HomeMy WebLinkAboutOB Reso No 2012-008RESOLUTION NO. OB- 2012 -008
A RESOLUTION OF THE OVERSIGHT BOARD TO THE
SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF
THE CITY OF LAKE ELSINORE APPROVING THE RECOGNIZED
OBLIGATION PAYMENT SCHEDULE (ROPS) FOR THE PERIOD
OF JULY 2012 THROUGH DECEMBER 2012 SUBJECT TO
ADOPTION BY THE SUCCESSOR AGENCY
WHEREAS, the Oversight Board to the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore ( "Oversight Board ") has been established to direct
the Successor Agency to take certain actions to wind down the affairs of the former
Redevelopment Agency of the City of Lake Elsinore in accordance with the California
Health and Safety Code; and
WHEREAS, Health and Safety Code Section 34169 requires the Successor
Agency to prepare and adopt a "Recognized Obligation Payment Schedule" that lists all
obligations of the former redevelopment agency that are enforceable within the meaning
of subdivision (d) of Section 34167 for six month periods including July 2012 through
December 2012; and
WHEREAS, on April 10, 2012, the Oversight Board and the Successor Agency of
the Redevelopment Agency of the City of Lake Elsinore approved a First Amended
Recognized Obligation Payment Schedule for the period of January 2012 through June
2012; and
WHEREAS, the Riverside County Auditor - Controller's Office requested that the
Successor Agency submit a draft Recognized Obligation Payment Schedule for the
period of July 2012 through December 2012 by May 11, 2012; and
WHEREAS, subsequent to this meeting on May 8, 2012, it is anticipated that the
Successor Agency of the Redevelopment Agency of the City of Lake Elsinore will adopt
the Recognized Obligation Payment Schedule for the period of July 2012 through
December 2012; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
SECTION 1. The Recitals set forth above are true and correct and incorporated
herein by reference.
SECTION 2. In order to enable the Successor Agency to comply with AB X1 26,
and based on the Recitals set forth above, the Oversight Board hereby approves the
Schedule attached hereto as Exhibit A as the Recognized Obligation Payment Schedule
OVERSIGHT BOARD RESOLUTION NO. OB 2012 -008
Page 3
for July 2012 through December 2012, subject to the adoption thereof by the Successor
Agency. Pursuant to Health & Safety Code Section 34173, the Successor Agency's
liability, including, but not limited to, its liability for the obligations on the attached
schedule is limited to the total sum of property tax revenues it receives pursuant to Part
1.85 of AB X1 26.
SECTION 3. The Oversight Board hereby establishes the Recognized Obligation
Payment Schedule (ROPS), pursuant to Health & Safety Code Section 34180(g), for the
period of July 2012 through December 2012, as the Recognized Obligation Payment
Schedule.
SECTION 4. If any provision of this Resolution or the application thereof to any
person or circumstance is held invalid, such invalidity shall not affect other provisions or
applications of this Resolution which can be given effect without the invalid provision or
application, and to this end the provisions of this resolution are severable. The
Oversight Board hereby declares that it would have adopted this Resolution irrespective
of the invalidity of any particular portion thereof.
SECTION 5. This Resolution shall take effect from and after the date of its
passage and adoption.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Oversight
Board of the Successor Agency of the Redevelopment Agency of the City of Lake
Elsinore, held this 8th day of May, 2012.
BriaK Tisdale, Chairperson Oversight Board
to the Successor Agency of the
Redevelopment Agency of the City of Lake
Elsinore
Virginia J. oom
Oversight Board S cr ary
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Virginia J. Bloom, City Clerk of the City of Lake Elsinore, California, hereby
certify that Resolution No. OB- 2012 -08 was approved and adopted by the Oversight
Board of the City of Lake Elsinore, California, at a regular meeting held on the 8th day of
May 2012 and that the same was adopted by the following vote:
AYES: Board Members Kelley, Carlson, Oster, Lillibridge, Vice Chair Shultz and
Chairman Tisdale
NOES: None
ABSENT: Board Member Williams1 \
ABSTAIN: None �G�����'l LGX I• wl �J
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