HomeMy WebLinkAboutSA-RDA 008RESOLUTION NO. SA - RDA 008
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE PALM DESERT REDEVELOPMENT
AGENCY APPROVING REVISONS TO "EXHIBIT A" OF RESOLUTION
NO. SA-RDA-007, THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE SECOND SIX-MONTH PERIOD OF JULY 1, 2012
TO DECEMBER 31, 2012
RECITALS:
A. As a result of the California Supreme Court's decision on AB X1 26, the
Palm Desert Redevelopment Agency (the "Redevelopment Agency"), a redevelopment
agency in the City of Palm Desert (the "City"), created pursuant to the Community
Redevelopment Law (Health and Safety Code Section 33000, et seq.), was dissolved
pursuant to Part 1.85 of AB X1 26 on February 1, 2012.
B. By its Resolution No. 2011-76, adopted on August 25, 2011, the City
Council of the City made an election to serve as the successor agency for the
Redevelopment Agency under Part 1.85 (the `Successor Agency").
C. By its Resolution No. 001, adopted on February 9, 2012, the City Council,
acting as the governing board for the Successor Agency, established rules and
regulations applicable to the governance and operation of the Successor Agency, and
pursuant to such resolution provided that the Successor Agency will be governed by a
Board of Directors (the "Board") consisting of the members of the City Council of the
City.
D. In accordance with Health and Safety Code Section 34177(1), as modified
by the California Supreme Court, on March 22, 2012 the Successor Agency adopted
Resolution SA-RDA-007 approving the recognized obligation payment schedule for the
period July 1, 2012 through December 31, 2012 (the "ROPS2") for the enforceable
obligations of the former Redevelopment Agency. On April 9, 2012 the Oversight Board
of the Successor Agency approved the ROPS2. The State Department of Finance
("DOF") in a letter dated May 26, 2012, with certain exceptions identified in its letter of
April 26, 2012, approved the ROPS2.
E. According to direction from the DOF, for enforceable obligations with
multiple funding sources, the ROPS2 is required to identify specific amounts from
specific funding sources for each such obligation.
F. In addition to revising the ROPS2 to identify multiple funding sources as
described above, staff has recommended that the ROPS2 be revised to identify the
funding source as cash on hand for certain obligations.
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RESOLUTION NO. SA — RDA 008
G. Accordingly, the Board desires to adopt this Resolution approving
revisions to ROPS2 as follows: Project Area #1 Line items 1, 2, 3, 4, 5, 7, 8, 10, 25,
and 33; Project Area #2 Line items 1, 2, 3, 8 and 45; Project Area #3 Line items 1, 2, 3
and 25; and Project #4 Line items 1, 2, 3, 4, and 27.
NOW, THEREFORE, THE BOARD OF DIRECTORS OF 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 Board hereby approves the revisions to ROPS2, attached
hereto as Exhibit A and incorporated herein.
Section 3. The officers and 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 and any such actions
previously taken by such officers are hereby ratified and confirmed.
PASSED, APPROVED AND ADOPTED this 28th day of June, 2012.
AYES: BENSON, FINERTY, BARNIK, KROONEN, and SPIEGEL
NOES: NONE
ABSENT: NONE
ABSTAIN: NONE
ATTEST:
Robert A. Spiegel! an
R - chelle D. Klas es n, Se etary
SUCCESSOR AGENCY TO THE
PALM DESERT REDEVELOPMENT AGENCY
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RESOLUTION NO. SA -RDA 008
EXHIBIT A
REVISIONS TO SPECIFIC LINE ITEMS ON THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE SECOND SIX-MONTH OF
PERIOD JULY 1, 2012 TO DECEMBER 31, 2012
Exhibit A
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RESOLUTION NO. SA -RDA 008
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RESOLUTION NO. SA —RDA 008
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