2012/06/04 Successor Agency Oversight Board Resolution 2012-06 •
RESOLUTION NO. OSB 2012-06
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
CITY OF ROHNERT PARK APPROVING THE
AMENDED FIRST RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
JANUARY 1 —JUNE 30,2012, PURSUANT TO SECTION 34177 OF THE
CALIFORNIA HEALTH AND SAFETY CODE
WHEREAS, in accordance with Section 34171(j) of the California Community
Redevelopment Law (Health& Safety Code § 33000 et seq.) ("CRL"), the City Council of the
City of Rohnert Park ("City" or "City Council," as applicable) 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");
WHEREAS, the Successor Agency submitted to the State Department of Finance ("DOF"),
the State Controller, and the Sonoma County Auditor-Controller ("County Auditor") for review
by April 15, 2012, a draft First Recognized Obligation Payment Schedule for the period January
1 through June 30, 2012 ("First ROPS") which was reviewed and approved by the Oversight
Board for the Successor Agency City of Rohnert Park ("Oversight Board") on April 11, 2012;
WHEREAS, since the time the First ROPS was approved by the Oversight Board and
submitted to the County Auditor and DOF, the City has received notification of two obligations
due and payable prior to June 30, 2012 and which were not included in the First Recognized
Obligation Payment Schedule;
WHEREAS, at their meeting of May 22, 2012, the City Council of the City of Rohnert Park
acting as Successor Agency considered and approved an Amended First ROPS which included
the two obligations; and
WHEREAS, in order to make payment on these two financial obligations, the Amended
First ROPS must be approved by the Oversight Board and submitted for review to the County
Auditor and DOF.
NOW, THEREFORE, THE OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY CITY OF ROHNERT PARK DOES RESOLVE AS FOLLOWS:
Section 1. The Oversight Board hereby adopts the Amended First Recognized Obligation
Payment Schedule, attached hereto as Exhibit A.
Section 2. The City Manager is hereby directed to submit the Amended First Recognized
Obligation Payment Schedule to the Sonoma County Auditor-Controller and to take any other
actions that may be required in order to obtain approval, including, without limitation, making
•
amendments to the Amended First Recognized Obligation Payment Schedule required by the
Sonoma County Auditor-Controller.
DULY AND REGULARLY ADOPTED by the Oversight Board for the Successor Agency
City of Rohnert Park this 4th day of June, 2012.
OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY CITY OF ROHNERT PARK
1r
_.-
jvic Chair, Jake Macke e
ATTEST:
Eydie Tacata, Clerk of the Board
AYES: 5 BOARDMEMBERS MACKENZIE
BABONIS
CALVERT
JOLLEY
THOMPSON
NOES: 0
ABSENT: 2 BOARDMEMBERS ZANE
JENKINS
ABSTAIN: 0
OAK#4827-7159-0414 vl
EXHIBIT A
Name of Successor Agency-
City of Rohnert Park
Former Redevelopment Agency
Community Development Commission of the City of Rohnert Park
i
I
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34167 and 34169 (*)
Total Outstanding
Debt or Obligation
as of June 30,
2011
Total Due During
Fiscal Year
I
Payment
Payments by Month (January 1, 2012 through June 30, 2012)
Project Name / Debt Obligation
Payee
Description
Source
January
February
March
April
May
June Total
Bonds issue to fund non -housing projects &
Redevelopment Property
1
1991 Tax Allocation Bonds
20% set -aside
Tax Fund
580,000
580.000
0
Redevelopment Property
2 11999
Tax Allocation Bonds
Bonds issue to fund non -housing projects
Tax Fund
31.880.000
790.000
395,000
395.000
Redevelopment Property
3
2001 Tax Allocation Bonds
Bonds refunding issue
Tax Fund
8,506.306
1.198,102
969,468
969,468
Redevelopment Property
4
2007R Tax Allocation Bonds
Bonds issue for non -housing projects
Tax Fund
38.086.897
1,460,878
486,959
486.959
Redevelopment Property
5
12007H Tax Allocation Bonds
I
Bonds issue to fund housing projects
Tax Fund
25,586,091
1.365.572 1
345,790
345,790
Redevelopment Property
6
2003 LRRS's 90% Paid by CDC
Lease Revenue Refunding Bonds
Tax Fund
5,015.000
488.233
0
Loan from City for acquisition and construction
of Performing Arts Center (CDC Reso No. 2000
Redevelopment Property
7
Performing Arts Center Project
City of Rohnert Park
05)
Tax Fund
3,602.300
276,750
183,375
183,375
Redevelopment Property
8
Community Center Complex
City of Rohnert Park
Ground Lease (CDC Reso No. 2003-08)
Tax Fund
2,699,000
241,000
120,500
120,500
Jan chrg. only - tax
9
City Administration Fee
City of Rohnert Park
Budgeted (Pre -Feb 1, 2012)
increment & set -aside
960,700
960.700
80.058
80,058
Housing & Redevelopment
Tax Increment and
10
Direct Staff Cost
Manager
Administration of Housing & Redevelopment
Housing Set -Aside
3,006.504
111.352
9,279
9.279
Monitoring requirements & other actions
Redevelopment Property
11
'Housing Staff Support
Housing Technician
associated with housing function
Tax Fund
882.000
8,400
2,800
2,800
2,800 8,400
Maintenance costs associated wth housing
Redevelopment Property
12
iHousing Maintenance
City of Rohnert Park
assets (i.e., properties)
Tax Fund
1,456,085
55.120
4.593
4,593
4.593
4,593
4,593 22,965
Under ABx1 26, the costs of the Oversight
Board meetings are required to be paid by
the Successor Agency. No other costs are
required or directed to be paid by the
Successor Agency. However, if such costs
are necessary, they are included as an
Redevelopment Property
13
Oversight Board Meeting Costs
City of Rohnert Park
enforceable obligation.
Tax Fund
715,290
8.475
3.390
3,390
3,390 10,170
14
JAdminsitrative Budget (Successory Agency)
City of Rohnert Park
Support costs (e.g., Executive Director, CFO,
Legal, etc.) 2011-02)
Administrative Cost
Allowance
0
412,044
34,337
34,337
34,337
34,337
34,337 171,685
Redevelopment Property
15
Burke, Williams & Sorensen, LLP
Same
City Attorney CDC Reso No 2010-20)
Tax Fund
546,000
21.000
1 1,750
1.750
1,750
1,750
1,750 8.750
December property tax increment, estimated
Redevelopment Property
16
County Propertv Tax Admin Fee
County of Sonoma
fee
Tax Fund
4.716.117
174,671
4,000
4.000
Estimated distributions for June 1, 2012,
lhcluding revised adminstrative fee to County
Redevelopment Property
17
County Propeq Tax Admin Fee amendment
County of Sonoma
Auditor -Controller
Tax Fund
12,927
12.927
12,927 12,927
Redevelopment Property
18
1 Bank Fees
Union Bank
Bond Issues
Tax Fund
216,000
8,000
817
817
817
817
817
817 4.902
Redevelopment Property
19
Trustee Fees
Union Bank
Bond Issues
Tax Fund
474.660
17.580
8,790
8.790
17.580
20
,Auditing Fees (Financials)
Vavrinek, Trine, Day & Co
LLP
Commission share of auditing costs (City Reso
No. 2011-28)
Redevelopment Property
Tax Fund
216,000
6,000
1.865
1,865
21
,Auditing Fees Dissolution
County of Sonoma
County provided estimate for average cost of
AB26 procedures audit
Redevelopment Property
Tax Fund
0
7,500
3,750
3,750 7.500
Redevelopment Property
22
Willdan Financial Services
Same
Annual continuing disclosure fee TAB
Tax Fund
81,000
3,000
3.000
3,000
3 of 6
EXHIBIT A
Name of Successor Agency:
City of Rohnert Park
Former Redevelopment Agency
Community Development Commission of the City of Rohnert Park
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34167 and 34169
Total Outstanding
Debt or Obligation
as of June 30,
2011
Total Due During
Fiscal Year
I
Payment
Payments by Month (January 1, 2012 through June 30, 2012)
Project Name / Debt Obligation
Payee
Description
Source
January
February
March
April
May
June
Total
23
,Arbitrage Refund on Bond Issuance
Internal Revenue Service
Arbitrage rebate liability
Redevelopment Property
Tax Fund
192.183
192,183
192,183
192,183
24
Wass -through Obligation
County of Sonoma
Estimated pass through payments for 11/12 tax
'year- Health & Safety 33401
Redevelopment Property
Tax Fund
96,799,534
3,612,949
0
25
1 Pass -through Obligation
County of Sonoma
Estimated pass through payments for 11/12 -
Health & Safety 33676
Redevelopment Property
Tax Fund
40.778,640
1,542,644
0
26
Fund Contribution
CourseCo.
Golf course CIP Fund contribution per Lease
Agmt w/CourseCo. (Term May2021)
Redevelopment Property
Tax Fund
228.490
22,849
1,904
1.904
1.904
1,904
1,904
1,904
11,424
27
'Vida Neuva
Committee on the
Shelterless (COTS)
Supportive services to residents of the Vida
Neuva project (term 5 yrs - reso #2006-09)
Redevelopment Property
Tax Fund
75.000
75.000
1
1 0
28
Affordable Housing Loan
Sonoma County Community
Development Commission
7982 Santa Barbara Dr
Redevelopment Properly
Tax Fund
117,563
0
29
Affordable Housing Loan
Sonoma County Community
Development Commission
746 Brett Avenue
Redevelopment Property
Tax Fund
116.438
0
30
Feasibility Study related to affordable housing
obligations
;Seifel Consulting (Bond
proceeds - reimbursement)
Development Feasibility Study of (2) sites (CDC
Reso No. 2010-17)
Housing Bond Proceeds
39.717
39,717
5.324
4,610
4,610
4,610
4.610
23.764
31
Community Center Fountain
(Project # 2010-10)
'Various consultant
payees/Bonds proceeds -
reimbursement
Demolition the Community Center Fountain
Bond Proceeds
47,403
1,112
1,112
1.112
32
Southwest Station (Projection No.
2010-13)
DAMA Construction and
Winzler and Kelly (Bond
Proceeds - Reimbursement)
Demolition, expenses for consultant & staff
time. Done under Public Improvement &
Affordable Housing Reimbursement Agreement
(CDC Reso No. 2011-02)
Bond Proceeds
14,175
14,175
14.175
14,175
33
PAC, Sports & Community Ctr (Project # 2010-
14)
Johnny Chung - Consultant
Svcs
Retrofit Studies. Expenses for staff time. Done
under Public Improvement & Affordable
Housing Reimbursement Agreemeni(_CDC
Reso No. 2011-02)
Bond Proceeds
30,151
30,151
9,145
9,145
34
Recreational & Community Facility
Improvements (Project # 2011-01)
.Applied Development
Economics, SSA Landscape
.Architect, Bowman &
Williams, Johnnie Chung and
staff time through January
Feasibility Studies. Expenses for consultants
and staff time. Done under Public Improvement
& Affordable Housing Reimbursement
Agreement (CDC Reso No. 2011-02)
Bond Proceeds
69,065
69,065
39.766
23.145
6,979
69,890
Totals - This Page
269.747,236
13,809,149
401.2571
2.314,291
71.156
73,970
66,741
258.451
3.185,866
Totals - Other Obligations
22,406,229
0
0
0
1 0
0
0
1 0
0
Totals - All Pages
292.153.465]1
13,809,14911
401.2571F
2,314,291
71,156F
73.970
66,741
258,451
3,185,866
4of6
EXHIBIT A
Name of Successor Agency:
City of Rohnert Park
.Former Redevelopment Agency
Community Development Commission of the City of Rohnert Park
AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE - OTHER OBLIGATIONS
Per AB 26 - Section 34167 and 34169 (*)
I
Total Outstanding Debt
or Obli ation
Total Due During
Fiscal Year
Payee
Payment
Payments by month
Project Name / Debt Obligation
Description
Source
January
February
March
April
May
June
Total
Various improvements to Community
Center Campus as recommended by the
Consultants & City of
Feasibility Study (see item #21- page 1)
Rohnert Park
including energy savings improvements,
Reimbursement for Staff
redesign of the center plaza area,
1)
Rohnert Park Community Center
Improvements
Time Chargeable to
Projects
development of adjacent vacant lot and
other phased projects.
2,433,673.00
Bond Proceeds
0.00
$
Improve recreational and community
facilities serving the Project Area.
Consultants & City of
Several projects have been identified
Rohnert Park
including an acquatics facility,
Reimbursement for Staff
water/spray parks and all-weather sports
Recreational and Communty Facilities
Time Chargeable to
fields. Feasibility studies are underway
2
Improvements
Projects
(see item #22 - page 1).
3,140,935.00
Bond Proceeds
0.00
$ -
Consultants & City of
Rohnert Park
Program will provide low interest loans
Reimbursement for Staff
for fagade improvements and
3)
Commercial Building Improvement
Proaram
Time Chargeable to
Proiects
commercial rehabilitation of commercial
properties withinn the Project Area.
1,605,000.00
Bond Proceeds
0.00
$ -
Modification of an existing City -owned
Consultants & City of
building to utilize it as a temporary fire
Rohnert Park
station to service portions of the Project
Reimbursement for Staff
Area. Facility will provide service until
4),TemporaFy
Fire Station Facility
Time Chargeable to
Projects
such time as funding is available for a
permanent facility.
267,500.00
Bond Proceeds
0.00
$
Consultants & City of
—
Rohnert Park
Reimbursement for Staff
Based on Corridor Plan, develop
5)
Community Sign Program
Time Chargeable to
Projects
functional signage for major streets and
maior attractions.
377,571.00
Bond Proceeds
0.00
$ -
Consultants & City of
Rohnert Park
Programs provides assistance to
Reimbursement for Staff
residential property owners for
6)
Neighborhood Beautification Program
Time Chargeable to
Projects
improvements such as painting,
landscaping and other improvements.
30,000.00
LMIHF
0.00
$
Redevelop former City Hall site and two
Consultants & City of
contiguous parcels (6230 Commerce
Rohnert Park
Blvd., 100 and 120 Avram Avenue)
Reimbursement for Staff
based on findings made in feasibility
7)
Avram Development/Former City Hall F
Time Chargeable to
Projects
study related to affordable housing
obligations.
4.731.540.00
Housing Bond
Proceeds
0.00
$ -
Consultants & City of
Rohnert Park
Redevelop property with 17 very -low
Reimbursement for Staff
income housing units or an alternative
8)
Southwest Fire Station Reuse
Time Chargeable to
Projects
use focused on creating a public
assistance site.
2,140,000.00
Housing Bond
Proceeds
0.00
$ -
5 of 6
EXHIBIT A
Name of Successor Agency:
Citj of Rohnert Park
I f
I
Former Redevelopment Agency
Community Development Commission of the City of Rohnert Park
I
j AMENDED RECOGNIZED OBLIGATION PAYMENT SCHEDULE - OTHER OBLIGATIONS
Per AB 26 - Section 34167 and 34169 (*)
- - -
Project Name / Debt Obligation
—
Payee
Total Outstanding Debt
or Obligation
Total Due During
Fiscal Year
—
Description
Payment
Payments by month
Source
January
February
March
April
May
June
Total
Consultants & City of
Rohnert Park
Reimbursement for Staff
Time Chargeable to
Provide rehabilitation loans to low and
9)
Rohnert Park Housing Rehabilitation L
Projects
very -low income households.
535,000.00
LMIHF
0.00
$
Provide financial assistance for health
and safety repairs to homes occupied by
low-income families with children,
seniors and disabled individuals.
Provide one-time rental assistance to
Consultants & City of
eligible residents experiencing financial
Rohnert Park
difficulty. Provide rental subsidy for low
Reimbursement for Staff
and very -low income individuals/families
Time Chargeable to
living in CDC -owned, COTS -managed
10)
Assistance to Community Based Orgar
Projects
Transitional and Shared Living homes.
843,000.00
LMIHF
0.00
$
Consultants & City of
Rohnert Park
Housing Element identifies this site for
Reimbursement for Staff
redevelopment of mixed -use housing
Time Chargeable to
with 12 affordable housing units; 4 very-
Housing Bond
11)
Southwest Boulevard Shop ing Center
Projects
ow income and 8 low-income units.
1,840,400.00
Proceeds
0.00
$
Consultants & City of
Rohnert Park
Purchase affordability covenants to
Reimbursement for Staff
restrict occupancy of Rohnert Park rental
Time Chargeable to
units for 55 years to low and very -low
Housing Bond
12)
Acquisition of Affordability Covenants
Projects
income households.
1,161,610.00
Proceeds
0.00
$
Consultants & City of
Rohnert Park
Provide subsidies to non-profit
Reimbursement for Staff
developers to increase affordable
Time Chargeable to
housing opportunities within the Project
Housing Bond
13
Subsidies for Non -Profit Development
Proiects
Area and Citv.
3.300.000.00
Proceeds
0.00
$
Totals - Other Obligations
$ 22,406,229.00 $ -
6 of 6