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Home My WebLink AboutStaff Report 3.E 01/06/2020A Im FROM: Agenda Item #3.E January 6, 2020 Honorable Chair and Members of the Petaluma Community Development Successor Agency Board through Executive Director Ingrid Alverde, Economic Development / Redevelopment Manager SUBJECT: Resolution Adopting a July 1, 2020 — June 30, 2021 Recognized Obligation Payment Schedule and Administrative Budget Pursuant to Health and Safety Code Section 34177 (1) RECOMMENDATION It is recommended that the Petaluma Community Development Successor Agency approve the Resolution Adopting a July 1, 2020 — June 30, 2021 Recognized Obligation Payment Schedule and Administrative Budget Pursuant to Health and Safety Code Section 34177 (1). BACKGROUND On December 29, 2011, the California Supreme Court upheld the constitutionality of Assembly Bill xt 26 dissolving redevelopment agencies statewide as of February 1, 2012. The Council established the Petaluma Community Development Successor Agency (PCDSA) as a separate legal body to oversee the dissolution of the former Petaluma Community Development Commission. DISCUSSION The Recognized Obligation Payment Schedule (ROPS) is the document that serves as the budgeting authority for the PCDSA. In the past it was updated and approved by the State of California every six months and now it is approved once a year. The upcoming ROPS period is July 1, 2020 — June 30, 2021 and is referred to as the ROPS 20-21 because it covers obligations for fiscal year 20-21. The attached ROPS requests funds to pay for ongoing debt service and administration. As of July 1, 2018, the Petaluma Oversight Board will no longer approve the actions of the PCDSA. As outlined in State law, a new, county -wide oversight board was established to oversee all actions of all successor agencies in Sonoma County. The Sonoma County Consolidated Oversight Board is scheduled to meet in January 2020 to review the ROPS in time for the Department of Finance (DOF) deadline on February 1, 2020. The attached resolution includes the ROPS 20-21 and the administrative budget for review and consideration (Exhibit A & B of the Resolution). FINANCIAL IMPACTS The ROPS 20-21, once approved by the Oversight Board and the DOF, will provide the needed funds to administer the PCDSA and pay for enforceable obligations of the PCDSA from July 1, 2020 — June 30, 2021. ATTACHMENTS Resolution Adopting the Fiscal Year 20-21 Recognized Obligation Payment Schedule Exhibit A — Recognized Payment Schedule Exhibit B — Administrative Budget 2 Attachment 1 RESOLUTION NO. A RESOLUTION OF THE PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY ADOPTING A JULY 1, 2020 — JUNE 30, 2021 RECOGNIZED OBLIGATION PAYMENT SCHEDULE AND ADMINISTRATIVE BUDGET PURSUANT TO HEALTH AND SAFETY CODE SECTION 34177 (1) WHEREAS, the City of Petaluma (City) resolved to act as the Petaluma Community Development Commission Successor Agency (PCDSA) to, and assumed all rights and obligations of, the foriner Petaluma Community Development Commission (PCDC), by Resolution No. 2012-03; and WHEREAS, the City Council established the PCDSA as an independent public entity pursuant to Health and Safety Code Section 34173(g), on August 6, 2012, by Resolution No. 2012-118 N.C.S.; and WHEREAS, the liability of the PCDSA is limited pursuant to Health and Safety Code Section 34173(e) and other applicable law; and WHEREAS, the PCDSA was required to adopt a six-month enforceable obligation payment schedule referred to as the Recognized Obligation Payment Schedule (ROPS), and an administrative budget, which it has done for each of the initial six-month periods of the newly formed PCDSA; and WHEREAS, newly adopted legislation requires a yearlong period for the ROPS; and WHEREAS, the ROPS 20-21 and administrative budget, covering the period from July 1, 2020 — June 30, 2021, are due to the State Department of Finance (DOF) by February 1, 2020; and WHEREAS, in adopting ROPS 20-21, the PCDSA will comply with all applicable posting and notification requirements, including posting the ROPS 20-21 on the PCDSA's website and providing a copy thereof to the Oversight Board for the PCDSA, the County Administrative Officer, the Department of Finance, and the Sonoma County Auditor -Controller; and WHEREAS, the Oversight Board for the PCDSA must review and approve the ROPS 20-21 and administrative budget prior to their submission to DOF; and WHEREAS, the Sonoma County Consolidated Oversight Board was established on July 1, 2018 to approve the ROPS for the PCDSA; and WHEREAS, a draft ROPS 20-21 and administrative budget for the period July 1, 2020 — June 30, 2021, a copy of which is attached as Exhibit A & B and made part hereof, has been presented to the PCDSA, the PCDSA is familiar with the contents thereof, and the Executive Director has recommended approval of the same, subject to the contingencies and reservation of rights set forth in this Resolution; and WHEREAS, the PCDSA reserves the right to challenge the legality of Assembly Bills x1 26 and 1484 and/or any implementing regulations, and to rescind its acceptance of PCDSA rights and obligations, and reserves any and all rights concerning Assembly Bill x 126 and AB 1484 pursuant to applicable law; and WHEREAS, the PCDSA reserves the right to further amend the ROPS 20-21 and administrative budget; and WHEREAS, in adopting the ROPS 20-21 and administrative budget, the PCDSA does not intend to waive, nor shall the PCDSA be deemed to have waived, any rights the PCDSA may have pursuant to or in connection with any obligation listed on the ROPS 20-21 and administrative budget, including without limitation, the right to modify, amend, terminate or challenge any obligation listed on the ROPS 20-21 or the administrative budget. NOW, THEREFORE, BE IT RESOLVED BY THE PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY PURSUANT TO HEALTH AND SAFETY CODE 34171(1), that the Petaluma Community Development Successor Agency hereby: 1. Finds that the Recitals set forth above are true and correct and are incorporated herein by reference. 2. Approves the Recognized Obligation Payment Schedule for the July 1, 2020 — June 30, 2021 (ROPS 20-21) and the administrative budget, attached hereto as Exhibit A & B, pursuant to Health and Safety Code section 34177(1), subject to all reservations of rights and contingencies set forth above. 3. Authorizes and directs the Executive Director or his designee to take all actions necessary to implement this Resolution, including without limitation, the submission of the draft ROPS 20-21 simultaneously to the Sonoma County Consolidated Oversight Board, the Sonoma County Administrative Officer, the Sonoma County Auditor -Controller, and the State Department of Finance; and the posting of this Resolution and the Recognized Obligation Payment Schedule 20-21 on the PCDSA's website. 4. Declares that if any provision, sentence, clause, section, or part of this Resolution is found to be unconstitutional, illegal or invalid, such finding shall affect only such provision, sentence, clause, section or part, and shall not affect or impair any of the remainder. rd Recognized Obligation Payment Schedule (RODS 20.21) - Summary Filed for the July 1, 2020 through June 30, 2021 Period Successor Agency: Petaluma County; Sonoma Current Period Requested Funding for Enforceable Obligations (ROPE Detail) A Enforceable Obligations Funded as Follows (B+C+D) B Bond Proceeds G Reserve Balance D Other Funds E Redevelopment Property Tax Trust Fund (RPTTF) (F+G) F RPTTF G Administrative RPTTF H Current Period Enforceable Obligations (A+E) 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. EXHIBIT A 20-21A Total 20-21 B Total ROPS 20-21 (July - (January - Total December) June) $ 125,000 $ 5,293,687 $ 5,418,687 - 5,168,687 5,168,687 125,000 125,000 250,000 $ 125,000 $ 5,293,687 $ 5,418,687 Name Title lsl Signature Date 5 Petaluma ROPS 2020-21 Filed for the July 1, 2020 through June 30, 2021 Period Item # Obligation Name 6 PM -Regulatory AgrktE!TiientCompliance 7 PM -Financial Administration 8 PM-Constr, Project Management 9 I-IS&COTS-HUD Grand Agreement 10 HSG-CCLTS-HUD Loan 11. HSG-COTSHCD Loan -Restrictive Cov. 12 HSG Mobile Horne Rent Control Ore. 13 HSG -Rental Assistance 14 I-ISGAransinonal liousing 15 41ST; -Transitional Housing 16 IISG-Rehab single family homes 1.7 CiP-Old Redwood Hwy interchange IS CIP-Old Redwood Hwy Interchange 19 CIP-Rainier Ave Cross -Town Connector 20 CIP-Rainier Ave Cross -Town Connector 21 CIP-Rainier Ave Cross -Town Connector 22 CIP-Petaluma River Trail 23 CIP-Petaluma River Trail 24 CIP-Petalumi River Trail 25 CIP-East Washington Interchange 26 CIP-East Washington Interchange 27 CIP-East Washington Interchange 29 CIP-UndeTilround Tank Remediation 30 CIP-Brownfields Program 31 MTSC-office Equipment Lease 32 MISC-Legal Services 3S MISC-I.cgal Services -Oversight Board 36 MISC-CCF Due Diligence Review 37 MISC Petaluma Marine 38 MISC-Econ. Dev./Site Development nOMMEMUM Project Management Costs Admin Costs Project Management Caste M15cclialleol.45 Miscellaneous Miscellaneous Miscellaneous Miscellaneous Miscellaneous Miscellaneous Miscellaneous lriipi,ovemvnt/infrzistrzicttare Improvemont/Infrastructure ImpravLriietit/iiifraNtrLictur(r ImprovementlinfirUldrrUcture lryiprovenieTit/Infr,istructkare Improve rile t/I n frast rust Ure Improvement/Infrastructure Improvement/In fraStrUCt,,,. Improvemont/Intrastrurture Improvement/Infrastructure Improvement/Infrastructure Agreement Execution Agreement Date Termination Date Payee Description 7/112011 9/1/2004 7/1/2011 Z/30/2003 i/1/2003 3/1/2004 1/31/2011 1131/2011 1/:31 /2011 1/31/2011 2/31/2011 b/27/2003 5/7/2010 5/10/2010 4/14/2010 6/IS/2011 10110/2007 111012008 5/1/2006 5/26/2009 3/16/2007 6/3/2009 9111/2009 Improvement/Infrastructure 10/26/2(109 Admin Costs 3/3/20u Admin Costs 7/1/2011 Admin Costs 711112012 Dissolution Audits 8/15/2012 Miscellaneous 11/23/1987 City/County Loan (Prior 06/28/11), Other 1/31/2011 39 N/A Admin Costs 40 U HGATION -Old Redwood& Rainier Litigation 41 LITIGATION - Old Redwood, Rainier, Co -Op Agreement Litigation 7/l/2020 8/29/1994 4/29/2014 5/1/2039 Successor Housing Agency Project Management and Administration Total Total Outstanding Requested Obligation Funding $ 56,555,000 $ 5,418,687 511/2039 Crty of Petaluma Fiscal nversight on bonds and Trustee Fees ar- 5/1/2039 City of Petaluma Project Management of Construction Contrac 7/3/2023 Committee an the Shelterless Compliance of third party contract Committee on the 7/1/2023 Shelterless Compliance of third party contract Committee on the 3/1/2014 Shelterless Compliance of third party contract 6/18/2047 Sonoma County CDC Cooperative Agreement 6/18/2047 Petaluma People Services Ctr Cooperative Agreement 6/18/2047 Salvation Army Cooperative Agreement 6/19/2047 COTS Cooperative Agreement 6/18/2047 Rebuilding Together Cooperative Agreement 1213112012 LJRS Corp, Design 6/30/2016 Sonoma Co. Trans. Agency Matching fluids for construction 12/31/2012 URS Corp. Environmental 12/31/2012 Metropolitan Planning Group Planning 6/30/2025 Sonoma Co. Frans. Agency Local Matching Funds 12/31/2012 CSW/Stuber-Strooh Design 12/31/2009 Geoff Hornsby Right of way services 9/30/2013 Sonoma Co. Trans. Agency Construction of Phase III 12/31/7015 URS Corp. Design 12/31/2,011 Assoc. Right of Way Service Right of way 6/30/2014 Sonoma Co. Trans. Agency ROW Capital, ROW Support, ConStr Support 12/31/2015 City of Petaluma Project Management U.S. Env! ran. Prot ection 10/31/2013 Agency ProPn:I: Management 2/28/2016 Discovery Systems office equipment 5/112039 Meyers Nave Attorneys Legal Services 6/30/2013 Renee Sloan Holtzman Sakai OveisIght Board leral services 6/30/2013 Pun & Mweady Audit services for Oversight Board 5/1/2039 State of CaUfornia Loan Repayment 6/18/2041 City of Petaluma Cooperative Agreement Petaluma Community Development Succussor G/30/2021 Agency Administrative Costs 6130/2016 Meyers Nave Attorneys Legal Services for Litigation with DOF 6/30/20163 Burke Williams & Sorensen Legal Services for Litigation with DOF 42 Cash Flow Loan from City City/county Loans After 6/27/11 10/1/2014 6/30/2016 City of Petaluma Cush Flow kran to cover expenses 43 CIP-East Washington IntutchaniT Iiiiprovetii(int/frift;istructur(t 10/29/2011 6/30/2016 Pacific Gas & Electric Utidty Agreements 44 CIP-East Washineton Interchange 4/29/2011 6/30/2016 AT&T Utility Agreements 45 Bond Expenditure Agreement Bonds Issued On or Before 12/11/10 611.1/2015 6/30/2016 City of Petalufoo Expenditure of bond proceeds according to N - 45 TAB 2015A Tax Mocatron Bonds Bonds Issued After 12/31/10 3/1/2015 S/1/2033 U, S. Rank Bonds issued to fund non-housing projects Isjoss,000 1,277,768 47 TAB-2015i3 fix Allocation Bonds Bonds Issued After 12/31/10 3/1/2015 5/1/2033 U, S. Bank Bonds Issued to fund non-housinti projects 10,410,000 1,403,675 Cooperative Agrunrients - Exhibit A/Section 8 - Economic Crev. Progtams; Exhibit B/Section .1 Affordabie Hse, 48 progrinisas reinstated by Rcsolution x12012'03 of the OB Beentered Aj;reemunts 4/25/2012 6/19/2047 City of iletafum,,r Cooperative Aproement as reinstated by Ross - Januaiy:31, 2011 Cooperative Agropment by and between the PeWurmi Comniunity Dtive.lopment Commission anti the City of Pet,durna, us to Item I on Exhibit A, the 3Ccc,(Jld 49 Redwood Highway Interchange Projeaff improvement/Infrastructure 412512012 6/18/2047 City of Petaluma January 31, 2011 Cooperative Ag reenjeIrn by January 31, 2011 Cooperative Agretnvent by and bc,.twvrn tire Petaluma Community Development Commission and the City of Petaluma is to item 3 on Exhibit A, the 130 Ifoull)]/East Washington Interchange Project.5C Improvement/Infrastructure 4/25/2012 6/18/2047 City of Petaluma January 31, 2011 Cooperative Agreement by; - January 31, 2011 Cool) Agreement by and between the Pel,flurna Community Development CornfnMfon and the City of Pubilurna as to Iter 5 on Ex. A, HooRainer Avenue 51 Cross-town Connector/Intorchange Proj.5C 11t)provkrn)crit/infri4tructure 41125/2012 6/18/2047 City of Pet: kena January 31, 2011 Cooperative Agwwnent by;- -January January 31, 2011 Coop Agreement by and between tire Petaluma Community Development Commission and the City of Petaluma as to Item I on ix. C, AULStaffing and 52 Administrative Fxpcnses-,5C Project Management Costs 412512012 6/1812(147 CRy of Petaluma January 31, 2011 Cursis(vative Aprournunt by, - `s3 TAB-2017 Tax Allocation Bonds Bonds Issued After 12/31/10 8/1/2017 11/1/2039 U, S. Bank Bonds issued to fund twn-housing projects 30,240=0 2,487,244 Petaluma Recognized Obligation Payment Schedule (ROPS 20-21) - Report of Cash Balances July 1, 2017 through June 30, 2018 (Report Amounts in Whole Dollars) Pursuant to Health and Safety Code section 34177 (1), Redevelopment Property Tax Trust Fund (RPTTF) mg be listed as a source of payment on the ROPS, but only to the exteaknio oth I IMIR III!,! I III INNER III IM I -I-Iguluolk �A B C-( D _ I- E I F I G H ROPS 17-18 Cash Balances Fund Sources Comments (07/01117 .06130/18) Bond Proceeds Reserve Balance Other Funds RPTTF Bonds issued Bonds issued Prior ROPS Rent, grants, Non -Admin on or before on or after RPTTF and interest, etc, and Admin 12/31/10 01/01/11 Reserve Balances retained forfuture periods) I Beginning Available Cash Balance (Actual 07101117) 5 4,718,479 120,893 RPTTF amount should exclude "A" period distribution amount, 2 Revenue/income (Actual 06/30118) 17,740 13,818 6,724,493 RPTTF amount should tie to the ROPS 17-18 total distribution from the County Aud itor-Controlier 3 Expenditures for ROPS 17-18 Enforceable Obligations 4,736,219 2,206,452 (Actual 06,/30/18) 4 Retention of Available Cash Balance (Actual 06/30/18) 3,223,160 November 2018 debt payment RPTTF amount retained should only include the amounts distributed as reserve for future period(s) 5 ROPS 17-18 RPTTF Prior Period Adjustment RPTTF amount should tie to the Agency's ROPS 17-18 PRA No entry required form submitted to the CAC 6 Ending Actual Available Cash Balance (06130118) $5 $120,8931- $13,818 $294,881 C to F = (1 + 2 - 3 - 4), G = (11 + 2 - 3 - 4 - ) PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY Administrative Budget FY 2020-2021 ROPS 20-21 FY 20-21A FY 20-21B Admin charges (wages, etc) 93,200 93,200 Professional Service/Audit 8,000 8,000 Utilities/Maintenance/Repairs 5,000 5,000 Legal Services 101000 10,000 Office Supplies 250 250 Bank/Trustee fees/financial oversight 8,550 8,550 $125,000 $125,000 Total for Year $250,000 10 111011111111.3 0