HomeMy WebLinkAbout12-03 SARDA Resolution RESOLUTION NO. SARDA 12-03
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY APPROVING A DRAFT
INITIAL RECOGNIZED OBLIGATION PAYMENT
SCHEDULE 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 RESOLVES 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. The
Agency duly adopted its Implementation Plan for 2010-2014 on December 8, 2009 in
accordance with Health and Safety Code Section 33490.
B. ABX1 26 and ABX1 27 were 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)
("Part 1.85") to Division 24 of the California Health and Safety Code ("Health and Safety
Code").
C. The California Redevelopment Association and League of California Cities
filed a lawsuit in the Supreme Court of California (California Redevelopment
Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that ABX1 26 and
ABX1 27 were unconstitutional.
R:/SARDA Resos 2012/SARDA 12-03 1
D. On December 29, 2011, the Supreme Court issued its opinion in the
Matosantos case largely upholding ABX1 26, invalidating ABX1 27, and holding that
ABX1 26 may be severed from ABX1 27 and enforced independently.
E. The Supreme Court generally revised the effective dates and deadlines for
perFormance of obligations in Part 1.85 arising before May 1, 2012 to take effect four
months later.
F. As a result of the Supreme Court's decision, on February 1, 2012, all
redevelopment agencies, including the Temecula Redevelopment Agency, were
dissolved and replaced by successor agencies established pursuant to Health and
Safety Code Section 34173.
G. The City Council of the City of Temecula (the "City") adopted Resolution
No. 12-02 January 10, 2012, pursuant to Part 1.85 electing for the City to serve as the
successor agency for the Temecula Redevelopment Agency upon the Agency's
dissolution.
H. 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").
I. Health and Safety Code Section 34177(I), as modified by the California
Supreme Court, provides that by March 1, 2012, the Successor Agency must prepare a
draft initial Recognized Obligation Payment Schedule for the enforceable obligations of
the former Redevelopment Agency, in accordance with the requirements of paragraph
(I). The draft schedule must be reviewed and certified, as to its accuracy, by an external
auditor designated at the county auditor-controller's direction pursuant to Health and
Safety Code Section 34182. The certified Recognized Obligation Payment Schedule
must be submitted to and approved by the oversight board. Finally, after approval by
the oversight board, a copy of the approved Recognized Obligation Payment Schedule
must be submitted to the county auditor-controller, the State Controller and the State
Department of Finance ("DOF"), and be posted on the Successor Agency's web site.
The first Recognized Obligation Payment Schedule submitted to the State Controller
and the DOF will be for payments for the period of January 1, 2012 to June 30, 2012,
inclusive.
J. Accordingly, the Board desires to adopt this Resolution approving a draft
initial Recognized Obligation Payment Schedule in accordance with Part 1.85.
Section 2. This Resolution is adopted pursuant to Health and Safety Code
Section 34177.
Section 3. The Board hereby approves the draft initial Recognized Obligation
Payment Schedule substantially in the form attached as Exhibit A to this Resolution and
R:/SARDA Resos 2012/SARDA 12-03 2
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 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 inay make requests for review in connection with the ROPS 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. 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
certified Recognized Obligation Payment Schedule to the oversight board for approval,
and any such actions previously taken by such officers are hereby ratified and
confirmed.
Section 6. The Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the
Successor Agency to the Temecula Redevelopment Agency this 28 day of February,
2012. ' `�
l' , � � %
� % � �.�''�-_,._
� "� . / /� � �
Chuck ashington, Chairperson
ATTEST:
,
Susan W. on s, MMC
City Cler Boa Secretary
[S EAL]
R:/SARDA Resos 2012/SARDA 12-03 3
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Successor Agency to
the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No.
SARDA 12-03 was duly and regularly adopted by the Board Members of the Successor
Agency to the Temecula Redevelopment Agency at a meeting thereof held on the 28 day
of February, 2012, by the following vote:
AYES: 5 BOARD MEMBERS: Comerchero, Edwards, Naggar, Roberts,
Washington
NOES: 0 BOARD MEMBERS: None
ABSENT: 0 BOARD MEMBERS: None
ABSTAIN: 0 BOARD MEMBERS: None
Susan W. J nes, MMC
ity Clerk/Bo d Secretary
R:/SARDA Resos 2012/SARDA 12-03 4
EXHIBIT A
DRAFT INITIAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE
� _ _
Name o� Redevelopment AgenCy. TBmeCUla Redevelopmen� AgenCy Pege 1 ot 2 Pages
Projacl Area(s) All
RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Total Outstandirq �otal Due Dunng Pa ents b manth"
Pm'ect Name / DeOt OOIi ation Pa e Descri Uon Fundi Source Debt or Obli ation Fiscal Vear Jan Feb Mar A Ma June Total
1 CSUSM Cam 5 Funtli A reement Cal State $an Marcos Satellite Cam 5 Develo mBN Reserves 471,624 288 SB4 288,584 z88 5B4
2 qEbory OPA Mbon Vasalar P Tax Raimbursment Retlevelo meM Trust FunO 1,910.000 159,000 159,000 /59,000
9 Pa II� Administration nc Stalt StaHCom nsation ACminCastAllowance 812.966 812,966 66,545 6fi,545 93,BOa 66,Sa5 66,545 66,5a5 626,529
4 Promisso Nofe Ci of TemeCUla 6t� Street Pailci Lot ' Retlevela ment Trust Fund t,903,333 439,622 439,622 439.622
5 Prolessional Services A ment Brown Bortz 8 Cotltli Communi Davelo ment Bbtic Gram Entitlement LMIHF / ReE. Trust Fund 29,000 29,OOU 3,625 3,625 3,625 3,625 3,625 3b25 21,750
6 Pra1855ional $erviCeS A men� Ke er Mars�on A55oqatBS Real EStatB/ECOnOmiC Anel " LMIHF / Retl. Tfusi Funtl 75,000 75,000 6,818 6,818 6,818 fi,B10 fi,819 6,818 40,908
7 Jelterson Caridor MUlti Jurisdictional SI Cal Tmns In-IGnd ConfibWiuOn lor Cal-TranS Grant LMIHF / Fetl. TN51 FUntl 7.850 7,850 1.570 1,570 1 570 7.510 1,570 7,850
8 Pmlessional Services A eemem Lance Soll & Lu ard A Auditi Services Redevelo mant Tnist Funtl 13,930 13 930 6.965 6,965
9 Protesslonal $ervices A ment Environmental SCience Assaciates ' Jeflerson Cartitlor S hcic Plan EIF LMIMF / Rad. Trust Fund t89R20 t89,220 31,537 31,537 3t,537 31 537 31,537 3f,537 t89,222
10 Prolessional$ervicesA 98ment IManOPlannl BDesi n JeHersonCortiGOrS 'ficPWn Retlevelo meniT�usiFund 8t,t23 81 t23 l0,ta0 10,140 10,1a0 t0,ta0 10,t40 10,140 60,840
l t Professional 58rvices A reement Richards, Watson & Gers�on �reC L aI ServiCes LMIHF / RBtl. T�usi Fund 135,000 135,000 12,273 12,273 12273 12 273 t2,273 t2.273 73,638
12 NonPersonnBlA e Admirostration Multi ePa 5 O nC Admiri5�2don LMIHF/RBO.TruS�FUnd 375,242 375,242 34,113 34,113 34,113 3C.713 34,113 34,113 200,678
13 Pro Tax AAmin fee Riverside Count Tax Assessor Coun Adminsiratbn Fee Redevelo ment TrUSt Fund 233,000 233,000 233,000 233 000
14) Trustee AOmin FeeS US Bank 85 TN5�88 lor Bontlholtlers � T�u5�88 F8851or TAB Bontl Issues Retlevelopmen� Trust FuiW 18,760 18,760 2,375 2,975
15) 2002 TAB FV 2011/12 US Bank as Trustee �or Bontlholtlers Bonds ISSUes �o Funtl Aflwdade Housi Redevelopment T�ust FuM 44,598,691 1,]76,064 630,356 630,35fi
16) 2006 TAB Series A FV 2011/12 US Bank 83 T�us�ee for Bontl�oltlers Bontl5155Ue5 i0 FuM Atlortlade Housi Retlevelopmeni T�us� Fund 30,588,675 991,83fi 3fi3,318 363,318
17) 2006 TAB Series B FV 20t 1/t2 US Bank es TNStee lor BoiW�oldars Bontls Issues to FuM Allartlade Hausl Retlevelopment Trust FurM 5,511,857 199,606 71.753 7t,753
t8) 2007 7AB FV 2011/12 US Bank as 7rustee lor BoMholders BonUS LSSUes to Funtl Wlordade Housl RBCevelapment Trust FuM 30,281,825 t,092,364 410,6fiB 4t0,668
t9) 2010 Housing TAB Se�ies A R B FV 201 t/12 US Bank as TNStee for Bondholdars Bontls Issues to Funtl Anortlabla Housl Retlevelopment T�ust FunO 32,285,6t8 t,258,095 502,797 502,797
20) 2011 Housing TAB Fscal Year 20/1/12 US Bank as Trustee lor BondhdEars Bontls Issues to Funtl Aflordahle Housing HeGevelopman� T�ust FuM 39,649.294 1,010,061 555,997 555.997
21 Front St. Plaza Pan�rers, Inc. OPA Front Sveet Plaza Panners Irc. Grant iw conswcvon ol AHwdade Housi BoM Proceeds 4,000,000 a,000,000 ' 4,000,000 4,000.000
22) AMCAL Pu' I FuM L.P. OPA AMCAL Pu' I FuM, L.P. Gram for conswcvon ol AHddaWa HouSi Bontl Proceads 5.579,021 5,579,021 1,200,000 131,933 131,939 131,933 131,933 131,933 1,859.665
23 Summerhou5e Hausi Assodates, LP., OPA SummerhouSB Housi Associate5, L.P. Loan tor Affartlade Hausin Fetlevelo menl T�ust Fund 1.080262 1.080,262 1.080,262 1,080,262
24 Temecvla Gartlens L.P Loan mem Temecula Gartlens L.P. Loan IDr AHwdada Housi ReCevelo ment Trust Fund 6,680,000 305,000 305.000 305,000
25 Oltl Town Inhasnuccure Pro ecfs RBF / Partlell / LH E i / E Old Town InhastNCture Im ments BonO Pmceeds 2a6,131 2a6,131 246,131 246,131
26 Promenade Perki Gara OPA Fortest Ci Loan for Pudic Pe'ki Gar BonO ProC6etls 20,000 20,000 20,000 20,000
27 qtl Tawn SouriC 5 tem WeStem AUOio Visual PudiC SoUntl $ tBm Redevel menl Trusl Funtl B5,]76 85,�76 60,808 60,808
28 Debt ServiCe Reimbursement C ot TemeCUla �W'anCe hom GF to crn'er DeCt Service Redevelo ment Trust Fund 810,000 810,000 Bt0,000 810,000
29 SEflAF Pa ent Reimbursmem Low�MOtl HoUSi FunC Loan ol Low Motl lo Retleve. Funtl lor SERAF RBOBVBIO meni T�us� Fund 5,250,95d 5250,954 0
30 Abbotl OPA ADOOtl VaSCUIer ReiWrsemen� fOr Develo mem Im manis I7e0evelo meM Trus� Funtl 750,000 750,000 0
Totals - Page 1 - � 211,873,950 27,313,A65 2,220,539 3,161,022 C84,813 298.554 298,556 6,608,23d 13,071,716
Totals-Page2 �0,559,000 t0,559.000 5,279,500 0 0 U 5,279.500 0 t0,559.000
Gandtotal-AIl Pa s 222,a32.950 37,872,a65 7,500,039 3,t61.022 484,et3 298,554 5,578,054 6,608,23a 23,630,716
"Pe enb ere estimeteA aM me re eeen� Cer ove� from EOPS schedule Con9ifkAn �he� sOme obli atian9 tlo �w� heve s i/it en� tle�e9
� � �
NameofRedeveloDmentAgenc•; Temeeula�Redevebpment�Ag � � Page'2�.oY2Pages
ProleclAroa(s) - Ap .. . . . ..
. . .. . . .. .. . . . _ .. . _. _ . ___ . . . . .. .
RECOGNIZED.OBLIGATION PAYMENT SCHEDULE
� - TotnlOulsterMingDeAl TotalbOeDuring Payments�bymooM
ProeclNartielDebtObf ��tion : Payee .. ..:.�. Desr+IPtloR.. . �� Fundin Source-���- -� ��-��� tlrO01i atbn- � -Flsral.Year� - Jan Feb .Mar... Apr .�Mey.. ..Jun _ TWaI'
. .. . .. ,. . _.... . ..._. . , ... , . . . .. ..
�'.t Pass-Throu Pa ents'� - RlversldaCoun GeneralFund.... AnnualPass-Thmu En�it �Redeveb ntTruslFund� 3.438000��. 3�.438;000 1.719.000 1,779.000 .�3.438000
.. .._. . .. . . . . . .,
'��.2 Pass-Tfirou Pa merits' - .RiversideCount Ubra ' � MnualPase-Throu AtoTaic(� Enti � Redevelo�me,rt�TrusiFund 414�.000��. � 414,000 207,000� 20�OOU� N4�000
.... .. . . � . . . . . . �� . . ... . .� ......... _ . . ... _ . .._.. . . .........
, . . ... . . . . .. .
� �� 3 Pass-Ttirou �Pa eNS' RiversldeCoun Firo: MnualPassThrou htoTazi EntR Redevelo eniTrusiFund� 892.000< 892,000 � 446,000 -�' d48.000. �892000
� 1 PassThrou Pe ents'� TemewlaPublicCemeW Distiicl MnuelPess-ThrouhloTaxi Enti . Redevelo - nMTmstFund� 73,000� 73,000. 36:500�_ � 38!500��� .:73,000
': 5 Paes-Ttirou Pa menls' . Mt. San Jecinto CCD . .. .. .. Annual Pess-T� ... hroup Io 7exlnp Entit Redeveb nt Trusl Fund�:. � -. . .. 188 000 -: :, .188:000�. �. ::: � ..�..88.000 . � � . ...... ' .... .. . . .. 99.000 - � ......:� . .. ..188 000.
� '��8 Pass-ThrouhPa en[s' Teine�aiWValle�USD � ......._Mnual.Pass-ThraihtaTauin Enttl .RedevelomenlTNslFUnd �� ._. .._..]�,717,000� ��-�� -1!717,000. __:858,500 .-. � � ���. �-�� ..1.717.000�
-.. 7 Pass-Ttirou h Pa ments' Easlem Munki al Waler Distrkt ���������� ���� Mnuel�Pass-Tliruu h to Tatln �� Entl� Red`evel6 ment Trust Fund .��-� �' � 1788.000�. .. .... ,1.788;000� . __884:000�. �' 894;000� �� 1.788�000
. . .. . ... .. ...__ . . . . .__ .. . ____ ...__. . '� .. . .. �. _ _ .. ._ _.... .. . ....
:.B Pasa-Throu hPa eota' ... RlversWeCaunt FbodContrdDisidct MnualPass-Thiou�htoTazid En�iY Redevelo�mentTrustFund 323�,000. 323;000 18f500 16LW0. 323000�
��_ 9 Pass-Throu �Pa ents_.. � Riverside rintendbnlofSthools�. . AunualPass-Thmu A[oT�l� EnGI� � Redevelo mentTrusiFunA 572�.000� 572 288000 286:004. 572000��
. ..... .. _._ . . .......... ..... . ......_ ....... . . ..._.. ' . _ � . ... .... .. . . . . ....
'�.� 10 Pasa•Throu Pa arrts' : RenchoCeli(omie Weter.Disiricl AnnualPass-Throu h[oSa�ci Entit � Redevelo - �eM�TnstFunA 1.144�000�� 1.144,000. 572�000 577000 �.�---�--1J64000
. . ... . . . . . ... . ._. . .. . . , _ _ .. ... . . _ ....... ....._..
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� �� �""-� � � � � -���� �� -:t0;5S9000 . � ��>10,559000: . .-� �� ...0 .0 � -0 � 5;279,500 � 0' � 70,559000��
Totala - Other 66�f ations � � � ^ �
• All payrrment amounts arc estimates and dre 6dsed�on a pareante0s Mforeusled tax IneremeM rewnue
."Pa menM an asUmatetl end ma re resent ca over from EOPS echaAUle consldarin fhat swne o611 �tlons do not have s cNlc a meM dates-