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HomeMy WebLinkAbout080-2013SARESOLUTION NO.80- 2013SA APPROVING AND ADOPTING RECOGNIZED PAYMENT OBLIGATION SCHEDULE ROPS 13 -14B FOR THE TOWN OF DANVILLE ACTING AS THE SUCCESSOR AGENCY TO THE FORMER COMMUNITY DEVELOPMENT AGENCY OF THE TOWN OF DANVILLE AND APPROVING THE ADMINISTRATIVE BUDGET FOR THE SUCCESSOR AGENCY FOR THE PERIOD FROM JANUARY 1 THROUGH JULY 30, 2014 WHEREAS, pursuant to the California Community Redevelopment Law (Health and Safety Code Section 33000 et seq.; the "Redevelopment Law "), the Town Council (the "Town Council ") of the Town of Danville (the "Town ") previously adopted the Redevelopment Plan for the Downtown Danville Redevelopment Project (the "Redevelopment Plan "); and WHEREAS, the Redevelopment Plan had been implemented by the Community Development Agency of the Town of Danville (the "CDA "); and WHEREAS, ABx1 26 was enacted on June 28, 2011 and was subsequently amended with the adoption of AB 1484 (collectively, the "Dissolution Act ''); and WHEREAS, on January 10, 2012, acting in accordance with Health and Safety Code Sections 341710) and 34173, the Danville Town Council adopted Resolution No. 6 -2012, accepting the designation to serve as the Successor Agency to the CDA; and WHEREAS, pursuant to the Dissolution Act, the CDA was dissolved as of February 1, 2012, at which time the assets and payment obligations (defined in the Dissolution Act as "Enforceable Obligations ") of the CDA were transferred to the Town, acting in its capacity as Successor Agency; and WHEREAS, pursuant to the Dissolution Act, the Successor Agency is required to adopt a Recognized Obligation Payment Schedule ( "ROPS ") twice per year, setting forth the Enforceable Obligations of the Successor Agency for the coming six rnonth period; and WHEREAS, the Successor Agency is required to adopt a RODS covering the period from January 1, 2014 through June 30, 2014 (ROPS 13 -14B); and WHEREAS, pursuant to Health and Safety Code Section 341770), the Successor Agency must prepare an administrative budget for its general administrative costs and expenses for each six month period (the "Administrative Budget "). Pursuant to Health and Safety Code Section 34171(b), the administrative budget for the fiscal year shall be the greater of three percent (3 %) of the Redevelopment Obligation Retirement Fund allocated to the Successor Agency or $250,000, unless reduced by the Oversight Board or a lower amount is agreed to by the Successor Agency; and WHEREAS, both ROPS 13 -14B and the Administrative Budget must be submitted to the Oversight Board for approval; and WHEREAS, the Town Council has reviewed and duly considered the Staff Report, the ROPS 13 -14B, the Administrative Budget and documents and other evidence presented at the meeting; now, therefore, be it RESOLVED, that the Danville Town Council, acting as the Successor Agency to the former Community Development Agency of the Town of Danville, finds that the above Recitals are true and correct and have served, together with the supporting documents, as the basis for the findings and approvals set forth below; and, be it further RESOLVED, that the Danville Town Council, acting as the Successor Agency to the former Community Development Agency of the Town of Danville, hereby approves and adopts Recognized Payment Obligation Payment Schedule ROPS 13 -14B, attached hereto as Exhibit 1; and, be it further RESOLVED, that the Danville Town Council, acting as the Successor Agency to the former Community Development Agency of the Town of Danville, authorizes and directs the Town Manager to: (1) present ROPS 13 -14B to the Successor Agency's Oversight Board for consideration of approval; (2) provide a copy of ROPS 13 -14B to the County Administrator, County Auditor - Controller and the State Department of Finance at the same time as presented to the Oversight Board; (3) once approved by the Oversight Board, provide an approved copy of ROPS 13 -14B to the County Auditor - Controller, the State Department of Finance, and the State Controller and to post ROPS 13 -14B on the Town website; and (4) to take such other actions and execute such other documents as are necessary to implement ROPS 13 -14B on behalf of the Town, as Successor Agency; and, be it further RESOLVED, that the Danville Town Council, acting as the Successor Agency to the former Community Development Agency of the Town of Danville, hereby approves the Administrative Budget for the period from January 1, 2014 through June 30, 2014, attached hereto as Exhibit 2; and, be it further RESOLVED, that the Town Manager is directed to: (1) provide a copy of the Administrative Budget to the County Auditor: Controller; and (2) submit the Administrative Budget to the Oversight Board for consideration of approval. PAGE 2 OF RESOLUTION NO.80- 2013SA APPROVED by the Danville Town Council, acting as the Successor Agency to the former Community Development Agency of the Town of Danville, a [- a regular meeting on September 3, 2013, by the following vote: AYES: NOES: Arnerich, Storer, Doyle, Morgan, Stepper None ABSTAINED: None ABSENT: None APPROVED AS TO FORM: ATTEST: CITY ATTORNEY CITY CLE PAGE 3 OF RESOLUTION NO.80- 2013SA