HomeMy WebLinkAbout12 - CC-7 - Attachment 2 - 9/15/2015ATTACHMENT 2
ATTACHMENT
Successor Agency Resolution No. 15-_ Approving Recognized
Obligations Payment Schedule 15-16B for the Six -Month Fiscal
Period January 1, 2016 to June 30, 2016
(attached)
SUCCESSOR AGENCY RESOLUTION NO. 15-
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COSTA MESA
REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED
OBLIGATION PAYMENT SCHEDULE 15-16B FOR THE SIX-MONTH
FISCAL PERIOD OF JANUARY 1, 2016 TO JUNE 30, 2016, SUBJECT TO
SUBMITTAL TO, AND REVIEW BY THE OVERSIGHT BOARD AND THE
DOF PURSUANT TO CALIFORNIA HEALTH AND SAFETY CODE,
DIVISION 24, PART 1.85; AUTHORIZE POSTING AND TRANSMITTAL
THEREOF
WHEREAS, the former Costa Mesa Redevelopment Agency ("former Agency") was
established as a redevelopment agency that was previously organized and existing under the
California Community Redevelopment Law, Health and Safety Code Section 33000, et seq.,
and previously authorized to transact business and exercise powers of a redevelopment
agency pursuant to action of the City Council of the City of Costa Mesa ("City"); and
WHEREAS, Assembly Bill x1 26 chaptered and effective on June 27, 2011 added
Parts 1.8 and 1.85 to Division 24 of the California Health & Safety Code, which caused the
dissolution of all redevelopment agencies and wind down of the affairs of former agencies,
including as such laws were amended by Assembly Bill 1484 and other subsequent legislation
(together, the "Dissolution Law"); and
WHEREAS, as of February 1, 2012 the former Agency was dissolved pursuant to the
Dissolution Law, and as a separate public entity, corporate and politic the Successor Agency
to the Costa Mesa Redevelopment Agency ("Successor Agency") administers the
enforceable obligations of the former Agency and otherwise unwinds the former Agency's
affairs, all subject to the review and approval by a seven -member oversight board ("Oversight
Board"); and
WHEREAS, pursuant to Section 34179 the Successor Agency's Oversight Board has
been formed and its initial meeting occurred on April 19, 2012; and
WHEREAS, Section 34179 provides that the Oversight Board has fiduciary
responsibilities to holders of enforceable obligations and the taxing entities that benefit from
distributions of property tax and other revenues pursuant to Section 34188 of Part 1.85 of the
Dissolution Law; and
WHEREAS, Sections 34177(m) and 34179 provide that each ROPS is submitted to
reviewed and approved by the Successor Agency and then reviewed and approved by the
Oversight Board before final review and approval by the State Department of Finance
("DOF"); and
WHEREAS, the Dissolution Law, in particular Section 34177(m), requires that the
ROPS for the 15-16B six-month fiscal period of January 1, 2016 to June 30, 2016 (`BOPS 15-
16B") shall be submitted to the DOF by the successor agency, after approval by the oversight
board, no later than October 1, 2015; and
WHEREAS, pursuant to Sections 34179.6 and 34177(k)(2)(B) of the Dissolution Law,
the Successor Agency is required to submit a copy of the ROPS 15-16B to the County
Administrative Officer ("CAO"), the County Auditor -Controller ("CAC"), the State Controller's
Office ("SCO") and the DOF at the same time that the Successor Agency submits such ROPS
to the Oversight Board for review; and
WHEREAS, the Successor Agency has reviewed ROPS 15-16B submitted herewith
and desires to approve the ROPS and authorize Successor Agency staff, to transmit the
ROPS to the Oversight Board for review and action and send copies of such ROPS to the
CAO, CAC, SCO and DOF; and
WHEREAS, the Successor Agency shall post the ROPS 15-16B on the Successor
Agency website.
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO THE
COSTA MESA REDEVELOPMENT AGENCY:
Section 1. The foregoing recitals are incorporated into this Resolution by this reference,
and constitute a material part of this Resolution.
Section 2. Pursuant to the Dissolution Law, the Successor Agency approves the
ROPS 15-16B submitted herewith as Attachment 1, which schedule is incorporated herein by
this reference; provided however, that the ROPS 15-16B is approved subject to the condition
such ROPS 15-16B is to be transmitted to the Oversight Board for review and approval and
a copy of such ROPS 15-16B shall concurrently be sent to the CAO, CAC, SCO, and DOF.
Further, the Assistant Finance Director, in consultation with legal counsel, shall be authorized
to request and complete meet and confer session(s) with the DOF and authorized to make
augmentations, modifications, additions or revisions as may be necessary or directed by
DOF.
Section 3. After approval by the Oversight Board, the Successor Agency authorizes
transmittal of the approved ROPS 15-16B again to the CAC, SCO and DOF.
Section 4. The Assistant Finance Director of the Successor Agency or an authorized
designee is directed to post this Resolution, including the ROPS 15-16B, on the Successor
Agency website pursuant to the Dissolution Law.
Section 5. The Secretary of the Successor Agency shall certify to the adoption of this
Resolution.
APPROVED AND ADOPTED this 15th day of September 2015
Stephen M. Mensinger, Chair
Successor Agency to the Costa Mesa
Redevelopment Agency
(SEAL)
ATTEST:
Brenda Green, Secretary
Successor Agency to the Costa Mesa Redevelopment Agency
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF COSTA MESA )
I, Brenda Green, Secretary of the Successor Agency to the Costa Mesa
Redevelopment Agency, hereby certify that the foregoing resolution was duly adopted by the
Successor Agency at a regular meeting held on the 15th day of September 2015, and that it
was so adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Brenda Green, Secretary
Successor Agency to the Costa Mesa
Redevelopment Agency
(SEAL)
ATTACHMENT
to Successor Agency Resolution No. 15 -
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 15-16B
FOR PERIOD JANUARY 1, 2016 TO JUNE 30, 2016
(attached)
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