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SUCCESSOR AGENCY <br />RESOLUTION NO. 2025-001 <br />A RESOLUTION OF THE SUCCESSOR AGENCY TO THE <br />FORMER COMMUNITY REDEVELOPMENT AGENCY OF <br />THE CITY OF SANTA ANA APPROVING THE <br />RECOGNIZED OBLIGATION PAYMENT SCHEDULE 25-26 <br />FOR THE PERIOD OF JULY 1, 2025 TO JUNE 30, 2026 <br />PURSUANT TO HEALTH AND SAFETY CODE SECTION <br />34177(o), AND PART 1.85 OF DIVISION 24 OF THE <br />CALIFORNIA HEALTH AND SAFETY CODE ("DISSOLUTION <br />ACT") <br />BE IT RESOLVED BY THE MEMBERS OF THE SUCCESSOR AGENCY OF THE <br />CITY OF SANTA ANA, AS FOLLOWS: <br />Section 1. The City Council of Santa Ana, acting as Successor Agency, <br />conclusively finds, determines and declares as follows: <br />A. On January 9, 2012, pursuant to section 34173 of the California Health & <br />Safety Code, the City of Santa Ana ("City") elected to serve as the Successor <br />Agency for the dissolved Community Redevelopment Agency ("Agency") of the City <br />of Santa Ana and selected the Housing Authority of the City of Santa Ana to act as <br />"Successor Housing Agency." <br />B. The City Council serves as the governing body of the Successor Agency <br />under the Dissolution Act, as amended by AB 1484, AB 471, and SB 107, to <br />administer the enforceable obligations of the Agency and otherwise unwind the <br />Agency's affairs. <br />C. SB 107 revised the timeline for the preparation of the required Recognized <br />Obligation Payment Schedule ("ROPS") from each six-month period to a one-year <br />period beginning July 1, 2016. <br />D. The annual ROPS includes the administrative cost allowance as required <br />under Health and Safety Code Section 34177 (j) through (k). <br />E. The annual ROPS for the July 1, 2025 through June 30, 2026 period must be <br />approved by the Countywide Oversight Board and submitted to the County Auditor <br />— Controller, State Controller's Office, and to the State Department of Finance <br />("DOF") no later than February 1, 2025. <br />Section 2. The Successor Agency approves the Recognized Obligation Payment <br />Schedule 25-26, attached hereto as Exhibit A and incorporated herein by this reference, <br />Resolution 2025-001 <br />Page 1 of 3 <br />