Report to Successor Agency
Tuesday, January 14, 2020
Consent
SUBJECT:
Title
CONSIDER APPROVAL OF THE SUCCESSOR AGENCY RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS FY 20-21) FOR THE PERIOD OF JULY 1, 2020 TO JUNE 30, 2021 (SUCCESSOR AGENCY)
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I. SUMMARY
Presented for the Carson Successor Agency Board approval is the proposed Recognized Obligation Payment Schedule (ROPS) for Fiscal Year 2020-21 as required by Health and Safety Code ? 34180. If approved by the Successor Agency, the ROPS documents will be submitted to the Los Angeles County Second Supervisorial District Consolidated Oversight Board ("Second District Consolidated Oversight Board") for approval. The Successor Agency is required to submit the Second District Oversight Board-approved ROPS to the State Department of Finance, County Auditor Controller and other required agencies in advance of the February 1, 2020 deadline.
II. RECOMMENDATION
Recommendation
TAKE the following action:
1. APPROVE the ROPS FY 20-21 and DIRECT staff to submit the ROPS FY 20-21 with any necessary amendments to the Second District Consolidated Oversight Board and required agencies for approval.
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III. ALTERNATIVES
TAKE another action the Successor Agency deems appropriate.
IV. BACKGROUND
With the dissolution of the Carson Redevelopment Agency, the Carson Successor Agency is required to prepare and submit the Oversight Board-approved ROPS and Administrative Budget to the State Department of Finance (DOF) and certain other agencies to receive funding for debt service, enforceable obligation payments, and administrative costs. The recently established County-wide Second District Consolidated Oversight Board will consider ROPS FY 20-21 on January 21, 2020. The deadline for submitting the Oversight Board-approved ROPS FY 20-21 to the Department of Finance (DOF), State Controller's Office, and Los Angeles County Auditor-Controller is February 1, 2020. The Final FY 20-21 ROPS must also be posted on the City/Su...
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