HomeMy WebLinkAbout2020-01 SARDA Resolution RESOLUTION NO. SARDA 2020-01
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY APPROVING A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
THE PERIOD OF JULY 1, 2020 THROUGH JUNE 30, 2021
PURSUANT TO HEALTH AND SAFETY CODE SECTION
34177 AND TAKING CERTAIN ACTIONS IN
CONNECTION THEREWITH
THE BOARD OF DIRECTORS OF THE SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY DOES HEREBY RESOLVE AS FOLLOWS:
Section 1. Recitals. The Board of Directors of the Successor Agency to the
Temecula Redevelopment Agency does hereby find, determine and declare that:
A. The Redevelopment Agency of the City of Temecula was a redevelopment agency
in the City of Temecula, duly created pursuant to the Community Redevelopment Law, Part 1,
commencing with Section 33000, of Division 24 of the California Health and Safety Code
(hereafter the "Temecula Redevelopment Agency"). On June 12, 1988, the Board of Supervisors
of the County of Riverside adopted Ordinance No. 658 adopting and approving the
"Redevelopment Plan for Riverside County Redevelopment Project No. 1988-1." On December
1, 1989, the City of Temecula was incorporated. The boundaries of the Project Area described in
the Plan are entirely within the boundaries of the City of Temecula. On April 9, 1991, the City
Council of the City of Temecula adopted Ordinances Nos. 91-08, 91-11, 91-14, and 91-15
establishing the Redevelopment Agency of the City of Temecula and transferring jurisdiction over
the Plan from the County to the City. Pursuant to Ordinance Nos. 91-11 and 91-15, the City of
Temecula and the Redevelopment Agency of the City of Temecula assumed jurisdiction over the
Plan as of July 1, 1991. The Plan has been amended by Ordinance Nos. 94-33, 06-11 and 07-20
adopted by the City Council.
B. The City Council of the City of Temecula adopted Resolution No. 12-02 January
10, 2012, pursuant to Health and Safety Code Section 34173 and applicable law electing for the
City to serve as the Successor Agency for the Temecula Redevelopment Agency upon the
dissolution of the Redevelopment Agency of the City of Temecula. The City Council of the City
of Temecula, acting as the Governing Body for the Successor Agency to the Temecula
Redevelopment Agency, adopted Resolution No. 12-01 on February 28, 2012 declaring the
Successor Agency to the Temecula Redevelopment Agency duly constituted pursuant to law and
establishing rules and regulations for the operation of the Successor Agency to the Temecula
Redevelopment Agency("Successor Agency").
C. Pursuant to Health and Safety Code Section 34175(b) and the California Supreme
Court's decision in California Redevelopment Association, et al. v. Ana Matosantos, et al.
(53 Ca1.4th 231(2011)), on February 1, 2012, all assets, properties, contracts, leases, books and
records, buildings, and equipment of the former Temecula Redevelopment Agency transferred to
the control of the Successor Agency by operation of law.
D. Pursuant to Health and Safety Code Section 34177(o), the Successor Agency must
prepare a Recognized Obligation Payment Schedule listing the anticipated payments for
enforceable obligations to be made by the Successor Agency during the fiscal period from July 1,
2020 through June 30, 2021 (ROPS 20-21) and submit ROPS 20-21 to the Riverside County
Oversight Board of the Successor Agency (the "Oversight Board") for approval.
E. Accordingly, the Board desires to adopt this Resolution approving the ROPS 20-
21.
Section 2. This Resolution is adopted pursuant to Health and Safety Code Section
34177.
Section 3. The Board hereby approves ROPS 20-21 substantially in the form attached
as Exhibit A to this Resolution and incorporated herein by reference (the"ROPS"). The Executive
Director of the Successor Agency, in consultation with the Successor Agency's legal counsel,may
modify the ROPS 20-21 as the Executive Director or the Successor Agency's legal counsel deems
necessary or advisable.
Section 4. The Board hereby designates the Finance Director as the official to whom
the DOF may make requests for review in connection with the ROPS 20-21 and who shall provide
the DOF with the telephone number and e-mail contact information for the purpose of
communicating with the DOF.
Section 5. Staff is hereby authorized and directed to post a copy of the Oversight
Board-approved ROPS 20-21 on the Successor Agency's website.
Section 6. The officers and staff of the Successor Agency are hereby authorized and
directed, jointly and severally, to do any and all things which they may deem necessary or
advisable to effectuate this Resolution, including submitting the ROPS 20-21 to the oversight
board for approval and requesting additional review by the DOF and an opportunity to meet and
confer on any disputed items, and any such actions previously taken by such officers are hereby
ratified and confirmed.
Section 7. The Secretary shall certify to the adoption of this Resolution.
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PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Successor
Agency to the Temecula Redevelopment Agency this 28th day of January, 2020.
James Stewart, Chair
ATTEST•
Randi J i• .-cretary
[SEAL]
3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl, Secretary of the Successor Agency to the Temecula Redevelopment Agency,
do hereby certify that the foregoing Resolution No. SARDA 2020-01 was duly and regularly
adopted by the Board of Directors of the Successor Agency to the Temecula Redevelopment
Agency at a meeting thereof held on the 28th day of January, 2020, by the following vote:
AYES: 3 BOARD MEMBERS: Rahn, Schwank, Stewart
NOES: 0 BOARD MEMBERS: None
ABSTAIN: 0 BOARD MEMBERS: None
ABSENT: 2 BOARD MEMBERS: Edwards, Naggar
Randi Johl, Secretary
4
EXHIBIT A
Recognized Obligations Payment Schedule (ROPS) for the period
July 1, 2020 through June 30, 2021 (ROPS 20-21)
Exhibit A
Recognized Obligation Payment Schedule (ROPS 20-21) - Summary
Filed for the July 1, 2020 through June 30, 2021 Period
Successor Agency: Temecula
County: Riverside
Current Period Requested Funding for Enforceable 20-21A Total 20-21B Total ROPS 20-21
Obligations (ROPS Detail) (July - (January - Total
December) June)
A Enforceable Obligations Funded as Follows (B+C+D) $ 14,296,469 $ - $ 14,296,469
B Bond Proceeds 13,073,969 - 13,073,969
C Reserve Balance 1,222,500 - 1,222,500
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 4,101,249 $ 3,946,841 $ 8,048,090
F RPTTF 3,976,249 3,821,841 7,798,090
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 18,397,718 $ 3,946,841 $ 22,344,559
Certification of Oversight Board Chairman:
Name Title
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency. /s/
Signature Date
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Temecula
ihNo Recognized Obligation Payment Schedule (ROPS 20-21) - Notes
July 1, 2020 through June 30, 2021
Item # Notes/Comments
1
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5
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20
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