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RES-SAORA-019 Obligation Payment Schedule 2015RESOLUTION NO. SAORA - 019 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE ORANGE REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND RELATED ADMINISTRATIVE BUDGET FOR THE PERIOD COVERING JULY 1, 2015 THROUGH DECEMBER 31, 2015 PURSUANT TO SECTION 34177(1)(2)(A) OF THE CALIFORNIA COMMUNITY REDEVELOPMENT LAW. WHEREAS, Assembly Bill xl 26 ( "AB 26 ") and AB x1 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 ROPS identifies each enforceable obligation on which payments will be required and identifies the minimum payment amounts and due dates of payments required by each such enforceable obligation; 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 NOW, THEREFORE, the Governing Board of the Successor Agency to the Orange Redevelopment Agency (the "Successor Agency ") hereby resolves, finds and determines, on the basis of the facts set forth in the agenda report presented to it and any testimony received at the meeting at which this matter was considered, as follows: Section 1. The Successor Agency 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 Successor Agency hereby approves the ROPS 15 -16A attached to this Resolution as Attachment No. 1 and directs the staff to transmit the ROPS 15 -16A to the Oversight Board of the Successor Agency to the Redevelopment Agency for review and consideration. Section 4. 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 5. The Clerk of the Successor Agency shall certify to the adoption of this Resolution. Section 6. This Resolution shall take effect immediately upon its adoption. ADOPTED this l O day of February, 2015. ih- .1.•t.J eresa . Smith, Chairperson AT TEST: Mary E u , Agency Clerk 2 I hereby certify that the foregoing Resolution was duly and regularly adopted by the Successor Agency at a regular meeting thereof held on the 10 day of February, 2015, by the following vote: AYES: BOARD MEMBERS: Alvarez, Whitaker, Smith, Murphy, Nichols NOES: BOARD MEMBERS: None ABSENT: BOARD MEMBERS: None ABSTAIN: BOARD MEMBERS: None Mary E. , Agency C er Abstentions: Director Alvarez Line Item No. 15 -16 (Royer & South Grand Apts) due to property ownership in area. 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. 91, 93, and 95 (Project Management) due to property ownership in area. Identified in prior ROPS 13 -14A as Line Item 18. Line Item No. 100 -102 (Property Maintenance) due to property ownership in area. Identified in prior ROPS 13 -14A as Line Item 18. Line Item No. 106 (Property Management) due to property ownership in area. Identified in prior ROPS 13 -14A as Line Item 30. Line Item No. 110, 112 -113 (Property Maintenance) due to property ownership in area. Identified in prior ROPS 13 -14A as Line Item 18. Line Item No. 124 -127 (Property Maintenance) due to property ownership in area. Identified in prior ROPS 13 -14A as Line Item 18. Director Whitaker Line Item No. 7 (SC Fuels) due to SC Fuels as law firm client. Line Item No. 27 -28 (Metrolink Parking Structure) due to Metrolink as law firm client. Line Item No. 73 (Tierra West) due to Metrolink as law firm client. Line Item No. 106 (Property Management) due to Metrolink as law firm client. Identified in prior ROPS 13 -14A as Line Item 18. Line Item No. 124 -127 (Property Maintenance) due to Metrolink as law firm client. Identified in prior ROPS 12 -14A as Line Item 18. 3