HomeMy WebLinkAbout0002_2_ROPs - Exhibit ARESOLUTION NO. SA-2017-___
A RESOLUTION OF 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 Successor Agency of the Redevelopment Agency of the City of Lake
Elsinore (the “Successor Agency”) is charged with implementing enforceable obligations
and winding down of the affairs of the former Redevelopment Agency of the City of Lake
Elsinore (the “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 Section 34177(o) requiring 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 July 2017 through June 2018; and
Whereas, applicable law 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 23, 2017, the Oversight Board to the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore considered approval of the
Recognized Obligation Payment Schedule 17-18 for the period July 1, 2017 through
June 30, 2018 and approved such schedule subject to the approval of the Successor
Agency; 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, 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 Successor Agency hereby approves the Schedule attached hereto as
Exhibit A as the Recognized Obligation Payment Schedule 17-18 for the period July 1,
2017 through June 30, 2018. 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.Executive Director Yates, or his designee, is hereby authorized to submit
the ROPS to such parties as may be required in accordance with the Health & Safety
SA Reso. NO. SA 2017-___
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Code, 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.
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 Health &
Safety Code.
Passed and Adopted at a Regular meeting of the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore, held this 24th day of January,
2017.
Robert E. Magee,
Chair
Attest:
Susan M. Domen, MMC,
Secretary
EXHIBIT A
ROPS 17-18