|
Return
|
| C.11 |
|
| COUNTYWIDE OVERSIGHT BOARD |
|
|
|
| Information |
| Recommendation(s) |
| Adopt Resolution 2021/10 Approving the Recognized Obligation Payment Schedule for July 1, 2021 – June 30, 2022 (ROPS 21 – 22) for the Pittsburg Successor Agency. |
| Background |
| See attached staff report. |
| In The Matter Of: |
In the Matter of:
Adoption of a Countywide Oversight Board Resolution Approving the July 1, 2021 – June 30, 2022 Recognized Obligation Payment Schedule For the Successor Agency for the Redevelopment Agency of the City of Pittsburg
The Countywide Oversight Board FINDS AND DETERMINES as follows:
|
| Body: |
WHEREAS, on June 29, 2011, California State’s budget was signed and along with it, adopted California State Legislation AB26x1, also known as the “Dissolution Act”; and
WHEREAS, on December 29, 2011, the California Supreme Court found Dissolution Act constitutional, thereby dissolving the Redevelopment Agency of the City of Pittsburg effective February 1, 2012; and
WHEREAS, pursuant to the Dissolution Act and California Health and Safety Code 34177, the Successor Agency for the Redevelopment Agency of the City of Pittsburg (the “Pittsburg Successor Agency”) is required to prepare a Recognized Obligation Payment Schedule (the “ROPS”), covering a six-month period and identifying the Pittsburg Successor Agency‘s financial obligation during said six-month period; and
WHEREAS, while the Pittsburg Successor Agency may not initiate any new activities nor incur new indebtedness, it is nevertheless required under legislative statute and court order to continue making those payments necessary for day to day operations pursuant to contractual commitments/enforceable obligations, regulatory authorities, and indebtedness entered into prior to the enactment of the Dissolution Act; and
WHEREAS, on June 27, 2012, the Governor signed into law budget trailer bill AB 1484. AB 1484 imposes new requirements on successor agencies with regard to the submittal of the ROPS; and
WHEREAS, budget trailer bill SB 107 was approved and signed by the Governor and took immediate effect on September 22, 2015. The primary purpose of SB 107 is to make technical and substantive amendments to the existing Dissolution Act; and
WHEREAS, pursuant Section 34177, as amended, changed the review of ROPS from semi-annual to annual; and
WHEREAS, the Pittsburg Successor Agency’s ROPS largely consists of debt service related expenses, administrative expenses, and other eligible enforceable obligation; and
WHEREAS, upon receiving Countywide Oversight Board approval of the ROPS for the period of July 1, 2021 – June 30, 2022 (the “ROPS 21-22”), staff will submit ROPS 21-22 to the California State Department of Finance, the County Auditor-Controller’s Office, and the California State Controller’s Office.
|
| Now, Therefore, Be It Resolved: |
NOW, THEREFORE, the Countywide Oversight Board DOES RESOLVE as follows:
Section 1.
The above recitals are true and correct and incorporated herein.
Section 2.
Countywide Oversight Board hereby adopts this Resolution, approving ROPS 21-22.
Section 3.
The Executive Director is hereby authorized to take such further actions as may be necessary or appropriate to carry out the Countywide Oversight Board’s obligations pursuant to this Resolution.
Section 4.
The Countywide Oversight Board Secretary shall certify to the adoption of this Resolution.
Section 5.
This resolution becomes effective immediately upon adoption.
|
| Vote and Attest |
PASSED AND ADOPTED by the Countywide Oversight Board at a regular meeting on the 25th day of January 2021 by the following vote:
AYES:
NOES:
ABSTAINED:
ABSENT:
_____________________________
Rita Xavier, Chair
ATTEST:
____________________________________________
Maureen Toms, Countywide Oversight Board Secretary
|
|
|
|
|