2020/01/14 City Council Resolution 2020-009 RESOLUTION NO. 2020-009
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 1,2020—JUNE 30,2021 ("ROPS 20-21"),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, 2020 to
June 30, 2021 ("ROPS 20-21") shall be submitted to the Sonoma County Auditor-Controller
Treasurer-Tax- Collector and Department of Finance no later than February 1, 2020 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, 2020 to
June 30, 2021 ("ROPS 20-21") attached hereto as Exhibit A 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 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 14th clay of January 2020.
CITY OF ROHNERT PARK
v
Joseph Callinan, Mayor
ATTEST:
Sylvia z Cuevas,Assistant City Clerk
Attachments: Exhibit A
ADAMS: BELFORT: STAFFORD: MACKENZIE: CALLINAN:�
AYES: ( ) NOES: ( � ) A SENT: ( ) ABST N: (< )
Resolution 2020-009
2
Recognized Obligation Payment Schedule (ROPS 20-21) - Summary
Filed for the July 1, 2020 through June 30, 2021 Period
Successor Agency: Rohnert Park
County: Sonoma
Current Period Requested Funding for Enforceable 20-21A Total 20-21B Total ROPS 20-21
Obligations (ROPS Detail) December} (January J ee - otal
A Enforceable Obligations Funded as Follows (B+C+D) $ 2,057,209 $ 2,890,752 $ 4,947,971
B Bond Proceeds 2,057,209 2,890,762 4,947,971
C Reserve Balance - - -
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 125,000 $ 125,000 $ 250,000
F RPTTF - - -
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations(A+E) $ 2,182,209 $ 3,015,752 $ 5,197,971
Certification of Oversight Board Chairman:
Name Title
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. /s/
Signature Date
Rohnert Park
Recognized Obligation Payment Schedule(ROPS 20-21)-ROPS Detail
July 1,2020 through June 30,2021
A B C D E F G H 1 J K L I M N O P Q R S I T I U I V W
ROPS 20-21A(Jul-Dec) ROPS 20.218(Jan•Jun)
Agreement Agreement Total ROPS
Item Obligation Fund Sources 20.21A Fund Sources 20-218
# Project Name Type Execution Termination Payee Description Project Area Outstanding Retired 20-21
Date Date Obligation Total Bond Reserve Other RPTTF Admin Total Bond Reserve Other RPTTF Admin Total
Proceeds Balance Funds RPTTF Proceeds Balance Funds RPTTF
$49,205,306 $5,197,971 $2,057,209 $ $- $-$125,000,$2,182,209$2,690,762' $ '` `$ ` $-$125,000$3015,762'
1 1999 Tax Bonds 01/271 08/01/2035 Union Bonds Rohnert Park 24,570,000 N $1,755,000 $ 1,755,000 $1,755,000
Allocation Issued 1999 Bank issue to Redevelopment
Bonds On or fund non- Project Area
Before housing
12/31/10 1 projects
6 Administrative Admin 01/01/ 06/30/2014 City of Support Rohnert Park 250,000 N $250,000 125,000 $125,000 125,000 $125,000
Allowance Costs 2014 Rohnert costs(e.g., Redevelopment
Park ExecutiveProject Area
Director;
CFO,
Legal,etc.)
2011-02)
32 City General City/ 06/15/ 01/02/2036 City of Loan' Rohnert Park 860,684 N $774,928 $ 774,928 $774,928
Fund Loan County 2000 Rohnert made by Redevelopment
Loan Park City of Project Area
(Prior 06/ Rohnert
28/11), Park'
Cash General
exchange Fund
35 Agreement Bond 09124/ 06/30/2016 City of Transfer of Y
with the City Funded 2015 Rohnert bond
of Rohnert Project- Park proceeds
Park Pre-2011 that will be
regarding spent in a
expenditure future
of excess ROPS
bond period
proceeds
38 2018 CDC Bonds 65/01/ 08/01/2037 MUFG Bonds 23,524,622 N $2,418,043 2,057,209 $2,057,209 360,834 $360,834
Tax Allocation Issued 2018 Union refunding
Refunding After 12/ Bank issue
Bonds 31/10
Rohnert Park
Recognized Obligation Payment Schedule(ROPS 20-21) -Report of Cash Balances
July 1,2017 through June 30, 2018
(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.
A B C D E F G H
ROPS 17-18 Cash Balances Fund Sources Comments
(07/01/17-06/30/18) Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued Bonds issued Prior ROPS Rent,grants, Non-Admin
on or before on or after RPTTF and interest,etc. and Admin
12/31/10 01/01/11 Reserve
Balances retained
for future
period(s)
1 Beginning Available Cash Balance(Actual 07/01/17) 1,761,153 26,760 7,755 51,784
RPTTF amount should exclude"A"period distribution
amount.
2 Revenue/Income(Actual 06/30/18) 519,671 - 297,765 5,969,786 Col C interest earnings DS Reserve$19,671
RPTTF amount should tie to the ROPS 17-18 total &Bond Proceeds$500,000; Col F interest
distribution from the County Auditor-Controller earnings$9,265;Repayment Hazel WetLands
repayment$288,500 from GL advance;Col G
RPTTF Revenue FYI 7-18A&B$5,969,786
3 Expenditures for ROPS 17-18 Enforceable Obligations 506,153 26,760 7,755 5,908,889 Col C trustee moved$6,153 funds from
(Actual 06/30/18) reserve to debt service fund to make debt
payment and use of$500,000 Bond proceed
for CIP projects;Col E Use PY net carryover
balance$26,760 12/4/18 per Manny Orozco's
call to DOF FBO Mike Brown Col F Use
$7,755 per ROPS19-20 Determination letter;
Col G RPTTF Debt Srvc$5,693,404 plus
Admin Cost Allowance(ACA)$215,485
($250,000-$26,760-7,755)or ACA less PY
use of cash.
4 Retention of Available Cash Balance(Actual 06/30/18) 1,774,671 Col C-Bond Reserves held by Trustee
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
5 ROPS 17-18 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 17-18 PPA No entry required
form submitted to the CAC
6Ending Actual Available Cash Balance(06/30/18) $297,765 $112,681
CtoF=(1 +2-3-4),G=(1 +2-3-4-5)