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HomeMy WebLinkAboutPCDSA Resolution 2017-01 01/09/2017Resolution No. 2017 -01 of the Petaluma Community Development Successor Agency A RESOLUTION OF THE PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY ADOPTING A JULY 1, 2017 - JUNE 30, 2018 RECOGNIZED OBLIGATION PAYMENT SCHEDULE ( "ROPS 17 -18 ") AND ADMINISTRATIVE BUDGET PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 (1) WHEREAS, the City of Petaluma (City) resolved to act as the Petaluma Community Development Commission Successor Agency (PCDSA or Successor Agency) to, and assumed all rights and obligations of, the former Petaluma Community Development Commission (PCDC), by Resolution No. 2012 -03; and WHEREAS, the City Council established the PCDSA as an independent public entity pursuant to Health and Safety Code Section 34173(g), on August 6, 2012, by Resolution No. 2012 -118 N.C.S.; and WHEREAS, the liability of the PCDSA is limited pursuant to Health and Safety Code Section 34173(e) and other applicable law; and WHEREAS, the PCDSA was required to adopt a six month enforceable obligation payment schedule referred to as the Recognized Obligation Payment Schedule (ROPS), and an administrative budget, which it has done for each of the initial six -month periods of the newly formed PCDSA; and WHEREAS, newly adopted legislation requires a yearlong period for the ROPS; and WHEREAS, the ROPS 17 -18 and administrative budget, covering the period from July 1, 2017 - June 30, 2018, are due to the State Department of Finance. (DOF) by February 1, 2017; and WHEREAS, the Oversight Board for the PCDSA must review and approve the ROPS 17 -18 and administrative budget prior to their submission to DOF; and WHEREAS, in adopting ROPS 17 -18, the PCDSA will comply with all applicable posting and notification requirements, including posting the ROPS 17 -18 on the Successor Agency's website and providing a copy thereof to the Oversight Board for the PCDSA, the County Administrative Officer, the Department of Finance, and the Sonoma County Auditor - Controller; and WHEREAS, a draft ROPS 17 -18 and administrative budget for the period July 1, 2017 - June 30, 2018, a copy of which is attached as Exhibit A & B, has been presented to the PCDSA, the PCDSA is familiar with the contents thereof, and the Executive Director has recommended approval of the same, subject to the contingencies and reservation of rights set forth in this Resolution; and WHEREAS, the PCDSA reserves the right to challenge the legality of Assembly Bill x1 26, AB 1484 and /or any implementing regulations, and to rescind its acceptance of Successor PCDSA Resolution No. 2017 -01 Page 1 Agency rights and obligations, and reserves any and all rights concerning Assembly Bill x126 and AB 1484 pursuant to applicable law; and WHEREAS, the PCDSA reserves the right to further amend the ROPS 17 -18 and administrative budget; and WHEREAS, in adopting the ROPS 17 -18 and administrative budget, the PCDSA does not intend to waive, nor shall the PCDSA be deemed to have waived, any rights the PCDSA may have pursuant to or in connection with any obligation listed on the ROPS 17 -18 and administrative budget, including without limitation, the right to modify, amend, terminate or challenge any obligation listed on the ROPS 17 -18 or the administrative budget. NOW, THEREFORE, BE IT RESOLVED BY THE PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY PURSUANT TO HEALTH AND SAFETY CODE 34171(1), that the Petaluma Community Development Successor Agency hereby: 1. Finds that the Recitals set forth above are true and correct, and are incorporated herein by reference. 2. Approves the Recognized Obligation Payment Schedule for the July 1, 2017 - June 30, 2018 (ROPS 17 -18) and the administrative budget, attached hereto as Exhibit A & B, pursuant to Health and Safety Code section 34177(1), subject to all reservations of rights and contingencies set forth above. 3. Authorizes and directs the Executive Director or his designee to take all actions necessary to implement this Resolution, including without limitation, the submission of the draft ROPS 17 -18 simultaneously to the Oversight Board for the PCDSA, the Sonoma County Administrative Officer, the Sonoma County Auditor - Controller, and the State Department of Finance; and the posting of this Resolution and the Recognized Obligation Payment Schedule 17 -18 on the Successor Agency's website. 4. Declares that if any provision, sentence, clause, section, or part of this Resolution is found to be unconstitutional, illegal or invalid, such finding:shall affect only such provision, sentence, clause, section or part, and shall not affect or impair any of the remainder. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as tc Petaluma Community Development Successor Agency at a Regular Meeting on the form 9th of January, 2017, by the following vote: { l AYES: Albertson, Barrett, Glass, Healy, Kearney, King, Miller General Counsel NOES: None ABSENT: None ABSTAIN: None ATTEST: -� f Recording Secretary I chair PCDSA Resolution No. 2017 -01 Page 2