RES-SAORA-003 Obligation Payment ScheduleRESOLUTION NO. SAORA -003
A RESOLUTION OF THE GOVERNING BODY OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY ADOPTING A
PROPOSED RECOGNIZED OBLIGATION
PAYMENT SCHEDULE AS REFERRED TO IN
SECTION 34177(1)(2)(A) OF THE CALIFORNIA
COMMUNITY REDEVELOPMENT LAW.
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 34177(1)(2)(A) provides that
a successor agency must prepare a draft initial Recognized Obligation Payment Schedule (the
IROPS ") for the period of February 1, 2012 through June 30, 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 the draft IROPS
on or before November 1, 201 land 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 January July 1, 2012 through December3l, 2012 and
identifies the minimum payment amounts and due dates of payments required by each such
enforceable obligation.
NOW, THEREFORE, the Governing Board of 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 adoption of this Resolution is not intended to and shall not constitute a
waiver by the Successor Agency of any rights the Successor Agency may have to challenge
the effectiveness and /or legality of all or any portion of AB 26 through administrative or
judicial proceedings.
Section 4. The attached ROPS2 and related administrative budget are hereby adopted.
Section 5. The Successor Agency's designee is hereby authorized to take such actions as
are necessary and appropriate to comply with AB 26.
Section 6. This Resolution shall take effect immediately upon its adoption.
Section 7. The Clerk of the Successor Agency shall certify as to the adoption of this
Resolution.
ADOPTED this 27" day of March, 2012.
ATTEST:
44 ZL"-
Mary E.
Cler of the Successor Agency
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