HomeMy WebLinkAboutSA 2023-005 ROPS 23-24BRESOLUTION NO. SA-2023-5
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 23-24B) FOR JANUARY 1,
2023 THROUGH JUNE 30, 2023
Whereas, the Successor Agency of the Redevelopment Agency of the City of Lake
Elsinore (“Successor Agency”) is charged with implementing enforceable obligations and
winding down the affairs of the former Redevelopment Agency of the City of Lake Elsinore (the
“Agency”) in accordance with the California Health & Safety Code; and,
Whereas, Senate Bill (SB) 107, enacted in September 2016, added Health & Safety
Code (“HSC”) 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 2022 through June 2023; and,
Whereas, SB 107 permits an amended ROPS 23-24B for the period January 1, 2023
through June 30, 2023 to be submitted to the Department of Finance and the State Controller’s
office, after approval by the Oversight Board, no later than October 1, 2022 or be subject to
penalties; and,
Whereas, HSC Section 34177.7(o)(1)(E), permits an Amended ROPS 23-24B 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 23-24B period, and,
Whereas, on September 21, 2023, the Countywide Oversight Board of the County of
Riverside will consider making the finding that a revision to ROPS 23-24 is necessary for the
payment of enforceable obligations during the second half of the ROPS period and consider the
approval of the Amended Recognized Obligation Payment Schedule (ROPS 23-24B) for
January 1, 2023 through June 30, 2023, in the form attached as Exhibit A; 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 Amended Recognized Obligation Payment Schedule 23-24B for the period
January 1, 2023 through June 30, 2023. 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 Simpson, or his designee, is hereby authorized to
submit the ROPS to such parties as may be required in accordance with the Health & Safety
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Resolution No. SA-2023-5
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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 by the Successor Agency of the Redevelopment Agency of the City of
Lake Elsinore, California, this 12th day of September, 2023.
Natasha Johnson
Chair
Attest:
Candice Alvarez, MMC
Secretary
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Resolution No. SA-2023-5
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, Secretary to the Successor Agency of the Redevelopment Agency of the
City of Lake Elsinore, California, hereby certify that Resolution No. SA-2023-5 was adopted by
the Successor Agency of the Redevelopment Agency of the City of Lake Elsinore at a Regular
meeting held on the 12th day of September 2023 by the following vote:
AYES: Agency Members Tisdale, Sheridan, and Magee; Vice Chair Manos; and Chair
Johnson
NOES: None
ABSENT: None
ABSTAIN: None
Candice Alvarez, MMC
Secretary
DocuSign Envelope ID: DCF26808-B819-48C0-9D77-E5A658707A5B
EXHIBIT A
AMENDED ROPS 23-24B
[attached]
DocuSign Envelope ID: DCF26808-B819-48C0-9D77-E5A658707A5B
DocuSign Envelope ID: DCF26808-B819-48C0-9D77-E5A658707A5B
DocuSign Envelope ID: DCF26808-B819-48C0-9D77-E5A658707A5B
DocuSign Envelope ID: DCF26808-B819-48C0-9D77-E5A658707A5B