HomeMy WebLinkAboutResolution No. 2020-R02RESOLUTION NO.2020-R02
A RESOLUTION OF THE SUCCESSOR AGENCY OF THE FORMER
REDEVELOPMENT AGENCY OF THE CITY OF AZUSA APPROVING
AND ADOPTING THE RECOGNIZED OBLIGATION PAYMENT
SCHEDULE FOR THE PERIOD OF JULY 1, 2020 THROUGH JUNE 30,
2021 PURSUANT TO AB xI 26 AS AMENDED BY AB 1484
WHEREAS, Health and Safety Code Section 34169(h), enacted by AB xl 26, requires
successor agencies to prepare a Recognized Obligation Payment Schedule ("ROPS") annually.
WHEREAS, because the Successor Agency of the former Redevelopment Agency of
the City of Azusa ("Board") previously adopted a ROPS, Resolution No. 2019-R02, dated
January 22, 2019, is operative only through June 30, 2020, so that the Successor Agency of the
former Redevelopment ("Agency") may continue to meet the Agency's recognized obligations,
and
NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Oversight
Board as follows:
SECTION 1, The Recitals set forth above are true and correct and incorporated
herein by reference.
SECTION 2. The Agency staff is hereby authorized to administratively amend
the ROPS in order to remove line items which are subsequently disapproved by the Board,
the California State Department of Finance ("DOF") and the County of Los Angeles Auditor -
Controller and to format the ROPS to conform with DOF requirements and to take all
necessary and appropriate actions to prepare and submit the ROPS, provided, however, that
neither such authorization nor such removal shall be deemed to be, nor are they intended as,
an acknowledgement of the validity of AB xl 26 and AB 1484 or such action by the Board
and/or the DOF. The Agency reserves all rights of the Agency to challenge the validity
and/or application of any or all provisions of AB xl 26 and AB 1484 in any administrative
or judicial proceeding, without prejudice to the Agency's right to list any such removed item
on this or a future ROPS. The Agency reserves the right to pursue any and all appeals and any
available legal or equitable remedy provided or available by law to obtain the correction of
any erroneous decision regarding the ROPS.
SECTION 3. The Agency staff is authorized to include on the ROPS any items
which were approved on previous ROPS but not fully expended.
SECTION 4. The Board hereby approves and adopts ROPS 20-21, in substantially the
form attached to this Resolution as Exhibit A, so that the Agency may continue to meet its
recognized obligations, all as required by Health and Safety Code section 34177, during the
time period from July 1, 2020 through June 30, 2021. The Agency reserves the right to further
amend the ROPS in the future in order to provide an accurate schedule.
SECTION 5. The Board hereby directs that copies of this Resolution be submitted to the
California State Department of Finance, the California State Controller's Office and the Los
Angeles County Auditor -Controller and to be posted on the Agency's website.
SECTION 6. Pursuant to Health and Safety Code Section 34179(h), all actions taken by
the Oversight Board, may be reviewed by the California Department of Finance, and therefore, this
Resolution shall not be effective for five (5) business days, pending a request for review by the
California Department of Finance.
PASSED, APPROVED and ADOPTED this 21St day of January, 2020.
X0Lsek
ph omero Rocha
Mayor
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 2019-R02 was duly adopted
by the City Council of the City of Azusa, at a regular meeting thereof held on the 21St day of
January 2020, by the following vote of the Council:
AYES: COUNCILMEMBERS: GONZALES, MACIAS, ALVAREZ, ROCHA
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: CARRILLO
APPROVED AS TO FORM:
- sta. A,
Best Best& Krieger, LLP
City Att ey
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE 20-21
July 1, 2020 through June 30, 2021
Recognized Obligation Payment Schedule (ROPS 20-21) - Summary
Filed for the July 1, 2020 through June 30, 2021 Period
Successor Agency: Azusa
County: Los Angeles
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
A Enforceable Obligations Funded as Follows (B+C+D)
B Bond Proceeds
C Reserve Balance
D Other Funds
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G
F RPTTF
G Administrative RPTTF
H Current Period Enforceable Obligations (A+E)
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
accurate Recognized Obligation Payment Schedule for
the above named successor agency.
20-21A Total
20-21 B Total
ROPS 20-21
(July -
(January -
Total
December)
June)
$ 650,798
$ 650,798
$ 1,301,596
650,798
650,798
1,301,596
$ 3,810,612
$ 858,467
$ 4,669,079
3,685,612
733,467
4,419,079
125,000
125,000
250,000
$ 4,461,410
$ 1,509,265
$ 5,970,675
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Recognized Obligation Payment Schedule (ROPS 20-21) - Notes
July 1, 2020 through June 30, 2021
Item #
Notes/Comments
4
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