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| C. 4 |
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| COUNTYWIDE OVERSIGHT BOARD |
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| Information |
| Recommendation(s) |
| Adopt Resolution 2019/3 Approving the Recognized Obligation Payment Schedule for July 1, 2019 – June 30, 2020 (ROPS 19 – 20) for Clayton Successor Agency. |
| Background |
| See attached staff report. |
| In The Matter Of: |
A RESOLUTION OF THE COUNTYWIDE OVERSIGHT BOARD OF CONTRA COSTA COUNTY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET OF THE CITY OF CLAYTON REDEVELOPMENT SUCCESSOR AGENCY FOR THE PERIOD JULY 1, 2019 THROUGH JUNE 30, 2020
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| Body: |
WHEREAS, Section 34177(1) of the California Health and Safety Code requires the Successor Agency to the Redevelopment Agency of the City of Clayton (Successor Agency) to submit to the Contra Costa County Consolidated Oversight Board (Board) for approval a Recognized Obligation Payment Schedule (ROPS); and
WHEREAS, Section 34177(1) also requires that the Successor Agency submit, at the same time as the Board, a copy of the ROPS to the County Administrative Officers (CAO), the Contra Costa County Auditor-Controller (CAC), and the State Department of Finance (DOF); and
WHEREAS, in order for the ROPS to be deemed valid, and therefore eligible for payment, it must be approved by the Board and a copy of the approved ROPS must be submitted to the CAC, the State Controller’s Office (SCO), and DOF, and posted on the Successor Agency’s website; and
WHEREAS, Successor Agency staff has prepared the attached ROPS 2019-20 and submitted it to the Board for review and approval, and at the same time has provided a copy of the ROPS to the CAO, the CAC, and the DOF; and
WHEREAS, the Board desires to approve the ROPS 2019-20 in order to pay approved enforceable obligations for the period of July 1, 2019 through June 30, 2020.
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| Now, Therefore, Be It Resolved: |
NOW, THEREFORE, THE COUNTYWIDE OVERSIGHT BOARD OF CONTRA COSTA COUNTY DOES HEREBY RESOLVE AS FOLLOWS:
1. The ROPS 2019-20, in the form attached to this resolution as Exhibit A and incorporated herein by reference, is hereby approved.
2. The staff of the Successor Agency is hereby directed to submit the ROPS 2019-20 to the CAC, the SCO, and DOF, and post it on the Successor Agency’s website in accordance with State Health and Safety Code Section 34177(1)(2)(C), and to cooperate with the DOF to the extent necessary to obtain DOF’s acceptance of the ROPS, including, if necessary, making modifications to the ROPS determined by the Executive Director of the Redevelopment Successor Agency to be reasonable and financially feasible to meet its legally required financial obligations.
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| Vote and Attest |
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ATTEST: |
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Oversight Board Secretary |
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