HomeMy WebLinkAboutOB Res 14-07 2014-09-29 RESOLUTION NUMBER OB14-47
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE CITY OF SEAL BEACH
REDEVELOPMENT AGENCY APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE SIX-MONTH
FISCAL PERIOD FROM JANUARY 1, 2415 THROUGH JUNE 34,
2015,AND TAKING CERTAIN RELATED ACTIONS
... RECITALS:
A. Pursuant to Health and Safety Code Section 34177(1), 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 (cornmencing 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 January 1, 2015 through June 30, 2015
("ROPS 14-156"), to the DOF, the Office of the State Controller, and the County
Auditor-Controller no later than October3, 2014; and (2) post a copy of the
Oversight Board-approved ROPS 14-15B on the Successor Agency's website.
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE CITY OF 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 Oversight Board hereby approves proposed ROPS 14-15B,
substantially in the form attached hereto as Exhibit A. Staff of the Successor
Agency is hereby authorized and directed to submit a copy of Oversight Board-
approved ROPS 14-15B to the DOF, the Office of the State Controller, and the
County Auditor-Controller and to post a copy of the Oversight Board-approved
ROPS 14-15B on the Successor Agency's Internet website (being a page on the
Internet website of the City of Seal Beach).
Section 3. The officers of the Oversight Board and the 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 requesting additional review by the DOF and an opportunity
to meet and confer on any disputed items, and any such actions previously taken
by such officers and staff are hereby ratified and confirmed.
(Intentionally Left Blank)
Resolution Number O814-07
PASSED,APPROVED AND ADOPTED by the Oversight Board atomeeting
held on the 29dl day of . 2O14.
AYES: BnmndyNambe
NOES: Board Members: '
ABSENT: Board Members-,
`
ABSENT: Board Members: �
Chair, Oversight BoArd
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ATTEST:
S46��tary, Oversight Board
STATE OF CALIFORNIA )
COUNTY OFORANGE )8S
CITY OF SEAL BEACH )
L Linda Devine, Secretary to the Oversight Bomrd, hereby certify that the
foregoing resolution was duly adopted at a meeting of the Oversight Board, held �
on the_2gth__day of September . 2014, �
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