HomeMy WebLinkAboutOversight Board Reso 12-0009 RESOLUTION NO. OB 12 -0009
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 JANUARY 1, 2013, THROUGH JUNE 30, 2013, 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; and,
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
January 1, 2013, through June 30, 2013, 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, BE IT RESOLVED BY THE OVERSIGHT BOARD AS
FOLLOWS:
SECTION 1. The foregoing Recitals are true and correct and are incorporated herein.
SECTION 2. The Recognized Obligation Payment Schedule ( "ROPS ") covering the
period of January 1, 2013, through June 30, 2013, 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.
SECTION 4. The Secretary shall certify to the adoption of this Resolution.
PASSED AND ADOPTED by the Oversight Board at a mee ' - • held on the 16 day of
August, 2012.
BRI • 4 , Chair
ATTEST:
L;fi
Adria M. Jimenez
Secretary
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ) SS
CITY OF DOWNEY ) I
1, 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 16 day of
August, 2012.
AYES: Board Members: Brossmer, Delawall, Flores, Helvey, Latham
Chair Saeki
NOES: Board Members: None
ABSENT: Board Members: LaPlante
ATTEST:
,‘
Adria M. Jimenez, Se retary
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