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2015/09/24 Successor Agency Oversight Board Agenda Packet Distribution(Wm):v.u,,%1 C M R T PA R Board Members(7); City Manager; City Attorney;Bod Attorney; - . M� nance; Board Clerk;ar Public Binder; Fi City Website: OB/SA File C.tt Ui"f1` City of Rohnert Park • 130 Avram Avenue • Rohnert Park, California 94928 PHONE: (707) 588-2227 • FAX: (707) 794-9248 ♦ WEB: www.rpcity.org OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK (Successor Agency of the Former Community Development Commission of the City of Rohnert Park) SPECIAL MEETING AGENDA Thursday, September 24, 2015, 1:00 p.m. MEETING LOCATION: CITY HALL - COUNCIL CHAMBER 130 Avram Avenue, Rohnert Park, California The Oversight Board welcomes your attendance, interest and participation at its public meetings. Oversight Board agendas and minutes may be viewed at the City of Rohnert Park website at: www.rpcity.org_ PUBLIC HEARINGS The Oversight Board may discuss and/or take action on any or all of the items listed on this agenda. If you challenge decisions of the Oversight Board or the Successor Agency City of Rohnert Park in court, you may be limited to raising only those issues you or someone else raised at public hearing(s) described in this agenda, or in written correspondence delivered to the Successor Agency City of Rohnert Park, at, or prior to the public hearing(s). PUBLIC COMMENTS For public comment on items listed or not listed on the agenda, or on agenda items if unable to speak at the scheduled time(limited to three minutes per appearance and a 30 minute total time limit,or allocation of time based on number of speaker cards submitted) PLEASE FILL OUT A SPEAKER CARD PRIOR TO SPEAKING *SEE NOTE AT THE END OF TI IIS AGENDA Copies of all staff reports and documents subject to disclosure that relate to each item of business referred to on the agenda are available for public inspection before each regularly scheduled Board meeting at City I fall, located at 130 Avram Avenue. Any writings or documents subject to disclosure that are provided to all, or a majority of all, of the members of the Board regarding any item on this agenda after the agenda has been distributed will also be made available for inspection at City Hall during regular business hours. ANNOUNCEMENT: Please turn off all pagers, cellular telephones and all other communication devices upon entering the Rohnert Park Council Chamber. Use of these devices causes electrical interference with the sound recording and TV broadcast systems. OAK#4S28-9933-4938 v2 Special Meeting Agenda September 24, 2015 Oversight Board for the Successor Agency City of Rohnert Park Page 2 of 3 1:00 PM 1. CALL TO ORDER/ROLL CALL(Cerreta_Jolley Mackenzie__Masterson_ Pawson Zane_Thompson _) 2. PLEDGE OF ALLEGIANCE 3. PUBLIC COMMENTS Persons wishing to address the Board on any Consent Calendar item or on Successor Agency City of Rohnert Park business not listed on the Agenda may do so at this time. Each speaker will be allotted 3 minutes. Those wishing to address the Oversight Board on any report item listed on the Agenda should submit a "Speaker Card" to the Clerk before announcement of agenda item. 4. APPROVAL OF MINUTES A. Regular meeting of Oversight Board for Successor Agency City of Rohnert Park held on April 8, 2015, at 2:00 PM I. Board Motion/Discussion/Vote(Cerreta Jolley_Mackenzie Masterson Pawson Zane Thompson ) 5. MEETING ITEMS A. Receive Resignation from Marilyn Ponton and Acknowledge Mayor's Appointment of Mary Grace Pawson to Oversight Board I. Staff Report B. Election of Board Chair 1. Staff Report 2. Nomination and Election of Chair 3. Resolution for adoption: Resolution No. OSB 2015-04 A Resolution of the Oversight Board to the Successor Agency City of Rohnert Park Affirming Selection of Board Chair a. Board Motion/Discussion/Roll Call Vote(Cerreta_Jolley Mackenzie Masterson_Pawson Zane Thompson_) C. Receive Series 2007R Excess Bond Proceeds Expenditure Statement . Staff Report D. Approving an Agreement Regarding Expenditure of Excess Bond Proceeds between the City of Rohnert Park and the Successor Agency 1. Staff Report 2. Resolution for adoption: Resolution No. OSB 2015-05 A Resolution of the Oversight Board for the Successor Agency City of Rohnert Park Approving An Agreement Regarding Expenditure of Excess Bond Proceeds a. Board Motion / Discussion /Roll Call Vote(Cerreta Jolley Mackenzie Masterson Pawson Zane Thompson ) OAK tt4828-9933-4938 v2 Special Meeting Agenda September 24, 2015 Oversight Board for the Successor Agency City of Rohnert Park Page 3 of 3 E. Consider Approving the Recognized Obligation Payment Schedule ("ROPS") 15-16B of the Successor Agency City of Rohnert Park for the Period January 1, 2016—June 30, 2016 1. Staff Report 2. Consideration of Resolutions: a. Resolution for adoption: Resolution No. OSB 2015-06 A Resolution of the Oversight Board for the Successor Agency City of Rohnert Park Approving the Recognized Obligation Payment Schedule For January 1, 2016—June 30, 2016, ("ROPS 15- 6B"), Pursuant To Section 34177 of the California Health And Safety Code (1) Board Motion /Discussion/Roll Call Vote(Cerreta Jolley Mackenzie Masterson Pawson Zane_Thompson ) 6. NEW MATTERS FOR FUTURE CONSIDERATION A. Reminder of upcoming Regular Oversight Board meeting on October 14, 2015 at 2:00 PM. 7. PUBLIC COMMENT ON NON-AGENDA ITEMS Members of the public may address the Oversight Board on matters that are within the Oversight Board's jurisdiction and not on today's calendar. Each speaker shall have up to three minutes to make pertinent public comments unless the Oversight Board adopts a shorter period. It is strongly recommended that members of the public who wish to address the Oversight Board should fill out a "Speaker Card" provided by the Clerk, and submit the completed card to the Clerk. 8. ADJOURNMENT DISABLED ACCOMMODATION If you have a disability which requires an interpreter or other person to assist you while attending this Board meeting,please contact the Clerk of the Board at(707)588-2205 at least 72 hours prior to the meeting to ensure arrangements for accommodation by the City. Please notify the Clerk's Office as soon as possible if you have a visual impairment requiring meeting materials to be produced in another format(Braille,audio-tape,etc.) OAK N4828-9933 4938 v2 This page left intentionally blank. ITEM 4A R0 t1 FRTf I',,Rk 19 C4111.0104°' MINUTES OF THE SPECIAL MEETING OVERSIGHT BOARD TO THE SUCCESSOR AGENCY CITY OF ROHNERT PARK Wednesday, April 8,2015 Rohnert Park City Hall,Council Chambers 130 Avram Avenue, Rohnert Park, California 1. CALL TO ORDER The regular meeting of the Oversight Board to the Successor Agency City of Rohnert Park was called to order by Vice Chair Michael Thompson at 2:05 PM on April 8, 2015, in the Council Chambers, Rohnert Park City Hall, 130 Avram Avenue, Rohnert Park, California. Present: Kate Jolley, Board Member Absent: James Cerreta, Board Member Brian Masterson, Board Member Jake Mackenzie, Board Member Mike Thompson, Vice Chair Marilyn Ponton, Chair Shirlee Zane, Board Member Staff present: City Manager Jenkins, Clerk of the Board Tacata. Public representatives present: None. 2. PLEDGE OF ALLEGIANCE Led by Clerk of the Board Tacata. 3. PUBLIC COMMENTS There were no comments from the public. 4. APPROVAL OF MINUTES A. Special meeting of Oversight Board for Successor Agency City of Rohnert Park held on Wednesday, February 11, 2015, at 1:30 p.m. ACTION: Moved/seconded(Jolley / Masterson) to approve minutes of the meeting of February 11, 2015. Motion carried by the following 3-0-3-1 vote: AYES: Jolley, Masterson, and Thompson; NOES: None; ABSENT: Cerreta, Mackenzie, and Ponton; ABSTAINS: Zane. 5. MEETING ITEMS A. Election of Officers Vice Chair Thompson announced the item. City Manager Jenkins gave the staff report. ACTION: Vice Chair Thompson called for nominations. Motion by Board Member Zane to nominate Marilyn Ponton to Chair of the Oversight Board. Board Member Jolley seconded. Motion carried by the following 4-0-0-3 vote: AYES: Jolley, Masterson. Zane. and Thompson; NOES: None; ABSTAINS: None; ABSENT: Cerreta, Mackenzie, and Ponton_ Oversight Board— Minutes of Regular Meeting(Page 2 of 2) April 8,2015 Successor Agency City of Rohnert Park Motion by Board Member Zane to nominate Michael Thompson to Vice Chair of the Oversight Board. Board Member Jolley seconded. Motion carried by the following 4-0-0-3 vote: AYES: Jolley, Masterson, Zane, and Thompson; NOES: None; ABSTAINS: None; ABSENT: Cerreta, Mackenzie, and Ponton. ACTION: Moved/seconded (Jolley/Masterson) to adopt Resolution No. OSB 2015-03 A Resolution of the Oversight Board for the Successor Agency City of Rohnert Park Affirming Selection of Officers. Motion carried by the following 4-0-0-3 vote: AYES: Jolley, Masterson, Zane, and Thompson; NOES: None; ABSTAINS: None; ABSENT: Cerreta, Mackenzie, and Ponton. 6. NEW MATTERS FOR FUTURE CONSIDERATION A. City Manager Jenkins announced the need to have the Board meet in September to review/approve the "ROPS 15-16B." Board tentatively set the next Board meeting for Thursday, September 24, 2015, at 1 PM. 7. PUBLIC COMMENT ON NON-AGENDA ITEMS There were no comments from the public. 8. ADJOURNMENT ACTION: Vice Chair Thompson adjourned the meeting at 2:13 PM. Eydie Tacata, Clerk of the Board , Chair Successor Agency City of Rohnert Park Oversight Board for the Successor Agency of Rohnert Park �p11�[RI v4„„ ITEM NO. 5A Mission Statement s: "We Care for Our Residents by Working Together to Build a Better Community'for Today and Tomorrow." cit IFURw• CITY OF ROHNERT PARK OVERSIGHT BOARD AGENDA REPORT Meeting Date: September 24, 2015 Submitted By: Darrin Jenkins, City Manager Prepared By: Ellen Beardsley, Administrative Assistant Agenda Title: Receive Resignation from Marilyn Ponton and Acknowledgement of Mayor's Appointment to Oversight Board RECOMMENDED ACTION: Receive resignation of Marilyn Ponton from the Oversight Board ("OSB") and acknowledge Mayor Ahanotu's appointment of Mary Grace Pawson. BACKGROUND: Health& Safety Code Section 34179(a)(2) states that one member of the OSB is to be "appointed by the Mayor from the recognized employee organization representing the largest number of former redevelopment agency employees employed by the successor agency at that time." At the City Council meeting of February 28, 2012, Mayor Jake Mackenzie appointed Linda Babonis who served as the Employee Representative of former Rohnert Park Community Development Commission employees. On February 11, 2014, due to the resignation of Ms. Babonis, Mayor Joe Callinan appointed Director of Development Services Marilyn Ponton to replace Ms. Babonis. Ms. Ponton has recently resigned from employment with the City, and the attached written resignation has been submitted to the OSB Chair and the Department of Finance per Section 7 of the OSB Bylaws'. Pursuant to OSB Bylaws Section 8 `Filling of Vacancies', "In the event of a vacancy on the Board, the appointing entity for the vacant seat shall select a member to fill such vacancy as soon as reasonably practicable, provided, however, that the Governor may appoint individuals to fill any member position that remains vacant for more than sixty (60) days." At the City Council meeting of September 22, 2105, Mayor Amy Ahanotu appointed Director of Development Services Mary Grace Pawson to the OSB to replace Ms. Ponton. The Board is being asked to acknowledge the resignation and to confirm the Mayor's recent appointment. FISCAL IMPACT/FUNDING SOURCE: No fiscal impact. Section 7. Resignation:Any Board member may resign at any time by giving written notice to the Chair,who shall forward such notice to the Successor Agency and to DOF. Any such resignation will take effect upon receipt or upon any date specified therein. The acceptance of such resignation shall not be necessary to make it effective. 1 ITEM NO. 5A City Manager Approval Date: 9/15/15 Counsel Attorney Approval Date: 9/15/15 Attachments (list in packet assembly order): 1. Marilyn Ponton's notice of resignation Item 5A Attachment to Staff Report August 17, 2015 Darrin Jenkins City of Rohnert Park 130 Avram Ave Rohnert Park,CA 94928 Dear Darrin: This letter is my 30-day notice of my intent to resign effective September 17,2015 due to health reasons. It has been my pleasure to work with the team at Rohnert Park as the City moves forward with projects and goals. My sincere best to continued success as the City grows and prospers. Sincerely; Marilyn Pont() CC:V. Perrault This page left intentionally blank. . voi4Nt kT Y41t Mission Statement ITEM NO. 5B '9 r' \mot 6'I "We Care for Our Residents by Working Together to Build a Better Community for Today and Tomorrow." e,ai.nxy„' CITY OF ROHNERT PARK OVERSIGHT BOARD AGENDA Meeting Date: September 24,2015 Submitted By: Darrin Jenkins, City Manager Prepared By: Eydie Tacata, Clerk of the Board Agenda Title: Election of Board Chair to Oversight Board RECOMMENDED ACTION: Elect one member of the Oversight Board of the Successor Agency City of Rohnert Park("Board") to serve as Chair for the remainder of the term of office previously served by Marilyn Ponton. BACKGROUND: At their annual meeting on April 9, 2014, the Board elected Marilyn Ponton as Chair and Michael Thompson as Vice Chair of the Board. At the subsequent annual meeting of April 8, 2015,the Board re-elected Marilyn Ponton and Michael Thompson to their second terms of Chair and Vice-Chair respectively. Ms. Ponton submitted her resignation from employment with the City of Rohnert Park, effective September 17, 2015. Ms. Ponton served as the representative of the employees of the former Rohnert Park Community Development Commission. Her resignation creates a vacancy in the office of Chair of the Board. DISCUSSION: The Bylaws of the Oversight Board, Article 11, Section 7, Vacancies state: "Should the office of the Chair or Vice Chair become vacant, the Board shall elect a successor from among the Board members at the next regular or special meeting, and such office shall be held for the unexpired term of said office. " The Special Meeting of the Board already scheduled for September 24, 2015 provides a meeting during which a successor could be elected for the vacated office of Board Chair, as provided by the Bylaws. Staff recommends that the Board hold an election at the September 24, 2015 meeting to till the office of Board Chair. The successor will hold the office for the remainder of Ms. Ponton's term which expires on April 13, 2016,the date of the next annual meeting of the Board. City Manager Approval Date: 9/15/2015 Board Counsel Approval Date: 9/15/2015 Attachment: Resolution No.OSB 2015-04 RESOLUTION NO. OSB 2015-04 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK AFFIRMING SELECTION OF BOARD CHAIR WHEREAS, the Oversight Board for the Successor Agency City of Rohnert Park (the "Board") organized itself pursuant to Chapter 4 (commencing with Section 34179) of Part 1.85 of Division 24 of the Health and Safety Code; WHEREAS, in accordance with the Oversight Board Bylaws, at each annual meeting of the Board held on the second Wednesday of April, a Chair and a Vice-Chair of the Board are elected by a majority vote of the Board; WHEREAS, Marilyn Ponton served on the Oversight Board as the representative of the employees of the former Rohnert Park Community Development Commission and was the duly- elected Chair of the Board serving a second term following her election to the office on April 8, 2015; WHEREAS, Ms. Ponton submitted her resignation from employment with the City of Rohnert Park, effective September 17, 2015, creating a vacancy in the office of Chair of the Board; and WHEREAS, the Bylaws of the Oversight Board, Article II, Section 7, Vacancies provides that "should the office of the Chair or Vice Chair become vacant, the Board shall elect a successor from among the Board members at the next regular or special meeting, and such office shall be held for the unexpired term of said office." WHEREAS, during a special meeting of the Oversight Board on September 24, 2015, a successor to the Chair of the Oversight Board was elected. NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK DOES HEREBY RESOLVE AS FOLLOWS: Section 1. The Chair of the Board, elected in accordance with the Bylaws, is as follows: C:hair: Section 2. This Resolution shall be effective the next regularly scheduled or special meeting. DULY AND REGULARLY ADOPTED this 24'h day of September, 2015. ATTEST: OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK Eydie Tacata, Clerk of the Board Michael Thompson, Vice Chair Cerreta: Jolley: Mackenzie: Masterson: Pawson: Zane: Thompson: AYES: ( ) NOES:( ) ABSENT: ( ) ABSTAIN: ( ) swift( PAR, ITEM NO. 5C f• Mission Statement * 63 "We Care for Our Residents by Working Together to Build a Better Community for Today and Tomorrow." CITY OF ROHNERT PARK OVERSIGHT BOARD AGENDA REPORT Meeting Date: September 24, 2015 Submitted By: John McArthur, Director of Public Works and Community Services Agenda Title: City of Rohnert Park Oversight Board Receive Series 2007R Excess Bond Proceeds Expenditure Statement RECOMMENDED ACTION: Staff recommends that the Oversight Board receive the attached statement of 2007R Excess Bond proceeds expenditures for the period of January 2015 through June 2015. BACKGROUND: Since receiving the Finding of Completion, the City, Successor Agency and Oversight Board (OSB) have taken the following actions relating to the use of the remaining redevelopment bond proceeds: 1) On February 11, 2014, the City Council approved the use of $5.7 million in bond proceeds for multiple facility improvement projects within the former Redevelopment Area (RDA). On April 9, 2014, the project list was approved by the OSB and later approved by the State Department of Finance. 2) On February 10, 2015, City Council approved the use additional $627,546 in uncommitted bond proceeds from the 1999 Tax Allocation Bonds (TABS) that will be used as contingency funds for projects that have already been approved. EXCESS BOND PROCEEDS AGREEMENT: The total amount of bond proceeds currently allocated to the bond project list is approximately $6.3 million. Since approving the Excess Bond Proceeds Agreement (Agreement) several of the public facility improvement projects have been implemented. Section 5 of the Agreement requires that the City provide the Successor Agency and Oversight Board with a bi-annual written statement identifying the amount of Series 2007R Excess Bond Proceeds expended in the January through June and July through December six-month periods. The attached statement details expenditures of excess bond proceeds on public improvements for the six-month period of January 2015 through June 2015. City Manager Approval Date: September 16, 2015 OSB Counsel Approval Date: N/A Attachments: I. Attachment A: Excess Bond Proceeds Bi-Annual Statement 1 OAK#4832-8862 6462 v2 This page left intentionally blank. ATTACHMENT A 2007R Excess Bond Proceeds Expenditure Report-January 2015 through June 2015 Project Name Types of Expenses Project Budget Jan-Jun 2015 Total Remaining Balance Benicia Pool Renovation Project Rehab of pool including replacement of pool decking,pool Design $53,515.73 plaster,building roofs,restroom fixtures,diving board, Construction Management $27,357.00 expanded picnic area,new ADA restroom Construction $338,086.76 Sub-total 51,437,025.00 5418,959.49 $1,018,065.51 Sports Center Locker Room Retrofit Design $66,689.53 Remodel of both women's and men's locker rooms Constructability Review $4,977.00 including replacement of lockers,fixtures,floors,and Construction Management upgraded showers Construction Sub-total $789,540.00 $71,666.53 $717,873.47 Public Safety Main HVAC Replacement Design $36,766.59 Replacement of HVAC system including new chiller and Construction Management boiler,control system,VAVs Construction Sub-total $652,791.00 $36,766.59 $616,024.41 A-Park Restroom Renovation Design Rehabilitation of the restroom building,including Construction Management replacement of fixtures and security features Construction Sub-total $149,403.00 $149,403.00 L-Park Restroom Renovation Design Rehabilitation of the restroom building,including Construction Management replacement of fixtures and security features Construction Sub-total $55,761.00 $55,761.00 PAC HVAC Replacement(4 units) Replacement of 4 HVAC units Design Construction Management Construction Sub-total $462,000.00 $462,000.00 Community Center Roof Replacement Replacement of roof Design, Construction Management Construction Sub-total $239,400.00 $239,400.00 Senior Center Roof Replacement Replacement of roof Design Construction Management Construction Sub-total $234,000.00 $234,000.00 Senior Center Restroom Renovation Renovation of restroom,including new fixtures,flooring, Design ADA upgrades Construction Management Construction Sub-total $109,200.00 5109,200.00 Page 1 ATTACHMENT A 2007R Excess Bond Proceeds Expenditure Report -January 2015 through June 2015 Project Name I Types of Expenses Project Budget lan-Jun 2015 Total Remaining Balance PAC Roof Replacement Replacement of roof Design Construction Management Construction Sub-total $1,158,515.00 $1,158,515.00 Library Parking Lot Paving and Landscaping Overlay of library parking and associated landscaping Design Construction Management Construction Sub-total $234,900.00 $234,900.00 Community Center Parking Lot Overlay Overlay of parking lot Construction Sub-total $800,000.00 $800,000.00 TOTAL $6,322,535.00 $527,392.61 $5,795,142.39 Page 2 „F,FRI r ITEM NO. 5I) Mission Statement r,. "We Care for Our Residents by Working Together to Build a Better Community for Today and Tomorrow.” ('Alliomo' CITY OF ROHNERT PARK OVERSIGHT BOARD AGENDA REPORT Meeting Date: September 24, 2015 Submitted By: John McArthur, Director of Public Works and Community Services Agenda Title: Adoption of a Resolution Approving an Agreement Regarding Expenditure of Excess Bond Proceeds between the City of Rohnert Park and the Successor Agency RECOMMENDED ACTION: Staff recommends that the Oversight Board adopt a resolution approving the attached Agreement Regarding Expenditure of Excess Bond Proceeds (Agreement) between the City and the Successor Agency to the former Community Development Commission (Successor Agency) for expenditure of remaining proceeds from the issuance of the 2007R Tax Allocation Bonds. BACKGROUND: In April 2013, the City received from the State Department of Finance (DOF) the Finding of Completion for the City of Rohnert Park Successor Agency. Pursuant to the terms of AB 1X 26 as amended by AB 1484 (collectively the "Redevelopment Dissolution Act"), the Successor Agency can now utilize the proceeds of bonds issued prior to January 1, 2011 in a manner that is consistent with the original bond covenants, as further provided in Health and Safety Code section 34191.4(c). Since receiving the Finding of Completion, the City, Successor Agency and Oversight Board have taken the following actions relating to the use of the remaining redevelopment bond proceeds: 1. February 11, 2014 - The City Council approved the list of proposed capital improvements of certain publicly-owned facilities ("Public Improvements List"). 2. March 27, 2014 — Successor Agency staff obtained from bond counsel an opinion that the projects on the proposed Public Improvements List are consistent with the original bond covenants. 3. April 9, 2014 —The Oversight Board adopted a resolution finding that the projects on the proposed Public Improvements List are consistent with the Bonds covenants and directing Successor Agency staff to include the proposed public facilities improvements as expenditures of Excess Bond Proceeds on the Recognized Obligation Payment Schedule (ROPS) for the January-June 2015 (ROPS 14-15B) period. Several of these original former CDC bond projects have since been implemented. On February 10, 2015 City Council approved the use additional $627,546 in uncommitted bond proceeds from the 1999 Tax Allocation Bonds (TABS) that will be used as contingency funds for projects that have already been approved. The total amount of bond proceeds currently allocated to the bond project list is approximately $6.3 million. 1 OAK#4832-8862-6462 v2 ITEM NO. 5D ANALYSIS: Pending OSB and DOF approval, an additional $10,055,725 in bond funds are available for projects in the former RDA. On May 22, 2007, the former Community Development Commission entered into a reimbursement agreement (as amended on August 26, 2008) with the City whereby the former Commission would fund 88% of the project cost of the Eastside Sewer Main Phase 1 Improvement Project, which is the portion of the project that lies within the RDA project area, in advance of the City receiving the money through public facilities finance fees recorded in the Public Facility Finance Fee Special Revenue Fund. The former Commission funded this project from the 2007R Tax Allocation Bond proceeds. The advance was transferred from the former Commission to the Successor Agency on February 1, 2012, when all redevelopment agencies in California ceased to exist. The current balance is $10,055,725. As these funds are repaid, they retain their identity of bond proceeds and are therefore available to be used for the same purpose as when issued, which is for capital projects within the former redevelopment area. On September 22, 2015, the City Council and Successor Agency adopted resolutions approving an agreement between the City and the Successor Agency regarding expenditure of excess Series 2007R bond proceeds in amount of $10,055,725. Under the Agreement, as bond proceeds become available, 2007R bond proceeds would be used for and infrastructure rehabilitation and improvement projects identified in Exhibit A of the Agreement. ENVIRONMENTAL COMPLIANCE Approving this Agreement is not subject to California Environmental Quality Act (CEQA) because it does not commit the City to define a course of action; the City retains full discretion to review and approve projects described in the Agreement and conduct environmental review. NEXT STEPS The attached Agreement between the City and the Successor Agency would transfer the remaining excess bond proceeds as funds become available to the City for future use on projects identified in the Public Improvement List. The Agreement will require Oversight Board approval, and is subject to DOF review. The Agreement requires the City to provide bi-annual written statements to the Successor Agency and Oversight Board identifying the amount of bond proceeds expended pursuant to the Agreement during the applicable six-month period and briefly describing the funded projects. Following DOF approval of the ROPS 15-16B including this Agreement, and as funds become available, the Successor Agency shall transfer the remaining redevelopment bond proceeds to the City, and the City shall deposit such funds into an Excess Bond Proceeds Fund for the City's use in accordance with the terms, conditions, and purposes set forth in the Agreement. The proposed bond funded projects would be implemented as bond proceeds become available. City Manager Approval Date: September 9, 2015 OSB Counsel Approval Date: September 9, 2015 Attachments: I. Agreement Regarding Excess Bond Proceeds 2. Exhibit A to Agreement (Proposed Public Improvements) 3. Resolution No. OSB 2015-05 2 OAK 44832-8862-6462 v2 ATTACHMENT 1 TO STAFF REPORT (AGREEMENT) AGREEMENT REGARDING EXPENDITURE OF EXCESS BOND PROCEEDS (Rohnert Park Redevelopment Project Tax Allocation Bonds Series 2007R) This Agreement Regarding Expenditure of Series 2007R Excess Bond Proceeds (this "Agreement") is entered into effective as of , 2015 ("Effective Date") by and between the Successor Agency to the Community Development Commission of the City of Rohnert Park ("Successor Agency") and the City of Rohnert Park, a municipal corporation ("City"). The Successor Agency and the City are hereinafter collectively referred to as the "Parties." RECITALS A. Pursuant to authority granted under the Community Redevelopment Law (California Health and Safety Code Section 33000 et seg.) ("CRL"), the former Community Development Commission of the City of Rohnert Park ("CDC") had responsibility to implement the Rohnert Park Redevelopment Project Area (the "Project Area"), originally approved by Ordinance No.479 enacted by the City Council of the City of Rohnert Park (the "City Council"). B. Pursuant to that certain Third Supplemental Indenture of Trust dated as of April 1, 2007 (supplemental to the Indenture of Trust dated as of May 1, 1991), and executed by and between the CDC and Union Bank of California as trustee (collectively, the "Indenture"), the CDC issued Tax Allocation Bonds, Series 2007R Bonds in the original principal amount of $34,680,000 (the"Series 2007R Bonds"). C. Pursuant to the Indenture, proceeds from the sale of the Series 2007R Bonds are required to be used solely for the purposes of redevelopment and in compliance with the requirements of the federal Tax Code as further provided in the Tax Certificate executed by the CDC in connection with issuance of the Series 2007R Bonds (the "Tax Certificate") and described in the Official Statement for the Series 1999 Bonds ("Official Statement"). The Tax Certificate and the Official Statement are on file with the City Clerk of the City of Rohnert Park. D. Pursuant to Resolution No. 2012-10 adopted by the City Council on January 10, 2012, the City agreed to serve as the Successor Agency to the CDC commencing on February 1, 2012 pursuant to Assembly Bill xl 26 ("AB 26"). E. On April 26, 2013 the Successor Agency received its finding of completion from the Department of Finance. F. Health and Safety Code Section 34191.4(c) provides that a successor agency that has been issued a finding of completion by the Department of Finance may use proceeds of bonds issued before December 31, 2010 for the purposes for which the bonds were sold. Further, the Successor Agency may designate the use of and commit indebtedness obligation proceeds that were derived from bonds issued for redevelopment purposes on or before December 31, 2010. and that remain available after the satisfaction of enforceable obligations that have been approved on a Recognised Obligation Payment Schedule ("ROPS") and that are consistent with the bond obligation covenants (hereafter, "Series 2007R Excess Bond Proceeds'). 1 OAK#4 I--O7l7-8881 vI G. Health and Safety Code Section 34191.4(c) further provides that the expenditure of Series 2007R Excess Bond Proceeds must be listed separately on the ROPS. H. The Tax Certificate provides that the Series 2007R Bonds are to be sold and delivered for the purpose of financing certain capital costs of the Issuer, and the Official Statement provides that the proceeds of the Series 2007R Bonds are to be used to finance capital improvements in the Project Area. I. The City and the Successor Agency desire to use the Series 2007R Excess Bond Proceeds consistent with the Series 2007R Bond covenants to pay costs related to capital improvements of certain publicly-owned facilities located in the Project Area and identified in Exhibit A to this Agreement ("Proposed Public Improvements"), incorporated herein by this reference. J. The Successor Agency having received its Finding of Completion, the Parties now desire to enter into this Agreement to allow the Successor Agency to transfer the remaining Series 2007R Excess Bond Proceeds to the City and to require the City to use the Series 2007R Excess Bond Proceeds for the purposes identified in and consistent with the Series 2007R Bonds covenants and the requirements of the CRL. K. The execution of this Agreement was approved by the City Council acting in its capacity as the governing board of the City and in its capacity as the governing board of the Successor Agency by resolutions adopted on September 22, 2015. L. The execution of this Agreement by the Successor Agency was approved by the Oversight Board by resolution adopted on September 24, 2015. NOW, THEREFORE, in consideration of the mutual covenants, conditions and promises herein contained, the Parties hereby agree as follows. AGREEMENT 1. Incorporation of Recitals. The Parties acknowledge the truth of the foregoing Recitals which by this reference are incorporated into this Agreement. 2. Term. The term of this Agreement shall commence on the Effective Date, and shall continue in effect until the date that all Series 2007R Excess Bond Proceeds are expended in accordance with the requirements of this Agreement. 3. Use of Series 2007R Excess Bond Proceeds. The City agrees that it shall use the Series 2007R Excess Bond Proceeds solely for the purposes identified in Recitals H and I above, the projects identified in the Proposed Public Improvements (Exhibit A), or, as determined by the City Council, for other infrastructure projects consistent with the Series 2007R Bonds covenants. The City shall notify Successor Agency and Oversight Board if City Council decides to use the Series 2007R Excess Bond Proceeds for infrastructure projects not identified in Recitals H or 1 or in this Section 3. (JAI,M4851-4247-8881 vl 4. Transfer of Excess Bond Proceeds. Within 120 days of the execution of this Agreement, subject to DOF approval of the inclusion of this Agreement on the ROPS 15-16B, the Successor Agency shall transfer Series 2007R Excess Bond Proceeds to the City as funds become available, and the City shall deposit such funds into a Series 2007R Excess Bond Proceeds Fund for City's use solely in accordance with the terms,conditions, and purposes set forth in this Agreement. Funds deposited into a Series 2007R Excess Bond Proceeds Fund shall not be commingled with any City funds. As of the Effective Date, the amount of Series 2007R Excess Bond Proceeds not separately identified on the ROPS for project expenditures during the ROPS 15-16B period equals the sum of Ten Million Fifty Five thousand, Seven Hundred Twenty Five Dollars ($10,055,725). 5. Bi-annual Report to Successor Agency. City shall provide Successor Agency and Oversight Board with a bi-annual written statement identifying the amount of Series 2007R Excess Bond Proceeds expended in the January through June and July through December six- month periods, the date of the expenditure, and a brief description of the projects funded with the Series 2007R Excess Bond Proceeds. 6. Project Approvals; Environmental Review. This Agreement is not intended to limit in any manner the discretion of City in connection with the issuance of approvals and entitlements for the projects described in this Agreement, including without limitation, the undertaking and completion of any required environmental review pursuant to CEQA and NEPA, as applicable, and the review and approval of plans and specifications. 7. Severability. If any term, provision, covenant, or condition set forth in this Agreement is held by the final judgment of a court of competent jurisdiction to be invalid, void, or unenforceable, the remaining provisions, covenants, and conditions shall continue in full force and effect to the extent that the basic intent of the Parties as expressed herein can be accomplished. In addition,the Parties shall cooperate in good faith in an effort to amend or modify this Agreement in a manner such that the purpose of any invalidated or voided provision, covenant, or condition can be accomplished to the maximum extent legally permissible. 8. No Third-Party Beneficiaries; Assignments. Nothing in this Agreement is intended to create any third-party beneficiaries to this Agreement, and no person or entity other than the Successor Agency and the City, and the permitted successors and assigns of either of them, shall be authorized to enforce the provisions of this Agreement. 9. Further Assurances. Each Party agrees to execute, acknowledge and deliver all additional documents and instruments, and to take such other actions as may be reasonably necessary to carry out the intent of the transactions contemplated by this Agreement. 10. Governing Law. This Agreement shall be governed by and construed in accordance with the laws of the State of California. 1 1. Counterparts. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which shall constitute but one and the same instrument. 12. Amendments. This Agreement may be modified or amended, in whole or in part, only by an instrument in writing, executed by the Parties. 3 OAK#485I-42474881 vi IN WITNESS WHEREOF', the Parties have executed this Agreement effective as of the date first written above. CITY: SUCCESSOR AGENCY: City of Rohnert Park Successor Agency to the Community Development Commission of the City of Rohnert Park By: By: Amy O. Ahanotu, Mayor Darrin Jenkins, City Manager City of Rohnert Park Per Resolution 2015- approved by the Per Resolution 2015- approved by the Rohnert Park City Council at its meeting of Rohnert Park City Council at its meeting of September 22, 2015 September 22, 2015 ATTEST: ATTEST: By: By: JoAnne Buergler, City Clerk JoAnne Buergler, City Clerk APPROVED AS TO FORM: APPROVED AS TO FORM: By: By: Michelle Marchetta-Kenyon Michelle Marchetta-Kenyon City Attorney City Attorney 4 OAK#48 i4247-888I vi ATTACHMENT 2 TO STAFF REPORT (PROPOSED PUBLIC IMPROVEMENTS) E x h i h it A Proposed Public lmproNements • ADA path of travel rehabilitation in parks • Animal Shelter exterior coating/siding • Animal Shelter HVAC replacement • Community Center exterior coating • Community Center HVAC replacement • Community Center MU floor replacement • Ladybug Park roof replacement • PAC exterior coating • PAC HVAC replacement (5 units) • Public Safety Main mini-split AC replacement • Replacement of stadium lighting in parks • Senior Center exterior coating/siding • Senior Center HVAC replacement • Senior Center parking lot overlay • Sports Center exterior coating • Sports Center new AC system • Street paving rehabilitation in project area • ADA Compliance (transition study implementation, sidewalk repair) • Community Center courtyard renovation • Park field/irrigation renovation • Park picnic area renovation • Public Safety Main floor replacement • Public Safety Main interior coating • Skate feature in project area • Sports Center Activity Room equipment/floor • Sports Center Weight Room equipment/floor Exhibit A This page left intentionally blank. RESOLUTION NO. OSB 2015-05 RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK APPROVING AN AGREEMENT REGARDING EXPENDITURE OF EXCESS BOND PROCEEDS WHEREAS, the Redevelopment Dissolution Law (ABIx 26, enacted June 28, 2011, as amended by AB 1484, enacted June 27, 2012) provided for creation of the Successor Agency ("Successor Agency")to the Community Development Commission of the City of Rohnert Park ("CDC")and required the Successor Agency to expeditiously wind down the affairs of the CDC as directed by the oversight board created pursuant to Section 34179 of the California Health and Safety Code ("Oversight Board"); WHEREAS, following the successful completion of certain statutory prerequisites, the Successor Agency received a Finding of Completion from the State of California Department of Finance by letter dated April 26, 2013; WHEREAS, Health and Safety Code Section 34191.4(c) provides that once a finding of completion has been issued by the Department of Finance, the successor agency is authorized to use bond proceeds for the purposes for which the bonds were sold; WHEREAS,the Successor Agency may designate the use of and commit indebtedness obligation proceeds that were derived from indebtedness issued for redevelopment purposes on or before December 31, 2010, and that remain available after the satisfaction of enforceable obligations that have been approved on a Recognized Obligation Payment Schedule ("ROPS") and that are consistent with the indebtedness obligation covenants (hereafter, "Excess Bond Proceeds"); WHEREAS, the CDC issued its Rohnert Park Redevelopment Project Tax Allocation Bonds, Series 2007R (the "Bonds") in the total original principal amount of$34,680,000; WHEREAS, the Bonds were issued pursuant to that certain Third Supplemental Indenture of Trust, dated as of April 1. 2007, between the CDC and Union Bank of California as trustee ("Trustee"), supplemental to a Master Indenture dated as of May 1, 1991 (collectively, the "Indenture"); WHEREAS, the Indenture requires that the Bonds proceeds be expended for redevelopment purposes and in compliance with federal Tax Code requirements, as further provided in the Tax Certificate executed by the CDC in connection with issuance of the Bonds and described in the Official Statement for the Bonds; WHEREAS, there arc $10.055,725 in Excess Bond Proceeds from the Series 2007R Bonds("Series 2007R Excess Bond Proceeds") remaining; WHEREAS, the City of Rohnert Park ("City") and the Successor Agency desire to use the Series 2007R Excess Bond Proceeds consistent with the Series 2007R Bonds covenants to OAK#4819-5479-9646 vl pay costs related to capital improvements of certain publicly-owned facilities located in the Rohnert Park Redevelopment Project Area and identified in the Agreement accompanying this Resolution; WHEREAS, on August 25, 2015, the City Council of the City of Rohnert Park ("City") approved a list of proposed public improvements to be funded from 2007R Bonds proceeds ("Proposed Public Improvements"); and WHEREAS, bond counsel has provided an opinion that the expenditure of the Excess Bond Proceeds for the Proposed Public Improvements is consistent with the original Bonds covenants; NOW,THEREFORE, BE IT RESOLVED BY THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK, AS FOLLOWS: 1. The Oversight Board hereby finds and determines that the foregoing recitals are true and correct and are incorporated herein. 2. Based on the foregoing recitals, the Oversight Board hereby approves and authorizes the execution of the Agreement Regarding Expenditure of Excess Bond Proceeds ("Bond Agreement") in the form attached to the staff report accompanying this Resolution. 3. The staff of the Successor Agency is hereby directed to include the Bond Agreement on the ROPS for the January-June 2016 (ROPS 15-16B)period and to take such other and further actions as are deemed necessary to carry out the purposes and intent of this Resolution. DULY AND REGULARLY ADOPTED this 24th day of September, 2015. ATTEST: OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK Eydie Tacata, Clerk of the Board Michael Thompson, Vice-Chair Cerreta: Jolley: Mackenzie: Masterson: _Pawson: Zane: Thompson: AYES:( ) NOES: ( ) ABSENT: ( ) ABSTAIN: ( ) OAK#4W 9-5479-%4b v2 w°",'"' '''RR ITEM NO. 5E ��— Mission Statement "We Care for Our Residents by Working Together to Build a Better Community for Today and Tomorrow." CALiuoRNO' CITY OF ROHNERT PARK OVERSIGHT BOARD AGENDA Meeting Date: September 24, 2015 Submitted By: Betsy Howze, Finance Director Prepared By: Betsy Howze, Finance Director Agenda Title: Approval of the Recognized Obligation Payment Schedule(ROPS) 15- 16B of the Successor Agency to the former Community Development Commission of the City of Rohnert Park RECOMMENDED ACTION: Consider and adopt the attached Resolution approving the ROPS 15-16B (Recognized Obligation Payment Schedule for the period January 1, 2016 to June 30, 2016) of the Successor Agency to the former Community Development Commission of the City of Rohnert Park. BACKGROUND: Health & Safety Code Section 34177 (m)(1) requires successor agencies to submit the Recognized Obligation Payment Schedule(ROPS) to the State Department of Finance (DOF). The ROPS 15-16B must be submitted to the Sonoma County Auditor-Controller Treasurer-Tax Collector, State Controller's Office and Department of Finance no later than October 5, 2015, after approval by the oversight board. ANALYSIS: The attached ROPS 15-16B addresses $3,249,269 in enforceable obligations to be paid from Redevelopment Property Tax Trust Funds ("RPTTF"). The enforceable obligations include bond debt payments and the administrative cost allowance for the period January 1, 2016 to June 30, 2016. As previously reported, with the receipt of the Notice of Completion on April 26, 2013, the Successor Agency is eligible to include previously unallowable items beginning with the ROPS 14-15B. These include 1) repayment of a loan the City made to the former Community Development Commission and 2) expenditure of the proceeds of bonds issued prior to December 31, 2010 for infrastructure projects. The first annual City loan repayment in the amount of$298,505 was received in the ROPS 14- 15B period, and the second annual payment in the amount of$598,209 is being requested in the proposed ROPS 15-16B period. As reported in February 2015, we have identified $10,055,725 in bond proceeds that were loaned to the Public Facility Finance Fee Fund to build the Eastside Trunk Sewer Project. These funds will be repaid to the Successor Agency with developer fees as funds become available. For this 1 ITEM NO. 5E ROPS period we estimate $500,000 may be available for to the Successor Agency for projects within the project area, and has been included on the ROPS 15-16B. If a pending agreement to expend the funds is approved by the Oversight Board this amount will be included as Bond Proceeds on the ROPS; if not approved it will be removed with an administrative change before submission to the State and County. Staff recommends that the Oversight Board consider and adopt the attached Resolution approving the ROPS 15-16B. If approved, staff will submit the approved ROPS to the Sonoma County Auditor-Controller Treasurer-Tax Collector, State Controller's Office and the Department of Finance by October 5, 2015. In accordance with AB1484, staff will also post the approved ROPS on the Successor Agency's website. Department Head Approval Date: August 25, 2015 City Manager Approval Date: September 15,2015 City Attorney Approval Date: September 9,2015 Board Counsel Approval Date: September 9, 2015 Attachments: 1. Resolution approving ROPS 15-16B 2. Exhibit A to Resolution: ROPS 15-16B RESOLUTION NO. OSB 2015-06 A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK APPROVING THE RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR JANUARY 1 —JUNE 30,2016 ("ROPS 15-16B"), PURSUANT TO SECTION 34177 OF THE CALIFORNIA HEALTH AND SAFETY CODE WHEREAS, the Redevelopment Dissolution Law (AB 1 X 26, enacted June 28, 2011, as amended by AB 1484, enacted June 27, 2012, and hereinafter, "Dissolution Law") provided for the creation of the Successor Agency City of Rohnert Park ("Successor Agency"), as successor agency to the Community Development Commission of the City of Rohnert Park ("Commission") and required the Successor Agency. among other things, to expeditiously wind down the Commission's affairs, while continuing to meet the Commission's enforceable obligations and 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 Health and Safety Code ("Oversight Board"); WHEREAS, Section 34177(1)(2) of the Health and Safety Code requires the Successor Agency, following approval by the Oversight Board, 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, the Recognized Obligation Payment Schedules ("ROPS") which include enforceable obligations and Successor Agency administrative costs for six-month periods; WHEREAS, pursuant to the Dissolution Law, the ROPS for the period of January 1, 2016 to June 30, 2016 ("ROPS 15-16B") must be submitted to the Sonoma County Auditor-Controller- Treasurer-Tax Collector, State Controller's Office and Department of Finance no later than October 5, 2015, after approval by the Oversight Board; WHEREAS, Successor Agency staff have prepared the attached ROPS, which was approved by the Successor Agency's governing board on September 22, 2015; and WHEREAS, Successor Agency staff have submitted the attached ROPS to the Oversight Board for review and approval, and at the same time have provided a copy of the attached ROPS to the County Administrative Officer, the County Auditor and DOF, all as required pursuant to Health and Safety Code Section 34177(1)(2)(B). NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK DOES RESOLVE AS FOLLOWS: Section 1. The Recognized Obligation Payment Schedule for the period of January 1, 2016 to June 30, 2016 ("ROPS 15-16B") 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 County Auditor and post the ROPS on the Successor Agency's OAF,#4822-8097-41 10 4 I R rc, 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, 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 Oversight Board for the Successor Agency City of Rohnert Park this 24th day of September, 2015. OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY CITY OF ROHNERT PARK Michael Thompson, Vice Chair ATTEST: Eydie Tacata, Clerk of the Board Cerreta: Jolley: Mackenzie: Masterson: Pawson: Zane: Thompson: AYES:( ) NOES: ( ) ABSENT: ( ) ABSTAIN: ( ) OAK#4822-8097-4I 10 v4 ,3 O O G) C) c) a, O) CO C''') 0) Q) a) c) CIt0 (p CDCD (C CO r) (C CJ h O c). N N O N N O N N N CI r O c) d N N N Tr '4 )fl N '- +- f) N. N N N N C, r O M c7 07 M M M M 2 A ') w v► ag w* as E Ca C C 5 CM 3 C C LL C C 7 7 no a CC -0La r "0 y 7 O C a) 6 7 a) d O LL CT c a)O v.) in a) I- C u_ I- a) -CIS r r a Q E c x a - Q Z in Q1 I-as C o C Q p I r 0 7 •C) 7 i= «, t a) C p d O a a) V (a p a c '-' a+ p .. r+ y y .0, /. C - 0 O. C c ` C r W d ra c + d rn a) LL a) U E > m a . � - YU n =p GY d 7 p C W °.. 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H Rohnert Park Recognized Obligation Payment Schedule (ROPS 15-1613) - ROPS Detail January 1, 2016 through June 30, 2016 (Report Amounts in Whole Dollars) J A B c ` D E F G H I K L M N O P Funding Source Non -Redevelopment Property Tax Trust Fund Nan-RPTTF) RPT TF Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Item # Project Name / Debt Obligation Contract/Agreement Obligation Type Execution Date ContracUAgreement Termination Date Pa a Description/Pre' Scope Project Area Total Outstanding Debt or Obligation Retired Six -Month Total $ 99,172,993 $ 500.000 S - $ - S 3.124,269 $ 125,000 $ 3,749.269 1 1999 Tax Allocation Bonds Bonds Issued On or i 112711999 WWO35 Union Bank Bonds issue to fund non-housin Rohner( Park 30,300,000 N 395 000 969,213 S 395.000 $ 969,213 2 2001 Tax Allocation Bonds Bonds Issued On or i9125/2001 81112020 Union Bank Bands refunding issue Rohnert Park 5.255.331 N Before 12/31/10 Redevelopment Project Area 3 2007R Tax Allocation Bonds Bands Issued On or 3/2812007 8/1/2037 Union Bank Bonds €slue for non -housing projects Rohnert Park 34,191.222 N 470,084 $ 470.084 Before 12/31/10 Redevelopment Project Area 4 2007H Tax Allocation Bonds Bonds Issued On or M812007 21112038 Union Bank Bonds issue to fund housing projects Rohnert Park 22,167.166 N 327.391 $ 327.391 Before 12/31/10 Redevelopment Project Area 5 2003 LRRB's g5% Paid by CDC Bonds Issued On or :711712003 711/2025 Union Bank 1 Lease Revenue Refunding Bonds Rohnert Park 4.809.159 N 364,372 $ 364,372 Before 12/31/10 Redevelopment Project Area 6 Administrative Allowance Admin Costs 111J2D14 6130/2014 City of Rohnert Park Support costs (e.g., Executive Director, Rohnert Park 125,000 N 125,000 $ 125.001) CFO, Legal, etc.) 2011-02) Redevelopment Project Area 7 Fund CorFtn'bution fvliscejda`rHW!, 5.`2812001 �M"1021 City of Rohnerl Park QoIf course CIP Fund cunlrlbull on per Rohivri Park { $ Lease Agmt MCoursr,,Co- (Tom tipsy Radw�_-lopfnant 2021) Project Area i0 Fit u,iri0 Sus[f Support Costs 1!112014 613G12p]4 City of f ohnert Park Moniloriflg iequirem enti & olhw Ra i*n Park Y $ ]AdmIn actions o Eswith housing Redevelopment Function project Area 11 fint+sir.9 Maintenarim Property 111/2014 6130/2014 City of Rohnen P.aW MainlenaT re 00SLS as<,oc IOd VAg1 Rohnert POK Y $ Manstertanov housing aw is 0,6 . p. apertrvn� j Re{ieveiopmenl Projt A Asap 12 Burke, Williams and Sorenson Admin Costs 1/1/2014 6130QO14 Burke, Williams and City Attorney (CDC Reso No 2010-20) Rohnert Park Y - Sorenson Redevelopment � Project Area 13 Rohnert Park Community Center OPA DDA/Construd 1/25/2011 12/31/2015 Successor Agency Various improvements to Community Rohnert Park Y $ - Improvements oil Center Campus as recommended by Redevelopment the Feasibility Study (see item #21- Project Area page 1) including energy savings improvements, redesign of the center plaza area, development of adjacent vacant lot and other phased projects. Rohnert Park 14 Recreational and Community OPAIDDAJConstructi 1/25/2011 12/31/2015 Successor Agency Improve recrea0onal and community Y $ Facilities Improvements on facifdies serving the Project Area. Redevelopment Several projects have been identified Project Area including an aquatics facility, water/spray parks and all-weather sports fields- Feasibility studies are Successor Agency underway (see item #22 - page 1). 15 Commercial Building Improvement Improvementllnfrastr 1125/2011 12/31/2015 Program will provide low interest loans (Rohnert Park Y $ - Program ucture for facade improvements and (Redevelopment commercial rehabilitation of Project Area commercial properties within the Project Area. _ v 16 Temporary Fire Station Facility ImprovemenllInfrastr 1/25/2011 12/3112015 Successor Agency Modification of an existing City -owned Rohnert Park Y $ ucture building to utilize it as a temporary fire Redevelopment station to service portions of the Project Area Project Area. Facility will provide service until such time as funding is available for a permanent facility. D I E Rohnert Park Recognized Obligation Payment Schedule (ROPS 15-168) - ROPS Detail January 1, 2016 through June 30, 2016 (Report Amounts in Whole Dollars) F mm - G H I — J ;- ContractlAgreement Contract/Agreement Item # Proiect Name I Debt Obligation Obligation Tyoe Execution Date Termination Date Payee 171 Community Sign Program Improvement/Infrastr 1/2512011 12/31/2015 Successor Agency ucture PA/DDA/Constructi 11/25/2011 Successor Agency 16 Neighborhood Bevil fixation 12/31/2015 Program rn 19 ,Avram Development/Former City OP A/DDA/Constructi , 1/25/2011 12/31/2015 Successor Agency Hall Reuse on Southwest Fire Station Reuse Ion 1/25/2011 on 21 Rohnert Park Housing Rehabilitation 0PAIDDA/Constructl 1/25/2011 Loan Program on 22 Assistance to Community Based OPA/DDA/Construch 1/25/2011 Organizations on Southwest Boulevard Shopping Center Site 24 .Acquisition of Affordability Covenants 25' Subsidies for Non -Profit Development f'oc�E Fi^novstlpn ins i -entrr Locher Room:, :multi Mic Safety Mziin HWAC �ptacsmani B. and L Park Restroom 1/25/2011 1 ,DPA/DDA/Constructi 1/25/2011 ion t(yirlty Loans 71$12003 On iir.13<sfore t�71t 1 Bonds Issued On or 9.lZ9+201 d Before 12/31110 Bands Issued On or W29=14 mrom 121311t0 Bonds Issued On or W2017. 4 Bence 12131110 Bonds lt; soW On or M, 12014 13erofe 12131/in 12/31/2015 ISuccessor Agency 12/31/2015 12/31/2015 12/3112015 12/31/2015 12/31/2015 7FI12023 15 18 15 Agency Agency Successor Agency Successor Agency Successor Agency Suxxor Agency Ciry of Rohnert Par City of Rohmn Par City of Rolln*n Pat City of Rohnerl Par Descriptlon/Project Scope Project Area Based on Corridor Plan, develop Rohnert Park functional signage for major streets Redevelopment and major attractions. Project Area Programs provides assistance to Rohnert Park residential property owners for Redevelopment improvements such as painting, Project Area landscaping and other improvements. Redevelop former City Hall site and Rohnert Park two contiguous parcels (6230 Redevelopment Commerce Blvd., 100 and 120 Avram Project Area Avenue) based on findings made In feasibility study related to affordable housing obligations. Redevelop property with 17 very -low Rohnert Park income housing units or an alternative Redevelopment use focused on creating a public Project Area assistance site. Provide rehabilitation loans to low and Rohnert Park very -low income households. Redevelopment Project Area Provide financial assistance for health Rohnert Park and safety repairs to homes occupied Redevelopment by low-income families with children, Project Area :seniors and disabled individuals. 'Provide one-time rental assistance to eligible residents experiencing financial difficulty. Provide rental subsidy for -low and very -low income individuals/families living in CDC - ,owned, COTS -managed Transitional and Shared Living homes. Housing Element Identifies this site for Rohnert Park redevelopment of mixed -use housing Redevelopment with 12 affordable housing units; 4 very- Project Area low income and B low-income units. Purchase affordability covenants to Rohnert Park restrict occupancy of Rohnert Park Redevelopment rental units for 55 years to low and very Project Area Low income households. Provide subsidies to non-profit Rohnert Park developers to Increase affordable Redevelopment housing opportunities within the Project Project Area Area and City. Gmnti Lease (CDC Reso No. 2003- Rohnert Park 03) Redevelop meril Project Area Band findW project hand funded project B" iund�-d project K L Non -Redevelopment Property (Non-RPTTF) Total Outstanding _Debt or Obligation Retired Bond Proceeds Reserve Balance Y Y -I Y Y Y Y Y VA 0 Y Y Y M N 1_0 P Funding Source Tax Trust Fund RPTTF Other Funds Non-Admin Admin Six -Month Total S _ _ r i { Rohnert Park Recognized Obligation Payment Schedule (ROPS 15-1613) - ROPS Detail January 1, 2016 through June 30, 2016 (Report Amounts in Whole Dollars) A B C a E F __J - Fundi Source Non -Redevelopment Property Tax Trust Fund Rion RPTTF RPTTF Name / Debt Obligation Obltg2torti Contract/Agreement Contract/Agreement Execution Date Termination Date Total Outstanding paye, DescriptiordPro cl Scope Pro' t Area Debt or Odd lien Retired Bond Proceeds Reserve Balance Okher Funds Non-Admin Admin Six -Month Total Item # 32 Project City General Fund Loan CitylCounty Loans &15/2000 1/2/2036 City of Rohnert Park Loan made by City of Rohnert Park 1,825,115 N 5g8,2U9 $ 598,2 On or Before 6127/11 General Fund 3-3Agrearnun3 mlh tft¢ City of Rohnert t3onds lssued Un or 91=1314 $F3pf20Z4 J:ity of R0 Wt Pa k 7raiisfsf of tsotxt proceeds etas sv t! t. -Y S Park Ie0ardir►tt expenditure of 8orom 12/31110 spent In a future BOPS perod expels bond proceeds $ 34 Agreement with Site Ci£y of Rohnert Bonds Issued On or 2/11/2015 0012015 City of Rohnert Park Transfer of bond proceeds that will be Y Park regarding expenditure of Before 12/31/10 spent in a future ROPS period excess bond proceeds — - 500 Q00 5 500,0 35 Agreement with the City of Rohnerl Bonds issued On or '9,12412015 6/3t112016 City of Rohnert Park TrtsnsreF of bond proceeds that will be 50Q,000 N Park regarding expenditure of Before 12/31/10 spent in a future ROPS period excess bond proceeds S 36 N N S 3T N S - 38 N S - 39 N 5 40 N 5 - N 5 N $ - 41 42 43 N $ - 44 N S 45 N S 46 Y S 47 Y $ 48 Y S 49 - Y & so Y 5 51: Y $ - Y $ 52 53 Y $ Y 5 54 55 Y S Y S - � 57 Y $ Y 5 - Y S - 58 59 BO Y $ 61 Y S Y $ - Y S Y 5 62 63 64 65 -- Y 5 E 66 Y 5 67 Y $ - 88 Y $ - 6 Y S 70 Y � - 71 Y $ 72 Y $ 73 Y S 74 Y S Y $ - 75 7 Y S $ Y I $ 77 78 Rohnert Park Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a) (Report Amounts in Whole Dollars) ROPS 14-15B Successor Agency (SA) Self -reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (Januarythrough June 2015) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA's self -reported ROPS 14-15B prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self -reported by SAs are subject to audit by -the county auditor -controller (CAC) and the State Controller - A B C O B F G H J K L 1M N 0 P Q R 5 T Non-RPTTF Expenditures RPTTF Expenditures Net SA Non-Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Bond Proceeds Reserve Balance Other Funds Non-Admin Admin Requested RPTTF) Available Difference Available RPTTF RPTTF (If total actual (ROPS 14-15B Difference (ROPS 1415E exceeds total distributed + all other Net Lesser of (If K is less than L, distributed + all other Net Lesser of authorized, the Project Name / available as of Authorized I the difference Is available as of Authorized I total difference Is Net Difference Item N Debt Obligation Authorized Actual Authorized Actual Authorized Actual Authorized 0111/15) Available Actual zero) Authorized 01/1/15) L Available Actual zero) (MAR) SA Comments $ 5.700.064 $ 5.700.064 $ $ $ - $ $ 2,970,155 $ 2.970.155 $ 2.970.155 $ 2.968,119 $ 2.036 S 125,000 $ 125.000 $ 125.000 $ 125.000 $ $ 2,036 1 1999 Tax Allocation 395,000 395,000 $ 395.000 393,085 $ 1.915 $ 1,915 Cash on hand with Trustee funded the (Bonds balance of the Debt Servcle due 2 2001 Tax Allocation 968.438 968.438 $ 958,438 968,317 $ 121 $ 121 Cash on hand with Trustee funded the Bonds balance of the Debt Servcle due 3 2007R Tax 486,959 486,959 $ 486.959 486,959 $ $ Allocation Bonds 4 2007H Tax 335,391 335,391 $ 335,391 335.391 $ - $ Allocation Bonds 5 2003 LRRB's 90% 360.862 360,862 5 360,862 360.862 $ $ - Paid by CDC 6 Adminislrative - § $ - 125.000 125,000 125.000 $ Allowance 7 Fund Cdnlribullon $ g § 10 Housing Staff $ _ $ $ Support 11 Housing - $ (Maintenance 12 Burke, Wlliams and - $ $ $ :Sorenson 13 Rohnert Park $ $ $ _ Community Center Improvements 14 Recreational and $ _ $ $ {Community Facilities Improvements 15 Commercial - $ $ § Building (improvement (Program 16 Temporary Fire _ $ iStation Facility 17 Community Sign - _ $ g $ (Program 18 Neighborhood - $ $ $ (Beautification (Program 19 Avram $ $ $ Development/Forme pr City Hall Reuse 20 Southwest Fire - $ $ g _ :Station Reuse 21 Rohnert Park - $ $ $ _ (Housing Rehabilitation Loan Program 22 Assistance to _ $ $ $ _ Community Based ,Organizations Rohnert Park Recognized Obligation Payment Schedule (ROPS 15-16B) - Report of Prior Period Adjustments Reported for the ROPS 14-15B (January 1, 2015 through June 30, 2015) Period Pursuant to Health and Safety Code (HSC) section 34186 (a) (RCPDrt Amounts in Whole Dollars) _ ?S 14.15B Successor Agency (SA) Self -reported Prior Period Adjustments (PPA): Pursuant to HSC Section 34186 (a), SAs are required to report the differences between their actual available funding and their actual expenditures for the ROPS 14-15B (January through June 2015) period. The amount of evelopment Property Tax Trust Fund (RPTTF) approved for the ROPS 15-16B (January through June 2016) period will be offset by the SA's self -reported ROPS 14-15B prior period adjustment. HSC Section 34186 (a) also specifies that the prior period adjustments self -reported by SAs are subject to audit by count auditor -controller (CAC and the State Controller _ _ _ A B C D r F G H I J K L N O P 0 R S Non-RPTTF Expenditures RPTTF Expenditures Bond Proceeds I Reserve Balance Project Name / Item fl Debt Obligation Authorized Actual Authorized Actual $ 5.700.064 $ 5.700.064 $ $ 23 Southwest Boulevard Shopping Center Site 24 Acqulsl0on of ,Affordability Covenants SubSlAles for Non- - - 25 IProfil Development _ 26 Community Center Complex 27 B-Pool Renovation 780 424 708,424 28 Sports Center 399 160 399.160 Locker Rooms Retrofit 29 Public Safety Main HVAC Replacement 30 A.B. and L-Park Restroom Renovation 31 Administrative Cost reimbursement 1-1- 14 to 6-30-14 32 City General Fund ,Loan 33 Agreement YAth the City of Rohner[ Park regarding expenditure of excess bond 330,000 330,000 - 101,OD0 101,000 - .400 i 4,081,460 Other Funds Non-Admin _ Admin Available Available RPTTF RPTTF (ROPS 14-158 distributed + all other Net Lesser of Difference (If K is less than L, (ROPS 14.15E distributed + all other Net Lesser of available as of Authorized I the difference Is available as of Authorized I Authorized Actual S Authorized $ 2.970.155 01/1115) $ 2,970.155 Available $ 2,970.155 Actual $ 2,968,119 zero) $ 2,036 Authorized 5 125.000 01/1115) $ 125.000 Available & 125,Ot $ - $ $ $ - $ $ - 5 125,000 125,000 $ 125.000 125,D00 $ _ 298.505 298.505 $ 296,505 298,505 $ _ $ $ - Net SA Non-Admin and Admin PPA (Amount Used to Offset ROPS 15-16B Requested RPTTF) Difference (If total actual exceeds total authorized, the total difference is Net Difference Actual zero) (M+R) $ 125,000 $ $ 2,036 T SA Comments E 0 a a o c N — E E o V 1 u 5 2 v) c g c :L .� M rn co w v co a o = c 1f1 N o U) u. 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