HomeMy WebLinkAboutOB-132RESOLUTION NO. OB - 132
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE
SUCCESSOR AGENCY TO THE PALM DESERT
REDEVELOPMENT AGENCY APPROVING A RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE SIX-MONTH
FISCAL PERIOD FROM JANUARY 1, 2016 THROUGH JUNE 30,
2016, AND TAKING CERTAIN RELATED ACTIONS
RECITALS:
A. Pursuant to Health and Safety Code Section 34177(I), the Successor
Agency to the Palm Desert Redevelopment Agency (the "Successor Agency") must
prepare a proposed Recognized Obligation Payment Schedule ("ROPS") before each
six-month fiscal period (commencing each January 1 and July 1) and submit each
proposed ROPS to the oversight board for the Successor Agency (the "Oversight
Board") for approval.
B. Pursuant to Health and Safety Code Section 34177(I)(2)(C) and (m), the
Successor Agency must (1) submit the Oversight Board -approved ROPS for the six-
month fiscal period from January 1, 2016 through June 30, 2016 ("ROPS 15-16B"), to
the DOF, the Office of the State Controller, and the County Auditor -Controller no later
than October 5, 2015; and (2) post a copy of the Oversight Board -approved ROPS 15-
16E on the Successor Agency's website.
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY, HEREBY FINDS,
DETERMINES, RESOLVES, AND ORDERS AS FOLLOWS:
Section 1. The above recitals are true and correct and are a substantive part
of this Resolution.
Section 2. The Oversight Board hereby approves proposed ROPS 15-16B,
substantially in the form attached hereto as Exhibit A. Staff of the Successor Agency is
hereby authorized and directed to submit a copy of Oversight Board -approved ROPS
15-16B to the DOF, the Office of the State Controller, and the County Auditor -Controller
and to post a copy of the Oversight Board -approved ROPS 15-16B on the Successor
Agency's Internet website (being a page on the Internet website of the City of Palm
Desert).
Section 3. The Oversight Board hereby designates John M. Wohlmuth, as the
official designated to whom DOF may make a request for review in connection with
actions taken by the Oversight Board.
Section 4. The officers of the Oversight Board and the staff of the Successor
Agency are hereby authorized and directed, jointly and severally, to do any and all
things which they may deem necessary or advisable to effectuate this Resolution,
including requesting additional review by the DOF and an opportunity to meet and
G \rda\Veronica Tapia\Word Files Staff Reports\Oversight Board\Staff Reports\OB Resolution Approving ROPS 15-16B 9-21-15 docx
RESOLUTION NO. OB-132
confer on any disputed items, and any such actions previously taken by such officers
and staff are hereby ratified and confirmed.
PASSED, APPROVED AND ADOPTED this 21st day of September, 2015.
AYES: BUCK, CARVER, KINNAMON, RODRIGUEZ, and SPIEGEL
NOES: NONE
ABSENT: JONATHAN and LARSON
ABSTAIN: NONE
ATTEST:
APINItalw _
RA HE LE D. KLASSEM; SECRETARY
OVERSIGHT BOARD FOR THE SUCCESSOR • ENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
Ar442/27Alzie,4(/7
ROBERT A. SPIEL-LiAIR
2
G \rda\Veronica Tapia\Word Files\Staff Reports\Overs,ght Board\Staff Reports \OB Resolution Approving ROPS 15-168 9-21.15 docx
RESOLUTION NO. OB - 132
[THIS PAGE LEFT INTENTIONALLY BLANK.]
RESOLUTION NO. OB-132
EXHIBIT A
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
(January 1, 2016 through June 30, 2016)
G UdalVeronica Tapa\Word Fries\Staff Reports\Overs.gnt Board%Staff Reports\OB Resolution Approving ROPS 15-16B 9-21.15 docx
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County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
Adjusted Current Period RPTTF Requested Funding (I-J)
PZl'ZO?'9L S
Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)
Enforceable Obligations funded with RPTTF (E):
Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
Total Current Period Enforceable Obligations (A+E):
1,0/11139'ZEL S
Administrative Costs (ROPS Detail)
Non -Administrative Costs (ROPS Detail)
Enforceable Obligations Funded with RPTTF Funding (F+G):
(I!e3a SdOdt) 13u)pund J9410
Reserve Balance Funding (ROPS Detail)
Bond Proceeds Funding (ROPS Detail)
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