2022/01/11 City Council Resolution 2022-001 RESOLUTION NO. 2022-001
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, 2022 —JUNE 30,2023 ("ROPS 22-
23"), 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, 2022 to June
30, 2023 ("ROPS 22-23") shall be submitted to the Sonoma County Auditor-Controller
Treasurer-Tax- Collector and Department of Finance no later than February 1, 2022 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, THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AS SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROHNERT PARK DOES RESOLVE AS FOLLOWS:
Section 1. The Recognized Obligation Payment Schedule for the period July 1, 2022 to June
30, 2023 ("ROPS 22-23") 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
Countywide Oversight Board for approval, and after the ROPS receives such approval, thereafter
to the DOF, the State Controller, and the County Auditor and post the ROPS on the Successor
Agency's website in accordance with Health and Safety Code Section 34177(l)(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 DOF or 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
11 th day of January 2022.
CITY OF ROHNERT PARK
J ie Elw
ATTEST:
Sylvia Lopez Cu vas, City Clerk
Attachments: Exhibit A
GIL DICE: Aki6 HOLLINGSWORTH-ADAMS: pole_ STAFFORD: A9G LINARES: A e. ELWARD: A'l.tC
AYES: (5 ) NOES: ( al ) ABSENT: ( ) ABSTAIN: ( f7( )
Resolution 2022-001
2
Recognized Obligation Payment Schedule (ROPS 22-23) - Summary
Filed for the July 1, 2022 through June 30, 2023 Period
Successor Agency: Rohnert Park
County: Sonoma
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
22-23A Total
(July -
December)
22-23B Total
(January -
June)
ROPS 22-23
Total
A Enforceable Obligations Funded as Follows (B+C+D) $ - $ - $ -
B Bond Proceeds - - -
C Reserve Balance - - -
D Other Funds - - -
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) $ 3,104,709 $ 527,740 $ 3,632,449
F RPTTF 2,979,709 402,740 3,382,449
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 3,104,709 $ 527,740 $ 3,632,449
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 22-23) - ROPS Detail
July 1, 2022 through June 30, 2023
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project Area
Total
Outstanding
Obligation
Retired
ROPS
22-23
Total
ROPS 22-23A (Jul - Dec)
22-23A
Total
ROPS 22-23B (Jan - Jun)
22-23B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$43,586,940 $3,632,449 $- $- $- $2,979,709 $125,000 $3,104,709 $- $- $- $402,740 $125,000 $527,740
1 1999 Tax
Allocation
Bonds
Bonds
Issued
On or
Before
12/31/10
01/27/
1999
08/01/2035 US
Bank
Bonds issue
to fund non-
housing
projects
Rohnert Park
Redevelopment
Project Area
22,815,000 N $1,755,000 - - - 1,755,000 - $1,755,000 - - - - - $-
6 Administrative
Allowance
Admin
Costs
01/01/
2014
06/30/2037 City of
Rohnert
Park
Administrative
support costs
Rohnert Park
Redevelopment
Project Area
250,000 N $250,000 - - - - 125,000 $125,000 - - - - 125,000 $125,000
32 City General
Fund Loan
City/
County
Loan
(Prior 06/
28/11),
Cash
exchange
06/15/
2000
01/02/2036 City of
Rohnert
Park
Loan made
by City of
Rohnert Park
General Fund
Rohnert Park
Redevelopment
Project Area
85,156 N $85,156 - - - - - $- - - - 85,156 - $85,156
38 2018 CDC
Tax Allocation
Refunding
Bonds
Bonds
Issued
After 12/
31/10
05/01/
2018
08/01/2037 US
BanK
Bonds
refunding
issue
20,436,784 N $1,542,293 - - - 1,224,709 - $1,224,709 - - - 317,584 - $317,584
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 22-23) - Report of Cash Balances
July 1, 2019 through June 30, 2020
(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.
A B C D E F G H
ROPS 19-20 Cash Balances
(07/01/19 - 06/30/20)
Fund Sources
Comments
Bond Proceeds 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 07/01/19)
RPTTF amount should exclude "A" period distribution
amount.
- 54,624 2,755,320
2 Revenue/Income (Actual 06/30/20)
RPTTF amount should tie to the ROPS 19-20 total
distribution from the County Auditor-Controller
- 58,567 4,396,334
3 Expenditures for ROPS 19-20 Enforceable Obligations
(Actual 06/30/20)
- 54,624 3,541,043
4 Retention of Available Cash Balance (Actual 06/30/20)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
-
5 ROPS 19-20 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 19-20 PPA
form submitted to the CAC
No entry required
6 Ending Actual Available Cash Balance (06/30/20)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $58,567 $3,610,611
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 22-23) - Notes
July 1, 2022 through June 30, 2023
Item # Notes/Comments
1
6
32
38