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Home My WebLink About15-01 SARDA ResolutionRESOLUTION NO. SARDA 15 -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, 2015 THROUGH DECEMBER 31, 2015 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. The Agency duly adopted its Implementation Plan for 2010 -2014 on December 8, 2009 in accordance with Health and Safety Code Section 33490. 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'). SARDA Resos 15 -01 1 ' 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 CalAth 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. Health and Safety Code Section 34177(1), as modified by the California Supreme Court, provides that by March 3, 2015, the Successor Agency must prepare a Recognized Obligation Payment Schedule for the enforceable obligations of the former Redevelopment Agency, in accordance with the requirements of paragraph (1). 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. E. Accordingly, the Board desires to adopt this Resolution approving the Recognized Obligation Payment Schedule for the period of July 1, 2015 through ' December 31, 2015 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 period of July 1, 2015 through December 31, 2015 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 may 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. Staff is hereby authorized and directed to post a copy of the Oversight Board - approved ROPS on the Successor Agency's Internet Website (being a page on the Internet website of the City of Temecula). 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 SARDA Resos 15 -01 2 Recognized Obligation Payment Schedule 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. PASSED, APPROVED, AND ADOPTED by the Board of Directors of the Successor Agency to the Temecula Redevelopment Agency this 24th day of February, 2015. ATTEST: Randi Johl - Olson, City Clerk/Secretary [SEAL] SARDA Resos 15 -01 3 Jeff Comerchero, Chair STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss CITY OF TEMECULA ) I, Randi Johl - Olson, City Clerk/Secretary of the Successor Agency to the Temecula Redevelopment Agency, do hereby certify that the foregoing Resolution No. SARDA 15 -01 was duly and regularly adopted by the Board Members of the Successor Agency to the Temecula Redevelopment Agency of the City of Temecula at a meeting thereof held on the 24th day of February, 2015, by the following vote: AYES: 5 BOARD MEMBERS: Edwards, Naggar, Rahn, Washington, Comerchero NOES: 0 BOARD MEMBERS: None ABSTAIN: 0 BOARD MEMBERS: None ABSENT: 0 BOARD MEMBERS: None *7—� ' Randi Johl - Olson, City Clerk/Secretary J SARDA Resos 15 -01 4 IEXHIBIT A Recognized Obligations Payment Schedule for the period July 1, 2015 through December 31, 2015 (ROPS 15 -16A) Recognized Obligation Payment Schedule (ROPS 15 -16A) - Summary Filed for the July 1, 2015 through December 31, 2015 Period Name of Successor Agency: Temecula Name of County: Riverside Current Period Requested Funding for Outstanding Debt or Obligation Six -Month Tood I Enforceable Obligations funded with RPTTF (E): Enforceable Obligations Funded with Non - Redevelopment Property Tax Trust Fund ( RPTTF) Funding J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) A Sources(B +C+O): $ 336,666 B Bond Proceeds Funding (ROPS Deiall) - C Reserve Balance Funding (ROPS Detail) 336,800 D Other Funding (ROPS Detail) - E Enforceable Obligations Funded with RPTTF Funding (F+G): S 3,623,602 F Non - Administrative Costs (ROPS Dahill) 3,768,502 G Administrative Costs (ROPS Detail) 125,000 H Current Period Enforceable Obligation(A +E): S 4,260,166 Successor Agency SaN- Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): 3,923,502 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) (185,499) K Adjusted Current Period RPTTF Requested Funding (I -J) $ 3,738,003 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded wth RPTTF (E): 3,923,502 M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) N Adjusted Current Period RPTTF Requested Funding (L-M) 3,923,502 Canilication of Oversight Board Chairman: Pursuant to Section 34177 (m) of the Health and Safety code, I hereby certify that the above is a We and accurate Recognized Name Title Obligation Payment Schedule for the above named agency. 151 Signature Date Racognlzed Obligation Prymant ScMdula (RODS 15�1M) • ROPS Mull July 1, 2015 through Mcambar 31, 2015 (Repwl A... In WM4 W..) A B C 0 E F O H I J N L m X 0 p Furdln &a. Non- RebYNCpmaM PmPMY Tax Trust Farad ftrApilF l RPTTF Cgnra Nneemw4 CmuacYAOreemam Taw OUledMO0 Sam x name /DeM Oul non O"alann TxIxe Emanation Owe Tmmlretlm Date ftrds, Nuarmnil'ronsdoSda" P10 dArw Dust or sYm NOW Bond PlIXxUS Reserve WMrca tar Funds Nor AEmin Admin SlrMenttl Total I 55"800 6 3MM 3.M W2 i 126000 f 420D.168 1 Trustee MmrnF ea Fen 4441 2 X!8^1015 US Bank as Trustee for Trawl, F lar T PmpeNYTea ReNMwemenl 1.1 2 AbEM OPA 0PAJDDA orstc 211=2 L1L2021 MW Va. X01.1889 1,&00,X) N 170,000 f 17O,M an 3Aboon OPA 0PAJDOAICmt—b 211=)2 2/12/1021 ALbMIVasatlw ROlmburnmaMI*rD. p axd No I-IM 750,000 N 3 Im fOwmanla 95EMFPeymaM Reimburameno SERAFAE 5110mil w10.R016 LowMW Nov" Fund Wn of ww MW b Ra]ew. FUM M W1-19811 6 25d S SEW S T.ule Gardens L P Loan 0PA430AJConUrxdv 71111M T/112027 Temewla OaNnu L P. Imn far AllwdsMe HwtlnO No I-IBSB 3PoO.0W N 305.00 5 305,000 Agramerners an 62002 TAB FY 2012113 Oebl Servtp a., lsa. Ono, xQI 2 T4b2033 US Banks. Truwee fa Bonds lsews b Fwk RedewbpmeM Nol-IM 38653859 N P6,80) 589.738 E 030,3Po Bebre 1231110 Bandtwlden Azol0w, 72006 TAB Scrod A FY 2012130.4 Bards lasuw On or 12118=6 77102038 US Bank as Truwee for Bond. Xwes to Ftad Redewbonams Nat -IBY 27,236,M7 N 3rA,99p W.119 $ BSS118 Servlas ae Mon 1231/10 Bonamiden Aativlfws 82W6 TAB Sends B FY 201 W 30ad So. Wads On or IVIAN%fi 7/3X2036 US Bank ae Twln for Bwlds 1pusa W FUM Rad9wl0pmenl 001.1980 1.)1),W N 133,039 $ 133,038 Smiw BeloralMVI0 BOMbben A.U.. 9 200 TAB FY 2612/13 Oend Sdxra Bonasswued Ono, 1011712007 7/304037 US Bank at Tmebef Bond54wesb Fund RaOawlopmwl No1 -1866 25,824,228 N 705.453 S 705,452 Safari I Mill 0 Boras m. kfivam. 102010 Hoax, TAB Senn-A OBFT BaMS Issued On or 271471010 7/318000 US Bank es Twde for BaMS dsuss b Fund AXadede 001.1888 28018,008 N 771,000 f — - 771,860 201V131DMISer ea Bwma 1231110 BoMMMwe IbuX 11 2011 Hworq TAB Flwal Year BoMS Isle Allq 117X11 TalIM41 US Bank as Transient for BOMB IswOt b Fund AHgdsda No 1 -1986 35,261,759 N 757,209 f 757.203 120ID130anstSerfte(aal 12/31 110 1 BwdMbeR WuN A 4 Prornxude PeM1ng Gerge OPA 0PN9DA /CCMraxS 7444007 74 2516 FOnew CHIN Wn for PUbfu Parki, Gweq 001.1989 KOW N f IS PMeniwul Samoa Agnment PMnsiwl 322 11 69X2010 Emlrmmamal Stimw JeXdrson CmMq SpwlS Plan EIR No 1.1M N $ Serowe mead ws 16 PMnLwl Serviced Apcemnal PMnslgwl 3/128011 = 016 IMaM P.—, 30eti9n Jeflerwn COrrba 50eGlb Han No 1.1806 N 3 Sarvicv. ' 17 CSUSM Campus FWln9 Buxa.. I... 11124=9 1184,2019 Cal State San M. SaMlllts CamWS Oneloaronl Nal-Im Y $ marl ft.. 20 A8 ,AdminlaLaeon Mmin COtls 7118012 N3 016 mApb Px)ew A9wcYSblfCwnpnwtbnl AgrcY Not -1900 200.000 N 1R5,CW S 125.000 Adman i21 Ban rrx. NNTS(♦CnNCq,2Ybam] On N N., N�N1,��wdre L12 }9PoJ_18.11(2 %6 CAYapiemacW banfgayUwuan ad ..nV_�NO 1. B9B T3 2 N �f YL UMBwW.Odgalkars— Sawa Imes On —w, J842�12Y1�U5 B6rk'a6Trvwetl lq alvuear0 -FVW RNewMUIrcILLI W1�1 �{� 464 T81 N Y ®Y• is 3,H6 Y• 23 Vafwde0 CWi8atrone BOma Xaue0Onm B:IweULJ,r0 tL18006 TJm'2039 US tlenr: eatrvalse lw Bdradsl eamflad HeOavebvmtnl t t fy 1�Ip0B 190.000 N f 24 UMuMM 0d6W. SoMe haud]After =18011 71317X36 US Bank st Trustee for Bgds Issue. to Fund Rnewbpmenl 001 -1988 10000 N S 1231/10 BydMdsre AaMties 25 UMWed 0NVIxans Prafeudnl 3'2L2011 &=X)IS FrApormp6al SC'enw bflerwn CaMw SpcBlc Hen EIR Ns I-IW 114,070 N $ SmNCea AvsaLbs 26 UMVAM 051geWU Pmfenbnel 322]011 ww"l6 InMM WrvYro a 0eear .NHenm Gondar Spsx aHan Not -1886 13,530 N $ So.. 27 UMVMei 0dgal'wn OPAIODNCOnebuai 2128002 2128021 AMNI V.".r PmpMVT..Relmb... No 1.1968 2515M N on 26 N f M M Recognized Obligation Payment Schedule (ROPS 15.16A) - Report of Cash Balances (Report Amounts in Whole Dollars) 0 Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund ( RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other funding source is avallable or when payment from property tax revenues is required by an enforceable obligation. For tips on how to complete the Report of Cash Balances Form, see httus:/Irad.dof,ca.gov/rad- sa /pdf /Cash Balance Agency Tips Sheet odf A B C D E F G H Fund Sources Bond Proceeds Reserve Baton" Other RPTTF Pnor ROPS Prior ROPS penod balances RPTTF Bonds Issued on and DDR RPTTF distributed as Rent, Non -Admin or before Bonds Issued on balances reserve for future Grants, and Cash Balance Information b ROPE Period 12/31110 or after 01/01/11 retained erbd s Interest, Eta Admin Commems ROPS 14- 15A Actuate 07/01/14 - 12131114 1 Beginning Available Cash Balance (Actual 07101114) 7,988,573 8578,119 901,994 3,480,895 2 Revenue/Income(Actual 12131/14) RPTTF amounts should be to the ROPS 14 15A distribution from the County Auditor-Controller during June 2014 242 1,535 3,134 3 Expenditures for ROPS 14.15A Enforceable Obligations (Actual 12131114) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures in the Report of PPA, Columns L and O 85 80 901.994 3.884.936 4 Retention of Available Cash Balance (Actual 12131114) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 14.15A RPTTF Prior Period Adjustment - ' • - RPTTF amount should tie to the self -reported ROPS 14 -15A PPA in the _ - - Report ofPPA,ColumnS - - No en"required 185,499 6 Ending Actual Available Cash Balance - -- . Cto G- (1 +2- 3- 4),H =(1 +2- 3.4.5) 9 7,99 730 3 8579,538 6 - 9 - 9 3,134 $ 369740 ROPS 14-158 Estimate (01101116. 06/30115 7 Beginning Available Cash Balance (Actual 01/01/15) - (C, D, E, G= 4 +6,F= H4 +F4 +F3, and H =5 +6) $ 7.088730 'f 8579,568 f - $ '6 1134. 6 261,241 8 Revenue8ncome (Estimate 0&30115) RPTTF amounts should be to the ROPS 14 -15B distribution from the County Auditor - Controller during January 2015 2,912,525 9 Expenditures for ROPE 14.18B Enforceable Obligations (Estimate 06130115) 2.437,502 10 Retention of Available Cash Balance (Estimate 06130115) RPTTF amount retained should only include the amounts distnbuted as reserve for future period(s) 336,666 11 Ending Estimated Available Cash Balance (7 +6.9.10) 8 7988 730 $ 8,579,568 f 6 - 1 3174 9 88,884 -I•J Obl MRq��b Rw,r1e0m11M ROPE 1R 3p11Mmu�N tvr31' M141PwW RvYYMbINeMmE I Y pll ) ElMy fgM(ll$C)Nqun N1B5(e) (%Ixxxt MLiuNe In NTW OLNE ROPS 14-IM S—sw/pewY(SM UR-rp vd PMr PMeYAEluatrrnnls(PPAI: Pwwenl m NSCMe nN1801.1.SNara rplptlm]emlltlq MIIgnIMe peMYenIM4 ufuel NYbtle IunMpRM Ntlr tluYapMXIN[ mrIM ROP51415A IJUY]'Vlrwgll DscemOp 30111 prkp, TM unOUnlW ReEerexp t R m' Ter TIM FW (RPTTF).O ve0 lu' IM RODS 1S16A(Jul, Illrwp. 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CPA A NMI IW 811 te5 x3 3 MNU CPA J SERK Prymx1 f 3 { emLVemni 5 ]aniuY ASasc 93eR0 e30.PM1 E 30e.W3 MI,W f j LPLnn e xooxnm� wY mLew wl vw %ASm %.ew 3 naeeo zrJ,em s + `3 ] MB 1. sw4A fv mml3 e.Y esxale W.ne $ eexao a62m f 1 s a a.. e xmerAe sm.ee IeB,.va ]xeau f Im3u 1a,33e s e 3 e y130.d Swke B lal]iIH FY Ep]Bxr W]AN 0 e %006 pl.S% 1 tl 3 m1L13 MY wvb 10 mmXgpeY iA3 e Aa9 106,311 ]EB.y] 3 1M.3J] KEexl 3 16Y.030 3 1 &.Bb mmuou L I F.1 Y—. .1 l IN., I..., 3 lY w] 1".., f m saw 1-1 1-1 v ae roml IrFUYVbA s s 3 J PmmeyMPMLR f 3 y 15 RMaeaaal j y , 18 Pakr.wul y Savor. 3 II 6mWN Bl,l% %.lw { %. tt4 81,101 y j FCSWIJSN le swa�aw.wa Ib+Y9 Mmana, 3 5 + t P.OPA 9me F WA m + n mn bM xl mM3 3 s 3 X zx urem.e s s y on a urJaY.e s 3