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HomeMy WebLinkAboutRES OB 2016 097 2016 0816 RESOLUTION NO. 013-2016-97 A RESOLUTION OF THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, CALIFORNIA, FOR THE REGULAR MEETING OF AUGUST 16, 2016, APPROVING A SETTLEMENT AND RELEASE AGREEMENT BY AND BETWEEN VENTURA COUNTY COMMUNITY COLLEGE DISTRICT (VCCCD), ON THE ONE HAND, AND THE CITY OF MOORPARK AND THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK, ON THE OTHER HAND, IN RESOLUTION OF DISPUTES CONCERNING PAYMENTS AND CREDITS UNDER A 1993 PASS THROUGH AGREEMENT WHEREAS, the Redevelopment Agency of the City of Moorpark (the "Former Agency") was a public body, corporate and politic, duly established and authorized to transact business and exercise powers under and pursuant to the provisions of the Community Redevelopment Law of the State of California, constituting Part 1 of Division 24 of the Health and Safety Code of the State (the "Law"); and WHEREAS, pursuant to Section 34172(a) of the California Health and Safety Code (unless otherwise stated, all Section references hereinafter being to such Code), the Former Agency has been dissolved and no longer exists, and pursuant to Section 34173, the City of Moorpark (the "City") has become the successor entity to the Former Agency (the "Successor Agency"); and WHEREAS, prior to the dissolution of the Former Agency, the Former Agency entered into an "Agreement between the Ventura County Community College District, the Redevelopment Agency of the City of Moorpark and the City of Moorpark for Distribution of Tax Increment Funds from the Moorpark Redevelopment Project"; and WHEREAS, since February 1, 2012, the Ventura County Auditor-Controller has made certain Pass Through Payments under the Pass Through Agreement to VCCCD. VCCCD asserts that since the Ventura County Auditor-Controller began making Pass Through Payments under the Pass Through Agreement, those payments have not been calculated correctly; and WHEREAS, in or around March 2013, in connection with an audit by VCCCD's consultant, the Dolinka Group, VCCCD brought to the attention of the Successor Agency and the Ventura County Auditor-Controller VCCCD's position that the Pass Through Payments should be computed with a different methodology than has been used in the past for calculating the payments; and WHEREAS, on March 12, 2013, subsequent to an audit by its consultants, the Dolinka Group, VCCCD notified the Successor Agency that the former Agency had Resolution No. OB-2016-97 Page 2 underpaid the Pass Through Payments under the Pass Through Agreement. VCCCD asserts that the former Agency underpaid the Pass Through Payments made directly to VCCCD for fiscal years 1993-94 through 2005-06, and that the former Agency underpaid the Pass Through Payments made to the City under the 2008 Settlement Agreement for fiscal years 2006-07 through 2010-11; and WHEREAS, to avoid protracted and costly litigation, VCCCD and the City have agreed to resolve their differences under the terms of the Settlement Agreement; and WHEREAS, this Oversight Board has completed its review of the Settlement Agreement and wishes at this time to give its approval to the Settlement Agreement by the Successor Agency; and WHEREAS, on August 16, 2016 the report titled, "Consider Resolution Authorizing Settlement and Release Agreement Pursuant to Health & Safety Code Section 34171(d)(1)(F), in Resolution of Ventura County Community College District's Informal Claim of Incorrectly Calculated Pass-Through Payments Under 1993 Agreement" was submitted to the Oversight Board for its review and consideration (Agenda Item 7.C.). NOW, THEREFORE, THE OVERSIGHT BOARD TO THE SUCCESSOR AGENCY OF THE REDEVELOPMENT AGENCY OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The Oversight Board does hereby approve the Settlement and Release Agreement Pursuant to Health & Safety Code Section 34171(d)(1)(F), in Resolution of Ventura County Community College District's Informal Claim of Incorrectly Calculated Pass-Through Payments Under 1993 Agreement. SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original resolutions. PASSED AND ADOPTED this 16th day of August, 2016. + ,. truce Hamous, Chair ATTEST: Maureen Benson, City Clerk Resolution No. OB-2016-97 Page 3 STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK I, Maureen Benson, City Clerk of the City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing Resolution No. OB-2016-97 was adopted by the Oversight Board to the Successor Agency of the Redevelopment Agency of City of Moorpark at a regular meeting held on the 16th day of August, 2016, and that the same was adopted by the following vote: AYES: Board Members Burgh, Driscoll, Kasper, Parvin, Priestley and Chairperson Hamous NOES: None ABSENT: Board Member Melby ABSTAIN: None IN WITNESS THEREOF, I have set my hand this 16th day of August, 2016. Maureen Benson, City Clerk