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| C.14 |
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| COUNTYWIDE OVERSIGHT BOARD |
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| Information |
| Recommendation(s) |
| Adopt Resolution 2020/20 Approving the Recognized Obligation Payment Schedule and Administrative Budget for July 1, 2020 – June 30, 2021 (ROPS 20– 21) and Administrative Budget for the San Pablo Local Successor Agency. |
| Background |
| Please see attached staff report. |
| In The Matter Of: |
RESOLUTION OF THE COUNTYWIDE OVERSIGHT BOARD FOR THE COUNTY OF CONTRA COSTA APPROVING AN ADMINISTRATIVE BUDGET AND RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR FISCAL YEAR 2020-21 (“ROPS 20-21”) FOR THE SAN PABLO LOCAL SUCCESSOR AGENCY
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| Body: |
WHEREAS, pursuant to Part 1.85 of Division 24 of the California Health and Safety Code (Health and Safety Code Section 34170 et seq.; the “Dissolution Act”), all redevelopment agencies in the State of California, including the Redevelopment Agency of the City of San Pablo (the “Redevelopment Agency”), were dissolved as of February 1, 2012;
WHEREAS, pursuant to the Dissolution Act, the City of San Pablo (the “City”) became the local successor agency (the “San Pablo LSA”) to the former Redevelopment Agency and, by operation of law under Section 34175(b) of the Dissolution Act, all assets, properties, contracts, leases, books and records, buildings, and equipment of the former Redevelopment Agency (the “redevelopment assets”) were transferred to the San Pablo LSA, on February 1, 2012;
WHEREAS, the San Pablo LSA is responsible for winding down the activities of the former Redevelopment Agency;
WHEREAS, as of July 1, 2018, the Countywide Oversight Board to the Successor Agencies of the Redevelopment Agencies within Contra Costa County (the “Countywide Oversight Board”) is the responsible oversight board for all successor agencies in the County, including the San Pablo LSA;
WHEREAS, Section 34177(j) of the Dissolution Act requires the San Pablo LSA to prepare a proposed administrative budget for the upcoming fiscal year for submittal to the Countywide Oversight Board for its approval;
WHEREAS, Section 34177(o) of the Dissolution Act requires the San Pablo LSA to prepare a Recognized Obligation Payment Schedule (“ROPS”) for each fiscal year, which lists the outstanding obligations of the former Redevelopment Agency, states the amounts required to be paid and the source of funds for the payments, for submittal to the Countywide Oversight Board for its approval;
WHEREAS, San Pablo LSA has prepared an administrative budget and a ROPS for Fiscal Year 2020-21 (“ROPS 20-21”);
WHEREAS, pursuant to Section 34180(g) of the Dissolution Act, the Countywide Oversight Board must approve ROPS 20-21; and
WHEREAS, pursuant to Health and Safety Code Section 34177(o), ROPS 20-21 as approved by the Countywide Oversight Board must be submitted by the San Pablo LSA to the State Department of Finance and the County Auditor-Controller no later than February 1, 2020.
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| Now, Therefore, Be It Resolved: |
NOW, THEREFORE, the Countywide Oversight Board for the County of Contra Costa does hereby resolve as follows:
Section 1. Recitals. The Recitals set forth above are true and correct and incorporated herein.
Section 2. Approval of San Pablo LSA Administrative Budget. The Countywide Oversight Board hereby approves the administrative budget for the San Pablo LSA in the amount of $250,000 for Fiscal Year 2020-21, in the form attached to this resolution.
Section 3. Adoption of ROPS for Fiscal Year 2020-2021. The Countywide Oversight Board hereby adopts the ROPS for Fiscal Year 2020-21, designated “ROPS 20-21,” in the forms attached to this resolution.
Section 4. Posting and Transmittal. The Countywide Oversight Board hereby authorizes and directs the San Pablo LSA to transmit ROPS 20-21 to the Contra Costa County Chief Administrative Officer, Contra Costa County Auditor-Controller, and the State Department of Finance.
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| Vote and Attest |
I hereby certify that this is a true and correct copy of an action taken and entered on the minutes of the Countywide Oversight Board, on the date shown.
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ATTESTED: January 27, 2020 |
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Maureen Toms, Oversight Board Secretary |
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