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2014/09/23 City Council Resolution 2014-112RESOLUTION NO. 2014 -112 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK AS SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROHNERT PARK APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR JANUARY 1 — JUNE 30, 2015 ( "ROPS 14- 1513"), PURSUANT TO SECTION 34177 OF THE CALIFORNIA HEALTH AND SAFETY CODE WHEREAS, in accordance with Section 341710) of the California Community Redevelopment Law (Health & Safety Code § 33000 et seq.) ( "CRL "), the City Council of the City of Rohnert Park ( "City" or "City Council," as applicable) is the Successor Agency to the former Community Development Commission of the City of Rohnert Park ( "Commission "), and is responsible for, among other things, winding down the dissolved Commission's affairs, continuing to meet the Commission's enforceable obligations, overseeing completion of redevelopment projects and disposing of the assets and properties of the Commission, all as directed by the oversight board created pursuant to Section 34179 of the CRL ( "Oversight Board "); WHEREAS, Section 34177 (1)(2) of the Health and Safety Code requires the City of Rohnert Park as the successor agency to submit to the State Department of Finance ( "DOF "), the State Controller, and the Sonoma County Auditor - Controller Treasurer -Tax Collector ( "County Auditor ") for review, Recognized Obligation Payment Schedules ( "ROPS ") which include enforceable obligations and Successor Agency administrative costs for six -month periods; WHEREAS, on June 27, 2012, the Governor signed into law, AB 1484 ( "Redevelopment Budget Trailer Bill ") to make technical and substantive amendments to AB 26 ( "Dissolution Act ") concerning issues including but not limited to, enforceable obligations and successor agency administrative costs; WHEREAS, pursuant to AB 1484, the ROPS for the period of January 1, 2015 to June 30, 2015 ( "ROPS 14 -15B ") shall be submitted to the Sonorna County Auditor - Controller Treasurer - Tax Collector, the State Controller's Office, and Department of Finance no later than October 3, 2014, after approval by the Oversight Board. WHEREAS, successor agency staff have prepared the attached ROPS as required pursuant to Health and Safety Code Section 34177(1)(2)(B). NOW, THEREFORE, CITY OF ROHNERT PARK FOR THE SUCCESSOR AGENCY OF THE CITY OF ROHNERT PARK DOES RESOLVE AS FOLLOWS: Section 1. The Recognized Obligation Payment Schedule for the period January 1, 2015 to June 30, 2015 in the form attached to this resolution and incorporated herein by reference is hereby approved. Section 2. The staff of the Successor Agency is hereby directed to submit the ROPS to DOF, the State Controller, and the Sonoma County Auditor - Controller Treasurer -Tax Collector and post the ROPS on the Successor Agency's website in accordance with Health and Safety Code Section 34177(1)(2)(C), and to cooperate with DOF to the extent necessary to obtain DOF's acceptance of the ROPS, including, if necessary, making modifications to the ROPS determined by the City Manager to be reasonable and financially feasible to meet its legally required financial obligations. DULY AND REGULARLY ADOPTED by the City Council of the City of Rohnert Park as Successor Agency to the Community Development Commission of the City of Rohnert Park this 23rd day of September, 2014. CITY OF ROHNERT PARK Amy O. Ahanotu, Vice Mayor ATTEST: G T nne Buergler, City Clerk Attachments: ROPS 14 -15B BELFORTE: I y MACKEN7IE: �I:- `STAFFORD: (NtAC:; AHANOTIJ: CALLINAN: a ` %} AYES: NOES: " , ( ( ) ABSENT: ( ) ABSTAIN: ( ) 2014 -112 Recognized Obligation Payment Schedule (ROPS 14 -15B) - Summary Filed for the January 1, 2015 through June 30, 2015 Period Name of Successor Agency: Rohnert Park Name of County: Sonoma Current Period Requested Funding for Outstanding Debt or Obligation Six -Month Total Enforceable Obligations Funded with Non- Redevelopment Property Tax Trust Fund (RPTTF) Funding A Sources (B +C +D): $ 5,700,064 B Bond Proceeds Funding (ROPS Detail) 5,700,064 C Reserve Balance Funding (ROPS Detail) D Other Funding (ROPS Detail) - E Enforceable Obligations Funded with RPTTF Funding (F +G): $ 2,836,434 F Non - Administrative Costs (ROPS Detail) 2,644,735 G Administrative Costs (ROPS Detail) 191,699 H Current Period Enforceable Obligations (A +E): $ 8,536,498 Successor Agency Self- Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): 2,836,434 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) (2) K Adjusted Current Period RPTTF Requested Funding (W) $ 2,836,432 Controller Reported Prior Certification of Oversight Board Chairman: Pursuant to Section 34177 (m) 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 agency. to Current Period RPTTF 2,836,434 2,836,434 Name Title /s/ Signature Date M Rohnert Park Executive Director, CFO, Redeve!oprne Legal, etc.) 2011 -02) It Project Area Williams and No 2010 -20) Recognized Obligation Payment Schedule (RODS 14 -15B) - ROPS Detail Sorenson t Project Area Successor Various improvements to Rohnert Park January- 1, 2015 through June 30, 2015 Community Center Redevelopmen Campus as t Project Area (Report Amounts in Whole Dollars) Feasibility Study (see A B C D E F G H 1 J K t M N D A vacant lot and other phased projects. Funding Source Fund Total Non - RPTTF RPTTF item Contract/Agreement ContgettAWeentent Outstanding Debt Bond Reserve I # Project Name i Debt Obligation Obligation Type Execution Date Terawultiod Date Payee escription /Project Sco Project Area or Obligation Retired Proceeds Balance Other Funds Non - Admin Admin ix -Month Tot S 109A41.226'l 5,700,064 $ -IS - $ 2. 644,735 S 191:699 $ 8.536.498 395,000 968,438 3 2007R Tax Allocation Bonds Bonds issued On or 3128/2007 8/1;2037 Union Bank Bonds issue for non- Rohnert Park 35,652.100 N 486,959 486,959 Before 12/31/10 housing projects Redevelopmen it Project Area 4 2007P Tax Allocation Bonds Bonds Issued On or 3/2812007 2/1/2038 Union Bank Bonds issue to fund Rohnert Park 23,360,538 N 335.391 335,391 Before 12/31/10 I housing projects Redevelopmen t Proiect Area Rohnert Park Executive Director, CFO, Redeve!oprne Legal, etc.) 2011 -02) It Project Area Williams and No 2010 -20) Redevelopmen Sorenson t Project Area Successor Various improvements to Rohnert Park Agency Community Center Redevelopmen Campus as t Project Area recommended by the Feasibility Study (see item #21- page 1) including energy savings improvements, redesign of the center plaza area, development of adjacent vacant lot and other phased projects. RACDC Successor Agency \Dissolution and ROPS \ROPS 14 -15B \Rohnert Park ROPS 14 -15B validation copy 9- 19- 14.xlsx Recognized Obligation Payment Schedule (ROPS 14 -15S) - ROPS Detail January 1, 2015 through June 30, 2015 (Report Amounts in Whole Dollars) A B C D E F G H I J K L M N O P Funding Source Fund Total Non - RPTTF RPTTF Bond Reserve Contract/Agreement ContractlAgreement Outstanding Debt Item # Project Name / Debt Obli tlon Obligation Type Execution Date Termination Date Payee lescriptionflPtSiEd Scar Pro ct Area or Obliliggon Retired Proceeds Balance Other Funds Non -Adman Admin -Month Tat 14 Recreational and Community OPANDA1C0nsirocti 1/25/2011 12131/2015 Successor Improve recreational and Rohnert Park N Facilities improvements on Agency community facilities Redevelopmen serving the Project Area. t Project Area Several projects have been identified including an aquatics facility, water /spray parks and all weather sports fields, Feasibility studies are underway (see item #22 page 1). 15 Commercial Building improvementllhfrastr 1/252011 12/3112015 Successor Program will provide low Rohnert Park N Improvement Program ucture Agency interest loans for fagade Redevelopmen improvements and t Project Area commercial rehabilitation of commercial properties within the Project Area. 16 Temporary Fire Station Facility fmprovement/infrastr 1252011 12/312015 Successor Modification of an Rohnert Park N ucture Agency existing City-owned Redevelopmen building to utilize it as a t Project Area temporary fire station to service portions of the Project Area. Facility will provide service until such time as funding is available for a permanent facility. 17 Community Sign Program Improvementllnfrastr 1/252011 12!312015 Successor Based on Corridor Plan, Rohnert Park N ucture Agency develop functional Redevelopmen signage for major streets t Project Area and major attractions.. 18 Neighborhood Beautification OPA/DDAIGonstructf 1252011 121312015 Successor Programs provides Rohnert Park N Program on Agency assistance to residential Redevelopmen property owners for t Project Area improvements such as painting, landscaping and other improvements. 19 Avram Development/Former City OPA/DOA/Construch 1252011 121312015 Successor Redevelop former City Rohnert Park N Hall Reuse on Agency Hall site and two Redevelopmen contiguous parcels t Project Area (6230 Commerce Blvd., 100 and 120 Avram Avenue) based on findings made in feasibility study related to affordable housing obligations. R: \CDC Successor Agency \Dissolution and ROPS \ROPS 14 -156 \Rohnert Park ROPS 14 -158 validation copy 9- 19- 14.xlsx Recognized Obligation Payment Schedule (ROPS 14158) - ROPS Detail January 1, 2015 through June 30, 2015 (Report Amounts in Whole Dollars) A B C D E F G H i J K L M N O P Furnfirm Source Fund Total Non -RPTT RPTTF Bond Resewe ContractlAgreement CoMractlAgraemeet Outstanding Debt item 8 Project Name 1 Debt Obligation T Execution Date Termination Date Payee ect Pro Area or Obligation Retired Proceeds Balance Other funds Non -Admin Admin - Ndonth Tot 20 Southwest Fire Station Reuse DPAVOA+Construcli 1%1512011 12/312015 Successor Redevelop propedywith Rohnert Park N on Agency 17 very -low, income Redevelopmen housing units or an t Project Area altemative use focused on creating a public assistance site 21 Rohnert Park dousing OPAMDAlConstructi 11252011 121318015 Successor Provide rehabiiit thn Rohnen Park N Rehabilitation Loan Program on Agency loans to low and very. Redevelopmen tow income households, t Project Area 22 Assistance to Community Based OPAfDDArConstructi 1852011 12131%1015 Successor Provide financial Rohnert Park N Organaabans on Agency assistance for health Redevelopmen and safety repairs to t Project Area homes occupied by low - income families with children, seniors and disabled individuals. Provide one -time rental assistance to eligible residents experiencing financiai difficulty. Provide rental subsidy for low and very-low income individuatslfamilies living in CDC - owned, COTS - managed Transitional and Shared Living homes. 23 Southwest Boulevard Shopping OPNDDAtGonstruch 125,2011 IM1=5 successor housing Element Rohnert Park N Center Site on Agency identifies this site for Redevelopmen redevelopment of mixed- t Project Area use housing with 12 affordable housing units; 4 very-low income and 8 low - income units. 24 Requisition of Affordability 0PAIDDA1COnslrudi 1)258019 12/318015 Successor Purchase affordability Rohnen Park N Covenants on Agency covenants to restrict Redevelopment occupancy of Rohnert t Project Area Park rental units for 55 years to low and very- low income households. 5 Subsidies for Non -Profit OPA/DDAIC.onstructi 1852011 12,312015 Successor Provide subsidies to non Rohned Park N Development on Agency profit developers to Redevelopmen Increase affordable t Project Area F housing opportunities within the Project Area and City. issued tm or 12/31/10 R: \CDC Successor Agency \Dissolution and ROPS \BOPS 14- SSB \Rohnert Park BOPS 14 -15B validation copy 9- 19- 14.xlsx Recognized Obligation Payment Schedule (ROPS 14 -15B) - ROPS Detail January 1, 2015 through June 30,20`15 (Report Amounts in Whole Dollars) A B C D E F G H i J K L M N O P Funding Source Fund Total Non - RPTTF RPTTF Bond Reserve Contract/Agreement Contract/Agreement Outstanding Debt Item # Prqlect Name I Debt Obi r tion Obligation Type Execution Date Termination Date Pa ee eseriptionlProject Sco Pro' et Area or Obligation Retired Proceeds Balance Other Funds Non - Admin Admin ix -Month Tot 28 Sports Center Locker Rooms Bonds Issued On or 91292014 6,3012015 City of Bond funded project Rohnert Park 399,160 N 399,160 399,160 Retrofit Before 12/31/10 Rohnert Park Redevelopment t Project. Area 29 Public Safety Main HVAC Bonds Issued On or 9292014 6/30/2015 City of Bond funded project Rohnert Park 330,000 N 330,000 33Q,000 Replacement Before 12/31/10 Rohnert Park Redevelopmen I Project Area 30 k B, and L -Park Restroom Bonds Issued On or 9/29/2014 6/302015 City of Bond funded project Rohnert Park 101,000 N 101,000 101,000 Renovation Before 12 /31/10 Rohnert Park Redevelopmen I Project Area 31 Administrative Cost Cky /County Loans 1/1/2013 6/30/2015 Successor Reimbursement of Rohnert Park 66,699 N 66,699 66,699 reimbursement 1 -1 -14 to 6 -30 -14 After 627 /11 Agency administrative costs Redevelopmen during the ROPS 13/14B t Project Area period 32 City General Fund Loan City /County Loans 6/15/2000 1212036 City Of Loan made by City of Rohnert Park 2,157,867 N 96.085 98,085 On or Before 6/27111 Rohnert Park Rohnert Park General Redevelopmen Fund t Project Area 33 Agreement with the City of Bonds Issued On or 9292014 91302024 City of Transfer of bond Rohnert Park 4,081,480 N 4,081,480 4,081,480 Rohnert Park regarding Before 12/31/10 Rohnert Park proceeds that will be Redevelopmen expenditure of excess bond spent in a future ROPS t Project Area proceeds period 34 N 35 N 36 N 37 N 38 N 39 N 40 N 41 N 42 N 43 N 44 N 45 N 461 N 47 N 48 N 49 N 50 N 51 N 52 N 53 N 54 N 551 N 56 N 57 N 58 N 59 N 60 N 61 N 62 N 63 N 64 N 65 N 661 N At. r N Recognized Obligation Payment Schedule (ROPS 14 -15B) - Report of Cash Balances (Report Amounts in Whole Dollars) 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 available 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 ht pad.dof.c ! v - t /L?& / salpdf Cash Balance Agent Tips Sheet.pdf. A B C D E F G H ! Fund Sources Bond Proceeds Reserve Balance Other RPTTF I Prior ROPS Prior ROPS period balances RPTTF Bonds Issued Bonds Issued and DDR RPTTF distributed as Rent, Non -Admin on or before on or after balances reserve for Grants, and Cash Balance Information by ROPS Period 1 12/31110 01/01/11 1 retained future period(s) Interest, Etc. I Admin Comments ROPS 13- 1413 Actuals 01/01/14- 06130114 1 Beginning Available Cash Balance (Actual 01101/14) The RPPTF Cash received for ROPS 2 (July 1, 2012 to Dec 31, 2012) Admin costs of 124.675.32 (paid by GF) was never transferred to reimburse GF and was erronesouly included in the 14 -15A Beginning Available Cash, 1 -1 -14 Beginning Available Cash has been reduced by 124, 675.32 and transfer to GF will be made 8,128,597 574,873 1,365,388 4,565 43,834 before 12- 31 -14. 2 Revenue /Income (Actual 06/30114) RPTTF amounts should tie to the ROPS 13 -14B distribution from the County Auditor - Controller during January 2014 8,406 1 7,897 1,253,307 3 Expenditures for ROPS 13.14B Enforceable Obligations (Actual 06/30114) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures in the Report of PPA, Columns L and Q 1.360,692 1,178,367 4 Retention of Available_Cash Balance (Actual 06130114) RPTTF amount retained should only include the amounts distributed for debt service reserve(s) approved in ROPS 13 -14B ( 5 ROPS 13 -14B RPTTF Prior Period Adjustment I RPTTF amount should tie to the self - reported ROPS 13 -14B PPA In thed u(d Report of PPA, Column S _ y 2 6 Ending Actual Available Cash Balance C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4.5) $,137,003 - 574,873 4,696 92,462 118.772 ROPS 14 -15A Estimate 07101/14.12/31/14 7 Beginning Available Cash Balance (Actual 07101114) (C, D. E, G = 4 + 6, F = H4 + F4 + F6, and H = 5 + 6) 8,137,003 574,873 4,696 12,462 918,774 8 Revenuelincome (Estimate 12131114) RPTTF amounts should tie to the ROPS 14 -15A distribution from the County Auditor- Controller during June 2014 8,000 3,000 556,301 9 Expenditures for ROPS 14 -15A Enforceable Obligations (Estimate 12131/14) 481,362 4,565 1 731,385 10 Retention of Available Cash Balance (Estimate 12/31114) RPTTF amount retained should only include the amount distributed for debt service reserve(s) approved in ROPS 14 -15A 11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10) 8,145,003 93,511 4,696 10,897 54,310 RACDC Successor Agency \Dissolution and ROPS \ROPS 14- 15B \Rohnert Park ROPS 14 -15B validation copy 9- 19- 14.xlsx Reported f i .. �• Will oo ©vv ©o�o�a© Sod P—ads .., . ::� ®�� Recognized Obligation Payment Schedule (ROPS 14-1513) - Notes January 1, 2015 through June 30, 2015