HomeMy WebLinkAbout15-07 - Approving the Recognized Obligation Payment Schedule 15-16A for the six-month Fiscal Period of July 1, 2015 toSUCCESSOR AGENCY RESOLUTION NO. 15-07
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COSTA MESA
REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE 15-16A FOR THE SIX-MONTH FISCAL PERIOD OF JULY 1,
2015 TO DECEMBER 31, 2015, 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
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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 BOPS 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 15-16A six-month fiscal period of July 1, 2015 to December 31, 2015
("ROPS 15-16A") shall be submitted to the DOF by the successor agency, after approval
by the oversight board, no later than March 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 15-16A 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 the draft ROPS 15-16A and
desires to approve such ROPS and to authorize the Successor Agency, to transmit the
Resolution No. 15-07 Page 2 of 5
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 15-16A 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 15-16A submitted herewith as Attachment 1, which schedule is incorporated
herein by this reference; provided however, that the ROPS 15-16A is approved subject
to the condition such ROPS 15-16A is to be transmitted to the Oversight Board for review
and approval and a copy of such ROPS 15-16A 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 15-16A again to the CAC, SCO and DOF.
Resolution No. 15-07 Page 3 of 5
Section 4. The Assistant "Finance Director of the Successor Agency or an authorized
designee is directed to post this Resolution, including the ROPS 15-16A, 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 17th day of February 2015.
Successor Agency to the Costa Mesa
Redevelopment Agency
ATTEST:
0 -
Brenda Green, Secretary
Successor Agency to the Costa Mesa Redevelopment Agency
(SEAL)
Resolution No. 15-07 Page'4 of 5
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 17th day of February 2015, and
that it was so adopted by the following vote:
AYES: COUNCIL MEMBERS: Foley, Genis, Monahan, Righeimer, Mensinger
NOES: COUNCIL MEMBERS: None
ABSENT: COUNCIL MEMBERS: None
ABSTAIN: COUNCIL MEMBERS: None
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the
City of Costa Mesa this 17th day of February, 2015.
5[ iC�
Brenda Green, Sec tary
Successor Agency to the Costa Mesa
Redevelopment Agency
(SEAL)
APPROVED AS TO FORM:
CelesASta Brady, Sp cial Counsel
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