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City of San Leandro <br />Meeting Date: January 17, 2017 <br />Resolution - Council <br />Agenda Section:File Number:16-716 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:David Baum <br />Finance Director <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, 2017 - June 30, 2018, Detailing the Obligations <br />of the Former Redevelopment Agency Pursuant to Health and Safety Code <br />Section 34177(l) <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(l), before each <br />twelve-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 among <br />(i) the Low and Moderate Income Housing Fund, (ii) bond proceeds, (iii) reserve balances, (iv) <br />the administrative cost allowance, (v) revenues from rents, concessions, interest earnings, <br />and asset sales, and (vi) the Redevelopment Property Tax Trust Fund established by the <br />County Auditor-Controller to the extent no other source of funding is available or payment <br />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 />Page 1 City of San Leandro Printed on 1/10/2017