HomeMy WebLinkAbout0003_2_ROPs - Exhibit A ResoRESOLUTION NO. OB 2017-_____
A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE REDEVELOPMENT AGENCY OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS 17-18) FOR JULY 1, 2017, THROUGH JUNE 30, 2018
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(o) 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, including the Recognized Obligation Payment Schedule for
July 1, 2017, through June 30, 2018; and
Whereas, Section 34177(o) also requires that the ROPS 17-18 for the period July 1, 2017
through June 30, 2018 be submitted to the Department of Finance and the State Controller’s
office, after approval by the Oversight Board, no later than February 1, 2017 or be subject to
penalties; and
Whereas, on January 24, 2017, the Successor Agency of the Redevelopment Agency of the
City of Lake Elsinore will consider approval of the Recognized Obligation Payment Schedule 17-
18 for the period July 1, 2017, through June 30, 2018; 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 17-18 for the period July 1, 2017 through June
30, 2018, subject to the approval of 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 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.
OB Reso. No. 2017-_____
Page 2
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 January, 2017.
Genie Kelley,
Chair
Attest:
Susan M. Domen, MMC
Secretary