HomeMy WebLinkAboutOB Reso No 2015-005RESOLUTTON NO. OB 2015-005
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 15-{6B) FOR
JANUARY 1, 2016 THROUGH JUNE 30, 2016
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 2016
through June 2016; and
WHEREAS, AB 1484 requires that the ROPS 15-168 for the period January 1,
2016 through June 30, 2016 must be submitted to the Department of Finance and the
State Controller's office, after approval by the Oversight Board, no later than October 5,
2015 or be subject to penalties; and
WHEREAS, on September 22, 2015, the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore will consider approval of the
Recognized Obligation Payment Schedule 1 5-168 for the period of January 1 , 2016
through June 30, 2016; 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 submitted
concurrently herewith as the Recognized Obligation Payment Schedule 15-168 for
January 1, 2016 through June 30, 2016 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 Xl 26.
OVERSIGHT BOARD RESOLUTION NO. OB 2015.005
Page 2
SECTION 3. lf 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 22nd day of September, 2015.
Oversight Board to the Successor
Agency of the Redevelopment Agency
of the City of Lake Elsinore
ATTEST:
Oversight Board Acting Secretary
STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF LAKE ELSINORE
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l, Diana Gir6n, Acting Clerk of the Oversight Board of the City of Lake Elsinore,
California, hereby certify that Resolution No. OB-2015-005 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 22d day of September 2015,
and that the same was adopted by the following vote:
AYES:Board Member M. Williams, Board Member Landon, Board Member
Lassey, Vice Chair Kelley, and Chair Oster
NOES: None
ABSENT: Board Member Tisdale and Board Member P. Williams
ABSTAIN: None
i-ron, Acting Clerk of the Board