HomeMy WebLinkAboutA200 ROPSCITY OF NATIONAL CITY, CALIFORNIA
COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT
MEETING DATE: September 27, 2011
AGENDA ITEM NO. I
ITEM TITLE:
[A resolution of the Community Development Commission of the City of National City adopting its Initial
Draft Recognized Obligations Payment Schedule..
PREPARED BY: Patricia Beard DEPARTMENT: Res ;jaw e _
APPROVED BY: i—
PHONE: 4255
ecial Projects
EXPLANATION:
[The 2011 California Redevelopment Legislation (AB X1 26 & 27) were approved by the State
Legislature on June 15, 2011 and signed into law by the Governor on June 28, 2011. This Legislation,
which provides for the statewide dissolution of redevelopment agencies, requires all agencies, including
the CDC, to file a Recognized Obligations Payment Schedule showing required payments from January
— June, 2012 by no later than September 30, 2011. The attached Initial Draft Recognized Obligations
Payment Schedule was prepared by staff in response to said requirement.
FINANCIAL STATEMENT: APPROVED:
ACCOUNT NO. Not applicable. Multiple accounts are impacted by this matter.
ENVIRONMENTAL REVIEW: Not applicable,
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
Finance
STAFF RECOMMENDATION: Adopt the resolution
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. Proposed Initial Draft Recognized Obligations Payment Schedule