|
Return
|
| C.12 |
|
| COUNTYWIDE OVERSIGHT BOARD |
|
|
|
| Information |
| Recommendation(s) |
| ADOPT Resolution 2022/34 Approving the Recognized Obligation Payment Schedule for July 1, 2022 – June 30, 2023 (ROPS 22-23) and Administrative Budget for the Pleasant Hill 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 PLEASANT HILL REDEVELOPMENT SUCCESSOR AGENCY FOR THE PERIOD JULY 1, 2022, THROUGH JUNE 30, 2023.
|
| Body: |
WHEREAS, the Contra Costa Countywide Oversight Board ("Oversight Board") has been established to direct the Successor Agency to the Pleasant Hill Redevelopment Agency (“Successor Agency”) to take certain actions to wind down the affairs of the Redevelopment Agency in accordance with the Dissolution Act (enacted by Assembly Bills 26, 471 and 1484 and Senate Bill 107, as codified in the California Health and Safety Code); and
WHEREAS, Section 34179 of the Dissolution Act provides that the Oversight Board has fiduciary responsibilities to holders of enforceable obligations and the taxing entities that benefit from distributions of property tax and other revenues pursuant to Section 34188 of Part 1.85 of the Dissolution Act; and
WHEREAS, Section 34177(o) of the State Health and Safety Code (“HSC”) requires the Successor Agency to the Pleasant Hill Redevelopment Agency (“Successor Agency”) to submit to the Oversight Board for approval a Recognized Obligation Payment Schedule (“ROPS”); and
WHEREAS, in order for the ROPS to be deemed valid, and therefore eligible for payment, it must be approved by the Oversight Board and a copy of the approved ROPS must be submitted to the Contra Costa County Auditor-Controller (“CAC”), the State Controller’s Office, and Department of Finance (“DOF”), and posted on the Successor Agency’s website; and
WHEREAS, Successor Agency staff has prepared the attached ROPS 22-23 for the period of July 1, 2022, through June 30, 2023, (Exhibit “A”) and submitted it to the Oversight Board for review and approval; and
WHEREAS, Section 34177(j) of the Dissolution Act requires the Successor Agency to prepare a proposed administrative budget and submit it to the Oversight Board for approval; and
WHEREAS, the Successor Agency’s proposed Fiscal Year 2022-23 Administrative Budget for the period July 1, 2022, to June 30, 2023, attached hereto as Exhibit B, has been reviewed and by this Resolution the Oversight Board desires to approve such Administrative Budget; and
WHEREAS, the Administrative Budget, when and as approved by the Oversight Board, will be provided to the County of Contra Costa Auditor-Controller pursuant to Section 34177(k) so that the Successor Agency’s estimated administrative costs in the approved Administrative Budget will be paid from property tax revenues deposited into the Redevelopment Property Tax Trust Fund.
|
| Now, Therefore, Be It Resolved: |
NOW, THEREFORE, THE COUNTYWIDE OVERSIGHT BOARD OF CONTRA COSTA COUNTY DOES HEREBY RESOLVE AS FOLLOWS:
1. The ROPS for July 1, 2022, through June 30, 2023, 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 22-23 to the CAC, the State Controller’s Office, and DOF, post it on the Successor Agency’s website in accordance with HSC Section 34177(l)(2)(C), and to cooperate with 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.
3. The Oversight Board hereby approves the Fiscal Year 2022-23 Administrative Budget for the period July 1, 2022, to June 30, 2023, submitted herewith as Exhibit B, which is incorporated herein by this reference.
4. Successor Agency staff is hereby authorized to send the Administrative Budget to the Contra Costa County Auditor-Controller and post it on the Successor Agency’s website.
5. The Oversight Board Secretary shall certify to the adoption of this Resolution.
|
| Vote and Attest |
PASSED AND ADOPTED this 24th of January, 2022.
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.
| |
ATTEST: |
| |
|
| |
___________________________________
Maureen Toms,
Oversight Board Secretary |
|
|
|
|
|