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
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