HomeMy WebLinkAboutOB Reso No 2013-008RESOLUTION NO. OB- 2013 -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 13 -14B) FOR THE
PERIOD OF JANUARY 1, 2014 THROUGH JUNE 30, 20143
SUBJECT TO THE APPROVAL THEREOF 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 January 1, 2014
through June 30, 2014; and
WHEREAS, AB 1484 requires that the ROPS 13 -14B for the period January 1,
2014 through June 30, 2014 be submitted to the Department of Finance and the State
Controller's office, after approval by the Oversight Board, no later than October 1, 2013
or be subject to penalties; and
WHEREAS, on September 24, 2013, the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore will consider approval of the
Recognized Obligation Payment Schedule 13 -14B for the period of January 1, 2014
through June 30, 2014; 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. The Oversight Board hereby approves the Schedule attached
hereto as Exhibit A as the Recognized Obligation Payment Schedule 13 -14B for
January 1, 2014 through June 30, 2014, subject to the approval 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 -008
Page 2 of 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 24th day of September, 2013.
ATTEST:
Phil Williams, Chairperson
Oversight Board to the Successor
Agency of the Redevelopment
Agency of the City of Lake Elsinore
uk
Virginia P) Bloom, /Plork of the Oversight Board
/G[.H7QCjdiF
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Virginia J.
Elsinore, Cali
Oversight Bo
Lake Elsinor e
and that the
AYES:
NOES:
Bloom, Clerk of the Oversight Board
fornia, hereby certify that Resolution No
and to the Successor Agency of the Re
, California, at a regular meeting held
same was adopted by the following vote:
and City Clerk of the City of Lake
. OB- 2013 -008 was adopted by the
development Agency of the City of
on the 24th day of September 2013,
Board Members Tisdale, Kelley, Landon, Lassey, Schultz, and Chairman
Williams
None
ABSENT: Vice -Chair Oster
ABSTAIN: None
Virginia J.JBloom' J "
Clerk of the Board