2024/01/09 City Council Resolution 2024-004 RESOLUTION NO. 2024-004
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, 2024—JUNE 30, 2025 ("ROPS 24-25"), 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, 2024 to June
30, 2025 ("ROPS 24-25") shall be submitted to the Sonoma County Auditor-Controller Treasurer-
Tax- Collector and Department of Finance no later than February 1, 2024 after approval by the
Oversight Board; and
WHEREAS, Successor Agency staff have prepared the attached ROPS 24-25 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 I. The Recognized Obligation Payment Schedule for the period July 1, 2024 to June
30, 2025 ("ROPS 24-25") 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 ROPS 24-25 to the
Countywide Oversight Board for approval, and after ROPS 24-25 receives such approval,
thereafter to the DOF, the State Controller, and the County Auditor and post ROPS 24-25 on the
Successor Agency's website in accordance with Health and Safety Code Section 34177(1)(2)(C),
and to request a meet and confer and cooperate with DOF to the extent necessary to obtain DOF's
acceptance of ROPS 24-25, correct clerical errors or omissions including, if necessary, making
modifications to ROPS 24-25 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
9`h day of January 2024.
CITY OF ROHNERT PARK
Susan H. Adams, Ma r
ATTEST:
Sylvia opez Cuevas, C• Clerk -- c
Attachments: Exhibit A `
ELWARD: RODRIGUEZ: SANBORN:_ GIUDICE: ADAMS: irtyr
AY : ( 6) NOES:ABSENT: ( STAIN:
Resolution 2024-004
Page 2 of 2
Recognized Obligation Payment Schedule (ROPS 24-25) - Summary
Filed for the July 1, 2024 through June 30, 2025 Period
Successor Agency: Rohnert Park
County: Sonoma
Current Period Requested Funding for Enforceable
Obligations (ROPS Detail)
24-25A Total
(July -
December)
24-25B Total
(January -
June)
ROPS 24-25
Total
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) $ 3,154,209 $ 394,709 $ 3,548,918
F RPTTF 3,029,209 269,709 3,298,918
G Administrative RPTTF 125,000 125,000 250,000
H Current Period Enforceable Obligations (A+E) $ 3,154,209 $ 394,709 $ 3,548,918
Certification of Oversight Board Chairman:
Name Title
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. /s/
Signature Date
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 24-25) - ROPS Detail
July 1, 2024 through June 30, 2025
A B C D E F G H I J K L M N O P Q R S T U V W
Item
# Project Name Obligation
Type
Agreement
Execution
Date
Agreement
Termination
Date
Payee Description Project Area
Total
Outstanding
Obligation
Retired
ROPS
24-25
Total
ROPS 24-25A (Jul - Dec)
24-25A
Total
ROPS 24-25B (Jan - Jun)
24-25B
Total
Fund Sources Fund Sources
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
Bond
Proceeds
Reserve
Balance
Other
Funds RPTTF Admin
RPTTF
$40,199,991 $3,548,918 $- $- $- $3,029,209 $125,000 $3,154,209 $- $- $- $269,709 $125,000 $394,709
1 1999 Tax
Allocation
Bonds
Bonds
Issued
On or
Before
12/31/10
01/27/
1999
08/01/2035 US
Bank
Bonds issue
to fund non-
housing
projects
Rohnert Park
Redevelopment
Project Area
21,060,000 N $1,755,000 - - - 1,755,000 - $1,755,000 - - - - - $-
6 Administrative
Allowance
Admin
Costs
01/01/
2014
06/30/2037 City of
Rohnert
Park
Administrative
support costs
Rohnert Park
Redevelopment
Project Area
250,000 N $250,000 - - - - 125,000 $125,000 - - - - 125,000 $125,000
38 2018 CDC
Tax Allocation
Refunding
Bonds
Bonds
Issued
After 12/
31/10
05/01/
2018
08/01/2037 US
BanK
Bonds
refunding
issue
18,889,991 N $1,543,918 - - - 1,274,209 - $1,274,209 - - - 269,709 - $269,709
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 24-25) - Report of Cash Balances
July 1, 2021 through June 30, 2022
(Report Amounts in Whole Dollars)
Pursuant to Health and Safety Code section 34177 (l), 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
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
1 Beginning Available Cash Balance (Actual 07/01/21)
RPTTF amount should exclude "A" period distribution
amount.
1,755,741 1,613,235 63,022 Col F & G - last three approved annual ROPS
(ENTER PPA # FROM LAST PAGE TABLE)
21-22, 22-23 and 23-24
2 Revenue/Income (Actual 06/30/22)
RPTTF amount should tie to the ROPS 21-22 total
distribution from the County Auditor-Controller
1,554 19,919 3,497,964 Col F FY 21-22 Interest; Col G - 21-22A & B +
Q1 & 2 interest & RSA Interest, See RPTTF
distribution for revenues below
3 Expenditures for ROPS 21-22 Enforceable Obligations
(Actual 06/30/22)
741 52,580 3,549,773 Col F used PY reclassifications FY21-22
ROPS Determination letter: Col G - 21-22a &
B + Q1 expenditure Debt service pymnts,
Admin Srvcs & Authorized City Loan
repaymnt).
4 Retention of Available Cash Balance (Actual 06/30/22)
RPTTF amount retained should only include the amounts
distributed as reserve for future period(s)
1,756,554 25,105 62,875 Col C - Bond Reserves held by Trustee; Col F
- reclassified on determination letter.; Col G
see ROPS 2023-24 determination letter; for
cash bal 20-21
5 ROPS 21-22 RPTTF Prior Period Adjustment
RPTTF amount should tie to the Agency's ROPS 21-22 PPA
form submitted to the CAC
No entry required 147 PPA 23-24 Total Difference between what
was authorized and actual
Pursuant to Health and Safety Code section 34177 (l), 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
ROPS 21-22 Cash Balances
(07/01/21 - 06/30/22)
Fund Sources
Comments
Bond Proceeds Reserve Balance Other Funds RPTTF
Bonds issued
on or before
12/31/10
Bonds issued
on or after
01/01/11
Prior ROPS
RPTTF and
Reserve
Balances retained
for future
period(s)
Rent, grants,
interest, etc.
Non-Admin
and Admin
6 Ending Actual Available Cash Balance (06/30/22)
C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5)
$- $- $- $1,555,469 $(51,809)
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 24-25) - Notes
July 1, 2024 through June 30, 2025
Item # Notes/Comments
1
6
38