HomeMy WebLinkAboutSA Reso 2016-015 Recognized Obligation Payment Schedule (ROPS 16-17B) January to JuneRESOLUTION NO. 2016 -015
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE REDEVELOPMENT
AGENCY OF THE CITY OF LAKE ELSINORE, CALIFORNIA, APPROVING THE
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS 16 -17B)
FOR JANUARY 1, 2017 THROUGH JUNE 30, 2017
Whereas, the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore
(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
(Agency) in accordance with the California Health and Safety Code; and,
Whereas, Senate Bill (SB) 107, enacted in September 2016, added Health and Safety Code
(HSC) Section 34177(0) requiring the Successor Agency to prepare and adopt a "Recognized
Obligation Payment Schedule" (ROPS) 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, including July 2016 through June 2017; and,
Whereas, SB 107 permits an amended ROPS 16 -17B for the period January 1, 2017 through
June 30, 2017, to be submitted to the Department of Finance and the State Controller's office,
after approval by the Oversight Board, no later than October 3, 2016, or be subject to penalties;
and,
Whereas, HSC Section 34177.7(o)(1)(E), permits an Amended ROPS 16 -17B provided that the
Oversight Board makes a finding that a revision to the ROPS is necessary for the payment of
approved enforceable obligations during the ROPS 16 -17B period, and,
Whereas, on September 29, 2016, the Oversight Board to the Successor Agency will meet to
consider making the required finding and approval of the Amended ROPS 16 -17B for the period
January 1, 2017 through June 30, 2017; 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, CALIFORNIA, DOES HEREBY RESOLVE, DETERMINE AN
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 Amended ROPS 16 -17B for the period January 1, 2017 through June 30, 2017.
Pursuant to HSC 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. Executive Director Yates, or his designee, is hereby authorized to submit the
ROPS to such parties as may be required in accordance with the HSC, 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.
SA Resolution No. 2016 -015
Page 2 of 2
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 HSC.
Passed and Adopted at a Regular meeting of the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore, California, this 27th day of September, 2016.
Brian Tisdale; Chair-
ATTEST:
Suv� n M. Domen, MM
Agency Secretary
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Susan M. Domen, MMC, Secretary of the Successor Agency of the Redevelopment Agency of
the City of Lake Elsinore, California, do hereby certify that Resolution No. 2016 -015 was
adopted by the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore at
a Regular meeting on September 27, 2016, and that the same was adopted by the following
vote:
AYES: Board Members Hickman, Johnson and Manos; Vice Chair Magee and Chair Tisdale
NOES: None
ABSTAIN: None
ABSENT: None
f
Susan M. Domen, MMC
Agency Secretary
AMENDED ROPS 16 -17B
[attached]
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