — 951-694-6400. 2 � ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING CITY COUNCIL CHAMBERS 41000 MAIN STREET APRIL 25, 2012 — 6:30 PM CALL TO ORDER: John Meyer, Chairperson Roll Call: Meyer, Thornhill, Sparkman, Turner PUBLIC COMMENTS A total of 15 minutes is provided so members of the public may address the Commission on items that are not listed on the Agenda. Speakers are limited to three minutes each. If you desire to speak to the Commission about an item not on the Agenda, a"Request to Speak" form should be filled out and filed with the Board Secretary. When you are called to speak, please come forward and state your name for the record. For all other agenda items a"Request to Speak" form must be filed with the Board Secretary prior to the Commission addressing that item. There is a three-minute time limit for individual speakers. None CONSENT CALENDAR 1 Approve the Minutes of March 28, 2012 CONTINUED TO NEXT SCHEDULE MEETING DUE TO LACK OF C�OURUM OF BOARD MEMBERS FROM MEETING OF MARCH 28, 2012. BOARD BUSINESS 2 Adopt a Recoqnized Obliqation Payment Schedule for Julv 1, 2012 throuqh December 31, 2012 APROVED 4-0; VOTE REFLECTED UNANIMOUS APPROVAL RECOMMENDATION: 2.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 12-05 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1, 2012 THROUGH 1 DECEMBER 31, 2012 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH 3 Adopt Proposed Administrative Budpets for the Successor Aqency to the� Temecula Redevelopment Aqencv Pursuant to Health and Safetv Code Section 34177 APPROVED 4-0; VOTE REFELCTED UNANIMOUS APPROVAL RECOMMENDATION: 3.1 Adopt a resoiution entitled: OB SARDA RESOLUTION NO. 12-06 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING PROPOSED ADMINISTRATIVE BUDGETS PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION � THEREWITH ADJOURNMENT Next regular meeting: Wednesday, May 9, 2012, 6:30 PM, City Council Chambers, 41000 Main Street, Temecula, California. John Meyer Chairperson Robert C. Johnson Executive Director/City Manager ATTEST: Susan W. Jones, MMC Agency Secretary/City Clerk 2 ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING CITY COUNCIL CHAMBERS 41000 MAIN STREET MAY 23, 2012 — 6:30 PM CALL TO ORDER: Chairperson John Meyer Roll Call: Meyer, Thornhill, Gonzales, Kelliher, Ordway-Peck, Sparkman,Turner, PUBLIC COMMENTS A total of 15 minutes is provided so members of the public may address the Commission on items that are not listed on the Agenda. Speakers are limited to three minutes each. If you desire to speak to the Commission about an item not on the Agenda, a salmon colored "Request to Speak" form should be filled out and filed with the Commission Secretary. When you are called to speak, please come forward and state your name for the record. For all other agenda items a"Request to Speak" form must be filed with the Commission Secretary prior to the Commission addressing that item. There is a three-minute time limit for individual speakers. NOTICE TO THE PUBLIC All matters listed under Consent Calendar are considered to be routine and all will be enacted by one roll call vote. There will be no discussion of these items unless Members of the Planning Commission request specific items be removed from the Consent Calendar for separate action. CONSENT CALENDAR 1 Minutes RECOMMENDATION: 1.1 Approve the action minutes of March 28, 2012. APPROVED 5-0. VOTE REFELCTED UNANIMOUS APPROVAL 2 Minutes � RECOMMENDATION: 2.1 Approve the action minutes of April 25, 2012. CONTINUED DUE TO LACK OF QUOROM OF BOARD MEMBERS FROM.THE APRIL 25, 2012 MEETING. � BOARD BUSINESS 3 Adopt Amended Recoqnized Obliqation Payment Schedules for the periods of January 1, 2012, throuqh December 31, 2012 and Julv 1. 2012 throuqh December 31, 2012 APPROVED 5-0. VOTE REFELCTED UNANIMOUS APPROVAL RECOMMENDATION: 3.1 Adopt a resolution entitled: RESOLUTION NO. OB SARDA 12- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING AN AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JANUARY 1, 2012 THROUGH JUNE 30, 2012 AND JULY 1, 2012 THROUGH DECEMBER 31, 2012 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH ADJOURNMENT Next regular meeting: Wednesday, June 13, 2012, 6:30 PM, in the Council Chambers, 41000 Main Street, Temecula, California. John Meyer Chairperson Robert C. Johnson Executive Director/City Manager ATTEST: Susan W. Jones, MMC Agency Secretary/City Clerk � 2 ' ACTION MINUTES OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY REGULAR MEETING GREAT OAK CONFERENCE ROOM 41000 MAIN STREET AUGUST 22, 2012 — 6:30 PM CALL TO ORDER: Chairperson John Meyer Roll Call: Meyer, Thornhill, Gonzales, Ordway-Peck, Turner, PUBLIC COMMENTS A total of 15 minutes is provided so members of the public may address the Commission on items that are not listed on the Agenda. Speakers are limited to three minutes each. If you desire to speak to the Commission about an item not on the Agenda, a salmon colored "Request to Speak" form should be filled out and filed with the Commission Secretary. When you are called to speak, please come forward and state your name for the record. For all other agenda items a"Request to Speak" form must be filed with the Commission Secretary prior to the Commission addressing that item. There is a three-minute time limit for individual speakers. CONSENT CALENDAR 1 Minutes � RECOMMENDATION: 1.1 Approve the action minutes of April 25, 2012. CONTINUED DUE TO LACK OF QUOROM OF BOARD MEMBERS FROM THE APRIL 25, 2012 MEETING. 2 Minutes RECOMMENDATION: 2.1 Approve the action minutes of May 23, 2012. CONTINUED DUE TO LACK OF QUOROM OF BOARD MEMBERS FROM THE MAY 23, 2012 MEETING. BOARD BUSINESS 3 Review Recoqnized Obliqation Pavment Schedules for the periods of January 1, 2013 throuqh June 30, 2013. � ADJOURNMENT Next regular meeting: Wednesday, August 29, 2012, 6:30 PM, in the Great Oak Conference Room, 41000 Main Street, Temecula, California. John Meyer Chairperson Robert C. Johnson Executive Director/City Manager ATTEST: Susan W. Jones, MMC Agency Secretary/City Clerk 2 THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY AGENDA REPORT TO: Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency Patrick Richardson, Director Development Services for the Successor Agency FROM: to the Temecula Redevelopment Agency DATE: August 29, 2012 SUBJECT: Recognized Obligation Payment Schedules for the periods of January 1, 2013 through June 30, 2013 PREPARED BY: Luke Watson, Senior Planner for the Successor Agency to the Temecula Redevelopment Agency RECOMMENDATION: Adopt a resolution entitled: RESOLUTION NO. OB SARDA 12- A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JANUARY 1, 2013 THROUGH JUNE 30, 2013 PURSUANT TO � HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH BACKGROUND: The Redevelopment Agency of the City of Temecula was a redevelopment agency in the City of Temecula, duly created pursuant to the Community Redevelopment Law, Part 1, commencing with Section 33000, of Division 24 of the California Health and Safety Code (hereafter the "Temecula Redevelopment Agency"). On June 12, 1988, the Board of Supervisors of the County of Riverside adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside County Redevelopment Project No. 1988-1." On December 1, 1989, the City of Temecula was incorporated. The boundaries of the Project Area described in the Plan are entirely.within the boundaries of the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted Ordinances Nos. 91-08, 91-11, 91-14, and 91-15 establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over the Plan from the County to the City. Pursuant to Ordinance Nos. 91-11 and 91-15, the City of Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of July 1, 1991. The Plan has been amended by Ordinance Nos. 94-33, 06-11 and 07-20 adopted by the City Council. The Agency duly adopted its Implementation Plan for 2010-2014 on December 8, 2009 in accordance with Health and Safety Code Section 33490. ABX1 26 and ABX1 27 were signed by the Governor of California on June 29, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) ("Part 1.85") to Division 24 of the California Health and Safety Code ("Health and Safety Code"). The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that ABX1 26 and ABX1 27 were unconstitutionai. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding ABX1 26, invalidating ABX1 27, and holding that ABX1 26 may be severed from ABX1 27 and enforced independently. The Supreme Court generally revised the effective dates and deadlines for performance of obligations in Part 1.85 arising before May 1, 2012 to take effect four months later. As a result of the Supreme Court's decision, on February 1, 2012, all redevelopment agencies, including the Temecula Redevelopment Agency, were dissolved and replaced by successor agencies established pursuant to Health and Safety Code Section 34173. The City Council of the City of Temecula (the "City") adopted Resolution No. 12-02 January 10, 2012, pursuant to Part 1.85 electing for the City to serve as the Successor Agency for the Temecula Redevelopment Agency upon the Agency's dissolution. The City Council of the City of Temecula, Acting as the Governing Body for the Successor Agency to the Temecula Redevelopment Agency adopted Resolution No. 12-01 on February 28, 2012 declaring the Successor Agency to the Temecula Redevelopment Agency duly constituted pursuant to law and establishing rules and regulations for the operation of the Successor Agency to the Temecula Redevelopment Agency ("Successor Agency"). Recoqnized Obliqations Pavment Schedules Pursuant to Health and Safety Code Section 34177(1)(2)(B), successor agencies are required to prepare in advance a Recognized Obligation Payment Schedule (ROPS) that is forward looking for six months and covering the periods of January 1, 2013 through June 30, 2013. The ROPS lists all of the Successor Agency's financial obligations. The Successor Agency is required to submit this ROPS to the Oversight Board for approval after the Successor Agency has delivered its approval. After the Oversight Board approves the ROPS the Successor Agency is then required to submit the approved ROPS to the State Department of Finance and the County Auditor Controller no later than September 4, 2012. � Preparation of a Recognized Obligation Payment Schedule is in furtherance of allowing the Successor Agency to pay enforceable obligations of the former Redevelopment Agency. FISCAL IMPACT: Adoption of the proposed resolutions will enable the Successor Agency to fulfill its enforceable obligations. In accordance with Health and Safety Code Section 34173(e), the liability of the Successor Agency, acting pursuant to the powers granted under Part 1.85, shall be limited to the extent of, and payable solely from, the total sum of property tax revenues it receives pursuant to Part 1.85 and the value of assets transferred to it as a successor agency for a dissolved redevelopment agency. The debts, assets, liabilities, and obligations of the Successor Agency shall be solely the debts, assets, liabilities, and obligations of the Successor Agency and not of the City. ATTACHMENTS: 1. Resolution No. OB SARDA 12- 2. Exhibit A— Draft Recognized Obligations Payment Scheduie for the periods of January 1, 2013 through June 30, 2013 ATTACHMENTS: 1. Resolution Exhibit A- Recognized Obligations Payment Schedule for the periods of January 1, 2012 through June 30, 2012 Exhibit B- Recognized Obligations Payment Schedule for the periods of July 1, 2012 through December 31, 2012 2. Official Correspondence from the State Department of Finance denying the January 1, 2012 through June 30, 2012 ROPS 3. Official Correspondence from the State Department of Finance denying the July 1, 2012 through December 31, 2012 ROPS RESOLUTION NO. OB SARDA 12-07 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIODS OF JANUARY , 1, 2013 THROUGH JUNE 30, 2013 PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS: Section 1. Recitals. The Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency does hereby find, determine and declare that: A. The Redevelopment Agency of the City of Temecula was a redevelopment agency in the City of Temecula, duly created pursuant to the Community Redevelopment Law, Part 1, commencing with Section 33000, of Division 24 of the California Health and Safety Code (hereafter the "Temecula Redevelopment Agency"). On June 12, 1988, the Board of Supervisors of the County of Riverside adopted Ordinance No. 658 adopting and approving the "Redevelopment Plan for Riverside County Redevelopment Project No. 1988-1." On December 1, 1989, the City of Temecula was incorporated. The boundaries of the Project Area described in the Plan are entirely within the boundaries of the City of Temecula. On April 9, 1991, the City Council of the City of Temecula adopted Ordinances Nos. 91-08, 91-11, 91-14, and 91- 15 establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over the Plan from the County to the City. Pursuant to Ordinance Nos. 91- 11 and 91-15, the City of Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the Plan as of July 1, 1991. The Plan has been amended by Ordinance Nos. 94-33, 06-11 and 07-20 adopted by the City Council. The Agency duly adopted its Implementation Plan for 2010-2014 on December 8, 2009 in accordance with Health and Safety Code Section 33490. B. ABX1 26 and ABX1 27 were signed by the Governor of California on June 29, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) ("Part 1.85") to Division 24 of the California Health and Safety Code ("Health and Safety Code"). C. The California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that ABX1 26 and ABX1 27 were unconstitutional. D. On December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding ABX1 26, invalidating ABX1 27, and holding that ABX1 26 may be severed from ABX1 27 and enforced independently. E. The Supreme Court generally revised the effective dates and deadlines for performance of obligations in Part 1.85 arising before May 1, 2012 to take effect four months later. F. As a result of the Supreme Court's decision, on February 1, 2012, all redevelopment agencies, including the Temecula Redevelopment Agency, were dissolved and replaced by successor agencies established pursuant to Health and � Safety Code Section 34173. G. The City Council of the City of Temecula (the "City") adopted Resolution No. 12-02 January 10, 2012, pursuant to Part 1.85 electing for the City to serve as the successor agency for the Temecula Redevelopment Agency upon the " Agency's dissolution. � H. The City Council of the City of Temecula, Acting as the Governing Body for the Successor Agency to the Temecula Redevelopment Agency adopted Resolution No. 12-01 on February 28, 2012 declaring the Successor Agency to the Temecula Redevelopment Agency duly constituted pursuant to law and establishing rules and regulations for the operation of the Successor Agency to the Temecula Redevelopment Agency ("Successor Agency"). I. Health and Safety Code Section 34177(I), as modified by the California Supreme Court, provides that by March 1, 2012, the Successor Agency must prepare a draft initial Recognized Obligation Payment Schedule for the enforceable obligations of the former Redevelopment Agency, in accordance with the requirements of paragraph (I). The draft schedule must be reviewed and certified, as to its accuracy, by an external auditor designated at the county auditor-controller's direction pursuant to Health and Safety Code Section 34182. The certified Recognized Obligation Payment Schedule must be submitted to and approved by the oversight board. Finally, after approval by the oversight board, a copy of the approved Recognized Obligation Payment Schedule must be submitted to the county auditor-controller, the State Controller and the State Department of Finance ("DOF"), and be posted on the Successor Agency's web site. The first Recognized Obligation Payment Schedule submitted to the State Controller and the DOF will be for payments for the period of January 1, 2012 to June 30, 2012, inclusive. The second Recognized Obligation Payment Schedule will be for the payments for the period of July 1, 2012 to December 31, 2012. J. Accordingly, the Board desires to adopt this Resolution approving the Recognized Obligation Payment Schedule for the periods of January 1, 2013 through . June 30, 2013 in accordance with Part 1.85. � Section 2. This Resolution is adopted pursuant to Health and Safety Code Section 34177. Section 3. The Board hereby approves the Recognized Obligation Payment Schedule for the periods of January 1, 2013 through June 30, 2013 substantially in the form attached as Exhibit A to this Resolution and incorporated herein by reference (the "ROPS"). The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify the ROPS as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 4. The Board hereby designates the Finance Director as the official to whom the DOF inay make requests for review in connection with the ROPS and who shall provide the DOF with the telephone number and e-mail contact information for the purpose of communicating with the DOF. Section 5. The officers and staff of the Successor Agency are hereby authorized and directed, jointly and severally, to do any and all things which they may deem necessary or advisable to effectuate this Resolution, including submitting the certified Recognized Obligation Payment Schedule to the oversight board for approval, and any such actions previously taken by such officers are hereby ratified and confirmed. Section 6. The Secretary shall certify to the adoption of this Resolution. D PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency this 29 day of August, 2012. _ John Meyer, Chairperson ATTEST: Susan W. Jones, MMC Board Secretary STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss . CITY OF TEMECULA ) I, Susan W. Jones, MMC, Board Secretary of the Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No. OB SARDA 12-07 was duly and regularly adopted by the Board Members of the Oversight Board of the Successor Agency to the Temecula Redevelopment Agency of the City of Temecula at a meeting thereof held on the 29 day of August, 2012, by the following vote: AYES: BOARD MEMBERS: � NOES: BOARD MEMBERS: ABSENT: BOARD MEMBERS: ABSTAIN: BOARD MEMBERS: Susan W. Jones, MMC Board Secretary