Local Blogs

The Observer

By Roz Rogoff

E-mail Roz Rogoff

About this blog: In January 2002 I started writing my own online "newspaper" titled "The San Ramon Observer." I reported on City Council meetings and other happenings in San Ramon. I tried to be objective in my coverage of meetings and events, and...  (More)

View all posts from Roz Rogoff

Political Vagaries

Uploaded: Aug 16, 2012
At the last RDA Successor Oversight Board meeting, Committee member and Former Mayor Pat Boom expressed concern over the new rules being proposed in AB1484, the Redevelopment Dissolution Trailer Bill (usually referred to as the RDA Cleanup Bill).

Governor Brown passed AB1x 26 last year, which went into effect on January 1, 2012. This eliminated all city and community Redevelopment Agencies (RDA) and set rules for where the tax money collected from redeveloped properties is supposed to go.

Because this law was hastily passed without any details about how it is supposed to work, the State Assembly put together AB1484, as a follow up to clarify the requirements for Successor Agencies and Oversight Boards. Brown signed AB1484 into law in June of 2012, but the Assembly is still making changes to it.

At the first meeting of the Oversight Board on April 5, 2012 the Board added $50,000 for legal counseling to the Recognized Obligation Payment Schedule (ROPS) and $250,000 for administration.

The State Department of Finance rejected the Oversight Board's taking $50K from the ROPS; so this expense will come from another budget. Pat Boom is worried that the State will take away any money for staff even if not coming from the ROPS, which would leave the Committee unable to function.

San Ramon's Economic Development Director, Marc Fontes, who is also Vice-Chair of the RDA Successor Agency Oversight Board, gave a summary of AB1484 at the August 13, 2012 meeting.

Fontes told the Board that AB1484 is up to 100 pages and is now a portion of the Budget Bill. There are three different summaries of the bill. The State Assembly keeps adding or changing what is in this bill, making it a moving target.

I asked Marc Fontes for more information on AB1484, and he gave me a copy of a presentation by Michael P. Busch, President of Urban Futures, Inc. and Mark J. Huebsch, Shareholder, Stradling Yocca Carlson & Rauth Attorneys at Law. The presentation outlines due dates set by the Department of Finance (DOF) for specific deliverables, but I'm not sure exactly what all of the jargon means.

October 15, 2012 is the "Deadline for the Oversight Board to review, approve, and transmit a housing fund Due Diligence Review (DDR) conducted by a licensed accountant (who must be approved by the County Auditor-Controller)."

Eva Phelps, the City's Director of Administrative Services, told the Board they need to find an accountant to do the audit, but she added, "We're waiting for the requirements but it keeps changing." Pat Boom replied, "That's the frustration I have with the process. If it costs us too much money, we need to think what our options are."

January 15, 2013 is the "Deadline for the Oversight Board to review, approve, and transmit a non-housing fund DDR." As far as I know the only non-housing asset owned by the RDA Successor Agency is the Mudd's Restaurant property. The Board was planning to have Mudd's appraised before putting it up for sale. Pat Boom said, "We're not paying for an appraisal if we're not getting money for the property."

Comments

There are no comments yet for this post

Don't miss out on the discussion!
Sign up to be notified of new comments on this topic.

Email:

Follow this blogger (Receive an email when blogger makes a new post)

SUBMIT

Post a comment

Posting an item on Town Square is simple and requires no registration. Just complete this form and hit "submit" and your topic will appear online. Please be respectful and truthful in your postings so Town Square will continue to be a thoughtful gathering place for sharing community information and opinion. All postings are subject to our TERMS OF USE, and may be deleted if deemed inappropriate by our staff.

We prefer that you use your real name, but you may use any "member" name you wish.

Name: *

Select your neighborhood or school community: *

Comment: *

Verification code: *
Enter the verification code exactly as shown, using capital and lowercase letters, in the multi-colored box.

*Required Fields

Duck!
By Tom Cushing | 25 comments | 1,419 views

The Giving Season
By Roz Rogoff | 3 comments | 940 views

Thanksgiving Transfer Fever!
By Elizabeth LaScala | 0 comments | 604 views

Thankful season for ValleyCare
By Tim Hunt | 0 comments | 480 views