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File Number: 12 -375 <br />allowance for Fiscal Year 2012 -13 is the greater of 3% of funds received from the <br />Redevelopment Property Tax Trust Fund or $250,000 annually. For San Leandro, the <br />$250,000 minimum allowance is expected to apply. For this ROPS, covering six months of <br />obligations, the administrative allowance equals $125,000, or half of the annual amount. <br />Previous Actions <br />• On January 9, 2012, the City Council affirmed its decision to have the City serve as the <br />Successor Agency for the former Redevelopment Agency and to retain the Agency's <br />housing assets and functions. <br />• On January 23, 2012, the Board of the Redevelopment Agency approved the amended <br />EOPS. <br />• On April 2, 2012, the City Council, serving as governing board of the Successor Agency, <br />adopted the ROPS for the period of February 1, 2012 through June 30, 2012. <br />• On May 7, 2012, the City Council, serving as the governing board of the Successor <br />Agency, adopted the ROPS for the period of July 1, 2012 through December 31, 2012. <br />Fiscal Impacts <br />As noted above, payment of the Enforceable Obligations listed on the ROPS will be funded <br />using funds disbursed by the County Auditor - Controller using property tax revenue deposited <br />into the Redevelopment Property Tax Trust Fund. The General Fund (or any other City fund) <br />does not bear any responsibility for the payment of enforceable obligations of the former <br />Redevelopment Agency. <br />ATTACHMENTS <br />\= <br />PREPARED BY: Jeff Kay, Administrative Analyst, City Manager's Office <br />City of San Leandro Page 3 Printed on 711012012 <br />