HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT
MEETING DATE: January 24, 2012
AGENDA ITEM NO.
ITEM TITLE:
Ikq resolution of the Community Development Commission of the City of National City adopting the
Enforceable Obligations Payment Schedule for the time period of January 1, 2012 through June 30,
2012..1
PREPARED BY: Colby Young C`-f DEPARTMENT: R
PHONE: x4297 ((
APPROVED BY:
ment/Special Projects
EXPLANATION:
The 2011 Califomia Redevelopment Legislation (AB X1 26) was 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
an Enforceable Obligations Payment Schedule showing required payments through December 31,
2011. As part of the recent Califomia Supreme Court ruling upholding AB X1 26, certain dates and
deadlines for performance of obligations were affected. As a result, the CDC now seeks to adopt an
Enforceable Obligations Payment Schedule for the time period of January 1, 2012 through the end of
June 2012. The CDC first approved an Enforceable Obligations Payment Schedule on August 24, 2011
and amended it subsequently in September, October, and November, for the time period of August
through December 2011, to remain current with contractual obligations. This proposed January
Enforceable Obligations Payment Schedule includes all payees and payment amounts necessary to
fulfill all CDC obligations for the time period of January 1, 2012 through June 30, 2012.
FINANCIAL STATEMENT:
ACCOUNT NO.
ENVIRONMENTAL REVIEW: Not applicable
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
APPROVED: Finance
STAFF RECOMMENDATION:
'Adopt the resolution
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. Proposed Amended Enforceable Obligations Payment Schedule