HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT
MEETING DATE: January 24, 2012
AGENDA ITEM NO.
ITEM TITLE:
kok resolution of the Community Development Commission of the City of National City adopting the
January 24, 2012 amendment to the Draft Initial Recognized Obligations Payment Schedule.
PREPARED BY: Colby Young Cy
PHONE: x4297
DEPARTMENT: Re ent/Special Projects
APPROVED BY:
EXPLANATION:
(The 2011 California 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 Initial Recognized Obligations Payment Schedule showing required payments from January -June,
2012. The CDC approved its Draft Initial Recognized Obligations Payment Schedule on September 27,
2011. The attached schedule updates the Draft Initial Recognized Obligations Payment Schedule to
include all payees and payment amounts necessary to fulfill all CDC obligations.
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 Draft Initial Recognized Obligations Payment Schedule