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HomeMy WebLinkAboutCRA - 139RESOLUTION NO. CRA - 139 A RESOLUTION OF THE CYPRESS REDEVELOPMENT AGENCY APPROVING AND ADOPTING THE PRELIMINARY DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE, PURSUANT TO THE PROVISIONS SET FORTH IN HEALTH AND SAFETY CODE SECTION 34169(h) (AB 1X 26) WHEREAS, by previous action duly and regularly taken, the City Council of the City of Cypress ( "City Council" or "City" as appropriate) approved and adopted the Redevelopment Plan for the Merged, Amended, and Restated Redevelopment Plan ( "Merged Redevelopment Plan "); and WHEREAS, the Merged Redevelopment Plan covers certain properties within the City known as the Cypress Merged and Amended Redevelopment Project Area ( "Merged Project Area "); and WHEREAS, the Merged Redevelopment Plan merged the following component areas into the Merged Project Area: (1) the Redevelopment Plan for the Civic Center Redevelopment Project Area, by Ordinance No. 692 adopted on July 19, 1982, as amended by Ordinance No. 813 adopted on April 10, 1989, by Ordinance No. 932 adopted on January 9, 1995, by Ordinance No. 1007 adopted on April 9, 2001, by Ordinance No. 1044 adopted on November 10, 2003, by Ordinance No. 1056 adopted on April 26, 2004, and by the aforedescribed Ordinance No. 1067 adopted on June 27, 2005 which merged, amended, and restated all of the foregoing as part of the Merged Redevelopment Plan (hereinafter the "Civic Center Component Area "); (2) the Redevelopment Plan for the Lincoln Avenue Redevelopment Project Area, by Ordinance No. 852 adopted on June 25, 1990, as amended by Ordinance No. 932 adopted on January 9, 1995, by Ordinance No. 1013 adopted on August 27, 2001, by Ordinance No. 1045 adopted on November 10, 2003, by Ordinance No. 1056 adopted on April 26, 2004, and by the aforedescribed Ordinance No. 1067 adopted on June 27, 2005 which merged, amended, and restated all of the foregoing as part of the Merged Redevelopment Plan (hereinafter the "Lincoln Avenue Component Area "); and (3) the Redevelopment Plan for the Los Alamitos Race Track and Golf Course Redevelopment Project Area, adopted by Ordinance No. 851 on June 18, 1990, as amended by Ordinance No. 932 adopted on January 9, 1995, by Ordinance No. 1014 adopted on September 10, 2001, by Ordinance No. 1046 adopted on November 10, 2003, by Ordinance No. 1056, adopted on April 26, 2004, and by the aforedescribed Ordinance No. 1067 adopted on June 27, 2005 which merged, amended, and restated all of the foregoing as part of the Merged Redevelopment Plan (hereinafter the "LART Component Area "); and WHEREAS, the Cypress Redevelopment Agency ( "Agency ") has been engaged in activities to execute and implement the Merged Redevelopment Plan pursuant to the provisions of the California Community Redevelopment Law (Health and Safety Code § 33000, et seq.) ( "CRL "); and WHEREAS, as part of the 2011 -12 State budget bill, the California Legislature enacted and the Governor signed, from the 2011 -12 First Extraordinary Session, Assembly Bills 1X 26 and 1X 27 ( "AB 1X 26" and "AB 1X 27 "), requiring that each redevelopment agency be dissolved unless the community that created it enacts an ordinance committing it to making certain payments; and WHEREAS, Health and Safety Code Section 34169, subdivision (h), one of the sections added to the CRL by AB 1X 26, requires the Agency to adopt a Preliminary Draft Recognized Obligation Payment Schedule listing enforceable obligations of the Agency to be paid for the period January 1 -June 30, 2012; and WHEREAS, as part of litigation filed directly with the California Supreme Court by the League of California Cities and the California Redevelopment Association challenging the constitutionality of AB 1X 26 and AB 1X 27, the California Supreme Court has issued a stay of the enforceability by the State of all of AB 1X 27 and most portions of AB 1X 26; and 1 WHEREAS, absent some clarifying order from the California Supreme Court regarding the scope of the stay, Section 34167(h) contained within AB X1 26, appears to be not included within the scope of the stay and therefore remains in effect; and WHEREAS, the California Redevelopment Association is recommending that all redevelopment agencies adopt and approve their Preliminary Draft Recognized Obligation Payment Schedules by September 30, 2011, in the event that AB 1X 26 remains in effect after the California Supreme Court review; and WHEREAS, the Agency has prepared a Preliminary Draft Recognized Obligation Payment Schedule pursuant to Health and Safety Code Sections 34167(h); and WHEREAS, the Agency's adoption of the Preliminary Draft Recognized Obligation Schedule is without prejudice to the Agency's right to claim that the filing of any recognized obligation payment schedule, including the Preliminary Draft Recognized Obligation Payment Schedule, is not required, and the Agency reserves the right to modify, supplement, or withdraw the Preliminary Draft Recognized Obligation Payment Schedule; NOW, THEREFORE, the Cypress Redevelopment Agency resolves as follows: 1. The foregoing Recitals are incorporated herein and made a part hereof. 2. The Preliminary Draft Recognized Obligation Payment Schedule, in the form presented concurrently with this Resolution, on file with the Agency Secretary, is hereby approved and adopted. Agency hereby adopts the Schedule under protest and without prejudice to the Agency's right to claim that the adoption of the Schedule is not required, and the Agency hereby reserves the right to modify, supplement, or withdraw the Schedule. Agency shall not be bound by the Schedule in the event a court of competent jurisdiction determines that both AB 1X 26 and AB 1X 27 are unconstitutional and therefore invalid, and all appeals therefrom are exhausted or unsuccessful, or time for filing an appeal therefrom has lapsed. 3. The Executive Director and his authorized designees are authorized and directed to transmit the Preliminary Draft Recognized Obligation Payment Schedule to the City (as Successor Agency) and to take other such actions and execute other such documents as are appropriate to effectuate the intent of this Resolution on behalf of the Agency. PASSED AND ADOPTED by the governing b %dy of the Cypress Redevelopment Agency, at a regular meeting held on the 26th day o ' S: •tember 20 ATTEST: Pe i/WOU /6C-00444.11 SECRETARY OF THE CYPRESS REDEVELOPMENT AGENCY STATE OF CALIFORNIA ) COUNTY OF ORANGE ) SS CHAIR RSON OF E CYPRESS EDEVELOPMENT AGENCY I, DENISE BASHAM, Secretary of the Cypress Redevelopment Agency, DO HEREBY CERTIFY that the foregoing Resolution was duly adopted at a regular meeting of the said Agency held on the 26th day of September 2011; by the following roll call vote: AYES: 5 AGENCY MEMBERS: Bailey, Luebben, Narain, Seymore, and Mills NOES: 0 AGENCY MEMBERS: None ABSENT: 0 AGENCY MEMBERS: None PoLbae_ SECRETARY OF THE CYPRESS REDEVELOPMENT AGENCY -2-