Laserfiche WebLink
City of San Leandro <br />Meeting Date: January 6, 2020 <br />Resolution - Council <br />Agenda Section:File Number:19-661 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, 2020 - June 30, 2021, Detailing the Obligations of <br />the Former Redevelopment Agency Pursuant to Health and Safety Code Section <br />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 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 (i) <br />the Low and Moderate Income Housing Fund, (ii) bond proceeds, (iii) reserve balances, (iv) the <br />administrative cost allowance, (v) revenues from rents, concessions, interest earnings, and asset <br />sales, and (vi) the Redevelopment Property Tax Trust Fund established by the County <br />Auditor-Controller to the extent no other source of funding is available or payment from property <br />tax is contractually or statutorily required; and <br />WHEREAS, pursuant to Health and Safety Code Section 34179(j), commencing on and <br />after July 1, 2018, in each county where more than one oversight board was created, there shall <br />be only one oversight board, which shall be staffed by the county auditor-controller, by another <br />county entity selected by the county auditor-controller, or by a city within the county that the county <br />auditor-controller may select after consulting with the department. In accordance with HSC 34179 <br />(j), the ten oversight boards then in place in the County of Alameda consolidated into one <br />Oversight Board commencing on and after July 1, 2018 (“Oversight Board”); and <br />Page 1 City of San Leandro Printed on 12/23/2019 <br />29