HomeMy WebLinkAboutSA Reso 2014-04 Recognized Obligation Payment Schedule (ROPS 14-15B) January to June 2015RESOLUTION NO. SA- 2014 -04
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE
REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE
APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS 14 -15B) FOR JANUARY 1, 2015 THROUGH
JUNE 30, 2015
WHEREAS, the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore (the "Successor Agency ") is charged with implementing recognized
enforceable obligations and winding down of the affairs of the former Redevelopment
Agency of the City of Lake Elsinore (the "Agency ") 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 2015
through June 2015; and
WHEREAS, AB 1484 requires that the ROPS 14 -15B for the period January 1,
2015 through June 30, 2015 must be submitted to the Department of Finance and the
State Controller's office, after approval by the Oversight Board, no later than October 3,
2014 or be subject to penalties; and
WHEREAS, on September 23, 2014, the Oversight Board to the Successor
Agency of the Redevelopment Agency of the City of Lake Elsinore considered and
approved the Recognized Obligation Payment Schedule 14 -15B for the period of
January 1, 2015 through June 30, 2015; and
WHEREAS, all other legal prerequisites to the adoption of this Resolution have
occurred.
NOW, THEREFORE, 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 Successor Agency hereby approves the Schedule attached
hereto as Exhibit A as the Recognized Obligation Payment Schedule 14 -15B for
January 1, 2015 through June 30, 2015. 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.
SUCCESSOR AGENCY RESOLUTION NO. SA 2014 -04
Page 2
SECTION 3. Executive Director Yates, or his designee, is hereby authorized to
submit the ROPS to such parties as may be required in accordance with the Health &
Safety Code, and to take such other actions on behalf of the Successor Agency with
respect to the ROPS as may be necessary in accordance with applicable law.
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
Successor Agency 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 in accordance with, and subject to, all applicable requirements of
the Health & Safety Code.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Successor
Agency of the Redevelopment Agency of the City of Lake Elsinore, held this 23rd day of
September, 2014.
lat a Joh on, Chairperson,
Successor A nQV of the
Redevelopment Agency of the City
of Lake Elsinore
APPROVED AS T"
filww��' I A� e —
04r6ara Leibo d, Successor Agency Counsel
ATTEST:
Virginia Bloo , ecretary
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE
CITY OF LAKE ELSINORE )
I, Virginia J. Bloom, Clerk of the Board of the Successor Agency of the Redevelopment
Agency for the City of Lake Elsinore, California, hereby certify that Resolution No. SA
2014 -04 was adopted by the Successor Agency, at a regular meeting held on the 23rd
day of September 2014, and that the same was adopted by the following vote:
AYES: Agency Member Hickman, Vice Chair Manos, Agency Member Tisdale,
Agency Member Magee, and Chair Johnson
ABSENT: None
ABSTAIN: None
VirginioU. Bloofti, Clerk of the Board