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To: Memo to Successor Agency Clients <br />From: Susan E. Bloch <br />Re: AB 1484— Redevelopment Budget Trailer Bill <br />Date: July 5, 2012 <br />Page: 4 <br />review. Within five business days following the Department's determination, the <br />Successor Agency may request a meet and confer to discuss disputed ROPS items. 16 <br />4. The County auditor - controller may also object to items on the ROPS, and may object <br />to funding sources specified on the ROPS. These objections may be made either <br />prior to or following submittal of the ROPS to the Oversight Board. County auditor - <br />controller objections must be made by October 1, 2012 for the January -June 2013 <br />ROPS, and by not later than 60 days prior to the applicable property tax allocation <br />date for subsequent ROPS. 17 <br />When an enforceable obligation provides for an irrevocable commitment of property <br />tax revenue over time, a Successor Agency may petition DOF to provide written <br />confirmation that its approval of such obligation is final and conclusive and reflects <br />the Department's approval of subsequent payments. If DOF provides such <br />confirmation, then DOF's review of such payments on future ROPS is limited to <br />confirming that the payment is required by the enforceable obligation. 18 <br />PASSTHROUGH PAYMENTS FOR FY 2011 -12 <br />AB 1484 provides that if any passthrough payment obligation has not yet been paid to the <br />taxing entities for fiscal year 2011 -12, the County auditor - controller shall make such <br />payments and shall reduce property tax allocations to the Successor Agency by the amount of <br />such payments. 19 Alternatively, the County auditor - controller may accept payments for such <br />purpose from the Successor Agency's reserve funds. If the County auditor - controller made <br />passthrough payments to taxing entities for fiscal year 2011 -12 on behalf of the <br />redevelopment agency, then the County auditor - controller is to deduct from the next <br />allocation of property tax revenue to the Successor Agency, the amount of such payments in <br />an amount not to exceed one -half of the total passthrough payments owed for the 2011 -12 <br />fiscal year. <br />16 Section 34177(m). <br />17 Section 34182.5. <br />11 Section 34177.5(1). <br />19 Section 34183.5(a)(1). <br />20 Section 34183.5(a)(2). <br />A PROFESSIONAL LAW CORPORATION OAKLAND LOS ANGELES SACRAMENTO SAN FRANCISCO SANTA ROSA FRESNO <br />