HomeMy WebLinkAboutSuccessor Reso 02-2012 RESOLUTION NO. 02-2012
SUCCESSOR AGENCY, CITY OF SOUTH SAN FRANCISCO, STATE OF CALIFORNIA
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
SOUTH SAN FRANCISCO, ACTING IN ITS CAPACITY AS
SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY
OF THE CITY OF SOUTH SAN FRANCISCO
ADOPTING AN AMENDED DRAFT RECOGNIZED
OBLIGATION PAYMENT SCHEDULE (ROPS) PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34177(1)
WHEREAS, pursuant to Resolution No. 08 -2012, adopted January 25, 2012, the City of
South San Francisco ( "City ") affirmed its agreement to serve as the Successor Agency to the
Redevelopment Agency of the City of South San Francisco (the "Redevelopment Agency ")
pursuant to Health and Safety Code Section 34173 et seq.;
WHEREAS, pursuant to Health and Safety Code Section 34177(1), the Successor Agency to
a dissolved Redevelopment Agency is required to adopt a draft Recognized Obligation Payment
Schedule ( "ROPS ") that lists all of the obligations that are "enforceable obligations" within the
meaning of Health and Safety Code Section 34177, and which identifies a source of payment for
each such obligation from among (i) the Low and Moderate Income Housing Fund, (ii) bond
proceeds, (iii) reserve balances, (iv) the administrative cost allowance, (v) revenues from rents,
concessions, interest earnings, and asset sales, and (vi) the Redevelopment Property Tax Trust
Fund established by the County Auditor - Controller to the extent no other source of funding is
available or payment from property tax is contractually or statutorily required;
WHEREAS, the draft ROPS must be (i) prepared by the Successor Agency by March 1,
2012, (ii) certified by an external auditor, (iii) submitted to and approved by the Oversight Board
that will be established to review Successor Agency actions, (iv) posted on the Successor Agency's
website, (v) transmitted to the County Auditor - Controller, and (vi) transmitted to the State
Controller and the State Department of Finance by April 15;
WHEREAS, the City Council approved a draft ROPS on February 22, 2012 by Resolution
No. 01 -2012;
WHEREAS, the City Council desires to amend the draft ROPS to correct certain errors and
omission;
NOW, THEREFORE, the City Council of the City of South San Francisco, acting in its
capacity as the Successor Agency to the Redevelopment Agency of the City of South San
Francisco, does hereby resolve as follows:
1. The Recitals set forth above are true and correct, and are incorporated herein by
reference.
2. The amended draft Recognized Obligation Payment Schedule (ROPS) attached hereto as
Exhibit A is hereby approved.
3. The City Manager or designee is authorized and directed to take all actions necessary to
implement this Resolution, including without limitation, the submittal of the amended draft ROPS
to the County Auditor - Controller, the Oversight Board, the State Department of Finance and the
State Controller, and the posting of this Resolution and the amended draft ROPS on the City's
website.
4. An amendment of the 2011 -12 operating budget for the City of South San Francisco
is approved to include within the budget for the City acting in its capacity as Successor Agency
to the Redevelopment Agency, budgeted appropriations for the items on the ROPS schedule for
2011 -12.
5. The City Manager and the Finance Director, and their designees, are authorized and
directed to take such actions as necessary and appropriate to carry out and implement the intent of
this Resolution, including without limitation, the establishment of separate accounts and funds as
necessary to appropriately document the receipts and expenditures of the City acting in its capacity
as Successor Agency to the Redevelopment Agency.
* * * *
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
City Council of the City of South San Francisco at a regular meeting held on the 28 day of March,
2012 by the following vote:
AYES: Councilmembers Mark Addiego, Karyl Matsumoto, and Kevin Mullin,
Vice Mayor Pedro Gonzalez and Mayor Richard A. Garbarino
NOES: None
ABSTAIN: None
ABSENT: None
ATTEST: -tom
Deputy City Clerk