Resolution - 2019-04RESOLUTION NO.2019-04
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, 2019 THROUGH JUNE 30, 2020
WHEREAS, pursuant to Abx 126, 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, shall have five consolidated oversight boards each encompassing
the five supervisorial districts;
WHEREAS, pursuant to Health and Safety Code Section 34179.7 (o) (1), requires
that the ROPS for the period from July 1, 2019 to June 30, 2020, 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, 2019; 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 future 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, THE CITY COUNCIL OF THE CITY OF WEST
COVINA, ACTING AS SUCCESSOR AGENCY TO THE FORMER WEST COVINA
REDEVELOPMENT AGENCY, DOES HEREBY FIND, DETERMINE AND RESOLVE
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 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 3. The Administrative Budget for the Successor Agency for the
annual period of July 1, 2019 — June 30, 2020, 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.
PASSED, APPROVED, AND ADOPTED this 15`h day of January 2019.
APPROVED AS TO FORM
41
Scott E. Porter
City Attorney
Lloy�on \
Chairman
ATTEST
(ZONLLAiko r:
Nickolas S. Lewis
Secretary
I, HEREBY CERTIFY that the foregoing resolution was duly adopted by the City
Council of the City of West Covina, California, at a regular meeting thereof on the 151h day of
January 2019 by the following vote of the City Council:
AYES: Castellanos, Lopez-Viado, Wu, Johnson
NOES: None
ABSENT: None
ABSTAIN: None
Nickolas S. Lewis
Secretary