Laserfiche WebLink
Metadata
Document management portal powered by Laserfiche WebLink 9 © 1998-2015 Laserfiche. All rights reserved.
City of San Leandro <br />Meeting Date: February 18, 2014 <br />ONR x419" ` Resolution - SA <br />File Number: 14-031 Agenda Section: CONSENT CALENDAR <br />Agenda Number: <br />TO: City Council <br />FROM: Chris Zapata <br />City Manager <br />BY: Cynthia Battenberg <br />Community Development Director <br />FINANCE REVIEW: Not Applicable <br />TITLE: RESOLUTION of the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro Adopting a Recognized Obligation Payment Schedule <br />(ROPS) for the Period July 1 - December 31, 2014, Pursuant to Health and <br />Safety Code Section 34177(L) (approves the six-month payment schedule <br />detailing the obligations of the former Redevelopment Agency) <br />WHEREAS, pursuant to Resolution No. 2012-001, adopted by the City Council of the <br />City of San Leandro on January 9, 2012, the City of San Leandro ("City") agreed to serve as <br />the Successor Agency to the Redevelopment Agency of the City of San Leandro (the <br />"Successor Agency") commencing upon the dissolution of the Agency on February 1, 2012; <br />and <br />WHEREAS, pursuant to Health and Safety Code Section 34177(1), before each <br />six-month fiscal period, the Successor Agency to a dissolved Redevelopment Agency is <br />required to adopt a Recognized Obligation Payment Schedule ("ROPS") that lists all of the <br />obligations that are "enforceable obligations" within the meaning of Health and Safety Code <br />Section 34177, and which identifies a source of payment for each such obligation from <br />among (i) the Low and Moderate Income Housing Fund, (ii) bond proceeds, (iii) reserve <br />balances, (iv) the administrative cost allowance, (v) revenues from rents, concessions, interest <br />earnings, and asset sales, and (vi) the Redevelopment Property Tax Trust Fund established <br />by the County Auditor -Controller to the extent no other source of funding is available or <br />payment from property tax is contractually or statutorily required; and <br />WHEREAS, the ROPS must be concurrently submitted to the County Administrative <br />Officer, the County Auditor -Controller, the State Department of Finance, and the Oversight <br />Board established to review Successor Agency actions; and <br />WHEREAS, once the ROPS is approved by the Oversight Board, the ROPS must be <br />posted on the Successor Agency's website and transmitted to the County Auditor -Controller, <br />the State Controller and the State Department of Finance. <br />City of San Leandro Page 1 Printed on 211212014 <br />