HomeMy WebLinkAboutResolution - OB 12-17 STATE OF CALIFORNIA ) RESOLUTION NO. OB 12-17
COUNTY OF RIVERSIDE ) ss
CITY OF SAN JACINTO )
A RESOLUTION OF THE OVERSIGHT BOARD OF THE
FORMER SAN JACINTO REDEVELOPMENT AGENCY
APPROVING THE LOW AND MODERATE INCOME HOUSING
FUND DUE DILIGENCE REVIEW REPORT PURSUANT TO
CALIFORNIA HEALTH AND SAFETY CODE SECTION
34179.6
WHEREAS, pursuant to the Community Redevelopment Law (Health and Safety Code
Sections 33000 et seq.) ("CRL"), the City Council of the City of San Jacinto ("City") created
the San Jacinto Redevelopment Agency ("Agency"); and
WHEREAS, pursuant to Health and Safety Code section 34172, the Agency was
dissolved on February 1, 2012, and the City became the successor agency to the dissolved
Agency ("Successor Agency"); and
WHEREAS, Health and Safety Code Section 34179.5, enacted by AB 1484, requires
successor agencies to engage a licensed accountant to conduct a "due diligence review" to
determine the amount of unencumbered funds that were previously held in the Agency's
Loan and Moderate Income Housing Fund that are available for transfer to the other taxing
entities within the Agency's former jurisdiction; and
WHEREAS, the Successor Agency engaged the accounting firm of Rogers Anderson
Malody & Scott to conduct the due diligence review of the Low and Moderate Income
Housing Fund ("Due Diligence Review"); and
WHEREAS, the Successor Agency submitted a copy of the Due Diligence Review to
the Oversight Board, County Auditor-Controller/Treasurer[Tax Collector; and
WHEREAS, Health and Safety Code Section 34179.6(b) requires the Oversight Board
to hold a meeting and give an opportunity for public comment on the Due Diligence Review at
least five business days prior to considering the Due Diligence Review for approval; and
WHEREAS, the Oversight Board held such a meeting on November 15, 2012 and
provided an opportunity for public comment on the Due Diligence Review; and
WHEREAS, Health and Safety Code Section 34179.6(c) requires that the Oversight
Board review, approve and transmit to the County Auditor-ControllerfTreasurer/Tax Collector
and Department of Finance the determination of the amount of Low and Moderate Income
Housing Fund cash and cash equivalents that are available for disbursement to taxing
entities.
NOW, THEREFORE, BE IT RESOLVED, that the Oversight Board of the Successor
Agency to the San Jacinto Redevelopment Agency hereby resolves as follows:
Section 1: Recitals. The Recitals set forth above are true and correct and
1
incorporated herein by reference.
Section 2: Approval and Adoption of Report. The Oversight Board hereby
approves the Low and Moderate Income Housing Fund Due Diligence Review Report
attached hereto, as required by Health and Safety Code Section 34179.6(c).
Section 3: Future Action. The Oversight Board hereby directs the Successor
Agency to submit copies of the approved Low and Moderate Income Housing Fund Due
Diligence Review Report to the County Auditor-Controller and the State of California
Department of Finance immediately upon the adoption of this Resolution, and to take any and
all actions necessary in furtherance of this Resolution.
Section 4: Severability. If any provision of this Resolution or the application of any
such provision to any person or circumstance is held invalid, such invalidity shall not affect
other provisions or applications of this Resolution that can be given effect without the invalid
provision or application, and to this end the provisions of this Resolution are severable. The
Oversight Board declares that it would have adopted this Resolution irrespective of the
invalidity of any particular portion of this Resolution.
Section 5: Certification. The Board Secretary shall certify to the adoption of this
Resolution.
Section 6: Effective Date. Pursuant to Health and Safety Code Section 34179(h),
all actions taken by the Oversight Board may be reviewed by the State of California
Department of Finance, and, therefore, this Resolution shall not be effective for five (5)
business days, pending a request for review by the State of California Department of
Finance.
PASSED, APPROVED AND ADOPTED at a regular meeting of the Oversight Board of
the Successor Agency to the dissolved San Jacinto Redevelopment Agency, on the 6th day of
April, 2012 by the following vote:
AYES: Christakos, Hults, Paisley, Prill, Turner, Frontino
NAYS: None
ABSENT: Elam
ABSTAIN: None
Oversight Boar
Frontino, Chairman
ATTEST:
Richard Miller, Oversight Board Secretary
CERTIFICATION
STATE OF CALIFORNIA)
COUNTY OF RIVERSIDE) ss
CITY OF SAN JACINTO)
I, Richard Miller, hereby certify that the foregoing is a true copy of Resolution No. OB 12-17,
was adopted by the Oversight Board of the former San Jacinto Redevelopment Agency at a
public meeting thereof held the 29th day of November, 2012.
WITNESS my hand this 29'h day of November, 2012.
Richard Miller, Oversight Board Secretary