RES-OB-0067 Obligation Payment Schedule 2016-17RESOLUTION NO.OB -0067
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, 2016 THROUGH JUNE 30, 2017, 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, 2016 through June 30, 2017
ROPS 16 -17 ") and submit ROPS 16 -17 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 16 -17
to the DOF, the Office of the State Controller, and the County Auditor - Controller no later than
February 1, 2016, and (ii) post a copy of the Oversight Board - approved ROPS 16 -17 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 16 -17, 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 16 -17 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 16 -17 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
16 -17 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified
and confirmed.
ADOPTED this 27th day of January, 2016.
t-
Te sa E. Smith
Chairperson of the Oversight Board to the Successor
Agency of the Orange Redevelopment Agency
ATTEST:
G n ct"
Mary E. Mu by
Clerk of the Oversight Board
I, MARY E. MURPHY, Clerk of the Oversight Board, City of Orange, California, do
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 27 day January, 2016, by the following vote:
AYES:BOARD MEMBERS:
NOES:BOARD MEMBERS:
ABSENT:BOARD MEMBERS:
ABSTAIN:BOARD MEMBERS:
Mary E. rphy
Clerk of the Oversight Board
Reso. No. OB -0067
EXHIBIT A
SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
July 1, 2016 — June 30, 2017)
Reso. No. OB -0067
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