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2014/12/09 City Council Resolution 2014-170RESOLUTION NO. 2014-170 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 AUTHORIZING THE TRANSFER OF ALL FORMER COMMUNITY DEVELOPMENT COMMISSION HOUSING ASSETS TO THE CITY OF ROHNERT PARK WHEREAS, the California state legislature enacted Assembly Bills xl 26 and 1484 (together, the "Dissolution Act ") to dissolve and unwind the affairs of redevelopment agencies formed under the Community Redevelopment Law (Health and Safety Code Section 33000 et seq.); and WHEREAS, the Dissolution Act provides that the city, county, or city and county that authorized the creation of the redevelopment agency shall be the "successor agency" to the dissolved redevelopment agency unless the city, county, or city and county elects not to serve as the successor agency under Health and Safety Code Section 34173(d)(1); and WHEREAS, the Dissolution Act, at Health and Safety Code Section 34176, also provides that the city, county, or city and county that authorized the creation of the redevelopment agency may also elect to retain the housing assets and functions previously performed by the former redevelopment agency; and WHEREAS, by adoption of Resolution No. 2012 -10 adopted on January 10, 2012, the City Council of the City of Rohnert Park (the "City Council ") declared that, effective February 1, 2012: (1) the City of Rohnert Park (the "City "), acting in a separate legal capacity and as a separate public entity pursuant to Health and Safety Code Section 34173(g), would act as successor agency (the "Successor Agency ") for the Community Development Commission of the City of Rohnert Park (the "CDC "); and (2) the City of Rohnert Park would retain the housing assets and responsibility for performing housing functions previously performed by the CDC; and WHEREAS, pursuant to Health and Safety Code Section 34176(a), all rights, powers, duties, obligations, and housing assets (as defined in Section 34176(e)) have been or shall be transferred to the City; and WHEREAS, the City prepared and submitted for review by the Department of Finance ( "DOF ") the Housing Asset List required under Health and Safety Code Section 34176(a)(2) ( "Housing Asset List ") attached to the staff report accompanying this Resolution (the "Staff Report"); and WHEREAS, the Housing Asset List constitutes a list of all "housing assets" of the CDC; as defined in Health and Safety Code Section 34176(e), including: real and personal property interests acquired for low- and moderate - income housing purposes; encumbered funds; loan and grant receivables for assistance provided by the Low and Moderate Income Housing Fund ( "Housing Fund "); rents and payments from housing operations; and amounts owed to the Housing Fund as a result of previously deferred or borrowed Housing Fund deposits; and WHEREAS, DOF approved the City's Housing Asset List by letter dated August 29, 2012 ( "DOF Letter "), which letter is attached to the Staff Report accompanying this Resolution; and WHEREAS, the Housing Asset List, DOF Letter and Staff Report provide supporting information upon which the actions set forth in this Resolution are based; and WHEREAS, upon dissolution on February 1, 2012, all housing assets as defined in Health and Safety Code Section 34176(e) transferred from the CDC to the City; and WHEREAS, to the extent any housing assets have not so transferred, in accordance with Health and Safety Code Section 34181(c), the Oversight Board may authorize and direct the transfer of the housing asset to the entity taking over the housing functions of the City; and, WHEREAS, on December 1, 2014 the Oversight Board to the Successor Agency adopted Resolution No. 2014 -10 directing the transfer of all CDC housing assets to the City of Rohnert Park. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROHNERT PARK, AS SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROHNERT PARK, DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The City Council as Successor Agency hereby finds and determines that the foregoing recitals are true and correct, and together with the following documents and information form the basis for the approvals, authorizations, findings, and determinations set forth in this Resolution: (1) the Housing Asset List; (2) the DOF Letter; (3) the Staff Report; and (4) the information provided by the Successor Agency and City Staff and the public. Section 2. In accordance with Health and Safety Code Section 34181(c), the City Council as Successor Agency does hereby authorize the transfer of the housing assets in the Housing Asset List to the City, acting as the housing successor to the CDC pursuant to Health and Safety Code Section 34176(a)(1). Section 3. The City Manager as the Successor Agency's Executive Director, or their designee, shall be authorized to take such additional actions, and to execute all documents necessary and appropriate (including the execution of any release, quitclaim deed or grant deed) to effectuate the transfer of the housing assets of the former CDC to the City in satisfaction of Health and Safety Code Section 34176(a)(1). Section 4. The transfer of the housing assets to the City is exempt from the requirements of the California Environmental Quality Control Act pursuant to State CEQA Guidelines Section 15061(b)(3) (as an action which it can be seen with certainty will not have a significant effect on the environment). Section 5. This Resolution shall take effect immediately upon adoption. 2014 -170 DULY AND REGULARLY ADOPTED by the City Council of the City of Rohnert Park as Successor Agency this 9h day of December, 2014. ATTEST: JoAnne Buergler, City 8 lerk CITY OF ROHNERT PARK '-' f / 6.1 Joseph T j'allinan. Mayor BELFORTE: AVE MACKENZIE: hiF- STAFFORD: _N16 AHANOTU: P4E� CALLINAN: MIE AYES: ( 5 ) NOES: ( p ) ABSENT: ( p ) ABSTAIN: ( 0 ) 2014 -170 ATTACHMENT 1 DEPARTMENT OF FINANCE HOUSING ASSETS LIST ASSEMBLY BILL X1 26 AND ASSEMBLY BILL 1484 (Health and Safety Code Section 34176) Former Redevelopment Agency: Community Development Commission of the City of Rohnert Park Successor Agency to the Former Redevelopment Agency: City of Rohnert Park Entity Assuming the Housing Functions of the former Redevelopment Agency: City of Rohnert Park Entity Assuming the Housing Functions Contact Name: Linda T. Babonis Title Economic Development Mgr. Phone (707) 588 -2233 Entity Assuming the Housing Functions Contact Name: Cathy Orme Title Director of Finance Phone (707) 585 -6717 E -Mail Address Ibabonis@rpcity.orq E -Mail Address corme(@rpcity.or All assets transferred to the entity assuming the housing functions between February 1, 2012 and the date the exhibits were created are included in this housing assets list. The following Exhibits noted with an X in the box are included as part of this inventory of housing assets: Exhibit A - Real Property Exhibit B- Personal Property Exhibit C - Low -Mod Encumbrances Exhibit D - Loans /Grants Receivables Exhibit E - Rents /Operations Exhibit F- Rents Exhibit G - Deferrals Prepared By: O O O Linda T. Babonis Date Prepared: 30- Jul -12 Exhibit A - Real Property City of Rohnert Park Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) a/ Asset types may include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space b/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements: t;pnslrklatlall'Qate'of frrtareet in = �gtq 1 � �� ��� �� Is th4 Property Delta? oricquls(o Can3fruatton omautitloar emlmheatian real property. �@ �so �� �� »�����anoum6arodhy trens€ar.to: coskfurtd+S;t. or�wqulsttfcn araogtsialtlon: pr (aptlonta ism s t Total- ��� Sgleaee iilotega sda�vana d < Source a! low. °Houeing. with W *ad. poitrl;[ur3d¢tf �BAtsl►i7tid d'. c Ssitloni a qu . - . p>i rcgaee, 4e tJ1114 dnp p►rY 9 •Value square re��er Sit far Yogi. hvunl 9 mod;flouaing &ugcessot . Houitln Fliild Yyft.h.- thOr ►YItF1'ii4 l7tDl0.: by th0 casar"Ot, Itram l9 Type at AaWk` al Ueaadpttpn.: If ...Ai+tet 6 M1itttage' ;. ..mod housing CMiBdEaist7 coven Ant AI A9ency, ROII' etc:1. Single Family 746 Brett Avenue All Yes Sonoma Home County Community Appraised Value Development 1 at Purchase I Unknown I I I lCommission 1 2/1/2012 1 $160.312 1 $0 1 $0 6/3011998 Fee Sim le Single Family 7982 Santa Barbara All Yes Sonoma Home Drive County Community Appraised Value Development 2 at Purchase Unknown Commission 2/1/2012 $176,534 $0 $0 6/30/1998 Fee Simple Single Family 7668 Beverly Drive Appraised Value All No Bond 3 Home I I at Purchase Unknown Covenants 2/1/2012 $169.165 $0 $0 711/1999 Fee Simple Single Family 1209 Burton Avenue Appraised Value All No Bond 4 Home at Purchase Unknown Covenants j 1 2/1/2012 $366.679 $0 $0 10/2912003 Fee Simple Single Family 7783 Burton Avenue Appraised Value All No Bond 5 Home at Purchase Unknown Covenants 2/1/2012 $353.256 $o $0 4111/2003 Fee Simple Former City Hall 6750 Commerce Appraised Value 7,460 sq ft. All Yes Bond Building Boulevard at Purchase gross and Covenants rentable 6 r building 1 2/1/2012 $0 $1.137.170 $0 6130/2008 Fee Simple Former Office 100 Avram Avenue Appraised Value 11,256 sq. All Yes Bond Building at Purchase ft gross Covenants building area, 10,451 7 rentable 211 /2012 $0 $1,434,802 $0 1/22/2008 Fee Simple Former-Office 120 Avram Avenue Appraised Value sq. All Yes Bond Building at Purchase ft gross Covenants building area, 11,940 9 rentable 2/1/2012 $0 $1- 776026 $0 1/2212008 Fee Simple Former Southwest Southwest Appraised Value ,Z30 sq it All Yes Bond Fire Station 1435 Boulevard at Purchase gross Covenants 9 1 building_ J 1 2/1/2012 1 $0 $989.526 $0 6/3012011 Fee Simple Avram Housing Appraised Value Bond 10 Improvements Projects at Purchase N/A All Yes Covenants 2/1 /2012 $0 $14,217 $0 6130/2011 Fee Simple 11 12 13 14 15 16 17 18 19 20 a/ Asset types may include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space b/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements: Exhibit B - Personal Property City of Rohnert Park Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) a/ Asset types any personal property provided in residences, including furniture and appliances, all housing - related files and loan documents, office supplies, software licenses, and mapping programs, that were acquired for low and moderate income housing purposes, either by purchase or through a loan, in whole or in part, with any source of funds. Successor 0 m m a/ Asset types any personal property provided in residences, including furniture and appliances, all housing - related files and loan documents, office supplies, software licenses, and mapping programs, that were acquired for low and moderate income housing purposes, either by purchase or through a loan, in whole or in part, with any source of funds. Exhibit C - Low -Mod Encumbrances City of Rohnert Park Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) a/ May include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space. b/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements. agog Cs!}ia" Construe ac uisfUnn cast o oomos a CVits?i4ion } bout .:Tutiif;at. C.iJrleptE��� ro e . !►�red'tiyi. Tuoded- Viii CAT i cqut�l�pA' [Sate at Fyye.of Writg . 01fa.centimator ohou 04- . 1 � :. or acquired with• � �gtiCnmhla owod Fortde: �A:lativ rltnd'. SpgtCe:nf 1nw Current t aw•Mad aas�ulslft - nd ddostnictfoo of enfprceAly obligated �Ohllgi Wag Gontrub"101 Er11drd"jr(J oNhoualba, ttrl hous]Ag'. vwnarof Housing Fund: Fprrd�d:wiE1 . o : ' kb aequtsTtEon of item iurids of axecuind. eWilnfBip -dy abl ivr cav+ilteittd coy-66ant hl the ProNerty monlea 3tile7RE1i4;funtls: � n. .. ttia prO�t3 lyf onoma Sonoma County County Community Community City of Single Family Dwelling Development Development Rohnert 1 (746 Brett Avenue) 12/1/1997 Commission 120,000 Yes Commission Park $180,312 $0 $0 6/3011998 Sonoma Sonoma County County Community Community City of Single Family Dwelling Development Development Rohnert 2 (7982 Santa Barbara Dr.) 12/1/1997 Commission 120,000 Yes Commission Park $176,534 $0 $0 6/30/1998 Former City Hall City of (6750 Commerce Bond Rohnert 3 Boulevard) 4/1/20071 Bondholders 0 Yes Covenants Park $1,137,170 $0 6/30/2008 City of Former Office Building Bond Rohnert 4 (100 Avram Avenue) 4/1/2007 Bondholders 0 Yes Covenants Park $1.434.802 $0 1/22/2008 City of Former Office Building Bond Rohnert 5 (120 Avram Avenue) 4/1/2007 Bondholders 0 Yes Covenants Park $1,776,026 $0 1/22/2008 Former Southwest Fire City of Station (435 Southwest Bond Rohnert 6 Boulevard) 4/1/2007 Bondholders 0 Yes Covenants Park $989,526 $0 6/30/2011 7 8 9 10 11 12 13 14 15 16 17 18 19 20 a/ May include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space. b/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements. Exhibit D - Loans /Grants Receivables City of Rohnert Park Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) _ .:.... ........ . ..... . . re,: :tra-n.'tia wl ibements. =@ YI1as;tlia:[corr -Mail � �� gig * %O* rP.: °e4ar . PUS - .0 a e: lfjiing the m — ��� Hdtil[S' ':FiTil: eisori or entity #o uvhi}i't#�e. film' pUtios?`fat ►A�liY ;FtepaYFe #.data; it Current' amoynt;i8stiiad�Tgf':a Artq.urtaf. the loan: [3ate the loan c ►cm the loan or grant w.era.lvaned of <ttis funif`s118y tlieun[Ia.are:for.a in#ensE rate outstanding Item: #.. loan. or agran? nr grant. grant was'issued �� was issued gran#ed ulsed2�• #CIaF1; a..f loan !oars halana FTHB principal + % Downpayment 10 -yr forgivable on appreciation 1 Loan (LMIHF) $ 20,000.00 4/21/2004 Abelin, Donna Assistance Yes 4/22/2014 @ default /sale $ 20,000 -00 Rehabilitation 20 -yr deferred 2 Loan (LMIHF) $ 23,108.22 5/20/2008 Berentz, William Loan Yes 5/20/2028 3% $ 23,108.22 FTHB principal + % Downpayment 10 -yr forgivable on appreciation 3 Loan (LMIHF) $ 20,000.00 7/21/2004 Bolmeier, Connie Assistance Yes 7/22/2014 @ default /sale $ 20,000.00 Brooks, Raymond & Rehabilitation 20 -yr deferred 4 Loan (LMIHF) $ 27,148.13 11/30/1993 Elizabeth Loan Yes 11/30/2013 3% $ 27,148.13 FTHB principal + % Downpayment 10 -yr forgivable on appreciation 5 Loan (LMIHF) $ 15,000.00 8/30/2002 Cabral, Paul Assistance Yes 8/31/12 @ default /sale $ 15,000 -00 Rehabilitation 20 -yr deferred 6 Loan (LMIHF) $ 23,197.25 1 7/21/2006 Case, Gail Loan Yes 7/21/2026 3% $ 23,197 -25 10 -yr Rehabilitation deferred /forgivable 7 Loan (LMIHF) $ 18,000.00 10/22/2003 C Valerie Ann Loan Yes 10/22/2013 5% $ 18,000.00 15 -yr Rehabilitation deferred /forgivable 8 Loan (LMIHF ) $ 35,000 -00 12/24/2001 Davis, Kathleen Loan Yes 12/24/2016 5% $ 35,000.00 Davis, Mary & Davis- Rehabilitation 20 -yr deferred 9 Loan (LMIHF) $ 20,438.25 2/21/2007 James, Renee Loan Yes 2/21/2027 3% $ 20,438.25 10 -yr Rehabilitation deferred /forgivable 10 Loan (LMIHF) $ 21,130.10 10/31/2003 jDrady, Michael Loan Yes 10/31/2013 5% $ 21,130.10 Rehabilitation 14 -yr deferred 11 Loan (LMIHF) $ 46,814 -25 12/18/2008 Fa an, James Loan Yes 12/18/2022 3% $ 46,814 25 10 -yr Rehabilitation deferred /forgivable 12 Loan (LMIHF) $ 17,635.05 12/10/2002 Ernestine Fielder Loan Yes 12/10/2012 5% $ 17,635 -05 10 -yr Rehabilitation deferred /forgivable 13 Loan (LMIHF) $ 13,117 -00 7/18/2005 Richard Gravelle Loan Yes 7/18/2015 3% $ 13.117 -00 Rehabilitation 20 -yr deferred 14 Loan (LMIHF) $ 16,285.00 17/17/2006 Virginia Harris Loan Yes 7/17/2026 3% $ 16,285 -00 15 -yr Rehabilitation deferred /forgivable 15 Loan (LMIHF) $ 19.980.00 10/8/2002 Heller, William Loan Yes 10/8/2017 5% $ 19,980.00 10 -yr Rehabilitation deferred /forgivable 16 Loan (LMIHF) $ 16,990.05 4/19/2004 Henry, Susan Loan Yes 4/19/2014 5% $ 16,990.05 Rehabilitation 20 -yr deferred 17 Loan (LMIHF) $ 12,500.00 8/13/2009 Herrick, Allen Loan Yes 8/13/2029 3% $ 12,500.00 Rehabilitation 20 -yr deferred 18 Loan (LMIHF) $ 10,073.61 9/30/2009 Herrick, Allen Loan Yes 9/30/2029 3% $ 10,073.61 Johnson, Phyllis & Rehabilitation 20 -yr deferred 19 Loan (LMIHF) $ 21,135.61 11/21/2008 Taylor, Melanie Loan Yes 11/21/2028 3% $ 21,135.61 10 -yr Kehoe, Edward & Rehabilitation deferred /forgivable 20 Loan (LMIHF) $ 15,506.10 2/20/2004 Higgins, Joyce Loan Yes 2/20/2014 5% $ 15,506.10 10 -yr Rehabilitation deferred /forgivable 21 Loan (LMIHF) $ 24,990.25 8/18/2004 Klingel, Geoffrey & Rita Loan Yes 8/18/2014 5% $ 24,990.25 FTHB principal +% Downpayment 10 -yr forgivable appreciation 22 Loan (LMIHF) $ 20,000.00 12/5/2003 Kremen, Joyce Assistance Yes 12/6/2013 @ default /sale $ 20,000.00 FTHB principal +% Larson, Charles & Downpayment 10 -yr forgivable appreciation 23 Loan (LMIHF) $ 15,000.00 3/16/2005 Jennifer Assistance Yes 3/17/2015 @ default /sale $ 15,000.00 Rehabilitation 20 -yr deferred 24 Loan (LMIHF) $ 23,157.25 1/10/2008 Lenci, Betty Loan Yes 1/10/2028 3% $ 23,157.25 Rehabilitation 20 -yr deferred 25 Loan (LMIHF) $ 23,810.45 7/24/2006 Lopes, Eugenia Loan Yes 7/24/2026 3% $ 23,810.45 Rehabilitation 20 -yr deferred 26 Loan (LMIHF) $ 22,362.25 5/21/2008 Marroquin, Laura Loan Yes 5/21/2028 3% $ 22,362.25 Rehabilitation 20 -yr deferred 27 Loan (LMIHF) $ 21,160.61 8/27/2008 Mayer, Barbara Loan Yes 8/27/2028 3% $ 21.160.61 Rehabilitation 20 -yr deferred 28 Loan (LMIHF) $ 24,000.00 7/15/2008 Mitchell, Jack & Dorothy Loan Yes 7/15/2028 3% $ 24,000.00 FTHB principal + % Downpayment 10 -yr forgivable appreciation 29 Loan (LMIHF) $ 20,000.00 10/20/2003 Oates, Juday Assistance Yes 10/21/2013 @ default /sale $ 20,000.00 FTHB principal +% Downpayment 10 -yr fogivable appreciation 30 Loan (LMIHF) $ 20.000.00 10/11/2002 Pham, Hien Assistance Yes 10 -12 -2012 @ default /sale $ 20,000.00 10 -yr Rehabilitation deferred /forgivable 31 Loan (LMIHF) $ 24,940.05 8/5/2002 Powers, Pamela Loan Yes 8/5/2012 5% $ 24,940.05 Rehabilitation 20 -yr deferred 32 Loan (LMIHF) $ 22,025.25 5/9/2007 Rademacher, Marjorie Loan Yes 5 -9 -2027 3% $ 22,025.25 15 -yr Rehabilitation deferred /forgivable 33 Loan (LMIHF) $ 12,086.00 10/11/2002 Rau, David Loan Yes 10/11/2017 5% $ 12,086.00 15 -yr Riesgo, James & Rehabilitation amortized /beg. 6 -1- 34 Loan (LMIHF) $ 45,626.00 5/1/2002 Carmelita Loan Yes 2002 5% $ 17,110.39 FTHB principal +% Downpayment 10 -yr forgivable appreciation 35 Loan (LMIHF) $ 20,000.00 2/27/2004 Rider, Phillip & Amy lAssistance Yes 2/28/2014 @ default /sale $ 20,000.00 10 -yr Rehabilitation deferred /forgivable 36 Loan (LMIHF) $ 12,735.00 12/8/2005 Rush, Helen Loan Yes 12/8/2015 3% $ 12,735.00 10 -yr Rehabilitation deferred /forgivable 37 Loan (LMIHF) $ 6,440.05 12/31/2003 Samuels, Vikki Loan Yes 12/31/2013 5% $ 6,440.05 FTHB principal + % Downpayment 10 -yr forgivable appreciation 38 Loan (LMIHF) $ 15,000.00 8/5/2002 Santiago, Tina Assistance Yes 8/16/2012 @ default /sale $ 15,000.00 Rehabilitation 20 -yr deferred 39 Loan (LMIHF ) $ 24,486.15 5/22/2009 Scott, Martha Loan Yes 5/22/2029 3% $ 24,486.15 FTHB principal +% Downpayment 10 -yr forgivable appreciation 40 Loan (LMIHF) $ 15,000.00 9/3/2002 Sharp, Brian & Jonna Assistance Yes 9/4/2012 @ default /sale $ 15.000.00 10 -yr Rehabilitation deferred /forgivable 41 Loan (LMIHF) $ 24,860.05 2/5/2004 Slade, Roberta Loan Yes 2/5/2014 5% $ 24,860.05 10 -yr Rehabilitation deferred /forgivable 42 Loan (LMIHF) $ 24,980.10 11/17/2003 Staggs, Dennis & Vicki Loan Yes 11/17/2013 5% $ 24,980.10 10 -yr Stimson, Wade & Rehabilitation deferred /forgivable 43 Loan (LMIHF) $ 11,720.00 12/8/2005 Patricia Loan Yes 12/812015 3% $ 11,720.00 Wallahan, Gary & Rehabilitation 20 -yr deferred 44 Loan (LMIHF) $ 23,988.17 4/30/2009 lJoanne Loan Yes 4/30/2029 3% $ 23,988.17 Commission Assistance for acquisition, pre - development and Vida Nueva Partners, development of 55 -yr deferred 45 Loan (LMIHF) $ 1,675,000.00 5/23/2006 L. P. property. Yes 11/30/60 1% Commission Assistance for pre - Burbank Housing development and Development development of 30 -yr deferred 46 Loan (LMIHF) $ 260,000.00 9/1/1993 Corporation property. Yes 9/1/2023 3% $ 406,900.00 Commission Assistance for substantial Rainbow - Copeland rehab /maintenanc 55 -yr deferred 47 Loan (LMIHF) $ 1,200,000.00 12/12/2007 Creek, LLC e of property Yes 6/30/2062 1% ########### Commission Assistance for pre - development and development of 40 -yr deferred 48 Loan LMIHF $ 611,000.00 12/24/1996 Murirfield Apartments property. Yes 4/1/2037 6% Commission Assistance for Burbank Housing purchase and Development development of 30 -yr deferred 49 Loan (LMIHF) $ 390.000.00 8/23/1991 Corporation 1property.. Yes 8/23/2021 8% Commission Assistance for purchase, pre - Burbank Housing development and Development development of 55 -yr deferred 50 Loan (LMIHF) $ 4,015,000.00 9/29/2005 Corporation property. Yes 1/18/2061 2% ########### Commission 31 -yr Assistance for deferred /amoritized 51 Loan (LMIHF) $ 265,000.00 4/1/2001 Millenium Housing purchase. Yes 4/15/2032 3% $ 340,000.00 Rehabilitation 30 -yr deferred 52 Loan (CalHome) $ 24,000.00 1/1/2010 Anderson, Rebecca Loan Yes 1/1/2040 3% $ 24,000.00 Rehabilitation 30 -yr deferred 53 Loan (CalHome) $ 23,562.15 2/1/2010 JAIlen. Marylou Loan Yes 2/1/2040 3% $ 23,562.15 Rehabilitation 30 -yr deferred 54 Loan (CalHome) $ 23,895.15 8/31/2009 Alley, Darryl Loan Yes 8/31/2039 3% $ 23,895.15 Rehabilitation 30 -yr deferred 55 Loan (CalHome) $ 8,099.15 4/21/2010 Baker, Kent Loan Yes 4/21/2040 3% $ 8,099.15 Rehabilitation 30 -yr deferred 56 Loan (CalHome) $ 23,582.15 2/1/2010 Barter. David Loan Yes 2/1/2040 3% $ 23,582.15 Rehabilitation 30 -yr Deferred 57 Loan (CalHome) $ 10,831.15 6/17/2010 1 Briand, Denise Loan Yes 6/17/2040 3% $ 10,831.15 Rehabilitation 30 -yr Deferred 58 Loan (CalHome) $ 20,412.45 1 12/14/2010 Hancock, Susan Loan Yes 12/14/2040 3% $ 20,412.45 Rehabilitation 30 -yr Deferred 59 Loan (CalHome) $ 23,647.25 1 3/1/2010 Henker, Janet Loan Yes 3/1/2040 3% $ 23,647.25 Rehabilitation 30 -yr Deferred 60 Loan (CalHome) $ 18,202.25 1 2/9/2009 Howard, James Loan Yes 2/9/2039 3% $ 18,202.25 Rehabilitation 30 -yr Deferred 61 Loan (CalHome) $ 20,499.61 5/12/2009 King, Mark Loan Yes 5/12/2039 3% $ 20,499.61 Rehabilitation 30 -yr Deferred 62 Loan (CalHome) $ 22,789.25 7/1/2010 Lemon, William Loan Yes 6/16/2040 3% $ 22,789.25 Rehabilitation 30 -yr Deferred 63 Loan (CalHome) $ 24,000.00 1/22/2010 Lichau, Susan Loan Yes 1/22/2040 3% $ 24,000.00 Rehabilitation 30 -yr Deferred 64 Loan (CalHome) $ 21,722.25 7/30/2010 Martinez, Albert I Loan Yes 7/30/2040 3% $ 21,722.25 65 Loan (CalHome) $ 23,295.61 5/27/2009 Mastropasqua, Frank Rehabilitation Loan Yes 30 -yr Deferred 5/27/2039 3% $ 23,295.61 66 Loan (CalHome) $ 23,791.45 7/9/2010 McLaughlin, Linda Rehabilitation Loan Yes 30 -yr Deferred 7/9/2040 3% $ 23,791.45 67 Loan (CalHome) $ 28,824.25 4/29/2010 Rau, David Rehabilitation Loan Yes 30 -yr Deferred 4/29/2040 3% $ 28,824.25 68 Loan (CalHome) $ 15,557.25 6/1/2011 Robinette, Bruce Rehabilitation Loan Yes 30 -yr Deferred 6/1/2041 3% $ 15,557.25 69 Loan (CalHome) $ 20,928.15 7/10/2009 Simpson, Darryl Rehabilitation Loan Yes 30 -yr Deferred 7/10/2039 3% $ 20,928.15 70 Loan (CalHome) $ 23,910.00 1/10/2010 Trent, Geneva Rehabilitation Loan Yes 30 -yr Deferred 1/1/2040 3% $ 23,910.00 71 Loan (CalHome) $ 16,486.45 9/1/2010 Troth, Luba Rehabilitation Loan Yes 30 -yr Deferred 9/1/2040 3% $ 16.486.45 72 Loan (CalHome) $ 24,003.90 4/1/2011 Valdes, Gonzalo & Carmen Rehabilitation Loan Yes 30 -yr Deferred 4/1/2041 3% $ 24,003.90 73 Loan (CalHome) $ 23,110.41 3/18/2009 Widdowson, Janet Rehabilitation Loan Yes 30 -yr Deferred 3/18/2039 3% $ 23,110.41 74 Loan (CalHome) $ 22,061.15 3/9/2010 Woodruff, Sandra Rehabilitation Loan Yes 30 -yr Deferred 3/9/2040 3% $ 22,061.15 75 Loan (CDBG) $ 23,605.00 2/2/2011 Wichert, Jeffrey Rehabilitation Loan Yes 30 -yr deferred 2/2/2041 3% $ 23,605.00 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 Exhibit E - Rents /Operations City of Rohnert Park Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) a/ May include revenues from rents, operation of properties, residual receipt payments from developers, conditional grant repayments, costs savings and proceeds from refinancing, and principal and interest payments from homebuyers subject to enforceable income limits. b/ May include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space. c/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements. Associated bl. n. W a/ May include revenues from rents, operation of properties, residual receipt payments from developers, conditional grant repayments, costs savings and proceeds from refinancing, and principal and interest payments from homebuyers subject to enforceable income limits. b/ May include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space. c/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements. Exhibit F - Rents City of Rohnert Park Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) a/ May include rents or home loan payments. b/ May include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space. c/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements. r : the cot looted.. Uttimat6ly M - a/ May include rents or home loan payments. b/ May include low -mod housing, mixed - income housing, low -mod housing with commercial space, mixed - income housing with commercial space. c/ May include California Redevelopment Law, tax credits, state bond indentures, and federal funds requirements. Exhibit G - Deferrals City of Rohnert Park Inventory of Assets Received Pursuant to Health and Safety Code section 34176 (a) (2) It�rr1 # o Poo Purposo' fnr;Wia[ctt funds ve�rd C1 tsirec , Fis'eal;year fri:: �u� cIv unds � deferred= Amount deferred Interest: rats at which funds were:: to be repaid C_.urrerit amount owed Date<.vpvn'iR+ili: iurtd9 WdrO ta;b0. repaid 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 ATTACHMENT 2 ,,,taT n� ,z �"�" i W 11id n �► >� DEPARTMENT OF EDMuND G. BROWN JR_ • GOVr=RNoR c9��FDR��P F I N AN C E 91 9 L STREET E SACRAMENTO CA 0 958 14-3706 ■ WWW.DOF.CA.GOV August 29, 2012 Ms. Linda Babonis, Economic Development Manager City of Rohnert Park 130 Avram Avenue Rohnert Park, CA 94928 Dear Ms.Babonis: Subject_ Housing Assets Transfer Form Pursuant to Health and Safety Code (HSC) section 34176 (a) (2), the City of Rohnert Park Housing Agency submitted a Housing Assets Transfer Form (Form) to the California Department of Finance (Finance) on July 30, 2012 for the period February 1, 2012 through July 30, 2012. HSC section 34176 (e) defines a housing asset. Assets transferred deemed not to be a housing asset shall be returned to the successor agency. Finance has completed its review of your Form, which included obtaining clarification for various items. Based on a sample of line items reviewed and the application of law, Finance is objecting to the following transfer of asset identified on your Form: • Exhibit D, Item No. 75: The Community Development Commission of the City of Rohnert Park is not a party to this loan, and is therefore not eligible for transfer to the Housing Agency. Except for the item disallowed as noted above, Finance is not objecting to the remaining items, if any, listed on your Form. If you disagree with our determination with respect to any items on the Form, you may request a Meet and Confer within five business days of receiving this letter. Please direct inquiries to Robert Scott, Supervisor or Derk Symons, Lead Analyst at (916) 445 -1546. Sincerely, STEVE SZALAY Local Government Consultant cc: Ms. Cathy Orme, Director of Finance, City of Rohnert Park Mr. Erick Roeser, Property Tax Manager, County of Sonoma California State Controller's Office ATTACHMENT 3 OVERSIGHT BOARD RESOLUTION NO. 2014 - 10 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROHNERT PARK AUTHORIZING AND DIRECTING THE TRANSFER OF ALL HOUSING ASSETS TO THE CITY OF ROHNERT PARK WHEREAS, the California state legislature enacted Assembly Bills x 26 and 1484 (together, the "Dissolution Act ") to dissolve and unwind the affairs of redevelopment agencies formed under the Community Redevelopment Law (Health and Safety Code Section 33000 et seq.); WHEREAS, the Dissolution Act provides that the city, county, or city and county that authorized the creation of the redevelopment agency shall be the "successor agency" to the dissolved redevelopment agency unless the city, county, or city and county elects not to serve as the successor agency under Health and Safety Code Section 34173(d)(1); WHEREAS, the Dissolution Act, at Health and Safety Code Section 34176, also provides that the city, county, or city and county that authorized the creation of the redevelopment agency may also elect to retain the housing assets and functions previously performed by the former redevelopment agency; WHEREAS, by adoption of Resolution No. 2012 -10 adopted on January 10, 2012, the City Council of the City of Rohnert Park (the "City Council ") declared that, effective February 1, 2012: (1) the City of Rohnert Park (the "City "), acting in a separate legal capacity and as a separate public entity pursuant to Health and Safety Code Section 34173(g), would act as successor agency (the "Successor Agency ") for the Community Development Commission of the City of Rohnert Park (the "CDC "); and (2) the City of Rohnert Park would retain the housing assets and responsibility for performing housing functions previously performed by the CDC; WHEREAS, pursuant to Health and Safety Code Section 34176(a), all rights, powers, duties, obligations, and housing assets (as defined in Section 34176(e)) have been or shall be transferred to the City; WHEREAS, the City prepared and submitted for review by the Department of Finance ( "DOF ") the Housing Asset List required under Health and Safety Code Section 34176(a)(2) ( "Housing Asset List ") attached to the staff report accompanying this Resolution (the "Staff Report "); WHEREAS, the Housing Asset List constitutes a list of all "housing assets" of the CDC, as defined in Health and Safety Code Section 34176(e), including: real and personal property interests acquired for low- and moderate - income housing purposes; encumbered funds; loan and grant receivables for assistance provided by the Low and Moderate Income Housing Fund ( "Housing Fund "); rents and payments from housing operations; and amounts owed to the Housing Fund as a result of previously deferred or borrowed Housing Fund deposits; WHEREAS, DOF approved the City's Housing Asset List by letter dated August 29, 2012 ( "DOF Letter "), which letter is attached to the Staff Report accompanying this Resolution; WHEREAS, the Housing Asset List, DOF Letter and Staff Report provide supporting information upon which the actions set forth in this Resolution are based; WHEREAS, upon dissolution on February 1, 2012, all housing assets as defined in Health and Safety Code Section 34176(e) transferred from the CDC to the City; and WHEREAS, to the extent any housing assets have not so transferred, in accordance with Health and Safety Code Section 34181(c), the Oversight Board may authorize and direct the transfer of the housing asset to the entity taking over the housing functions of the City. NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION OF THE CITY OF ROHNERT PARK DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Oversight Board hereby finds and determines that the foregoing recitals are true and correct, and together with the following documents and information form the basis for the approvals, authorizations, findings, and determinations set forth in this Resolution: (1) the Housing Asset List; (2) the DOF Letter; (3) the Staff Report; and (4) the information provided by the Successor Agency and City Staff and the public. Section 2. In accordance with Health and Safety Code Section 34181(c), the Oversight Board does hereby authorize and direct the transfer of the housing assets in the Housing Asset List to the City, acting as the housing successor to the CDC pursuant to Health and Safety Code Section 34176(a)(1), and authorizes the Successor Agency to do everything necessary and appropriate to effectuate said transfer. Section 3. The Successor Agency's Executive Director, or the Executive Director's designee, shall be authorized to take such additional actions, and to execute all documents necessary and appropriate (including the execution of any release, quitclaim deed or grant deed) to effectuate the transfer of the housing assets of the CDC to the City in satisfaction of Health and Safety Code Section 34176(a)(1). Section 4. The transfer of the housing assets to the City is exempt from the requirements of the California Environmental Quality Act pursuant to State CEQA Guidelines Section 15061(b)(3) (as an action which it can be seen with certainty will not have a significant effect on the environment). Section 5. This Resolution shall take effect at the time and in the manner prescribed in Health and Safety Code Section 34179(h). 2 PASSED AND ADOPTED at a duly noticed special meeting of the Oversight Board for the Successor Agency to the Community Development Commission of the City of Rohnert Park held on December 1, 2014, by the following vote of the members thereof: AYES: ( 4 ) Board Members: Cerreta, Jolley, Masterson, Ponton NOES: ( 0 ) Board Members: None ABSENT: ( 3 ) Board Members: Mackenzie, Thompson, Zane ABSTAIN: (0) Board Members: None OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK Marffvn P ATTEST: Eydie Tacata, Clerk of the Board