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Home My WebLink About477_CCv0001.pdf RESOLUTION NO. 477 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 1, 2016 THROUGH JUNE 30, 2017 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 19, 2016, 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, 2016 through June 30, 2017; 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, 2016 through June 30, 2017, 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 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)). l:\cclerk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\477 ROPS_Reso_Update 16-17.docx ADOPTED, SIGNED AND APPROVED this 19'h day of January, 2016. Paul W. Foster, Chairman ATTEST: '��A Sam Irwi , S cretary 1:\cclerk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\177 ROPS_Reso_Update 16-17.docx I, Sam Irwin, Secretary of the Successor Agency to the fonner 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 190' day of January, 2016, by the following vote: AYES: Boardmembers Harrison, Gilbreath, Barich, James; Chairman Foster NOES: None ABSTAIN: None ABSENT: None Sam Irwin, Secretary 1:\ccicrk\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\377 ROPS_Reso_Update 16-17.docx EXHIBIT"A" Recognized Obligation Payment Schedule for July 1, 2016 to June 30, 2017 (ROPS 16-17) I:\cclerl-\Resolutions\REDEVELOPMENT-SUCCESSOR AGENCY\Successor Agency Nos 452-\477 ROPS_Reso_Update 16-17.docx Recognized Obligation Payment Schedule(ROPS 16-17)-Summary Filed for the July 1,2016 through June 30,2017 Period Successor Agency: Redlands County: San Bernardino ROPS 16-17 Current Period Requested Funding for Enforceable Obligations(ROPS Detail) 16-17A Total 16-17B Total Total Enforceable Obligations Funded with Non-Redevelopment Property Tax Trust Fund(RPTTF) A Funding Sources(B+C+D): $ 3,245,125 $ $ 3,245,125 8 Bond Proceeds Funding - - C Reserve Balance Funding 3,230,273 3,230,273 D Other Funding 14,852 14,852 E Enforceable Obligations Funded with RPTTF Funding(F+G): $ 362,584 $ 3,799,770 $ 4,162,354 F Non-Administrative Costs 237,584 3,674,770 3,912,354 G Administrative Casts 125,000 125,000 250,000 H Current Period Enforceable Obligations(A+E): $ 3,607,709 $ 3,799,770 $ 7,407,479 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 Name Title Obligation Payment Schedule for the above named successor /s! agency. Signature Date N-0 I—lk.11 1.47A 19-ITO 46 R7 Redlands Recognized Obligation Payment Schedule(ROPS 16.17)-Report of Cash Balances (Report Amounts in Whole Dollars) Pursuant to Health and Safety code section 34177(1),Redevelopment Property Tax Trost Fund(RPTTF)maybe listed as a source of payment on the BOPS,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 an how to complete the Report of Cash Balances Form,see CASH BALANCE TIPS SHUT A B C I O I E I F I G H I Fund Sources Bond Proceeds Reserve Balance Other RPTTF Prior ROPS Prior ROPS period balances RPTTF Bonds issued an and DDR RPTTF distributed as Rent, Non-Admin or baro,. Bonds issued on balances reserve for future grants, and Cash Balance Information bX ROPS Period 12131110 or after 01101111 retained perlod(s) Interest.etc. Admin Comments ROPS 15.16A Actuals(07101ft5-12131115 1 Beginning Available Cash Balance(Actual 07101115) 3,650.746 1,850.233 240,590 115.428 2 Ravenuellncome,(Actual 12131115) RPTTF amounts should to to the RODS 15-I GA distribution from the County Auditor-Contraller during June 2015 10.295 16,100 1.182,065 3 Expenditures far BOPS 15.10A Enforceable Obligations(Actual 12131115) 60.3051 1.782.432 143,040 1.208,381 4 Retention-(Available Cash Salable(Actual 12131115) RPTTF amount retained should onty include the amounts distributed as reserve for future periods) 67.861 89,112 5 ROPS 15-16A RPTTF Balances Remaining k!o$Wiry r.quiled 6 Ending Actual Available Cash Balance IC to 6-(1+2.3.4),H=(1+2-3.4.5) S 3,610,736 S S -IS - ; 113,950 $ ROPS 15.168 Estimate 01101116.66130)16 7 Beginning Available Cash Balance(Actual 01101/16) I%D,E,G-4 r 6,F e H4♦F4.F6,and H=5 a 6) S 3,610,736 S S ; 156.913 $ 113,950 S 8 Rev.nuenncem.(Estimate 06130)16( RPTTF amounts should Oe to the ROPS 15-163 disbibubon from the County Audtor-Controller during January 2016 50,000 3,545,143 9 Expenditures for ROPS 15.16B Enforceable Obligations(Estimate 06130116) 50,000 67.801 99,096 403.982 10 Retention of Available Cash Balance(Estimate 06130116) RPTTF amount retained should only Include the amounts distributed as ra88rve for future period(s) 11 Ending Estimated Available Cash Balance(7 4 8-9.10) S 3,610,736 ; S $ 89.112 $ 14,552 r. 3,441.161 Redlands Recognized Obligation Payment Schedule(BOPS 16-17)-Notes July 1,2018 through June 30,2017 Item# NoteslComments 12 Previous contract with audit firm ended with the audit of Fiscal Year Ending June 30,2015;anew contract will be put into place with estimated costs of$2,700 per yr. 39 Total obligation for ROPS 16-17=$450,000($300K from previous ROPS cycles;150K for this ROPS cycle). Previous entries denied by DOF because the responsible housing entity(Housing Authority of San Bernardino County)has not submitted the Housing Asset Transfer(HAT)list to the DOF. As such,DOF has not allowed the Successor Agency to pay this obligation. It is not known at this time(BOPS 16-17)whether or not the County has submitted the HAT,but the outstanding obligation remains.