HomeMy WebLinkAboutOversight Board Reso 15-0024• • •: A i
WHEREAS, as a result of the passage of Assembly Billx1 26 from the 2011 -12 First
Extraordinary Session of the California Legislature ( "ABx1 26" or the "Dissolution Act "), the
redevelopment functions of the Downey Community Development Commission (CDC) were
dissolved on February 1, 2012; and,
WHEREAS, pursuant to Assembly Bill 1484 of the 2011 -12 Legislative Session ( "AB
1484 "), the Successor Agency to the dissolved redevelopment functions of the Downey
Community Development Commission ( "Successor Agency ") is a separate public agency now
charged with winding down the CDC's redevelopment affairs, including making payments due
for enforceable obligations (as defined in the Dissolution Act), and perform obligations required
pursuant to enforceable obligations; and,
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, pursuant to Health and Safety Code sections 34177(1) and 34180(8), 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, THE OVERSIGHT BOARD OF THE D O W N E Y
SUCCESSOR AGENCY HEREBY RESOLVES 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, 2016, through June 30, 2016, attached hereto and incorporated herein by
reference as Exhibit "A ", is 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 BOPS for the identified periods.
SECTION 3. The Secretary or authorized designee is hereby directed to post this
Resolution and the identified RODS 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 meeting held on the 17th day of
September, 2015.
DONALD LAPLANTE
Oversight Board Chair
ADBIA M. JI1I ENEZ, MC
Oversight Board Sec Lary
OVERSIGHT BOARD RESOLUTION NO. OB 15-0024
PAGE 2
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES ) SS
CITY OF DOWNEY )
I, Adria M. Jimenez, CMC, Secretary to the Oversight Board, hereby certify that the
foregoing resolution was duly adopted at -a meeting of the Oversight Board, held on the 17'" of
September, 2015.
AYES:
Board Members:
Brossmer, Delawalla, Flores, Latham, Schindler, Chair LaPlante
NOES:
Board Members:
None.
ABSENT:
Board Members:
Helvey.
ABSTAIN:
Board Members:
None.
ADRIA M. JIMENEZ, MC
Oversight Board Secretary
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