HomeMy WebLinkAboutOversight Board Reso 19-0028•" # • A • i •
pursuant to ABx 1 26, enacted on t and as subsequently
amended by AB 1484, SB 341, and SB 107 ("Dissolution Act"), the Redevelopment Agency to
the City of Downey was dissolved as of 'i and the City of Downey elected to
serve as the Successor Agency to the former Redevelopment Agency t the City of Downey.
WHEREAS, pursuant to Health and Safety Code Section 34179 (), commencing on
a • after July 1, 2018,i i Angeles, more t oversight boards were
Fourthcreated by the Dissolution Act, shall have five consolidated oversight boards each
encompassing the five supervisorial districts;
WHEREAS, the t- •rial District Consolidated Oversight :i. • s
Board") has jurist i, • ' the Successor Agency of the Former Redevelopment Agency
the City of ri
WHEREAS, the Fourth Supervisorial District Consolidated Oversight Board held a
regular • on Januaryis
i'' i" -t• • '�' r IMMIM • i i'ii `i
SECTION' ROP • t covering the period of t' i through June 30,
2020, attached hereto and incorporated herein by as •it "A", is hereby approved
pursuant to Health and Safety Code Sections 34177and 34180, and any other provision
Dissolution Law that applies to the approval by the Oversight Board of the identified ROPS for
the identified period.
is i � r`. i f t 1' t if • f
C- i . . . . ' i .ti• i i' „' i
OVERSIGHT BOARD RESOLUTION NO.
PAGE 2
PASSED AND ADOPTED this 15th' day of January, 2019 by the owing vote:
W a L- 0 PJ 12 C7 -1 F- L I
AYES:—T-- G-,
I p 0 D,2,1 ei I
NOES: N'-)N�
ABSENT:-3 . Vc F -F e c -r-0 P"(?. — �Iayrne Wilson, r, 4th—D--istrict
ABSTAIN: J Consolidated Oversight Board
cl 1,
SECRE V SIGHT BOARD
'" 4•''W9191WORZARIJOI
PAGE
i
Recognized Obligation Payment Schedule (ROPS 19-20) - Summary
Filed for the July 1, 2019 through June 30, 2020 Period
Successor Agency: Downey
County: Eos Angeles
Current Period Requested Funding for Enforceable Obligations (BOPS Detail)
A Enforceable Obligations Funded as Follows (S+C+D):
B Send Proceeds
C Reserve Balance
D Other Funds
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
F RPTTF
G Admiriza Live RPTTF
H Current Period Enforceable Obligations (A+E):
19-20A Total
19.208 Total
(July - December)
(January - June)
BOPS 19-20 Total
1,884,849 $
241,081 S
1,905,930
1,539,849
116,081
1,655,930
125,000
125,00D
250,000
1,664,849 $
241,081 $
1,903,930
Certification of Oversight Board Chairman- -.,,(
Pursuant to Section 34177 (o) of the Health and Safety code, i
hereby certify that the above is a true and acewale Recognized Name
Obligahon Payment Schedule for the above named successor
agency. !s7 1
Signature Date
t-4-
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Downey Recognized Obligation Payment Schedule (ROPS 19-20) - Report of Cash Balances
July 1, 2016 through June 30, 2017
(Report Amounts in Whole Dollars)
source is available or when payment from property tax revenues is required by an enforceable obligation. For tips on how to comps
plete the Report of Cash Balances Form, see Cash Balance Tips
Sheet.
A Bo EF G H
ROPS 16-17 Cash Balances
(07101 116 •06/30117)
1 IstigirmingAvailatil e Cash Balance (Actual 07101116)
RPTTF amount should -exclude "A" pound distribution amount
2 Revenue/income (Actual 06130117)
RPTTF amount should tie to the ROPS 16-17 total distribution from the
County Auditor -Controller
3 Expenditures for ROPS 16-17 Enforceable Obligations
(Actual 06130117)
4 !'Retention of Available Cash Balance (Actual 06/30117)
RPTTF amount retained should only include the amounts dehibuted as
reserve for future perrodis)
5 ROPS 16-17 RPTTF Prior Period Adjustment
1 RPTTF amount should tie to the Agency's ROPS 16-17 PPA form
Submitted to the CAC
6 Ending Actual Available Cash Balance (06130117)
C to F = (I - 2 . 3 - 4), G = (1 - 2 - 3 - 4 - 5)
Fund Sources
Bond Proceeds Reserve Balance Other Funds RPTTF
Prior ROPS RPTTF
and Reserve Rent Non -Admin
Edirds issued on or � Bonds issued on or Balances retained Grants, and
before 1213V10 after01/01/11 for future beriouns) Interest etc Armin
1343250
$ 643,250 J$
1,102,705 127,843 43340
2,736 1 600 000
2,743 1 352743
0 Is 1,102,795 ) $ 127,838 $ 290.597
Comments
Item # NoteslComments
NIA