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RES-SAORA-022 Obligation Payment Schedule 2016-17RESOLUTION NO. SAORA -022 A RESOLUTION OF THE GOVERNING 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)(B), at the same time that the Successor Agency submits ROPS 16 -17 to the Oversight Board for approval, the Successor Agency must submit a copy of such ROPS 16 -17 to the State Department of Finance the "DOF "), the County administrative officer, and the County Auditor - Controller; 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 Governing 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. ROPS 16 -17, substantially in the form attached hereto as Exhibit A , is hereby approved. The Executive Director of the Successor Agency, in consultation with the Successor Agency's legal counsel, may modify ROPS 16 -17 as the Executive Director or the Successor Agency's legal counsel deems necessary or advisable. Section 3. Staff is hereby authorized and directed to submit a copy of ROPS 16 -17 to the Oversight Board for approval and, at the same time, transmit a copy of ROPS 16 -17 to the DOF, the County Auditor - Controller and the County administrative officer as designated by the County. Section 4. Staff is hereby authorized and directed to submit a copy of Oversight Board - approved ROPS 16 -17 to the DOF, the Office of the State Controller, and the County RESO. NO. SAORA -022 Auditor - Controller. If the Oversight Board has not approved ROPS 16 -17 by February 1, 2016, Staff is hereby authorized and directed to transmit ROPS 16 -17 to the DOF, the Office of the State Controller, and the County Auditor - Controller by February 1, 2016, with a written notification regarding the status of the Oversight Board's review. Written notice and information regarding the action of the Oversight Board shall be provided to the DOF by electronic means and in a manner of DOF's choosing. Section 5. Staff is hereby authorized and directed to 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 6. The officers and the other Staff members 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 12th day of January, 2016. ATTEST: Mary E. Clerk or the Successor Agency Teresa t. Smith Chairperson of the Successor Agency RESO. NO. SAORA -022 2 I, MARY E. MURPHY, Clerk of the Successor Agency, City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by Governing Board of the Successor Agency to the Orange Redevelopment Agency at a regular meeting thereof held on the 12th day of January, 2016, by the following vote: AYES:BOARD MEMBERS:Alvarez, Whitaker, Smith, Murphy NOES:BOARD MEMBERS:None ABSENT:BOARD MEMBERS:Nichols ABSTAIN:BOARD MEMBERS:None Mary E. Clerk of the Successor Agency Abstentions Councilman Alvarez Line Item No. 27 -28 (Metrolink Parking Structure) due to property ownership in area. Line Item No. 73 (Tierra West) due to property ownership in area. Line Item No. 106 (Property Management) due to property ownership in area. Identified in prior ROPS 13 -14A as Line Item 30. RESO. NO. SAORA -022