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Home My WebLink About2026/01/13 City Council Resolution 2026-009 RESOLUTION NO. 2026-009 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 1,2026—JUNE 30, 2027 ("ROPS 26-27") 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, 2026 to June 30,2027("ROPS 26-27") shall be submitted to the Sonoma County Auditor-Controller-Treasurer- Tax Collector and State Department of Finance no later than February 1, 2026 after approval by the Oversight Board; and, WHEREAS, Successor Agency staff have prepared the attached ROPS 26-27 as required pursuant to Health and Safety Code Section 34177(o). NOW, THEREFORE BE IT RESOLVED, the City Council of the City of Rohnert Park as Successor Agency to the former 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, 2026 to June 30, 2027 ("ROPS 26-27") 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 26-27 to the Countywide Oversight Board for approval on January 23, 2026, and after ROPS 26-27 receives such approval,thereafter to the DOF,the State Controller, and the County Auditor and post ROPS 26-27 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 26-27, correct clerical errors or omissions including, if necessary, making modifications to ROPS 26-27 determined by the City Manager and Finance Director to be reasonable and financially feasible to meet legally required financial obligations. BE IT FURTHER RESOLVED that the City Manager is hereby authorized and directed to execute documents pertaining to same for and on behalf of the City of Rohnert Park. DULY AND REGULARLY ADOPTED BY THE CITY COUNCIL OF THE CITY OF ROHNERT PARK by the City Council of the City of Rohnert Park as Successor Agency to the Community Development Commission of the City of Rohnert Park on this 13th day of January 2026. CITY OF ROHNERT PARK iCk 'V\ 2_ ily Sanborn, Mayor ATTEST: Elizabeth'Machado, Assistant City Clerk APPROY D AS/ 0 FORM: iche le . enyon, City Attorney Attachments: Exhibit A ADAMS: a GIUDICE: gtie_ RODRIGUEZ: ^fir ELWARD: fi r_ SANBORN: la-uf c_ AYES: ( S ) NOES: ( gc ) ABSENT: ( 6 ) ABSTAIN: ( 0 ) Resolution 2026-009 Page 2 of 2 Recognized Obligation Payment Schedule (ROPS 26-27) - Summary Filed for the July 1, 2026 through June 30, 2027 Period Successor Agency: Rohnert Park County: Sonoma Current Period Requested Funding for Enforceable Obligations (ROPS Detail)26-27 Total (July - Dec) 26-27 Total (January - June) ROPS 26-27 Total A. Enforceable Obligations Funded as Follows (B + C + D) 168,190 168,190 B. Bond Proceeds C. Reserve Balance D. Other Funds 168,190 168,190 E. Redevelopment Property Tax Trust Fund (RPTTF) (F + G) 2,630,770 352,084 2,982,854 F. RPTTF 2,505,770 227,084 2,732,854 G. Administrative RPTTF 125,000 125,000 250,000 H. Current Enforceable Obligations (A + E) 2,798,960 352,084 3,151,044 ________________________________________________ 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 26-27) - ROPS Detail 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 26-27 Total ROPS 26-27 (Jul - Dec): Fund Source - Bond Proceeds ROPS 26-27 (Jul- Dec): Fund Source - Reserve Balance ROPS 26-27 (Jul- Dec): Fund Source - Other Funds ROPS 26-27 (Jul- Dec): Fund Source - RPTTF ROPS 26-27 (Jul- Dec): Fund Source - Admin RPTTF ROPS 26-27 (Jul- Dec): Total ROPS 26-27 (Jan - Jun): Fund Source - Bond Proceeds ROPS 26-27 (Jan - Jun): Fund Source - Reserve Balance ROPS 26-27 (Jan - Jun): Fund Source - Other Funds ROPS 26-27 (Jan - Jun): Fund Source - RPTTF ROPS 26-27 (Jan - Jun): Fund Source - Admin RPTTF ROPS 26-27 (Jan - Jun): Total 33,602,403 3,151,044 - - 168,190 2,505,770 125,000 2,798,960 - - - 227,084 125,000 352,084 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 17,550,000 N 1,755,000 - - 168,190 1,586,810 - 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 Rohnert Park Redevelopment Project Area 15,802,403 N 1,146,044 - - - 918,960 - 918,960 - - - 227,084 - 227,084 July 1, 2026 through June 30, 2027 Rohnert Park Recognized Obligation Payment Schedule (ROPS 26-27) - Report of Cash Balances July 1, 2023 to June 30, 2024 (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 23-24 Cash Balances (07/01/23 - 06/30/24) 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 07/01/23) RPTTF amount should exclude "A" period distribution amount. 1,815,864 1,755,000 2,573,113 429 Col F : Ending Cash Balance FY22-23 ACFR less Prior ROPS ($1,755,000), less ROPS 23- 24A ($1,544,307) and less G1 ($429) G - last three approved annual ROPS PPA (ENTER PPA # FROM LAST PAGE TABLE) 20- 21, 21-22, 22-23 2 Revenue/Income (Actual 06/30/24) RPTTF amount should tie to the ROPS 23-24 total distribution from the County Auditor-Controller 97,576 166,032 1,963,516 Col F FY 23-24 Interest; Col G - FY 23-24A & B + Q1 & 2 interest & RSA Interest, See RPTTF distribution for revenues below 3 Expenditures for ROPS 23-24 Enforceable Obligations (Actual 06/30/24) 1,755,000 1,588,130 207,244 Col F is $1,588,130 noted on determination letter: 2023-24; Col G-FY 23- 24 PPA actual expenditures + actual admin $250k less retained available 1999 Bond Payment cash cell E3. 4 Retention of Available Cash Balance (Actual 06/30/2024) RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 1,913,440 982,825 1,755,282 Col G is 1,755,282, which is the 1999 Bond payment plus the previous PPAs 21-22 $0 and 22-23 $282. 5 ROPS 23-24 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 23-24 PPA form submitted to the CAC No entry required No entry required No entry required No entry required 1,419 Col G is PPA 23-24 Total Difference between what was authorized and actual 6 Ending Actual Available Cash Balance (06/30/24) C to F = (1 + 2 - 3 - 4), G = (1 + 2 - 3 - 4 - 5) - - - 168,190 -