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REQUEST FOR SUCCESSOR AGENCY MEETING DATE: OCTOBER 7, 2014 TITLE: RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPE) 14 -15B AND ADMINISTRATIVE BUDGET FOR THE PERIOD OF JANUARY 1, 2015 THROUGH JUNE 30, 2015 % U' `_ CITY MA ' GER RECOMMENDED ACTION CLERK OF THE COUNCIL USE ONLY: APPROVED ❑ As Recommended ❑ As Amended ❑ Implementing Resolution ❑ Other CONTINUED TO 10121/2014 Meeting not convened on 10/7/2014 FILE NUMBER due to unforeseen circumstances Receive and file the Recognized Obligation Payment Schedule ( "ROPS "), ROPS 14 -15B and Administrative Budget for the period of January 1, 2015 through June 30, 2015 pursuant to Part 1.85 of Division 24 of the California Health & Safety Code ( "Dissolution Act "). Pursuant to the Dissolution Act, the City Council on January 9, 2012, elected for the City to act as the "Successor Agency" to the dissolved Community Redevelopment Agency ( "Agency "). On February 1, 2012, in accordance with the Dissolution Act and the California Supreme Court's decision in California Redevelopment Association v. Matosantos, Case No. S194861, the Agency was dissolved and the City began to serve as the "Successor Agency." The City Council serves as the governing body of the Successor Agency under the Dissolution Act as amended by AB 1484, to administer the enforceable obligations of the Agency and otherwise unwind the Agency's affairs. The Oversight Board to the Successor Agency has oversight with respect to the Dissolution process, including review and approval of the ROPS. This is the seventh ROPE prepared by the Successor Agency, and is presented in the format designed by the DOF. This ROPS 14 -15B was reviewed and approved by the Oversight Board in a special meeting on September 23, 2014. Following action by the Oversight Board, the BOPS was submitted to the DOF, County, and other appropriate entities as required by AB 1484 by the October 3, 2014 deadline. 2 -1