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Home My WebLink About489 RESOLUTION NO 489 A RESOLUTION OF THE BOARD OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET FOR JULY 1, 2019 THROUGH NNE 30, 2020 PURSUANT TO DIVISION 24 OF THE CALIFORNIA HEALTH AND SAFETY CODE RECITALS WHEREAS, on November 1, 2011, the City Council of the City of Redlands (the "City") approved Resolution 7089 electing to serve as the Successor Agency to the former Redevelopment Agency of the City of Redlands (the "Successor Agency")pursuant to Section 34173 of the Health and Safety Code, and WHEREAS, on January 15, 2019, staff presented to the Board of the Successor Agency a recommended Recognized Obligation Payment Schedule that lists enforceable obligations of the former redevelopment agency for the period of July 1, 2019 through June 30, 2020, NOW, THEREFORE, BE IT RESOLVED by the Board of the Successor Agency to the former Redevelopment Agency of the City of Redlands as follows Section 1 The above recitals are true and correct and are a substantive part of this Resolution Section 2 This Resolution is adopted pursuant to Health and Safety Code Section 34177 Section 3 The Successor Agency hereby adopts the Recognized Obligation Payment Schedule and Administrative Budget as presented by staff, a copy of which is attached hereto as Exhibit "A, "that lists enforceable obligations of the former redevelopment agency for the period of July 1, 2019 through June 30,2020,including the loans from the City, and authorizes and directs staff to snake payments on the enforceable obligations pursuant to the Recognized Obligation Payment Schedule as to be approved by the San Bernardino Countywide Oversight Board Section 4 This Resolution has been reviewed with respect to applicability of the California Environmental Quality Act ("CEQA") and the State CEQA Guidelines (California Code of Regulations, Title 14, Section 15000 et seq , hereafter the "Guidelines") The Board of the Successor Agency has deternnned that this Resolution is not a "project" for purposes of CEQA, as the term is defined by Guidelines Section 15378, because this Resolution is an administrative activity that will not result in a direct or indirect physical change in the environment (Guidelines Section 15378(b)(5)) 1 1 1Resoiutions\REDEVELOPMENT-SUCCESSOR AGENCYISuccessor Agency Nos 452 1489 FY 2019-20 ROPS.docx ADOPTED, SIGNED AND APPROVED this 15th day of January, 2019 Pall W Faster, Chairman ATTEST q�e�� J ne Donaldson, Secretary 2 11ResolutionslREDEVELOPMENT SUCCESSOR AGENCYISuccessor Agency Nos 452 1489 FY 2019-20 ROPS docx I, Jeanne Donaldson, Secretary of the Successor Agency to the former Redevelopment Agency of the City of Redlands, hereby certify that the foregoing Resolution was duly adopted by the Board of the Successor Agency to the former Redevelopment Agency of the City of Redlands at a special meeting thereof, held on the 15th day of January, 2019,by the following vote AYES Boardmembers Barich, Tejeda, Momberger, Davis, Chairinan foster NOES None ABSENT None ABSTAIN None J ne Donaldson, Secretary 3 I 1Resolutions\REDEVELOPMENT SUCCESSOR AGENCYISuccessor Agency Nos 452 \489 FY 2019-20 ROPS.doex Exhibit "A" 4 11Resoluuons\REDEVELOPMENT SUCCESSOR AGENCYISuccessor Agency Nos 452 14891-Y 2019 20 ROPS.docx Recognized Obligation Payment Schedule(BOPS 19-20) Summary Filed far the July 1 2019 through June 30,2020 Period Successor Agency Redlands County: San Bernardino 19.20A Total 19-20B Total _.ngObligations ,,...,..,._...._ „., ROPS 19-20 Total Current Period Requested Funding for Enforceable BOPS Detail _.. _._.. ... 1 1 ---(July December) {January June),,,,,,,,,,,,,-.,, A Enforceable Obligations Funded as Follows(B+C+D): $ 2,425,336 $ 928,247 $ 3,353,633 B Bond Proceeds C Reserve Balance 2.415,081 885,790 3.300.871 D Other Funds 10,305 42,457 52.762 E Redevelopment Property Tax Trust Fund(RPTTF)(F+G): $ 8,776 $ 1,679,732 $ 1,688,508 F RPTTF 1,670,956 1,670,956 G Administrative RPTTF 8,776 8,776 17.552 H Current Period Enforceable Obligations(A+1=): $ 2.434,162 $ 2,607,979 $ 5,042,141 Certification of Oversight Board Chairman: Pursuant to Section 34177(o)of the Health and Safety code,I hereby certify that the above is a true and accurate Recognized Obligation Name Title Payment Schedule for the above named successor agency. Is! Signature Date , r M 1 II u i � Redlands Recognized Obligation Payment Schedule(ROPS 19-20)-Report of Cash Balances July 1,2016 through June 30,2017 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177(1),Redevelopment Property Tax Trust Fund(RPTTF)may be listed as a source of payment on the ROPS,but only to the extent no other funding source is available or when payment from property tax revenues is required by an enforceable obligation. For tips on haw to complete the Report of Cash Balances Form,see Cash Balance Tips Sheet. A B C D E F G H Fund Sources Bond Proceeds Reserve Balance Other Funds RPTTF Prior ROPS RPTTF and Reserve Rent, Non-Admin ROPS 16-17 Cash Balances Bonds issued on or Bonds issued on or Balances retained Grants, and 07101/16 06/30/17 before12/31/10 1 after 0ll01111 for futureperiod(s) Interest,etc. Admin Comments 121 Beginning Available Cash Balance(Actual 07101/16) RPTTF amount should exclude A period distribution amount 0 0 3.230.273 287,490 (30 Revenue!€ncome(Actual 06130117) RPTTF amount should tie to the ROPS 1 6.1 7 total distribution from the County Auditor-Controller 40,348 3,944,275 3 Expenditures for ROPS 16-17 Enforceable Obligations (Actual 06130117) 3.180.705 12.743 800.657 4 Retention of Avallable Cash Balance(Actual 06/30117) RPTTF amount reta€ned should only include the amounts distributed as reserve for future period(s) 49,568 2,697.688 5 ROPS 16-17 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agencys ROPS 16-17 PPA form submitted to the CAC No entry required 6 Ending Actual Available Cash Balance(06130117) CtoF=(1+2 3 4),G=(1+2 3 4 5) $ 0 $ 0 $ 0 $ 315,095 $ 445,900 Redlands Recognized Obligation Payment Schedule(BOPS 19-20)-Notes July 1,2019 through June 30,2020 Item# I NotealCommonts EXHIBIT"A" Successor Agency to the Redevelopment Agency of the City of Redlands Administrative Budget Fiscal Year 2019-20 Administrative Costs Annual Six Months Salaries $ 12 348 62 $ 6,17431 Pension 2,79915 1,39958 Deffered Compensation 31492 15746 Taxes 74387 371 94 Insurance 27870 13935 Other Benefits 1,066 66 53333 Total $ 17,551.92 $ 8,775 96 *Source of Funding Redevelopment Property Tax Trust Fund 4