SUCCESSOR AGENCY RESOLUTION NO. 23-XX
A RESOLUTION OF THE SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FY 2023-24 FOR THE ANNUAL fiscal period of July 1, 2023 to June 30, 2024, SUBJECT TO SUBMITTAL TO, AND REVIEW BY THE ORANGE COUNTYWIDE OVERSIGHT BOARD AND THE STATE OF CALIFORNIA, DEPARTMENT OF FINANCE UNDER CALIFORNIA HEALTH AND SAFETY CODE, DIVISION 24, PART 1.85; AND, AUTHORIZING THE POSTING AND TRANSMITTAL THEREOF WHEREAS, the former Costa Mesa Redevelopment Agency (“Former Agency”) was established as a redevelopment agency which was previously organized and existing under the California Community Redevelopment Law, Health and Safety Code Section 33000, et seq., and previously authorized to transact business and exercise powers of a redevelopment agency pursuant to action of the City Council of the City of Costa Mesa (“City”); and WHEREAS, Assembly Bill x1 26 added Parts 1.8 and 1.85 to Division 24 of the California Health and Safety Code, which caused the dissolution of all redevelopment agencies and winding down of the affairs of former agencies, including as such laws were amended by Assembly Bill 1484 and by other subsequent legislation (together, as amended, the “Dissolution Law”); and WHEREAS, as of February 1, 2012 the Former Agency was dissolved under the Dissolution Law, and as a separate public entity, the Successor Agency to the Costa Mesa Redevelopment Agency (“Successor Agency”) administers the enforceable obligations of the former Agency and otherwise dissolves the former Agency’s affairs, all subject to the review and approval by a seven-member oversight board; and WHEREAS, under Section 34179(j) of the Dissolution Law, in every California county there shall be one oversight board that is staffed by the county’s auditor-controller; and WHEREAS, the applicable consolidated oversight board overseeing this Successor Agency is called the Orange Countywide Oversight Board (“Oversight Board”); and WHEREAS, every oversight board, both the prior local oversight board and the Oversight Board, has fiduciary responsibilities to the holders of enforceable obligations and to the taxing entities that benefit from distributions of property tax and other revenues pursuant to Section 34188 of the Dissolution Law; and WHEREAS, Sections 34177(m), 34177(o) and 34179 provide that each ROPS is submitted to, reviewed and approved by the Successor Agency and then reviewed and approved by the Oversight Board before final review and approval by the State of California, Department of Finance (“DOF”); and WHEREAS, Section 34177(o) of the Dissolution Law requires that the annual ROPS for the 2023-24 A-B fiscal period of July 1, 2023 to June 30, 2024 (“ROPS FY 2023-24”) shall be submitted to the DOF by the Successor Agency, after approval by the Oversight Board, no later than February 1, 2023; and WHEREAS, the ROPS FY 2023-24, in the form required by DOF, is attached as Exhibit A and fully incorporated by this reference; and WHEREAS, the Successor Agency has reviewed the ROPS FY 2023-24 and desires to approve this schedule and to authorize and direct the Successor Agency staff to transmit the ROPS FY 2023-24 to the Oversight Board, with copies to the Orange County Administrative Officer (“CAO”), Orange County Auditor-Controller (“CAC”), the State Controller’s Office (“SCO”) and DOF as required by Dissolution Law; and WHEREAS, the Successor Agency shall post the ROPS FY 2023-24 on the City/Successor Agency website www.costamesaca.gov.
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO THE COSTA MESA REDEVELOPMENT AGENCY:
The foregoing recitals are incorporated into this Resolution by this reference, and constitute a material part of this Resolution.
The Successor Agency approves ROPS FY 2023-24 submitted herewith as Attachment 1, under the requirements of the Dissolution Law; provided however, that the ROPS FY 2023-24 is approved subject to the condition such ROPS FY 2023-24 is to be transmitted to the Oversight Board for review and approval and a copy of such ROPS FY 2023-24 shall concurrently be sent to the CAO, CAC, SCO, and DOF. Further, the Finance Director (and her authorized designee), in consultation with legal counsel, shall be authorized to request and complete meet and confer session(s), if any, with the DOF and authorized to make augmentations, modifications, additions or revisions as may be necessary or directed by DOF.
After approval by the Oversight Board, the Successor Agency authorizes transmittal of the approved ROPS FY 2023-24 again to the CAC, SCO and DOF.
The Finance Director of the Successor Agency or her authorized designee is directed to post this Resolution, including the ROPS FY 2023-24, on the City/Successor Agency website (www.costamesaca.gov) under the Dissolution Law.
The Secretary of the Successor Agency shall certify to the adoption of this Resolution.
APPROVED AND ADOPTED this 17th day of January 2023.
John Stephens, Chair
Successor Agency to the Costa Mesa Redevelopment Agency (SEAL)
ATTEST:
Brenda Green, Secretary
Successor Agency to the Costa Mesa Redevelopment Agency
APPROVED AS TO FORM
_____________________________
Kimberly Hall Barlow,
Successor Agency Counsel
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss.
CITY OF COSTA MESA )
I, Brenda Green, Secretary of the Successor Agency to the Costa Mesa Redevelopment Agency, hereby certify that the foregoing resolution was duly adopted by the Successor Agency at a regular meeting held on the 17th day of January 2023, and that it was so adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
Brenda Green, Secretary
Successor Agency to the Costa Mesa Redevelopment Agency (SEAL)
EXHIBIT A
to Successor Agency Resolution No. 23-xx
RECOGNIZED OBLIGATION PAYMENT SCHEDULE FY 2023-24
FOR PERIOD JULY 1, 2023 TO JUNE 30, 2024
Attachment 1