RES-SAORA-002 Obligation Payment ScheduleRESOLUTION NO. SAORA -002
A RESOLUTION OF THE GOVERNING BODY OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY ADOPTING A
PROPOSED INITIAL RECOGNIZED OBLIGATION
PAYMENT SCHEDULE AS REFERRED TO IN
SECTION 34177(1)(2)(A) OF THE CALIFORNIA
COMMUNITY REDEVELOPMENT LAW.
WHEREAS, Assembly Bill x1 26 ( "AB 26 ") and AB x 1 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
ROPS ") on or before November 1, 2011; and
WHEREAS, California Health and Safety Code Section 341770)(1) provides that a
successor agency must prepare an administrative budget concurrently with the draft initial ROPS
on or before November 1, 2011; and
WHEREAS, the California Supreme Court in California Redevelopment Association v.
Matosantos, Case No. S194861 upheld the constitutionality of AB 26 and established March 1,
2012 as the date by which the draft initial ROPS must be prepared; and
WHEREAS, the ROPS identifies each enforceable obligation on which payments will be
required during the period of January 1, 2012 through June 30, 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 ROPS 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 28 day of February, 2012.
On b
ATTEST:
M &
Mary E. M ,
Clerk orthe Successor Agency
1
Ca ecche
oft e Successor Agency
2