RES-OB-0063 Obligation Payment Schedule 2015RESOLUTION NO. OB -0063
A RESOLUTION OF THE OVERSIGHT BOARD OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY APPROVING AND
ADOPTING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE AND RELATED
ADMINISTRATIVE BUDGET FOR A PERIOD
COVERING JULY 1, 2015 THROUGH DECEMBER
31, 2015.
WHEREAS, Assembly Bill xl 26 ( "AB 26 ") and AB xl 27 were passed by the State
Legislature on June 15, 2011 and signed by the Governor on June 28, 2011; and
WHEREAS, among other things, AB 26 amended Sections 33500, 33501, 33607.5
and 33607.7 of the California Health and Safety Code and added Part 1.8 and Part 1.85 of
Division 24 to the California Health and Safety Code; and
WHEREAS, by enactment of Part 1.85 of Division 24 of the California Health and
Safety Code, subject to all reservations herein stated, the Orange Redevelopment Agency (the
Agency ") was dissolved as of February 1, 2012; and
WHEREAS, Assembly Bill 1484 ( "AB 1484 ") was passed by the State Legislature
on June 27, 2012 and signed by the Governor on June 27, 2012 which adds and amends
certain provisions contained in AB 26, including the process for adopting Recognized
Obligation Payment Schedules; and
WHEREAS, California Health and Safety Code Section 34173(a) designates
successor agencies as successor entities to former redevelopment agencies; and
WHEREAS, on January 10, 2012, by Resolution No. 10625, the City of Orange
declared itself as the successor agency (the "Successor Agency ") upon the dissolution of the
Agency, subject to all reservations stated in such resolution; and
WHEREAS, the Oversight Board of the Successor Agency to the Orange
Redevelopment Agency (the "Oversight Board ") has been established to direct the Successor
Agency to take certain actions to wind down the affairs of the Agency in accordance with the
California Health and Safety Code; and
WHEREAS, California Health and Safety Code Section 34177(1) provides that a
successor agency must prepare a Recognized Obligation Payment Schedule (ROPS) for every
six -month period thereafter; and
WHEREAS, California Health and Safety Code Section 341770) provides that a
successor agency must prepare an administrative budget concurrently with a ROPS for every
six -month period thereafter; and
WHEREAS, on February 10, 2015, pursuant to California Health and Safety Code
Section 34177(1) and (m), the Successor Agency has prepared, approved and submitted to the
Oversight Board for approval its ROPS for the period covering July 1, 2015 through
December 31, 2015 ( "ROPS 15 -16A ") and the related administrative budget included on the
ROPS 14 -15B as Line Item 70 and incorporated herein by this reference; and,
WHEREAS, the Executive Director or his designee may augment, modify, add or
revise the format of ROPS 15 -16A into a format acceptable to the State Department of
Finance as the Executive Director or his designee may deem appropriate to comply with
requirements of AB 26 and AB 1484; and
WHEREAS, by this Resolution, pursuant to Sections 34177(1)(2)(B) and 34180(g) of
AB 26 and AB 1484, the Oversight Board has received the ROPS 15 -16A and related
administrative budget from the Successor Agency.
NOW, THEREFORE, the Oversight Board of the Successor Agency to the
Orange Redevelopment Agency does hereby resolve as follows:
Section 1. The Oversight Board hereby finds and determines that the foregoing
recitals are true and correct.
Section 2. All legal prerequisites to the adoption of this Resolution have
occurred.
Section 3. The Oversight Board hereby approves the ROPS 15 -16A substantially
in the form attached to this Resolution as Attachment No. 1 and authorizes the Executive
Director or his designee to make such augmentation, modifications, additions or revisions as
the Executive Director or his designee may deem appropriate to comply with requirements of
AB 26 and AB 1484.
Section 4. The Oversight Board hereby approves the Administrative Budget
included as Line Item 70 on ROPS 15 -16A.
Section 5. The attached ROPS 15 -16A and related Administrative Budget are
hereby adopted.
Section 6. The Executive Director of the Successor Agency or his designee is
hereby authorized to take such actions as are necessary and appropriate to comply with AB
26 and AB 1484.
Section 7. The Clerk of the Oversight Board shall certify to the adoption of this
Resolution.
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Section 8. This Resolution shall take effect immediately upon its adoption.
ADOPTED this l lth day of February 2015.
arolyn V C ecche l k
airper n f the Oversight Board to the Successor
Agency e Orange Redevelopment Agency
ATTEST:
iLr?Ar &A &f VF
Mary E. Mu by
Clerk of the Oversight Board
I hereby certify that the foregoing Resolution was duly and regularly adopted by the
Oversight Board of the Successor Agency to the Orange Redevelopment Agency at a regular
meeting thereof held on the 11 day of February 2015, by the following vote:
AYES: BOARDMEMBERS: Remland, Christensen, Davert, Buttress, Cavecche, Schulze
NOES: BOARDMEMBERS: None
ABSENT: BOARDMEMBERS: None
ABSTAIN: BOARDMEMBERS: None
Mary E. Tourphy
Clerk of the Oversight Board
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