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City of San Leandro <br />Meeting Date: January 7, 2019 <br />Resolution - Council <br />Agenda Section:File Number:18-654 CONSENT CALENDAR <br />Agenda Number: <br />TO:City Council <br />FROM:Jeff Kay <br />City Manager <br />BY:Tom Liao <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, 2019 - June 30, 2020, Detailing the Obligations of <br />the Former Redevelopment Agency Pursuant to California Health and Safety <br />Code Section 34177(l) <br />WHEREAS, pursuant to Resolution No. 2012-001, adopted by the City Council of the City <br />of San Leandro on January 9, 2012, the City of San Leandro (“City”) agreed to serve as the <br />Successor Agency to the Redevelopment Agency of the City of San Leandro (the “Successor <br />Agency”) commencing upon the dissolution of the Agency on February 1, 2012; and <br />WHEREAS, pursuant to California 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 California Health and Safety <br />Code 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 by <br />the County Auditor-Controller to the extent no other source of funding is available or payment from <br />property tax is contractually or statutorily required; and <br />WHEREAS, pursuant to California Health and Safety Code Section 34179(j), <br />commencing on and after July 1, 2018, in each county where more than one oversight board was <br />created, there shall be only one oversight board, which shall be staffed by the county <br />auditor-controller, by another county entity selected by the county auditor-controller, or by a city <br />within the county that the county auditor-controller may select after consulting with the department. <br />In accordance with Health and Safety Code Section 34179(j), the ten oversight boards then in <br />place in the County of Alameda consolidated into one Oversight Board commencing on and after <br />July 1, 2018 (“Oversight Board”); and <br />Page 1 City of San Leandro Printed on 12/21/2018