The URL can be used to link to this page

Home My WebLink AboutRESOLUTION 2025-005 N.C.S. 01/06/2025 Docusign Envelope ID:23BOCOCB-DB99-4124-8287-2DE7DEBOCDC1 Resolution No. 2025-005 N.C.S. of the City of Petaluma, California RESOLUTION ADOPTING A JULY 1, 2025—JUNE 30, 2026, 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 25-26 and administrative budget, covering the period from July 1, 2025 —June 30, 2026, are due to the State Department of Finance (DOF)by February 1,2025; and WHEREAS, in adopting ROPS 25-26, the PCDSA will comply with all applicable posting and notification requirements, including posting the ROPS 25-26 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 25-26 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 25-26 and administrative budget for the period July 1, 2025 — June 30, 2026, 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 WHEREAS,the PCDSA reserves the right to further amend the ROPS 25-26 and administrative budget; and WHEREAS, in adopting the ROPS 25-26 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 25-26 and administrative budget, including without limitation,the right to modify,amend,terminate or challenge any obligation listed on the ROPS 25-26 or the administrative budget; and Resolution No. 2025-005 N.C.S. Page 1 Docusign Envelope ID:23BOCOCB-DB99-4124-8287-2DE7DEBOCDC1 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 25-26 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, 2025 —June 30, 2026 (ROPS 25- 26) 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 25-26 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 25-26 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 6th day of January DocuSigned bOrm: 2025,by the following vote: 15EF85AEeiV0�8 +omey AYES: McDonnell,Barnacle,Cader Thompson,DeCarli,Nau,Quint NOES: None ABSENT: Shribbs ABSTAIN: None DocuSigned by: Signed by: ATTEST: �Ull�t, hG06In,IA& ... �€sraaasxee2a� City Clerk Mayor Resolution No. 2025-005 N.C.S. Page 2 Docusign Envelope ID:23BOCOCB-DB99-4124-8287-2DE7DEBOCDC1 Recognized Obligation Payment Schedule(ROPS 25-26)-Summary Filed for the July 1,2025 through June 30,2026 Period Successor uma Sonoma Current P.,I.d Requeatetl F..din9 for Enforceable Obll9Nl..s 2—Tool ROP325-2fi (ROPS Detail) (July- (January?Jum) T-1 December) A EMorceable ObligNions Funtletl as Follows(B+CW) E E E E B B.ntl Pronetla - C Reserve Balance - D mar Funtla - E Redevelopment Pronny Tas—F-d(RFrtF)(F�G) 2,283,444 1,86],993 E 4,1E1,439 F RPTTF z.ml,asa .»lbls G AtlminiNmti�re R— '152.7. H Current Perlotl Enrorceable ObllgMi.n(AIE) E2,283,444 $ 1,867,99 $ 4,151,439 CerO6caOon of Oversight BoaN CM1airman: to Section 341]](o)ofthe HcallM1 antl Sahty cotle.l Name Title herebyncertirythNthe ebotre is a We antl accurate Recognizetl OblgeOon Payment SCM1etlule for Me above nametl successor agenq. /d slenNure DaW Petaluma Recognized Obligati..Payment Schedule(ROPS 25-26)-ROPS Detail July 1,2025 through June 30,2026 A B D E F G H I J L M N O P O R S T V W Agreement Agreement T.ta'Out—ding —2E46A(Jul- FOPS 2546B(Jm-Jun) 1.11 Exe d Teminetian O6lgedon tl Sources 25-26A 25468 N m Dale DNe Payee Description Pied n Redretl B111RP al TiF $ etls Bat ce$Funtl� $R TTF$ $P edsE Ba ce¢Funtl$ RI Z 39 NIA 7/i/2024 e/3 05 —luma Community Deeelnment Atlminis—Costs PCDC 152,]fi0 N - - ]6.300 $ ]8300 76,380 76,380 Successor Agency Mergetl 46 TAB-2015A Tax O3IOt12015 05/01rz033 U.S.O- B.-bsuetlm Wntl non-housing PCDC 13.000,000 N - 620.942 - $ 620.942 - - 641,762 641,762 A'b—B.nda projects Mergetl 47 T O3M-15 0SN1/2093 U.S.Bank etl b Wntl non-M1ouvng P 6,480, N - - - ]00, - $ ]00, - T10,631 - ]10,631 IV: pP."Bau M�C� 53 TA OBIO1I2O1] 11N1/2099 U.S.Bank WM.d non-M1cudn9 PC9C 28,850, N - - - eT], - $ 8]], - 39, V an�dcarolsau Mer9� 2,2113,— 1,1367,885 PM luma Recognized Obligation Payment Scbedule(ROPE 25-26)-RapOd N Casb BNancea July 1,2022 tbr.ugb June 30,2023 (RepM Amounts'.Whale Ddlem) Pursuantb Hn6hend Safety Cotlenc0.n uln(I),Retletel.pment PropwyTax TmN Fund(R—)maybe Ilatetl masouroe Npayment on the ROPS,but anlyro the extent n.Nh—nding soume Is available avhen payment from pro dy b required by en enf.rneble obl'gNion. CD E FG IF— P.— ROPS 119-20 Bands issuetl on Bonds issued..or efler Pda ROPS RPTTF antl 00'1/41/tianLBS ar befarel2/31I10 Ot101111 Reserre Balances rete'ned for Rent, C.mmerHs Bn6rzz1 roam pen.ala) grants, N.m- and � Aaml. 1 Beginning Available CasM1 Balanc,(ft-I O]M M FPT]F aunt should exclude-A'pedod dinribu-amount. 2 Rave-Oft.me(ACWalg6-3) - - 5,388,622 RPTTF amount should le to Me ROPS 22-23 total di—u-Ban the County Audit.-C.ntrella 3 Ezp—iturea far ROPE 2243 EN.rceable ObllgM—(Actual 5,388,622 o6/30rz3) Retentl.n.f Available CaNt Ralson(Actual a6130129)RPTTF t rela I.d ah.uld only I.d.ae the ama,nla m fl—d as Wre pedotl(s) 5 ROPS 22-23 RPRF Prl.r Pedal Ad)uahnent to the Agencys ROPS 22-23 PPA roan No entry requiretl bm'eetl to theaCAC 6 E.dln9 Actual--l.Cash Balance(D&SOI33)C to F=(1•2 E- E- E- E- (2a26501 -3.4),G•11♦2.3-4.5) Petaluma Recognizetl Obligation Payment SCM1etlule(ROPE 25-26)-Notes July 1,2025 through June 30,2026 Ibm N.....mmenm 39 46 53 Docusign Envelope ID:23BOCOCB-DB99-4124-8287-2DE7DEBOCDC1 Exhibit B PETALUMA COMMUNITY DEVELOPMENT SUCCESSOR AGENCY Administrative Budget FY 2025-2026 ROPS 25-26 FY 25-26A FY 25-26B Total for Year Admin charges (wages, etc) $ 63,872 $ 63,872 Professional Service/Audit 10,000 10,000 Office Supplies 500 500 Bank/Trustee fees/Financial oversight 2,008 2,008 $ 76,380 $ 76,380 $ 152,760