HomeMy WebLinkAboutSA Res SA14-01 2014-02-24 RESOLUTION NUMBER SA14-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH
REDEVELOPMENT AGENCY APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE (ROPS) PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34177 FOR THE SIX-
MONTH FISCAL PERIOD COMMENCING JULY 1, 2014 AND
ENDING DECEMBER 31, 2014, AND TAKING CERTAIN
ACTIONS IN CONNECTION THEREWITH
RECITALS:
A. Pursuant to Health and Safety Code Section 341770), the
Successor Agency to the City of Seal Beach Redevelopment Agency (the
"Successor Agency") must prepare a proposed Recognized Obligation Payment
Schedule ("ROPS") before each six-month fiscal period (commencing each
January 1 and July 1) and submit each proposed ROPS to the Oversight Board
for the Successor Agency (the "Oversight Board") for approval.
B. Pursuant to Health and Safety Code Section 34177(I)(2)(C) and
(m), the Successor Agency must (1) submit the Oversight Board-approved ROPS
for the six-month fiscal period from July 1, 2014 through December 31, 2014
("ROPS 14-15A"), to the DOF, the Office of the State Controller, and the County
Auditor-Controller no later than 90 days before the next scheduled
Redevelopment Property Tax Trust Fund disbursement date in June 2014; and
(2) post a copy of the Oversight Board-approved ROPS 14-15A on the
Successor Agency's website.
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.
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