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Home My WebLink About462_CCv0001.pdf RESOLUTION NO. 462 A RESOLUTION OF THE SUCCESSOR AGENCY TO THE FORMER REDEVELOPMENT AGENCY OF THE CITY OF REDLANDS ADOPTING A RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR JANUARY THROUGH JUNE 2014 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") under Section 34173 of the Health and Safety Code; and WHEREAS, on September 17, 2013, the Successor Agency adopted a Recognized Obligation Payment Schedule that lists enforceable obligations of the former redevelopment agency for the period of January 1, 2014 though June 30, 2014; NOW, THEREFORE, BE IT RESOLVED by 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 that lists enforceable obligations of the former redevelopment agency for the period of January 1, 2014 though June 30, 2014, including the loans from the City, and authorizes and directs staff to make payments on the enforceable obligations pursuant to the Recognized Obligation Payment Schedule as approved by the Oversight Board. Section 4. The adoption of this Resolution is not intended to and shall not, constitute a waiver by the City or the Successor Agency of any right the City or Successor Agency may have to challenge the legality of all or any portion of Assembly Bill No. 1484, through administrative or judicial proceedings. Section 5. 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, Sections 15000 et seq., hereafter the "Guidelines"). The Board of the Successor Agency has determined 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)). I I:\cclerk\Resolutions�,REI}EVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\462 Successor Agency ROPs I3-14B.doc -D APPROVED this 1'7h day of September. 2013. ADOPTED, SIGNTED -N '-N I 1 113 Peter AgAar, Chairman ATTEST: �am lr<wtr4 ecletary 1, Sam Irwin, Secretary of the Successor Agency of the former Redevelopment Agency of the City of Redlands, hereby certify that the foregoing Resolution was duly adopted by the Successor Agency of the former Redevelopment Agency of the City of Redlands at a regular meeting thereof, held on the 17't'day of September, 2013, by the following vote: AYES: Members Harrison, Foster, Gardner, Gilbreath; Chairman Aguilar NOES: None ABSTAIN: None ABSENT- None Sam Irwin, Secret 2 L,Cclerk\.Resoluiion�1,REDEVFIDPkiF,�,\,'r-S[,';CCESSOR AIGENCY&u"essor Agerey No-,452-A62 Suox ency ROPS 13-14B-dx Recognized Obligation Payment Schedule(ROPS 13-14B) -Summary Filed for the January 1,2014 through June 30,2014 Period Name of Successor Agency: Redlands Name of County: San Bernardino Current Period Requested Funding for Outstanding Debt or Obligation Six-Month Total Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF)Funding A Sources(B+C+D): $ B Bond Proceeds Funding(ROPS Detail) _ C Reserve Balance Funding(ROPS Detail) _ D Other Funding(ROPS Detail) _ E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 4,300,620 F Non-Administrative Costs(ROPS Detail) 4,175,620 G Administrative Costs(ROPS Detail) 125,000 H Current Period Enforceable Obligations(A+E): $ 4,300,620 Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF(E): 4,300,620 J Less Prior Period Adjustment(Report of Prior Period Adjustments Column U) - K Adjusted Current Period RPTTF Requested Funding(1,J) $ 4,300,620 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L EMoroeable Obligations funded with RPTTF(E): 4,300,620 M Lass Prior Period Ad mbmM(Report of Prior Period Adjuhdmw is Cohxnn AS) - N AomW Cwmmt P'edod RPTTF RmpnO d Fum"(1-4111 4,300,620 Certification of Oversight Board Chairman: Pursuant to Section 34177(m)of the Health and Safety code, 1 hereby certify that the above is a true and accurate Recognized Name Title Obligation Payment Schedule for the above named agency. /s/ Signature Date Recognized Obligation Payment Schedule(ROPS)13-14B-Report of Fund Balances (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. A B C O E F G H 1 J K Fund Sources Bond Proceeds Reserve Balance Other RPTTF Review balances retained for Bonds Issued Bonds Issued approved RPTTF balances Rent, on or before on or after enforceable retained for bond Grants, Fund Balance Information by POPS Period 12/31/10 01/01/11 obligations reserves Interest,Etc. Non-Admin Admin Total Comments ROPS NI Actuals 01/01113-6/30113 Beginning Available Fund Balance(Actual 01101/13) Note that for the RPTTF,1+2 should tie to columns L and O In 1 the Report of Prior Period Adjustments(PPAs) 64,420 ",420 Revenue/Income(Actual 06!30113)Note that the RPTTF amounts should tie to the ROPS iii distributions from the County 2 Auditor-Controller 15,087 3,745,726 - $ 31700,613 Expenditures for ROPS IN Enforceable Obligations(Actual 06130113)Note that for the RPTTF,3+4 should tie to columns N 3 1 and S in Me Report of PPAs 856,786 118,577 $ 976,313 Retention of AvaNabls Fund Balance(Actual 06/30/13)Note that the Non-Admin RPTTF amount should only include the 4 retention of reserves for debt service approved in ROPS 111 2,926,375 $ 2,926,375 ROPS M RPTTF Prior Period Ad)ustment Note that the net Non- Admin and Admin RPTTF amounts should tie to columns O and T Ne,entry+e:nn ew 6 in the Report of PPAs. B Ending Actual Available Fund Batance 1+2-3-4-5 = $ _ $ 79,607 $ (37,435),$ (116,527)1 : 76 456 BOPS 13-14A Estimate 07101113-12131/13 BeginMng Available Fund Balance(Actual 071(11/13)(C,D,E, 7 G and 1-4+8 F-H4+F6 and H-5+6) $ $ i 2,926,375 $ 79,507 3 J37,435) $ (118,527) $ 2 849 920 RevenueAncome(Estimate 12131113) Note that the RPTTF amounts should He to the ROPS 13-14A 8 distributions from the County Auditor-ControOer - 15,000 2,831,652 125,000 _;__2,971,462 Expenditures for 13-14A Enforceable Obligations 9 Estimate 12/31/13 2 826.375 247,583 125,000 3,290,966 Retention of Available Fund Balance(Estimate 1281/13) Note that the RPTTF amounts may Include the retention of 10 Ireserves for debt service approved in BOPS 13-14A 819,810 - $ 819,810 11 JE.dig Estimated Avallable Fund Balance +9-9-10 $ 94 607 1 1,926,824 $ (118.5271 1 1 602 604 °as m n nn Wig10g r Rif sr ir o aoeaoa2 oa 040 a_'aaaa 55a 'a + ore o "R 2 v� gu CL sa �a a a r s & � lilt � e A' 4F4s 8� omos+� A zzzzz zz z z < z< z z z zz zzzz zz z z z z z z z z a z z � s A g �$ H P G p +g Z D 9 g M&Ye ILa �uesa�� ao i IR r Y= E ; .. •,Y a ' t ; � g [ITI, i (. . . . . . . . .�. .�. . . . . .L .I- . . �. . . . . .I. . . . . . . : �r s Recognized Obligation Payment Schedule 13-14B - Notes January 1, 2014 through June 30, 2014 Item# Notes/Comments 1 'Obligation has been adjusted to reflect the final amount needed subject to OB approval 2 Obligation has been adjusted to include interest per loan documents 15 Lease of office space. Lease expires June 30, 2013;will not renew. New location to be determined. 38 New enforceable obligation. Loan from City to Successor Agency for legal expenses.