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HomeMy WebLinkAboutSA Reso 2019-02 RESOLUTION NO. SA 2019-02 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY IN ITS CAPACITY AS THE GOVERNING BODY OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF CATHEDRAL CITY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE (INCLUDING ADMINISTRATIVE BUDGET) FOR THE PERIOD COMMENCING JULY 1, 2020 THROUGH JUNE 30, 2021, AS REQUIRED BY HEALTH & SAFETY CODE SECTION 34177 WHEREAS, in accordance with the provisions of the California Community Redevelopment Law (Health and Safety Code Section 33000, et seq. ("CRL"), the City Council of the City of Cathedral City previously established the Redevelopment Agency of the City of Cathedral City, a public body, corporate and politic ("Agency") to carry out the purposes of and exercise the powers granted to community redevelopment agencies in accordance with the CRL; and WHEREAS, on February 1, 2012, the Agency was dissolved in accordance with Assembly Bill 1X26 (Stats. 2011, 1st Ex. Sess., Ch. 5) ("AB 26"), and its rights, powers, duties and obligations were transferred to a "successor agency" (as defined by CRL Section 34171(j) and Section 34173); and WHEREAS, in accordance with AB 26, the City Council took official action electing to become both the Agency's successor agency ("Successor Agency") and its successor for housing functions in accordance with CRL Sections 34173 and 34176; and WHEREAS, in pursuant to Section 34177(1) the Successor Agency is required to prepare "Recognized Obligation Payment Schedules" (each such Schedule, a "ROPS") that must be submitted to the County Auditor-Controller and the State Department of Finance; and WHEREAS, in accordance with CRL Section 34177(o)(1), each ROPS must identify, on a prospective annual basis, the funds required by the Successor Agency to satisfy the Agency's enforceable obligations and to pay administrative expenses; and WHEREAS, each ROPS must include a budget for administrative costs and expenses consistent with CRL Section 34171. WHEREAS, the ROPS for the period commencing July 1, 2020 through June 30, 2021 (the "ROPS FY 20-21") was prepared in accordance with the requirements of CRL Section 34177(1) and other applicable law and is attached hereto as Exhibit "A". NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF CATHEDRAL CITY IN ITS CAPACITY AS THE GOVERNING BODY OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF CATHEDRAL CITY AS FOLLOWS: Section 1. The Successor Agency-recognized ROPS FY 20-21 serves as the budget document for the Successor Agency during the designated operative period and appropriates funds as identified. Section 2. The Successor Agency is required to submit the ROPS FY 20-21 to the Countywide Oversight Board for County of Riverside ("Countywide Oversight Board") for approval. Section 3. The Successor Agency has prepared an administrative budget for the approval of the Countywide Oversight Board in accordance with CRL Section 34171(b) and said administrative budget is under the maximum allowable three percent of the property tax actually allocated by the Riverside County Auditor-Controller to the Successor Agency's Redevelopment Obligation Retirement Fund for the 2020-2021 fiscal year and allocated appropriately between each six-month period prepared for the 2020- 2021 fiscal year, excluding any administrative costs that can be paid from bond proceeds or from sources other than property tax. Section 4. The Governing Board has received the ROPS FY 20-21 and approves the ROPS FY 20-201 (inclusive of the administrative budget), a copy of which is incorporated herein as Exhibit "A," and all the underlying agreements. Section 5. The Governing Board directs the Administrative Services Director to cause the transmission of the ROPS FY 20-21 to the Countywide Oversight Board for review, approval and distribution in accord with CRL Section 34177(o). Following receipt of the approved ROPS FY 20-21 from the Countywide Oversight Board, the Administrative Services Director is directed to distribute the ROPS FY 20-21 as provided by CRL Section 34177(o). Section 6. This Resolution will become effective in accord with CRL Section 34177(o) and Section 34179(h). The foregoing Resolution was duly and adopted at a regular meeting of the City Council as Successor Agency of the Redevelopment Agency of Cathedral City held on November 13, 2019 by the following vote: AYES: Councilmembers Gutierrez and Gregory; Mayor Pro Tem Aguilar and Mayor Carnevale NOES: None ABSENT: Councilmember Lamb ABSTAIN: None APPROVED: _) 0, I A i CHAI ATTEST: cd Successoriency overning :o'�• Secretary EXHIBIT A Recognized Obligation Payment Schedule and Administrative Budget ROPS FY 20-21 0 j\ CO § 0 co O N I— \ \ \ / \ \ CO § ® ® ƒ \ tti \ N CoE 0 - ®ER j 0) CD 0 § @ a v a & CO co 2 \ � \ 6' r CO e ; N ; 2 ® - - N 0 ' \ •0 0 0 N 2 2 Cr 0 f ° N. I- CO To ) c a » & ¥ a I- § � \ 0 CO CV k « R § . « ƒ 3 ® ® ® E E• .0 *--) � 4.1 % 0k re c \ .ce I g a) ) A ƒ E & z Cl) /� ) o z 0 .. 0ceas & kJ % 7 � _ u e \ \ + \) u EC £ t 0) 0 . . + 0 7 k 0a) .7:1° C k •$ } § Ce J co o Cl) $ ) 2 � o Cl) / \ \ § c co w = • . £ mm I 1 $ § CO d as. £ ' = 't § _ ` , _ ? c a) _ . 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