HomeMy WebLinkAboutOSB Agenda Packet 2/19/2014Wednesday, February 19, 2014 9:00 A.M.
Petaluma City Hall: Council Chambers
11 English Street, Petaluma, CA 94952
(707) 778-4549 / Fax (707) 778-4586
1. ROLL CALL:
Grant Davis; Scott Duivem Mike Healy; Steve Herrington; Kate Jolley: David Rabbitt;
John Scharer
2. APPROVAL OF MINUTES:
A. Approval of Minutes of the Regular Oversight Board to the Successor Agency of the
Former Petaluma Community Development Commission of Wednesday, October 9. 2013.
3. PUBLIC COMMENT:
The Board will hear public comments only on matters over which it has jurisdiction. There
will he no Board discussion or action. The Chair will allot no more than three minutes to any
individual. If more than three persons wish to speak, their time will be allotted so that the
total amount of time allocated to this agenda item will be 15 minutes.
4. APPROVAL OF SUCCESSOR AGENCY BUDGET AND RECOGNIZED
OBLIGATION PAYMENT SCHEDULE FOR THE PERIOD JULY 1 — DECEMBER
31, 2014 (RODS 14-15A):
A. Adopt a resolution approving the ROPS 14-15A and the Successor Agency administrative
budget. (Alverde/Castellucci)
S. STAFF UPDATES
Page I
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refrain from wearing scented products. The City Clerk hereby certifies that this agenda has been posted in
accordance with the requirements of the Government Code.
Please Note: In accordance with Government Code §549575, any materials of public record relating to an agenda
item for a regular meeting of the Petaluma Oversight Board that are provided to a majority of the nnennbers less
than 72 hours before the meeting will be made available at the City Clerk's Office. I I English Street, during nornnal
business hours. Materials of public record that are distributed Burin, the meeting shall be made available for public
inspection at the nneeting if prepared by the City or a nnember of its legislative/advisory body. or the nest business
day after the meeting if prepared by sortie other person.
Page 2
Petaluma, California
OVERSIGHT BOARD TO THE
PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY
1 Draft Minutes
2 Wednesday, October 9, 2013
3 Regular Meeting
4
5
6 CALL TO ORDER - 9:00 A.M.
7
8 1. ROLL CALL
9
10 Present: Grant Davis; Scott Duiven; Mike Healy; Steve Herrington;
11 Kate Jolley; John Scharer
12 Absent: David Rabbitt
13
14 2. APPROVAL OF MINUTES
15
16 A. Approval of Minutes of the Regular Meetings of the Oversight Board to
17 the Petaluma Community Development Successor Agency of
18 Wednesday, June 19, 2013.
19
20 MOTION: Approve A. Minutes of the Regular Meetings of the Oversight
21 Board to the Petaluma Community Development Successor Agency of
22 Wednesday, June 19, 2013, as presented.
23
24 Moved by John Scharer, with Grant Davis seconding the motion.
25
26 Vote: Motion carried 6-0
27
28 Yes: Grant Davis; Scott Duiven; Mike Healy; Steve Herrington;
29 Kate Jolley; John Scharer
30 No: None
31 Abstain: None
32 Absent: David Rabbitt
33
34 3. PUBLIC COMMENT
35
36 Mike Healy opened PUBLIC COMMENT.
37
38 Seeing no persons wishing to speak, Mike Flealy closed PUBLIC COMMENT.
39
40
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October 9, 2013
LONG RANGE PROPERTY MANAGEMENT PLAN:
A. OSB Resolution 2013-05 Approving the Long Range Property
Management Plan Pursuant to Health and Safety Code Section 34191.5.
Ingrid Alverde
Mike Healy
Motion: Approve A. OSB Resolution 2013-05 Approving the Long Range
Property Management Plan Pursuant to Health and Safety Code Section
34191.5.
Moved by Steve Herrington, with John Scharer seconding the motion.
Vote: Motion carried 6-0
Yes: Grant Davis; Scott Duiven; Mike Healy; Steve Herrington;
Kate Jolley; John Scharer
No: None
Abstain: None
Absent: David Rabbitt
5. STAFF UPDATES
Mike Healy
Ingrid Alverde
Mike Healy
Ingrid Alverde
Mike Healy
7. ADIOURNMENT
The meeting was adjourned at 9:06 a.m.
ATTEST:
Mike Healy, Chair
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Claire Cooper, Recording Secretary
October 9, 2013
Vol. X, Page 3
Item # 4
Oversight Board to the Petaluma Community
Development Successor Agency
DATE: February 19, 2014
TO: Members of the Oversight Board
FROM: Ingrid Alverde, Economic Development & Redevelopment Manager
SUBJECT: Approval of the Fifth Recognized Obligation Payment Schedule (ROPS 14-15A)
and Administrative Budget through December 31, 2014 Submitted by the
Petaluma Community Development Successor Agency (PCDSA) Pursuant to
Health and Safety Code Section 34171(j)
RECOMMENDATION
It is recommended that the Board approve the attached resolution adopting the Recognized
Obligation Payment Schedule (ROPS 14-15A) for the July 1, 2014, through December 31, 2014
timeframe, submitted by the Petaluma Community Development Successor Agency (PCDSA),
pursuant to California Health and Safety Code Section 34171(j), and the PCDSA Administrative
Budget for the same period.
DISCUSSION
Health and Safety Code Section 34180 requires that the Oversight Board approve a Recognized
Obligation Payment Schedule (ROPS) every six months following the dissolution of the PCDC.
The ROPS outlines enforceable obligations to be paid from former tax Increment funds, bond
proceeds, and redevelopment trust funds. The proposed ROPS for the July 1, 2014, through
December 31, 2014 period is provided in Attachment 1.
Health and Safety Code Section 34177(j) also requires the Oversight Board to approve the
Successor Agency's administrative budget. The proposed PCDSA administrative budget for the
six-month period is $125,000 and is shown on the ROPS 14-15A (Attachment 1).
ATTACHMENTS
1. ROPS 14-15A
2. Resolution
eot 1
Recognized Obligation Payment Schedule (ROPS 14-15A) - Summary
Filed for the July 1, 2014 through December 31, 2014 Period
Name of Successor Agency: Petaluma
Name of County: Sonoma
Current Period Requested Funding for Outstanding Debt or Obligation
Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) Funding
A Sources (B+C+D):
B Bond Proceeds Funding (ROPS Detail)
C Reserve Balance Funding (ROPS Detail)
D Other Funding (ROPS Detail)
E Enforceable Obligations Funded with RPTTF Funding (F+G):
F Non -Administrative Costs (ROPS Detail)
G Administrative Costs (ROPS Detail)
H Current Period Enforceable Obligations (A+E):
Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
I Enforceable Obligations funded with RPTTF (E):
J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S)
K Adjusted Current Period RPTTF Requested Funding (I -J)
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E):
M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA)
N Adjusted Current Period RPTTF Requested Funding (L -M)
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m) of the Health and Safety code, I
hereby certify that the above is a true and accurate Recognized Name
Obligation Payment Schedule for the above named agency.
/s/
Six -Month Total
$ 8,836,001
8,836,001
$ 1,864,817
1,739,817
125,000
$ 10,700,818
1,864,817
(1,086,852)
$ 777,965
1,864,817
1,864,817
Title
Signature Date
B
C D I E F
Recognized Obligation Payment Schedule (ROPS) 14-15A-ROPS Detail
Contracl/A9reement
ConlractiAgreement
Item : Project Name / Debt Obhaated
Obhaabon Type
Execution Oate
Terminated Data
Paves
11TAB-2001A Tax Allocation Bonds
Bonds Issued On or
61112001
15/1/2014
US Bank
(Report Amounts In Whole Dollars)
Before 12/31/10
_
21TAB-2003A Tax Allocation Bonds
Bonds Issued On or
10/1/2003
US Bank
I
Before 12/31/10
K
15/1/2033
M
_
31TAB-2005A Tax Allocation Bonds
Bonds Issued On or
1011/2005
15/1/2030
IU S Bank
Before 12/31/10
—
41 TAB -2007A l ax Allocation Bonds
Iisssued10n or
4/12007
S Bank
Clare
151112039
IU
51TAB-2011 Tax Allocation Bonds
Bon3ds'OIssued After
311512011
US Bank
151112024
f Non-RPTTF)
Recognized Obligation Payment Schedule (ROPS) 14-15A-ROPS Detail
July 1, 2014 through December 31, 2014
4
(Report Amounts In Whole Dollars)
G If
I
J
K
L
M
N
O
P
Function Source
Non -Redevelopment Property Tax Trust Fund
f Non-RPTTF)
RPTTF
Total Outstanding
DescnptmnlProlect Scope Project Area
Debt or Obb2ation
Retired
Bond Proceeds Reserve Balance
Other Funds
Non -Admen
Admin
Slx-Month Total
5 1463421641
1 S 8836001 6 - S -
S 173981]
S
12500016
107008161
Bandslssued to fund non housing IPCDC Merged
-
N
-
$
-
goducts
lBonds issued tofund non housing IPCDC Merged
33,062,6501
N
I 1
1 4771151
$
477,115
p.IS.cde,ssuedto
fund non -housing IPCDC Merged
1 2.1232,0901
N
I 1
1 3703101
16
370,310
Bontls lssuetl to fund non -housing
PCOC Merged
57,417,5781
N
1 I
1 669,1061
S
669,106
Protects
Bonds issue tl to funtl non -housing
PWC Merged
10,813,8461N
( 1
1 22342861
6
223,286
protects
i
on bonds and Trustee IPCDC Merged 1 -1 N I I I
321MISCdeaai Serves (Admm Costs 1711/2011
35 MISC-Legal Services -Oversight Admm Costs 7111/2012
_ Board
361MISC-DOF Due Milli ftemew Dlsselullon Audits 18115/2012
51112039 Wavers Nave Attorneys ILegal Services
613012013 (Ronne Sloan Holtzman (Oversight Board legal services
Sakai
- Administrative payments IAdmin Costs 111112014 1613012014 1 City or Petaluma Admineirative Payment
IPCDC Merced 1
-1 N I I I
IPCDC Merged
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROES Detail
PCDC Merged
I
IN
IPCDC Merged
-I N
July 1, 2014 through December 31, 2014
(Report Amounts m Whole Dollars)
_—P —
A B
C O
E
F G
I H I J
I K
I L
I M
I N
I O
Funding Source
Non -Redevelopment Property 1 ax Trust Fund
PTTFI
RPTTF
Contract/Agreement
ConlractlAgreement
Total Outstanding
I
Item It Pmlect Name I Debt Obligation
Obimabon Type Execution Date
Termination Date
Payee Desenplin./Paned Scope
Project Area Debt m Obligation Retired
Bond Proceeds
Reserve Balancel
I
Other Funds
Non-Admm
Admm S,. -Month Total
27 CIP-East Washington Interchange
lmprovemenlllnlrastr 61312009
613012014
Sonoma Cc Trans Agency ROW Capital, ROW Support Comer
IPCDC Merged - N I
I
5
321MISCdeaai Serves (Admm Costs 1711/2011
35 MISC-Legal Services -Oversight Admm Costs 7111/2012
_ Board
361MISC-DOF Due Milli ftemew Dlsselullon Audits 18115/2012
51112039 Wavers Nave Attorneys ILegal Services
613012013 (Ronne Sloan Holtzman (Oversight Board legal services
Sakai
- Administrative payments IAdmin Costs 111112014 1613012014 1 City or Petaluma Admineirative Payment
IPCDC Merced 1
-1 N I I I
IPCDC Merged
IN
PCDC Merged
I
IN
IPCDC Merged
-I N
6
5
Recognized Obligation Payment Schedule (ROPS) 14-15A - Report of Cash Balances
(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 r avenues is required by an enforceable obligation.
A B I C D I E I F I G ( H I
Cash Balance Information by ROPS Period
ROPS 13-14A Actuals (07/01/13 - 12131113)
1 Beginning Available Cash Balance (Actual 07101/13)
Note that for the RPTTF, 1 + 2 should tie to columns J and O in the Report
of Prior Period Adjustments (PPAs)
2 Revenue/income (Actual 12/31113)
Note that the RPTTF amounts should tie to the ROPS 13-14A distribution
from the County Auditor -Controller during June 2013
3 Expenditures for ROPS 13-14A Enforceable Obligations (Actual
12131113)
Note that for the RPTTF, 3 + 4 should tie to columns L and O in the Report
of PPAs
4 Retention of Available Cash Balance (Actual 12/31113)
Note that the RPTTF amount should only include the retention of reserves
for debt service approved in ROPS 13-14A
5 ROPS 13-14A RPTTF Prior Period Adjustment
Note that the RPTTF amount should tie to column S in the Report of
PPAs.
Fund Sources
Bond Proceeds Reserve Balance
Prior ROPS
RPTTF
Bonds Issued Bonds Issued Prior ROPS period distributed as
on or before on or after balances and DDR reserve for next
12/31/10 01/01/11 balances retained bond payment
10,685,001 1 10,027, 961
No entry required
6
Ending Actual Available Cash Balance
C to G=(1+2 -3-4),H=(1+2-3-4-5) $
10,685,001 $ 10,027,961
$
ROPS 13-14B Estimate (01/01114 - 06130/14)
7
Beginning Available Cash Balance (Actual 01101114)
(C, O, E,G=4+6, F=H4+F4+F6, and H=5+6)
$
10,685,001 $ 10,027,961
$
8
Revenue/Income (Estimate 06130/14)
Note that the RPTTF amounts should tie to the ROPS 13-14B distribution
from the County Auditor -Controller during January 2014
17,000 5,000
9
for 13-14B Enforceable Obligations (Estimate 06/30/14) (
(Expenditures
1,866,000
10
Retention of Available Cash Balance (Estimate 06/30114)
Note that the RPTTF amounts may include the retention of reserves for
debt service approved in ROPS 13-14B
11
(Ending Estimated Available Cash Balance (7+ 8 - 9 -10) I
I (
$
8,836,001 $ 10,032,961
$
Other RPTTF
Rent,
Grants, Nan -Admin and
Interest, Etc, Admin Comments
H1 and H2 total the balances in columns J & O in
the Report of Prior Period Adjustments.
1,417,034
H1 and H2 total the balances in columns J & O in
the Report of Prior Period Adjustments.
2,913,952
1,898,712
1,086,852
- I $ 1,345,422
- $ 2,432,274
4,062,476
4,085,617
- I $ - I $ 2,409,133
Ilse count
A
Romago and Obligation Payment schedule(R0PSI 14 -ISA- Report of Prior Period Adluslmenls
Feynrled ler IIIc ROPE 13-14A (Jnfy 1 2013 aliment December 31, 2013) Period Pwsnam I. Hmlat and Solely Code (HSL) sallme 34 180 (a,
wennAmvw41 m W role d=mral
..Aces... Al ISA) S.11 -.sinned Prior Pnnod Adjustment. PPA) Ptirmanl 1. HSC Segmn 34100 (a), SAs are required to epod the ddlerence5 belwuee tilern anual available famem and Unna -mal eapenWlures lm lire RODS 13-14z (mly tbmngll UmenWer 2111]) period The annual of
I Pmpnly Tac Trust Filled (RPTTF) Believed lar life POPS 14-15A (July Nmugh Uuclem., 2014) Pound won be offset by Ilia SA's 5elbrepomd ROPE 11-14A pnm peon alle stmmd HSC Secb.n 34166 (a) else slmeNAs final Ibe pnm pease adpnlon,ah 1111 remold by SAI au..bled 1. valid by
atm smilmler(CAC) and Ibe Slate Correia r
I
A I c o r I, c I 1 I J X I L rn . a I P Is I n I Is
No. RPTTF Expenditures RPTTF Ecnendlmma
HOPS 1314A CAO PPA: Ta be completed by the CAC upon Simulated of life ROPE 14 -ISA by Ilia SA lu Finance and
the CAC Note Ilial CACs will need 1n enter lhelmwe formulas al life me Item level pumlvnl to Oie manner In which limy
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HOPS 1314A CAO PPA: Ta be completed by the CAC upon Simulated of life ROPE 14 -ISA by Ilia SA lu Finance and
the CAC Note Ilial CACs will need 1n enter lhelmwe formulas al life me Item level pumlvnl to Oie manner In which limy
calculate the PPA Also note that file admin amounts do net need to be ].,led al life howls. past and may be replied
as 6 berm cum
r u V I W A I T I Z AA
RPTTF Expenditures
I'll CAC ,an-
manllelumadmin
PPA
,Am nwl wm to
.nasi nary 141 SA
Mon -Aman. LA[ Ae.l. LAC swan
.letl RPTTFI
nn enmmama I nm Lesser of Rm ....o or Ae
puNvneeel Auvalaw,
gvvlNEle pvlual plllerenve PvallaAle Nal nlllerenee .lel plllylon[e
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Recognized Obligation Payment Schedule 14-15A - Notes
July 1, 2014 through December 31, 2014
Item # Notes/Comments
Attachment 2
OVERSIGHT BOARD RESOLUTION NO.
RESOLUTION OF THE OVERSIGHT BOARD FORMED PURSUANT TO HEALTH
AND SAFETY CODE SECTION 34179 TO OVERSEE THE PETALUMA COMMUNITY
DEVELOPMENT SUCCESSOR AGENCY, APPROVING THE RECOGNIZED
OBLIGATION PAYMENT SCHEDULE AND THE SUCCESSOR AGENCY
ADMINISTRATIVE BUDGET FOR THE PERIOD ENDING DECEMBER 31, 2014.
WHEREAS, on December 29, 2011, the California Supreme Court delivered its
decision in California Redevelopment Association v. Matosantos, finding ABX1 26 (the
"Dissolution Act") largely constitutional; and
WHEREAS, under ABx1 26 (the "Dissolution Act") and the California Supreme
Court's decision in California Redevelopment Association v. Matosantos, all California
redevelopment agencies, including the Petaluma Community Development Commission
(the "former PCDC" "), were dissolved on February 1, 2012; and
WHEREAS, on January 9, 2012 by Resolution No. 2012-007 N.C.S. the City
Council elected that the City of Petaluma serve as the Successor Agency to the former
PCDC, subject to all limitations, conditions and qualifications stated in that resolution;
and
WHEREAS, under the Dissolution Act, the Petaluma Community Development
Agency (PCDSA) must prepare a "Recognized Obligation Payment Schedule" ("ROPS")
that enumerates the enforceable obligations and expenses of the Successor Agency for
six-month periods; and
WHEREAS, on February 3, 2014, the PCDSA approved the ROPS 14 — 15A for
the six-month period ending December 31, 2014 for the Successor Agency; and
WHEREAS, under the Dissolution Act, the ROPS 14-15A must be approved by
the Oversight Board to enable the PCDSA to continue to make payments on
enforceable obligations of the former PCDC; and
WHEREAS, pursuant to the Dissolution Act, the duly -constituted Oversight Board
for the PCDSA met at a duly -noticed public meeting on February 19, 2014 to consider
obligations listed on the ROPS 14-15A, and consider approval of the ROPS14-15 A;
and
NOW, THEREFORE, BE IT RESOLVED that the Oversight Board, formed
pursuant to California Health and Safety Code Section 34179 to oversee the Petaluma
Community Development Successor Agency, hereby finds, resolves, and determines as
follows:
The foregoing recitals are true and correct.
2. The Oversight Board hereby approves the ROPS14-15A for the period July
1, 2014, through December 31, 2014, including the Petaluma Community Development
Successor Agency Administrative Budget, in the form presented to the Oversight Board
and attached hereto as Exhibit A, including the agreements and obligations described in
the ROPS, and hereby determines that such agreements and obligations constitute
"enforceable obligations" or "recognized obligations" for all purposes of the Dissolution
Act.
3. The Oversight Board authorizes and directs the Petaluma Community
Development Successor Agency staff to take all actions necessary under the
Dissolution Act to post the ROPS 14-15A on the Successor Agency website, transmit
the ROPS14-15A to the Auditor-Controller of the County of Sonoma and to the State
Controller and the State Department of Finance, and to take any other actions
necessary to ensure the validity of the ROPS14-15A or the validity of any enforceable
obligation or other agreement approved by the Oversight Board in this Resolution.
Adopted this day of February 2014 by the following vote:
Exhibit A
Recognized Obligation Payment Schedule (ROPS 14-15A) - Summary
Filed for the July 1, 2014 through December 31, 2014 Period
Name of Successor Agency: Petaluma
Name of County: Sonoma
Current Period Requested Funding for Outstanding Debt or Obligation
Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) Funding
A Sources(B+C+D):
B Bond Proceeds Funding (ROPS Detail)
C Reserve Balance Funding (ROPS Detail)
D Other Funding (ROPS Detail)
E Enforceable Obligations Funded with RPTTF Funding (F+G):
F Non -Administrative Costs (ROPS Detail)
G Administrative Costs (ROPS Detail)
H Current Period Enforceable Obligations (A+E):
Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
Six -Month Total
$ 8,836,001
8,836,001
$ 1,864,817
1,739,817
125,000
$ 10,700,818
I Enforceable Obligations funded with RPTTF (E): 1,864,817
J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) (1,086,852)
K Adjusted Current Period RPTTF Requested Funding (I -J) $ 777,965
County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding
L Enforceable Obligations funded with RPTTF (E): 1,864,817
M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) -
N Adjusted Current Period RPTTF Requested Funding (L -M) 1,864,817
Certification of Oversight Board Chairman:
Pursuant to Section 34177(m) of the Health and Safety code, I
hereby certify that the above is a true and accurate Recognized Name Title
Obligation Payment Schedule for the above named agency.
/s/
Signature Date
8
C o
E I F
Contract/Agreement Contract/Agreement
Item # Poled Name / Debt Carnahan Obligation Type Execution Date Termmahon Dale Fever,
I
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whale Dollars)
G
H
1
J
K
L
M
N
O
P
Fundmq Source
Non -Redevelopment Property lax
Trust Fund
(Nan-RPTTF)
RPTTF
Total Outstanding
Descnpl,.mProject Scope
Project Area
Debt or Oblmalmn
Retired
Bond Proceeds
1
Reserve Balance
Other Funds
Non -Admin
AllSx-Month
Total
I
I S 146,342.164 1
$ 6536001 S -
$ -
S 1739, Biz
1
1250001 $ 10700818
Bonds issued to fund non -housing
PCDC Merged
N
$
projects
I
I
Igoods issued tofund non housing
Merged
33.062,650
N
47711$1
S 771151
ems
(PCDC
I
I
Bonds Issued to fund non housing
(PCDC Merged
I 24.232,0901
N
I 1
1 370.3101
1 $ 370.3101
projects
Recognized Obligation Payment Schedule (ROPS) 14-15A - ROPS Detail
July 1, 2014 through December 31, 2014
(Report Amounts in Whole Dollars)
_A B
) C D
E
F
) G
H
I J
K L
M N
O P
IAtlmin Costs
7/1/2011
15/1/2039
Wavers Nave Attorneve
ILenal Services
IPCDC Mergetl I
N
1 Serv6es�Ovarslght
Funding Source
17/1112012
1613012013
Peace Sloan Holtzman
Oversight Board legal services
Merged
N
I
I S
Non -Redevelopment Property
Tax Trust Fund
(
I
IPCDC
1
I
I
Due Diligence Review
IDissolution Audits
18/1512012
6130,2013
(Non-RPTTF)
RPTTF
IPCDC Mar ad 1
-1 N I I
I _) $
ContracUAgreement
Contract/Agreement
Total Outstanding
I
I
Item t,Pmlect Name I Debt Obligation
Obligation Type Execution Date
Termination Dale
Payee
DescrphoNProlect Scope
Project Area
Debt or Obligation Retired
Bond Proceeds Reserve Balance
Other Funds NomAdmlp
Arabin Six -Month Total
27 CIP-East Washington Interchange
frastr 61312009
16/3012014
(Sonoma Cc Trans Agency
SOWo„apical, ROW Support, Constr
PCDC Merged
N
S
—
ucW Qvementili
1
B Equipment Lease
IAtlmin Costs
311/2011
12/2612016
Iartux ery Systems
OfBCe equipment
IPCDC Merged I
-I N I
I $
1 Services
IAtlmin Costs
7/1/2011
15/1/2039
Wavers Nave Attorneve
ILenal Services
IPCDC Mergetl I
N
1 Serv6es�Ovarslght
Admin Costs
17/1112012
1613012013
Peace Sloan Holtzman
Oversight Board legal services
Merged
N
I
I S
Sakai
IPCDC
1
I
I
Due Diligence Review
IDissolution Audits
18/1512012
6130,2013
Pun 8 McGeady
lAudit services for Oversold Boartl
IPCDC Mar ad 1
-1 N I I
I _) $
Recognized Obligation Payment Schedule (ROPS) 14-15A - Report of Cash Balances
(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 r :venues is required by an enforceable obligation.
A B
Cash Balance Information by ROPS Period
ROPS 13-14A Actuals (07/01/13 -12/31/13)
1 Beginning Available Cash Balance (Actual 07101113)
Note that for the RPTTF, 1 + 2 should tie to columns J and O in the Report
of Prior Period Adjustments (PPAs)
2 Revenue/Income (Actual 12131113)
Note that the RPTTF amounts should tie to the ROPS 13-14A distribution
from the County Auditor -Controller during June 2013
3 Expenditures for ROPS 13-14A Enforceable Obligations (Actual
12/31113)
Note that for the RPTTF, 3 + 4 should tie to columns L and Q in the Report
of PPAs
4 Retention of Available Cash Balance (Actual 12/31/13)
Note that the RPTTF amount should only include the retention of reserves
for debt service approved in ROPS 13-14A
5 ROPS 13-14A RPTTF Prior Period Adjustment
Note that the RPTTF amount should tie to column S in the Report of
PPAs.
6 Ending Actual Available Cash Balance
C to G= III +2-3-4),H=(1+2-3-4-5)
ROPS 13-14B Estimate (01/01114 - 06130114)
7 Beginning Available Cash Balance (Actual 01101114)
(C, D, E, G = 4 + 6, F = H4 + F4 + F6, and H=5+6)
8 Revenuelincome (Estimate 06/30/14)
Note that the RPTTF amounts should tie to the ROPS 13-14B distribution
from the County Auditor -Controller during January 2014
9 Expenditures for 13-14B Enforceable Obligations (Estimate 06/30/14)
10 Retention of Available Cash Balance (Estimate 06130114)
Note that the RPTTF amounts may include the retention of reserves for
debt service approved in ROPS 13-14B
11 Ending Estimated Available Cash Balance (7 + 8 - 9 -10)
C I
D
( E I F I
G
I H
I 1
Fund Sources
Bond Proceeds
Reserve Balance
Other
RPTTF
Prior HOPS
RPTTF
Bonds Issued
Bonds Issued
Prior ROPS period distributed as
Rent,
on or before
on or after
balances and DDR reserve for next
Grants,
Non -Admin and
12/31/10
01/01/11
balances retained bond payment
Interest, Etc.
Admin
Comments
10,685,001 10,027,961
No entry required
$ 10,685,001 1 $ 10,027,961 $
$ 10,685,001 $ 10,027,961 $
17,000 5,000
1,866,000
$ 8,836,001 $ 10,032,961 1 $
Ht and H2 total the balances in columns J & O in
the Report of Prior Period Adjustments.
1,417,034
H1 and H2 total the balances in columns J & O in
the Report of Prior Period Adjustments.
2,913,952
1,898,712
j 1,086,852
$ - I $ - I $ 1,345,422
$ - 1 $ - $ 2,432,274
4,062,476
4,085,617
- I $ - I $ - I $ 2,409,133 1
Recognized Obligation Payment Schedule (ROPS)14-ISA -Report of Prior Period AJrynlmenle
Fepone0 for Ne POPS 13-14A (JUIY 1, 2013 th nnOb December 31, 2013) Permit Purnlm l to Health and Sa1elY Code IHSCI secbnn 34166 (a)
IF, in- n V✓Ircrr MID.,
ROP513-14A Sumimemor Agency (SA) SeIFrepoded Ptlor Pe rind Adtuelmenle(PPA I'Pureuanl to HSC Sedlon 34106 on. SAs are in,, ad lu repo, the 0111 ... are, her vocnlimn armal aVolUble Women and 111111 actual mpendidemslur IIIc OOPS I3'14A(July throddi Dencromf 2013) period The amment of
Redevelmonoul Property Tax Tnnl Fund (RMF) approved far Ilse POPS 14-15A (July thment December 2o14) period wall be ousel by Ilre SA, seff armed COPS 13-14A prier period mllusdnent HSC Sechmn 34186 (a) area cp r,c,.5IInd Ilse per period adplslmrels selFrepn,ml 0y SM nm eubtecl to au„ by
Ila, taunt oud,opcmtlmller (CACI and lite Stile Coriander
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Non-RPTTF Expenddums RPTTF Expedtldures
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.A Lemmenl,
ROPS 13-14A CAC PPA: To be completed by Ilia CAC upon Sudm8la1 of IIIc POPS 14-15A by the SA td id dace and
IIm CAC Note 1134I CACS real need to enter thmr.1. formule,.1 the retained [.at punuant to lire manner In vmuch O,,
calculate tam PPA AISm note that Ilia admm xmwnls do nal need to be hired al the lied Ilam level and may be .,lend
as a Inmp sum
11 I V \Y I R I Y I eJ AA
I
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ROPS 13-14A CAC PPA: To be completed by Ilia CAC upon Sudm8la1 of IIIc POPS 14-15A by the SA td id dace and
IIm CAC Note 1134I CACS real need to enter thmr.1. formule,.1 the retained [.at punuant to lire manner In vmuch O,,
calculate tam PPA AISm note that Ilia admm xmwnls do nal need to be hired al the lied Ilam level and may be .,lend
as a Inmp sum
11 I V \Y I R I Y I eJ AA
I
RMF Expenditures
mi CAL Imo
AOmin PDA Atlmin
PPA
IAmoum. I. to
OIequlon sled I.,In
IIan�Aemrn CAL pOmin CA[ Hequeeletl nPTiFI
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-I
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I I I
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I I
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Recognized Obligation Payment Schedule 14-15A - Notes
July 1, 2014 through December 31, 2014
Item # Notes/Comments
Exhibit A
PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY
Administrative Budget FY 2013-2014
ROPS 13-14 A & B
Wages and Benefits
Professional Service/Audit
Utilities/Maintenance/Repairs
Legal Services
Office Supplies
Cell Phone
Office Rent
Bank/Trustee fees
FY 13-14A
FY 13-14B Total for Year
$ 93,087
$ 93,090
2,750
12,250
2,000
2,000
5,000
5,000
200
200
460
460
3,000
3,000
0
9,000
$ 106,497 $ 125,000 $ 231,497