RES-SAORA-009 Obligation Payment Schedule 2014RESOLUTION NO. SAORA- 009
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 JANUARY 1, 2014 THROUGH JUNE 30,
2014 PURSUANT TO 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 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 wi11 be
required and identifies the minimum payment amounts and due dates of p yments required by
each such enforceable obligation; and
WHEREAS, California Health and Safety Code Section 34177(1) provides tha_t 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 34177(j) 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 l. 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 13-14B attached to
this Resolution as Attachment No. 1 and directs the staff to transmit the ROPS 13-14B 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 24`" day of September, 2013.
Teresa . Smith, Chairperson
ATTE T:
j,
C/% -
1VIa y hy, Agenc
2
I hereby certify that the foregoing Resolution was duly and regularly adopted
by the Board of Directors of the Successor Agency to the Orange Redevelopment
Agency at a regular meeting thereof held on the 24th day of September, 2013, by the
following vote:
AYES: DIRECTORS: Alvarez, Whitaker, Smith, Murphy
NOES: DIRECTORS: None
ABSENT: DIRECTORS: Bilodeau
ABSTAIN: DIRECTORS: None
Mary E. u , Agen
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