File #: CONS 18-844   
Section: Consent Status: Agenda Ready
Meeting Body: City Council
Agenda Date: 12/18/2018 Final action:
Subject: Approval of the Annual Recognized Obligation Payment Schedule for the Period July 1, 2019 to June 30, 2020 and the Successor Agency Administrative Budget for the Period July 1, 2019 to June 30, 2020
Indexes: Redevelopment Successor Agency
Attachments: 1. Attachment I Staff Report, 2. Attachment II Redevelopment Successor Agency Resolution, 3. Attachment III ROPS 2019-2020, 4. Attachment IV Administrative Budget
Related files: CONS 18-051, ACT 18-005, CONS 16-020, CONS 17-046, ACT 17-011, CONS 16-019

DATE:      December 18, 2018

 

TO:           Mayor and City Council

 

FROM:     City Manager

 

SUBJECT                     

 

Title                      

Approval of the Annual Recognized Obligation Payment Schedule for the Period July 1, 2019 to June 30, 2020 and the Successor Agency Administrative Budget for the Period July 1, 2019 to June 30, 2020                      

                                                         

End
RECOMMENDATION

Recommendation

 

That the City Council, in its capacity as governing board to the Hayward Successor Agency, adopts the attached resolution (Attachment II) that approves the Recognized Obligation Payment Schedule (ROPS 18-19) for the period July 1, 2019 through June 30, 2020 and the Successor Agency Administrative Budget for the period July 1, 2019 through June 30, 2020 and authorizes staff to take other administrative actions and execute contracts and such other documents as are appropriate to effectuate the intent of the resolution and all actions necessary to effectuate associated requirements of Assembly Bill x1 26 and AB 1484 (collectively, the "Dissolution Statutes").

 

SUMMARY

 

Under the Redevelopment Dissolution Statutes, all California redevelopment agencies were dissolved effective February 1, 2012, and various actions are required by successor agencies to unwind the affairs of all former redevelopment agencies.

 

The Dissolution Statutes require that the Successor Agency prepare, and the Alameda County Oversight Board approve, a recognized obligation payment schedule (individually a "ROPS" and collectively, "ROPS's") setting forth for each twelve-month period all Enforceable Obligations (as defined in the Dissolution Act) of the Dissolved RDA. This item is for the approval of the ROPS 2019-2020 for the Hayward Successor Agency.

 

ATTACHMENTS

Attachment I                                          Staff Report

Attachment II                                          Resolution

Attachment III                     ROPS 19-20

Attachment IV                     Fiscal Year 2020 Administrative Budget