2018/01/29 Successor Agency Oversight Board Resolution (2) RESOLUTION NO. OSB 2018-01
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
CITY OF ROHNERT PARK APPROVING THE ANNUAL
RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
JULY 1,2018—JUNE 30, 2019 ("ROPS 18-19"),PURSUANT TO SECTION 34177 (o) OF
THE CALIFORNIA HEALTH AND SAFETY CODE
WHEREAS, the Redevelopment Dissolution Law (AB 1X 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 (o) 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") in the manner provided by the Department of Finance;
WHEREAS, pursuant to the Dissolution Law, the ROPS for the period of July 1, 2018 to
June 30, 2019 ("ROPS 18-19") must be submitted to the Sonoma County Auditor-Controller-
Treasurer-Tax Collector, State Controller's Office and Department of Finance no later than
February 1, 2018,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 January 23, 2018; 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(o).
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 July 1, 2018 to
June 30, 2019 ("ROPS 18-19") 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-Controller-Treasurer-Tax-Collector, and post the
ROPS on the Successor Agency's website in accordance with Health and Safety Code Section
OAK 14822-8097-41 I0 v4
•
11111)
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 Oversight Board for the Successor Agency
City of Rohnert Park this 29th day of January, 2018.
OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY CITY OF ROHNERT PARK
Mary Grace Pa on, Vice Chair
ATTEST:
9C---(J/14 tL4x2AAsi
V' ie Tacata, Clerk of the Board
Downey: Jolley:7m4iackenzie:AIL Thompson:AttE Zane:A(Q Pawson:1*. Masterson:Ab`5'4
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Rohnert Park Recognized Obligalion payment Schedule (ROPS 18-19) - ROPS Detail
July 1, 2018 through June 30, 2019
Report Amounts in Whole Dollars)
A B C D E F G H I J K L M N O P O R S T U V W
18-19A Jul -December 18-19B(January -June
Fund Sources Fund Sources
Conlracl/Agreemenl Conlracl/Agreement Total Outstanding ROPS 18-19 18-19A 18-19B
Item it Project Name/Debt Obligation Obligation Type Execution Dale Termination Date Payee Descriotion/Project Scope Project Area Debt or Obligation Retired Total Bond Proceeds Rasa" Balance Other Funds RPTTF Admin RPTTF Total Bond Proceeds Ro me Balance Other Funds RPTTF Admin RPTTF Total
$ 91,798,237
$ 5,677,134
$ -
$ -
$ -
$ 2,080,942
$ 125,000
$ 2,205,942
$ 5110,000
$ -
$ -
.E 2845.102
5 125,000
$ 3,471.192
1
1999 Tax Allecnbon Banda
aapd. Js.vd On ar flMm
1127,Mqq$
BJ1r2035
Vmkm Bonk
Banda Issue to fund nop-tMMN
28,185,000
N
$ 930 000
93D.
s 930 000
2
.2001 Tax Allocation Bonds
Bands Issued On or Before
9/25/2001
8/1/2020
Union Bank
Banda refunding issue
1,640,750
N
$ 819,800
$ -
1319,800
$ 819'aw
12/31/10
3
;2007R Tax Allocation Bonds
Bonds Issued On or Before
3128/2007
8/1/2037
Union Bank
(Bonds issue for non -housing projects
29,098,441
N
$ 1,441,018
1,022,884
5 1,022.b84
41E,134
$ 418.134
12/31/10
4
2007H Tax Allocation Bonds
Bonds Issued On or Before
W2812007
27172038
Union Bank
Bonds issue to fund housing projects
18,782,422
N
$ 1,288,982
996,391
$ 996.391
292.591
$ 292,591
12131/10
5
2003 LRRB's 90% Paid by CDC
Bonds Issued On or Before
7/17/2003
7/1l2025
Union Bank
Lease Revenue Refunding Bonds
3,112,065
N
$ 447,334
61,661
$ 61.667
355,661
$ 385,e87
12/31110
6
Adminjslrativa Allowance
Admin Costs
1/1/2014
6/3012014
;City of Rohnert Park
,Support costs (e g , Executive Direclor,
250,000
N
$ 250,000
125,DOD
$ 125.000
125,000
$ 125,000
CFD, Lags. etc).2011-02
32
City General Fund Loan
City/County Loan (Prior
671512000
1I2I2D36
City of Rohnert Park
Loan made by City of Rohnert Park
1,673,834
N
$ -
$
$
D6/28/11 11 Cash exchange
General Fund
35
Agreement with the City of Rohnert
Bond Funded Project— Pre-
9/24/2015
6/30/2016
City of Rohnert Park
Transfer of bond proceeds that will be
9,055,725
N
$ 500,000
$ -
500,000
$ 500,000
Park regarding expenditure of
2011
spent in a future ROPS period
exaass bond promeod5
38
N
S
$
39
N
S
$
5
40
N
$
5
$
41
N
42
N
S
S
S
43
N
S
S
5
441
N
_6
5
s
45
N
$
$
S
4fi
N
s
S
5
411
N
$
$
5
48
N
$
$
$
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