Agenda

Back to Calendar Return

C. 9

COUNTYWIDE OVERSIGHT BOARD

Meeting Date:	01/28/2019
SUBJECT : Oakley Successor Agency-ROPS
FROM:	Maureen Toms, Oversight Board Secretary

Information

Recommendation(s)

Adopt Resolution 2019/8 Approving the Recognized Obligation Payment Schedule for July 1, 2019 – June 30, 2020 (ROPS 19 – 20) for Oakley 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 PAMENT SCHEDULE FOR THE CITY OF OAKLEY REDEVELOPMENT SUCCESSOR AGENCY FOR THE PERIOD OF JULY 1, 2019 THROUGH JUNE 30, 2020 AND ADMINISTRATIVE BUDGET FOR FISCAL YEAR 2019-2020

Body:

WHEREAS, Section 34177(1)(2) of the California Health and Safety Code requires the Successor Agency to the City of Oakley Redevelopment Agency (“Successor Agency”) to submit to the Contra Costa County Consolidated Oversight Board (“Board”) for approval a Recognized Obligation Payment Schedule (“ROPS”); and

WHEREAS, Health and Safety Code Section 34177(j) requires the Oversight Board to approve an Administrative Budget for administrative costs of the Successor Agency; and

WHEREAS, Successor Agency staff had prepared the attached ROPS 19-20 and administrative budget and submitted it to the Board for review and approval; and

WHEREAS, the Board desires to approve the attached ROPS 19-20 in order to pay approved enforceable obligations for the period of July 1, 2019 through June 30, 2020; and

WHEREAS, the Board desires to approve the Administrative Budget for the period of July 1, 2019 through June 30, 2020.

Now, Therefore, Be It Resolved:

NOW, THEREFORE, the Countywide Oversight Board for the County of Contra Costa approves the attached Recognized Obligations Payment Schedule and Administrative Budget for fiscal year 2019/20, July 1, 2019 – June 30, 2020 attached hereto as Exhibit A.

Vote and Attest

	ATTEST:

	_____________________________
	Oversight Board Secretary

Attachments
Resolution 2019/8
Oakley Exhibit A- Administrative Budget
Oakley Staff Report
Oakley ROPS