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Agenda Item
ASR
Control 19-001345 |
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MEETING DATE: |
01/14/20 |
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legal entity taking action: |
Successor Agency to the Orange County Development
Agency |
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board of supervisors
district(s): |
All Districts |
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SUBMITTING
Agency/Department: |
OC Community Resources (Approved) |
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Department contact
person(s): |
Dylan Wright
(714) 480-2788 |
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Jeff Kirkpatrick (714) 480-2849 |
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Subject: Review and Approve the
County's Annual Recognized Obligation Payment Schedule
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ceo CONCUR |
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Clerk of the Board |
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Concur |
Approved Resolution to Form |
Consent Calendar |
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3 Votes Board Majority |
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Budgeted: N/A |
Current Year Cost:
N/A |
Annual Cost:
N/A |
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Staffing Impact: |
No |
# of Positions:
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Sole Source:
N/A |
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Current Fiscal Year Revenue: N/A
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Prior Board Action: 1/08/2019
#6 |
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RECOMMENDED ACTION(S):
Acting as the County's Successor Agency:
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1. |
Approve the Recognized Obligation Payment Schedule for the period of July 1, 2020, through June 30, 2021. |
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2. |
Direct staff to submit the Recognized Obligation Payment Schedule to the Countywide Oversight Board. |
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3. |
Direct staff to notify the Board of Supervisors of any changes made to the Recognized Obligation Payment Schedule by the County Auditor/Controller, County's Oversight Board, the State Department of Finance and/or the State Controller's Office. |
SUMMARY:
In conformance with state law, the Recognized Obligation Payment Schedule is due to the State Department of Finance and the State Controller's Office on February 1, 2020, and is being presented to the Board of Supervisors for approval.
BACKGROUND INFORMATION:
State law requires Successor Agencies to prepare and submit a Recognized Obligation Payment Schedule (ROPS) that identifies the known financial obligations of the former redevelopment agency prior to the distribution of property taxes. The attached ROPS is being presented to the Board of Supervisors (Board) for approval in regards to those financial obligations of the former Orange County Development Agency (which remain through June 30, 2021), pending final approval by the State Department of Finance and State Controller's Office. The financial obligations listed on the ROPS (Attachment A) are consistent with the January 8, 2019, Board-approved ROPS.
Pursuant to Health and Safety Code Section
34177.7(o)(1), Successor Agencies are required to submit their draft ROPS for
review and approval by their respective Oversight Board, prior to submission to
the Department of Finance. The Countywide Oversight Board is scheduled to
review the attached ROPS in late January 2020. If approved, staff will submit the
document to the State Department of Finance and the State Controller's Office
on or before February 1, 2020, in conformance with state law.
Compliance with CEQA: This action is not a project within the meaning of CEQA Guidelines Section 15378 and is therefore not subject to CEQA, since it does not have the potential for resulting in either a direct physical change in the environment, or a reasonably foreseeable indirect physical change in the environment. The approval of this agenda item does not commit the County to a definite course of action in regard to a project since it involves the adoption and submittal of financial documents required per State law. This proposed activity is therefore not subject to CEQA. Any future action connected to this approval that constitutes a project will be reviewed for compliance with CEQA.
FINANCIAL IMPACT:
The annual cost is to be determined by the Countywide Oversight Board, the State Department of Finance and the State Controller's Office. All costs will be included in the County's FY 2020-21 budget process.
As in past years, there are potential adjustments to financial liabilities for the County and/or Successor Agency based on the interpretation and implementation of Assembly Bill 1X 26 by the State Department of Finance and the State Controller's Office. OC Community Resources will notify the Board of any changes made to the ROPS by the County Auditor-Controller, Countywide Oversight Board, the State Department of Finance and/or the State Controller's Office.
Additionally, should the County fail to submit the ROPS by the state mandated deadline of February 1, 2020, it would be subject to a civil penalty equal to $10,000 per day for every day the ROPS is late.
STAFFING IMPACT:
N/A
ATTACHMENT(S):
Attachment A - Recognized Obligation Payment Schedule
Attachment B - Resolution of the Board of Supervisors
Attachment C - Assembly Bill 1X 26
Attachment D - Health and Safety Code Section 34177