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HomeMy WebLinkAboutStaff Report 3.E 05/07/2012 A macaw Itetwv#3 .E 4c is.LU a .�° ,, t w Igys DATE: May 7, 2012 TO: Honorable Mayor and Council Members through the City Manager FROM: Sue Castellucci, Housing Coordinator C SUBJECT: Resolution.o'fthe City Council acting as the Successor Agency to the Former Petaluma Community,Development Commission Approving a July 1, 2012 through December 31, 2012 Recognized Obligation Payment Schedule Pursuant to Health and Safety Code Section 31477. RECOMMENDATION It is recommended that the City Council acting as Successor Agency adopt the attached Resolution approving the July I, 2012 through December 31, 2012 Recognized Obligation Payment Schedule (ROPS#2) Pursuant to Health and Safety Code Section 34177. 1 BACKGROUND As part of the Petaluma Community Development Commission dissolution, the City Council has assumed the role of Successor Agency and is obligated to make payments according to the Recognized Obligation Payment Schedule that has been approved by the Oversight Board to the Successor Agency of the former Petaluma Community Development Commission. DISCUSSION On April 16, 2012, the City Council acting as Successor Agency approved the Recognized Obligation Payment Schedule (`'ROPS#1") for the period January through June, 2012 and it was posted on the Successor Agency's webpage. Attached is the ROPS#2 for the period July, 2012 through December, 2012 which will be presented to the Oversight Board for approval at its meeting on May 11,:2012. FINANCIAL.IMPACTS Until the ROPS is,certitied by the County's external auditor and the certified ROPS is approved by the Oversight Board, the obligations that are listed on the Enforceable Obligation Payment Schedule approved by the City Council on February 6, 2012 will continue to be paid. ATTACHMENTS 1, Resolution,Approving a.Recognized Obligation Payment Schedule #2 2. Recognized Obligation Payment Schedule #2 Agenda Review: City Attorney Finance Director City Manag - ATTACHMENT#1 City of Petaluma RESOLUTION NO. A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PETALUMA, ACTING AS SUCCESSOR AGENCY TO THE FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION PURSUANT TO HEALTH AND SAFETY CODE SECTION 34171(j), ADOPTING AJULY 1, 2012 THROUGH DECEMBER 31, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE ("ROPS#2") PURSUANT TO HEALTH AND SAFETY CODE SECTION34177 (I) WHEREAS, pursuant to Health and Safety Code Section 34171(j) and Resolution No. 2012-007 N.C.S. adopted January 9, 2012, the City Council Of the City of Petaluma ("City") is the successor agency ("Successor Agency") to the former Petaluma Community Development Commission ("PCDC"), which was dissolved as of February 1, 2012; and WHEREAS, the liability of the City acting as Successor Agency is limited pursuant to Health and Safety Code Section 34173(e) and other applicable law; and WHEREAS,pursuant to Health and Safety Code Section 34169(g), on August 24, 2011, the PCDC adopted an Enforceable Obligation Payment Schedule ("FOPS") listing enforceable obligations within the meaning of subdivision (d) of Section 34167 of the CRL, through December 31, 2011; and WHEREAS, by Resolution No. 2012-03 adopted on January 23, 2012, the PCDC amended the FOPS to list enforceable obligations through June 30, 2012;and WHEREAS, by Resolution No. 2012-018 N.C.S. adopted on February 6, 2012, the City Council as Successor Agency to the former PCDC Commission amended the FOPS to include additional enforceable obligations for which payments must be made pending approval of the ROPS; and WHEREAS, by Resolution No. 2012-XXX N.C.S. adopted on April 16, 2012, the City Council as Successor Agency to the former PCDC Commission a Recognized Obligation Payment Schedule ("ROPS#1"); and WHEREAS, in adopting BOPS#2, the City Council as Successor Agency will comply with all applicable posting and notification requirements, including by posting the ROPS#2 on the Successor Agency's website and providing notification to the Department of Finance, the State Controller's Office, and the Sonoma County Auditor-Controller; and Page 2 WHEREAS, a draft ROPS#2 for the period July through December, 2012, , a copy of which is attached, has been presented to the,City, the.City is familiar with the contents thereof, and the City Manager has recommended approval of the draft ROPS#2, subject to the contingencies and reservation of rights set forth in this Resolution; and WHEREAS, the City as the Successor Agency reserves the right to challenge the legality of Assembly Bill xl 26 and/or any implementing regulations, to at.a later time rescind its acceptance of Successor Agency rights and obligations, and reserves any and all rights concerning Assembly Bill xl 26 pursuant to applicable.law;.and WHEREAS, the City as the Successor Agency reserves the right to further amend the ROPS ; and WHEREAS, in adopting the ROPS#2, the City as Successor Agency does not intend to waive, nor shall the City be deemed to have waived any rights the City or its successor may have pursuant to or in connection with any obligation listed on the ROPS, including without limitation, the right to modify, amend, terminate or challenge:any obligation listed on the ROPS. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF .PETALUMA, ACTING AS SUCCESSOR AGENCY TO THE FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION PURSUANT TO HEALTH AND SAFETY CODE 34171(j), that the City Council 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 period July through December, 2012 (ROPS#2), attached hereto, pursuant to Health and Safety Code section 341770), subject to all reservations of rights and contingencies set forth above. 3. Authorizes and directs the City Manager or designee to take all actions necessary to implement Resolution, including without limitation, the submission of the ROPS to the Oversight Board.for the Successor Agency, the posting of this Resolution and the Recognized Obligation Payment Schedule on the Successor Agency's website, and the provision of notice of adoption of this Resolution and the ROPS to the County Auditor-Controller, the State Controller and the State Department of Finance. 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 remaining parts. 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