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3/29/12 LES pursuant to Phis part and the value of assets transferred to it as a successor agency for a dissolved redevelopment agency." Thus, the City's obligations as Successor Agency are limited by the amount of property taxes and the value of assets it receives in its role as the Successor Agency. Section 2. The attached Second Amended Enforceable Obligation Payment Schedule (Exhibit A) establishes those obligations which the Community Redevelopment Agency of the City of Santa Ana has binding commitments that it has entered into and includes legal commitments that it is obligated to pertorm through June 30, 2012, to meet the pre-existing commitments of contracts and obligations that were established prior to the effective date of ABX1 26. Section 3. The City Manager, or his/her designee ("City Manager"), is directed to file this Second Amended Enforceable Obligation Payment Schedule in the manner required by law. Section 4. The City Manager is further authorized and directed to post the Second Amended Enforceable Obligation Payment Schedule on the Successor Agency's website and to notify the county auditor-controller, the California Department of Finance, and the Controller of the State concerning this Resolution, the Second Amended Enforceable Obligation Payment Schedule, and its online publication. Section 5. The City Manager and/or the Director of Finance, or their respective designees, as delegated officials of the City acting as Successor Agency, are authorized to make any augmentations, modifications, additions, or revisions as may be necessary to the FOPS, as amended, based upon review by the State Department of Finance. Section 6. This Resolution shall take effect immediately upon its adoption by the City Council in its role as the Successor Agency, and the Clerk of the Council shall attest to and certify the vote adopting this Resolution. 2 4-20