SACIC Resolution 17-07SUCCESSOR AGENCY TO THE COMMUNITY IMPROVEMENT COMMISSION OF
THE CITY OF ALAMEDA RESOLUTION NO. 17-07
APPROVING AND ADOPTING THE BUDGET FOR FISCAL YEARS 2017-18
AND 2018-19
WHEREAS, the Community Improvement Commission of the City of Alameda (the
“Former Agency”) was duly created pursuant to the California Community Redevelopment
Law (Part 1 [commencing with Section 33000] of Division 24 of the California Health and
Safety Code) (“Redevelopment Law”); and
WHEREAS, Assembly Bill x1 26 (“AB x1 26”) was signed by the Governor of
California on June 28, 2011, and was held by the California Supreme Court to be largely
constitutional on December 29, 2012; and
WHEREAS, as a result of the Supreme Court’s decision, on February 1, 2012, all
California redevelopment agencies were dissolved, and successor agencies were
established as successor entities to the former redevelopment agencies pursuant to
Health and Safety Code section 34173(a); and
WHEREAS, the City Council adopted Resolution No. 14643 on January 4, 2012,
electing for the City to serve as the Successor Agency to the Community Improvement
Commission of the City of Alameda (the “Successor Agency”) upon the dissolution of the
Former Agency; and
WHEREAS, on June 27, 2012, the Governor of California signed into law
Assembly Bill 1484 amending AB x1 26 and adding additional requirements to the
successor agencies; and
WHEREAS, the Successor Agency is tasked with paying, performing, and
enforcing the obligations and winding down the affairs of the Former Agency; and
WHEREAS, pursuant to Health and Safety Code sections 34177(j) and (l), before
each six month fiscal period the Successor Agency must prepare and submit an
administrative budget and a Recognized Obligation Payment Schedule (“ROPS”) to the
Oversight Board for approval; and
WHEREAS, the ROPS must also be submitted to the County Administrative
Officer, County Auditor-Controller, State Controller’s Office, State Department of Finance,
and be posted online; and
WHEREAS, there has been submitted to and filed with the Board of the Successor
Agency at this meeting, a budget representing the financial plan for conducting the affairs
of the Successor Agency for the Fiscal Years a) beginning July 1, 2017 and ending June
30, 2018 and b) beginning July 1, 2018 and ending June 30, 2019; and