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C. 9

COUNTYWIDE OVERSIGHT BOARD

Meeting Date:	01/23/2023
SUBJECT : Lafayette ROPS
FROM:	Maureen Toms, Oversight Board Secretary

Information

Recommendation(s)

ADOPT Resolution 2023/40 Approving the Recognized Obligation Payment Schedule for July 1, 2023 - June 30, 2024, (ROPS 23-24) for the Lafayette Successor Agency.

Background

See attached.

In The Matter Of:

IN THE MATTER OF THE COUNTYWIDE OVERSIGHT BOARD FOR CONTRA COSTA COUNTY SUCCESSOR AGENCIES APPROVING RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR PERIOD JULY 2023 THROUGH JUNE 2024 FOR THE SUCCESSOR AGENCY TO THE LAFAYETTE REDEVELOPMENT AGENCY.

Body:

WHEREAS, Section 34177(1) of the California Health and Safety Code requires the Successor Agency to submit to the Contra Costa Countywide Oversight Board (Board) for approval a Recognized Obligation Payment Schedule (ROPS); before each fiscal period identifying enforceable obligations and sources of payment; and

WHEREAS, in order for the ROPS to be deemed valid, and therefore eligible for payment, it must be approved by the Board and a copy of the approved ROPS must be submitted to the County Administrative Officers (CAO), the Contra Costa County Auditor-Controller (CAC), State Controller’s Office (SCO), and State Department of Finance (DOF) by each February 1; and posted on the Successor Agency’s website; and

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

WHEREAS, the Successor Agency's "administrative cost allowance" as defined and authorized pursuant to Health & Safety Code Section 34171(b), is a minimum of $250,000 unless reduced by the Oversight Board or by agreement between the Successor Agency and DOF for the ROPS time period; and

WHEREAS, the accompanying staff report provides supporting information upon which the actions set forth in this Resolution are based.

Now, Therefore, Be It Resolved:

NOW, THEREFORE, THE COUNTYWIDE OVERSIGHT BOARD OF CONTRA COSTA COUNTY DOES HEREBY RESOLVE AS FOLLOWS:

1. The ROPS 2023-24, 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 23-24 to the CAO, CAC, SCO, and DOF, and post it on the Successor Agency’s website in accordance with State Health and Safety Code Section 34177(1)(2)(C), and to cooperate with DOF to the extent necessary to obtain DOF’s acceptance of ROPS, including, if necessary, making modifications to ROPS determined by Successor Agency to be reasonable and financially feasible to meet legally required financial obligations.

Vote and Attest

PASSED AND ADOPTED this 23rd of January, 2023.

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

Attachments
Resolution 2023/40
Lafayette ROPS Ex. A
Lafayette ROPS Staff Report