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DATE: September 10, 2012
TO: Honorable Chair and Members of the Petaluma Community Development
Successor Agency Board through Executive Director
FROM: Ingrid Alverde, Economic Development Manager
SUBJECT: Ratification of Successor Agency Resolutions,Establishing the Petaluma
Community Development Successor Agency Board, Operating Rules, and Budget
RECOMMENDATION
It is recommended that the Petaluma Community Development Successor Agency approve the
Resolution ratifying the Successor Agency actions taken on August 6, 2012 to establish a board
and operating rules and to approve its January- June 2013 budget (Attachment 1).
BACKGROUND
On August 6, 2012, the Petaluma City Council,established the Petaluma Community
Development Successor Agency (PCDSA). Subsequently, the PCDSA approved resolutions
establishing its operating procedures and budget.
DISCUSSION
To complete the newly formed PCDSA actions, the PCDSA must ratify the already approved
resolutions establishing its operating procedures and budget at a meeting where the PCDSA is
noticed as the governing body.
FINANCIAL IMPACTS
None
ATTACHMENTS
1. A Resolution of the Petaluma Community Development Successor Agency Ratifying
Actions Taken on August 6, 2012 to Form the Petaluma Community Development
Successor Agency„Establish its Operating Procedures, and App rove its Third Recognized
Obligation Payment Schedule (ROPS #3).
Agenda Revie
City Attorney Finance Director City ManHB ed
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Attachment 1
. PETALUMA COMMUNITY DEVELOPMENT
SUCCESSOR AGENCY
RESOLUTION NO. -2012
A RESOLUTION OF THE PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR
AGENCY RATIFYING ITS ACTIONS TAKEN ON AUGUST'6, 2012 TO FORM THE
PETALUMA COMMUNITY DEVELOPMENT. SUCCESSOR AGENCY, ESTABLISH
ITS OPERATING PROCEDURES, AND APPROVE ITS THIRD RECOGNIZED
OBLIGATION PAYMENT SCHEDULE (ROPS.#3)
WHEREAS, Assembly Bill ABx1 26 (ABxI 26) was enacted by the State Legislature and
signed by the Governor as of June 29, 2011; and
WHEREAS, ABx I dissolved redevelopment agencies; including the former Petaluma
Community Development.Commission (PCDC), effective February 1, 2012; and
WHEREAS, pursuant to California, Health and Safety Code § 34173(d), the City of Petaluma
elected to serve as the successor agency to the PCDC by City Council Resolution No. 2012-007
adopted on January 9, 2012, and has been serving in this capacity following PCDC dissolution
on February 1, 2012 and
WHEREAS, AB 1484, enacted on June 27, 2012, amended ABx1 26 to provide that successor
agencies are separate public entities'from their sponsoring cities; and
WHEREAS, on August 6, 2012, the City of Petaluma established and acknowledged the
"Petaluma Community Development Successor Agency" as the successor agency to the former
PCDC under ABxI 26, as amended, separate and distinct fro, the City of Petaluma, and to
provide for its governance.
WHEREAS, on August 6, 2012, the Petaluma Community Development Successor Agency
(Successor Agency) approved Resolution No. 2012-1 establishing Successor Agency operating
rules and procedures; and
WHEREAS, onAugust6,:2012,the Successor Agency approved Resolution No. 2012.2
approving the third Recognized Obligation Payment Scheduled(ROPS #3) to serve as the six-
month budget for the Successor Agency for the period January 1, 2012 through June 30, 2012;
and
WHEREAS, the Resolutions,approved by the Successor Agency on August 6, 2012 require
ratification by the Successor Agency at a meeting where the newly formed Successor Agency is
duly noticed on the meeting agenda.
NOW, THEREFORE, BE IT RESOLVED by the Petaluma Community Development
Successor Agency that it hereby:
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1. Ratifies Petaluma Community Development Successor Agency Resolutions No. 2012-1
and 2012-2.
It is hereby certified that the foregoing-Resolution:No, 2012- was duly introduced and
adopted by the Petaluma Community Development Successor Agency at a regular meeting held
on the 10th day of September, 2012, by the following vote:
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