2025/01/14 City Council Resolution 2025-001 RESOLUTION NO. 2025-001
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROHNERT PARK AS
SUCCESSOR AGENCY TO THE FORMER COMMUNITY DEVELOPMENT
COMMISSION OF THE CITY OF ROHNERT PARK APPROVING THE
ANNUAL RECOGNIZED OBLIGATION PAYMENT SCHEDULE (ROPS) FOR
JULY 1,2025—JUNE 30,2026("ROPS 25-26") 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, 2025 to June
30,2026("ROPS 25-26")shall be submitted to the Sonoma County Auditor-Controller-Treasurer-
Tax Collector and State Department of Finance no later than February 1, 2025 after approval by
the Oversight Board; and,
WHEREAS, Successor Agency staff have prepared the attached ROPS 25-26 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, 2025 to June
30, 2026 ("ROPS 25-26") 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 25-26 to the
Countywide Oversight Board for approval on January 24, 2025, and after ROPS 25-26 receives
such approval,thereafter to the DOF,the State Controller,and the County Auditor and post ROPS
25-26 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
ROPS 25-26, correct clerical errors or omissions including, if necessary, making modifications to
ROPS 25-26 determined by the City Manager and Finance Director 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
14th day of January 2025.
CITY OF ' : NERT PARK
OP #
_...,.,40
I er d Giu•' e, Mayor
ATTEST:
Sylvia Lopez Cuevas, City Clerk
PROVE A TO FORM:
4
Le . o , ity Attorney
Attachments: Exhibit A
Adams: Elward: Rodriguez: e. Sanborn: Guidice: Alk,
Ayes: ( 5 ) Noes: ( �) Ab ent: ( �) Abstai : ( ,; 5 )
Resolution 2025-001
Page 2 of 2
Recognized Obligation Payment Schedule
(ROPS 25-26) - Summary Filed for the July
1, 2025 through June 30, 2026 Period
Successor Agency: Rohnert Park
County: Sonoma
Current Period Requested Funding for
Enforceable Obligations (ROPS Detail)25-26 Total (July - Dec) 25-26 Total (January - June) ROPS 25-26 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) $ 3,179,709 $ 368,959 $ 3,548,668
F. RPTTF 3,054,709 243,959 3,298,668
G. Administrative RPTTF 125,000 125,000 250,000
H. Current Enforceable Obligations (A + E) $ 3,179,709 $ 368,959 $ 3,548,668
________________________________________________
Name Title
________________________________________________
Signature Date
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.
Rohnert Park
Recognized Obligation Schedule (ROPS 25-26) - ROPS Detail
July 1, 2025 through June 30, 2026
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 25-26 Total
ROPS 25-26 (Jul -
Dec): Fund Source -
Bond Proceeds
ROPS 25-26 (Jul-
Dec): Fund Source -
Reserve Balance
ROPS 25-26 (Jul-
Dec): Fund Source -
Other Funds
ROPS 25-26 (Jul-
Dec): Fund Source -
RPTTF
ROPS 25-26 (Jul-
Dec): Fund Source -
Admin RPTTF
ROPS 25-26 (Jul-
Dec): Total
ROPS 25-26 (Jan -
Jun): Fund Source -
Bond Proceeds
ROPS 24-26 (Jan -
Jun): Fund Source -
Reserve Balance
ROPS 25-26 (Jan -
Jun): Fund Source -
Other Funds
ROPS 25-26 (Jan -
Jun): Fund Source -
RPTTF
ROPS 25-26 (Jan -
Jun): Fund Source -
Admin RPTTF
ROPS 25-26 (Jan -
Jun): Total
$ 36,901,071 $ 3,548,668 $ - $ - $ - $ 3,054,709 $ 125,000 $ 3,179,709 $ - $ - $ - $ 243,959 $ 125,000 $ 368,959
1
1999 Tax Allocation
Bonds
Bonds Issued on or
Before 12/31/10 1/27/1999 8/1/2035 US Bank
Bonds issue to
fund non-housing
projects
Rohnert Park
Redevelopment
Project Area 19,305,000 N $ 1,755,000 - - - 1,755,000 - $ 1,755,000 - - - - - $ -
6
Administrative
Allowance Admin Costs 1/1/2014 6/30/2037
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 5/1/2018 8/1/2037 US Bank
Bonds refunding
issue 17,346,071 N $ 1,543,668 - - - 1,299,709 - $ 1,299,709 - - - 243,959 - $ 243,959
Rohnert Park
Recognized Obligation Payment Schedule (ROPS 25-26) - Report of Cash Balances
July 1, 2022 to June 30, 2023
(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 22-23 Cash
Balances (07/01/22 -
06/30/23)
Fund Source: Bond
Proceeds - Bonds Issued
on or before 12/31/10
Fund Source: Bond
Proceeds - Bonds issued
on or After 01/01/11
Fund Source: Reserve
Balance - Prior ROPS
RPTTF and Reserve
Balances Retained for
Future Period(s)
Fund Source: Other
Funds - Rent, grants,
interest, etc.
Fund Source: RPTTF -
Non-Admin and Admin Comments
1
Beginning Available Cash
Balance (Actual 07/01/22)
RPTTF amount should exclude
"A" period distribution
amount. 1,756,554 1,755,000 1,555,469 63,304
Col F&G-last three approved annual ROPS
PPA 22-23, 233-24, 24-25
2
Revenue/Income (Actual
06/30/23) RPTTF amount
should tie to the ROPS 22-23
total distribution from the
County Auditor-Controller 59,095 85,361 3,569,574
Col F FY22-23 Interest; Col G-FY22-
23A&B+Q1 & 2 interest & RSA interest,
See RPTTF distribution for revenues
below
3
Expenditures for ROPS 22-23
Enforceable Obligations
(Actual 06/30/23) - 1,755,000 1,875,009
Col F is 0.00 nothing noted on
determination letter
4
Retention of Available Cash
Balance (Actual 06/30/2023)
RPTTF amount retained
should only include the
amounts distributed as
reserve for future period(s) 1,815,649 1,755,000
5
ROPS 22-23 RPTTF Prior
Period Adjustment RPTTF
amount should tie to the
Agency's ROPS 22-23 PPA
form submitted to the CAC No entry required No entry required No entry required No entry required 282
PPA 22-23 Total Difference between what
was authorized and actual
6
Ending Actual Available Cash
Balance (06/30/22) C to F = (1
+ 2 - 3 - 4), G = (1 + 2 - 3 - 4 -
5) $ - $ - $ - $ 1,640,830 $ 2,587