HomeMy WebLinkAboutSuccessor Reso 14-2013RESOLUTION NO. 14-2013
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 JANUARY THROUGH JUNE 2014,
PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177(1)
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, (ii)
reserve balances, (iii) the administrative cost allowance, (1v) revenues from rents, concessions,
interest earnings, loan repayments, 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 BOPS 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 BOPS is approved by the Oversight Board, the RODS 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 Successor Agency to the Redevelopment Agency of the City
of South San Francisco, does hereby resolve as follows:.
The Recitals set forth above are true and correct, and are incorporated herein by
reference.
2. The draft Recognized Obligation Payment Schedule (ROPS) attached hereto as Exhibit
A is hereby approved.
3. The City Finance Director is authorized to modify the draft BOPS to correct errors, to
update the BOPS if necessary as a result of the subsequent review by the Oversight Board, and
provide clarifications consistent with requirements of the State Dcpartinent of Finance and the
intent of this Resolution.
4. The Executive Director of the Successor Agency 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 ROPE on the Successor Agency's website.
5. The Finance Director is authorized to incorporate the items on the ROPE into the
2013-14 operating budget once the ROPE is approved.
6. The Executive Director 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 establislu-nent of separate accounts and funds
as necessary to appropriately document the receipts and expenditures of the Successor Agency.
7. The Executive Director of the Successor Agency and Assistant City Mai-lager are
authorized to execute contracts and agreements for the items listed on the January
through June 2014 ROPE, as approved by the Oversight Board, in up to the amounts
specified on the approved RODS for such items, unless specifically directed otherwise by
the Board.
I hereby certify that the foregoing Resolution was regularly introduced and adopted
by the Successor Agency of the City of South San Francisco Redevelopment Agency at a
meeting held on the I It" day of September, 2013 by the following vote:
AYES: Boardmembers Mark N. Addiego, Richard A. Garbarino, and
Pradepp Gupta, Vice Chairwoman Daryl Matsumoto and
Chairman Pedro Gonzalez.
NOES: N
ABSTAIN: None.
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ATTEST: O_Ll� Z____
2
Deputy City Clerk