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MINUTES OF THE
CITY OF SAN RAMON – OVERSIGHT BOARD
January 17, 2013

A regular meeting of the Oversight Board of the City of San Ramon was held on
January 17, 2013 at 5:01 p.m. in the City Council Chamber at City Hall, 2222 Camino Ramon, Vice Chair Marc Fontes presiding.
PRESENT:  Boardmembers Gary Black, Patricia Boom, Mary Lou Oliver, and Vice Chair Marc Fontes.
ABSENT:  Boardmembers John Nejedly and Scott Perkins.
STAFF PRESENT:  City Manager Greg Rogers, Administrative Services Director Eva Phelps, and Board Clerk Patricia Edwards.

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PLEDGE OF ALLEGIANCE

Vice Chair Fontes led those present in the pledge of allegiance.

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ANNOUNCEMENTS

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PUBLIC COMMENT

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APPROVAL OF MINUTES

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CONSENT CALENDAR

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UNFINISHED BUSINESS

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NEW BUSINESS

(#8.1) Resolution OB No. 2013-001 – Approving the Due Diligence Review for the Non-Housing Funds and Accounts of the Former San Ramon Redevelopment Agency.

Eva Phelps, Administrative Services Director, reported that this is the second step in the approval process for the Due Diligence Review for the Non-Housing Funds and Accounts of the Former San Ramon Redevelopment Agency.  The Review was presented to the Oversight Board (OB) on January 10, 2013 and provided for public comment.  The Due Diligence Review is a review and analysis of eleven defined procedures to determine the current status of various assets held by the former San Ramon Redevelopment Agency.  The results of the review determined that there is no unobligated balance of cash or cash equivalents available for allocation to taxing entities.

Mbr. Oliver requested a definition of “RPTTF” referenced in Procedure 6.  Ms. Phelps responded that this is a trust fund held by the county.  Vice Chair Fontes clarified that this term is used for Redevelopment funds since the Redevelopment Agency no longer exists.  The Successor Agency uses this fund to pay debt service and other obligations.  Ms. Phelps stated that RPTTF is an acronym for Redevelopment Property Tax Trust Fund.

Vice Chair Fontes asked if any inquiries or comments have been received regarding the Review since the January 10, 2013 OB meeting.  Ms. Phelps responded that she has received no inquiries. After the OB approves Resolution OB No. 2013-001, the Resolution and final Due Diligence Review will be transmitted to the Department of Finance, the State Controller’s Office, and the County Controller.     

Mbr. Boom’s motion to approve Resolution OB No. 2013-001 was seconded by Mbr. Oliver and passed 4-0-2-0.  Mbrs. Perkins and Nejedly were absent. 

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The Board Clerk provided copies of the information distributed by Roz Rogoff at the January 10, 2013 OB meeting to the Board members.  She stated that the next OB meeting will be in February.

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ADJOURNMENT

At 5:08 p.m., there being no further business, Vice Chair Fontes adjourned the meeting.


Marc Fontes, Vice Chair
Patricia Edwards, Board Clerk

Approved at the February 21, 2013 Oversight Board meeting 5-0-1-1; Mbr. Nejedly abstain; Mbr. Perkins absent.

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