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Resolution of the Successor Agency to the Redevelopment Agency of the City of South San Francisco reviewing and approving the recognized obligation payment schedule and administrative budget for the period July 1, 2025 through June 30, 2026, pursuant to health and safety code sections 34177(j) and 34177(l)
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WHEREAS, pursuant to Part 1.85 of Division 24 of the California Health and Safety Code (“HSC”) Section 34170 et seq. (“Dissolution Act”), the Redevelopment Agency of the City of South San Francisco (“RDA”) was dissolved as of February 1, 2012; and
WHEREAS, the Successor Agency to the Redevelopment Agency of the City of South San Francisco (“Successor Agency”) succeeded to all assets, properties, contracts, leases, books and records, buildings, and equipment of the former RDA and, except as repealed, restricted, or revised by the Dissolution Act, was vested with all authority, rights, powers, duties and obligations under the California Community Redevelopment Law (HSC Section 33000 et seq.) previously vested with the RDA; and
WHEREAS, HSC Section 34177(l) requires the Successor Agency to prepare a Recognized Obligation Payment Schedule (“ROPS”) for each 12-month fiscal period, which lists the outstanding obligations of the former RDA and states the sources of funds for required payments; and
WHEREAS, HSC Section 34177(j) requires the Successor Agency to prepare a proposed administrative budget and submit it to the San Mateo Countywide Oversight Board (“Oversight Board”) for approval; and
WHEREAS, Successor Agency staff has prepared a ROPS for the July 1, 2025 through June 30, 2026 fiscal period (“ROPS 25-26”), which, pursuant to HSC Section 34177(l), must be approved by the San Mateo Countywide Oversight Board (“Oversight Board”) and submitted to the State Department of Finance (“DOF”) no later than February 1, 2025; and
WHEREAS, the Successor Agency to the Former Redevelopment Agency of the City of South San Francisco has prepared an administrative budget for the period July 1, 2025 to June 30, 2026 (“Administrative Budget”) as set forth in the attached Exhibit B; and
WHEREAS, the Oversight Board will review ROPS 25-26 and the Administrative Budget on January 6, 2025; and
WHEREAS, the Successor Agency desires to approve the ROPS 25-26 and the Administrative Budget and transmit it to various parties as required by the Dissolution Act; and
NOW, THEREFORE, the Successor Agency to the Redevelopment Agency of the City of South San Francisco, does hereby resolve as follows:
1. The Recitals set forth above are true and correct, and are incorporated herein by reference;
2. The draft ROPS 25-26 attached hereto as Exhibit A was prepared by the Successor Agency, reviewed and approved by the Successor Agency Board, and will be submitted to the Oversight Board;
3. In accordance with HSC Section 34177(j), the Successor Agency hereby approves the Administrative Budget for the period July 1, 2025 through June 30, 2026, attached hereto as Exhibit B, contingent upon approval by the Oversight Board at its meeting on January 6, 2025;
4. The City Finance Director or designee is authorized to modify the draft ROPS 25-26 and the Administrative Budget to correct errors, to update the ROPS 25-26 if necessary as a result of subsequent review by the Oversight Board, and provide clarifications consistent with requirements of the State Department of Finance and the intent of this Resolution;
5. The Executive Director of the Successor Agency or designee is authorized and directed to take all actions necessary to implement this Resolution, including without limitation, the submittal of the draft ROPS 25-26 to the Oversight Board, the County Auditor-Controller, the County Administrative Officer, the State Department of Finance, and the State Controller, and the posting of this Resolution and the draft ROPS 25-26 on the Successor Agency’s website;
6. The Finance Director or designee is authorized to incorporate the items on the ROPS into the 2025-26 operating budget once the ROPS is approved;
7. The Executive Director and the Finance Director, and their designees, are authorized and directed to take such actions as necessary and appropriate to carry out and implement the intent of this Resolution, including without limitation, the establishment of separate accounts and funds as necessary to appropriately document the receipts and expenditures of the Successor Agency; and
8. The Executive Director of the Successor Agency and/or their designee are authorized to execute contracts and agreements for the items listed on the July 1, 2025 through June 30, 2026 ROPS, as approved by the Oversight Board, up to the amounts specified on the approved ROPS for such items, unless specifically directed otherwise by the Oversight Board.
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Exhibit A - South San Francisco’s Successor Agency’s Draft ROPS 25-26
Exhibit B - South San Francisco’s Successor Agency’s Fiscal Year 25-26 Administrative Budget