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3 - ROPS AND BUDGET
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3 - ROPS AND BUDGET
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2/2/2017 4:06:14 PM
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2/2/2017 4:02:01 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Community Development
Item #
3
Date
2/7/2017
Destruction Year
2022
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♦t �xryTq <br />a, <br />.L <br />REQUEST FOR <br />SUCCESSOR AGENCY <br />ACTION <br />MEETING DATE: <br />FEBRUARY 7, 2017 <br />TITLE: <br />RECOGNIZED OBLIGATION PAYMENT <br />SCHEDULE AND ADMINISTRATIVE <br />BUDGET FOR THE PERIOD OF <br />JULY 1, 2017 THROUGH JUNE 30, 2018 <br />(STRATEGIC PLAN NO. 4, 1) <br />ITY MANAGER <br />RECOMMENDED ACTION <br />CLERK OF THE COUNCIL USE ONLY: <br />APPROVED <br />❑ As Recommended <br />❑ As Amended <br />❑ Implementing Resolution <br />❑ Other <br />CONTINUED TO <br />FILE NUMBER <br />Receive and file the Recognized Obligation Payment Schedule and Administrative Budget for the <br />period of July 1, 2017 through June 30, 2018 pursuant to Part 1.85 of Division 24 of the California <br />Health & Safety Code. <br />DISCUSSION <br />Pursuant to Part 1.85 of Division 24 of the California Health & Safety Code ( "Dissolution Act "), the <br />City Council on January 9, 2012, elected for the City to act as the "Successor Agency" to the <br />dissolved Community Redevelopment Agency ( "Agency "). On February 1, 2012, in accordance <br />with the Dissolution Act and the California Supreme Court's decision in California Redevelopment <br />Association v. Matosantos, Case No. S194861, the Agency was dissolved and the City began to <br />serve as the "Successor Agency." The City Council serves as the governing body of the <br />Successor Agency under the Dissolution Act as amended by AB 1484, AB 471, and SB 107, to <br />administer the enforceable obligations of the Agency and otherwise unwind the Agency's affairs. <br />The Oversight Board to the Successor Agency has oversight with respect to the Dissolution <br />process, including review and approval of the Recognized Obligation Payment Schedule (ROPS). <br />This is the eleventh ROPS (Exhibit 1) prepared by the Successor Agency and is presented in the <br />format designed by the Department of Finance (DOF). The ROPS 17 -18 was reviewed and <br />approved by the Oversight Board at a special meeting on January 25, 2017. <br />Following action by the Oversight Board, the ROPS was submitted to the DOF, County, and other <br />appropriate entities as required by the Dissolution Act by the February 1, 2017 deadline. <br />3 -1 <br />
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