HomeMy WebLinkAboutSA AG PKT 2012-03-26 #4 SUCCESSOR AGENCY TO THE
SEAL BEACH REDEVELOPMENT AGENCY
AGENDA STAFF REPORT
DATE: March 26, 2012
TO: Honorable Chair and Board Members
THRU: Jill R. Ingram, Executive Director
FROM: Shally Lin, Interim Director of Finance
SUBJECT: CONSIDERATION OF A RESOLUTION OF THE
BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SEAL BEACH REDEVELOPMENT
AGENCY AMENDING THE DRAFT INITIAL
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
SUMMARY OF REQUEST:
Staff recommends that the Governing Board of the Successor Agency to the Seal
Beach Redevelopment Agency adopt Resolution No. SA12-08 approving
amendments to the draft initial Recognized Obligation Payment Schedule.
BACKGROUND AND ANALYSIS:
AB X1 26 ("AB 26") and AB X1 27 ("AB 27"), which were signed by the Governor
of California on June, 29, 2011, added Parts 1.8 and 1.85 to the Community
Redevelopment Law. In California Redevelopment Association, et al. v.
Matosantos, et al. (Case No. S194861), the California Supreme Court largely
upheld AB 26, invalidated AB 27, and held that AB 26 may be severed from AB
27 and enforced independently. The Supreme Court generally revised the
effective dates and deadlines for performance of obligations in Part 1.85 (the
dissolution provisions) arising before May 1, 2012 to take effect four months
later. As a result of the Supreme Court's decision, on February 1, 2012, The
Seal Beach Redevelopment Agency was dissolved. In January, the Seal Beach
City Council designated the City as the successor entity to the former
redevelopment agency. The Successor Agency is a distinct and separate legal
entity from the City. Successor agencies have all the authority, rights, powers,
duties, and obligations previously vested with the former redevelopment
agencies under the Community Redevelopment Law except for those that were
repealed, restricted, or revised by AB 26.
Agenda Item 4
Pursuant to Health and Safety Code Section 34177, successor agencies are
required to prepare a draft initial Recognized Obligation Payment Schedule (Draft
iROPS") by March 1, 2012. The draft iROPS must be reviewed and certified, as
to its accuracy, by an external auditor designated at the county auditor-
controller's direction pursuant to Health and Safety Code Section 34182. The
certified Recognized Obligation Payment Schedule must be submitted to and
approved by the oversight board. Finally, after approval by the oversight board,
a copy of the approved Recognized Obligation Payment Schedule must be
submitted to the county auditor-controller, the State Controller and the State
Department of Finance ("DOF"), and be posted on the Successor Agency's web
site. The first Recognized Obligation Payment Schedule submitted to the State
Controller and the DOF will be for payments for the period of January 1, 2012 to
June 30, 2012, inclusive.
By Resolution No. SA 12-04, the Board of the Successor Agency adopted a Draft
iROPS (the "Original Draft iROPS") on February 27, 2012. Staff recommends
that the Board of the Successor Agency adopt the attached resolution amending
the Original iROPS to reflect certain expenses items, including fees relating to
audit and other professional services, which were not included in the Original
Draft iROPS.
FINANCIAL IMPACT:
Preparation of a Draft iROPS, as amended, is in furtherance of allowing the
Successor Agency to pay enforceable obligations of the former redevelopment
agency and the Successor Agency.
ENVIRONMENTAL IMPACT:
There is no Environmental Impact related to this item.
LEGAL ANALYSIS:
General Counsel has reviewed and approved as to form.
RECOMMENDATION:
Staff recommends that the Successor Agency to the Seal Beach Redevelopment:
Agency adopt Resolution No. SA12-08 approving Draft iROPS, as amended.
Page 2
SUBMITTED BY: NOTED AND APPROVED:
Shally Li J " Ingram, Exe• tiv= Director
Interim irector of Finance
Prepared by: Alayna Hoang, Senior Accountant
Attachments:
A. Resolution No. SA12-08
Page 3
RESOLUTION NUMBER SA1 2-08
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE SEAL BEACH
REDEVELOPMENT AGENCY AMENDING THE DRAFT INITIAL
RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND
TAKING CERTAIN ACTIONS IN CONNECTION THEREWITH
RECITALS:
A. AB X1 26 and AB X1 27 were signed by the Governor of California
on June 29, 2011, making certain changes to the Community Redevelopment
Law (Part 1 (commencing with Section 33000) of Division 24 of the California
Health and Safety Code) (the "Redevelopment Law"), including adding Part 1.8
(commencing with Section 34161) ("Part 1.8") and Part 1.85 (commencing with
Section 34170) ("Part 1.85").
B. The California Redevelopment Association and League of
California Cities filed a lawsuit in the Supreme Court of California (California
Redevelopment Association, et al. v. Matosantos, et al. (Case No. S194861))
alleging that AB X1 26 and AB X1 27 are unconstitutional. On December 29,
2011, the Supreme Court issued its opinion in the Matosantos case largely
upholding AB X1 26, invalidating AB X1 27, and holding that AB X1 26 may be
severed from AB X1 27 and enforced independently.
C. The Supreme Court generally revised the effective dates and
deadlines for performance of obligations in Part 1.85 arising before May 1, 2012,
to take effect four months later.
D. As a result of the Supreme Court's decision, the Seal Beach
Agency (the "Redevelopment Agency"), a redevelopment agency in the City of
Seal Beach (the "City"), created pursuant to the Redevelopment Law, was
dissolved pursuant to Part 1.85 on February 1, 2012.
E. By its Resolution No. 6211, adopted on January 9, 2012, the City
Council of the City made an election to serve as the successor agency for the
Redevelopment Agency under Part 1.85(the"Successor Agency").
F. By its Resolution No. 6222, adopted on February 13, 2012, the City
Council, acting as the governing board for the Successor Agency, established
rules and regulations applicable to the governance and operation of the
Successor Agency, and pursuant to such resolution provided that the Successor
Agency will be governed by a Board of Directors (the "Board") consisting of the
members of the City Council of the City.
G. By its Resolution Nos. 11-12, 11-14 and 12-01, the Redevelopment
Agency adopted an Enforceable Obligation Payment Schedule, as amended (the
"Redevelopment Agency EOPS").
H. Health and Safety Code Section 34177(1), as modified by the
California Supreme Court, provides that by March 1, 2012, the Successor
Agency must prepare a draft initial Recognized Obligation Payment Schedule for
the enforceable obligations of the former Redevelopment Agency, in accordance
with the requirements AB X1 26. The draft schedule must be reviewed and
certified, as to its accuracy, by an external auditor designated at the county
auditor-controller's direction pursuant to Health and Safety Code Section 34182.
The certified Recognized Obligation Payment Schedule must be submitted to
and approved by the oversight board. Finally, after approval by the oversight
board, a copy of the approved Recognized Obligation Payment Schedule must
be submitted to the county auditor-controller, the State Controller and the State
Department of Finance ("DOF"), and be posted on the Successor Agency's web
Resolution Number SA12-08
site. The first Recognized Obligation Payment Schedule submitted to the State
Controller and the DOF will be for payments for the period of January 1, 2012 to
June 30, 2012, inclusive.
I. By its Resolution No. SA12-04, adopted on February 27, 2012, the
Board of the Successor Agency approved a draft initial Recognized Obligation
Payment Schedule (the "Original Draft iROPS"). A copy of the Original Draft
iROPS is attached to this Resolution as Exhibit A.
J. The Board of the Successor Agency now desires to adopt this
Resolution amending the Original Draft iROPS. The amended draft initial
Recognized Obligation Payment Schedule (the "Amended Draft iROPS") is
attached hereto as Exhibit B.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY HEREBY
FINDS, DETERMINES, RESOLVES,AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part
of this Resolution.
Section 2. The Board hereby approves the Amended Draft iROPS. The
Executive Director of the Successor Agency, in consultation with the Successor
Agency's legal counsel, may make further modifications to the Amended Draft
iROPS as the Executive Director or the Successor Agency's legal counsel deems
necessary or advisable.
Section 3. The Board hereby affirms the designation of the City Manager(who
is the ex-officio Executive Director of the Successor Agency) or the City
Manager's designee as the official to whom the DOF may make requests for
review in connection with the Successor Agency's Recognized Obligation
Payment Schedule and who shall provide the DOF with the telephone number
and e-mail contact information for the purpose of communicating with the DOF.
Section 4. The officers and staff of the Successor Agency are hereby
authorized and directed,jointly and severally, to do any and all things which they
may deem necessary or advisable to effectuate this Resolution, including
submitting the certified Recognized Obligation Payment Schedule to the
oversight board for approval, and any such actions previously taken by such
officers are hereby ratified and confirmed.
(Intentionally Left Blank)
Resolution Number SA12-08
PASSED, APPROVED and ADOPTED by the Successor Agency to the Seal
Beach Redevelopment Agency at a special meeting held on the 26th day
of March , 2012 by the following vote:
AYES: Board Members
NOES: Board Members
ABSENT: Board Members
ABSTAIN: Board Members
Mayor/Chair
ATTEST:
Secretary/City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, Secretary/City Clerk of the City of Seal Beach, do hereby certify
that the foregoing resolution is the original copy of Resolution Number SA 12-04
on file in the office of the City Clerk, passed, approved, and adopted by the
Successor Agency to the Seal Beach Redevelopment Agency at a special
meeting held on the 26th day of March , 2012.
Secretary/City Clerk
Attachment "A"
Resolution No. SA12-04, adopted on February 27,
2012, the Board of the Successor Agency approved a
draft initial Recognized Obligation Payment Schedule
(the "Original Draft iROPS")
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Attachment "B"
Resolution No. SA12-07
Amended Draft iROPS
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