HomeMy WebLinkAboutOB Reso No 2014-006RESOLUTION NO. OB- 2014 -006
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 (ROPS14 -15B) FOR THE
PERIOD OF JANUARY 1, 2015 THROUGH JUNE 20, 2015
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 (the "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 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 Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore will consider approval of the
Recognized Obligation Payment Schedule 14 -15B for the period January 1, 2015
through June 30, 2015; 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. The Oversight Board hereby approves the Schedule attached
hereto as Exhibit A as the Recognized Obligation Payment Schedule 14 -15B for the
period January 1, 2015 through June 30, 2015 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
OVERSIGHT BOARD RESOLUTION NO. OB 2014 -006
Page 2
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. 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 in accordance with applicable law.
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 23rd day of September, 2014 by the following vote:
C
-Da e Oster, hairman
Oversight Board to the Successor
Agency of the Redevelopment
Agency of the City of Lake Elsinore
/0
Virginia { \. Bloom] Qversight Board Secretary
S TO FORM
Phillib Greer.',Oversiaht Board Counsel
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Virginia J. Bloom, Clerk of the Oversight Board of the City of Lake Elsinore, California,
hereby certify that Resolution No. OB- 2014 -006 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 231d day of September 2014, and that the
same was adopted by the following vote:
AYES: Board Members P.Williams, Tisdale, Lassey, M.Williams, Vice -Chair
Kelley and Chairman Oster
NOES: None
ABSENT: Landon
ABSTAIN: None
Virginia loom C erk of the Board