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Home My WebLink About471_CCv0001.pdf RESOLUTION NO. 471 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 FOR JULY THROUGH DECEMBER 2015 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 February 17, 2015, 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, 2015 though December 31, 2015; 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 as presented by staff that lists enforceable obligations of the former redevelopment agency for the period of July 1, 2015 though December 31, 2015, 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 subsequently approved by the Oversight Board. Section 4. The adoption of this Resolution is not intended and shall not constitute a waiver by the Successor Agency of any right the 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, Section 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 tenn 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:\cclerk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\471 RODS 15- 16A.doc ADOPTED, SIGNED AND APPROVED this 17`x' day of February, 2015. 0 ( )� 6)��Q — Paul W. Foster, C iairman ATTEST: Sam Irwi e etary I:\cclerk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\471 ROPS 15- 16A.doc I, Sam Irwin, 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 17°i day of February, 2015, by the following vote: AYES: Board Members Harrison, Gilbreath, Barich, James; Chairman Foster NOES: None ABSTAIN: None ABSENT: None Sam Irwin, Secretary I:\cclerk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\471 ROPS 15- 16A.doc EXHIBIT"A" Recognized Obligation Payment Schedule for July 1, 2015 to December 31, 2015 (ROPS 15-16A) 1;1cclerk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY1Successor Agency Nos 452-1471 ROPS 15- 16A.doc Recognized Obligation Payment Schedule(ROPS 15-16A)-Summary Filed for the July 1,2015 through December 31,2015 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): $ 1,824,682 B Bond Proceeds Funding(ROPS Detail) - C Reserve Balance Funding(ROPS Detail) 1,699,662 D Other Funding(ROPS Detail) 125,000 E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 1,603,514 F Non-Administrative Costs(ROPS Detail) 1,603,514 G Administrative Costs(ROPS Detail) H Current Period Enforceable Obligations(A+E): $ 3,428,196 Successor Agency Self-Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF(E): 1,603,514 J Less Prior Period Adjustment(Report of Prior Period Adjustments Column S) (103,899) K Adjusted Current Period RPTTF Requested Funding(I-J) $ 1,499,615 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF(E): 1,603,514 M Less Prior Period Adjustment(Report of Prior Period Adjustments Column AA) - N Adjusted Current Period RPTTF Requested Funding(L-M) 1,603,514 Certification of Oversight Board Chairman: Pursuant to Section 34177(m)of the Health and Safety code,I 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 15-1$A)-RODS befall July 1,2015 through December 31,2015 IRepon Amounts in Vwhole Dollars) Ftem e C D E F G H I J K L M N D P Fundin Sao- NemRedavelopment Properly Tax Trust Fund (Non-RPTTF) RPTTF ContracfilAgreement ContracVAgreement Total Outstanding Project Name 1 Deht Obligation obliaaran 7 pe Execution Date Termination Date Pa ee Descri ti.WPro'ct Sce a Project Area Debt or Obligation Retired Bond Proceeds Reserve Balance Other Funds Non-Admin Admin S.ix-Month Tulal $ 29849,376 $ - 5 1699,682 5 125.000 5 1603.514 $ - $ 3.428.196 1 err fw Demand - mend C s E2 - i of ds fro c to r oa a de tl _ __ $ 2 Loan for Enforceable Obligations CitylCounty Loans 7120!2012 - 8/10/2014 City of Redlands Loan from city to pay enforceable Downtown - Y $ After6127111 obligations 3 1998 A Tax Allocation Refunding Bends issued On or 12/7/1998 81112022 US Bank Bond issue to fund non-housing D-110 n 15,629,123 N 1,699,682 143.137 5 1,842,819 Bonds Before 12171110 projects 4 2003 A Tax Allocation Refunding Bonds Issued After 11/12003 811!2022 US Bank Bond issue to fund housingfnon- Downtown 8,595,438 N 808,325 $ 806,32$ Bands 12131110 h-1.9 R,o.cls 5 2007 A Tax Allocation Bonds Bands Issued On a 8!112007 811,2022 US Hank Band issue to rand housing projects Devmtuwn 2,485,932 N 385,525 3 385,525 Before 12/11/10 6 Fiscal Agent Fees Fees 1/112014 8112022 US Bank Annual fiscal agent fees far bond Downtewn 122.500 N 26.250 $ 26,250 7E hry-fAdm1.1.1tative Cos% Fees 111,2014 811,2022 cls of Redlands Bond debt service adMinistratiart Downtown 291022 N 2,717 3 2.717 8 CityAtt.. Services Fees 11112014 8112022 City of Redlands Bond debtservices corlswy services Downtown 77,120 N 720 S 720 9 Contract for Legal Services Fees 111192006 8112022 Stradling Yocca Carson& Bond debtservlee advisory sewlms Downtown - Y - - 3 Ra dir 10 Contract for Continuing Disclosure Fees 711 82fioiai 8112022 Applied Beat Practices Annual continuing dlscEosure for bond Downtown 20,000 N 1,250 S 1,250 issues 11 Contract(or Tax Sharing Fee. 2!172004 BA2022 HdL Caren&Cone Annual tax sharng calculation updates.Downtown - Y - -JS Calwlatians 12 Contract for Auditing Services Admin Costs 573!2011 8!112022 Lance,Sal 8 Lun hard Annual smiGn services Downtown S1,199 N 2.534- 2,534 13 Contract for Le al Services Admin Costs 3232010 8112022 Best East&Kraus,LLP L...l advice on A en dissolution D.-t 19,200 N 1200, 1.200 b4Em la ueMirinistrative Coals Admin Costs 11112014 71112018 Ci of Redlands Management ofthe Oversight Board Downtown 1801528 N 1,686 1,588 17 Lease.of Office S ace-Tale hone Atlmin Costs 1112014 8112022 Verizon&ATT Tele hone and Ion distance sernae Downtown 124 100 N 7 750 - 7 750 21 Ofhce Equipment Lease Admin Coats 1112014 8112022 Xerox Multi-lundonal panting device Downtown 38,400 N 2,406 - 2,400 outract _ 22 EreplayiefAEminlshotive Costs Property 71112014 8r3012d14 City of Redlands Management and upkeep cf real 4Mrmtos- B493 N 8.,493 5 8.493 Maintenance p(opuntv 21 EmpioyeelAdadnistrative Costs P-perty 1112014 613012014 City of Redlands Administmtron of dlspmit on of real 'Dowmown 5,900 N 5,000 5 5,000 01!F-on. ril 24 City Anorney Services Admin Costs 11112014 81V2022 City al Redlands Legal advice an disposition of real Downtavm 24,600 N 1,350 $ 1,350 p,.V.rly 26 Consultant Costs Property 1112014 6!302014 Various Disposibon of real property Downtown - N - $ - _ Disputation. 29 Staff SaEaaes and Seneffts Admin Costs 11112014 811!2022 City of Redlands So..-..r Anvny administration Downtown 1,956,907 N 98330 S 96,130 30 Staff Overhead Admin Costs 1142014 81112022 Ci of Redlands SluceessorArparray administration Downtown _ 577780 N 5.390 $ 5390 31 Staff Ratirea Charge Admin Costs 11112014 81112022 City of Redlands Successor Agency administration Downtown 39.215 N 366 S 366 32 Information Technology Char a Adnin Costs 1112014 8/112022 City of Redlands Successor Agency administration Downtown 16428 N 153 S 153 33 Meetings and Professional Admin Costs 11V2014 81112022 City or Redi.nd. Successor Agency administration Downtown 9,120 N 570 - 3 570 Develciment 34 Travel and Reimbursement Admin Casts 1112074 8012022 Cityof Redlands Successor A an admi.i.t.tion Downtown 9,120 N 570 $ 570 35 Printing and Pastae Admin Costs JIM2014 81112022 City or Redlands Successor Agency administration Downtown - 17.088 N 1,068 3 1.068 36 Advertising Public Notices Admin Costs 1112014 8!12022 Ci. of Redlands Successor en administration Downtown 12.096' N 756 $ 756 37 Other AdministrativelOffica Costs Admin Costs 1112014 81112022 C4 of Redlands Successor Agency administration Downtown 31,584. N 1,974 S 1,974 38 Laan[or Legal Services CityfCounly loans 71812013 613612014 City of Redlands Legal Repfesent.t.n f.,Liligitien Oowntawn 67,404 Y - 5 Alter fil27f1 I 39 Housing Entity Admin Cost Fces 7142014 71"20111 Housing Authority of the AB 471 Legislation 6110,000 fl - 225.000 5 225.000 Carrily of San Barnardino 40 N S 41 N $ 42 N $ 43 1 N $ 441 N 3 45 N 3 46 N $ 47 N $ 481 N $ 49 N S Recognized Obligation Payment Schedule CROPS 15-16A)-Report of Cash Balances (Report Amounts in Whole Dollars) Pursuant to Health and Safety Cade section 34177(1),Redevelopment Property Tax Trust Fund(RPTTF)may be listed as a source of payment on the RODS,but only to the extent no otherfunding source is available or when payment from property tax revenues is required by an enforceable obligation. Fortips on how to complete the Report of Cash Balances Form,see https:llrad.dof.ca.gov/rad- .52/pdf/Cash Balance Agency, Tis Sheet. df. A B C ❑ E F G H I Fund Sources Band Proceeds Reserve Balance Other RPTTF Prior ROPS Prior ROPS RPTTF Bonds Issued on period balances distributed as Rent, Non-Admin or before Bands Issued on and DDR RPTTF reserve for future Grants, and Cash Balance Information by ROPS Period 12131/10 or after 01/01/11 balances retained periods) Interest,Etc. Admin Comments ROPS 14-15A Actuals 67101!14-12/31114) 1 Beginning Available Cash Balance(Actual 07101114) 3,655,286 4,979,232 176,551 238,710 _ 2 Revenuelincome(Actual 12131114) RPTTF amounts should tie to the ROPS 14-15A distribution from the County AuditorControllerduring June 2014 19,961 23,646 148,066 3 Expenditures for BOPS 14-1 SA Enforceable Obligations(Actual 12131114) RPTTF amounts,H3 plus H4 should equal total reported actual expenditures in the Report of PPA,Columns L and Q 59,753 1 1 1 2.974,6117 200,129 4 Retention of Available Cash Balance(Actual 12131114) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 3,615.504 5 ROPS 14.15A RPTTF Prior Period Adjustment RPTTF amount should tie to the self-reported ROPS 14-15A PPA in the No entry required Report of PPA,Column S 103,899 6 Ending Actual Available Cash Balance C to G=(1+2-3-4),H=(1+2-3-4-5) $ - $ - $ - $ 2,004,422 $ 200,197 $ 62,748 ROPS 14-168 Estimate(01101115-06130115) 7 1 Beginning Available Cash Balance(Actual 01101115) (C,D,E,G=4+6,F=H4+F4+F6,andH=5+6) $ 3,615,504 $ - $ - $ 2,004,422 $ 200,197 $ 186,647 8 Revenuelincome(Estimate 06130115) RPTTF amounts should tie to the RODS 14-15B distribution from the County Auditor-Controller dridno January 2015 10,000 3,325,574 9 Expenditures for ROPS 14-15B Enforceable Obligations(Estimate 66130115) 342,819 3,287,495 10 Retention of Available Cash Balance(Estimate 06/30115) RPTTF amount retained should only include the amounts distributed as reserve for futureperiod(s) 3,625,504 1.861,603 38,079 11 1 Ending Estimated Available Cash Balance(7+8-9-10) $ - $ - $ - $ - s 200,197 5 166,647 RasupwYaR aglgarlwr PngmerRSEM1Mrk IRalS tLv.P1•�awl e0lrtm lxbd AtlN+Omaha Peyrt.E twfhe R9F5 Y}15p I.a,Y 1.AS41Ma�Pfhfernro.3t AvdM P.emdPureusmla Realm aM Salary tbtle lvsCl retlrneittz•51a1 IRwurr nrcares n vunele wars] _ Ran tsfw uan�:rooa a.rrkPd�y uR GPG ym 5r.spa rre n�Ps Is..un tv�"*`^a=ria w Rovsle.r5ASuwaawM9rrc'.Yl�l9eY<apeaNlrlw PaMdAdfeatmaMz{MM1PL'eawMlo HBC SNImaasaglel SPsare reqred lorepv[me.dXerear,em YeNmenlrelr PeNY as aWefurGnarMNeirecusleapenl9aezfw Yre ROP514t5A1JWy MrwAltGzemx A+¢I Pr of rn amwl aw PJC rrralre5r✓tce.s reef oe.en°Noo onn hrrxgl®al ce✓a k+712W a.er�wa 1".s'aw^R'Y r Re9Yrmbpeem PrapoM1yTU TrtieOFW IRPrtPI PptuaNlor{rye RCPT tiv6A lfWyaHagM1 aerxrrLet 31151 Pellludw'OaaMYtiy ae SP'zsearepnrutl fl9P5 v415R Prmr penoaagssmram.HSG 9ecran Jata51ai a6osgeedies WtbpPv pamd.a$reJrurrtsreP-reaa1NMSPsare ar4psl ka :akJasth PP4!hn+rh Nw Nn FA^s�cvrfa wsmrrrmto ce lnla',RGa P•a EemY,6 aru rrei to LMS iLLNe Hale cmureiier arMal axa M NnrwFllTf aMNaez xrrlF Ex aw+veMrel Nee-b.i. P.wui PPrff] - lrebdew Sac Rrrtsl Ix�m.l.ewa {Na We rP.eL MrYW elw wW Slew..ru N pa<vWi+vn mol�• }� en 5 xr YS.rA 5 rate99 f - Yigate 39.ns f - - f EeSPmeavm+w Iw Leel I 1. I. ! pemmbLsnw - - S f v�2Q r f 1 S 5' v f - as f irr.amvr - s3 FryloyerseraY - - va +.awn S LI.WR atrSl F 4ala 11 O. 3x 1M�um 11 yem�paan - - f N FnmeeiV r Recognized Obligation Payment Schedule(ROPS 15.16A)-Notes July 1,2015 through December 30,2015 Item# Notes/Comments 2 Loan for Enforceable Obligations-City of Redlands. This item,approved for payment by the DOF,will be paid and the line item retired. 6 Due to the timing of the invoicing by the vendor,we did not list the semi-annual payment amount$8,750 as a non-administrative RPTTF obligation on ROPS 14- 158 and need to add this amount to ROPS 15-16A. To ensure that there is adequate funding to pay the full upcoming annual obligation,we have included the annual amount of$17,500 plus the amount requested to cover the ROPS 14-1513 period($17,500+$6,750=$26,250), 7,8,13, These line items-representing the Agency's six-month$125,000 administrative allowance-typically appear in the RPTTF Administration column. However,due 14,17,21,to the fact that cash balance funds are available under the"Other Funds"category(rents,grant,interests,etc.),and those funds are required by the DOF to be 24,29-37 used if available,these line items have been moved to the Non-Redevelopment Proeprty Tax Trust Fund"Other Funds"column. (They are still considered funds that will be used for administrative activities.) 9 Contract for Legal Services-Stradling Yocca Carlson&Rauth. Services provided by this firm are no longer required. This item will be retired. 11 Contract for Tax Sharing Calculations-HdL Coren&Cone. Services provided by this firm are no longer required. This item will be retired. Employee/Administrative Costs-Property Maintenance. The Agency's Long-Range Property Management Plan has not been approved yet. Ongoing 22 maintenance activities for Agency properties will continue. Employee/Administrative Costs-Property Dispositions. The Agency's Long-Range Property Management Plan has not been approved yet. Ongoing 23 administrative activities for Agency properties will continue. 38 Loan for Legal Services-City of Redlands. This item,approved for payment by the DOF,will be paid and the line item retired. Housing Entity Admin Cost-AB 471 Legislation, This item was denied on the previous ROPS 14-158($150,000 for two cycles)due to Housing Asset Transfer lis not submitted by County Housing Authority. Should the HAT be submitted during this BOPS period,then the initial amount of$150,000 plus the amount for this 39 reporting period($75,000)for a total of$225,000 will be paid pending available funds.