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<br /> <br /> 3/29/12 LES <br /> are limited by the amount of property taxes and the value of assets it receives in its role <br /> as the Successor Agency. <br /> Section 2. The attached Amended Recognized Obligation Payment Schedule (Exhibit <br /> A) establishes those obligations which the Community Redevelopment Agency of the City of <br /> Santa Ana has binding commitments that it has entered into and includes legal commitments <br /> that it is obligated to perform , to meet the pre-existing commitments of contracts and obligations <br /> that were established prior to the effective date of ABX1 26. <br /> Section 3. The City Manager, or his/her designee ("City Manager"), is directed to file <br /> this Amended Recognized Obligation Payment Schedule in the manner required by law. <br /> Section 4. The City Manager and/or the Director of Finance, or their respective <br /> designees, as delegated officials of the City acting as Successor Agency, are authorized to <br /> make any augmentations, modifications, additions, or revisions as may be necessary to the <br /> Amended BOPS, and as may be amended from time to time, based upon review by the State <br /> Department of Finance or the independent auditor selected by the County of Orange. <br /> Section 5. This Resolution shall take effect immediately upon its adoption by the City <br /> Council acting as the Successor Agency, and the Clerk of the Council shall attest to and certify <br /> the vote adopting this Resolution. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> 2 <br /> <br /> <br /> 4-4 <br />