RES-OB-0072 Obligation Payment ScheduleRESOLUTION NO. OB-0072
A RESOLUTION OF THE OVERSIGHT BOARD
OF THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY APPROVING A
RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE FISCAL PERIOD FROM
JULY 1, 2017 THROUGH JUNE 30, 2018, PURSUANT
TO HEALTH AND SAFETY CODE SECTION 34177
AND TAKING CERTAIN RELATED ACTIONS.
WHEREAS, pursuant to Health and Safety Code Section 34177(o), the Successor
Agency to the Orange Redevelopment Agency (the Successor Agency) must prepare a
Recognized Obligation Payment Schedule listing the anticipated payments for enforceable
obligations to be made by the Successor Agency during the fiscal period from July 1, 2017
through June 30, 2018 (ROPS 17 -18) and submit ROPS 17 -18 to the oversight board of the
Successor Agency (the Oversight Board) for approval; and
WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2)(C) and Section
34177(o)(1), the Successor Agency must: (i) submit the Oversight Board- approved ROPS 17-
18 to the DOF, the Office of the State Controller, and the County Auditor - Controller no later
than February 1, 2017, and (ii) post a copy of the Oversight Board - approved ROPS 17 -18 on
the Successor Agency's website;
NOW, THEREFORE, the Oversight Board of the Successor Agency to the Orange
Redevelopment Agency does hereby find, determine, resolve, and order as follows:
Section 1.The above recitals are true and correct and are a substantive part of this
Resolution.
Section 2.The Oversight Board hereby approves ROPS 17 -18, substantially in the
form attached hereto as Exhibit A. Staff of the Successor Agency is hereby authorized and
directed to: (i) submit a copy of Oversight Board - approved ROPS 17 -18 to the DOF, the Office
of the State Controller, and the County Auditor - Controller and (ii) post a copy of the Oversight
Board - approved ROPS 17 -18 on the Successor Agency's Internet website (being a page on the
Internet website of the City of Orange).
Section 3. The Staff of the Successor Agency are hereby authorized and directed,
jointly and severally, to do any and all things which they may deem necessary or advisable to
effectuate this Resolution, including but not limited to requesting additional review by the DOF
and an opportunity to meet and confer on any disputed items, and making adjustments to ROPS
17 -18 pursuant to the DOF's instructions, and any such actions previously taken are hereby
ratified and confirmed.
PASSED AND ADOPTED this 18 day of January 2017.
Smith
Chairperson of the Oversight Board to the
Successor Agency of the Orange Redevelopment
Agency
ATTEST:
4
Mary E. 1 shy
Clerk of t e Oversight Board
I hereby certify that the foregoing Resolution was duly and regularly adopted by
Oversight Board of the Successor Agency to the Orange Redevelopment Agency at a regular
meeting thereof held on the 18 day of January 2017, by the following vote:
AYES:BOARD MEMBERS: Buttress, Schulze, Remland, Davert, Christensen, Smith
NOES:BOARD MEMBERS: None
ABSENT: BOARD MEMBERS: None
ABSTAIN: BOARD MEMBERS: None
C Z) CA )
Mary E. rphy
Clerk of the Oversight Board
Resolution No. OB -0072 2
EXHIBIT A
SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
July 1, 2017— June 30, 2018)
Resolution No. OB -0072 3
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