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8N Consent 2021 0104
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8N Consent 2021 0104
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12/30/2020 5:46:07 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agenda
Document Date (6)
1/4/2021
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SA Reso 2021-001 Adopting Recognized Obligations Payment Schedule
(Approved by)
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City of San Leandro <br />Meeting Date: January 4, 2021 <br />Resolution - SA <br />Agenda Section:File Number:20-581 CONSENT CALENDAR <br />Agenda Number: <br />TO:City Council <br />FROM:Fran Robustelli <br />Interim City Manager <br />BY:Tom Liao <br />Community Development Director <br />FINANCE REVIEW:Susan Hsieh <br />Finance Director <br />TITLE:RESOLUTION of the Successor Agency to the Redevelopment Agency of the <br />City of San Leandro Adopting a Recognized Obligations Payment Schedule <br />(ROPS) and Administrative Budget for the Period July 1, 2021 - June 30, 2022, <br />Detailing the Obligations of the Former Redevelopment Agency Pursuant to <br />Health and Safety 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 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 Obligations 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 <br />County Auditor-Controller may select after consulting with the department. In accordance with <br />Health and Safety Code Section 34179(j), the ten oversight boards then in place in the County of <br />Alameda consolidated into one Oversight Board commencing on and after July 1, 2018 <br />(“Oversight Board”); and <br />Page 1 City of San Leandro Printed on 12/30/2020 <br />352
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