HomeMy WebLinkAboutOB Reso No 2013-003RESOLUTION NO. OB- 2013 -003
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 13 -14A) FOR THE
PERIOD OF JULY 1, 2013 THROUGH DECEMBER 31, 2013,
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 2013 through
December 2013; and
WHEREAS, AB 1484 requires that the ROPS 13 -14A for the period July 1, 2013
through December 31, 2013 must be submitted to the Department of Finance and the
State Controller's office, after approval by the Oversight Board, no later than March 4,
2013 or be subject to penalties; and
WHEREAS, on February 26, 2013, the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore will consider adoption of the Recognized Obligation
Payment Schedule 13 -14A for the period of July 1, 2013 through December 31, 2013;
and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, THE OVERSIGHT BOARD TO 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. 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 13 -14A for July 1, 2013 through December 31, 2013, which such
version is approved 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.
OVERSIGHT BOARD RESOLUTION NO. OB 2013 -003
Page 2
SECTION 3. 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 4. 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 to the Successor Agency of the Redevelopment Agency of the City of Lake
Elsinore, held this 26th day of February, 2013.
Chairper on, Oversight Board to the
Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore
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55
E
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Virginia J. Bloom, Clerk of the Oversight Board and City Clerk of the City of Lake
Elsinore, California, hereby certify that Resolution No. OB- 2013 -003 was adopted by the
Oversight Board to the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore, California, at a regular meeting held on the 26th day of February 2013,
and that the same was adopted by the following vote:
AYES: Board Members Oster, Kelley, Landon, Lassey, Williams, Vice -Chair
Schultz and Chairman Tisdale
NOES: None
ABSENT: None
ABSTAIN: None
C� �6��
Virginia Blo
Clerk of e Board