HomeMy WebLinkAboutSuccessor Agency - 2021-04 RESOLUTION NO. 2021-04
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVL'-LOPNIENT AGENCY 01" THE CITY OF HUNTINGTON BEACH
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2022 — JUNE 30, 2023 ("ROPS 22-23")
WHEREAS, pursuant to AB x l 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
Huntinmon Beach ("Successor Agency") must prepare "Recognized Obligation Payment
Schedules" ("ROPS") that enumerate the enforceable obligations and expenses of the Successor
Agency for each successive annual fiscal period until the Nvind 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 annual fiscal period
commencing on July 1. 2022 and continuing through June 30, 2023 ("ROPS 22-23") which is
attached hereto as Exhibit A; and
After reviewing RODS 22-23, presented to and recommended for approval by Successor
Agency staf'f', and after reviewing any written and oral comments from the public relating
thereto. the Successor Agency Board desires to approve the ROPS 22-23; and
All of the prerequisites Nvith respect to the approval of this Resolution have been met.
NOW. THE3REFORE, the Successor Agency to the Redevelopment Agency of the City of
Huntington Beach does hereby resolve as l'ollows:
1. The Successor Agency hereby finds and determines that the foregoing recitals are
true and correct.
2. The Successor Agency hereby approves RODS 22-23 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 RODS 22-23 on the Successor
Agency website once approved by the Oversight Board to the Successor Agency; (ii) transmit
RODS 22-23 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
BOPS 22-23 as may be necessary to submit RODS 22-23 in any modified form required by DOF.
and BOPS 22-23 as so modified shall thereupon constitute ROPS 22-23 as approved by the
Successor Agency pursuant to this Resolution.
21-10769/272833 1
RESOLUTION NO. 2021-04
4. The Successor Agency authorizes the Executive Director, or designee, to make
such non-substantive changes and amendments to ROPS 22-23 as may be approved by the
Executive Director of the Successor Agency and its legal counsel, ROPS 22-23 as so modified
shall thereupon constitute ROPS 22-23 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 _ 21st day of
December 2021.
It W
UAWO -_"
Chairperson
ED AND APPROVED:
xecutive Director
APPROVED AS RM:
e eg Counsel
21-10769/272833 2
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
FOR THE PERIOD JULY 1, 2022 T HROUGH JUNE 30, 2023
("ROPS 22-23")
[behind this page]
Resolution No. 2021-04
Exibit "A"
Recognized Obligation Payment Schedule (ROPS 22-23) - Summary
Filed for the July 1, 2022 through June 30, 2023 Period
Successor Agency: Huntington Beach
County: Orange
Current Period Requested Funding for Enforceable 22-23A Total 22-23B Total ROPS 22-23
Obligations (ROPS Detail) (July - (January - Total
December) June)
A Enforceable Obligations Funded as Follows (B+C+D) $ 338,230 $ 1,355,435 $ 1,693,665
B Bond Proceeds - - -
C Reserve Balance 316,406 1,355,435 1,671,841
D Other Funds 21,824 - 21,824
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 2,240,805 $ 2,789,861 $ 5,030,666
F RPTTF 2,115,805 2,664,861 4,780,666
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 2,579,035 $ 4,145,296 $ 6,724,331
Certification of Oversight Board Chairman: Barbara Delgleize Mayor
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. Is/ iZ/Zi/2J
Signature Date
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Successor Agency
Res. No. 2021-04
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, J ROBIN ESTANISLAU 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 December 21, 2021 and that is was so
adopted by the following vote:
AYES: Peterson, Bolton, Posey, Delgleize, Carr, Moser, Kalmick
NOES: None
ABSENT: None
ABSTAIN: None
Clerk of The Successor Agency to
the Redevelopment Agency of the
City of Huntington Beach, California