(1) Adoption of a Resolution Approving the Recognized Obligation Payment Schedule (ROPS) from January 1 2015 Through June 30 2015; (2) Adoption of a Resolution Approving the Successor Agency Administrative Budget from January 1 2015 Through June 30 2015; and (3) Authorization to the Executive Director to Make Such Payments on Behalf of the Successor Agency. Item Number: C 2 City of Culver City California Agenda Item Report Meeting Date: 09/22/2014 SUCCESSOR AGENCY TO THE CULVER CITY REDEVELOPMENT AGENCY AGENDA ITEM: (1) Adoption of a Resolution Approving the Recognized Obligation Payment Schedule (ROPS) from January 1 2015 Through June 30 2015; (2) Adoption of a Resolution Approving the Successor Agency Administrative Budget from January 1 2015 Through June 30 2015; and (3) Authorization to the Executive Director to Make Such Payments on Behalf of the Successor Agency. Contact Person/Dept.: Jeff Muir Fiscal Impact: Yes X No Public Hearing: Commission Action Required: Yes No X Date: _______________ Public Notification: Meetings and Agendas Successor Agency (09/18/14). Department Approval: Jeff Muir (09/18/14) Chief Financial Officer Approval: Jeff Muir (09/18/14) Successor Agency General Counsel Approval: Carol Schwab (by H. Baker) (09/18/14) Executive Director Approval: John M. Nachbar (09/18/14) Phone Number: (310) 253 5865 Action Item: Attachments: X RECOMMENDATION: Staff recommends the Successor Agency Board (1) adopt a resolution approving the Recognized Obligation Payment Schedule (ROPS) for the period of January 1 2015 through June 30 2015; (2) adopt a resolution approving the Successor Agency Administrative Budget from January 1 2015 through June 30 2015; and (3) authorize the Executive Director to make such payments on behalf of the Successor Agency. BACKGROUND / DISCUSSION: Pursuant to AB X1 26 the Successor Agency must prepare a ROPS and administrative budget for each six month fiscal period (commencing each January 1 and July 1) listing the payments to be...
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