2012/05/07 Successor Agency Oversight Board Resolution 2012-05 1 , • •
RESOLUTION NO.OSB 2012-05
A RESOLUTION OF THE OVERSIGHT BOARD FOR THE SUCCESSOR AGENCY
CITY OF ROHNERT PARK APPROVING THE RECOGNIZED OBLIGATION
PAYMENT SCHEDULE OF THE SUCCESSOR AGENCY CITY OF ROHNERT
PARK FOR THE PERIOD JULY 1 — DECEMBER 31,2012
WHEREAS, Section 34177 (I)(2) of the Health and Safety Code requires the City of
Rohnert Park as the successor agency to the former Community Development Commission of the
City of Rohnert Park ("Successor Agency") to submit to the State Department of Finance
("DOF"), the State Controller, and the Sonoma County Auditor-Controller ("County Auditor")
for review, by May 1 I, 2012, a Recognized Obligation Payment Schedule for the period July 1
through December 31, 2012, that has been certified by the Sonoma County Auditor-Controller as
to their accuracy based on an audit and that have been reviewed and approved by the Oversight
Board for the Successor Agency City of Rohnert Park("Oversight Board");
WHEREAS, it is not clear that the Sonoma County Auditor-Controller will be able to
complete its review of the Recognized Obligation Payment Schedules in sufficient time for the
Oversight Board to review and approve and the Successor Agency to submit them to DOF, the
State Controller and the County Auditor prior to the May 11, 2012 deadline;
WHEREAS, in order to facilitate DOF's ability to make timely payments to successor
agencies and taxing agency by June 1, 2012, as required by Health and Safety Code Section
34183(a), DOF has advised that where county auditor-controllers are unable to certify draft
recognized obligation payment schedules in sufficient time for oversight boards to review and
approve them for submittal to DOF, the State Controller and the county auditor-controllers
within the applicable deadlines, successor agencies should, within the applicable timelines,
submit the uncertified ROPS to their oversight boards for review and approval and submittal to
DOF, State Controller and county auditor-controllers.
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 July 1 through
December 31, 2012, in the form attached to this resolution and incorporated herein by reference,
are hereby approved.
Section 2.. The staff of the Successor Agency is hereby directed to submit each ROPS to
the State Department of Finance, the State Controller and the Sonoma County Auditor-Controller
and post each ROPS on the Successor Agency's website in accordance with Health and Safety
Code Section 34177(1)(2)(C), and to cooperate with DOF to the extent necessary to obtain DOF's
acceptance of each ROPS, including, if necessary, making modifications to a ROPS determined
by the Successor Agency's City Manager to be reasonable and financially feasible to meet its
legally required financial obligations.
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3. Upon the Successor Agency's receipt of a certified ROPS from the County Auditor,
and provided the certified ROPS did not require substantial changes from the ROPS approved by
this resolution, the Board deems the certified ROPS approved by the Oversight Board and the
Successor Agency is hereby authorized and directed to submit the certified ROPS to DOF, the
State Controller and the County Auditor for review. If the certified ROPS is substantially
different from the ROPS approved by this resolution, the Successor Agency is hereby directed to
submit the certified ROPS to the Oversight Board for review and approval prior to its submittal
to DOF, the State Controller and the County Auditor for review.
DULY AND REGULARLY ADOPTED this 44.'day of Mal , 2012.
OVERSIGHT BOARD FOR THE SUCCESSOR
AGENCY CITY ` ' e HNERT PARK
' wii...-44.044-AIL,_.
S irlee - e, Chair
ATTEST:
Eydie Tacata, Clerk of the Board
AYES: 7 BOARDMEMBERS ZANE
BABONIS
CALVERT
JENKINS
JOLLEY
MACKENZIE
TROMP SON
NOES: 0
ABSENT: 0
ABSTAIN: 0
OAK#4838-5492-2255 v3
3/30/12 2
Ir ~
Name of Successor Agency:
City of Rohnert Park
Former Redevelopment Agency
Community Development Commission of the City of Rohnert Park
PAYMENT SCHEDULE
SECOND DRAFT RECOGNIZED OBLIGATION
Per AB 26 - Section 34167 and 34169 (*)
1
Total Outstanding
Debt or Obligation
Total Due During
Payment
Payments by Month (July 1, 2012 through December 31, 2012)
Project Name / Debt Obligation
Payee
Description
Source
as of June 30. 2012
Fiscal Year
July
August
September
October
November
December Total
Bonds issue to fund non -housing projects & 20%
Redevelopment Property
1
1991 Tax Allocation Bonds
set -aside
Tax Fund
Paid off
0
Redevelopment Property
2
1999 Tax Allocation Bonds
Bonds issue to fund non -housing projects
Tax Fund
31.880.000
790.000
395,000
395.000
Redevelopment Property
3
1.2001 Tax Allocation Bonds
Bonds refunding issue
Tax Fund
8.506,306
1,198,102
968,268
968.268
Redevelopment Property
4
2007R Tax Allocation Bonds
Bonds issue for non -housing projects
Tax Fund
38,086.897
1,460.878
973.919
973.919
Redevelopment Property
5
2007H Tax Allocation Bonds
Bonds issue to fund housing projects
Tax Fund
25,586.091
1.365,572
853,281
853.281
Redevelopment Property
6
2003 LRRB's 90% Paid by CDC
Lease Revenue Refunding Bonds
Tax Fund
5,015.000
488,233
343,455
343,455
Loan from City for acquisition and construction of
Redevelopment Property
7
Performing Arts Center Project
City of Rohnert Park
Performing Arts Center (CDC Reso No. 2000-05)
Tax Fund
3,602,300
276,750
89.325 89.325
Redevelopment Property
8
Community Center Complex
City of Rohnert Park
Ground Lease (CDC Reso No. 2003-08)
Tax Fund
2.458.000
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
0
Pd /NA
0
0
Housing & Redevelopment
Tax Increment and
10
Direct Staff Cost
Manager
Administration of Housing & Redevelopment
Housing Set -Aside
0
0
0
0
Monitoring requirements & other actions
Redevelopment Property
11
1 Housing Staff Support
Housing Technician
associated with housing function
Tax Fund
873,600
33,600
2,800
2,800
2,800
2.800
2.800
2.800 16,800
Maintenance costs associated with housing
Redevelopment Property
12
Housing Maintenance
City of Rohnert Park
assets (i.e., properties )
Tax Fund
1,433,120
55,120
4,593
4,593
4,593
4.593
4.593
4,593 27,558
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
705.120
27,120
1.695
1.695
1,695
1,695
3,390
3.390 13,560
;Support costs (e.g., Executive Director, CFO,
Administrative Cost
14
Adminsitrative Budget (Successor Agency)
City of Rohnert Park
(Legal, etc.) 2011-02)
Allowance
10.713.144
412,044
34,337
34,337
34,337
34,337
34,337
34,337 206,022
Redevelopment Property
15
Burke, Williams & Sorensen, LLP
Same
'City Attorney (CDC Reso No 2010-20)
Tax Fund
546.000
21.000
1.750
1,750
1,750
1,750
1,750
1,750 10,500
Redevelopment Property
16
lCounty Property Tax Admin Fee
County of Sonoma
(December property tax increment, estimated fee
Tax Fund
4.541,446
174.671
170,671 170,671
Redevelopment Property
17
Bank Fees
Union Bank
Bond Issues
Tax Fund
208,000
8,000
667
667
667
667
667
667 4,002
Redevelopment Property
18
Trustee Fees
Union Bank
Bond Issues
Tax Fund
457,080
17.580
1,465
1,465
1,465
1.465
1,465
1.465 8,790
'Vavnnek, Trine, Day & Co
Commission share of auditing costs (City Reso
Redevelopment Property
19
Auditing Fees (Financials)
LLP
No. 2011-28)
Tax Fund
208.000
8,000
4.000 4.000
,County provided estimate for average cost of
Redevelopment Property
20 lAuditing
Fees (Dissolution)
County of Sonoma
.audit
Tax Fund
0
7.500
0
Redevelopment Property
21
Willdan Financial Services
Same
Annual continuing disclosure fee TAB
Tax Fund
78,000
3,000
3,000
3,000
Estimated pass through payments for tax year -
Redevelopment Property
22
Pass -through Obligation
County of Sonoma
Health & Safety 33401
Tax Fund
95,186,585
3,612,949
3,612,949 1 3,612,949
Estimated pass through payments for - Health &
Redevelopment Property
23
Pass -through Obligation
County of Sonoma
Safety 33676
Tax Fund
39.235,996
1,542.644
1,542,644 1,542,644
Name of Successor Agency:
Ci of Rohnert Park
Former Redevelopment Agency
Community Development Commission of the City of Rohnert Park
I
SECOND DRAFT RECOGNIZED OBLIGATION
PAYMENT SCHEDULE
Per AB 26 - Section 34167 and 34169 (*)
I
Description
Total Outstanding
Debt or Obligation
as of June 30, 2012
Total Due During
Fiscal Year
Payment
Payments by Month (July 1, 2012 through December 31, 2012)
Project Name / Debt Obligation
Payee
Source
July
August
September
October
November
December
Total
24
Fund Contribution
CourseCo.
Golf course CIP Fund contribution per Lease
Agmtw/CourseCo (Term May 2021)
Redevelopment Property
Tax Fund
205,641
22,849
1,904
1,904
1,904
1,904
1,904
1,904
11,424
25
'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
75,000
75.000
26
Affordable Housing Loan
Sonoma County Community
Development Commission
7982 Santa Barbara Dr
Redevelopment Property
Tax Fund
117,563
117.563
0
27
,Affordable Housing Loan
Sonoma County Community
Development Commission
746 Brett Avenue
Redevelopment Property
Tax Fund
116,438
116,438
0
28
Feasibility Study related to affordable housing
obligations
Seifel Consulting (Housing
Bond proceeds -
reimbursement)
Development Feasibility Study of (2) sites (CDC
Reso No. 2010-17)
Housing Bond Proceeds
Projects closed
0
0
0
0
.0
0
0
29
Community Center Fountain
(Project # 2010-10)
Various consultant
payees/Bonds proceeds -
reimbursement
Demolition the Community Center Fountain
Bond Proceeds
Projects closed
0
0
0
0
0
0
0
30
Southwest Station (Project 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
Projects closed
0
0
0
0
0
0
0
31
PAC, Sports & Community Ctr (Project #
2010-14)
Johnny Chung - Consultant
Svcs
Retrofit Studies. Expenses for staff time. Done
under Public Improvement & Affordable Housing
Reimbursement Agreement (CDC Reso No.
2011-02)
Bond Proceeds
Projects closed
1 0
0
0
0
01
0
0
32
Recreational & Community Facility
Improvements (Project# 2011-01)
Applied Development
Economics, SSA Landscape
Architect, Bowman &
Williams, Johnnie Chung and
1 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
Projects closed
0
0
0
0
0
0
0
Totals - This Page
269.835.327
12.075,613
3,263.134
447,211
49.211
49,211
50,906
1 5,590,995
9,450,668
Totals - Other Obligations
22.406,229
0
1 01
0
1 0
1 01
01
0
1 0
Totals -All Pages
292,241,556
12,075,613
3,263,134
447,211
49,211
49,211
1 50,90611
5,590.99511
9,450,668
Name of Successor Agency: iCity of Rohnert Park
Former Redevelopment Agency _Community
Development Commission of the City of Rohnert Park
SECOND DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
- OTHER OBLIGATIONS
Per AB 26 - Section 34167 and 34169 (*)
Total Outstanding
Total Due During
Payment
Payments by Month (July 1, 2012 through December 31, 2012)
Project Name / Debt Obligation
Payee
Description
Debt or Obliaation
Source
Fiscal Year
July
August
September
October
November December 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,
Rohnert Park Community Center
Time Chargeable to
development of adjacent vacant lot and
1)
Improvements
Projects
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
Commercial Building Improvement
Time Chargeable to
commercial rehabilitation of commercial
3)
Program
Proiects
properties withinn the Proiect 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
Time Chargeable to
such time as funding is available for a
4)
Temporary Fire Station Facility
Projects
permanent facility.
267.500.00
Bond Proceeds
0.00
$
Consultants & City of
Rohnert Park
Reimbursement for Staff
Based on Corridor Plan, develop
Time Chargeable to
functional signage for major streets and
5)
Community Sign Program
Projects
major attractions.
377,571.00
Bond Proceeds
0.00
$ -
Consultants & City of
Rohnert Park
Programs provides assistance to
Reimbursement for Staff
residential property owners for
Time Chargeable to
improvements such as painting,
6)
Neighborhood Beautification Program
Projects
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
Avram Development/Former City Hall
Time Chargeable to
study related to affordable housing
Housing Bond
7)
Reuse
Proiects
obligations.
4,731,540.00
Proceeds
0.00
$
Consultants & City of
Rohnert Park
Redevelop property with 17 very -low
Reimbursement for Staff
income housing units or an alternative
Time Chargeable to
use focused on creating a public
Housing Bond
8)
Southwest Fire Station Reuse
Proiects
I assistance site.
2.140.000.00
Proceeds
0.00
$ -
Name of Successor Agency: City of Rohnert Park
Former Redevelopment Agency Community Development Commission of the City of Rohnert Park
- OTHER OBLIGATIONS
SECOND DRAFT RECOGNIZED OBLIGATION PAYMENT SCHEDULE
Per AB 26 - Section 34167
and 34169 (*)
I
Total Outstanding
Total Due During
Payment
Payments by Month (July 1, 2012 through December 31,
2012)
Project Name / Debt Obligation
Payee
Description
Debt or Obligation
Source
Fiscal Year
July
August
September
October
November
December
Total
Consultants & City of
Rohnert Park
Reimbursement for Staff
Rohnert Park Housing Rehabilitation
Time Chargeable to
Provide rehabilitation loans to low and
9)
Loan Program
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
Assistance to Community Based
Time Chargeable to
living in CDC -owned, COTS -managed
10)
Organizations
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
Southwest Boulevard Shopping Center
Time Chargeable to
with 12 affordable housing units; 4 very-
Housing Bond
11)
Site
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
Projects
Area and City.
3,300,000.00
Proceeds
0.00
$ -
I
I
I
I
I
Totals -Other Obligations
$ 22,406,229.00
$ $
$
$ -
$ -
$
$
$ -