Laserfiche WebLink
City of San Leandro <br />Meeting Date: January 17, 2017 <br />Staff Report <br />Agenda Section:File Number:16-715 CONSENT CALENDAR <br />Agenda Number:8.G. <br />TO:City Council <br />FROM:Chris Zapata <br />City Manager <br />BY:Cynthia Battenberg <br />Community Development Director <br />FINANCE REVIEW:David Baum <br />Finance Director <br />TITLE:Staff Report for a Resolution of the Successor Agency to the Redevelopment <br />Agency of the City of San Leandro Adopting a Recognized Obligation <br />Payment Schedule (ROPS) for the Period July 1, 2017 - June 30, 2018, <br />Pursuant to Health and Safety Code Section 34177(l) <br />RECOMMENDATIONS <br />Staff recommends that the governing board of the Successor Agency to the Redevelopment <br />Agency of the City of San Leandro adopt a Resolution approving a Recognized Obligation <br />Payment Schedule for the period from July 1, 2017 through June 30, 2018. <br />BACKGROUND <br />Pursuant to Assembly Bill x1 26, on January 9, 2012, the City Council affirmed its decision to <br />have the City serve as the Successor Agency to the former Redevelopment Agency (Agency). <br />Assembly Bill 1484, passed by the State Legislature on June 27, 2012, modified AB x1 26 to <br />clarify that successor agencies are separate legal entities from the city that formed the <br />redevelopment agency. Under Senate Bill 107, introduced and passed by the State <br />Legislature on September 11, 2015, the Successor Agency is obligated to prepare a <br />Recognized Obligation Payment Schedule (ROPS) every fiscal year that lists all enforceable <br />obligations payable during that twelve month period. This differs from the previous <br />requirement to prepare a ROPS for every six-month period. Approval of the ROPS by the <br />Successor Agency Oversight Board is also required prior to submission to the California <br />Department of Finance (DOF). The Successor Agency can only pay obligations that are listed <br />on the ROPS and approved by the DOF. <br />Analysis <br />A primary responsibility of the Successor Agency is to oversee the payment of Enforceable <br />Obligations. Enforceable Obligations are defined as: <br />Page 1 City of San Leandro Printed on 1/10/2017