OSB 13-005 RESOLUTION NO. OSB 13-005
A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY
OF THE POWAY REDEVELOPMENT AGENCY APPROVING THE
RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) AND THE
ADMINISTRATIVE BUDGET
FOR THE PERIOD FROM JANUARY 1, 2014 THROUGH JUNE 30, 2014
WHEREAS, Assembly Bill (AB) X1 26 requires the Oversight Board to review and
certify the Recognized Obligation Payment Schedule (ROPS) for every six month period,
beginning January 1, 2012; and
WHEREAS, AB 1484 requires the ROPS for January through June 2014 be
approved by the Oversight Board and submitted by October 1, 2013; and
WHEREAS, AB 1484 requires that all actions taken by the Oversight Board be
adopted by resolution (Health and Safety Code § 34179(e)); and
WHEREAS, "Exhibit A" attached hereto and incorporated by reference herein is the
fifth ROPS and covers the period from January 1, 2014 through June 30, 2014; and
WHEREAS, in accordance with Health and Safety Code Sections 34171(b) and
34183(a)(3), Successor Agency staff prepared an administrative budget for the six-month
fiscal period commencing January 1, 2014, and continuing through June 30, 2014 (the "FY
13-14B Administrative Budget") "Exhibit B"; and
WHEREAS, AB 1484 requires that the FY 13-14B Administrative Budget must be
submitted by the Successor Agency to the Oversight Board for the Oversight Board's
approval.
NOW, THEREFORE, BE IT RESOLVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency as follows:
Section 1. The ROPS for the period of January 1, 2014 through June 30, 2014 is
hereby adopted.
Section 2. The City Manager of the City of Poway, or designee, is authorized to submit
the ROPS to the appropriate State and County authorities, and to post it on the City of
Poway website, in accordance with the requirements of AB 1484.
Section 3. The Oversight Board hereby approves the FY 13-14B Administrative Budget
in the form on file with the secretary of the Oversight Board (the "Approved FY 13-14B
Administrative Budget"), and authorizes the Successor Agency to incur costs for the
general administrative activities and functions described in the Approved FY 13-14B
Administrative Budget.
Section 4. The Oversight Board finds that the Approved FY 13-14B Administrative
Budget supports an Administrative Cost Allowance to the Successor Agency in the
Resolution No. OSB 13-005
Page 2
minimum authorized amount of$372,769 for the six-month period of January through June
2014.
Section 5. The Successor Agency is authorized and directed to enter into any
agreements and amendments to agreements necessary to memorialize and implement the
agreements and obligations in the Approved FY 13-14B Administrative Budget and herein
approved by the Oversight Board.
Section 6. The Oversight Board hereby authorizes and directs the Successor Agency
staff to take all actions necessary under AB 1484 to file, post, mail or otherwise deliver via
electronic mail, internet posting, and/or hardcopy, all notices and transmittals necessary or
convenient in connection with the approval of the Approved FY 13-14B Administrative
Budget and to take any other actions necessary to ensure the validity of the Approved FY
13-14B Administrative Budget and the validity of any expenditures listed thereon.
PASSED, ADOPTED AND APPROVED by the Oversight Board to the Successor
Agency of the Poway Redevelopment Agency at a meeting thereof this 25th day of
September 2013.
����
Bruce Tarzy, C air
ATTEST:
. � �
Sheila . Cobian, CMC, Secretary
Successor Agency of the Poway Redevelopment Agency
Attachments:
Exhibit A— ROPS 13-14B for the period of January 1, 2014 through June 30, 2014
Exhibit B — FY 13-14B Administrative Budget for the period of January 1 , 2014
through June 30, 2014
Resolution No. OSB 13-005
Page 3
STATE OF CALIFORNIA )
) ss.
COUNTY OF SAN DIEGO )
I, Sheila R. Cobian, Secretary of the Successor Agency of the Poway Redevelopment
Agency, do hereby certify under penalty of perjury that the foregoing Resolution No. OSB
13-005 was duly adopted by the Oversight Board to the Successor Agency of the Poway
Redevelopment Agency at a meeting of said Board held on the 25th day of September
2013, and that it was so adopted by the following Vote:
AYES: FONG-SAKAI, LADERMAN, LYON, SCOTT, TAM, THOLANDI, TARZY
NOES: NONE
ABSENT: NONE
DISQUALIFIED: NONE
���� ���
Sheila R. Cobian, CMC, Secretary
Successor Agency of the Poway Redevelopment Agency