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HomeMy WebLinkAboutSA RESO 2012-11RESOLUTION NO. 2012 — 11 RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION AS THE NATIONAL CITY REDEVELOPMENT AGENCY ADOPTING THE RECONSIDERD AND AMENDED MAY 29, 2012 RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JANUARY 1, 2012 THROUGH JUNE 30, 2012 WHEREAS, AB 1X 26 ("AB 26") and AB 1X 27 ("AB 27") were signed by the Governor of California on June 28, 2011, making certain changes to the Redevelopment Law, including adding Part 1.8 (commencing with Section 34161) and Part 1.85 (commencing with Section 34170) ("Part 1.85") to Division 24 of the California Health and Safety Code ("Health and Safety Code"); and WHEREAS, the California Redevelopment Association and League of California Cities filed a lawsuit in the Supreme Court of California (California Redevelopment Association, et al. v. Matosantos, et al., Case No. S194861) alleging that AB 26 and AB 27 were unconstitutional; and WHEREAS, on December 29, 2011, the Supreme Court issued its opinion in the Matosantos case largely upholding as constitutional AB 26, invalidating as unconstitutional AB 27, and holding that AB 26 may be severed from AB 27 and enforced independently; and WHEREAS, the Supreme Court generally reformed and revised the effective dates and deadlines for performance of obligations under Health and Safety Code Part 1.85 of AB 26 arising before May 1, 2012, to take effect four months later, while leaving the effective dates or deadlines for performance of obligations under Health and Safety Code Part 1.8 of AB 26 unchanged; and WHEREAS, as a result of the Supreme Court's decision, on February 1, 2012, all California redevelopment agencies were dissolved, successor agencies were established as successor agencies to the former redevelopment agencies pursuant to Health and Safety Code Section 34173, and successor agencies are tasked with paying, performing and enforcing the enforceable obligations of the former redevelopment agencies, and winding down the affairs of the former redevelopment agencies; and WHEREAS, the City Council adopted Resolution No. 2012-15 on January 10, 2012, pursuant to Part 1.85, electing for the City to serve as the successor agency to the Community Development Commission of the City of National City ("CDC") upon the dissolution of the Redevelopment Agency under AB 26 ("Successor Agency"); and WHEREAS, on March 6, 2012, the Successor Agency was established as a separate legal entity through the adoption of Successor Agency Resolution No. 2012-04; and WHEREAS, pursuant to Health and Safety Code Section 34177(I)(2)(A) of AB 26, the Successor Agency approved and adopted its first Recognized Obligation Payment Schedule ("ROPS 1") on February 21, 2012; and WHEREAS, in accordance with AB 26, the ROPS was prepared using the preliminary draft Initial ROPS 1 prepared and approved by the CDC on September 27, 2011, and as amended on January 24 and January 31, 2012, pursuant to Health and Safety Code Section 34169(h); and Resolution No. 2012 — 11 May 29, 2012 Page Two WHEREAS, according to Health and Safety Code Section 34177(I)(1) of AB 26, for each recognized obligation, the ROPS 1 shall identify one or more of the following sources of payment: (i) Low and Moderate Income Housing Funds, (ii) bond proceeds, (iii) reserve balances, (iv) administrative cost allowance, and (v) the Redevelopment Property Tax Trust Fund, but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation or by the provision of Part 1.85 of AB 26; and WHEREAS, according to Health and Safety Code Section 34177(I)(2)(A) of AB 26, from February 1, 2012 to July 1, 2012, the initial draft of the ROPS 1 shall project the dates and amounts of scheduled payments for each enforceable obligation for the remainder of the time period during which the redevelopment agency would have been authorized to obligate property tax increment had such a redevelopment agency not been dissolved; and WHEREAS, once approved by the Successor Agency, the ROPS 1 shall thereafter be reviewed and certified by the County Auditor/Controller, through the use of an external auditor, and submitted to the Oversight Board for review and approval. A copy of the approved ROPS 1 shall be submitted to the County Auditor/Controller and both the Controller's office and the Department of Finance, and shall be posted on the Successor Agency's internet website. The first ROPS 1 was submitted to the Controller's Office and the Department of Finance by April 15, 2012; and WHEREAS, the Successor Agency approved the ROPS 1 on February 21, 2012, and as amended on April 2, 2012; and WHEREAS, the ROPS 1 was submitted to the Oversight Board for approval on April 10, 2012, but action was not taken at that time. The Oversight Board asked the item be brought back before them at their next meeting, held on May 2, 2012; and WHEREAS, the Oversight Board approved the ROPS 1 at their meeting held on May 2, 2012; and WHEREAS, the ROPS 1 was forwarded to the County Auditor, State Controller and Department of Finance on May 3, 2012; WHEREAS, on May 8, 2012, the Department of Finance informed the Successor Agency that it was reviewing the ROPS 1 and thereafter on May 18, 2012, sent a letter to the Successor Agency stating certain items were not enforceable obligations, thus the ROPS 1 was being returned for reconsideration; and WHEREAS, on May 22, 2012, staff presented to the Successor Agency recommendations in response to the DOF letter of May 18, 2012; and WHEREAS, after May 22, 2012, an error was discovered on ROPS 1 regarding Items 85 and 86 in that the Sewer Loan for Item 86 in the amount of $420,000 was erroneously listed under Item 85 and such correction to these items has been made on the proposed amended ROPS 1; and Resolution No. 2012 — 11 May 29, 2012 Page Three WHEREAS, subsequent to the May 22, 2012, certain adjustments to dollar amounts related to Items 10 and 11 became apparent thus necessitating a return to the Successor Agency for further reconsideration of ROPS 1, and seeking approval of an amended ROPS 1; and WHEREAS, on May 29, 2012 the Successor Agency reconsidered the amended ROPS 1, as requested by the Department of Finance; and WHEREAS, Health and Safety Code Section 34177(a)(1) of AB 26 requires the Successor Agency to continue to make payments due for enforceable obligations and, from February 1, 2012 until a ROPS becomes operative, only payments required pursuant to the Enforceable Obligations Payment Schedule shall be made; and WHEREAS, pursuant to Health and Safety Code Section 34177(a)(3), commencing on May 1, 2012, only payments listed in the ROPS may be made by the Successor Agency from the funds specified in the ROPS and, commencing May 1, 2012, the ROPS shall supersede the Statement of Indebtedness of the CDC; and WHEREAS, it is the intent of AB 26 that the ROPS serve as the designated reporting mechanism for disclosing the Successor Agency's bi-annual payment obligations by amount and source and, subsequent to the audit and approval of the ROPS as specified in AB 26, the County Auditor/Controller will be responsible for ensuring that the Successor Agency receives revenues sufficient to meet the requirements of the ROPS during each bi-annual period; and WHEREAS, notwithstanding the provisions of Health and Safety Code Section 34177(a)(1), agreements between the City and the CDC have been included in the ROPS 1 because, among other things, they have been validated by operation of law prior to the Governor's signature of AB 26 on June 28, 2011; and WHEREAS, the Successor Agency, now having reconsidered the ROPS 1, desires to amend the ROPS 1, subject to the contingencies and reservations set forth herein; and WHEREAS, the Successor Agency's proposed amended ROPS 1, which is consistent with the requirements of the Health and Safety Code and other applicable law, is attached to this Resolution as Exhibit "A"; and WHEREAS, this Resolution has been reviewed with respect to applicability of the California Environmental Quality Act ("CEQA"), the State CEQA Guidelines (California Code of Regulations, Title 14, Sections 15000 et seq., hereafter the "Guidelines"), and the City's environmental guidelines; and WHEREAS, this Resolution is not a "project" for purposes of CEQA, as that term is defined by Guidelines section 15378, because this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per section 15378(b)(5) of the Guidelines; and Resolution No. 2012 — 11 May 29, 2012 Page Four WHEREAS, all of the prerequisites with respect to the approval of this Resolution have been met. NOW, THEREFORE, BE IT RESOLVED by the Board of the Successor Agency to the Community Development Commission as the National City Redevelopment Agency, as follows: Section 1. The foregoing recitals are true and correct, and are a substantive part of this Resolution. Section 2. The adoption of this Resolution is not intended to and shall not constitute a waiver by the Successor Agency of any rights the Successor Agency may have to challenge the effectiveness and/or legality of all or any portion of AB 26 through administrative or judicial proceedings. Section 3. The Successor Agency's Amended ROPS 1, which is attached hereto as Exhibit "A", is approved and adopted. Section 4. The Executive Director, or designee, is hereby authorized and directed to: (i) provide the Amended ROPS 1 to the Oversight Board; and (ii) take such other actions and execute such other documents as are necessary to effectuate the intent of this Resolution on behalf of the Successor Agency. Section 5. The Successor Agency determines that this Resolution is not a "project" for purposes of CEQA, as that term is defined by Guidelines section 15378, because this Resolution is an organizational or administrative activity that will not result in a direct or indirect physical change in the environment, per section 15378(b)(5) of the Guidelines. Section 6. This Resolution shall take effect upon the date of its adoption. PASSED and ADOPTED this 29th day of May, 2 n Morrison, Chairman ATTEST: /+ /Z /J/r,& - Michael R. 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N VF VY ah v1 Vi N — Vl N N - VY N - N Vf N Vf N m m ^ m N o O o O a N o O 0 O 0 O o O a O O O O O o O 0 O 0 O 0 O 0 O 0 O o O m O H `O N O O ri rl N1 O O O OO m Q C � N N n a � O O 0 r c E o a p v y y v o p m m N V1 c3 of C 6 C C C C C N W W W W VI N O 0 0 0 A A N T N E A A A V p u C C (p O O o O O O O a ¢ O a c w E c y c o > A � l'OJ c Oo `v c� A IS O C y R O W J L C A O L m VI A J (L VI U Y V) O U m U 9 G V G O O W N m N W N N W N N m EO N N ✓1 V1 ✓1 N V1 Vi �^ N N �n v� vi N Q N VI W 4 m N O m m GO a e0 eo ee O O O O O O O W 00 00 Q a0 al C U vai U U V V U U V V U V V V V V a Q U H !- iF •^ •l Oji `D r m Ol V n N d Vl N r W Ot Passed and adopted by the Successor Agency to the Community Development Commission as the Redevelopment Agency of the City of National City, California, on May 29, 2012 by the following vote, to -wit: Ayes: Boardmembers Morrison, Natividad, Rios, Sotelo-Solis, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: RON MORRISON Chairman of the Successor Agency to the Community Development Commission as the Redevelopment Agency of the City of National City, California By: 1-1t'14L11jf"A City Clerk Sekving as Secretary to the Successor Agency Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2012-11 of the Successor Agency to the Community Development Commission as the Redevelopment Agency of the City of National City, California, passed and adopted on May 29, 2012. City Clerk Serving as Secretary to the Successor Agency By: Deputy