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HomeMy WebLinkAboutSuccessor Agency - 2015-01 Successor Agency RESOLUTION NO. 2015- 01 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF HUNTINGTON BEACH APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 1, 2015 —DECEMBER 31, 2015 ("ROPS 15-16A") WHEREAS, pursuant to AB xl 26 (as amended by AB 1484, the "Dissolution Act"), the separate legal entity known as Successor Agency to the Redevelopment Agency of the City of Huntington Beach ("Successor Agency") must prepare "Recognized Obligation Payment Schedules" ("ROPS") that enumerate the enforceable obligations and expenses of the Successor Agency for each successive six-month fiscal period until the wind down and disposition of assets of the former Redevelopment Agency of the City of Huntington Beach; and The Successor Agency staff has prepared a ROPS for the six-month fiscal period commencing on July 1, 2015 and continuing through December 31, 2015 ("ROPS 15-16A") which is attached hereto as Exhibit A; and After reviewing ROPS 15-16A, presented to and recommended for approval by Successor Agency staff, and after reviewing any written and oral comments from the public relating thereto, the Successor Agency Board desires to approve the ROPS 15-16A; and All of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows: 1. The Successor Agency hereby finds and determines that the foregoing recitals are true and correct. 2. The Successor Agency hereby approves ROPS 15-16A in the form presented to the Successor Agency and attached hereto as Exhibit A, and hereby determines that such agreements and obligations constitute "enforceable obligations" and "recognized obligations" for all purposes under the Dissolution Act. 3. The Successor Agency authorizes and directs the Successor Agency staff to: (i) take all actions necessary under the Dissolution Act to post ROPS 15-16A on the Successor Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit ROPS 15-16A to the Auditor-Controller and the County Administrator of the County of Orange and to the State Controller and the State Department of Finance ("DOF"); and (iii) to do any and all things and to execute and deliver any and all documents which may be necessary or advisable in order to effectuate the purposes of this Resolution. In addition, the Successor Agency authorizes and directs the Successor Agency staff to make such non-substantive revisions to ROPS 15-16A as may be necessary to submit ROPS 15-16A in any modified form required by DOF, and ROPS 15-16A as so modified shall thereupon constitute ROPS 15-16A as approved by the Successor Agency pursuant to this Resolution. 15-4582/116985 1 Successor Agency Resolution No. 2015-01 4. The Successor Agency authorizes the Executive Director, or designee, to make such non-substantive changes and amendments to ROPS 15-16A as may be approved by the Executive Director of the Successor Agency and its legal counsel, and ROPS 15-16A as so modified shall thereupon constitute ROPS 15-16A as approved by the Successor Agency pursuant to this Resolution. 5. The Successor Agency does not intend, by adoption of this Resolution, to waive any constitutional, legal and/or equitable rights of the Successor Agency or the City of Huntington Beach under law and/or in equity by virtue of the adoption of this Resolution and actions approved and taken pursuant to this Resolution and, therefore, reserves all such rights of the Successor Agency and the City of Huntington Beach under law and/or in equity. PASSED AND ADOPTED by the Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a regular meeting thereof held on the 17th day of February , 2015. Chairm REVIEWED AND APPROVED: E i t Director ?ency A , ORM: el �.- 2 13-3914/101076 Successor Agency Resolution No. 2015-01 EXHIBIT A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JUNE 1, 2015 THROUGH DECEMBER 31, 2015 ("ROPS 15-16A") [behind this page] ruea Tonne juiy i, zuio inrougn uecemoer si, zuio renoa Name of Successor Agency: Huntington Beach Name of County: Orange Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources(B+C+D): $ 4,70%969 B Bond Proceeds Funding (ROPS Detail) - C Reserve Balance Funding (ROPS Detail) 4,333,969 D Other Funding (ROPS Detail) 376,000, E Enforceable Obligations Funded with RPTTF Funding (F+G): $ 4,480,063 a,. F Non-Administrative Costs(ROPS Detail) 4,230,063 Y G Administrative Costs (ROPS Detail) 250,000•, G; H Current Period Enforceable Obligations (A+E): $ 9;989,03a Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF(E): 4,480,063 J Less Prior Period Adjustment(Report of Prior Period Adjustments Column S) (36,130) IK Adjusted Current Period RPTTF Requested Funding (W) $ 4,"3,883 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding MOM L Enfrceabidfbligations funded uu�th R TTF (E) 4,480,0 63 �. p M Less Pnor Period Adjustment IF (Report'af Pnor Period Adjustments Column AA} b �„ ,,,Adjusted Current.Period RPTTF requested Funding (L-1M 4,480,063.: Certification of Oversight Board Chairman: Pursuant to Section 34177(m)of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Name Tiiie Obligation Payment Schedule for the above named agency. /s/ Signature Date (Report Amounts in Whole Dollars) D E F G H I J K L M Funding Sourc Non-Redevelopment Property Tax Trust Fund Non-RPTTF Contract/Agreement Contract/Agreement Total Outstanding e Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds $ 70,500,536 $ $ 333,969 $ 375,0 tructi 9/14/1998 9/30/2023 PCH Beach Resorts LLC Disposition and Development Merged N Agreement approved on September 14,1998 for the Waterfront Development n or 6/19/2002 8/1/2024 Bank of New York Trust Co. Tax Allocation Bonds Debt Service Merged 13,050,138 N 1,371,069 Payments in or 1/12/1999 81112024 Bank of New York Trust Co. Tax Allocation Bonds Debt Service Merged 6,982,296 N 632,412 Payments 11117/2010 11/1712016 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N Specialist calculation-Federal IRS Compliance 11/17/2010 11/17/2016 Arbitrage Compliance Tax Allocation Bonds arbitrage rebate Merged 500 N S cialist calculation-Federal IRS Compliance in or 6/19/2002 8/1/2024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 1,600 N Fiscal Agent n or 1112/1999 81112024 Bank of New York Mellon Tax Allocation Bonds-Payment to Merged 1,600 N Fiscal Agent 1/3/2001 8/1/2016 Harrell&Company Preparation and filing of Continuing Merged 700 N Advisors,LLC Disclosure Annual Reports and Material Event Notices 113/2001 81112016 Harrell&Company Preparation and filing of Continuing Merged 2,025 N Advisors,LLC Disclosure Annual Reports and Material Event Notices ., y. ft / .. �. „, meCl. X ' 1t .: L ii. 9�i� WOW i, i, '«,K �. ,-„ - -;�. ,.::,n .�.• 7« «�,_ lam' , i c .e '•ri i ..�. oJ" H.,:, ;, rd/ \\' .;✓ in or 7/21/2010 81112019 Bank of New York Mellon Legally binding and enforceable loan Merged 2,518,786 N agreement with the U.S.Department of Housing and Urban Development for capital improvements tructi 6/1/1999 9/30/2033 CIM Group,LLC and Kane Property Tax Sharing Agreement Merged 6,748,671 N 702,904 Ballmer and Berkman under the Disposition and Development Agreement(DDA)for development of hotel,retail,restaurant, and public parking structure.The Implementation of the DDA and the Sixth Implementation Agreement were entered into from June 1999 to November 2008. tructi 1/20/2009 9130/2033 CIM Group,LLC Property Tax Sharing Agreement Merged 414,402 N 49,576 under the Disposition and Development Agreement(DDA) and Sixth Implementation Agreement for the Strand projects parking structure authorized on January 20,2009. tructi 10/16/2006 10116/2026 Makar Properties&Kane Owner Participation Agreement Merged 6,520,000 N Ballmer and Berkman approved on October 16,2006 for future development of a 31-acre site located at Pacific Coast Highway and (Report Amounts in Whole Dollars) D E P G H I J K L M Funding Souro Non-Redevelopment Property Tax Trust Fund Non-RPTTF Contract/Agreement Contract/Agreement Total Outstanding e Execution Date Termination Date Payee Description/Project Scope I Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds 1 116l2t7DEj . , ; � rdab e,. n r+sr►t d _o r. \ .r�i � f'�u to r� ,,ojlYtlrB ,. ��� / a / Pa#t(t tidtt \\\ a..., ate. , ,„ nn� ./R ✓ . .� ��. %, '� \�, �`.•,,, \\, tr h II \ /. � ed out__ /.. ' ...., .,. ....... .,�/�ia�, ,,.,. , qfnr,ln :gym duff / � ;O .. f / ttd H . .. \ �i ,., . \...:.. y� c \ ..provl a,� ./ f„ „ a, ,�,,,.�. ✓ �...,, �, i r 5/10/2011 11/26/2024 Housing Authority Legally enforceable obligation for Merged - N SERAF Loan repayment tructi 5/28/1991 12/31/2017 Abdelmudi Development Owner Participation Agreement/Rent Merged 10,000 N Company Differential Agreement approved on May 28,1991 for the development of the three story building at the Oceanview Promenade.The Third Implementation Amendment took effect on November 21, 1994. ties 6/30/2011 11/26/2026 CalPERS Unfunded CalPERS pension obligation Merged 2,697,641 N as per CalPERS actuarial valuation as of June 30,2012 ties 9/30/2011 11/26/2026 US Bank Unfunded actuarial accrued liability as Merged 607,550 N of September 30,2013 as per actuarial valuation by Bartel Associates,LLC. ties 6/30/2011 11/26/2024 CalPERS/CERBT Unfunded actuarial accrued liability as Merged 75,629 N of June 30,2013 as per Bartel Associates,LLC. ties 9/30/2011 11/26/2024 City employees directly Obligation for unused employee Merged 71,171 N involved in Housing and General Leave earned and vested as Redevelopment projects per MOUs and AB 1X26 and administration tructi 10/2/2000 9/30/2025 Bella Terra Associates LLC Property Tax Sharing Agreement Merged 12,910,919 N 1,578,008 required under the terms of the Owner Participation Agreement(dated 10/2/2000)and Second Implementation Agreement (dated 9/17/2007)for the development of the Huntington Center(Bella Terra). Includes legal requirements to enforce obligation. trued 10/4/2010 7/1/2036 Bella Terra Villas,LLC Agreement approved on October4, Merged 16,961,167 N 2010 for construction of a 467 mixed- use unit project.Construction is complete and financed by property tax allocations.Includes legal requirements to implement obligation. ns 6/17/2002 10/1/2030 JCity of Huntington Beach I Loan repayment for advance made on ISoutheast Coastal N (Report Amounts in Whole Dollars) D E F G H I J K L M Funding Sourc Non-Redevelopment Properly Tax Trust Fund Non-RPTTF Contract/Agreement ContractlAgreement Total Outstanding e Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds 7/8/2012 7/8/2015 Kane Ballmer&Berkman Legal expenses to ensure Successor Merged&Southeast 75,000 N 75,( Agency compliance with AB 1 x 26 and Coastal AB 1484 6/15/2010 6/15/2015 Keyser Marston Economic Analysis consulting services Merged&Southeast 100,000 N 100,( to ensure Successor Agency Coastal compliance with AB 1x 26 and AB 1484 hion r /,', 8l4 t" A' / tN1/ t30 1, r" �n Ind (an th[rl M ,� � .,'e, ,//.,c Nea fas•f .�„ \\ C 5/ Pi r /, \. �h �,.n- b �i/ to 1 i .' i. �,. / /� / a / 1 Itt,, �/„, / ,. � '�n ,. w�rl ., ,,,,, /. \ ., .�.:.,.'sr..:; .,a�\`\\ ,. // o /%/te /i// ✓/, % ;: � Plea" red ..�.; 16 „// \a.,,, �\�. 1/,� � � .. � t ate. Ot \ e / �C708t9: 0,, ith the ./ r�lt. re ,r�///. grgff act,. th i \ aull $trot ...r•:; ,�`,,,., ...:._ �,.. �. ,r � /// �/ice,� ✓i/i, /// /� ,✓.,,, ��/ �\\ „ , vine, •;; t /it Wr % c � �\�, / i \ \ \ 1 f q .I \ \\\ // / 2i;1tI ..' ;0 ;;, r/., SI` rfCtF�IBBtIIK \ r rRIP v // ..>/. ,,,:, D / /_ /n o \. Fr \ „/ a, / ICI ENII�I"�$ tt to \\\\ / \�,<� / i »» y� y r, ,:W ,,,i / / r,, ;z.0/ / %,(// •s �/r / a / @gg \.. / }/ a135�K„ // Prd U�811 ` \ \ //.49 1i�Il ;,'Sttstl�1"4�108(� / % �, 1111001 N11 2/1/2012 11/26/2024 Successor Agency,Kane Successor Agency administrative Merged&Southeast N 200,( Ballmer,Keyser Marston, obligations relating to maintaining Coastal and Macias Gini& payments on enforceable obligations O'Connell LLP at al and other activities as required by AB 1X26 itions 11/1/2010 11/26/2024 S&S Fencing,Al Fence Fencing to secure Successor Agency Merged 3,500 N Co.,American Fence Property (Report Amounts in Whole Dollars) D E F G H I J K L M Funding Sourc Non-Redevelopment Property Tax Trust Fund Non-RPTTF Contract/Agreement Contract/Agreement Total Outstanding e Execution Date Termination Date Payee Description/Project Scope Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds tructi 10/16/2006 11/26/2024 Housing Authority Statutory housing obligation for Pacific Merged N City Project 2/5/2013 2/5/2015 Kane Ballmer&Berkman Payment of litigation costs for property Merged Y tax payments eligible under Health and Safety Code Section 34171(d)(1)(F)as amended by AB 1484 Its 10/8/2012 10/8/2015 Vavrinek,Trine&Day Co Statutorily required review/audit to Merged&Southeast Y LLP wind down the RDA,such as due Coastal diligence reviews m li 12 ' 11 >j =,pfF'tt�thun t 'b a ant uIrect' X ;, 2/1 ft r;. POP JaW flow �, .J i a. "Wh t1 a Ft M, �,,,• ; .y ;,.�� .\ ;>///!ter' ./e,°' ., � y,,.;x ,�'; r �/ �zl,�, ram..; WW \ p. ..' ,i '\ 11-vim'"-�` n l n�':;�� .Hx \••, L C1 � 11 r #d reef „� ii�� \... .,,, :.. .,. ... .,, ..,;, ,�„ Rom.,; �v� �•. r�8;. fir i %/%% a £ ' r 7, f.\. i 1' < ., ,,, y, r�' \", l /. J-3 m i / rtl8rtt 1 r i 4.." r-,M E1 ni nt• l M Un $1• q x / rt ra d /\ 14 lid/b \..• .\\ n or 6119/2002 8/1/2024 Bank of New York Trust Co. Amount needed to fund shortfall in Merged N bond reserve account is 11/4/2013 11/4/2016 Vavrinek,Trine&Day Co Statutorily required annual financial Merged 10,000 N LLP statement audit of Successor Agency. ment 1/26/2014 1/26/2017 AON Environmental Liability Policy for Merged N Edinger Parcel Poll c #PLS 15012298 Gt, .. �/ y iv ;i t ,, _. rZ .,,.?„<< itions 12/1/2009 6/30/2014 TBC Corporation Return of Security Deposit Payment Merged Y upon lease termination 5/10/2010 11/26/2024 Housing Authority Legally enforceable obligation for Merged 2,732,842 N SERAF Loan repayment N N N N N N N N N N N N N N N ty Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other fu )erty tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see httpsj ra .dof.ca, ov/rad- Ti s Sheet. df. B C D E F G H Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS Prior ROPS period balances RPTTF Bonds Issued on and DDR RPTTF distributed as Rent, Non-Admin or before Bonds Issued on balances reserve for future Grants, and ice Information by ROPS Period 12/31/10 1 or after 01/01/11 1 retained period(s) Interest, Etc. 1 Admin 14- 12/31114 ,h Balance(Actual 07101114) 7,065,318 632,542 3,716,795 1 12/31114) to the ROPS 14-15A distribution from the during June 2014 397,150 1,525,922 14-15A Enforceable Obligations(Actual H4 should equal total reported actual t of PPA, Columns L and Q 346,362 315,330 1,525,922 ash Balance (Actual 12/31114) hould only include the amounts distributed as 7,065,31 or Period Adjustment r �� to the self-reported ROPS 14-15A PPA in the required !Cash Balance, �rt" „ 1 +2 a 3=4- 5) ;� - - 28+6,1$0 $ 3,T p C r 9V,615W76,1 82 I/15061301,15) Q r, 'h fx"z ✓` ,h Balance(Actual 01101/15) � 786157,065,318, . 8618 3 $ e ate 06130115) to the ROPS 14-15B distribution from the . during January 2015 30,000 2,624,879 14-15B Enforceable Obligations(Estimate Estimates were obt q ./ (� Confer Determinaff 4,451,791 2,619,047 2,624,879 2014. ROPS 14-15A CAC PPA:To be completed by the CAC Up�submlttat of tl PA)Pursuant to HSC Section 34186(a),SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15A(July through December 2014)period.The amount d4eiic.Note that CAZ`e'vlHt need to enter ftir own torm4iat"trig f (July through December 2015)period will be offset by the SA's self-reported ROPS 14-15A prior period adjustment.HSC Section 34186(a)also specifies that the prior period adjustments self-reported by SAs are subject to a they calculate the Om'Also note that the Admbh amounts too net re w tO O N I J K L M N O P O R 8 T Ig RPTTF Expendituresft RPTIP •.F.rldttarga : Net SA Non•Admin and Admin PPA • % (Amount Used to "- ` % Offset ROP815.18A ' Other Funds NorhJWmin Admin Requested RP1TF) No-Admin CAO •„ A,t Available AvNlebla OlRerence ' RPTrF RPTTF (If total sotual 'r (RODS 14-1SA WRerenc�e (POPS 14-ISA mrwado total X . dihtributed+ell other Net lesser of (If Kla has a1a114 dletributed+ell other Net Lappr of authorized,are flN ta1labrOf flat tANaruf sellable as of Authorized t the dlf a-to avellable as of Authorizedf total dlffarerrce la Net Dliference Audhorlssr7l '•,�°.;, - ;, AuMWiYed f Authmhed Actual Authorisal 0711114) Awllabk Actual zero) Authorised 0711114) Available Aetuel zero) (M+R) SA Commands �••'afelt@ble- A"f 131fterorida AvalloMa 'E 315,330 11 315,330 f.'. 1,808,484'. E 1,908.484 E 1,808,484 S 1,872,284 °:E <,"'::::3ti.180 $ 250,000 f -390,OOD f _250.000 E.;. c. E :38.180: E - $ E s - E.F E 315,330 315,330 1,043,689 1,043,889 S 1A43,888 1,043,689 E S'•, , _ rc, - 018,082 818,882 S :81&882.. 818,882 $ i.+ - S e t '. hndud.RPTTF broadsaMblpoled sa` Paid in the POPS 1L15a period In tM imountalliallo - 1,538 1,53E S A,539, 1,537 S '.2 E i2 IndW.RPTTFbr-rownolposdsbe paid In the ROPS 1&15B period In the 700 700 f 700 200 E 500 f 500 ' .. - 2,025 2,025 Sy ;;2.025 1,550 E 475. t 4TS E $ S�•; :" 9 Paid and approved from roormes aff' - l 9,'I authorized during the ROPE 13-14B Period and noted In the ROPE 13-14B ••. - PPA submitted with the ROPE I4-158 - - - E E E Paid and approved from reserves authorized during the ROPE 13-14B 13 period and noted In the ROPE 13-14B PPAaubmlttedwiththe POPS 14-158 20000 20000 E 20000'. 20000 20 ,• It /0 L y. - E $ ErMOP P` a 10.000 10,000 E 10,000 4,692 S 5.908 _t 5,308'. 116,063 116,083 E"... 110,083 116,083 $ - 28,852 28,852 28,852 28,852 - sW, - 'ft �„ /.�*•:h: S, s f 0,222 6,222 S 8,222; 8,222 S - - : „"'�•"c '" 13,541 13,541 3 13,S41 8,20:1 S 4,338. $ 4,33! •" = ROPS 14-t5A CAC PPA,.Tb be o0mp18tad by the CAC upon submittal of f PA)Purouent to HSC Secton 34188(a),SAs are requlrod to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15A(July through December 2014)period.The anqunt the IiA&'Aofa that CACf)will heed(6 enter ttlelt own tomtultia at the.line,b Puffy through December 2015)period will be offset by the SA's self-reported ROPS 14-1SA prior period adjustment.HSC Section 34185(a)also specifies that the prior period adjustments self-reported by SAs are subject to aux they calcu18M9,the PPA,"A w tote Bret thadmin amounts do riot need to I wftmd as a iumo sum. O H I J K L M N O P O R 8 T tl Y- W �,7C at RPTTF Expenditures ,: 'RPTIF ExPflntilturns '.: Net 8A No Admin , and AdMn PPA '�•. (Amount Used to Ofhst BOPS 111148A Other Funds NorMdmin Add. Requested RPTTF) 'M..Mndn CAC, -i -, Atbt Available Avalable total -10 RPTTF RPTTF (ittetel cel CROPS WISA Difference (ROP814-ISA aaceede total " ' distributed•all other Net Lester of (If K Is lees sum L, distributed•all other Net Lerner of Mdhorlevd,the No 1.866 bl'. Nef I.tlgplfl's!,.� aval i, ve of Authorized/ the dlff fence is evallable se of Authorized l Mal difference is Net Dlffarence A4lhorisad i" of - Y; AWMrlsod/'.. Aulhodaed Actual Authorized 07/1/14) A-liable Actual mro) Authorised 0711114) Available Actual ea.) (WR) 8A Comments A+dteb1►,,. A Actmi DMetant6' Avdidrl0 ''+ f '3 s,3,0 "f 316,330 f 1904,484 It 1,90e,484 f "'1,908,464 Sh 1,872,284 S 38,180 f �.900 f 200,000 ?Stif., .. $` 250.ODO $ = f" 3e,180 S - - f f „% • o Mil oft, f " y ,'', P; � '• ,.�s�,;: fir' t% $ vn, $ S f f ag f ; ?'% S t;, $ f s z S :, t 250,000 250,000 S .r �'. y> ,; �.•• 3,500 3,500 S MOD 1.943 S 1,557. i 4,000 4,000 $ 4,0D0 S 40D0. S ,: 4,000 Al'Ace f H. ,. (July through Demmber2DI5)period will be offset by the SA's self-reported ROPS 14-15A prior perlodl adjustment.HSC Section 34186(a)also specifles,that the prior period adjustmenteself-reported by SAS are SUbjOrttO8U;- Not s©esasaasasae IMEMOMEM MMUMMEM MMOMMEM _�-_- Successor Agency Res. No. 201 5-01 t STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH ) I, JOAN L. FLYNN the Clerk of the Successor Agency to the former City of Huntington Beach Redevelopment Agency, Huntington Beach, California, DO HEREBY CERTIFY that the foregoing resolution was duly adopted by The Successor Agency to the Redevelopment Agency of the City of Huntington Beach at a special meeting held on February 17, 2015 and that is was so adopted by the following vote: AYES: Posey, O'Connell, Katapodis, Hardy, Sullivan, Delgleize, Peterson NOES: None ABSENT: None ABSTAIN: None Clerk The Successor ency to the Redevelopment Agency of the City of Huntington Beach, California