PREPARED BY: J. KELLY SESSIONS DATE OF MEETING: 01/22/19
SUBJECT:
TITLE
RESOLUTION OF THE LOCAL SUCCESSOR AGENCY OF THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF SAN PABLO APPROVING AN ADMINISTRATIVE BUDGET AND ADOPTING THE RECOGNIZED OBLIGATIONS PAYMENT SCHEDULE FOR FISCAL YEAR 2019-20 ("ROPS 19-20")
Label
CITY MANAGER RECOMMENDATION
Recommendation
Adopt Resolution
BODY
COMPLIANCE STATEMENTS
Implementation of Long-Range Property Management Program (City Manager, Economic Development) and Budget Spending Controls (All) are adopted policy items under the adopted FY 2018-21 City Council Priority Workplan, effective November 1, 2017.
CEQA Compliance Statement
This is not a project as defined by CEQA.
BACKGROUND
The San Pablo Local Successor Agency ("LSA") is responsible for winding down the activities of the former Redevelopment Agency of the City of San Pablo (the "former Redevelopment Agency") pursuant to the requirements of Part 1.85 of Division 24 of the California Health and Safety Code (Health and Safety Code Section 34170 et seq.; the "Dissolution Act").
Section 34177(o) of the Dissolution Act requires the LSA to adopt an annual ROPS each fiscal year, which is then presented to the Countywide Oversight Board. The ROPS functions as the LSA's claim for tax increment, and general authorization, to pay enforceable obligations. The ROPS lists the outstanding obligations of the former Redevelopment Agency and the funding source for each obligation. The LSA may only pay, and will only be allocated tax increment by the County Auditor-Controller, for payments of obligations listed on the ROPS. Obligations that will be funded by other sources, such as existing fund balances, must also be listed on the ROPS.
The San Pablo LSA's ROPS 19-20 is attached to the resolution accompanying this staff report.
Administrative Cost Allowance and Administrative Budget
Pursuant to Section 34171(b), the LSA is to receive an administrative cost allowance ("AC...
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