HomeMy WebLinkAboutOversight Board - 2017-27 RESOLUTION NO. 2017-27
A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF
HUNTINGTON BEACH APPROVING THE AMENDED RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1,
2018 THROUGH JUNE 30,2018 ("ROPS 17-18")
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 fiscal year 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 an Amended ROPS for the fiscal year
commencing on January 1, 2018 and continuing through June 30, 2018 ("ROPS 17-18")which is
attached hereto as Exhibit A; and
Under the Dissolution Act, ROPS 17-18 must be approved by the Successor Agency's
oversight board("Oversight Board"); and
After reviewing ROPS 17-18 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 17-18; and
After reviewing the Amended ROPS 17-18 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 Amended
ROPS 17-18; 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 the Amended ROPS 17-18 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.
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OVERSIGHT BOARD RESOLUTION 2017- 27
EXHIBIT A
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JANUARY 1, 2018 THROUGH JUNE 30, 2018
("ROPS 17-18")
[behind this page]
Amended Recognized Obligation Payment Schedule(ROPS 17-188)-Summary
Fled for the January 1,2018 through June 30,2018 Period
Successor Agency: Huntington Beach
County: Orange
ROPS 17-18B ROPS 17-18B ROPS 17-18B
Current Period Requested Funding for Enforceable Obligations(ROPS Detail) Authorized Amounts Requested Adjustments Amended Total
A Enforceable Obligations Funded as Follows(B+C+D): $ 367,859 $ - $ 367,859
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds 367,859 - 367,859
E Redevelopment Property Tax Trust Fund(RPTTF)(F+G): $ 2,162,187 $ 3,827,273 $ 5,989,460
F RPTTF 2,137,187 3,827,273 5,964,460
G Administrative RPTTF 25,000 25.000
H Current Period Enforceable Obligations(A+E): $ 2,530,046 $ 3,827,273 8 6,357,319
Certification of Oversight Board Chairman:
Pursuant to Section 34177(0)of the Health and Safety
code,I hereby certify that the above is a true and accurate Name Title
Recognized Obligation Payment Schedule for the above
named successor agency. rs/
Signature Date
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OVERSIGHT BOARD RESOLUTION 2017- 27
3. The Oversight Board authorizes and directs the Successor Agency staff to: (i) take
all actions necessary under the Dissolution Act to post :mended ROPS 17-18 on the Successor
Agency website; (ii) transmit Amended ROPS 17-18 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 Oversight Board authorizes and directs the Successor Agency staff
to make such non-substantive revisions to the Amended ROPS 17-18 as may be necessary to
submit Amended ROPS 17-18 in any modified form required by DOF, and Amended ROPS 17-
18 as so modified shall thereupon constitute Amended ROPS 17-18 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/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 Oversight Board, the Successor Agency and the City of Huntington Beach
under law and/or in equity.
PASSED AND ADOPTED by the Oversight Board of the Successor Agency to the
Redevelopment Agency of the City of Huntington Beach at a special meeting thereof held on the
25th day of Serte m ber .2 7.
Chairperson
REVIEWED AND APPROVED:
Ex t Director
APPROVED AS TO FORM:
`,General Legal Counsel
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Oversight Board
Res. No. 2017-27
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF HUNTINGTON BEACH )
I, ROBIN ESTANISLAU, 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 September 25, 2017 and that it was so adopted by the
following vote:
AYES: Board Members: Delgleize, L. Dunn, Fritzal, Hardy
NOES: Board Members: None
ABSENT: Board Members: Bone, A. Dunn, Delgado
ABSTAIN: Board Members: None
Secretary of the Huntington Beach
Oversight Board of the Successor
Agency of the Former City of
Huntington Beach Redevelopment
Agency Huntington Beach, California