Title
Recommendation to Authorize the Interim City Manager to Submit the Recognized Obligations Payment Schedule (ROPS) and Administrative Budget for the Period from July 1, 2019 to June 30, 2020 to the Countywide Oversight Board. [SACIC] (Community Development 207)
Body
To: Honorable Chair and Member of the Successor Agency to the Community Improvement Commission
From: David L. Rudat, Interim City Manager
EXECUTIVE SUMMARY
Staff recommends authorizing the Interim City Manager to submit the Recognized Obligations Payment Schedule ("ROPS 2019-20") and Administrative Budget for the Period from July 1, 2019 to June 30, 2020, to the Countywide Oversight Board.
BACKGROUND
State Law enacted by Assembly Bill x1 26 (2011), as modified by Assembly Bill 1484 (2012), and Senate Bill 107 (2015), dissolved all redevelopment agencies in California and established successor agencies to administer remaining obligations of the former redevelopment agencies. The City serves as the Successor Agency to the Community Improvement Commission of the City of Alameda, Alameda's former redevelopment agency and the City Council serves as the Successor Agency Board.
Local oversight boards were established to direct the work of winding down the affairs and obligations of each former redevelopment agency. As of July 1, 2018, local oversight boards within Alameda County are now consolidated into the single County of Alameda Countywide Oversight Board ("Countywide Oversight Board").
The Successor Agency is obligated to prepare a Recognized Obligations Payment Schedule ("ROPS") for each fiscal year listing all enforceable obligations payable during that twelve-month period. The ROPS must be approved by the Countywide Oversight Board prior to submission to the California Department of Finance ("DOF"). The deadline for submission to DOF is February 1 of each year. ROPS 2019-20 will be the first ROPS schedule to be considered by the new Countywide Oversight Board for the period July 1, 2...
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