Laserfiche WebLink
REQUEST FOR <br />COUNCIL / <br />SUCCESSOR <br />AGENCY ACTION <br />CITY COUNCIL MEETING DATE: <br />SEPTEMBER 4, 2018 <br />TITLE: <br />ADOPT RESOLUTION APPROVING AN <br />AMENDED RECOGNIZED OBLIGATION <br />PAYMENT SCHEDULE FOR THE PERIOD <br />OF JANUARY 1, 2019 THROUGH JUNE 30, <br />2019 AND APPROVE APPROPRIATION <br />ADJUSTMENT <br />(NON -GENERAL FUND) <br />(STRATEGIC PLAN NO. 4, 1) <br />RECOMMENDED ACTION <br />CITY COUNCIL ACTION <br />CLERK OF COUNCIL USE ONLY: <br />❑ As Recommended <br />❑ As Amended <br />❑ Ordinance on 1s' Reading <br />❑ Ordinance on 2nd Reading <br />❑ Implementing Resolution <br />❑ Set Public Hearing For <br />CONTINUED TO <br />FILE NUMBER <br />Approve an appropriation adjustment recognizing $250,000 in the Housing Successor Agency <br />Fund prior year carry forward account (no. 60718002-50001) and appropriating same to the <br />expenditure account (no. 60718830-66220). <br />SUCCESSOR AGENCY ACTION <br />Adopt a resolution approving the Amended Recognized Obligation Payment Schedule for the <br />period of January 1, 2019 through June 30, 2019 pursuant to Part 1.85 of Division 24 of the <br />California Health & Safety Code. <br />DISCUSSION <br />Pursuant to Part 1.85 of Division 24 of the California Health & Safety Code ("Dissolution Act"), the <br />City Council on January 9, 2012, elected for the City to act as the "Successor Agency' to the <br />dissolved Community Redevelopment Agency ("Agency'). On February 1, 2012, in accordance <br />with the Dissolution Act and the California Supreme Court's decision in California Redevelopment <br />Association v. Matosantos, Case No. S194861, the Agency was dissolved and the City began to <br />serve as the "Successor Agency." The City Council serves as the governing body of the <br />Successor Agency under the Dissolution Act as amended by AB 1484, AB 471, and SB 107, to <br />administer the enforceable obligations of the Agency and otherwise unwind the Agency's affairs. <br />80A-1 <br />