HomeMy WebLinkAbout0006_2_OB Reso 2018-00_ Re ROPS 18-19 012918RESOLUTION NO. OB-2018-___
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 18-19) FOR JULY 1, 2018 THROUGH JUNE 30,
2019
WHEREAS, the Oversight Board to the Successor Agency of the Redevelopment
Agency of the City of Lake Elsinore (the “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 (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 2018 through June 2019; and
WHEREAS, applicable law requires that the ROPS 18-19 for the period July 1, 2018
through June 30, 2019 be submitted to the Department of Finance and the State Controller’s
office, after approval by the Oversight Board, no later than February 1, 2018 or be subject to
penalties; and
WHEREAS, on January 23, 2018, the Successor Agency of the Redevelopment Agency
of the City of Lake Elsinore considered and approved the Recognized Obligation Payment
Schedule 18-19 for the period July 1, 2018 through June 30, 2019; 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 attached hereto as
Exhibit A as the Recognized Obligation Payment Schedule 18-19 for the period July 1, 2018
through June 30, 2019. 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 Successor Agency hereby declares
that it would have adopted this Resolution irrespective of the invalidity of any particular portion
thereof.
Resolution No. OB-2018-___
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SECTION 4.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, APPROVED AND ADOPTED by the Oversight Board to the Successor
Agency of the Redevelopment Agency of the City of Lake Elsinore, held this 29th day of
January, 2018.
Genie Kelley, Chair
ATTEST:
Susan M. Domen, MMC,
Oversight Board Secretary
Resolution No. OB-2018-___
Page 3 of 4
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Susan M. Domen, MMC, Secretary of the Oversight Board to the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore, California, hereby certify that Resolution
No. OB - 2018- was adopted by the Oversight Board to the Successor Agency of the
Redevelopment Agency of the City of Lake Elsinore at a Regular meeting held on the 29th day
of January, 2018 by the following vote:
AYES:
NOES:
ABSTAIN:
ABSENT:
Susan M. Domen, MMC,
Oversight Board Secretary
EXHIBIT A
ROPS 18-19