RESOLUTION NO. 2023-12-XX
A RESOLUTION OF THE CITY COUNCIL AS SUCCESSOR AGENCY OF THE CITY OF SIGNAL HILL, CALIFORNIA, ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) FY 24-25AB PURSUANT TO HEALTH AND SAFETY CODE §34177 AND TRANSMITTING THE ROPS FY 24-25AB TO THE LOS ANGELES COUNTY 4TH SUPERVISORIAL DISTRICT CONSOLIDATED OVERSIGHT BOARD FOR ITS REVIEW AND APPROVAL WHEREAS, the City of Signal Hill is a municipal corporation and a charter city organized and existing under the Constitution of the State of California (“City”); and WHEREAS, the Signal Hill Community Redevelopment Agency (“Redevelopment Agency”) is a public body, corporate and political, organized and existing under the California Community Redevelopment Law (Health & Safety Code §33000 et seq.); and WHEREAS, on December 29, 2011, the California Supreme Court issued its opinion in the case California Redevelopment Association, et al. v. Ana Matosantos, etc., et al., Case No. S196861, and upheld the validity of Assembly Bill 1x 26 (“AB1x 26”); and WHEREAS, the Court’s decision resulted in the implementation of AB1x 26 which dissolves all the redevelopment agencies in the State of California as of February 1, 2012; and WHEREAS, the City Council as Successor Agency was established for purposes of assisting with winding-down the Redevelopment Agency under AB1x 26; and WHEREAS, Health and Safety Code Section §34177(o)(1), requires Successor Agencies to submit an Oversight Board approved Recognized Obligation Payment Schedule (ROPS) on an annual basis; and NOW, THEREFORE, the City Council as Successor Agency resolves as follows:
Section 1. The foregoing Recitals are true and correct and are incorporated herein.
Section 2. The ROPS, attached hereto and incorporated herein by reference as Exhibit “A”, is hereby adopted pursuant to Health & Safety Code Section §34177.
Section 3. The Chief Administrative Officer of the Successor Agency or designee is hereby directed to forward this resolution along with the ROPS covering July 1, 2024 to June 30, 2025 called ROPS FY 24-25AB to the Los Angeles County 4th Supervisorial District Consolidated Oversight Board for its review and approval.
PASSED, APPROVED, AND ADOPTED this 12th day of December 2023. ________________________________
CHAIR
ATTEST:
___________________________
KIMBERLY BOLES
SECRETARY
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )ss.
CITY OF SIGNAL HILL )
I, KIMBERLY BOLES, Secretary of the Successor Agency of the City of Signal Hill, California, hereby certify that Resolution No. 2022-12-XX was adopted by the City Council as Successor Agency at a regular meeting held on the 12th day of December 2023 and that the same was adopted by the following vote:
AYES:
NOES:
ABSENT:
ABSTAIN:
__________________________
KIMBERLY BOLES
SECRETARY
Resolution No. 2023-12-XX
December 12, 2023
Resolution No. 2023-12-XX
December 12, 2023