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AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT <br />SCHEDULE (ROPS) AND ADOPTING AND APPROVING THE <br />SUCCESSOR AGENCY'S ADMINISTRATIVE BUDGET FOR THE <br />PERIOD OF JULY 1, 2012 THROUGH DECEMBER 32, 2012 <br />PURSUANT TO HEALTH AND SAFETY CODE SECTION 341770), <br />AND CERTAIN OTHER ACTIONS PURSUANT TO PART 1.85 OF <br />THE DISSOLUTION ACT <br />2. Approve the City Manager and/or Director of Finance, or their <br />designees, as delegated officials of the City acting as Successor <br />Agency, as authorized to make any augmentation, modification, <br />additions, or revisions as may be necessary to the ROPS or <br />Administrative Budget based on review by the State Department <br />of Finance (DOF), or the County of Orange selected independent <br />auditor, as applicable. <br />MOTION: Alvarez <br />VOTE: AYES: <br />NOES: <br />ABSTAIN: <br />ABSENT: <br />SECOND: Bustamante <br />Alvarez, Benavides, Bustamante, Martinez, <br />Pulido, Sarmiento, Tinajero (7) <br />None (0) <br />None (0) <br />None (0) <br />COMMENTS <br />4. CITY COUNCIL ACTING AS GOVERNING BODY OF THE SUCCESSOR <br />AGENCY COMMENTS - None <br />ADJOURNED - 8:37 P.M. <br />Maria D. Huizar, <br />Clerk of the Council <br />SUCCESSOR AGENCY MINUTES <br />3 <br />MAY 7, 2012 <br />1-3