HomeMy WebLinkAboutSS AG PKT 2012-04-09 #2 SUCCESSOR AGENCY TO THE
SEAL BEACH REDEVELOPMENT AGENCY
AGENDA STAFF REPORT
DATE: April 09, 2012
TO: Honorable Chair and Board Members
THRU: Jill R. Ingram, Executive Director
FROM: Shally Lin, Interim Director of Finance
SUBJECT: APPROVE THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1,
2012 THRU DECEMBER 31, 2012
SUMMARY OF REQUEST:
Staff recommends that the Governing Board of the Successor Agency to the Seal
Beach Redevelopment Agency adopt Resolution No. SA12-09 approving the
ROPS for sixth month fiscal period commencing on July 1, 2012 — December 31,
2012.
BACKGROUND AND ANALYSIS:
Upon dissolution of the Seal Beach Redevelopment Agency on February 1, 2012
pursuant to AB X1 26, the Successor Agency to the Seal Beach Redevelopment
Agency was constituted and is-governed by a board of directors consisting of the
members of the City Council.
Pursuant to Health and Safety Code Section 34177, successor agencies are
required to prepare Recognized Obligation Payment Schedules ("ROPS") prior to
each six-month fiscal period. The Successor Agency previously prepared a
ROPS for the six-month fiscal period commencing on January 1, 2012 and
ending on June 30, 2012. At this time, a ROPS must be prepared for the next
six-month fiscal period commencing on July 1, 2012 and ending on December
31, 2012.
ENVIRONMENTAL IMPACT:
There will be no new environmental impact associated with adoption of the
attached Resolution.
Agenda Item 2
LEGAL ANALYSIS:
General Counsel has reviewed and approved as to form.
FINANCIAL IMPACT:
Preparation of the second ROPS is in furtherance of allowing the Successor
Agency to pay enforceable obligations of the former redevelopment agency.
RECOMMENDATION:
Staff recommends that the Board of Directors of the Successor Agency to the
Seal Beach Redevelopment Agency adopt Resolution No. SA12-09, approving
the Recognized Obligation Payment Schedule for the six-month fiscal period
commencing on July 1, 2012 and ending on December 31, 2012.
SUBMITTED B • NOTED AND APPROVED:
4; :t rif1/4 Ilk I/ I R' )
Shally Lin Jil O Ingram, Execu a Director
Interim Di'-ctor of Finance
Prepared by: Alayna Hoang, Senior Accountant
Page 2
RESOLUTION NUMBER SA12-09
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE SEAL BEACH
REDEVELOPMENT AGENCY APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE PURSUANT TO HEALTH
AND SAFETY CODE SECTION 34177 FOR THE SIX-MONTH
FISCAL PERIOD COMMENCING JULY 1, 2012 AND ENDING
DECEMBER 31, 2012, AND TAKING CERTAIN ACTIONS IN
CONNECTION THEREWITH
RECITALS:
A. Health and Safety Code Section 34177 provides that before each
six-month fiscal period, successor agencies to former redevelopment agencies
must prepare a Recognized Obligation Payment Schedule ("ROPS") for the
enforceable obligations of the former redevelopment agency in accordance with
the requirements of Section 34177. The next six-month fiscal period for which a
ROPS is required is the period that commences on July 1, 2012 and ends on
December 31, 2012.
B. Accordingly, the Board of Directors of the Successor Agency to the
Seal Beach Redevelopment Agency desires to adopt this Resolution approving a
ROPS in accordance with Health and Safety Code Section 34177 for the six-
month fiscal period that commences on July 1, 2012 and ends on December 31,
2012.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF THE SUCCESSOR
AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY("SUCCESSOR
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. This Resolution is adopted pursuant to Health and Safety Code
Section 34177.
Section 3. The Board hereby approves the ROPS substantially in the form
attached as Exhibit A to this Resolution and incorporated herein by reference.
The Executive Director of the Successor Agency, in consultation with the
Successor Agency's legal counsel, may modify the ROPS as the Executive
Director or the Successor Agency's legal counsel deems necessary or advisable
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, but not
limited to, submitting the ROPS to the oversight board for approval, and any such
actions previously taken by such officers and staff are hereby ratified and
confirmed.
(Intentionally Left blank)
Resolution Number SA12-09
PASSED, APPROVED and ADOPTED by the Successor Agency to the Seal
Beach Redevelopment Agency at a regular meeting held on the 9th day of
April , 2012 by the following vote:
AYES: Board Members
NOES: Board Members
ABSENT: Board Members
ABSTAIN: Board Members
Chair/Mayor
ATTEST:
Secretary/City Clerk
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, Secretary of the Successor Agency to the Seal Beach
Redevelopment Agency, do hereby certify that the foregoing resolution is the
original copy of Resolution Number SA 12-09 on file in the office of the City
Clerk of the City of Seal Beach, passed, approved, and adopted by the
Successor Agency to the Seal Beach Redevelopment Agency at a regular
meeting held on the 9th day of April , 2012.
Secretary/City Clerk
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