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HomeMy WebLinkAboutOB-142RESOLUTION NO. OB - 142 A RESOLUTION OF THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY APPROVING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE FISCAL PERIOD FROM JULY 1, 2016 THROUGH JUNE 30, 2017, PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 AND TAKING CERTAIN RELATED ACTIONS RECITALS: A. Pursuant to Health and Safety Code Section 34177(o), the Successor Agency to the Palm Desert Redevelopment Agency (the "Successor Agency") must prepare a Recognized Obligation Payment Schedule listing the anticipated payments for enforceable obligations to be made by the Successor Agency during the fiscal period from July 1, 2016 through June 30, 2017 ("ROPS 16-17") and submit ROPS 16-17 to the oversight board of the Successor Agency (the "Oversight Board") for approval. B. Pursuant to Health and Safety Code Section 34177(I)(2)(C) and Section 34177(o)(1), the Successor Agency must: (i) submit the Oversight Board -approved ROPS 16-17 to the DOF, the Office of the State Controller, and the County Auditor - Controller no later than February 1, 2016, and (ii) post a copy of the Oversight Board - approved ROPS 16-17 on the Successor Agency's website. NOW, THEREFORE, THE OVERSIGHT BOARD OF THE SUCESSOR 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 the proposed ROPS 16-17, substantially in the form attached hereto as Exhibit A. Staff of the Successor Agency is hereby authorized and directed to: (i) submit a copy of Oversight Board -approved ROPS 16-17 to the DOF, the Office of the State Controller, and the County Auditor - Controller and (ii) post a copy of the Oversight Board -approved 16-17 on the Successor Agency's Internet website (being a page on the Internet website of the City of Palm Desert). Section 3. 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 but not limited to requesting additional review by the DOF and an opportunity to meet and confer on any disputed items, and making adjustments to ROPS 16-17 pursuant to the DOF's instructions, and any such actions previously taken are hereby ratified and confirmed. G \rda\Veronica Tapa\Word Files\Staff Reports\Oversight Board\Palm Desert SA - OB reso for ROPS 16-17 1-25-16 docx RESOLUTION NO. OB - 142 PASSED, APPROVED AND ADOPTED this 25th day of January, 2016. AYES: JONATHAN, PACK, RODRIGUEZ, and SPIEGEL NOES: NONE ABSENT: BUCK and KINNAMON ABSTAIN: NONE ROBERT A. SPIEGEf,/HA ATTEST: RA ' LLE D�KLASSEN, '_CRETARY OVERSIGHT BOARD OF SUCCESSOR AGE ' CY TO THE PALM DESERT REDEVELOPMENT AGENCY G Vda\Veronica Tapia\Word Files\Staff Reports\Oversight Board\Palm Desert SA - OB reso for ROPS 16-17 1-25-16 docx2 RESOLUTION NO. OB - 142 EXHIBIT A SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT AGENCY RECOGNIZED OBLIGATION PAYMENT SCHEDULE (July 1, 2016 — June 30, 2017) G trda\Veronica Tapia\Word Files\Staff Reports\Oversight Board\Palm Desert SA - OB reso for ROPS 16-17 1-25-16 docx RESOLUTION NO. 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