RES-OB-0004 Obligation Payment Schedule 2012RESOLUTION NO.OB -0004
A RESOLUTION OF THE OVERSIGHT BOARD OF
THE SUCCESSOR AGENCY TO THE ORANGE
REDEVELOPMENT AGENCY APPROVING AND
ADOPTING A FIRST AMENDMENT TO THE
RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR A PERIOD COVERING JANUARY
1 2012 THROUGH JUNE 30 2012 AND AMENDING
THE ADMINSTRATIVE BUDGET.
WHEREAS, Assembly Bill x1 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, 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, 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 ") 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 and
a ROPS for every six -month period thereafter; 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.
WHEREAS, on March 21, 2012, the Oversight Board approved an initial Recognized
Obligation Payment Schedule and administrative budget, and reserved the right to amend it from
time to time, as necessary; and
WHEREAS, the Oversight Board desires to make certain amendments to the IROPS and
related administrative budget by adopting a First Amendment.
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 First Amendment to the IROPS 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 11 day of April, 2012.
of Qhp Oversight Board to the Successor
e Orange Redevelopment Agency
ATTEST:
Mary E. Murphy
Clerk of the Oversight Board
2
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, Yarbrough
Noes: Boardmembers: None
Absent: Boardmembers: None
Abstain: Boardmembers: None .
l% .
Mary E. Murphy
Clerk of the Oversight Board
Chairperson Cavecche abstained from line item 10 due to her position on the board of Orange
County Transportation Authority and line items 28, 96, and 97 due to possible violation of the
Levine Act (not yet determined).
Boardmember Schulze abstained from line items 35, 45, 60, 71, 90, 98, 100, 110, 111, 113, 114
and the payroll line on the Administrative Budget due to his employment with the City of
Orange.