2017/01/10 City Council Resolution 2017-007RESOLUTION NO. 2017-007
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
ANNUAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
JULY 1, 2017 — JUNE 30, 2018 ("ROPS 17-18"), PURSUANT TO SECTION 34177 (o) 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"); and
WHEREAS, Section 34177 (o) 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") in the manner
provided by the Department of Finance; and
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; and
WHEREAS, pursuant to AB 1484, the ROPS for the period of July 1, 2017 to June 30, 2018
ROPS 17-18") shall be submitted to the Sonoma County Auditor -Controller -Treasurer -Tax -
Collector, the State Controller's Office, and Department of Finance no later than February 1,
2017 after approval by the Oversight Board; and
WHEREAS, successor agency staff have prepared the attached ROPS as required pursuant
to Health and Safety Code Section 34177 (o).
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 July 1, 2017 to June
30, 2018 ("ROPS 17-18") 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, correct clerical errors or omissions 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
10th day of January 2017.
DULY AND REGULARLY ADOPTED this 10th day of January, 2017.
ATTEST:
Caitlin Saldanha, Deputy City Cleric
Attachments: ROPS 17-18
CITY OF ROHNERT PARK
AHANOTU: BELFORTE: e CALLINAN: / STAFFORD: MACKENZIE:
AYES: ( ) NOES: ( 0 ) ABSENT: ( C_)) ABSTAIN: ( )
2
2017-007
Successor Agency:Rohnert Park
County:Sonoma
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)
17-18A Total
(July - December)
17-18B Total
(January - June) ROPS 17-18 Total
A -$ 500,000$ 500,000$
B - 500,000 500,000
C - - -
D - - -
E 2,441,911$ 3,537,884$ 5,979,795$
F 2,316,911 3,412,884 5,729,795
G 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E):2,441,911$ 4,037,884$ 6,479,795$
Name Title
/s/
Signature Date
Recognized Obligation Payment Schedule (ROPS 17-18) - Summary
Filed for the July 1, 2017 through June 30, 2018 Period
Enforceable Obligations Funded as Follows (B+C+D):
RPTTF
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Bond Proceeds
Reserve Balance
Other Funds
Administrative RPTTF
Certification of Oversight Board Chairman:
Pursuant to Section 34177 (o) 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 successor
agency.
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d
1
7
-
1
8
A
(
J
u
l
y
-
D
e
c
e
m
b
e
r
)
17-18B Total
Pr
o
j
e
c
t
N
a
m
e
/
D
e
b
t
O
b
l
i
g
a
t
i
o
n
O
b
l
i
g
a
t
i
o
n
T
y
p
e
Co
n
t
r
a
c
t
/
A
g
r
e
e
m
e
n
t
Ex
e
c
u
t
i
o
n
D
a
t
e
F
u
n
d
S
o
u
r
c
e
s
F
u
n
d
S
o
u
r
c
e
s
Co
n
t
r
a
c
t
/
A
g
r
e
e
m
e
n
t
Te
r
m
i
n
a
t
i
o
n
D
a
t
e
R
O
P
S
1
7
-
1
8
To
t
a
l
17-18B (January - June) 17-18A Total
A B C D E F G H I
Other RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
period balances
and DDR RPTTF
balances
retained
Prior ROPS
RPTTF
distributed as
reserve for
future period(s)
Rent,
grants,
interest, etc.
Non-Admin
and
Admin
ROPS 15-16B Actuals (01/01/16 - 06/30/16)
1 Beginning Available Cash Balance (Actual 01/01/16)
2,255,194 109,392 4,696 526,893 (114,077) 12-31-15 ending balances from 16-17 ROPS
2 Revenue/Income (Actual 06/30/16)
RPTTF amounts should tie to the ROPS 15-16B distribution from the
County Auditor-Controller during January 2016
1,345 10,009 3,247,233
3 Expenditures for ROPS 15-16B Enforceable Obligations (Actual
06/30/16)
500,000 1,982,108
Column H. Trustee errored and did not request
calendar year DS payment for the 1999 and
2001 bonds in January, 2016. Retained cash
was paid to trustee in July, 2016
4 Retention of Available Cash Balance (Actual 06/30/16)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)
1,756,444 509,753 1,265,526
Column C - Bond Reserves held by Trustee.
Column G- Revenue Sharing agreement paid out
in January, 2017. Column H - Trustee errored
and did not request calendar year DS payment
for the 1999 and 2001 bonds. Retained cash of
$1,265,526 was paid to trustee in July, 2016
5 ROPS 15-16B RPTTF Balances Remaining
No entry required
6 Ending Actual Available Cash Balance
C to G = (1 + 2 - 3 - 4), H = (1 + 2 - 3 - 4 - 5)
95$ -$ 109,392$ 4,696$ 27,149$ (114,478)$
Rohnert Park Recognized Obligation Payment Schedule (ROPS 17-18) - Report of Cash Balances
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), 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 Cash Balance Tips Sheet.
Fund Sources
Comments
Bond Proceeds Reserve Balance
Cash Balance Information by ROPS Period
Item #Notes/Comments
Rohnert Park Recognized Obligation Payment Schedule (ROPS 17-18) - Notes July 1, 2017 through June 30, 2018