HomeMy WebLinkAbout020-2015SARESOLUTION NO.20-2015SA
APPROVING AND ADOPTING RECOGNIZED OBLIGATION PAYMENT
SCHEDULE BOPS 15-16A FOR 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 JULY 1 THROUGH DECEMBER 31, 2015
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 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 month period; and
WHEREAS, the Successor Agency is required to adopt a ROPS covering the period
from July 1, 2015 through December 31, 2015 (ROPS 15-16A); 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 15-16A and the Administrative Budget must be submitted to
the Oversight Board for approval; and
WHEREAS, the Successor Agency has reviewed and duly considered the Staff Report,
the ROPS 15-16A, the Administrative Budget and documents and other evidence
presented at the meeting; now, therefore, be it
RESOLVED, that 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 Successor Agency to the former Community Development Agency
of the Town of Danville, hereby approves and adopts Recognized Payment Obligation
Payment Schedule ROPS 15-16A, attached hereto as Exhibit 1; and, be it further
RESOLVED, that the Successor Agency to the former Community Development Agency
of the Town of Danville, authorizes and directs the Town Manager to: (1) present BOPS
15-16A to the Successor Agency's Oversight Board for consideration of approval; (2)
provide a copy of RODS 15-16A 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 15-16A to the County Auditor -Controller, the State Department of Finance, and
the State Controller and to post ROPS 15-16A on the Town website; and (4) to take such
other actions and execute such other documents as are necessary to implement ROPS
15-16A on behalf of the Successor Agency; and, be it further
RESOLVED, that the Successor Agency to the former Community Development Agency
of the Town of Danville, hereby approves the Administrative Budget for the period from
July 1, 2015 through December 31, 2015, 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. 20-2015SA
APPROVED by the Successor Agency to the former Community Development Agency
of the Town of Danville, at a regular meeting on February 17, 2015, by the following
vote:
AYES: Doyle, Stepper, Arnerich, Morgan, Storer
NOES: None
ABSTAINED: None
ABSENT: None
APPROVED AS TO FORM:
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CITY ATTORNEY
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PAGE 3 OF RESOLUTION NO.20-2015SA