NVF:KWF:JMD
5/26/2023
1 T-23776.002 \ 2025698
Council Agenda: 06-06-2023
Item No.: 9.1(b)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
SUCCESSOR AGENCY
RESOLUTION NO. ______________
A RESOLUTION OF THE S UCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE CITY OF SAN
JOSE APPROVING THE REC OGNIZED OBLIGATION
PAYMENT SCHEDULE 2023-24 AND AUTHORIZING
PAYMENT OF EXPENDITURES FOR ITEMS ON ROPS
2023-24, WHICH DETAILS THE OBLIGATIONS OF THE
SUCCESSOR AGENCY FOR THE PERIOD OF JULY 1,
2023 THROUGH JUNE 30, 2024
WHEREAS, pursuant to Redevelopment Dissolution Law, the Successor Agency to the Redevelopment Agency of the City of San José (“Successor Agency”) is required to submit a Recognized Obligation Payment Schedule (“ROPS”) to the State Department of Finance (“DOF”) for approval every fiscal year; and
WHEREAS, Successor Agency staff has prepared a ROPS for the period of July 1, 2023 through June 30, 2024 (“ROPS 23-24”); and
WHEREAS, the County Auditor-Controller (“CAC”) is authorized, but not required, to review the ROPS and transmit objections to any items not demonstrated to be enforceable obligations to the Successor Agency, County Board, and the DOF; and
WHEREAS, on January 13, 2023, the CAC sent via email a Notice of No Objection to the ROPS 23-24, as detailed in the letter from CAC; and
WHEREAS, on March 24, 2023, the DOF released its final determination of enforceable obligations listed on the ROPS 23-24 and approval of Redevelopment Property Tax Trust Fund (“RPTTF”) funding; and
NVF:KWF:JMD
5/26/2023
2 T-23776.002 \ 2025698
Council Agenda: 06-06-2023
Item No.: 9.1(b)
DRAFT--Contact the Office of the City Clerk at (408)535-1260 or [email protected] for final document.
WHEREAS, pursuant to Redevelopment Dissolution Law, not more than once per ROPS period, a successor agency may submit an amendment to the current ROPS approved by DOF;
NOW, THEREFORE, BE IT RESOLVED BY THE SUCCESSOR AGENCY TO THE REDEVELOPMENT AGENCY OF THE CITY OF SAN JOSE that:
The Recognized Obligation Payment Schedule 23-24, as attached hereto, and authorizes payment of expenditures for items on ROPS 23-24, which details the obligations of the Successor Agency for the period of July 1, 2023 through June 30, 2024 is hereby approved.
ADOPTED this _____ day of ___________, 2023, by the following vote:
AYES:
NOES:
ABSENT:
DISQUALIFIED:
MATT MAHAN
Chairperson
ATTEST:
TONI J. TABER, CMC
Secretar
y