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HomeMy WebLinkAboutResolution - 11-15 STATE OF CALIFORNIA ) RESOLUTION NO. RDA 11- 15 COUNTY OF RIVERSIDE ) ss CITY OF SAN JACINTO ) A RESOLUTION OF THE SAN JACINTO REDEVELOPMENT AGENCY APPROVING AND ADOPTING A REVISED PRELIMINARY DRAFT OF THE INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE PURSUANT TO AB 1X 26 WHEREAS, pursuant to the Community Redevelopment Law (Health and Safety Code Sections 33000 et seq.), the City Council of the City of San Jacinto ("City") created the San Jacinto Redevelopment Agency ("Agency') to serve as the redevelopment agency within the City; and WHEREAS, the Agency has been responsible for implementing the Redevelopment Plans for the San Jacinto and Soboba Springs Redevelopment Projects covering certain properties within the City; and WHEREAS, as part of the 2011-2012 State budget bill, the California State Legislature recently enacted, and the Governor signed, companion bills AB 1X 26 and AB 1X 27, which eliminate every redevelopment agency unless the community that created it adopts an ordinance agreeing to participate in an Alternative Voluntary Redevelopment Program which requires the payment of an annual "community remittance" payment; and WHEREAS, on July 18, 2011, the League of California Cities and the California Redevelopment Association filed suit in the Supreme Court of the State of California challenging the constitutionality of and requesting a stay of enforcement of AB 1X 26 and AB 1 X 27; and WHEREAS, on August 11, 2011, the Supreme Court agreed to take the case and issued an order for the immediate stay of the enforcement of AB 1X 26 in part and AB 1X 27 in its entirety; and WHEREAS, on August 17, 2011, the Court modified its stay to clarify that Health and Safety Code Sections 34161 through 34169.5, enacted by AB 1X 26, are not subject to the stay; and WHEREAS, Health and Safety Code Section 34169(h), enacted by AB 1X 26, requires redevelopment agencies to prepare, by September 30, 2011, a preliminary draft of the initial Recognized Obligation Payment Schedule ('BOPS"); and WHEREAS, on September 20, 2011, the Agency adopted Resolution No. RDA 11-12 which approved and adopted the preliminary draft of the ROPS; and t 2443 8.30000\69873 67.1 WHEREAS, the Agency desires to revise the preliminary draft of the ROPS to include an additional enforceable obligation of the Agency in the form of a loan agreement, with a total outstanding amount of up to $56,855, made under the Agency's Housing Rehabilitation Program, to Ms. Julien Kim, a homeowner in the City of San Jacinto and an eligible participant in the Housing Rehabilitation Program ("Rehabilitation Loan"); and WHEREAS, the terms of the Rehabilitation Loan are set forth in a legally binding and enforceable Housing Rehabilitation Program Agreement between the Agency and Ms. Kim, dated October 6, 2009, as well as other related documents including a deed of trust securing the loan; and WHEREAS, all other legal prerequisites to the adoption of this Resolution have occurred. NOW, THEREFORE, BE IT RESOLVED, determined and ordered by the Governing Board of the San Jacinto Redevelopment Agency ("Governing Board") as follows: Section 1. Recitals. The Recitals set forth above are true and correct and incorporated herein by reference. Section 2. Approval and Adoption of Revised ROPS. The Governing Board hereby approves and adopts the revised preliminary draft of the initial ROPS which includes the Rehabilitation Loan as an enforceable obligation, in substantially the form attached hereto as Exhibit A, as required by Health and Safety Code Section 34169(h). Section 3. Future Action. The Governing Board hereby authorizes the Agency Executive Director, or his or her designee, to provide the revised preliminary draft of the initial ROPS to the Agency's successor agency, if the Supreme Court's stay is lifted or modified in a manner that permits a successor agency to be established for the Agency pursuant to Part 1.85 to Division 24 of the Health and Safety Code, enacted by AB 1X 26. Section 4. Certification. The Agency Secretary shall certify to the adoption of this Resolution. Section 5. Effective Date. This Resolution shall become effective upon its adoption. 24438.30000\6987367.1 PASSED, APPROVED AND ADOPTED this 18th day of October, 2011, by the following vote: Ayes: Bartel, Di Memmo, Kotyuk, Ledezma, Miller Nays: None Absent: None Abstain: None S nj(cino,FjTvelopment Agency T� i S ott Miller, Chair ATTEST: - ,/,-?,"L W, Richard Miller, Agency Secretary APPROVED AS TO FORM: Best Best & Krieger, LLP 4effYCIKJS. Ballin r, Agency Counsel 3 2443 8.300 00'6987367.1 CERTIFICATION I, Richard Miller, Secretary of the City of San Jacinto Redevelopment Agency, do hereby certify that the foregoing Resolution RDA 11-15 was regularly introduced and adopted by the Governing Board of the City of San Jacinto Redevelopment Agency, at a regular meeting thereof held on the 18th day of October, 2011. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of San Jacinto, California this 18th day of October, 2011. 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