(1) Adoption of a Resolution Adopting the Draft Initial Recognized Obligation Payment Schedule for the Period February 1 2012 through June 30 2012 Pursuant to Section 34177(l)(2)(A) of the Health and Safety Code; and (2) Authorization Allowing the Executive Director to Make Such Payments on Behalf of the Successor Agency Utilizing Available Successor Agency Revenues Including but not Limited to Newly Received Property Tax Revenues (formerly Redevelopment Agency Tax Increment Proceeds). Item Number: C 2 City of Culver City California Agenda Item Report Meeting Date: 02/27/2012 BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY AGENDA ITEM: (1) Adoption of a Resolution Adopting the Draft Initial Recognized Obligation Payment Schedule for the Period February 1 2012 through June 30 2012 Pursuant to Section 34177(l)(2)(A) of the Health and Safety Code; and (2) Authorization Allowing the Executive Director to Make Such Payments on Behalf of the Successor Agency Utilizing Available Successor Agency Revenues Including but not Limited to Newly Received Property Tax Revenues (formerly Redevelopment Agency Tax Increment Proceeds). Contact Person/Dept.: Nick Kimball Finance Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Date: _______________ Public Notification: (E Mail) Meetings and Agendas Successor Agency (02/23/12) Department Approval: Jeff Muir (02/21/12) Phone Number: (310) 253 6013 General Fund: Yes No X Action Item: Attachments: X Chief Financial Officer Approval: Jeff Muir (02/21/12) Successor Agency General Counsel Approval: Carol Schwab (by H. Baker) (02/21/12) Successor Agency Special Council Approval: Murray Kane (02/23/12) Executive Director Approval: John Nachbar (02/23/12) RECOMMENDATION: Staff recommends the Board of Directors ( Board ) of the Successor Agency to the Culver City Redevelopment Agency ( Successor Agency ) (1) adopt a Resolution adopting the Draft Initial Recognized Obligation Payment S...
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