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HomeMy WebLinkAboutOSB Resolution 2012-05 05/09/2012 Resolution No. 2012-05 Petaluma Oversight Board to the Successor Agency of the Former Petaluma Community Development Commission RESOLUTION OF THE OVERSIGHT BOARD FORMED PURSUANT TO HEALTH AND SAFETY CODE SECTION 34179 TO OVERSEE THE SUCCESSOR AGENCY FOR THE FORMER PETALUMA COMMUNITY DEVELOPMENT COMMISSION,APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND THE SUCCESSOR AGENCY ADMINISTRATIVE BUDGET FOR THE PERIOD ENDING DECEMBER 31, 2012. WHEREAS, on December 29, 2011, the California Supreme Court delivered its decision in California Redevelopment Association v. Matosantos, finding ABX1 26 (the "Dissolution Act") largely constitutional; and, WHEREAS, under ABx1 26 (the "Dissolution Act") and the California Supreme Court's decision in California Redevelopment Association v. Matosantos, all California redevelopment agencies, including the Petaluma Community Development Commission (the "former PCDC"), were dissolved on February 1, 2012; and, WHEREAS, on January 9, 2012 by Resolution No. 2012-007 N.C.S. the City Council elected that the City of Petaluma serve as the Successor Agency to the former PCDC, subject to all limitations, conditions and qualifications stated in that resolution; and, WHEREAS, under the Dissolution Act, the City in its capacity as Successor Agency must prepare a "Recognized Obligation Payment Schedule" ("ROPS") that enumerates the enforceable obligations and expenses of the Successor Agency for the six-month period ending June 30, 2012; and, WHEREAS, on April 16, 2012, the City Council approved the ROPS for the six-month period ending June 30, 2012 for the Successor Agency; and, WHEREAS, under the Dissolution Act, the ROPS must be approved by the Oversight Board to enable the City, acting as the Successor Agency, to continue to make payments on enforceable obligations of the former PCDC; and, WHEREAS, pursuant to the Dissolution Act, the duly-constituted Oversight Board for the Successor Agency met at a duly-noticed public meeting on April 25, 2012 to consider obligations listed on the ROPS, and consider approval of the ROPS; and, NOW, THEREFORE, BE IT RESOLVED that the Oversight Board, formed pursuant to California Health and Safety Code Section 34179 to oversee the Successor Agency for the former PCDC, hereby finds, resolves, and determines as follows: Resolution No. 2012-05 Page 1 1. The foregoing recitals are true and correct. 2. The Oversight Board hereby approves the ROPS#2 for the period July 1, 2012 through December 31, 2012, including the Successor Agency Administrative Budget, in the form presented to the Oversight Board and attached hereto as Attachment A, including the agreements and obligations described in the ROPS, and hereby determines that such agreements and obligations constitute "enforceable obligations" or "recognized obligations" for all purposes of the Dissolution Act. 3, The Oversight Board authorizes and directs the Successor Agency staff to take all actions necessary under the Dissolution Act to post the ROPS on the.Successor Agency website, transmit the ROPS to the Auditor-Controller of the County of Sonoma and to the State Controller and the State Department of Finance, and to take any other actions necessary to ensure the validity of the ROPS or the validity of any enforceable obligation or other agreement approved by the Oversight Board in this Resolution. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Petaluma Oversight Board to the Successor Agency of the Former Petaluma Community Development Commission at a Regular meeting on the 9th day of May, 2012.by the following vote: AYES: Duiven;Chair Healy: Herrington:Jolley:Vice Chair Rabbitt; Scharer NOES: None ABSENT: Davis ABSTAIN: None ^^ ATTEST: 011-042 LAJ 'J I Recording Secretary Chair Resolution No. 2012-05 Page 2 N N N N N N N j N -• co J > CO v 01 v A v N O in W U)A OD N v O vD CO J 6> 0 A W N r; : : -1 -I -I r m U c� 0 r O co A U w U A -I --4 A C) 0 0 x, T A v N N N N N W U v Z 3 T . 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