RES-OB-0003 Obligation Payment Schedule 2012RESOLUTION NO.OB -0003
A RESOLUTION OF THE OVERSIGHT BOARD OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY APPROVING AND
ADOPTING A SECOND RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR A
PERIOD COVERING JULY 1, 2012 THROUGH
DECEMBER 31, 2012 AND APPROVAL OF AN
ADMINISTRATIVE BUDGET.
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 amends Sections 33500, 33501, 33607.5
and 33607.7 of the California Health and Safety Code and adds 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, California Health and Safety Code Section 34173(a) designates
successor agencies as successor entities to former redevelopment agencies; and
WHEREAS, on January 24, 2012, by Resolution No. 10626, the City of Orange
declared itself as the successor agency upon the dissolution of the Agency, subject to all
reservations stated in such resolution; and
WHEREAS, California Health and Safety Code Section 34180(g) provides that a
successor agency shall first be approved by the Oversight Board including the establishment
of the Second Recognized Obligation Payment Schedule (the "ROPS2 ") for the period of
July 1, 2012 through December 31, 2012 and a Recognized Obligation Payment Schedule
ROPS) for every six -month period thereafter and
WHEREAS, California Health and Safety Code Section 341770)(1) provides that a
successor agency must prepare an administrative budget concurrently with ROPS2 on or
before May 11, 2012 and a ROPS for every six -month period thereafter; and
WHEREAS, the ROPS2 identifies each enforceable obligation on which payments
will be required during the period of July 1, 2012 through December 31, 2012 and identifies
the minimum payment amounts and due dates of payments required by each such enforceable
obligation.
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 redevelopment agency in
accordance with the California Health and Safety Code; and
WHEREAS, the Oversight Board desires to adopt ROPS2 and the related administrative
budget.
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 attached ROPS2 and related administrative budget are hereby
adopted.
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.
Section 5. The Clerk of the Oversight Board shall certify to the adoption of this
Resolution.
Section 6. This Resolution shall take effect immediately upon its adoption.
ADOPTED this 1 Ith day of April, 2012.
BA
CtlirperIn the Oversight Board to the Successor
Agency thd Orange Redevelopment Agency
ATTEST:
Mary E. Murphy
Clerk of the Oversight Boar
Fa
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 April, 2012, by the following vote:
Ayes: Boardmembers: Remland, Christensen, Davert, Buttress, Cavecche, Schulze
Noes: Boardmembers: Yarbrough
Absent: Boardmembers: None
Abstain: Boardmembers: None
i I —
Mary E. Murphy
Clerk of the Oversight Board
Chairperson Cavecche abstained from items 10 due to her position on the board of the
Orange County Transportation Authority and 29 due to possible violation of the Levine Act
not yet determined).
Boardmember Schulze abstained from items 32, 38, 55, 73, 75, 77, 80, 81, 82, 84, and the
payroll line on the Administrative Budget due to his employment with the City of Orange.