Title
Staff Report for a Resolution of the Successor Agency to the Redevelopment Agency of the City of San Leandro Adopting a Recognized Obligation Payment Schedule (ROPS) for the Period July 1, 2019 - June 30, 2020, Pursuant to California Health and Safety Code Section 34177(l)
Staffreport
RECOMMENDATIONS
Staff recommends that the City Council, acting as the governing board of the Successor Agency to the Redevelopment Agency of the City of San Leandro, adopt a Resolution approving a Recognized Obligation Payment Schedule for the period from July 1, 2019 through June 30, 2020.
BACKGROUND
Pursuant to Assembly Bill x1 26, on January 9, 2012, the City Council affirmed its decision to have the City serve as the Successor Agency to the former San Leandro Redevelopment Agency (Successor Agency). Assembly Bill 1484, passed by the State Legislature on June 27, 2012, modified AB x1 26 to clarify that successor agencies are separate legal entities from the city that formed the redevelopment agency. Under Senate Bill 107, passed by the State Legislature on September 11, 2015, the Successor Agency is obligated to prepare a Recognized Obligation Payment Schedule (ROPS) every fiscal year that lists all of the enforceable obligations payable during that twelve month period. The Successor Agency can only pay obligations that are listed on the ROPS and approved by the DOF.
Approval of the ROPS by the Successor Agency Oversight Board is also required prior to submission to the California Department of Finance (DOF). Under Health and Safety Code Section 34179(j), a single Countywide Oversight Board (Oversight Board) commenced as of July 1, 2018. If approved by the governing board of the Successor Agency, the San Leandro ROPS will be brought before the Alameda Countywide Oversight Board at its January 23, 2019 meeting. Approval of both the Successor Agency and Oversight Board is required in order to submit the ROPS to the California Department of Finance by February 1, 2019.
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