OB - 2015-0007 - Approving the Recognized Obligation Payment Schedules for the Period of January 1, 2016 Through June 30, 2016RESOLUTION NO. 2015 -0007
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO THE ROSEMEAD• COMMUNITY DEVELOPMENT COMMISSION
APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULES FOR
THE PERIOD OF JANUARY 1, 2016 THROUGH JUNE 30, 2016
WHEREAS, California Health and Safety Code section 34179 requires that each
Successor Agency have an Oversight Board; and '
WHEREAS, Section 34177 required each Successor Agency to prepare a draft
Recognized Obligation Payment Schedule ( "ROPS ") and section 34180 requires the
Oversight Board to approve same: and
WHEREAS, Section 34177 provides that each ROPS shall be forward looking to
the next six months; and
WHEREAS, Section 34177 requires that the ROPS be transmitted to the County
Auditor - Controller, the State Controller and the State Department of Finance; and
WHEREAS, notwithstanding the sequencing contemplated in section 34177, the
Department of Finance is requesting the BOPS be considered by the Oversight Board
and transmitted as soon as possible; and
WHEREAS the County will not make any payments of property taxes to the
Successor Agency for use in payment of the obligations listed on the ROPS until the
BOPS has been approved by the Oversight Board. Any delay in payment could impair
the Successor Agency's ability to make payments for the enforceable obligations; and
WHEREAS the Successor Agency prepared a draft ROPS for the period January
1, 2016 through June 30, 2016 is attached hereto as Exhibit A.
NOW THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY TO ROSEMEAD COMMUNITY DEVELOPMENT COMMISSION HEREBY
RESOLVES:
1. The BOPS for the period January 1, 2016 through June 30, 2016 attached
hereto as Exhibit A is hereby approved.
2. Successor Agency staff is directed to provide a copy of this Resolution
along with the approved ROPS to the County Auditor - Controller, the State
Controller's Office and the State Department of Finance.
PASSED, APPROVED AND ADOPTED this 14th day of September 2015.
Chairperson
ATTEST:
Matth6w E. F+awkesworth
Successor Agency Staff
Assistant City Manager
CERTIFICATION
I HEREBY CERTIFY that the above foregoing resolution 2015 -0007 was duly passed and adopted
by the Oversight Board for the Successor Agency to the Rosemead Community Development
Commission at its regular meeting held on the 14 day of September 2015, by the following
vote, to wit:
AYES:
Allred, Jones, Lash, Wallach
NOES:
None
ABSENT:
Miller, Sotelo, Redo ndo- Churchward
ABSTAIN:
None
Math 4w E. H wkesworth
Successor Agency Staff
Assistant City Manager
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