HomeMy WebLinkAboutSuccessor Reso 03-2013RESOLUTION NO. 3-2013
RESOLUTION OF THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF
THE CITY OF SOUTH SAN FRANCISCO
ADOPTING A DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE (BOPS) AND
ADMINISTRATIVE BUDGET FOR THE PERIOD JULY I - DECEMBER 31, 2013,
PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(1)
WHEREAS, pursuant to Resolution No. 08-201.2, 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.; and
WHEREAS, pursuant to Health and Safety Code Section 34177(1), before each six-month
fiscal period, 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) bond proceeds, (1i)
reserve balances, (ill) the administrative cost allowance, (iv) revenues from rents, concessions,
interest earnings, loan rcpayments, or asset sales, or (v) 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; and
WHEREAS, the draft REPS must be concurrently submitted to the County Administrative
Officer, the County-Auditor-Controller, the State Department of Finance, and the Oversight Board
established to review Successor Agency actions; and
WHEREAS, pursuant to Health and Safety Code Section 341770), the Successor Agency
also must prepare a proposed administrative budget and submit it to the Oversight Board for
approval, including the estimated amounts for Successor Agency administrative costs for the
upcoming six-month fiscal period and proposed sources of payment for those costs; and
WHEREAS, once the ROPE is approved by the Oversight Board, the ROPS must be posted
on the Successor Agency's website and transmitted to the County Auditor-Controller, the State
Controller and the State Department of Finance.
NOW, THEREFORE, the City Council of the City of South San Francisco, acting in its
capacity as the governing board of 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.
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2. The draft Recognized Obligation Payment Schedule (ROPS) attached hereto as Exhibit
A is hereby approved,
3. The Finance Director is authorized to modify the draft ROPS to correct errors, to
update the ROPS if necessary as a result of the subsequent review by the Oversight Board, and
provide clarifications consistent with requirements of the State Department of Finance and the
intent of this Resolution,
4. 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 draft ROPS to the
Oversight Board, the County Auditor-Controller, the County Administrative Officer, the State
Department of Finance, and the State Controller, and the posting of this Resolution and the draft
ROPS on the Successor Agency's websitc.
5. The Finance Director is authorized to incorporate the items on the ROPS into the
2013-14 operating budget once the ROPS is approved.
6. The City Manager and the Finance Director, and their designees, arc 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 kends as
necessary to appropriately document the receipts and expenditures of the Successor Agency.
7. The City Manager and Assistant City Manager are authorized to execute contracts and
agreements for the items listed on the July-December 2013 ROPS, as approved by the Oversight
Board, in up to the amounts specified on the approved ROPS for such items, unless specifically
directed otherwise by the Board.
I hereby certify that the foregoing Resolution was regularly introduced and adopted by the
governing board of the Successor Agency to the Redevelopment Agency of the City of South San
Francisco at a special meeting held on the 13"' day of February, 2013 by the following vote:
AYES: Councilmcinbers Mark Addiego, Richard Garbarino, and Pradco Gupta,
Mayor Pro Tem. Karyl Matsumoto and Mayor Pedro Gon %alez
NOES: None
ABSTAIN:
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