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Home My WebLink AboutRESOLUTION 2024-004 N.C.S. 01/08/2024 DocuSign Envelope ID:7EFAEADC-150C-4384-812D-3EF9004B6F46 Resolution No. 2024-004 N.C.S. of the Petaluma Community Development Successor Agency RESOLUTION OF THE PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY ADOPTING A JULY 1, 2024—JUNE 30, 2025, 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 former 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 24-25 and administrative budget, covering the period from July 1, 2024—June 30, 2025, are due to the State Department of Finance (DOF)by February 1, 2024; and WHEREAS, in adopting ROPS 24-25, the PCDSA will comply with all applicable posting and notification requirements, including posting the ROPS 24-25 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 24-25 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 24-25 and administrative budget for the period July 1, 2024—June 30, 2025, 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 xl 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 xl 26 and AB 1484 pursuant to applicable law; and Resolution No. 2024-004 N.C.S. Page 1 DocuSign Envelope ID:7EFAEADC-150C-4384-812D-3EF9004B6F46 WHEREAS,the PCDSA reserves the right to further amend the ROPS 24-25 and administrative budget; and WHEREAS, in adopting the ROPS 24-25 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 24-25 and administrative budget, including without limitation, the right to modify, amend,terminate or challenge any obligation listed on the ROPS 24-25 or the administrative budget; and WHEREAS, this action is exempt from the requirements of the California Environmental Quality Act (CEQA) in accordance with CEQA Guidelines Section 15378(b)(4)&(5), in that adopting a resolution for the ROPS 24-25 does not meet CEQA's definition of a"project,"because the action is a fiscal activity which does not have the potential for resulting in either a direct physical change in the environment or a reasonably foreseeable indirect physical change in the environment, and because the action constitutes organizational or administrative activities of governments that will not result in direct or indirect physical changes in the environment. NOW,THEREFORE,BE IT RESOLVED that the Petaluma Community Development Successor Agency, Pursuant to Health and Safety Code 34171(I), 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, 2024—June 30, 2025 (ROPS 24-25) and the administrative budget, attached hereto as Exhibit A & B, pursuant to Health and Safety Code section 34177(l), 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 24-25 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 24-25 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. Under the power and authority conferred upon this Council by the Charter of said City. REFERENCE: I hereby certify the foregoing Resolution was introduced and adopted by the Approved as to Council of the City of Petaluma at a Regular meeting on the 8'day of January Docu ftnecf�ft: 2024,by the following vote: OArinAAn City Attorney AYES: McDonnell,Barnacle,Cader Thompson,Healy,Nan,Pocekay,Shribbs NOES: None ABSENT: None ABSTAIN: None DocuSigned by: uSigned by: ATTEST: � Doc � ��1 ;78 City Clerk Mayor Resolution No. 2024-004 N.C.S. Page 2 DocuSign Envelope ID:7EFAEADC-150C-4384-812D-3EF9004B6F46 Exhibit A Recognized Obligation Payment Schedule(ROPS 24-25)-Summary Filed for the July 1, 2024 through June 30,2025 Period Successor Sonomaa C.—period Reguehted Funding for Enforceable Obligators 24-25A T—(July- 2445B Total ROP324-25 (BOPS Detail) December) (January-Jun.) TOWI A Enhmeable Obligations Fundetl as Follows(—.l E E E E B Band Proceeds - C Resenre Balance - D 01her Fund. - E Retle n aperty Tax Trurt—d(RF—F)(F.G) 2,344,037 1,020,001 E 4,2]3,124 F iltg.p3] 6,023,12d G m—t— 250,000 H Current Period Enforceable 0bll9atlona(A.E) f 2,3d6,03T E 1,929,00T E 4,2 ,124 Cero6--of Oversight Boartl Chairman: Name Title ]](n)d Ne Realth entl Sa(ety cab.,I enity Obll9et—Payment Schetlule for the abmrecnametlsucecesso� e Signature Date Petaluma Recognized Obligation Payment Schedule(ROPS 2445)-ROPS Detail July 1,2024 through June 30,2025 A B D E F G H I J O POR S Agreement Agreement —Outsta mg ROPE 21.25A(Jul- ROPE-5B(Jan-Jun) Item Pra)ect EuwNion retinal p�cey Oblgadon Fund S.— •A 446B Name Dale a Dale Payee Des Pt. Area Redrttl t TTF Bond Reaerre Omer RPTTF Admin Proreetls Balance Funtls RPTTF T$- ¢ $- ¢ $- $- $-Proceeds$Ba IL T1P¢ E e NIA S—I 0W012024 —uma Community Development AtlministraOre Cwis PCDC 250.OIM N - - -125.OIW E 125.000 - - 125,000 121= 2023 Successor Agency Mergetl de TAB-2015ATax 03/01/ 05N1/2033 U.S.Bank Bonds issuetl to Wntl ncn-M1ausin0 PCDC 13.050.000 N - - 645.390 - E 645.390 - - 638.303 - 630.303 Al_ Bands 2— projeda Mergetl 4]TAB-2015B Tax 03N1/ 05/012033 U.S.Bank Bones kauedb Wnd non-M1aueing PCDC ],650, N E ]03, - a94,313 - 894,313 Allacatbn Banda 2015 projeda Merged 53 TAB-201]Tax OW'W" 11/01—S U.S.Bank Bones kauedb Wnd non--g PCDC 2],280,000 N - - 456,d23 - E 456A23 - - BBB,d22 - 888,62T Albcatbn Banda 201] projeda Merged 1,930,38T 2,3M,03] Pe stoma Recognized Obligation Payment Schetlule(ROPE 20-25)-Report o(Caeh Belancae July 1,2021 through June 30,2022 (Report Amaunls in Whde Ddlers) Pursuant to Heaflh entl—ty Code aec5on 341]](I),Retlev4apment P,"Tax TmN Funtl(RPTiF)may be Ilstetl as a source of payment an the ROPS,but arty W iM1e eMent no dM1erfuntling sourte is available wvfien payment from propeM lav la raluir�by enforceable abli bbm. LD E FG d S.— BondProceeds Raaem Belence ONer FunMrAd"— BOPS 19-20Bond515sued on or Bantls issued an or after Prior ROPS RPTiF entl anea ypt2/31I10 01I01111 Reserve Balances relainetl for Renta, 1 Beginning Available CasM1 Balance(Aetual 0]/01]21)RPTTF - - - 1232.65t) aunt should exdude'A'pedal d.nb.-amount. 2 RevenuMlncane I—I06MOM2) - - 5,391,198 RPT]F amaunl should le to Ne ROPS 21-22 total diaNbudan from the Caunly A--Canimller Expenditures for RODS 2132 EMorceabla Oblgetlona(Actual 5,381,18] O...2) R.—I.n of Available Cash Belanu(Actual 06130122)R— M1wId any Indutle try.amounts tlisirlb-d az Wre ped.g ROPS 2112 RPTTF Prior Period Adjusbneht submi0etl to tM1esGA Itl tle to the Agencys ROPS 21-22 PPA Mm No entry req.I. Entling-1 Available C-1,Belence(06r30122)C to F=(1.2 f- E- E- E- (23285W -3-4),G•(142.3-4.5) Petaluma Recognized Oblig.S..Payment Schedule(ROPE 2445)-Notes July 1,2024 tbrougb June 30,2025 Item N—C...... 39 40 53 DocuSign Envelope ID:7EFAEADC-150C-4384-812D-3EF9004B6F46 Exhibit B PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY Administrative Budget FY 2024-2025 ROPS 24-25 FY 24-25A FY 24-25B Total for Year Admin charges (wages, etc) $ 93,200 $ 93,200 Professional Service/Audit 8,000 8,000 Utilities/Maintenance/Repairs 5,000 5,000 Legal Services 10,000 10,000 Office Supplies 250 250 Bank/Trustee fees/Financial oversight 8,550 8,550 $ 125,000 $ 125,000 $ 250,000