HomeMy WebLinkAboutOB Reso No 2016-001RESOLUTION NO. OB 2016 -001
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 16 -17) FOR JULY 1,
2016 THROUGH JUNE 30, 2017
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, 34177(0) 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 34171 for twelve month periods, beginning with the
Recognized Obligation Payment Schedule for July 1, 2016 through June 30, 2016; and
WHEREAS, Section 34177(o) also requires that the ROPS 16 -17 for the period
July 1, 2016 through June 30, 2017 must be submitted to the Department of Finance
and the State Controller's office, after approval by the Oversight Board, no later than
February 1, 2016 or be subject to penalties; and
WHEREAS, on January 26, 2016, the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore considered approval of the Recognized Obligation
Payment Schedule 16 -17 for the period of July 1, 2016 through June 30, 2017; 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 submitted
concurrently herewith as the Recognized Obligation Payment Schedule 16 -17 for the
period of July 1, 2016 through June 30, 2017. 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.
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
OVERSIGHT BOARD RESOLUTION NO. OB 2016 -001
Page 2 of 2
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 27th day of January, 2016.
Genie Kelley, ChaiTr6 rson
Oversight Board to the Suc � sor
Agency of the Redevelopment Agency
of the City of Lake Elsinore
ATTEST:
- _ f
Fo
Sus f M. Domen, MMC
Oversight Board Secretary
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Susan M. Domen, Clerk of the Oversight Board of the City of Lake Elsinore,
California, hereby certify that Resolution No. OB- 2016 -001 was adopted by the
Oversight Board to the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore, California, at a special meeting held on the 27th day of January 2016,
and that the same was adopted by the following vote:
AYES: Board Member Michael Williams, Board Member Jeffries, Board Member
Lassey, Vice Chair Landon, and Chair Kelley
NOES: None
ABSENT: Board Member Phil Williams and Board Member Tisdale
ABSTAIN: None
FmR Susan M. omen, MC
Clerk of the Oversight Board