2023/01/24 City Council Resolution 2023-002RESOLUTION NO.2023-002
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK AS
SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION OF
THE CITY OF ROHNERT PARK APPROVING THE
ANNUAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE FOR
JULY 1, 2023 — JUNE 30, 2024 ("ROPS 23-24"), PURSUANT TO SECTION 34177 (o) OF
THE CALIFORNIA HEALTH AND SAFETY CODE
WHEREAS, in accordance with Section 34173 of the California Community Redevelopment
Law (Health & Safety Code § 33000 et seq.) ("CRL"), the City of Rohnert Park is the Successor
Agency to the former Community Development Commission of the City of Rohnert Park
("Commission"), and is responsible for, among other things, winding down the dissolved
Commission's affairs, continuing to meet the Commission's enforceable obligations, overseeing
completion of redevelopment projects and disposing of the assets and properties of the
Commission, all as directed by the oversight board created pursuant to Section 34179 of the CRL
("Oversight Board"); and
WHEREAS, Section 34177(o) of the Health and Safety Code requires the City of Rohnert
Park as the successor agency to submit to the State Department of Finance ("DOF") and the
Sonoma County Auditor -Controller -Treasurer -Tax -Collector ("County Auditor") an Oversight
Board approved Recognized Obligation Payment Schedules ("ROPS"); and
WHEREAS, pursuant to Section 34177(o), the ROPS for the period of July 1, 2022 to June
30, 2023 ("ROPS 22-23") shall be submitted to the Sonoma County Auditor -Controller
Treasurer -Tax- Collector and Department of Finance no later than February 1, 2022 after
approval by the Oversight Board; and
WHEREAS, successor agency staff have prepared the attached ROPS as required pursuant
to Health and Safety Code Section 34177(o).
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROHNERT PARK
AS SUCCESSOR AGENCY TO THE COMMUNITY DEVELOPMENT COMMISSION
OF THE CITY OF ROHNERT PARK DOES RESOLVE AS FOLLOWS:
Section 1. The Recognized Obligation Payment Schedule for the period July 1, 2023 to June
30, 2024 ("ROPS 23-24") in the form attached to this resolution and incorporated herein by
reference is hereby approved.
Section 2. The staff of the Successor Agency is hereby directed to submit the ROPS to the
Countywide Oversight Board for approval, and after the ROPS receives such approval, thereafter
to the DOF, the State Controller, and the County Auditor and post the ROPS on the Successor
Agency's website in accordance with Health and Safety Code Section 34177(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 legally
required financial obligations.
DULY AND REGULARLY ADOPTED by the City Council of the City of Rohnert Park as
Successor Agency to the Community Development Commission of the City of Rohnert Park this
24th day of January 2023.
ATTEST:
i�zabeth Machado, Assistant City Clerk
Attachments: Exhibit A
CITY OF ROHNERT PARK
ELWARD: Oj P GIUDICE: SANBORN: J�sge HOLLINGSWORTH ADAMS: Abserri RODRIGUEZ: J�jde
1 AYES: (4 1 NOES: ABSENT: ( ) ABSTAIN: (j )
Resolution 2023-002
Page 2
Recognized Obligation Payment Schedule (ROPS 23-24) - Summary
Filed for the July 1, 2023 through June 30, 2024 Period
Successor Agency: Rohnert Park
County: Sonoma
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
A Enforceable Obligations Funded as Follows (B+C+D)
B Bond Proceeds
C Reserve Balance
D Other Funds
E Redevelopment Property Tax Trust Fund (RPTTF) (F+G)
F RPTTF
G Administrative RPTTF
H Current Period Enforceable Obligations (A+E)
Certification of Oversight Board Chairman:
Pursuant to Section 34177 (o) of the Health and Safety
code, I hereby certify that the above is a true and
accurate Recognized Obligation Payment Schedule for
the above named successor agency.
23-24A Total 23-24B Total ROPS 23-24
(July - (January - Total
December) June)
$ 3,007,584 $
294,209
$ 3,301,793
3,007,584
$ 125,000 $
294,209
125,000
3,301,793
$ 250,000
125,000
125,000
250,000
$ 3,132,584 $
419,209
$ 3,551,793
(C0elOL'Cg � GiCG�G T pit �i(NG� �1 :ACT �
Name Title
2/2 3'
ignature Date
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 23-24) - ROPS Detail
July 1, 2023 through June 30, 2024
A
B
I C
D
E
F
G
H
I
J
K
L M N O P
Q
R I S I T, U V
W
ROPS 23-24A (Jul - Dec)
ROPE 23346 (44a-Jw)
Item
Obligation
Agwrnent
Agreement
Total
ROPS
Fund Sources
23-24A
Fund Sources
23-24B
#
Project Name
Type
Ewullon
Tamllnrkion
Payee
Description
Project Area
Outstanding
Obligation
IRefred
23.24
Total
Bond
ReYer"
Otrmr
Admin
Total
Band
Raservo
Other
RPTTF
Admin
Tatal
Date
Date
Proceeds
Balance
Funds
Rp TF
RPTTF
Proceeds
(Balance
Funds
RPTTF
1643.501,784
$3.551.793
:63.007.584
$S
$•
$.
5125.000
$3,13ZW4
9244;208
$-
$-
$-
5125,0W
$41iUM
1
1999 Tax
Bonds
01/271
438/01/2035
US
Sondsissue
Rohnert Park
22.815,000
N
$1,755,000
1,755,000
•51,755.000
-
$-
.Allocation
Issued
1999
Bank
to fund non-
Redevelopment
Bonds
On or
housing
Project Area
Before
projects
12/31/10
6
Aomirim"stpva
Admin
01/011
I06/30/2037
City of
Adminbtraove
Rohnert Park
250,000
N
$250,000
-
125,000
$125,000
-
125,000
$125,000
,Allowance
Costs
2014
Rohnert
support casts
Redevelopment
IPark
Project Area
32
-City General
City/
06/15/
101/02/2036
City of
I-oan made
Rohnert Park
N
$-
$.
-
$-
Fund Loan
County
2000
Rohnert
by City of
Redevntopmen!
Loan
(Park
(Rohnert Park
Project Area
(Prior 06/
General Fund
28111),
Cash
exchange
38
2018 CDC
Bonds
05/01/
108/01/2037
NS
(Bonds
20.436.784
N
$1.546.793
1,252,584
-
$1,252,584
294,209
-
-
5294.209
TexAllocation
Issued
2018
IBanK
(refunding
Refunding
After 121
Issue
Bonds
31110
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 23-24) - Report of Cash Balances
July 1, 2020 through June 30, 2021
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other
funding source is available or when payment from property tax revenues is required by an enforceable obligalion.
A B
C D E F G
H
Fund Sources
Bond Proceeds
Reserve Balance
Other Funds
RPTTF
Prior ROPS
ROPS 20-21 Cash Balances
RPTTF and
Comments
(07101/20 - 06/30/21)
Bonds issued
Bonds issued
Reserve
Rent, grants,
Nan-Admin
on or before
on or after
Balances retained
interest, etc.
and Admin
12/31/10
01/01/11
for future
period(s)
1 Beginning Available Cash Balance (Actual 07/01/20) 1,780,639 1,907,674 98,667 last three approved annual ROPS (ENTER
RPTTF amount should exclude "A" period distribution PPA # FROM LAST PAGE TABLE) 20-21,
amount. 21.22 and 22-23
2 Revenue/Income (Actual 06/30121)
741
23,046
4,872,169
Col F FY 20-21 Interest; Col G - 20-21A & B +
RPTTF amount should tie to the ROPS 20-21 total
01 & 2 interest & RSA Interest, See RPTTF
distribution from the County Auditor -Controller
distribution for revenues below
3 Expenditures for ROPS 20-21 Enforceable Obligations
25,639
290,010
4.346.689
Cot F used PY reclassifications FY20-21
(Actual 06/30/21)
ROPS Determination letter: Col G - 20-21a &
B + Q1 expenditure Debt service pymnts,
Admin Srvcs & Authorized City Loan
repaymni).
4 Retention of Available Cash Balance (Actual 06/30121)
1,755,741
27,475
62,875
Col C - Bond Reserves held by Trustee; Col F
RPTTF amount retained should only include the amounts
- reclassifed on determination letter.; Col G
distributed as reserve for future period(s)
see ROPS 2022-23 determ letter; for cash bal
19-20
5 ROPS 20-21 RPTTF Prior Period Adjustment
No entry required
851,282
PPA 22-23 Total Difference between what
RPTTF amount should He to the Agency's ROPS 20-21 PPA
was authorized and actual
form submitted to the CAC
Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) may be listed as a source of payment on the ROPS, but only to the extent no other
funding source is available or when payment from property tax revenues is required by an enforceable obligation.
A B
C D E F G
H
Fund Sources
Bond Proceeds
Reserve Balance
Other Funds
RPTTF
I
Prior ROPS
ROPS 20-21 Cash Balances
RPTTF and
Comments
(07/01120 - 06/30/21)
Bonds issued Bonds issued
Reserve
Rent, grants,
Non-Admin
on or before on or after
Balances retained
interest, etc
and Admin
12/31/10 01/01/11
for future
period(s)
�SE,dlngtActual Available Cash Balance (06/30121)
S
S
$-
$1,613,235toF(12-3-4),G=(1+2-3-4-5]
Item #
32
38
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 23-24) - Notes
July 1, 2023 through June 30, 2024
Notes/Comments