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HomeMy WebLinkAboutElection of Chair and Vice Chair of the Oversight Board to tOversight Board of the Huntington Beach Successor Agency to the Redevelopment Agency MEETING DATE: March 26, 2012 SUBJECT/ACTION: ELECTION OF CHAIR AND VICE CHAIR RECOMMENDED ACTION Elect one member to serve as ("Board") Chair, and Vice Chair of the Oversight Board to the Successor Agency to the dissolved Huntington Beach Redevelopment Agency for the 2012 calendar year. BACKGROUND AND DISCUSSION AB 1x26, the Redevelopment Dissolution Act, requires each successor agency to have an Oversight Board composed of seven members. The Oversight board must elect one of its members as Chair to preside over the Oversight board meetings. It is also recommended that a Vice Chair be elected to preside over meetings in the absence of the Chair. Staff recommends that one-year terms be adopted. It is also recommended that the Oversight Board Officers service through calendar year 2012, recognizing that pursuant to Health and Safety Code Section 34179(g), all Oversight Board members serve at the pleasure of the entity that appointed such member. A majority of the total membership of the Oversight Board constitutes a quorum (four members) for the transaction of business. Four (4) affirmative votes are required to approve any action taken by the Oversight Board.