HomeMy WebLinkAbout11-10 RDA Resolution RESOLUTION NO. RDA 11-10
A RESOLUTION OF THE REDEVELOPMENT AGENCY
OF THE CITY OF TEMECULA APPROVING A
PRELIMINARY DRAFT OF AN INITIAL RECOGNIZED
OBLIGATION PAYMENT SCHEDULE PURSUANT TO
PART 1.8 OF DIVISION 24 OF THE CALIFORNIA
HEALTH AND SAFETY CODE AND TAKING CERTAIN
ACTIONS IN CONNECTION THEREWITH
THE MEMBERS OF THE REDEVELOPMENT AGENCY OF THE CITY OF
TEMECULA HEREBY RESOLVE AS FOLLOWS:
Section 1. The Redevelopment Agency of the City of Temecula does hereby
find, determine and deciare that:
A. The Redevelopment Agency of the City of Temecula (the "Agency") is a
redevelopment agency in the City of Temecula (the "City"), created pursuant to the
Community Redevelopment Law (Part 1(commencing with Section 33000) of Division
24 of the California Health and Safety Code) (the "Redevelopment Law").
B. 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" (hereafter the "Plan") in
accordance with the provisions of the CRL. On December 1, 1989, the City of
Temecula was incorporated. The boundaries of the Project Area described in the Plan
(the "Project Area") 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. The Agency duly adopted its Implementation Plan for 2010-2014 on December
8, 2009 in accordance with Health and Safety Code Section 33490. The Agency is
undertaking a program to redevelop the Project Area.
C. ABX1 26 was signed by the Governor of California on June 29, 2011,
making certain changes to the Redevelopment Law, including adding Part 1.8
(commencing with Section 34161) and Part 1.85 (commencing with Section 34170) to
Division 24 of the California Health and Safety Code. Commencing upon the
effectiveness of ABX1 26, ABX1 26 suspends most redevelopment agency activities
and, among other things, prohibits redevelopment agencies from incurring indebtedness
or entering into or modifying contracts. Effective October 1, 2011, ABX1 26 dissolves
all existing redevelopment agencies and redevelopment agency components of
community development agencies, designates successor agencies to the former
redevelopment agencies, imposes numerous requirements on the successor agencies
R:/RDA Resos 2011/RDA 11-10 1
and subjects successor agency actions to the review of oversight boards established
pursuant to the provisions of Part 1.85.
D. Health and Safety Code Section 34169 (h), which is set forth in Part 1.8,
requires a redevelopment agency to prepare a preliminary draft of an initial recognized
obligation payment schedule by no later than September 30, 2011, and provide it to the
successor agency, if a successor agency is established pursuant to Part 1.85. The
initial recognized obligation payment schedule must set forth the minimum payment
amounts and due dates of payments required by enforceable obligations for the six-
month period from January 1, 2012 through June 30, 2012.
E. ABX1 27 was signed by the Governor of California on June 29, 2011,
adding Part 1.9 (commencing with Section 34192) to Division 24 of the California Health
and Safety Code. Part 1.9 establishes an Alternative Voluntary Redevelopment
Program whereby, notwithstanding the provisions of Part 1.8 and Part 1.85, a
redevelopment agency will be authorized to continue to exist and carry out the
provisions of the Redevelopment Law upon the enactment, prior to the applicable
deadline established in Part 1.9 (with the earliest deadline being October 1, 2011), by
the city council of the city which includes that redevelopment agency of an ordinance to
comply with Part 1.9. Pursuant to Health and Safety Code Section 34192, if a city
participates in the Alternative Voluntary Redevelopment Program and complies with all
requirements and obligations contained in Part 1.9, the redevelopment agency in that
city will be exempt from Part 1.8 and Part 1.85.
F. The California Redevelopment Association and League of California Cities
have filed a lawsuit in the Supreme Court of California alleging that ABX1 26 and ABX1
27 are unconstitutional. On August 11, 2011, the Supreme Court of California decided
to hear the case and set a briefing schedule designed to allow the Supreme Court to
decide the case before January 15, 2012. On August 11, 2011, the Supreme Court also
issued a stay order, which was subsequently modified on August 17, 2011. Pursuant to
the modified stay order, the Supreme Court granted a stay of all of ABX1 27 (i.e., Part
1.9), except for Health and Safety Code Section 34194(b)(2) (relating to the
determination of cities' fiscal year 2011-12 remittance amounts) and a partial stay of
ABX1 26. With respect to ABX1 26, Part 1.85 was stayed in its entirety, but Part 1.8
(including Health and Safety Code Section 34169) was not stayed. Accordingly, the
Agency desires to approve a preliminary draft of an initial recognized obligation
payment schedule.
Section 2. This Resolution is adopted pursuant to Health and Safety Code
Section 34169.
Section 3. The Agency hereby approves the preliminary draft of the initial
recognized obligation payment schedule substantially in the form attached as Exhibit A
to this Resolution and incorporated herein by reference (the "ROPS"). The Executive
Director of the Agency, in consultation with the Agency's legal counsel, may modify the
R:/RDA Resos 2011/RDA 11-10 2
ROPS as the Executive Director or the Agency's legai counsel deems necessary or
advisable.
Section 4. The Agency Secretary is hereby authorized and directed to transmit
a copy of the ROPS to the successor agency designated pursuant to Part 1.85 if a
successor agency has been designated.
Section 5. The Agency hereby designates the Director of Finance as the
official to whom the Department of Finance may make requests for review in connection
with the ROPS and who shall provide the Department of Finance with the telephone
number and e-mail contact information for the purpose of communicating with the
Department of Finance.
Section 6. The officers and staff of the Agency are herby authorized and
directed, jointly and severally, to do any and all things which they may deem necessary
or advisable to effectuate this Resolution, and any such actions previously taken by
such officers are hereby ratified and confirmed.
Section 7. The approval of the ROPS is not intended and shall not constitute a
wavier by the Agency of any rights the Agency may have to challenge the legality of all
or any portion of ABX1 26 or ABX1 27 through administrative or judicial proceedings.
Section 8. This Resolution has been reviewed with respect to applicability of
the California Environmental Quality Act ("CEQA"), the State CEQA Guidelines
(California Code of Regulations, Title 14, Sections 15000 et seq., hereafter the
"Guidelines"), and the Agency's environmental guidelines. The Agency has determined
that this Resolution is not a"projecY' for purposes of CEQA, as that term is defined by
Guidelines Section 15378, because this Resolution is an organizational or
administrative activity that will not result in a direct or indirect physical change in the
environment. (Guidelines Section 15378(b) (5)).
Section 9. The Agency Secretary shall certify to the adoption of this resolution
in the manner required by law.
R:/RDA Resos 2011/RDA 11-10 3
PASSED, APPROVED, AND ADOPTED by the Members of the Redevelopment
Agency of the City of Temecula this 27th day of September, 2011.
\�
Michael S. Naggar, Chairperson
ATTEST:
Susan . Jone MMC
rk/Board creta
[SEAL]
R:/RDA Resos 2011/RDA 11-10 4
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Redevelopment
Agency of the City of Temecula, do hereby certify that the foregoing Resolution No. RDA
11-10 was duly and regularly adopted by the Members of the Redevelopment Agency of
the City of Temecula at a meeting thereof held on the 27th day of September, 2011, by the
following vote:
AYES: 5 AGENCY MEMBERS: Comerchero, Edwards, Roberts,
Washington, Naggar
NOES: 0 AGENCY MEMBERS: None
ABSENT: 0 AGENCY MEMBERS: None
ABSTAIN: 0 AGENCY MEMBERS: None
Susan W Jones, MMC
Ci Clerk/B ard Secretary
R:/RDA Resos 2011/RDA 11-10 5
EXHIBIT A
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
R:/RDA Resos 2011/RDA 11-10 6
_ � _
Neme of Redevelopmen[ Agency: Temecuia Redevelo men� A en Page 1 012 Pages
Projnci Area(s) All
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Total Ou6lantlinB Tolal Due During Pa menLS 0 montn �
Pro' tt Nama / DeEt Obligauon Payee DBSCNPIbn FuM!n Source De6t or Obll tio� Fisrai Vea� Jan Fe� Mar Apr Ma June Tafel
1 GSUSM Cam us Fundi A reement Cal Sfate San Marcqs Satellile Cam ui Deveb manl Reserv¢5 471.fi24.00 288.584.43 2tltl.584.43 788,SB4.A3
2 Ab6ottOPA AbOOttVascular Pro ert TaxReimbursmenl Nedeve entTrustFunO 7.9t0.000.00 t59.000.00 0.00
3 Pa wtl-A en Adminislralion A 0 Slafl / n SteN Com ation Atlmin Cast Allowance 612.868.00 Bt2.966.00 66.544.56 6fi,549.58 93,803.78 46.544.5Fi fi6.544.5fi 6R,544.Sfi 42fi,526.50
4 Promisso Note Cit of Temecula 6ih Svicet Park Loi Retleveb mentTrust Fund 1,903,333.00 439,822.00 <39.ti22,Q� 479,822.00
5 Protes5ional Services A reemenl BroWn Banz 8 CoEtlin ton ComrtwNl Oevelo0ment Blotk Grant Enlillemenl LMIHF! Red. Teu51 FunE 29.00O.CO 29,000.00 a.d;36.W 4.834.00 4.634.00 4,B:f4.W 4.830.00 4.830.00 29,000.00
fi ProleSSionalSCrviteSA reemem Ke serMarsronASSOCiaieS RealEsfale/EcoramicAnal5i9 LMIHF/ReE.TruslFunO 75,000.00 75,OW.00 fi.250.00 6.25U.00 fi250.00 0,250.00 6250.00 6.2W.00 37,:A0.00
7 Jellerson Conidor Multi Jurisd�ictional SwA Cal Trans In-Kintl ConlriDUliuo� for Cal-Trans Grant LMIHF! Retl. Ttust FunE /,850.00 7.650.00 1.046,67 1.046.87 1,646.67 t.046.67 1.046.87 t.048.65 G,Y80.U0
B Professionul Services A reement Lanca Soll 8 Lu ard A enc Autliiin Servirzs Redeveb menl Trust Fund 19,930.00 13.930.32 6.965.32 6.965.32
9 Protessional Services A reement Envlronmemal SCicnce Assotiales JeFerson Corndor SceUfic Plan EIR IMIHF / Retl. Trust Funtl 189,220.00 19fl220.00 3t �3fi,67 31.S:i6.67 31.536.67 31,53ti.ti7 31.536.67 71.536 BS 189220.00
7U Protesslonai Services A reement Inlantl Plannin 8 Desi n Jefferson Corridor S ciM Plan Retlevelo mem Trusi Fund 81.123D0 81.123.0(1 G.760,25 G.76025 6.76025 8.760.25 6.760 25 6.76025 A0,581.50
7� Professlonal Services A reement Richards Wa�son d Gershan A nec L al Se��ices LMINF / ReA. Trust Fund 735,000.00 135,UOU.00 11,150.00 11250.00 11250.00 11.250,00 11250 00 11,250.00 G7,500.00
12 Non Personrrel A briG Adrtdnislra�ion MuIti0ln Pa eea O n A enc Aeminisirelion LMIHF / ReE. Trust FunU 375.242.00 375242.00 31270.17 31.270.17 31270.17 31,270.17 31,270.17 31,270.15 1B7.G21.00
13 Pro an Ta. ACmin Fee RivnrslCe Coum TaK Assessor Coun Atlmin,vation Fee Redevelooment Trust Funtl 233.000.00 233,000.00 733.000.00 273.000.00
14) Tiustee Admin Fees US Bank as Trustee for BoMMIOers Trustee Fees for 7AB Bontl Issues ReEevelopment - ITust Fund 18.7fi0.00 tB.760.00 0.00
15 2002 TAB FV 2011/12 US Bank as Tr��ee for BoMMlders �ontls Issues m Fund Affortlable Housi Redevebpment Trusl Fund 44,5BBA91.25 1,776,063.75 630,355.63 630,355.83
16) 2006 7A8 Series A FY 2�77/12 US Bank as Trustee for Boritlfai0ers Bonds Issues m Fund AHordahle flousing Redavelopmem Trus� FwW 30.SBB.675.00 997.83625 363,318.13 763,318.13
17j 200G TAB Scries � FY 2�7 t/12 US Bank as 7rusiee for Bondholders BoMS Issues a fund Aflardable Housing Retlevebpment Trust Fund 5,5t1,B56.BB 199,FA623 71,753.13 77,753.t3
1B)2007TABFY2011/12 USDankaSTrusleBbrBwtlholders BOM5155WSlOFurNAROr08018HOUSi RetlevebPmenlTruS�FunC 30,2B1,B25.00 1,092„1G4.3B C10,668.13 410,fi68.13
19) 2010 Housing TAB Se�ies A 6 B fY 201 t112 US Bank as Trustee for BoMtwlaers Bontls Issues to FurM AHwCaEle Hausi(g Redevehpment T'ust Fund �2,2&5,678.00 1,250.094.80 502.797.40 502,797.40
20) 2017 Mousin TAE3 Fival Yea� 20111t2 US Bank es 7wtee far eoMholaers Bontls Issues to Fund AROrtlable Housi Redevebpnent Trust Fund 39,849,293.99 1p10,067.00 555,996.88 555.996.88
21) Front St. Pt� Nanners, Inc. OPA Frmt Sveet Plaza Partrers Ine Grent for consUUCliono/ AHOraable Housi Bond Proceeds 4.000.000.00 4.000,000.00 4,000,000.00 4,000,000.00
22) AMCAL Pulol Funtl L.P. OPA AMCAL Pu ol FufM, LP. Grant for consvuaimof AHoidabla Housi BoM ProceeCS 5.579.02t.00 5,579,02t.00 309,9aG.1 / 9[H,9<&.7� 309,946.17 309,848.17 308.946.17 2.769.823.15 3,719.35A.DU
23 Summerh0use Hous' Assotiates, LP., OPA Summerhouse Housi Associates. L.P. Loan for AHoraaEle /iousl Bond Proceed9 1.080.26200 1.080.262.00 1.080.28200 1.000.262.00
24 7emecula Gardens LP Loan A reement Temecula Gardens LP. Loan for ARoNable Fbusi Rede�elo ment Trusf Fund 4,880.�0.00 305.000.00 305.000.00 305.000.00
25 OIG Town Intrasrtunure P�o'ects RBF I ParGe01 LH En ineerin ! Ed e Oltl 7own Infrastruclure Imv�ovements BDnd ProC¢Bd9 246,131.U0 246,731.QU 24fi,731.00 246.131.U0
26 Promenade Parkin Gara e OPA Forrest Cit Loen for Public ParlJn Gere a 9ontl Procee0s 2U,000.00 20,(100.00 20.000.00 20.000.00
27)OldTawnSoundS stem WestcrnAuEioVlsual PublicSoundS stem Rodevelo0ment7ru5tFUM 85,774.00 B5,7740U tiU,BUB.00 60,BOB.00
7o�als-Peget $ 205,062,996.12 8 20.502,512.18 E 132A,92724 52.,521,�Ofi,53 $ 496,697,69 $ 489,438.49 S 469,438.49 $ d,fi3fi.41ti.fi7 $ 13.918.825.11
iotals-Paga2 S 10,559,000.00 3 10.559,000.00 $ 5279,500.00 S $ 8 S 5.279,500.00 $ $ 10.559.000.00
Grantltotal-AlIPaOes S 215.621.888.12 $ 31.061.512.16 S 8,804.A27.24 32521.90fi.53 $ 496.697.63 E 46Da3B.<9 $ 5,748,938.49 S e,E3f;,416,67 S 24,477825.11
' TMS Drett RecognlzeG Obligetlon Payment Sc�eAUle (ROPS) Is to be complete0 no later Nan Saptember 30, 2011 . It Is valld from 711H2 through 6130/12.
(Tha drah ROPS must be preperaC by tha Suceesaor Apeney Ey 7111I77.)
M an a0mcy adopU a continuation ordinance per AB%1 Y7, thfs ROPS will not Ee valitl and there b ro need lo prepare a ROVS.
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Name oT Redevelopment Agenc� Temewla Redeveloomenl AQency Page 2 of 2 Pages
Project A�ea(s) All
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Total Oulstanding Debt 7o1a1 Due Dunrg Pa menls b mont�
Pro ec[ Name / Debt Obli a�ion Pa ee Description FurWin Source or Obli alion Fiscal Vear Jan Feb Mar Apr Ma Jun Total
1 Pass-Thro h Pa ments' Riversi0e Count General Fund Mnual Pass-Thmu h lo Ta:in Emit Redevelo ment Tms� Fund 3 438,000.00 3,438,000.00 1.719.000.00 1,719 000.00 E 3 438.000,00
2 Pass-Throu h Pa ments• Riverside Coun Libra Annual Pess-lhrou A to Tazin Enti� Redevelo menl Tmst Fund 414,000.00 414,000.00 207.000.00 207,000.00 E 414,000.00
3 Pass-Tnrou h Pa ments' Riverside Count Fire Mnual PassThmu h to Taxin Entit Redevelo meN 7rust Fund 892 000.00 892,0OO.OD 446,000.00 448 OW.00 $ 892,000.00
4 Pass-Thro h Pa ments' Temecula PuUlic Cemete Distrlct Annual Pess-1Mou � to Taxin En�i� Redevelo men� Trust Funtl 73,000.00 73,000.00 36.500.00 36,500.00 S 73.000 00
5 Pass-Thm h Pa ments' Mt. San Jacinlo CCD Annual Pass-TMOU h to Taxin Entit Redevelo menl Tmst Fund 198,000.00 iB8,000.00 89,000.00 9B.000.00 S 198 �D0.00
8 Pass-Thro h Pa men[s' Temecula Vaile USU Annual Pass-lhrou h to 1'anln Entit Redevelo menl Trus� Fund 1,717,000.00 1,717.000.00 858,500.00 858,500.00 S iJ17,000,00
7 Pass-Thm h Pa ments' Eastem Munici al Water Distnct Annual Pass�TMOU h b Tazin Entit Redevelo menl Tmst Fund 1 J88,000.00 1,788.000.00 894,000.00 894,000.00 S 1788,000.00
8 Pass-Throu h Pa ments' ftiversitle Count Flood Control Dlstdct Annual Pass-Throu �[o Ta�in Entlt Redevelo mant Trusl Funtl 323,000.00 323,000.00 161.500.00 161.500.00 E 323,000.00
9 Pass-Throu h Pa ments' Riverside Co. Su erintendent o1 Schools Annual Pass-Throu h to Taxin Entit Redevelo ment Tmst Fund 572,000.00 572,000.00 286,000.00 286,000.00 S 572,000.00
10 Pess-Throu h Pa ments' Rancho California Waler Disirict Mnuel PassThrou h to Ta�cin Entit Redevelo menl7mst Funtl 1.144,OOO.DO 1.144.000.00 572 00�.00 572,000.00 S 1 144.000.00
�� E
i2 E
13 s
�4 E
15 S
i6 y
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18 E
19 S
zo a
2� a
zz s
23 E
24 S
25 S
ZB E
27 $
28 S
Totals • Other Ohli aGons f 10 559 000.00 S 10 559 000.00 S 5,279 500.00 f S f f 5 278 500.00 S f 10,559 000.00
• All a ment amounts are estimates
t