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RESOLUTION NO. OB 2017-01 <br /> RESOLUTION OF THE OVERSIGHT BOARD FOR THE <br /> SUCCESSOR AGENCY TO THE FULLERTON REDEVELOPMENT <br /> AGENCY APPROVING AND ADOPTING THE RECOGNIZED <br /> OBLIGATION PAYMENT SCHEDULE 2017-2018 (PERIOD <br /> COVERING JULY 1, 2017 — JUNE 30, 2018) <br /> WHEREAS, the Oversight Board for the Successor Agency to the Fullerton <br /> Redevelopment Agency (the "Oversight Board") has been established to direct the <br /> Successor Agency to take certain actions to wind down the affairs of the Fullerton <br /> Redevelopment Agency in accordance with the Health and Safety Code; and <br /> WHEREAS, pursuant to Health and Safety Code Section 34177(I)(2)(B), the <br /> Recognized Obligation Payment Schedule (ROPS) prepared by the Successor <br /> Agency is to be submitted to the Oversight Board for their approval; and <br /> WHEREAS, the ROPS contains a list of enforceable obligations including, but <br /> not limited to, the following: 1) contracts, leases and agreements; 2) existing bond <br /> debt; and 3) administrative cost allowance; and <br /> WHEREAS, the ROPS includes all the funds the City will need to carry out the <br /> dissolution process of the former Fullerton Redevelopment Agency and pursuant to <br /> Health and Safety Code Section 34177(1)(1) shall identify the funding source of <br /> payment for the enforceable obligations listed on the ROPS; and <br /> WHEREAS, the Oversight Board previously approved by Resolution No. OB <br /> 2012-06 ROPS No. 1 on April 12, 2012; by Resolution No. OB 2012-07 ROPS No. 2 <br /> on May 22, 2012 for the time period of January 1 — December 31, 2012; and by <br /> Resolution Nos. OB 2012-09 and OB 2012-10 ROPS No. 3 on August 15, 2012 and <br /> October 10, 2012 for the time period of January 1 — June 30, 2013; and <br /> WHEREAS, subsequent to the adoption of ROPS No. 3, the Department of <br /> Finance (DOF) had updated and renamed the forms to be used for BOPS reporting <br /> pursuant to Assembly Bill 1484, including identifying the ROPS by fiscal year (i.e., <br /> 2013-14) and by "A" for the six-month period between July 1-December 31 and "B" <br /> for the six-month period between January 1-June 30; and <br /> WHEREAS, the Oversight Board previously approved by Resolution No. OB <br /> 2013-02 ROPS 2013-14A on February 27, 2013 for the six-month period between <br /> July 1-December 31, 2013; and by Resolution No. OB 2013-05 ROPS 2013-14B on <br /> September 25, 2013 for the period of January 1-June 30, 2014; and by Resolution <br /> No. OB 2014-01 ROPS 2014-15A on February 19, 2014 for the time period of July 1 <br /> — December 31, 2014; and by Resolution No. OB 2014-05 ROPS 2014-15B on <br /> September 24, 2014 for the time period of January 1 — June 30, 2015; by Resolution <br /> No. OB 2015-02 ROPS 2015-16A on February 18, 2015 for the time period of July 1, <br /> 2015 — December 31, 2015; and by Resolution No. OB 2015-04 ROPS 2015-16B on <br /> October 1, 2015 for the time period of January 1, 2016 — June 30, 2016; and <br /> 1 <br />