HomeMy WebLinkAboutOversight Board Reso 16-0025i : • • l'10 lexel'115-11111lip
•• • •:•,"1 • l• •'
• • •' : • 1
• • • 1 ` •-k 1 1
WHEREAS, as a result of the passage of Assembly Billx1 26 from the 2011-12 First
Extraordinary Session of the California Legislature (°ABx1 26"), 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, pursuant to Senate Bill 107 of the 2015-16 Legislative Session ("SB 107"),
an annual Recognized Obligation Payment Schedule ("ROPS") process was established to
replace the previous 6 -month cycle, along with other substantive and technical _amendments
(ABx1 26, AB 1484, SB 107, and all other enactments relating to Parts 1.8 and 1.85 of Division
24 of the Health and Safety Code are collectively referred to as the "Dissolution Law"); 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 and Safety Code Section 34179; and;
WHEREAS, pursuant to Health and Safety Code sections 34177 and 34180, the
Oversight Board must approve a Recognized Obligation Payment Schedule for it to become
established, valid, and operative for the applicable fiscal period under the Dissolution Law.
NOW, THEREFORE, THE OVERSIGHT BOARD OF THE DOWNEY SUCCESSORY
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 July 1, 2016, through June 30, 2017, 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 provision in the Dissolution Law that applies to the approval by
the Oversight Board of the identified ROPE for the identified period.
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.
RESOLUTION NO. OB 16-0025
PAGE 2
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 25th day of
January, 2016.
'155 LAM
Chair
ATTEST:
a�—u
:,
rv—
ADRIA M. JIMENEZ, MC
Secretary
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES SS
CITY OF DOWNEY
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, hell on the 25th of January,
2016.
AYES: Board Members: Blumenthal, Brossmer, Delawalla, Latham, Schindler,
Chair LaPlante
NOES: Board Member: None.
ABSENT: Board Member: Helvey
ABSTAIN':: Board Member: None.
ADRIA M. JI EN CMC
Secretary
fD •N 0
� C N
T U
U)
L`
C p (a
l9 U C
L f6 >
C
E W (6 m
W
L1f W ` W
co 0
W
W
CO r C
A
N
L r U
> .0 W
O E
o � m
C o L
o
C U O
(+6 >'
E C
W 7 W L p)
0 C L 0 m
C
rQ
C
to O
M
N w
CL
7
LL
LL
40
H
69
F-
L -
d
00
M
N
r- M
n
r
O
'a
r
f69
fA
fA
M
W
W::
7
O
I+
t`
O
CO
O Nt
N
3
W
O'
r
H
fD •N 0
� C N
T U
U)
L`
C p (a
l9 U C
L f6 >
C
E W (6 m
W
L1f W ` W
co 0
W
W
CO r C
A
N
L r U
> .0 W
O E
o � m
C o L
o
C U O
(+6 >'
E C
W 7 W L p)
0 C L 0 m
C
C
7
LL
LL
F-
L -
d
'a
C
7
LL
N
3
H
K
(q -O
a d
C+
O
LL
N
CL
+�
C
® p
OD
C
>
C
c
- W
7
LL
O
LL
LU
W C
H
Q
L Od
Z
W
L
t
C
p
_W
..
PW
W' W
W
LL
LL
co
U
_w
O
j
7C
LL
O
W
�n
W
LLa+
LL
W
*+
66
,
.�
p
e�
r A
W
C
U)
>
LU
y;O U
U
m
C
O
m
o
W m
_
L
�
W
LL
®%
_
�
to
C
W
W co
C
cn
W
cu
W
C
E
d
W
o U W
`
O
m
(D
w
L
O
U
®
o
z
io
Q
O
a w 0
w
v
C
Q
m
U
0
LU
LL
(D
2
7
O
7
CO)
0
0
fD •N 0
� C N
T U
U)
L`
C p (a
l9 U C
L f6 >
C
E W (6 m
W
L1f W ` W
co 0
W
W
CO r C
A
N
L r U
> .0 W
O E
o � m
C o L
o
C U O
(+6 >'
E C
W 7 W L p)
0 C L 0 m
O
ai
!2
m
m
Ql
0
OCD
E(D
E
C:
0
(U
0
0
UJ
w
41
X
a)
_r LU
LO
co
�2
0)
0
CD
r,
CD
r•
LO m
0 co
U
co
m
a)
0)
0) (D
O Z
E
w;
-
r_:
0) ff)
q
(0
T
r
r
Cl) U�
<
(L
0 cc
—m
0
z
Ln
<
I a
VU
a- a)
o
(D
(0
r-
(D
cq
m m
It't
V)
Cl)
cc
a)
m
-C
C
0
u
E
CC)
:�
Vim'
CL U- -0 —
0 's
r -
CL -C
LL
Q� F- 2 _0
:3 —0 0
0 M
u
CD
c
CL -0 W -
T 'C: CD
- — e
—
0
(n
w
li
CL Mn cx
_0
0 t
N
ca
0—
CLUi
a)
I U-
CO
Lo
CD
La
CD
W
0)
a)
m Of
D-
1-
1,
1,
11
0
4)
LL.
W
0 12 (D
cj� M S;
cq
0
c%i
0
Cq
0
0
r.
(V
LLJ
-0 m
—
2"
8,00
.c m
a
00
Q)
_QDl OL
a-
0
>. E
z
40
•U)
m 0
E u
0
c
o
0
E
IT, -
a
C)
;=
cn
N®
C:
cn
0
CL
v 0
N.
a
C
0
(D
LL
=3 CL
.4.,
ca
o
(L
0
LO
La!
O0
U)
.
C
a
0
-0 4)a,
(N
Cl
Cli
X
(D
co
M
t
0
0
QA
0 0
co
491
40
40
M
a)
In
m
(n
ca
E
_0
-D
cl
E
B
0
OJ
E
2
:3
79
> c
(u m
'a >
a)
7)
c
0
0
c
C.
0 r_
'P
MD
_0
-0
_0
IL
07
M
0
m
cm
0-
:3
cr
IL
0
0
E
+
W)
Mo =
0
E db
Cf
n
®
<
r.0
CD
a)
m
ID CO (D
m Ln
>
LO
C
w
3:
(D
Z
0 (U
=3
0
m
0 -1
.0
�2
_0
C
.2
cp
D-
0
c
E
CL m
oi Q)
>
0
w
LL
o c
2-
cu 2
uj
m 0
M c4
w a +
m uj
0
0 x
U
U)
0
+
U.
C, to
-
>
U) 0
o
w 0
tf
(u
r
m
U)
-0
CL
V)
'a
0
M
,z
a.
2-0
(D
0
M
0
.0 C
LL
IV
0 LL
0 0 2 0
!!� f
.0
fD
E
0 0
m
Q.
2 6
=0
0 M 0
CL 15
'2
2
>
EU
Y
0 c
U)
2
+
E T
E 2 0
0 c IL
'S
m
0
0 '--
'D
a!
:3
0
+
V
Lu cm
:3 0
0
E
C
a)
E
E
a
E �o
S
E
E �o w
0 E
<
0
LL a)
c Ld
<=
0 U-
0
LL
>
-•Lh
C m
IL
> S
r
CM;
C F-
F- (D
a.
0
h r
Im
I CD
> F- rL o
F -
F-
F- 0)
m
7 C:
wo
0, 'a
w o- o
Q� 0
x Z;i
w
0
Im w
0
L.0 U
0
0 m q
w Q- o x PD
w w 0 LU
9D a.
Ix of w
vi CD
ol"m
It
to
IL
0 r.
co rn