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HomeMy WebLinkAboutOSB Resolution 2015-01 02/25/2015o. Zfl�S to the �eso�utiol�� htBoard 5or A�enCY Pe a0 Deve op'•ne"tSUcces ta1u�" p TH p.ND u1� T THEAL petaluma Coma � �vRSVAN COMMUNITV IAVOVERSIGHT '74)$� pvIE HE REC C' ZED Ogu� ET E R TtVE RES®L�}T10 CEDE S CT/DOR AGNCV, A OR AGE CV ADits ,2�� DEvred �L�pME EDv�E pND RI D 6ND�NG DECENIBER reme Ceurt dX126 [tbe PAYMENTgCkt THEPE the CaliforniaSntos,findingAB 29 2011, atosan e COurt's S, on Decembe 2 ),t AssOcl aeon v. M wHE ftEA rnia SuPrem ment Redevelop the Califo redevelo pCDC,. California constitutional; an Act'i and ' former decision In Act" ) largely „Dissolution all Califon the ` under ABx126 �thessociation V. ma O t commission ^pissOlution 5 mentA Develop WHEREA • Redevelop Ommm�lty City Council Calif°rni he Petaluma C N the l decision in ding February 2012; and o 2012 p07the former pCDC, sub ec agencies, inclu on 2012 by Resolution N d ere dissolved cessor Agenc es01'a" n; an WHEREAS, O of P aalu ary 9 Se rve as the Suc that r ent Agent mastated in a COmuiunity Developin City d qualifications ROPS„) that month that the ditions an etalum cheduie" ( c For six elected Act, the P ent S Or Agen Y nations, con the Dissolution ation Paye °f the Success to all Jill' pblig OILY under cognized exPens BOPS 15-16A for the six PCDSA} mug erenf rceab e obligations and enumerates th 5 the PCDSA apprOveden Y; and uccessor Ag Periods, and on Pe c tuber 3120� 5 f or the S e aPProved e the 15.16A n ustb le EREAS, enforceab ding De Act, the Ro make Pay n'ents on montb Pe iod en the Dissolutioucontmue WHEREAS, and enable the PCDSA tO ted Oversight ob1 g t ons CD ,and c25 2015 to consider htBoard to end C the duly. Oversig of the former P tion Act, February 25' d ations ursna,, to the Dissolu 5-16A; an ut to oblig ublic meeting On Of the RO ursua WDEREA5, p uly-noticed p roval Oard, fOrnl mp nitY a d consider apP versigbtBmluma C°m the PCDSA met at 15 16A and IT RESOLVED that the 0 vas: d deterrnine5 as folio the RODS BE 79 to oversee the e listed °n TDEREFORE, NOW, dSafetY COd hereby finds'resolves,an ealtti an or Agency, d correct. CaliforniantSuccess is are true an Develop Oing reeita 1. The f°reg page t OSa Resolut�onNo2015.07 for the PeT1od ]uly 1, the ROPS15-16A Development roves munitY ht Boarrd d and hereby aPP etaluma Com to the Oversig to the The Oversight B p15 in the P resented s described obligation "enforceable Z. December 31, Budget' in the f� eritPs and constitute h pecem reem obligations Act. Z015 thro A encY Admin,strative the ag ents and ibit A, includingh agree of the Dissolution guccessor g as Bxh• that su for urP°$eS community hereto 11 P a attacl1ed b ereby determin obligations' e Petalum RAPS, recog and directs the under t11e Dissolutto the pjyed 5-16A to obligations' or Board authorizes necessary it theROPS' State staff to take aelpcy Website, transm of the The pversighency Controller and validity 3. or Agency Successor Agency to the State ensure roved by ent S S 15 16A oo the of Sonora necessary to reement aPp Dev ostthelOPM 1-ounty other actions Cher ag to Post the of oiler of the to take any obligation or o Auditor ent of Finance, and of any enforceable pepartm or the validity ROPS15-16A card in this Resolution the Oversight B rd to 'Ale d adopted by dte Petae 25� of Februai'Y 20 ' by t}}e ntroduced a Regular Meering on theforegoingR entSuccessor Agency l bereby cerhfYmunity Develop LNCE: Petaluma Coro REFER' Ce: foIlowingvn Sdbarer Duiven, Chao Healy, loltey. pYES: None r Rabbit pavis,HerringrpOVice Cha NOES: pBsENT None .(-em z---v roT pT"fEST: Rec�rding�ecre 059 ResoluCion No.20�S-Ol 'r Chair Page Z Ir M Exhibit A m C a 64 W Recognized Obligation Payment Schedule (ROPS 15-16A) -Summary Filed for the July 1, 2015 through December 31, 2015 Period Name of Successor Agency: Petaluma Name of County: Sonoma Current Period Requested Funding for Outstanding Debt or Obligation Six -Month Total Enforceable Obligations Funded with Non -Redevelopment Property Tax Trust Fund (RPTTF) A Funding Sources (B+C+D): $ 200,000 0 Bond Proceeds Funding (ROPS Detail) 208,000 C Reserve Balance Funding (ROPS Detail) - D Other Funding (ROPS Detail) - E Enforceable Obligations Funded with RPTTF Funding (F+G): $ 2,002,614 F Non -Administrative Costs (ROPS Detail) 1,877.514 G Administrative Costs (ROPS Detail) 125,000 H Current Period Enforceable Obligations (A+E): $ 2,210.514 Successor Agency Self -Reported Prior Period Adjustment to Current Period RPTTF Requested Funding I Enforceable Obligations funded with RPTTF (E): 2,002,514 J Less Prior Period Adjustment (Report of Prior Period Adjustments Column S) - K Adjusted Current Period RPTTF Requested Funding (IJ) $ 2,002,514 County Auditor Controller Reported Prior Period Adjustment to Current Period RPTTF Requested Funding L Enforceable Obligations funded with RPTTF(E): 2,002.514 M Less Prior Period Adjustment (Report of Prior Period Adjustments Column AA) - N Adjusted Current Period RPTTF Requested Funding (L-M) 2,002,514 Certification of Oversight Board Chairman: Pursuamto 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 forthe above named agency. fsf / V - I/ / / �1 f I I G to 5 Signature r / 1--• Date 0 0 N O Z C 0 0 ti a M O Recognized Obligation Payment Schedule (ROPS 15-19A) -ROPS Detail July 1, 2015 through December 31, 2015 (Repod Amounts In M.le Dollars) A B I C- I---- D I E I P I G H I i- - I--J I 1( I L 14 I N I O I P Cordr.cIlAgmemanl ConhacVA9reemen1 0em6 Pmled Nam.10.bl0b6gati,m I Obligalion Type I FYecvllen Dale I Termhalfoq Dalo I Payee I I I I 1 I �3ITAB-2005ATaxAlocelion Bonds orpal1LN05 I�ftlelumadO IW2030 Iu.S.aann 4ITAB-2007A Tex Alloce].n Bantle Inuetl70 or BaNc l41IRM? Ia ffss I`WI2039 ID.S. 5ITAE�2011 T. pllaoollon Bond. boaadMar Bahr I3115MIl IB�'. IW12024 ID.S. - 6 P.tytRegmaluyAgraement - Pnsfaclifda0agemeN 7/1/?AI1 = 9NR039 Sutsassgrryousing - 7PM-Fbmntlel Atlmiaslmgan AMM Cock I9N2W4 WIM39 (City of Petaluma _, fl -,`:1 n 4 rm.Ynu- �IUdbla.�i c+ -qy� F• ✓ Redmood Hry Interchange 522 I181ICIP-fbd ji urroemaNAlSmstrIm0 19IC� 1ol`r Ava CS -Town IImpmrwoommi@drastrl57102010 '20 CIPeRamkrAVa Gtpa,2,--Tqyk1 -: IlppmvemarlVlydmslr 47H2O10 - IG9PnEaar Counly COC Fundlnq Source I Non -Redevelopment Nopedy Tax Trust Fund aggniiPTTF1 RPTTF Oescllpllompmled Scope Pro)ea Area Dena Obligation Regred I Bond Proceeds l Rosorve Balance) OOxr Fmods I N."dmin I Adm:n Sit-M.mh T.W I 1 1 $ 119.227,501 1 1 $ 200,a001$ - 1 $ -1 $ 1,877.5141 $ 125.000 13 2.210,514 :Bonds Issued lv fund non-hausNg IPCOCMom.d 1 29,653,0941 N I 1 1 I 466.6151 I S 466.015 IRra. vouemo fond no"cusmg IPCUCMergaa I 23,105,400I N I I I I 356,7161 I$ 356,716 (Bandspr.joJsmed to tend o0trin enno InMmged I 56A19,367I ry I I I I 664,OWI I $ 69.006 IpSonds roledauod to fund non -homing IPCOC Mers.d 1 9.041,S60I 14 I I ( I 205,347I I $ 205,347 'IAUmintilrsltondN>mfar ,IPM� -:I-- - -'_ H L -- IT IeesedAdmhan bonds erd TrusteelPCDG fdvgetl Fe 'P.�vjetlpikBe9emalmgfCotafrdclmn PCOCSAesgea-' - N uI -_ _ J-I -'=1$ panda ufit�ttllladycurirdcl PGDaA1nrgoa N y - _-= $IT - _ 3 I Gmplta7oa p711aNpmiy dotltact- PC�C'{vTeryea -; = N _ -I $ _ 0smp11a1ce oflWfdpml:ycvrUacl PNF7a - H - - _ _ - s - CooperallvaAgmemenl ^ IPCOCMerged - •-'I. N I _ I I--- .. ^f $ _ .1 C Cd^� flGmnuagyepgleemasd_ - P.000 ed _ N 1 1 1 - l $ - i1Lbv0erANe.AgRbkeM: 16HB2447 -- 172IJ128s2 RebWlad 7d Bihar 4tro -BmtNe amaBc PCUC3der ed _ N _ .1 _ i'_--' " :—.1 $ - -T-ra - MMae(ggoeatl I M02W6 (SonomaCo. ns.A9ency-lWichnn g Nntlifgrioulu <mn IPPCDCC IN IIM12012 IDRS C.P. IErpammnanlal IFoacoorgad I I N I I I I I ($ -. enelrvptlmaRP.lannm9 "IHarmm9 - --, PCOCTdtlgea_ Iquado ...kr_ C7aetgetl 7 6/j02025 SMdmeLv 7mr>9 Agepcy local MalchldgFdnds=_ . 12A12012 ruhlbm" Ylpah CBS P9QCMergatl PCBC'dAergatl --- t2/312W9 - H'oBRHortlsby_ - " Wg IdlWaySaylcM'"_ 'I9A02013 = Snmama Co'Tiarm'flgndy WRdnnitondiPlmeW` - PCOGMuged N _- 'Ipf312015�rt-_-gesl9n .r 9.000 $ P,CC Mer9Mo -: 1D - 9,000'- H 3mnq T - = -- -. _- _ M. m M Q. A I a E F Recognized Obligation Payment Schedule (RbPS 15-16A) -ROPS Detail July 1, 20I5 through December 31, 2015 (R.p.d Am..rec in Vd-ol. Dalmo) G I R i I K I L I Id 1 14 FurdInqSource Non-Redevelaurneal Property Tax Tank Fund (NannRPTiTj CtallnedlAgmememl CoodocUAllream,nd Tal.] Cuhd.mff.lj I No, 41 Project Name JMbl ObligAlem Type Execution Data Temadoltf.n Do]. Pay.. DescdplloruPmled Scope Pml.dAma Debt or oulnell.a Retired Bond Pmc..d. R.eaw. B.I.nc.1 Otlaff,mdk N.MAd.t. � � . ]!Mjmv_.adicsma�j;yj,,r407r TZ Whtn,[.n TaImchang. _ _ adjam - I SWA.0 - � : -, , I M=014 Sonoma Co. Toms. AgencylROW Copilot ROW Supped, Con� PCOCIAorg N 211CIP-East jUnprevarox.t1infuld,1611=9 aclare I I Supp.r! I I I ty,6 !Palolamai A :1 Al 0111'..oullmood IPCOCIA'an.d N 321MISC-LegalS Mcc; lAdmln Costs 17=011 IWIM39 (Meyers Nam Alt.m.vo 11-amal .I... 1pmcmam.d I I N 35 ms�elfl S: 'C�avoadqtd AdmlnCo,t% 71112012 MUndirl RmneSlooeHoltramil, jCvemISM Board legal servicas PCOC Merged ti B000d I I I . Iseleal I I I 3SINUSC-DOF Me DillaoncG RoAaw lEassakdomAuffiz 10115M12 IWVQVVI IPua&f*G..dy fAudIl.md ... NrOyaudghift.al lPCDCAi.m.,l I— I N I I ,37 Woo enactor , MWISOT lSqj2Qal _1 _C JB 0 pal -"I "a 77 7, 7, 39 WA Ad.[nC*c. 71120I5 IMIS.,5 ip�.W _�L�Mmmlfty­ Ad filldrallvilc.sls PCOCIVIcrijad a uma ssor Dave op Ag.m I cy rn 401UMSATION - Old Rada..d & ulig.11.a e22it994 morals IvleyerailavoAllomor, ILega[Sem[coaforLit�gailanW[hDOF PCDClJmg.d rl Rodrear I I I I I 411UTIGNnON- Old Red,mod. 11119ollm 4neM14 manalfi BodmWiliamsZSomnsenjUgaiSeMcezrarLitgallonUthDOF PCOCIjerg.d N Ralrder.Co-OpAmeemerd I I I I I 42JCasftRaw LoanTmmCIly MICtardyl. eons 1011M14 munols CIty0p.l.hoo. Cash Flow loan to coWr expanses PCOCIA.'ed U IAu,r Sa7/11 1 1 1 1 1 QJCIP-Elct W.Waglan Int.rchm.qe lmpm,c..nMffmsl,j (moots Ppclrc Goo S Efndrlc 1411flyA,.ma.l. PCMMCfged 130.0001 N 139.0001 More I I 441CIP-East Wachinglan lrd.c,hm, jI.pmv,m.mVaF=lr monals AT&T UlfillyAgroemenis PCDCfAerlied 69,0001 It 1 69,0001 actual 45 N 46; N 1 471 1 1 1 1 N I I 4 el: 4 "N N I S101: H I 1 521 1 1 1 1 1 1 1 N I 'i 1514: N 1 651 1 1 1 1 1 1 1 N 6 1 N I N I I N IN N I 601 I N 1 I RPTTF Adma, I SkAl.dIlT.I.1 $ $ i IS $ I".w 139.00a 69,000 ,I w Recognized Obligation Payment Schedule (ROPS 15-16A) - Report of Cash Balances (Report Amounts In Vlhole Dollars) Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) maybe listed as a source of payment on the HOPS, but only to the extent no other funding source is available or when payment from property tax revenues Is required by an enforceable obligation. For tips on how to complete the Repott of Cash Balances Form, see Was://rad,dof.ca.eov/rad- sa/odf/Cash Balance Agency Tins Sheet.odf. IA B O I D E I F I G H 1 Cash Balarfae mfarmalton by ROPS Period IROPS 14-45AAc1uals 107/01/14.12/31114) 1 IBeginning Available Cash Balance (Actual 07101114) 2 IRevenue0ncome (Actual 12J31114) RPTTF amounts should fie to the ROPS 14-15A distribution from the County Auditor -Controller during June 2014 3 1 Expenditures for ROPS 14-15A Enforceable Obligations (Actual 12131114) RPTTF amounts, H3 plus H4 should equal total reported actual expenditures In the Repcd of PPA, Columns Land O 4 (Retention of Available Cash Balance (Actual 12/31114) RMF amount retained should mly Include the amounts distributed as reserve far future periodic) 5 ROPS 14-ISA RPTTF Pdor Period Allustment RPTTF amount should tie to the self -reported ROPS 14-15A PPA In the Report of PPA, Column 5 6 Ending Actual Available Cash Balance Cto G=(i+2. 3.4), H-(1+2-3.4.5) IROPS 14-1513 Estimate (01101/15. 06130116) 7 IBeginning Available Cash Balance (Actual 01161115) (C, D,E, G=4+6, F=H4+F4+F6, and H=5+6) 0 IRevenueMcome (Estimate 06130115) RPTTF amounts should the to the ROPS 14-15B distribution from the CountyAuditcr-Controller duringJanuary2015 0 (Expenditures for ROPS 14-15B Enforceablo Obligations (Estimate 051=I5) 10 Retention of Available Cash Balance (Estimate MUMS) RMF amount retained should only Include the amounts distributed as reservefarfuture pedod(s) 11 (Ending Estimated Available Cash Balance (7+0.9.10) Fund Sources Bond Proceeds I Reserve Balance I Other I RPTTF Pricy ROPS Prior BOPS period balanees RPTTF Bonds Issued on and DORRPTTF dlstno led as Rent, Non-Admin orbefore Bonds Issued on balances reserve for future Grants, and 12M1110 W after 01/01/11 retained pedod(s) Interest, Etc. Admin 9,036.715 I 11.171,0341 2,407.0651 I I 16,6561 1,653 1 8,036,0011 -I 1,739,Bi61 I I 732,2�`71 No entry required I - 20Z3671 $ 11,17f.035I $ 667.2491 $ -1 $ -1 $ (115,602)1 202.3671 $ 11.171,0351 $ 667,2491 S -1 $ -1 S (115,602)I - I I 3,761,0341 596.7531 I I 3,612,064 I 12D,750I I I I 20$367 I $ 11,171,0351 $ (59,254)I $ - I $ - 1 $ 33.3681 Comments m a Recognized Obligagon Payment Schedule CROPS 15-16A)-Report of Prior Period Adjuslmenle Reported for the ROPS 14-15A (July 1, 2014 through December 31. 2014) Period Pursed -to Health and Safety Code (HSC) settlers 34166 (a) (Recall Am minis in Whore Dollars) ROP514-15A Successor Agency (SA) Self-repoded Prior Period Adjustments (PPAI:Pursuanl to HSC Section 34186 (a), SAS are inquired Io r... d the differences between Ihetr actual available funding and their actual expenditures for the ROPS 14-15A (July through December 2014) period. The amount of Redevelopment Property Tax Trust Fund (RPTTF) approved forth. HOPS 15d6A (July through December 2015) period will be offset by the SA's lair Hammed ROPS 14-15A prior period adjustment. HSC Section 3410E (a) also specifies that Ih. prior period mij.sburamd eelf-repoded by SAS are subject to audit by the county auditor -controller (CAC) and the State Controller. A 9 C I 0 I E I F I 0 I H I I J K I L I IA 1 u ( 0 P O I R I 5 I Ron-RPTTF Expenditures I RPTTF Expendilm-cm I ( ( d to Offset ROPS fond Pmweda Reserve sd.rmn ..or Funaz IlonAdmin Admin tied RPM] A�T1F FPT1F1m cant I I I _ CROPS Well OlRrzenceod I I Iff I ( sees- I tlrsmlmed+9l ether netLnser of plKhlnsman4 dembm=d+allmha Rn L.seeraf Nledzed, Ne PmJcIIbmd rat AAwlEldl diets ar0711114)ul AulAedtedf tealtllRermcale Net0lRannce 11.8 metobnoeuen Amhedvdl Aewzl Amb9d:ed Actual Audmdzed Acted AmImilsed ]11114) 0e11114) AJdlabb Actual -vm7 AUNotivd Oillfli) Available Actual (MrP) IY Style 001IY 9,92-o 091IS 1,133.133IY 1j33,123IS -IS -is 4E6.59i IS 406E94IS 499,E94IS 49E,E91IY -IS 125.000IY 125,9E9IS ....En IS 132,2Ly11; -is -I I 1ITAS-20 IA im-I I -I I 21iAB-211M 1tw I -I 1 4ii 1151 i]i.11sl -1 I -I Is I Is -1 1 - 1 1 I Is -1 y,101 631y1 1 1Atese°mlSrde I I I I I IY I IY I I I I I I` I 4 4S569a 4L5093 - umorm Hu:an 1.3Jay 1e3p03 1TAP20in'E rate I I I I 1 I I 1 IS 1 IS I I I I I IFAccesI ' 223,209I M,295 223.2001 223.268 (TA&29 nI= I I I I I I 1 IS IT I I I I 1 1S a w ICe' I I I I I I I ( IS ( IS I I I ( IS Ke-14 ` IAd,�'Inramr I I I I I I I IY I IY I I I I I II ° IMan,e,m�is. I I I I I I IY I ISm,A�e�° I I I I I I I I IY I IY I I I I I IY I y IU;ncois.HUD 1 Ia, ROmcwef I I I I I I I I IS I IY I I I I I IS 12 IPen'amuheb 131A-el 1 nsF�mee' II' "Iff G9"" " I 15 ""rat' 1Pvump I I I I I I I I I` I 15 I I I IIF I ° 1el Iremf"he. I I I I I I I IY I IY I I I I I I` "IH,1°mN y"I I I I I I I 1` ° 9rAn M e.039.ym JORCU¢hrSed I i 1 I I I I I I IY I I� IY I 19 ' 1 r:, Ccupme^Fve SA mmmanm Recognized Obligation Payment Schedule IROPS 15-16A)- Report of Pdar Period Adjustments Reported for the ROPS 14-15A (July 1, 2014 through December 31, 2014) Period Pursuant to Health and Safely Code (HSC) section 34186 (a) (Report Amounts in Mel. Dollars) ROPE W5A Successor Agency (SA) Smf-rep.rh d Prior Period Adjustments (PPA):Pumuanl to HSC Section 34166 (a), SAs are required Is report the &M ..do., behveen their actual available Funding and their actual expenditures for the ROPS I4-15A (July Ihmugh December 2014) period. The amount of Redevelopment Properly Tax Tmst Fund (RPI M approvetl for the ROPS 15-16A (July through December 2015) period mill be offset by the SA's self-u poded ROPS 14.15A poor period adjusimenl. HSC Section 34186 (a) also specifies [he[ lha prior period relpic men)s sclfrep lded by SAs are subject to rest by the county auditor -controller (CAC) and the Stale Controller. A is L 0 E I F I O H 1 ' J I( L 1.1 I N 1 O P Q R 5 Nad-RPT$P Expenditures I RPTTF Expenditures Bent Pn:eeds I Rezerva Set.... I Other Fundz Pry hem0 01,111olu Dahl Ohlldatlon quulodad I I S 0,636pl I $ 20 CIPReeler Ax Ovsr-Tc,o Untrue., 21 UPRanter Ave CGvsz-Tet Corrado, 22 - IRMrnnnema I I IRmTrmiama I I 41 - 15KrT llama ( 25 CIIREa.1 Mention Iruallan6e d CIPEaer ry.-.talmn 21 Nertha RE akn9mn We InLrJmnOe I 24 UP und"'tutml Tinh Rem d,11. 30 Cup -tale n., IPm$am on MlaGu m Eaux. I., 33 MISGLe9al tEx 35 IAAIISDLe6d S .—e C,eeerdOta isse 3e MI SGOOF Oue Ql:amm P_NnJ 3r MISLFe19wu no on IML'GEaar. Cev6.m Ceaele':rent Acna1 I Au h.mtsd I Aewd I Aset l Aewd 0.M.001 I S I I I I I I I I I I I I I "YoRe lv PPTIF (flCP51}I9A dsL b�td+all oNv walah!vas vl Authed:ad 0711114) 4666E4I9 i05.6a; S I I` S is tlenAtlmin I Admlo Avzildn. Dlffem" (ROPE woe, riot Laneto' ..I<h tan than L. coast-.1 mher tier Leaser of AUNadxedI Na dlRennce lz .1lable.1of Au1L'vdzetll Avdial. Aut coin) Amur[ ad 0711114) Methd. I25L00 406A41Is 400,6a1I$ -I$ 125.666I$ iacna IT IS IT IT I I$ I I I I I I$ I I I I IT I I If I I I I T I I$ I I I I I$ I I I I I$ I I I I Requnled RPnF) t oarerenea e:nral lead materib.d. It. dataed W dlReranna❑ NN DIRaranca IA1aR) SA Gmmmu I° If I I` IT I f tT - t m a