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Oversight Board Resolution OB2013-05
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Oversight Board Resolution OB2013-05
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Last modified
6/12/2013 7:38:28 PM
Creation date
2/27/2013 1:48:39 PM
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Resolutions
Title
Oversight Board Resolution
Resolution Number
OB2013-05
Date Adopted MM/DD/YYYY
2/25/2013
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OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE FAIRFIELD <br />REDEVELOPMENT AGENCY <br />RESOLUTION NO. 0B2013- C3`� <br />A RESOLUTION OF THE OVERSIGHT BOARD FOR THE <br />SUCCESSOR AGENCY TO THE FAIRFIELD REDEVELOPMENT <br />AGENCY APPROVING A RECOGNIZED OBLIGATION <br />PAYMENT SCHEDULE FOR THE SIX-MONTH FISCAL PERIOD <br />FROM JULY 1, 2013 THROUGH DECEMBER 31, 2013, AND <br />TAKING CERTAIN RELATED ACTIONS <br />WHEREAS, pursuant to Health and Safety Code Section 34177(I), the Successor <br />Agency to the Fairfield Redevelopment Agency (the "Successor Agency") must prepare <br />a proposed Recognized Obligation Payment Schedule ("ROPS") before each six-month <br />fiscal period (commencing each January 1 and July 1) and submit each proposed <br />ROPS to the Oversight Board for the Successor Agency (the "Oversight Board") for <br />approval; and <br />WHEREAS, Pursuant to Health and Safety Code Section 34177(I)(2)(C) and (m), the <br />Successor Ag�ncy must (1) submit the Oversight Board-approved ROPS for the six- <br />month fiscal period from July 1, 2013 through December 31, 2013 ("ROPS 13-14A"), to <br />the Department of Finance (DOF), the Office of the State Controller, and the County <br />Auditor-Controller no later than March 1, 2013; and (2) post a copy of the Oversight <br />Board-approved ROPS 13-14A on the Successor Agency's website. <br />NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY <br />TO THE FAIRFIELD REDEVELOPMENT AGENCY, HEREBY RESOLVES: <br />Section The above recitals are true and correct and are a substantive part of this <br />Resolution. <br />Section 2. The Oversight Board hereby approves proposed ROPS 13-14A, <br />substantially in the form attached hereto as Exhibit A. Staff of the Successor Agency is <br />hereby authorized and directed to submit a copy of Oversight Board-approved ROPS <br />13-14A to the DOF, the Office of the State Controller, and the County Auditor-Controller <br />and to post a copy of the Oversight Board-approved ROPS 13-14A on the Successor <br />Agency's Internet website (being a page on the Internet website of the City of Fairfield). <br />Section 3. The Oversight Board hereby designates the Deputy Director as the official <br />designated to whom the DOF inay make a request for review in connection with actions <br />taken by the Oversight Board. <br />
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