Agenda

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C.2

COUNTYWIDE OVERSIGHT BOARD

Meeting Date:	01/25/2021
SUBJECT : Antioch ROPS
FROM:	Maureen Toms, Oversight Board Secretary

Information

Recommendation(s)

ADOPT Resolution 2021/1 Approving the Recognized Obligation Payment Schedule for July 1, 2021– June 30, 2022 (ROPS 21-22) and Administrative Budget for the Antioch Successor Agency.

Background

See attached staff report.

In The Matter Of:

A RESOLUTION OF THE COUNTYWIDE OVERSIGHT BOARD TO THE SUCCESSOR AGENCIES OF THE REDEVELOPMENT AGENCIES WITHIN CONTRA COSTA COUNTY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE (“ROPS”) AND ADMINISTRATIVE ALLOWANCE FOR THE SUCCESSOR AGENCY TO THE ANTIOCH DEVELOPMENT AGENCY FOR THE PERIOD OF JULY 2021 THROUGH JUNE 2022 (ROPS 21-22)

Body:

Whereas, Health and Safety Code section 34177(l)(1) provides that Successor Agencies are required to prepare a Recognized Obligation Payment Schedule before each fiscal period identifying enforceable obligations and sources of payment; and

Whereas, Health and Safety Code sections 34171 (3) provides for an administrative cost allowance up to 3% of the actual property tax distributed to the successor agency by the county auditor-controller in the preceding fiscal year, but not less than $250,000 in any fiscal year, unless this amount is reduced by the oversight board or by agreement between the successor agency and the department; and

Whereas, Health and Safety Code sections 34177 (B) and 34171 (5) provides that Recognized Obligation Payment Schedules and the administrative cost allowance are to be approved by Oversight Boards;

Now, Therefore, Be It Resolved:

NOW THEREFORE BE IT RESOLVED THAT the Countywide Oversight Board to the Successor Agencies of the Redevelopment Agencies within Contra Costa County hereby approves the attached Recognized Obligation Payment Schedule and administrative allowance requested of $50,000 of the City of Antioch as Successor Agency to the Antioch Development Agency for the period of July 2021 through June 2022 (ROPS 21-22).

Vote and Attest

Passed and Adopted by the Countywide Oversight Board to the Successor Agencies of the Redevelopment Agencies within Contra Costa County at a regular meeting thereof, held on the 25th day of January, 2021 by the following vote:

ATTEST:

________________________________
Maureen Toms, Oversight Board Secretary

Attachments
Resolution 2021/1
Antioch.ROPS Staff Report.pdf
Antioch.ROPS
Antioch.Admin Budget
2021-1 Antioch
2021-1 Antioch, signed