HomeMy WebLinkAboutOversight Board - 2016-01 RESOLUTION NO 2016- 01
A RESOLUTION OF THE OVERSIGHT BOARD 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, 2016 THROUGH
JUNE 30, 2017 ("ROPS 16-17")
WHEREAS, pursuant to AB x1 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, 2016 and continuing through June 30, 2017 ("ROPS 16-17") which is
attached hereto as Exhibit A; and
Under the Dissolution Act, ROPS 16-17 must be approved by the Successor Agency's
oversight board ("Oversight Board"); and
After reviewing, ROPS 16-17 presented to and recommended for approval to the
Oversight Board by Successor Agency staff, and after reviewing any written and oral comments
from the public relating thereto, the Oversight Board desires to approve the ROPS 16-17, and
All of the prerequisites with respect to the approval of this Resolution have been met
NOW, THEREFORE, the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach does hereby resolve as follows
1 The Oversight Board hereby finds and determines that the foregoing recitals are
true and correct
2 The Oversight Board hereby approves ROPS 16-17 in the form presented to the
Oversight Board 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 Oversight Board authorizes and directs the Successor Agency staff to (i) take
all actions necessary under the Dissolution Act to post 16-17 on the Successor Agency website;
(ii) transmit ROPS 16-17 to the Auditor-Controller and the County Administrator of the County
of Otange and to the State Controller and the State Department of Finance ("DOF"); and (iri) 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 Oversight
Board authorizes and directs the Successor Agency staff to make such non-substantive revisions
1
16-5060/130371
Oversight Board Reso . 2016-01
to RODS 16-17 as may be necessary to submit ROTS 16-17 in any modified form iequired by
DOF, and ROPS 16-17 as so modified shall thereupon constitute RODS 16-17 as approved by the
Oversight Board pursuant to this Resolution
4 The Oversight Board does not intend, by adoption of this Resolution, to waive
any constitutional, legal and/or equitable rights of the Oversight Board, the Successor Agency or
the City of Huntington Beach under law and/oi in equity by virtue of the adoption of this
Resolution and actions approved and taken pursuant to this Resolution and, theiefoce, ieseives
all such tights of the Oveisight Board, the Successor Agency and the City of Huntington Beach
under law and/oi in equity
PASSED AND ADOPTED by the Oveisight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the
27th day of January ;CI
6. i itisx
REVIEWED ND APPROVED
E, u ive iiectoi
APPROVED AS TO FORM
Gen al Legal Counsel 9kz
2
13-3914/101076
Oversight Board Reso . 2016-01
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY I, 2016 THROUGH JUNE 30, 2017
("ROPS 16-17")
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Oversight Board
Res. No. 2016-01
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF HUNTINGTON BEACH )
I, JOAN FLYNN, Secretary of the Huntington Beach Oversight Board of
the Successor Agency of the Former City of Huntington Beach Redevelopment Agency,
Huntington Beach, California DO HEREBY CERTIFY that the foregoing resolution was
duly adopted by the Huntington Beach Oversight Board of the Successor Agency of the
Former City of Huntington Beach Huntington Beach Redevelopment Agency at a
meeting held on January 27, 2016 and that it was so adopted by the following vote
AYES: Board Members: *Bone, Fntzal, Hardy, Katapodis
NOES: Board Members: None
ABSENT: Board Members: Delgado, A Dunn, L Dunn
ABSTAIN: Board Members: None
*Bone requested that the record show he recused himself from
voting on line item nos 2, 13, 75, 76, 77, and 78 of Exhibit A
due to a financial conflict of interest
quedw. 4^--,
Secretary of the Huntington Beach
Oversight Board of the Successor
Agency of the Former City of
Huntington Beach Redevelopment
Agency Huntington Beach, California