2013-002 - Approving Recognized Obligation Payment Schedule 13-14ARESOLUTION 2013 -002
RESOLUTION OF THE SUCCESSOR AGENCY TO THE
REDEVELOPMENT AGENCY OF THE TOWN OF LOS GATOS
APPROVING RECOGNIZED OBLIGATION PAYMENT
SCHEDULE 13 -14A AND ADMINISTRATIVE BUDGET
RECITALS
WHEREAS, pursuant to the California Community Redevelopment Law (Health and
Safety Code Section 33000 et sec.; the "Redevelopment Law "), the Town Council (the "Town
Council ") of the Town of Los Gatos (the "Town ") adopted Ordinance No. 1882 on November 25,
1991, adopting the Redevelopment Plan for the Central Los Gatos Redevelopment Project Area
(the "Redevelopment Plan "), as amended from time to time; and
WHERAS, the Redevelopment Agency of the Town of Los Gatos (the "Agency ") is
responsible for implementing the Redevelopment Plan pursuant to the Redevelopment Law; and
WHEREAS, ABxl 26 (the "Dissolution Act ") was enacted on June 28, 2011; and
WHEREAS, AB 1484 enacted June 27, 2012, established requirements and revised
certain dates for performance of actions under the Dissolution Act; and
WHEREAS, pursuant to Health & Safety Code 34177(1), the Successor Agency to the
Town of Los Gatos Redevelopment Agency (the "Successor Agency ") must prepare a proposed
Recognized Obligation Payment Schedule ( "ROPS ") before each six -month fiscal period
(commencing each January 1 and July 1) and submit each proposed ROPS to the oversight board
for the Successor Agency (the "Oversight Board ") for approval; and,
WHEREAS, pursuant to Health and Safety Code Section 341770), the Successor
Agency to the Town of Los Gatos Redevelopment Agency (the "Successor Agency ") must
prepare a proposed administrative budget before each six -month fiscal period (commencing each
January 1 and July 1) and submit each proposed administrative budget to the oversight board for
the Successor Agency (the "Oversight Board ") for approval; and,
WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2)(B), at the same
time that the Successor Agency submits a ROPS to the Oversight Board for approval, the
Successor Agency must submit a copy of such ROPS to the State Department of Finance (the
"DOF "), the County administrative officer, and the County Auditor- Controller; and,
WHEREAS, pursuant to Health and Safety Code Section 34177(1)(2)(C) and (m), the
Successor Agency must (1) submit the Oversight Board - approved ROPS for the six -month fiscal
period from July 1, 2013 through December 31, 2013 ( "ROPS 13- 14A "), to the DOF, the Office
of the State Controller, and the County Auditor - Controller no later than March 1, 2013; and (2)
post a copy of the Oversight Board- approved ROPS 13 -14A on the Successor Agency's website;
and,
WHEREAS, under Title 14 of the California Code of Regulations, Section 15378(b)(4),
the approval of the Recognized Obligation Payment Schedule is exempt from the requirements
of the California Environmental Quality Act ( "CEQA ") in that it is not a project, but instead
consists of the continuation of an existing governmental funding mechanism for potential future
projects and programs, and does not commit funds to any specific project or program, because it
merely lists enforceable obligations previously entered into and approved by the Agency; and
WHEREAS, the Agency's board of directors (the "Agency Board ") has reviewed and
duly considered the Staff Report, the proposed ROPS 13 -14A and Administrative Budget, and
documents and other written evidence presented at the meeting.
NOW, THEREFORE, BE IT RESOLVED, that the Agency Board finds that the above
Recitals are true and correct and have served, together with the supporting documents, as the
basis for the findings and approvals set forth below.
BE IT FURTHER RESOLVED, that the Agency Board finds, under Title 14 of the
California Code of Regulations, Section 15378(b)(4), that this resolution is exempt from the
requirements of CEQA in that it is not a project.
BE IT FURTHER RESOLVED, that the Agency Board hereby approves and adopts the
Recognized Obligation Payment Schedule 13 -14A (July 1, 2013 to December 31, 2013),
Administrative Budget and True -Up for the period July 1, 2012 to December 31, 2012.
BE IT FURTHER RESOLVED, the Agency Board authorizes and directs the Agency's
Executive Director or the Executive Director's designee to take such other actions and execute
such other documents as are appropriate to effectuate the intent of this Resolution and to
implement ROPS 13 -14A on behalf of the Agency as required by State law.
BE IT FURTHER RESOLVED, that this Resolution shall take immediate effect upon
adoption.
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PASSED AND ADOPTED at a regular meeting of the Agency Board for the Successor Agency
of the Redevelopment Agency of the Town of Los Gatos held on the 4'h day of February, 2013
by the following vote:
AYES: Marcia Jensen, Steven Leonardis, Diane McNutt, Joe Pirzynski, and Mayor Barbara Spector
NAYS:
ABSENT:
ABSTAIN:
SI E
IR OF THE AGENCY BOARD FOR
REDEVELOPMENT AGENCY OF THE TOWN
OF LOS GATOS
ATTEST:
(%
'"
CLERIK ADMINISTRATOR/SECRETARY OF THE
AGENCY BOARD AND SUCCESSOR AGENCY
OF THE REDEVELOPMENT AGENCY OF THE
TOWN OF LOS GATOS
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