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SA 15-03
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SA 15-03
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Last modified
11/19/2015 8:47:10 AM
Creation date
11/19/2015 8:47:10 AM
Metadata
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Template:
CC Index
CC Index - Document Type
Resolution
Meeting Type
Joint
Agency Type
City Council and Successor Agency and Public Financing Authority
Date
11/16/2015
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with a Finding of Completion while the pending litigation against the Department of <br /> Finance regarding these funds is pursued. <br /> Section 3. The Successor Agency further directs staff, when remitting the LAS <br /> Funds, to expressly state the Successor Agency's intent in remitting such funds — that <br /> the Successor Agency is remitting the LAS Funds under protest and coercion to avoid <br /> the penalty threatened by SB 107, and not voluntarily or by way of compromise. SB <br /> 107 requires the Successor Agency to pay the obligations that the DOF had established <br /> through the DDR determination process as being owed by the Successor Agency by <br /> December 31, 2015, and penalizes the Successor Agency if full payment has not been <br /> made by disallowing a finding of completion. SB 107 compels this payment irrespective <br /> of the pending litigation between DOF and the Successor Agency concerning these <br /> funds, and the Successor Agency expressly reserves its rights to continue challenging <br /> the DOF DDR determination through its pending appeal in the California Court of <br /> Appeal for the Third District (C076431) and as otherwise permitted by law. <br /> Section 4. This resolution takes effect upon adoption. <br /> * ,� * <br /> ATTY/RES0.3156/SA RESO AUTHORIZING REMITTANCE OF LAS FUNDS TO COUNTY AUDITOR <br /> REV:11-16-15 VR <br /> Page 3 of 3 <br />
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