HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COMMUNITY DEVELOPMENT COMMISSION AGENDA STATEMENT
MEETING DATE: January 24, 2012
AGENDA ITEM NO.
ITEM TITLE:
[A resolution of the Community Development Commission of the City of National City adopting the
January 24, 2012 amendment to the Enforceable Obligations Payment Schedule last amended
November 15, 2011.1
PREPARED BY: Colby Young ey
PHONE: x4297
EXPLANATION:
�fhe 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 Enforceable Obligations Payment Schedule showing required payments through December 31,
2011. The CDC first approved its Enforceable Obligations Payment Schedule on August 24, 2011 and
amended it subsequently in September, October, and November to remain current with contractual
obligations. The attached Enforceable Obligations Payment Schedule amends the Enforceable
Obligations Payment Schedule approved by City Council on November 15, 2011.
DEPARTMENT: R- e : _ . pment/S • - al Projects
APPROVED
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