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Item 02 - Recognized Obligation Payment Schedule 23-24
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Item 02 - Recognized Obligation Payment Schedule 23-24
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8/11/2023 10:30:20 AM
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Agenda Packet
Agency
Clerk of the Council
Item #
2
Date
1/17/2023
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Community Development Agency <br />santa-ana.org/cd <br />Item # 2 <br />City of Santa Ana <br />20 Civic Center Plaza, Santa Ana, CA 92701 <br /> Staff Report <br />January 17, 2023 <br />TOPIC: Recognized Obligation Payment Schedule 23-24 <br />AGENDA TITLE: <br />Recognized Obligation Payment Schedule for the period of July 1, 2023 through June <br />30, 2024 <br />RECOMMENDED ACTION <br />Adopt a resolution approving the Recognized Obligation Payment Schedule for the <br />period of July 1, 2023 through June 30, 2024 pursuant to Part 1.85 of Division 24 of the <br />California Health & Safety Code. <br />DISCUSSION <br />In 1973, the City of Santa Ana adopted an ordinance to create a Redevelopment <br />Agency. Throughout the years, the Redevelopment Agency completed numerous <br />projects to eliminate blight, spur economic growth, funded construction of affordable <br />housing projects, and provided infrastructure and community facility improvements <br />within the defined project areas. <br />Pursuant to Part 1.85 of Division 24 of the California Health & Safety Code (“Dissolution <br />Act”), on January 9, 2012 the City Council elected for the City to act as the “Successor <br />Agency” to the dissolved Community Redevelopment Agency (“Agency”). On February <br />1, 2012, in accordance with the Dissolution Act and the California Supreme Court’s <br />decision in California Redevelopment Association v. Matosantos, Case No. S194861, <br />the Agency was dissolved and the City began to serve as the “Successor Agency.” The <br />City Council serves as the governing body of the Successor Agency under the <br />Dissolution Act as amended by AB 1484, AB 471, and SB 107, to administer the <br />enforceable obligations of the Agency and otherwise unwind the Agency’s affairs. <br />Effective July 1, 2018, the local Oversight Board to the Successor Agency was <br />dissolved and the new Orange Countywide Oversight Board (OCOB) was established. <br />The OCOB now has oversight with respect to the dissolution process, including review <br />and approval of the Recognized Obligation Payment Schedule (ROPS).
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