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HomeMy WebLinkAboutSA Res SA19-02 2019-01-14 RESOLUTION SA 19-02 A RESOLUTION OF THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO SEAL BEACH REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2019 THROUGH JUNE 30, 2020 AND TAKING RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code Section 34177(o), the Successor Agency to the Seal Beach Redevelopment Agency (the "Successor Agency") must prepare a Recognized Obligation Payment Schedule listing the anticipated payments for enforceable obligations to be made by the Successor Agency during the fiscal period from July 1 , 2020 through June 30, 2020 ("ROPS 19-20") and submit ROPS 19-20 to the oversight board having jurisdiction over the Successor Agency (the "Oversight Board") for approval; and B. Pursuant to Health and Safety Code Section 34177(1)(2), the Successor Agency must submit ROPS 19-20 to the Oversight Board of the Successor Agency for approval; 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. ROPS 19-20, substantially in the form attached hereto as Exhibit A, is hereby approved. The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify ROPS 19-20 as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 3. Staff is hereby authorized and directed to post a copy of the Oversight Board-approved ROPS 19-20 on the Successor Agency's Internet website (being a page on the Internet website of the City of Seal Beach). Section 4. The officers and the other Staff members 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 requesting additional review by the DOF and an opportunity to meet and confer on any disputed items, and making adjustments to ROPS 19-20 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified and confirmed. Resolution SA 19-02 Section 5. PASSED, APPROVED and ADOPTED by the Successor Agency to the Seal Beach Redevelopment Agency at a regular meeting held on the 14th day of January, 2019 by the following vote: AYES: Board Members: Deaton, Massa-Lavitt, Moore, Sustarsic, Varipapa NOES: Board Members: None ABSENT: Board Members: None ABSTAIN: Board Members: None fl, ✓-1 ,••e Thomas Moore, Chair ATTEST: �..-# �PORgrFo„ems.• Al; -t i_ .- •Q# • Dana Engstrom, S 4_ `�' Resolution SA 19--02 EXHIBIT A SUCCESSOR AGENCY TO THE SEAL BEACH REDEVELOPMENT AGENCY ill RECOGNIZED OBLIGATION PAYMENT SCHEDULE (July 1, 2019 — June 30, 2020) CO CO (O N- CO CO To N 0 N O in O - CO I- N co N 0 N ,- 1- C6 m a 0 Cr cn to co -, . N C) co N CO CD N- CO N. co n is c `-, .) 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Dana Engstrom, Secretary