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MEETING NOTICE/AGENDA
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
TEMECULA REDEVELOPMENT AGENCY
REGULAR MEETING �
� COUNCIL CHAMBERS
41000 MAIN STREET
APRIL 25, 2012 — 6:30 PM
Next in Order:
Resolution: 12-05
CALL TO ORDER: Chairperson John Meyer
Roll Call: Gonzales, Kelliher, Ordway-Peck, Sparkman, Thornhill, Turner, Meyer
PUBLIC COMMENTS
A total of 15 minutes is provided so members of the public may address the Commission
on items that are not listed on the Agenda. Speakers are limited to three minutes each. If
you desire to speak to the Commission about an item not on the Agenda, a salmon
colored "Request to Speak" form should be filled out and filed with the Commission
Secretary.
When you are called to speak, please come forward and state your name for the record.
For all other agenda items a"Request to Speak" form must be filed with the Commission
Secretary prior to the Commission addressing that item. There is a three-minute time
limit for individual speakers.
NOTICE TO THE PUBLIC
All matters listed under Consent Calendar are considered to be routine and all will be
enacted by one roll call vote. There will be no discussion of these items unless Members
of the Planning Commission request specific items be removed from the Consent
Calendar for separate action.
CONSENT GAL�NDAR -
1 Minutes
RECOMMENDATION:
1.1 Approve the Minutes of March 28, 2012
BOARD BUSINESS
2 Adopt a Recognized Obliaation Pavmenf Schedule for Julv 1 2012 throuqh December
31, 2012
1
I
RECOMMENDATION:
3.1 Adopt a resolution entitled:
RESOLUTION NO.OB SARDA 12-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO
THE TEMECULA REDEVELOPMENT AGENCY .
APPROVING A RECOGNIZED OBLtGATION PAYMENT
SCHEDULE FOR THE PERIOD OF JULY 1, 2012 THROUGH
DECEMBER 31, 2012 PURSUANT TO HEALTH AND
SAFETY CODE SECTION 34177 AND TAKING CERTAIN
ACTIONS IN CONNECTION THEREWITH
3 Adopt .Proposed Administrative Budgets for tfie Succes"sor Aqencg fo� the Temecula
Redevelopment Ac�ency Fursuant fo.Healtli.antl Safefy Code Section'34177
RECOMMENDATION: �
3.1 Adopt a resolution entitled:
OB SARDA RESOLUTION NO. 1Z-
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO
THE TEMECULA REDEVELOPMENT AGENCY
APPROVING PROPOSED ADMINISTRATIVE BUDGETS
PURSUANT TO HEALTH AND SAFETY CODE SECTION
34177 AND TAKING CERTAIN ACTIONS IN CONNECTION
THEREWITH
ADJ�URNMENT
Next regular meeting: Wednesday, May 9, 2012, 6:30 PM, in the Council Chambers, 410Q0
Main Street, Temecula, California.
���71��. . � : ,�-.��
Date Susan , : Jone ,` MMC
Boar Secretary
NOTICE TO THE PUBLIC
The Agenda will be available for viewing, prior to the meeting, at the Main Reception at City Hall — 41000 Main Street,
Temecula, 8:00 — 5:00 PM as well as on the Ciry's website — www.cltyoftemecula.orq. My staff reportiwritten
material pertaining to this meeting will be available, prlor to the meeting, for publlc review at the Main Reception and
at the respective meetirtg. Any Supplemental Materlal distributed to a majority of the Committee Members .
regarding any Item on the Agenda, after the posting of the Agenda, will be available for public review at the Main
Reception. In addition, such material wiU be made available for review at the respective meeting.
If you have any questions regarding any item of business on the Agenda for this meeting, please contact City Hall —
951-694-6444.
2
ITE11�I 1
. \
MINUTES OF MARCH 28, 2012
WILL BE E-MAILED UNDER
SEPARATE COVER
ITEM 2
_�
THE OVERSIGHT BOARD OF THE SUCCESSOR AGENCY
TO THE TEMECULA REDEVELOPMENT AGENCY
AGENDA REPORT
TO: Board of Directors of the Oversight Board of the Successor Agency to the
Temecula Redevelopment Agency
Patrick Richardson, Director of Planning and Development for the Successor
FROM: Agency to the Temecula Redevelopment Agency
DATE: April 25, 2012
SUBJECT: Adopt a Recognized Obligation Payment Schedule for the period of July 1, 2012
through December 31, 2012
PREPARED BY: Luke Watson, Management Analyst for the Successor Agency to
the Temecula Redevelopment Agency
RECOMMENDATION: Adopt a resolution entitled:
RESOLUTION NO. OB SARDA 12-
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT
� AGENCY APPROVING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1,
2012 THROUGH DECEMBER 31, 2012 PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34177 AND
TAKING CERTAIN ACTIONS IN CONNECTION
THEREWITH
BACKGROUND: 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.
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").
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.
On December 29, 201�1, 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.
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.
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.
The City Council of fhe 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 fhe
Temecula Redevelopment Agency upon the Agency's dissolution.
The Ciry 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 Redevelopmenf 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").
Recoqnized ObliQations Pavment Schedule
Pursuant to Health and Safety Code Section 34177, successor agencies are required to prepare
and deliver by May 11, 2012 to the State Department of Finance, State Controller and the
� County Auditor-Controfler a Recognized Obligation Payment Schedule (ROPS} covering the
periods of July 1, 2012 through December 31, 2012. On April 24, 2012 the Successor Agency
to the Temecula Redevelopment Agency approved the ROPS.
Pursuant to Health and Safety Code Section 34177, successor agencies are required take the
approved ROPS to the Oversight Board for the consideration. Following the approval of ROPS
by the Successor Agency and the Oversight Board, the approved ROPS must be submitted the
certified ROPS to the County-Auditor Controller, the State Controller and the State Department
, of Finance.
Preparation of a Recognized Obligation Payment Schedule is in furtherance of allowing the
Successor Agency to pay enforceable obligations of the former Redevelopment Agency.
FISCAL IMPACT: Adoption of the proposed resolutions will enable the Successor
Agency to fulfill its enforceable obligations.
In accordance with Health and Safety Code Section 34173(e), the liability of the Successor
Agency, acting pursuant to the powers granted under Part 1.85, shall be fimited to the extent of,
and payable solely from, the total sum of property tax revenues it receives pursuant to Part 1.85
and the value of assets transferred to it as a successor agency for a dissolved redevelopment
agency. The debts, assets, liabilities, and obligations of the Successor Agency shall be solely
the debts, assets, liabilities, and obligations of the Successor Agency and not of the City.
ATTACHMENTS: 1. Resolution
' 2. Recognized Obligations Payment Schedule for the periods
of July 1, 2012 through December 31, 2012
RESOLUTION NO.OB SARDA 12-
A RESOLUTION OF THE BOARD OF DIRECTORS OF
THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT �
AGENCY APPROVING A RECOGNIZED OBLIGATION
PAYMENT SCHEDULE FOR THE PERIOD OF JULY 1,
2012 THROUGH DECEMBER 31, 2012 PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34177 AND
TAKING CERTAIN ACTIONS IN CONNECTION
THEREWITH �
THE BOARD OF DIRECTORS OF THE OVERSIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY,DOES
RESOLVES AS FOLLOWS:
Section 1. Recitals. The Board of Directors of the Oversight Board 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 Pa�t 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
fi(ed a lawsuit in the Supreme Court of California (Califomia Redevelopment
Association, et al. v. Matosantos, et al. (Case No. S194861)) alleging that ABX1 26 and
ABX1 27 were unconstitutional.
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 esfablished 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 Temecu(a, 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 ta 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 externaf
auditor designated at the county auditor-controller's direction pursuant to Health and
Safety Code Section 34182. The certified Recagnized 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
Depa�tment of Finance ("DOF"), and be posted on the Successor Agency's web site.
The first Recognized Obligation Payment Scheduie 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 the
Recognized Obligation Payment Schedule for the periods of July 1, 2012 through
December 31, 2012 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 Recognized Obligation Payment
Schedule for the periods of July 1, 2012 through December 31, 2012 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 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 afl 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 Oversight
Board of the Successor Agency of the Temecula Redevelopment Agency this 25 day of
April, 2012.
� John Meyer, Chairperson
ATTEST:
Susan W. Jones, MMC
City Clerk/Board Secretary
STATE OF CALIFORNIA ) ,
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Oversight Board of the
Successor Agency of the Temecula Redevelopment Agency, do hereby certify that the -
foregoing Resolution No. OB SARDA 12- was duly and regularly adopted by the Board
Members of the Oversight Board of the Successor Agency to the Temecula
Redevelopment Agency at a meeting thereof held on the 25` day of April, 2012, by the
following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
W � � Susan W. Jones, MMC
City Clerk/Board Secretary
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Name o( RedeveloDment Agency: Temetula ReOevelowne�� qqerv,y(SuccessorAOOricyto tM Tartrecula Redevalopmenl Aoericy) FORM B-AII Revenue Sources Other 7�an ReCevelopment Property Tax Truat Fund (RPTfF)
Prqact Areals) RDA Prolect Area All - '
URAFT RECOONI2E0 OBLI6ATION PAYMENT SCHEDULE
Par AB Y6 - Secllon 34177 (')
Payable t�om Other Revenue Souroes
ConlracUAgreemeM Total Due Dunng pe ts monN �
Total OutstanElrg FISwI Ywr
P' tNamelDebtO0li atlon FxeculbnDate Pa e p¢k� tion PmeciArea DeEto�001i ation 20t2-20�3" FurWl Sowce"' Jul 2012 Au ust2072 Se IemDer2072 OctoDerY072 November2012 DecamC¢r2012 Totel
1 AMCAL Pu I Fund L.P. OPA Y722/11 AMCAL Pu'ol Fund, LP. Grant forconsVUCtion MARordable Housin �. 1•1BBB 5,578,021 5 579 021 BorM Proceeds 190,144 190 144 190144 1.859,887 S 2 d30,099.00
2 Front St. Pla� PaMers Inc.OPA 7J27/11 Fron151reet Plaze Patners Inc. Grent for cpmVUCtlon of AROrdable Housin No. 1-1B88 4000 000 4.000.000 8ord Proceetls 4,000000 S 4.000.00OA�
3 Old 7ovm Inlr�vucWre Pro ects Multi le Dates RBF / PaNell! LH Ineerin / EA e OIC Town Intrastrucwre Im vemenb No. 1-7988 182 220 782.220 BorM Proceeds 30 370 30 370 30 370 30 370 30 370 30 370 1B2 220.00
4 Promenade Perki Gara e OPA 7/24/�7 Farest Ci Loan for PuClic PeAcin Gara e No. 1-1988 10 0�0 20 000 BoM Proceetls 20 000 20 000.00
5 Pm(esslonal Servkes A reemant 3/23/11 Brown Bar28 Coddi tan Comm�nl Deveb ment Block Grent Entltlement No. 1•1988 2B 000 1 400 LMIHF 7 400 S 1 400.00
6 Professbnal Servkey A reemenl Amuel Ke er Merston Associeles Real EstatelEwromlc Mal Is No. 1-1988 50000 5� 000 LMIHF 4.166 4.166 4 188 4 768 4166 4186 $ 24,998.00
7 ProfessiaialServlcesAreement 3122/71 EnvironmenlalScienceASSOCiates JeNersonCorridor5 ificPlanEIR No.1-798B 1BB220 iBB220 LMIHF 31.537 31537� 31537 31537 31537 � 37537 $ 789Y22.00
B ProFessianal Sarvices A reemen[ 3122/71 Inlentl Plannin B Oesl n JeBarson Carltlor S ec10c Plen No. 7-1988 B1 723 54 423 LMIHF B 071 8.071 9071 B 071 8.071 8 071 E 54 426.00
B ProfesslonalServlcasA reemenl Annual RIWNS Watson&Gershon Le alServices No.1-1988 75000 75000 LMIHF 6,250 625D 6250 6250 6150 6250 37500.00
10 CSUSM Cam us Funtlin A reement 71/24/OB Cal State San Marcos Sahllite Cam us DevN meM No. 1-iB88 471 fi24 47t 624 Reserves 471 624 471 624.00
11 SummerhouseHOUSIn AssaieleaL.P.OPA 922I09 SummerhousoNOUSi Associatas.L.P. Loan/orAffordableNOUSIn No.1-1BB8 1080282 tOB0262 LMIHF 1,OB0.282 $ tU00282.00
'Z a
i�
ia $
15 $
i6 $
77
18
19 S
20
21 $
22 E
23
Zq E
25
� 5
27 f
28
29 S
�
37
32 f
33 S
Totals - LMIHF E0.00
Totals - Bond Proceetls 11 757 470.00- 11 703 170.00 E 784 562.00 271 538.00. 271 538.00 81 391.00 61 394.00 7 021 323.00 B d81 749.00
Tofals - Otner � 0. �
Grand tolal -This P 17 757 470.00 S 11 703170.00 E 764 562.00 271 538A� E 271 538.00 B1 394.00 E B1 39400 5 7027 323.00 S B 491 749.00
• ThePrellminaryDrattRewpnlzedObllgatlonPaymentSchodub(ROP$)IStobecomD�ete0by3H1Y012by1hesuccessora0ency,andeubsaquantybeepprovedbytheovarsightboerdbebrethelnalROPSieeubmittedtothaSWeControilerendStabDeOertmenlofFlnanca6yApri115,2072.ItlamtarequiremmlNettheAyreedUponProcedurea
AuElt be complateA before eu0mitting tlre final Ovenipht ADP�oved ROPS to the Stete Conlroller and Sta4 �apartmant of Finance.
" All total due duNrp 9acal yaer aM peyment amouMS are pro)ected. �
"' FunEing sources (rom Ma succeszw apency: (For flsca17012-13 onty, referances to RPT7F coulA also mean tea Increment albcatetl to the Agency prior W FeDruery 1, 4012.)
RPTTF-RetlevelopmentPropartyTeaTructFUntl BonOe•BOnOprooeede OMer-ressrvea,rents,lnteresteernirps,etc
LMINi - Low a� MoCaraq Income kounl FuM pdmin - Sueceuw A erx AdminlatraUw Aliowa�e
Name of Redevelopment Agency: Temecula Redevelopment Aqency (Successor Aqency to the Temecula Redeveiopment Agency) FORM C- Administrative Cost Allowance Paid With Redevelopment Property Tax Trust Fund (RPTTF)
Project Area(s) RDA Proiect Area All
DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34177 (•)
Total Totai Due Payable irom the Admfnistrative Allowance Allocation •"'
Outstanding During Fiscal Pa ments by month
Debt or Year Funding
Pro'ect Name / Debt Obli ation Pa ee Descri tion Pro'ect Area Obli ation 2012-2013" Source " Jul 2012 Au ust 2012 September 2012 October 2012 November 2012 December 2012 Total
1 A enc Administration - Personnel A enc Staff A enc Slaff Com ensation No. 1-1986 151,442 151,442 RPTTF 11,650 77,474 11,650 11,650 11,650 11,650 $ 75,724.00
2 A enc Administration - General Multi le Pa ees On oin A enc Administradon No. 1-1988 98,558 98,558 RPTTF 8,213 8,213 8,213 8,213 8,213 8,213 $ 49,278.00
3 $
4 $
5 $
6 $
7 $ .
8 $
9 $
10 $
11 $
12 ' $
13 $
14 $
15 $
16 $
17 $
18 $
19 $
20 $
. $ -
22 $
23 $
24 $
25 $
26 $
27 g
28 $
$
$
$
$
$
$
$
Totals - This Pa e E 250 000.00 $ 250 000.00 $19 663.00 $ 25 687.00 $ 19 883.00 $ 19 883.00 $ 19 863.00 $ 19 663.00 $125 002.00
' The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) is to be completed by 31112012 by the successor agency, and subsequently be approved by the oversight board before the final ROPS Is submitted to the Stata
Controller and State Department ot Finance by April 75, 2012. It is not a requirement that the Agreed Upon Procedures Audit be completed before submitting the final Oversight Approved ROPS ta the State Controller and State Department of
"" All total due during fiscal year and payment amounts are projected.
"" Funding sources from the successor agency: (For ftscal 2012-13 only, references to RPTTF could also mean tax increment allocated to the Agency prior to February 7, 2072.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceeds Other - reserves, rents, interest earnings, etc
LMIHF - Low and Moderate Income Housing Fund Admin - Successor Agency Administrative Allowance
•- Administrative Cost Allowance ca are 5% of Form A&month totals in 2011-12 and 3% of Form A 8-month totals in 2012-13. The calculatlon should not factor In asa throu h a ments id for with RPTTF in Form D.
Name of Redevelopment Agency Temecula Redevelopment Apency (Successor Agency to the Temecula Redevelopment Agency) FORM D- Pass-Through Payments
Project Area(s) RDA Project Area All
OTHER OBLIGATION PAYMENT SCHEDULE �
Per AB 28 - Sectlon 34777 (") � .
Pass Through and Other Payments ""
Total Due During � . �
Total Outstanding Fiscal Year Source of Pa ents b month
Pro'ect Name / Debt Obll alion Pa ee Descri tion Pro'ect Area Debt or Obll ation 2012-2013" Fund"' Jul 2012 A ust 2012 eptember 201 Octoher 2012 November 20� 2 December 2012 Total
1 $
z $ -
3 $
4 $ -
5 $
6 $
� $
8 �
9 $
10 $
11 $
12 $
13 $
14 $
15 $
$
$
$
$
$
$
--- $
$
$
$
$
$
$
ToWls - Other dbli adons S 5 S 5 S S S S S S
• The Preliminary Draft Recognized Obligation Payment Schedule (ROPS) Is to be completed by 3/7f2072 by the euccessor agency, and subsequently be approved by the overeight board before lhe flnal ROPS Is submitted to the Slate Controller and State Department of Finance
by April 75, 2072. tt is not a requirertrent that the ABreed Upon Procedures Audit be completed betore submitting the final Oversight Approved ROPS to the State ConGoller and State Department of Flnance. -
" All total due during fiscal year and payment amounta are proJected. �
"' Funding sources from the successor agency: (FOr flscal 2012-13 only, references to RPTTF could also mean tax lncrement allocated to the Agency prior to February 1, 2012.)
RPTTF - Redevelopment Property Tax Trust Fund Bonds - Bond proceeds Olher - reserves, rents, Interesl earnings, etc
LMIHF - Low and Moderete Income Housing Fund Admin • Successor Agency Administrative Allowance .
"" - Only the January through June 2012 ROPS should include expenditures tor pass-through payments. Starting with the July through Decembar 2072 ROPS, per HSC section 34183 (a) (1►, the county auditor controller will make the required pass-through paymenu prlor to
vansferrin mone into the successor a enc a Redevelo ment Obli ation Retirement FunA Tor Items lisled in an oversl ht board a roved ROP3.
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE TEMECULA
REDEVELOPMENT AGENCY
AGENDA REPORT
TO: Executive Director/Board of Directors
�
Genie Wilson, Director of Finance for the Successor Agency to the Temecula
FROM: Redevelopment Agency
Patrick Richardson, Director of Pfanning and Development for the Successor
Agency to the Temecula Redevelopment Agency
DATE: Aprif 25, 2012
SUBJECT: APPROVAL PROPOSED ADMINISTRATIVE BUDGETS FOR SUCCESSOR
AGENCY TO TEMECULA REDEVELOPMENT AGENCY PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34177
� PREPARED BY: Luke Watson, Management Analyst for the Successor Agency to
the Temecula Redevelopment Agency
RECOMMENDATION: Adopt a resolution entitled: .
' RESOLUTION NO.OB SARDA 12- .
A RESOLUTION OF THE BOARD OF DIRECTORS OF THE
OVERSIGHT BOARD OF THE SUCCESSOR AGENCY TO THE
TEMECULA REDEVELOPMENT AGENCY APPROVING
PROPOSED ADMINISTRATIVE BUDGETS PURSUANT TO
HEALTH AND SAFETY CODE SECTION 34177 AND TAKING
CERTAIN ACTIONS IN CONNECTION THEREWITH
BACKGROUND: Upon dissolution of the Temecula Redevelopment Agency on
February 1, 2012 pursuant to ABX1 26, the Successor Agency to the Temecula Redevelopment
Agency was constituted and is governed by a board of directors cansisting of the members of
the City Council.
Pursuant to ABX1 26, the Successor Agency is required to undertake a number of actions
related to winding down the affairs of the former Redevelopment Agency. For example, the
Oversight Board may direct the staff of the Successor Agency to perform work in furtherance of
the Oversight Board's duties and responsibilities under ABX1 26 and the Successor Agency
must pay for all of the costs of ineetings of the Oversight Board. In addition, the Successor
Agency will have a number of ongoing responsibilities, such as paying debt service on
enforceable obligations of the former Redevelopment Agency and preparing an administrative
budget and Recognized Obligation Payment Schedule (ROPS) for each six-month fiscal period.
Each proposed administrative budget must include all of the following: (1) estimated amounts
for Successor Agency administrative costs for the applicable six-month fiscal period; (2)
proposed sources of payment for the administrative costs; and (3) proposals for arrangements
for administrative and operations services provided by the City or other entity.
ABX1 26 provides that the Successor Agency may include the cost of Oversight Board meetings
in its administrative budgets, but otherwise does not specify which expenses are appropriate for
including in the administrative budget. However, allowable administrative expenses likely
include, among others, the value of City staff, including employee retirement and other benefits,
necessary for the administration and operations of the Successor Agency; and the cost of other
resources of the City necessary for the administration and operations of the Successor Agency,
, such as office space, supplies, equipment, utilities, and insurance. Staff recommends that the
Successor Agency and the City enter into an agreement whereby the City will advance these
costs to the Successor Agency.
ABX1 26 provides for an "Administrative Cost Allowance" to annually be paid to the Successor
Agency of not tess than $250,000 a year (although this likely will not commence until fiscal year
2012-13). However, in the event there are insufficient funds to pay the former Redevelopment
Agency's enforceable obligations, some or afl of the Administrative Cost Allowance will be used
to pay for the enforceable obligations, and these funds will not be available for administrative
expenses of the Successor Agency.
The Administrative Cost Allowance will exclude any administrative costs that can be paid from
bond proceeds or from sources other than property tax. However, the use of bond proceeds to
pay administrative expenses is subject to certain limitations.
The first administrative budget is for the six-month fiscal period commencing on January 1 2012
and ending on June 30, 2012, and the second administrative budget is for the six-month fiscal
period commencing on July 1, 2012 and ending on December 31, 2012. The SuccessorAgency
is required to submit each proposed administrative budget to the Oversight Board for its
approval. The Successor Agency is also required to provide administrative cost estimates, from
its approved administrative budget that are to be paid from property tax revenues deposited in
the Redevelopment Property Tax Trust Fund, to the County Auditor-Controller for each six-
month fisca! period.
The attached Resolution approves the proposed administrative budgets for the first two six-
month fiscal periods, which are attached as Exhibits A and B to the Resolution.
FISCAL IMPACT: As discussed above, AB X1 26 provides for the Successor Agency
to receive an annual Administrative Cost Allowance of not less than $250,000 (but likely not until
fiscal year 2012-13). However, the allowances are subject to reduction if there are insufficient
funds to pay the former Redevelopment Agency's enforceable obligations.
, ATTACHMENTS: Resolution approving Preliminary Administrative Budgets for
January 1, 2012 through June 30, 2012 and July 1, 2012 and
December 31, 2012
RESOLUTION NO. OB SARDA 12-
A RESOLUTI�N OF THE BOARD OF DIRECTORS OF
THE OVERSIGHT BOARD OF THE SUCCESSOR
AGENCY TO THE TEMECULA REDEVELOPMENT
� AGENCY APPROVING PROPOSED ADMINISTRATIVE
BUDGETS PURSUANT TO HEALTH AND SAFETY CODE
SECTION 34177 AND TAKlNG CERTAIN ACTIONS IN
CONNECTtON THEREWITH
THE BOARD OF DIRECTORS OF THE OVRESIGHT BOARD OF THE
SUCCESSOR AGENCY TO THE TEMECULA REDEVELOPMENT AGENCY DOES
HEREBY RESOLVE AS FOLLOWS:
Section 1. The Board of Directors of the Oversight Board of the Successor
Agency to the Temecula Redevelopment Agency does hereby find, determine and
declare that:
A. Pursuant to Part 1.85 of the Community Redevelopment Law .
(commencing with Health and Safety Code Section 34170) ("Part 1.85"), the Successor
Agency to the Temecula Redevelopment Agency ("Successor Agency") is required to
unde�take a number of actions related to winding down the affairs of the former
Redevelopment Agency pursuant to Health and Safety Code Section 34177(h).
B. In connection with the administration and operations of the Successor
Agency, the Successor Agency is and will be utilizing the staff, facilities, and other �
resources of the City. The City Manager of the City serves as Executive Director of the
Successor Agency, the Temecula serves as Finance Officer of the Successor Agency,
and the City Clerk serves as Secretary to the Successor Agency. Planning, finance,
engineering, public works, and other City departments devote and are expected to
� devote substantial time with respect to the administration and operations of the
Successor Agency, including gathering information relating to the Redevelopment
Agency's enforceable obligations, conferring with public officials representing
governmental agencies, and undertaking other activities in connection with
administration and operations of the Successor Agency.
C. By providing and making available to the Successor Agency the staff,
facilities, services, and other resources of the City, including, without limitation,
consultants, legal counsel, office space, equipment, supplies, and insurance, necessary
to the administration and operations of the Successor Agency, the City has advanced
and wil( continue to advance the cost of the foregoing to the Successor Agency. The
City and the Successor Agency desire to enter into an agreement to provide for an
appropriate method of reimbursement of such advances by the Successor Agency to �
the City.
D. Pursuant to Hea(th and Safety Code Section 34171(d)(1)(F), contr.acts or
agreements necessary for the administration or operation of the Successor Agency are
enforceable obligations and pursuant to Health and Safety Code Sections 34178(a) and
34180(h), the Successor Agency may enter into agreements with the City with the ,
. approval of the oversight board for the Successor Agency (the "Oversight Board").
E. Pursuant to Health and Safety Code Section 34177Q), the Successor
Agency is required to prepare a proposed administrative budget for each six month
fiscal period and submit each proposed administrative budget to the Oversight Board for
its approval. Each proposed administrative budget shall incfude alI of the following: (1)
Estimated amounts for Successor Agency administrative costs for the applicable six-
month fiscal period; (2) Proposed sources of payment for the costs indentified in (1);
and (3) Proposals for arrangements for administrative and operations services provided
by the City or another entity.
F. Pursuant to Health and Safety Code Section 34177(k), the Successor
Agency is required to provide administrative cost estimates, from its approved •
administrative budget that are to be paid from property tax revenues deposited in the
Redevelopment Property Tax Trust Fund, to the County Auditor-Controller for each
applicable six-month fiscal period. ,
Section 2. This Resolution is adopted pursuant to the provisions of Part 1.85.
Section 3. The Board hereby approves the administrative budget for the six-
month fscal period commencing January 1, 2012 and ending June 30, 2012 attached
hereto as Exhibit A and incorporated herein by reference and the proposed
administrative budget for the six-month fiscal period commencing July 1, 2012 and
. ending December 31, 2012 attached hereto as Exhibit B and incorporated herein by
reference. ,
Section 4. TF�e 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, and any such actions
previously taken by such officers and staff are hereby ratified and confirmed.
Section 5. The Secretary shall certify to the adoption of this Resolution.
PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Oversight
Board Successor Agency to the Temecula Redevelopment Agency this 25�' day of April, �
2012. .
� John Meyer, Chairperson
ATTEST:
Susan W. Jones, MMC
City Clerk/Board Secretary �
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk/Board Secretary of the Oversight Board of the
Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the
foregoing Resolution No. OB SARDA 12- was duly and regularly adopted by the Board
of Direc#ors of the Oversight Board of the Successor Agency to the Temecula
Redevelopment Agency at a meeting thereof held on the 25�' day of April, 2012, by the
following vote:
AYES: BOARD MEMBERS:
NOES: BOARD MEMBERS:
ABSENT: BOARD MEMBERS:
ABSTAIN: BOARD MEMBERS:
� Susan W. Jones, MMC
City Clerk/Board Secretary
'
EXHIBIT A
ADMINISTRATIVE BUDGET FOR THE SIX-MONTH FISCAL
PERIOD COMMENCING JANUARY 1, 2012 AND ENDING JUNE 30, 2012
Suc�so� Agency Administrative
Budget by Fanding Sou�e 1/1/2012
through 6/30/2012
Property Other Total
Tax Sources
999 5100 SALARIES & WAGES �6,018.46 267,23939 243,257.85
�999 5101 DEFERRED COMPENSATION 0.00 0.00 0.00
999 5102 P.E.R.S. RETIREMENT 12,436.77 55,15439 67,591.16
999 5l03 CAL CASH OUT 1,884.05 8,355.35 20,239.40
999 5104 MEDICJIRE 680.50 3,017.89 3,698.39
999 5105 BENEFITS FLIX 1,824.12 8,084.60 9,913.72
999 5106 AUf� ALLOWANCE 235.15 1,042.86 1,278.01
999 5108 VOL LIFE INSURANCE , 70.77 313.83 384.60
999 5109 UNEMPLOYMENT TRAINING TAX 20431 906.07 1,110.38
999 5110 DISABIIifY INSURANCE 355.64 1,577.18 1,932.82
999 5112 WORKERS' COMP 381.05 1,689.89 2,070.94
999 5113 HEALTH INSURANCE 2,516.13 11,158.51 13,679.64
999 5114 DENTAL INSURANCE � 610,34 2,706.73 3,317.07
999 5115 MEDICAL REIMBURSMENT 140.73 624.10 764.83
999 5116 VISION INSURANCE 84.07 372.83 456.90
999 5117 CHILD G4RE RQMBURSEMENT 73.60 326.40 40Q.00
999 5119 PART-TIME (PROJECf) 0.00 0.00 0.00
999 5121 OVERTIME WAGES 156.40 693.60 850.00
999 5180 WELLNE55 PLAN 204.81 90$.30 1,113.11
999 5190 LIFE & ACCIDENT INSURANCE 244J5 1,085.39 1,330.14
SALARY AND BENEFITS Total 2 36
�� � ��
999 5208 TELEPHONE SERVICE 0.00 Q.00 0.00
994 5220 OFFICE SUPPLIES 92.00 408.00 500.00
399 5222 PRINTING 23.00 102.00 125.00
, 999 5226 DUES & MEMBERSHIPS 900.86 3,995.14 4,896.00
999 5227 TRUSTEE ADMIN FEES 516.12 2,288.88 2,805.00
999 5228 PUBLICATIONS 23.00 102.00 125.00
999 5230 POSTAGE & PACKAGING 23.00 102.00 125.00
999 5231 PROPERTY TAX ADMIN FEES . 4,287.20 19,012.80 23,300.00
999 5234 RENT/FACIIIfY 0.00 0.00 0.00
999 5242 SMALL TOOLS/EQUIPMENT 92.00 408.00 500.00
999 5246 LEGAL SERVICES-GENERAL 9,200.00 40,800.00 50,000.00
999 5248 CONSULTING SERVICES 448.65 1,989.68 2,43833
999 5250 OTHER OUTSIDE SERVICES 0.00 ' 169,886.00 169,886.00
999 5254 ADVERTISING 184.00 816.00 1,000.00
999 5258 CONPERENCES 0.00 0.00 ,0.00
999 5260 PROFESSIONAL MEETINGS 115.00 510.0� 625.00
999 5261 STAFF TRAINING/EDUCATION 188.60 836.40 1,025.00
999 5262 MILEAGE 36.80 163.20 200.00
� �� �
OPERATIONS AND MAINTENANCE ToWI 16, 1 3 0.23 241,42 257,550.33
999 5330 INSURANCE 3,377.78 14,979J2 1
. 999 5340 INFORMATION TECHNOLOGY 2,614.73 11,595.17 14,210.50
999 5345 SUPPORT SERVICES 298.63 1,32437 1,623.00
999 5350 FACILITIES 4,456.98 19,28�3.02 23,746.00
999 5380 CITY ADMIN CHARGES 0.00 0.0� 0.00
999 5383 COUNTY ADMIN FEES 0. 00 0.00 0.00
INTERNAL SERVICE ALLOCATION Total 10,748. 47,188.8 5
999 5444 OVERSIGHT BOARD OBLIGATIONS 0.00 0.00 0.00
OPERATIONS AND MAINTENANCE Total 0.00 0.00 ,
Project Totai 125,000.00 553,8 71.29 678,871.29
�� ��
NON-DEPARTMENTAL ToWI 125,000.00 553, 871.24 678,87
��
EXHIBIT B
PRELIMINARY ADMINISTRATIVE BUDGET FOR THE SIX-MONTH FISCAL
PERIOD COMMENCING JULY 1, 2012 AND ENDING DECEMBER 31, 2012
,
Sucre�sorAgenry Pre/iminary
Administrative Budget by Fund/ng
Sourcie 7/i/2012 through 12/31/2012
Property Other Total
Tax Sources
999 5100 SALARIES & WAGES 50,765.82 70,105.18 120,871.00
999 5101 DEFERRED COMPENSATION 0.00 0.00 0.00
999 5102 P.E,R.S. RETIREMENT 15,306.27 21,137.23 36,443.50
999 5103 CAL CASH OUT 1,842.75 2,544.75 4,387.50
999 5104 MEDICARE 762.93 1,053.57 1,816.50
999 5105 BENEFITS FLOC 0.00 0.00 0.00
999 5106 AUTO AIIOWANCE 252.00 348.00 500.00
999 5108 VOL LIFE INSURANCE 7.56 10.44 16,00
999 51D9 UNEMPLOYMENT TRAINING TAX 205.38 283.62 489.00
999 5110 DISABILITY INSURANCE 0.00 0.00 0.00
999 5112 WORKERS' COMP 569.10 785.90 1,355.00
999 5113 HEALTH INSURANCE 5,803.56 8,014.44 13,818.00
999 5114 DENTAL INSURANCE 0.00 0.00 0.00
999 5115 MEDIG4L REIMBURSMENT 0.00 O.OD O.OQ
999 5116 VISION INSURANCE 0.00 0.00 0.00
999 5117 CHILD CARE REIMBURSEMENT 0.00 0.00 0.00
999 5119 PART-TIME (PROJECT) 0.00 � 0.00 0.00
999 5121 OVERTIME WAGES O.OQ 0.00 0.00
999 5180 WELLNESS PLAN 205.8Q 284Z0 490.00
999 5190 LIFE & ACCIDENT INSURANCE 0.00 • 0.00 0.00
� �� ��
SALARY AND BENEFIfS Total 75,721.17 104,56733 180,288.50
� � �
0.00
999 5208 TELEPHONE SERVICE 0.00 0.00 0.00
999 5220 OFFICE SUPPLIES 210.OQ 290.00 500.00
999 5222 PRINIING 52.50 72.50 125.00
999 5226 DUES & MEMBERSHIPS 0.00 O.QO 0.00
999 5227 TRUSTEE ADMIN FEES 0.00 0.00 0.00
999 5228 PUBLICATIONS 0.00 0.00 0.00
999 5230 POSTAGE & PACKAGING 105.00 145.00 250.00
999 5231 PROPERTY TAX ADMIN FEES 0.00 0.00 0.00
999 5234 RENT/FACILifY O.QO 0.00 �0.00
999 5242 SMALL TOOLS/EQUIPMEfYT 0.00 0.00 0.00
999 5246 LEGAI SERVICES-GENERAL L5,750.00 21,750.00 37,500.00 ,
999 5248 CONSULTING SERVICES 1,462.65 2,019.85 3,482.50
999 5250 OTHER OtIfSIDE SERVICES 11,025.00 15,225.00 26,250.00
999 5254 ADVERTISING 0.00 0.00 0.00
999 5258 CANFERENCES 0.00 0.00 0.00
999 5260 PROFESSIONAL MEETINGS 315.00 435.00 750.00
999 5261 STAFF TRAINING/EDUCATION 420.00 580.00 1,000.00
999 5262 MILEAGE 52.50 72.50 125.00
OPERATIONS AND MAINTENANCE Total � 9,`382•50
0.00
999 5330 INSURANCE 5,782.56 7,985.44 13,768,00
999 5340 INFORMATION TECHNOLOGY 4,476.36 6,181.64 10,658.00
999 5345 SUPPORT SERVICES 511.35 706.15 1,217.50
999 5350 FACILITIES 6,615.91 11,193.59 17,809.50
999 5380 CITY ADMZN CHARGES 0.00 0.00 �•�
999 5383 COUNTY ADMIN FEES 0.00 0.00 0.00
�.�..� �� .��
INTERNAL SERVICE ALLOCATION Total 17,386.18 26,066.82 43,453.d0
�� �� ��
0.00
999 5444 OVERSIGHT BOARD OBLIGATIONS 2,500.00 0.00 2,500.00
OPERATIONS AND MAINTENANCE Total 0.00 2,500.00
i ��� ��
Project Total 125,000.00 171,224.00 296,224.00
�� ��
NON-DEPARTMENTAL Total 125,000.00 171,224 296 ,224.00