2019/01/08 City Council Resolution 2019-006 RESOLUTION NO. 2019-006
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 1,2019—JUNE 30,2020 ("ROPS 19-20"),PURSUANT TO SECTION 34177 (o) OF
THE CALIFORNIA HEALTH AND SAFETY CODE
WHEREAS, in accordance with Section 34173 of the California Community Redevelopment
Law (Health& Safety Code § 33000 et seq.) ("CRL"), the City of Rohnert Park 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") and the
Sonoma County Auditor-Controller-Treasurer-Tax-Collector ("County Auditor") an Oversight
Board approved Recognized Obligation Payment Schedules ("ROPS"); and
WHEREAS, pursuant to Section 34177(o), the ROPS for the period of July 1, 2019 to June
30, 2020 ("ROPS 19-20") shall be submitted to the Sonoma County Auditor-Controller
Treasurer-Tax- Collector and Department of Finance no later than February 1, 2019 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, 2019 to June
30, 2020 ("ROPS 19-20") 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 the
Oversight Board for approval, and after the ROPS receives such approval, thereafter to the 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.
1
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
8th day of January 2019.
CITY OF ROHNERT PARK
Gina : i ayor
ATTEST:
.. Eugit
o,' ne M. Buergler, City Clerkd
Attachments: ROPS 19-20
.DAMS: JIPMACKENZIE: 4, STAFFORD: CALLINAN: C BELFORTE: �.
JJ AYES: ( 5 ) NOES: ( (p ) AB NT: ( 0 ) ABSTAI : ( ) 111
2019-006
Successor Agency:Rohnert Park
County:Sonoma
Current Period Requested Funding for Enforceable Obligations (ROPS Detail)
19-20A Total
(July - December)
19-20B Total
(January - June) ROPS 19-20 Total
A 6,000,000$ 2,055,725$ 8,055,725$
B 6,000,000 2,055,725 8,055,725
C - - -
D - - -
E 2,146,709$ 2,246,982$ 4,393,691$
F 2,021,709 2,121,982 4,143,691
G 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E):8,146,709$ 4,302,707$ 12,449,416$
Name Title
/s/
Signature Date
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.
Recognized Obligation Payment Schedule (ROPS 19-20) - Summary
Filed for the July 1, 2019 through June 30, 2020 Period
Enforceable Obligations Funded as Follows (B+C+D):
RPTTF
Redevelopment Property Tax Trust Fund (RPTTF) (F+G):
Bond Proceeds
Reserve Balance
Other Funds
Exhibit A
A B C D E F G H
Reserve Balance Other Funds RPTTF
Bonds issued on or
before 12/31/10
Bonds issued on or
after 01/01/11
Prior ROPS RPTTF
and Reserve
Balances retained
for future period(s)
Rent,
Grants,
Interest, etc.
Non-Admin
and
Admin
1 Beginning Available Cash Balance (Actual 07/01/16)
RPTTF amount should exclude "A" period distribution amount 1,756,513 26,760
Ending balance from prior ROPS Col E combine
per DOF
2 Revenue/Income (Actual 06/30/17)
RPTTF amount should tie to the ROPS 16-17 total distribution from the
County Auditor-Controller
6,153 517,508 6,172,116
Col C interest earnings DS Reserve; Col F
interest earnings $7,755 & Revenue Sharing
agreement paid out in January, 2017 $509,753.
see Prior Year ROPS. Col G RPTTF Revenue
FY16-17A & B $4,906,590. & 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 see
Prior Year ROPS
3 Expenditures for ROPS 16-17 Enforceable Obligations
(Actual 06/30/17)
1,513 509,753 6,120,332
Col C trustee moved funds from reserve to debt
service fund to make debt payment; Col F
Revenue Sharing agreement paid out in January,
2017 $509,753. see Prior Year ROPS. Col G
Trustee errored and did not request calendar
year DS payment for the 1999 and 2001 bonds.
Retained cash of $1,265,526 was paid to trustee
in July, 2016 see Prior Year ROPS
4 Retention of Available Cash Balance (Actual 06/30/17)
RPTTF amount retained should only include the amounts distributed as
reserve for future period(s)1,761,153 Column C - Bond Reserves held by Trustee.
5 ROPS 16-17 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 16-17 PPA form
submitted to the CAC
6 Ending Actual Available Cash Balance (06/30/17)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
0$ 0$ 26,760$ 7,755$ 51,784$
No entry required
Rohnert Park Recognized Obligation Payment Schedule (ROPS 19-20) - Report of Cash Balances
July 1, 2016 through June 30, 2017
(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
ROPS 16-17 Cash Balances
(07/01/16 - 06/30/17)