HomeMy WebLinkAboutOversight Board Reso 12-0007and
OVERSIGHT BOARD RESOLUTION NO. 12 -0007
A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR
AGENCY TO THE DISSOLVED DOWNEY COMMUNITY DEVELOPMENT
COMMISSION APPROVING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE (ROPS) FOR THE PERIOD OF JULY 1, 2012, THROUGH
DECEMBER 31, 2012, PURSUANT TO HEALTH AND SAFETY CODE
SECTIONS 34177 AND 34180
WHEREAS, the Oversight Board to the Successor Agency to the dissolved
redevelopment agency functions of the Downey Community Development Commission
has been appointed pursuant to the provisions of Health & Safety Code Section 34179;
WHEREAS, the City of Downey ( "City "), acting in its capacity as the Successor
Agency ( "Successor Agency ") to the dissolved redevelopment agency functions of the
Downey Community Development Commission ( "CDC "), duly approved the ROPS for
the period of July 1, 2012, through December 31, 2012, in accordance with Health and
Safety Code section 34177(1), and all duly approved actions approving the identified
ROPS for the identified periods are on file with the City Clerk of the City acting in its
capacity as the Successor Agency; and,
WHEREAS, pursuant to Health and Safety Code sections 34177(1) and 34180(g),
the Oversight Board must approve a Recognized Obligation Payment Schedule for it to
become established, valid, and operative for the applicable six -month fiscal period.
NOW, THEREFORE, THERE OVERSIGHT BOARD DOES RESOLVE AS
FOLLOWS:
herein.
SECTION 1. The foregoing Recitals are true and correct and are incorporated
SECTION 2. The Recognized Obligation Payment Schedule ( "ROPS ") covering
the period of July 1, 2012, through December 31, 2012, attached hereto and
incorporated herein by reference as Exhibit "A ", are hereby approved pursuant to Health
and Safety Code Sections 34177 and 34180, and any other law that may apply to the
approval by the Oversight Board of the identified ROPS for the identified periods.
SECTION 3. The Secretary or authorized designee is hereby directed to post
this Resolution and the identified ROPS for the identified periods on the Successor
Agency's website, and to provide a copy of the identified ROPS for the identified periods
to the State Controller's Office, State Department of Finance, and the County Auditor -
Controller.
OB RESOLUTION NO. 12 -0007
PAGE 2
SECTION 4. The Secretary shall certify to the adoption of this Resolution.
PASSED AND ADOPTED by the Oversight Board a = eeting held on the 24
day of May, 2012.
ST
dria M. Jimenez,ISecretary
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF DOWNEY
AYES: Board Members:
NOES: Board Members:
ABSENT: Board Members:
Br' - T i, Chair
I, Adria M. Jimenez, Secretary to the Oversight Board, hereby certify that the
foregoing resolution was duly adopted at a meeting of the Oversight Board, held on the
24 day of May, 2012.
Brossmer, Flores, Helvey, Latham, LaPlante,
Chair Saeki
None
Delawalla
Adria M. Jimenez, Secretary