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5/1/12 LES <br />SUCCESSOR AGENCY RESOLUTION NO. 2012- <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA <br />ANA ACTING AS SUCCESSOR AGENCY TO THE FORMER <br />COMMUNITY REDEVELOPMENT AGENCY APPROVING THE <br />RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) AND <br />ADOPTING AND APPROVING THE SUCCESSOR AGENCY'S <br />ADMINISTRATIVE BUDGET FOR THE PERIOD OF JULY 1, 2012 <br />THROUGH DECEMBER 31, 2012 PURSUANT TO HEALTH AND <br />SAFETY CODE SECTION 341770), AND CERTAIN OTHER ACTIONS <br />PURSUANT TO PART 1.85 OF THE DISSOLUTION ACT <br />BE IT RESOLVED BY THE MEMBERS OF THE SUCCESSOR AGENCY OF THE CITY OF <br />SANTA ANA, AS FOLLOWS: <br />Section 1. The City Council of Santa Ana, acting as Successor Agency, hereby finds, <br />determines and declares as follows: <br />A. The California Supreme Court's decision in the recent California <br />Redevelopment Agency v. Matosantos case upheld ABX1 26 which will now control the <br />dissolution and winding down of every California redevelopment agency. ABX1 26 <br />prohibits agencies from taking numerous actions, requires all agencies to wind down <br />their affairs effective immediately, and provides that agencies are deemed to be <br />dissolved as of February 1, 2012. <br />B. On January 9, 2012, pursuant to section 34173 of the California Health & <br />Safety Code, the City of Santa Ana ("City") elected to serve as the Successor Agency for <br />the former Community Redevelopment Agency ("Agency") of the City of Santa Ana and <br />the Housing Authority of the City of Santa Ana as "Successor Housing Agency". <br />C. The City will perform its functions as the Successor Agency under the <br />Dissolution Act to administer the enforceable obligations of the Agency and otherwise <br />unwind the Agency's affairs, all subject to the review and approval of a seven member <br />Oversight Board. <br />D. Prior to its dissolution and pursuant to Part 1.8, the Agency prepared by <br />March 1, 2012, the Recognized Obligation Payment Schedule ("ROPS") for February 1, <br />2012 through June 30, 2012, which was received and filed by the Successor Agency on <br />March 19, 2012. The ROPS, as amended, was then approved by the Successor Agency <br />on April 2, 2012. <br />E. Following action by the Successor Agency, the ROPS was presented to <br />the Oversight Board for its approval on April 10, 2012, and the Certified ROPS was then <br />submitted to the State Controller's Office, State Department of Finance, and County <br />Auditor-Controller. <br />3-3