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Resolution - 2021-02RESOLUTION NO.2021-02 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER WEST COVINA REDEVELOPMENT AGENCY APPROVING AND AUTHORIZING THE TRANSMITTAL OF AN ADMINISTRATIVE BUDGET AND A RECOGNIZED OBLIGATION PAYMENT SCHEDULE (`BOPS") FOR THE PERIOD OF JULY 1, 2021 THROUGH JUNE 30, 2022 WHEREAS, pursuant to ABX 1 26, enacted on June 28, 2011, and as subsequently amended by AB 1484, SB 341, and SB 107 ("Dissolution Act"), the Redevelopment Agency to the City of West Covina was dissolved as of February 1, 2012, and the City of West Covina elected to serve as the Successor Agency to the former Redevelopment Agency to the City of West Covina; and WHEREAS, pursuant to Health and Safety Code section 34179(q), commencing on and after July 1, 2018, the County of Los Angeles, where more than 40 oversight boards were created by the Dissolution Act, has five consolidated oversight boards each encompassing the five supervisorial districts; WHEREAS, pursuant to Health and Safety Code section 34177 (o)(1), requires that the ROPS for the period from July 1, 2021 to June 30, 2022, shall be submitted after oversight board approval to the State of California Department of Finance and the Los Angeles County Auditor - Controller by February 1, 2021; and WHEREAS, the West Covina City Council, acting as Successor Agency to the former West Covina Redevelopment Agency, reserves the right to appeal any determination of the State of California Department of Finance or other entity regarding the propriety of this resolution as well as any frrture determinations; and WHEREAS, the West Covina City Council, acting as Successor Agency to the former West Covina Redevelopment Agency, intends to comply with the state -mandated obligations established hereunder; and WHEREAS, all other legal prerequisites to the adoption of this resolution have occurred. NOW, THEREFORE, BE IT RESOLVED by the West Covina City Council, acting as Successor Agency to the former West Covina Redevelopment Agency, as follows: SECTION 1. The foregoing recitals are incorporated into this Resolution by this reference, and constitute a material part of this Resolution. SECTION 2. The Recognized Obligation Payment Schedule ("ROPS") attached hereto as Exhibit "A" is approved and the Executive Director is authorized to submit the ROPS to the Oversight Board for approval and trausmit the same to the Los Angeles County Auditor - Controller, the California State Controller and the State of California Department of Finance in accordance with Health and Safety Code section 34177 subject to all reservations of rights and contingencies set forth above. SECTION 3. The Administrative Budget for the Successor Agency for the annual period of July 1, 2021 — June 30, 2022, attached hereto as Exhibit `B," is approved and the Executive Director is authorized to transmit the same to the Los Angeles County Auditor -Controller, the California State Controller and the State of California Department of Finance in accordance with Health and Safety Code section 34177 subject to all reservations of rights and contingencies set forth above. SECTION 4. The Executive Director or designee is authorized to take all actions necessary to implement this Resolution, including without limitation, the posting of this Resolution and the Recognized Obligation Payment Schedule on the City's website, and any other reasonable acts in furtherance of approval of the Recognized Obligation Payment Schedule and Administrative Budgets. SECTION 5. The Secretary shall certify as to the passage and adoption of this Resolution, and it shall thereupon take effect and be in full force. APPROVED AND ADOPTED at a regularly scheduled meeting held on this 19th day of January 2021. �UMR_2f� L ..i%: , . APPROVED ", 4)", 1/ TO FORM ATTEST 'Ihc mA e Lisa S rick Counsel Secret I, LISA SHERRICK, Assistant City Clerk of the City of West Covina, California, do hereby certify that the foregoing Resolution No. 2021-02 was duly adopted by the City Council of the City of West Covina, California, at a regular meeting thereof held on the 19th day of January, 2021, by the following vote of the City Council: AYES: Castellanos, Diaz, Lopez-Viado, Tabatabai, Wu NOES: None ABSENT: None C ABSTAIN: None Lisa S ck, Assis City Clerk EXHIBIT A Recognized Obligation Payment Schedule (ROPS 21-22) - Summary Filed for the July 1, 2021 through June 30, 2022 Period Successor Agency: West Covina County: Los Angeles Current Period Requested Funding for Enforceable Obligations (ROPS Detail) A Enforceable Obligations Funded as Follows (B+C+D) B Bond Proceeds C Reserve Balance D Other Funds E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) F RPTTF G Administrative RPTTF H Current Period Enforceable Obligations (A+E) Certification of Oversight Board Chairman: Pursuant to Section 34177 (o) of the Health and Safety code, I hereby certify that the above is a true and accurate Recognized Obligation Payment Schedule for the above named successor agency. 21-22A Total 21-22B Total ROPS 21-22 (July - (January - Total December) June) Title /s/ Signature Date ' \ \ ) # [)( \ .�;/ƒ;. . . . . . . . . . . . . e;a ~ G ; ] $ G !■!! a !� a \ \ \ ) \ \ ) \ \ ) ) ( \ G� {)! !; : ' �e #� •. 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Eewm;.0 EXHIBIT B SUCCESSOR AGENCY TO THE WEST COVINA REDEVELOPMENT AGENCY ADMINISTRATIVE BUDGET July 1, 2021 to June 30, 2022 Salaries & Benefits $ Maintenance & Operations Consultants Legal Fees Overhead Annual Amount Jul - Dee 2021 Jan - Jun 2022 73,700 $ 36,850 $ 36,850 30,000 15,000 15,000 40,000 20,000 20,000 106,300 53,150 53,150 Subtotal 176,300 88,150 88,150 Total Budget $ 250,000 $ 125,000 $ 125,000 E:\SUCCESSOR AGENCY\ROPS\ROPS 21-22 (July2021 -June 2022)\Admin Budget\Administrative Budget ROPS 21-22